Industry News
MuchBetter reveals winner of the 2019 MuchBetter MegaDraw
MuchBetter has announced Leslie D, from Port Hardy, Canada as the winner of its MegaDraw promotion, who will receive an all-expenses paid, VIP trip of a lifetime to Las Vegas. The draw was held today and marks an exciting start to the new year for MuchBetter, following a record breaking 2019 in which MuchBetter welcomed more than 200,000 active users, launched in several new regions and won a string of prestigious iGaming and payments awards.
Leslie D. will receive the following as part of their winner’s package:
- Two return flights to Las Vegas
- Six nights at a 5-star hotel for two on the world-famous Las Vegas strip
- $20,000 spending money
- Two VIP tickets to an iconic Vegas show
- Dinner for two at one of the best restaurant’s in Las Vegas
“I can’t imagine a better way to start 2020 than a VIP trip to Las Vegas,” said winner, Leslie. “To enter the MegaDraw, I simply had to use the MuchBetter app for some of my day to day spending and iGaming activities. I found it to be one of the easiest and most quickest payment apps I’ve ever used, so I plan to use it for the foreseeable future too.”
“We have always made it our mission to create the most rewarding payments experience possible for our users,” said Paul Gent, MuchBetter CMO. “I think that the MegaDraw prize is probably our most powerful demonstration of this mission to date and it’s great to crown our first winner today from our ever-growing list of active users, which now stands at more than 500,000. We hope to take the momentum from a wildly successful 2019 into 2020 and will be launching a new MegaDraw campaign shortly.”
2019 highlights include:
MuchBetter award wins: MuchBetter won at the highly prestigious MPE Awards (Best Start-up Innovation Award), The Card & Payments Awards (Best Alternative or Digital Payments Programme), EPA Awards (Most Innovative Mobile or Financial Service Payments Solution), and SBC Awards (Mobile Payment Solution of the Year).
Summer Series Tournament: MuchBetter sponsored the first social online poker tournament of its kind, giving poker fans a chance to play against top poker pros, including Lex Veldhuis, as well as sponsoring 4 amateur players to compete at 2019 European Poker Tour in Barcelona in August. Fans also got a chance to play at the new tournament series, Lex Live 2 in London.
West Ham sponsorship: MuchBetter is proud to be West Ham United’s Official Online and Digital Payments Wallet Partner, a new partnership for 2019
About MuchBetter:
MuchBetter, operated by MIR Limited UK Ltd, an FCA-licensed and regulated e-money issuer, is the new payments application for iGaming. Available on Android and iOS, MuchBetter make effortless online, offline and contactless payments throughout EMEA. Funds can be transferred and received in real-time and MuchBetter’s unique commercial model increases operator revenues while its anti-fraud features and use of best in class technology reduces risk.
Blake Sartini
Golden Entertainment Announces Leadership Changes
Golden Entertainment Inc. announced that effective March 20, 2024, Blake Sartini II, Golden’s Executive Vice President of Operations, became the Company’s Chief Operating Officer.
“Blake has worked in every capacity throughout our organization since he started at Golden almost 17 years ago. His unique knowledge of our Company’s culture, commitment to operational excellence, and strong leadership skills make him the ideal individual to be given responsibility for all our Nevada casino resorts, locals properties, tavern operations and related corporate functions,” Blake Sartini, Chairman and CEO of Golden, said.
Blake Sartini II initially joined Golden in June 2007, working with Golden’s tavern operations and building what is now the largest branded tavern portfolio in Nevada with 69 locations. Currently, as Executive Vice President of Operations, in addition to oversight of Golden’s taverns, he has direct responsibility for the Company’s five local casinos in Las Vegas and Pahrump.
Steve Arcana, Golden’s current Chief Operating Officer, became the Company’s Chief Development Officer also effective March 20, 2024. In this newly created role, Mr. Arcana will be responsible for all new tavern development, finding new third-party food and beverage concepts for the Company’s casino resorts, and exploring opportunities to unlock value in the Company’s excess real estate in Las Vegas, Laughlin and Pahrump. Mr. Arcana initially joined Golden in 2003 and has overseen the Company’s operations as it has grown from a privately held, 900-slot machine route operation to a publicly traded gaming company with casinos in Las Vegas, Laughlin and Pahrump in addition to its significant tavern portfolio.
