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INTRALOT’s Annual General Meeting 2021

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INTRALOT’s Annual General Meeting took place on Tuesday, June 29, 2021 presenting the corporate figures FY2020, the business developments, the Lock-up Agreement for the senior unsecured notes due 2021 and 2024, the Strategy and the growth opportunities following the completion of its capital restructuring and changes of the company’s operational model.

INTRALOT Group Chairman and CEO, Mr. Sokratis Kokkalis stated:
“Following extensive negotiations, the company has achieved a significant agreement to refinance its senior unsecured notes due 2021 and to deliver an important deleverage. This is a very important agreement, the successful completion of which, will enable INTRALOT to capitalize on business growth opportunities in the gaming technology industry, and especially in the USA. The main goal of the company for the achievement of the agreement with the bondholders, was to serve the interests of all stakeholders, including all groups of bondholders and shareholders.»

With reference to the announcement of June 28, 2021, Mr. Kokkalis said “With the interim loan facility agreement of €147.6 million and redemption announced yesterday, the participation limits are reached in order for the agreement with the bondholders to be executed in a consensual manner, without recoursing to court proceedings. The new loan to be issued by INTRALOT Inc., will be denominated in dollars and respectively adjusted interest rates to fully hedge the foreign exchange risk.»

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Referring to the business developments of the company, Mr. Kokkalis stated “Following our recent announcement, the Group’s results for the first quarter were extremely good and we expect that the results for the second quarter will be just as good and according to the business plan, giving INTRALOT the opportunity to strengthen its position in strategic markets through the utilization of its technology and experience in the gaming industry.

Our main priority is now our subsidiary in North America, which has brought the best results to the Group and participates in its debt restructuring, as well as the exploitation of opportunities in other developed markets where the Group has comparative advantages leveraging in our experience and new product portfolio.

Finally, I would like to thank our employees and all partners for their resilience and perseverance, in order to reach an agreement with the Bondholders.”

During the Annual General Meeting, the election of a new Board of Directors was approved, among others, with the election of two new members, Mrs. Adamantias Lazari and Mrs. Konstantina Xirokosta, the appointment of its independent members, the suitability policy of the members of the Board of Directors, as well as the formation, composition and tenure of the new Audit Committee

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Favbet × Spinner: An Exclusive Live Studio That Has Already Gained Recognition in Ukraine

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Ukraine now has its first full-fledged Ukrainian-language live product, created by local specialists for local players.
The format combines modern technology with national identity, turning gameplay into a space where native language is heard from the very first moment.

Favbet opened a new opportunity for the market in the live segment. Without waiting for audience demand, the company shaped it itself, introducing its own branded live studio powered by Spinner. This proactive step secured Favbet’s reputation as an innovator that sets standards and creates trends.

The project was entrusted to Spinner — a modern and ambitious B2B provider with Ukrainian DNA and technological expertise, capable of delivering a fully branded studio in the state language. The partnership united shared values, high standards, and a clear understanding that players choose content closest and most relatable to them.

The studio’s atmosphere reflects Ukrainian character and hospitality. Hosts communicate in a relaxed manner, respond in real time, keep conversations flowing, and add light humor. It is a place players come not only for the game but also for live interaction and a sense of community.

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Deep customization, Ukrainian-speaking hosts, and instant support create the comfort level every Favbet user deserves. Demand has grown so rapidly that in just one year the number of tables doubled from six to twelve.

Most importantly, these games are available exclusively on Favbet’s website and mobile applications.

Favbet × Spinner made Ukrainian the foundation and raised the quality bar to the level of global best practices.

PARTICIPATION IN GAMBLING CAN LEAD TO ADDICTION. PLEASE FOLLOW RESPONSIBLE GAMING PRINCIPLES.

License for online casino operations dated 20.04.2021 issued to LLC “BC Favbet” under CRGL Decision No. 137 of 05.04.2021 (as amended), and license for bookmaking operations dated 28.12.2022 issued to LLC “BC Favbet” under CRGL Decision No. 433 of 13.12.2022.

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Cubeia announces Cubeia Platinum Freeroll at SiGMA Poker Tour Malta

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Cubeia, a Sweden-based iGaming software solutions provider, is proud to announce the Cubeia Platinum Freeroll as part of the SiGMA Poker Tour in Malta. The exclusive live event takes place on Friday, 5 September at 9PM at the prestigious Portomaso Casino in St. Julian’s.

The tournament will deliver an electrifying poker experience in one of Europe’s leading gaming hubs. Over five nights, players can settle into the high-stakes action, complemented by elevated VIP experiences, world-class accommodation, and unmissable entertainment.

With a substantial €150,000 guaranteed prize pool up for grabs, the Tour will be a standout event during this year’s SiGMA Euro-Med Summit. As part of the tournament, Cubeia’s Platinum Freeroll gives Platinum badge holders special entry to take part in the action. With free entry, a €5,000 prize pool, and limited seating, this freeroll combines high stakes with a truly exclusive player field.

Whether a seasoned pro or a recreational enthusiast, the SiGMA Poker Tour and Cubeia Platinum Freeroll offers competitors the chance to showcase their skills, and immerse themselves in the ultimate poker atmosphere, amongst the global iGaming movers and shakers.

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Cubeia’s Head of Poker Simon Isbäck commented: “It’s a privilege to team up with SiGMA to host the Cubeia Platinum Freeroll at the SiGMA Poker Tour. Every opportunity we have to showcase our passion for poker is one we go all in for. Giving Platinum badge holders entry to the exclusive chance to experience live tournaments at one of Europe’s most iconic casinos – certainly not one to fold on!”

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Embrace Your Inner Maverick in Hacker’s Haven

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No soft launch. No warnings. Hacker’s Haven is here

DEGEN Studios is live, and we’re not here to play safe. Introducing our debut slot, Hacker’s Haven. You’re not a player, you’re a disruptor. It’s time to plug in, jack up, and start hacking.

Now live through Yggdrasil’s distribution network, Hacker’s Haven offers exhilarating features, huge wins of up to 20,000x your stake, and a real-world inspired design.

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Join a mysterious Hacker as he works his magic across the reels. Utilise an arsenal of digital tricks, including Multiplier Wilds, Cascade-triggering Virus symbols, and innovative Free Spins to secure huge wins.

The Hacker is not just a character. He’s one of you. A real-player reimagined on the reels. He embodies everything we stand for: disruption, defiance, and rebellion. This is not just a game. It’s an invitation. A rallying cry for players to embrace their inner maverick and help DEGEN Studios change the game.

DEGEN Studios said: ‘Hacker’s Haven is not just our debut slot, it’s a warning shot. We didn’t come here to follow trends; we came to break them. Our games are ‘built by gamers, for gamers’, and this commitment is on full display in Hacker’s Haven.

“Brace yourselves. This is just the beginning.”

The post Embrace Your Inner Maverick in Hacker’s Haven appeared first on European Gaming Industry News.

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