Industry News
TAB NZ Interim Chair Announces Resignation
TAB New Zealand Interim Chair Anna Stove has announced her resignation after a significant five-year contribution to the statutory body.
Ms Stove’s governance contribution began in 2019 when she joined the Racing Industry Transition Agency. She became Deputy Chair of the first TAB NZ Board in 2021, Interim Chair in September 2023 and was instrumental in securing TAB NZ’s strategic partnering arrangement with Entain.
Her time on the board saw the implementation of the far-reaching changes to the racing industry recommended by the “Messara Report”, overcoming challenges in racing and sport posed by COVID restrictions, the negotiation and finalisation of the Entain strategic partnership, transitioning to TAB NZ’s new operating model and making investments across both racing and sports.
Ms Stove says she is very proud of the legacy that has been created by TAB NZ during her time on the Board.
“It has been a rewarding five years and more importantly we have delivered a sustainable long-term outcome for our stakeholders through the Entain partnership.”
“I would like to thank the Minister, and all my director and management colleagues who I have worked with during this time. I have the utmost confidence in the remaining Board and management team continuing to build on the foundation we have laid – we are well placed for the next chapter. I feel very confident about the industry’s future and its contribution to the nation’s economy.”
TAB NZ Chief Executive Officer, Nick Roberts, congratulated Anna on her contribution.
“I would like to thank Anna for her leadership and drive. There’s no doubt that Anna leaves the organisation, and those who rely on our funding, in a better position than when she joined in 2019.”
Although leaving the Board, Ms Stove will continue to follow her lifelong interest in the racing industry through breeding and racing thoroughbreds from her Karaka property.
Ms Stove will continue as Interim Chair until a new appointment is made by the Minister for Racing.
The post TAB NZ Interim Chair Announces Resignation appeared first on European Gaming Industry News.
Industry News
FDJ Announces its First Bond Issue
La Française des Jeux (FDJ), one of Europe’s leading betting and gaming operators, will meet investors over the next days with a view to launching its first bond issue, subject to market conditions.
FDJ recall that, on 7 November, Moody’s assigned the Group a long-term credit rating of Baa1 – stable outlook.
With a total value of €1.5 billion, in 3 tranches with maturity of 6, 9 and 12 years, the bond issue would be used to refinance most of the €2 billion bridging loan, drawn on 7 October to finance the acquisition of Kindred shares for nearly €2.5 billion. The bonds will be listed on the Euronext regulated market in Paris.
Furthermore, FDJ is finalising a €400 million syndicated loan with top-tier French and international banks, which will be repaid over 5 years. This financing is also intended to repay the bridging loan which will be settled with Group’s cash.
The post FDJ Announces its First Bond Issue appeared first on European Gaming Industry News.
Balkans
CT Interactive Shortlisted in Two Categories at BEGE Awards 2024
CT Interactive has announced that it was shortlisted in two categories for the upcoming prestigious BEGE Awards 2024. The company has been recognised for its exceptional contributions to the online gaming industry by being among the finalists for Online Game of the Year for the innovative and engaging game Doctor Winstein Buy Bonus and Online Provider of the Year.
The BEGE Awards, which celebrate excellence and innovation in the gaming and entertainment industry, will be held on November 27, 2024, at the Club Black & White in the Grand Hotel Millennium, Sofia.
This year’s nominations reflect CT Interactive’s dedication to creating top-tier gaming experiences and its continuous efforts to push boundaries in the online gaming world.
“Being recognised in these two categories is a testament to the hard work and creativity of our entire team. We are thrilled to be among the industry’s finest at the BEGE Awards once again,” said Monika Zlateva, CCO at CT Interactive.
The post CT Interactive Shortlisted in Two Categories at BEGE Awards 2024 appeared first on European Gaming Industry News.
Industry News
Public Voting Starts for Ortak x B.F.T.H. Arena Awards 3.0
The highly anticipated Ortak x B.F.T.H. Arena Awards 3.0 has officially entered the public voting phase as submissions are closed.
More than 70 game providers have turned in over 160 submissions, including Tom Horn Gaming, Pragmatic Play and RubyPlay. Public voting involves enthusiasts casting their votes to pick the winner of the Game of Public Choice category.
The Public voting phase ends on December 1st 23:59 GMT+4.
Concurrent to public voting, the first phase of private voting also starts during which all participants who have submitted entries get the chance to vote for one favourite in each category. An international auditing company oversees this phase to eliminate duplicate votes and self-votes. This phase ends on November 19, 23:59 GMT+4.
The second phase of private voting will also take place with a jury of industry experts making their decisions based on the shortlist picked by participants during the first phase.
The post Public Voting Starts for Ortak x B.F.T.H. Arena Awards 3.0 appeared first on European Gaming Industry News.
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