“Steve has been with Golden for over 20 years and has been an integral part of growing our business and guiding us through many challenges. Steve has established a strong operating team and has been a consistent leader throughout his decades at Golden. His long history and extensive experience in the industry will continue to benefit the Company in his new role focused on creating value from new tavern development and unused assets in our casino portfolio,” Mr. Sartini said.
“These management changes will allow Golden to focus on maximizing performance in our core operations while exploring opportunities to drive future improvement by bringing potential new concepts to our existing portfolio. I am confident the changes to Blake and Steve’s roles with the Company will position us well to create additional shareholder value,” Mr. Sartini added.
Barclays Capital Inc
MGM Resorts International Announces Proposed Senior Notes Offering
MGM Resorts International announced that it proposes to offer $750,000,000 in aggregate principal amount of senior notes due 2032.
The Company intends to use the net proceeds from the offering of the notes to repay existing indebtedness, including its outstanding 6.750% senior notes due 2025. Pending such use, the Company may invest the net proceeds in short-term interest-bearing accounts, securities, or similar investments.
The notes being offered will be general unsecured senior obligations of the Company, guaranteed by substantially all of the Company’s wholly-owned domestic subsidiaries that guarantee the Company’s other senior indebtedness, and equal in right of payment with all existing or future senior unsecured indebtedness of the Company and each guarantor.
Deutsche Bank Securities Inc., BofA Securities, Inc., Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Citizens JMP Securities, LLC, Fifth Third Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., and Truist Securities, Inc. will act as joint book-running managers and Goldman Sachs & Co. LLC, PNC Capital Markets LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC will act as co-managers for the proposed offering.
Affiliate Industry
The Nomination Committee’s Proposal of Catena Media’s Board of Directors at the Annual General Meeting 2024
The Nomination Committee of Catena Media proposed re-election of the following members of the Board of Directors:
Øystein Engebretsen
Theodore Bergquist
Adam Krejcik
Sean Hurley
The Nomination Committee proposed that Erik Flinck and Dan Castillo be elected as new members of the Board of Directors.
Göran Blomberg, Esther Teixeira-Boucher and Austin Malcomb have declined re-election as board members.
The Nomination Committee proposed that there will be six (6) members of the Board of Directors, changed from seven (7).
The Nomination Committee also proposed Erik Flinck to be elected as Chairman of the Board of Directors.
Erik Flinck, born in 1980, currently provides high end business consulting combined with serving as Chairman for the digital health startup, dr HUD. Mr Flinck previously served as Head of BCG Sweden and has extensive experience from corporate management, growth and turnarounds from nearly 20 years of Management Consulting and serving as Head of Group Strategy and M&A at Sandvik AB. He has a Masters Degree in Engineering (Software development and Financial Mathematics) from the Royal Institute of Technology in Stockholm and a Masters Degree in Business and Administration from Stockholm University and Stockholm School of Business.
Born in 1980, Dan Castillo has accumulated over 20 years of experience across startups, growth companies and turnarounds. Since 2015, Castillo has invested in Catena Media, maintaining a close watch on its progression, especially after its IPO in 2016. He has previous experience of listed board work in Kotipizza which Orkla acquired in 2018. He currently serves on the boards of five companies in different sectors, including Quartr.com in Fintech and Hope Studios in movie production. His academic background includes studies in Finance and Economics at Linköping University.
The Nomination Committee of Catena Media consists of:
Nicklas Paulson, representing Investment AB Öresund (chair of the nomination committee)
Marianne Stenberg, representing Second Swedish National Pension Fund
Martin Zetterlund, representing Niklas Karlsson
Göran Blomberg, chairman of the board of Catena Media.
The post The Nomination Committee’s Proposal of Catena Media’s Board of Directors at the Annual General Meeting 2024 appeared first on European Gaming Industry News.
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