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GAMING CORPS CARRIES OUT A DIRECTED SHARE ISSUE OF SEK 10 MILLION TO SVEA BANK

Published

12 months ago

December 14, 2022

Reading Time: 3 minutes

The Board of Directors of Gaming Corps AB has resolved to carry out a new issue of 4,000,000 shares at a subscription price of SEK 2.50 per share, corresponding to issue proceeds of SEK 10 million, to Svea Bank AB (the “Directed Issue”). The Directed Issue is carried out with a deviation from the shareholders’ preferential right and with the support of the authorization from the annual general meeting on 28 June 2022. The subscription price has been determined by the Board of Directors of the Company and corresponds to a [premium] of approximately 7,8 percent calculated on a volume-weighted average share price (VWAP) during the last 20 trading days, up to and including 12 December 2022.

” I would like to take this opportunity to thank SVEA BANK AB on behalf of the management for this investment, especially when the market situation looks as it does with uncertainties in several areas, not least in the listed environment. We have several ongoing game certifications and game titles in development, in addition to several new approvals in regulated markets where we engage local legal advisors for the processes. Here we are anxiously awaiting the opinion from each market for me to be able to notify you, our shareholders”, says Juha Kauppinen, CEO.

” The Board of Directors has been working for some time to find the most favorable financing solution for the shareholders and the Company. With the current market situation, we have seen that the conditions for raising capital have been very costly and directly harmful to the company and the shareholders. By adding capital through SVEA BANK’s investment, we strengthen our cash position and give the company greater financial flexibility, which gives us a good basis for future investments in the business”, comments Claes Tellman, Chairman of the Board of Gaming Corps.

THE DIRECTED ISSUE
The Board of Directors of Gaming Corps has today, on 13 December 2022, resolved on a new issue of 4,000,000 shares with deviation from the existing shareholders’ preferential rights and with support from the authorization given at the annual general meeting on 28 2022. The subscription price for the shares in the Directed Issue has been determined by the Board of Directors at SEK 2.50 per share and will be paid in cash. The subscription price corresponds to a [premium] of approximately 7,8 percent calculated on the basis of a volume-weighted average price (WVAP) per trading day for the Company’s share on Nasdaq First North Growth Market during the last 20 trading days up to and including 12 December 2022. The Directed Issue has been subscribed by Svea Bank AB and will provide the Company with issue proceeds of SEK 10 million.

CHANGES IN SHARE CAPITAL, SHARES AND VOTES AND DILUTION
The Directed Issue results in an increase of the Company’s share capital by a maximum of SEK 200,000.01, from SEK 2,707,625.06 to SEK 2,907,625.07. The number of shares and votes will increase by a total of 4,000,000, from 54,152,501 to 58,152,501. The execution of the Directed Issue results in a dilution of approximately 6.88 percent for existing shareholders in relation to the total number of outstanding shares and votes in the Company.

DEVIATION FROM SHAREHOLDER PREFERENTIAL RIGHTS
The rationale of the Directed Issue and the reason for the deviation from the shareholders’ preferential rights is to carry out a capital raise in a time- and cost-effective manner. The Board of Directors has evaluated the possibility of carrying out a preferential rights issue in first hand. The Company has weighed the advantages and disadvantages of a preferential rights issue in comparison to a directed share issue and concluded that a preferential rights issue (i) would be significantly more time-consuming, which could risk the Company missing out on potential growth opportunities, (ii) would lead to significantly higher costs for the Company, mainly attributable to procurement of a guarantee consortium and legal costs, (iii) would expose the Company to higher market volatility, especially given current market conditions, and (iv) would likely have had to be implemented at a lower subscription price (with a discount instead of a [premium]) and would result in a higher dilution effect, which would have been negative to all shareholders. In addition, the Board of Directors considers it positive that the institutional ownership in the Company is strengthened through the Directed Issue. The Board of Director’s overall assessment is thus that the reasons for carrying out the Directed Issue in this manner, and in this specific situation, outweigh the reasons that justify the main rule of issuing shares with preferential rights for existing shareholders, and that a new share issue with a deviation from the shareholders’ preferential rights is thus in the best interest of the Company and all shareholders.

ADVISOR
Baker McKenzie is the Company’s legal advisor in the Directed Issue.

eSports

UNITED KINGDOM TO HOST 2024 PUBG MOBILE GLOBAL CHAMPIONSHIP

Published

1 day ago

December 8, 2023

George Miller

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Reading Time: < 1 minute

PUBG MOBILE Esports is thrilled to announce that the 2024 PUBG MOBILE Global Championship (PMGC) will be held in the UK, taking place live next December with a $3 million prize pool. The first time a major PUBG MOBILE event has been hosted in the UK, this tournament will bring local fans a unique opportunity to see the very best skill that the world has to offer. This news comes ahead of this year’s 2023 PUBG MOBILE Grand Finals in Istanbul.

James Yang, Senior Director of PUBG MOBILE Global Esports, announced the news during the opening ceremony of the 2023 PMGC Grand Finals, with the exact UK location to be revealed at a later date. This is the first time a major PUBG MOBILE event has been held in the country and the first in Western Europe since 2018.

The highlight of the PUBG MOBILE Esports calendar, the PMGC brings together dozens of teams from around the world to compete in the ultimate showcase of talent. This year’s Grand Finals are taking place this weekend in Istanbul, Türkiye, where the final sixteen teams remaining in the competition will battle it out to become PUBG MOBILE World Champion.

Joining next year’s PMGC in the top tier of PUBG MOBILE Esports events, as well as next year’s midseason tournament in Riyadh, Saudi Arabia, is the PUBG MOBILE Global Open (PMGO), which will take place in Brazil throughout March and April 2024 and feature a $500,000 prize pool.

Asheville

New Year’s Eve at Harrah’s Cherokee Casino Resort and Harrah’s Cherokee Valley River Casino and Hotel

Published

1 day ago

December 8, 2023

GamingAmericas.com

new-year’s-eve-at-harrah’s-cherokee-casino-resort-and-harrah’s-cherokee-valley-river-casino-and-hotel

Meet Us At Midnight at Harrah’s Cherokee Casino Resort in Cherokee, North Carolina, and Harrah’s Cherokee Valley River Casino and Hotel in Murphy, North Carolina, to start the new year in style.

With various exciting ways to enter 2024, Harrah’s Cherokee Casinos offer the ideal holiday experience all within driving distance of Knoxville, Chattanooga, Atlanta and Asheville.

Harrah’s Cherokee Casino Resort

Spin to Win: Chance to Win a Million – On December 31, 2023, drawings will be held hourly from noon to 4pm at Myst Bar for five lucky guests to win up to 12,600 in free play or $1,000,000 in cash.
New Year’s Eve Party at Wicked Weed Brewpub – Wicked Weed will host a New Year’s party with live music from 6pm to 2am from Kayla McKinney and late-night DJ Burr, food and drink, midnight ball drop, dancing and more.
Comedy Zone – Start the new year off laughing with comedian Kevin Lee at a 7pm or 10pm comedy show. The second show ends just before midnight, so stick around for a New Year’s Eve countdown and toast. Purchase tickets at CherokeeComedyZone .com.
Myst Bar – Snag your New Year’s Eve VIP package at Myst Bar. Packages include a bottle of champagne, front row seats to live entertainment at Myst Bar and party favors. Reservation link coming soon.
Party Like a VIP – At a special rate of $1,299, guests will receive a guaranteed hotel room on December 31 at the resort plus entrance to the VIP party complete with an open bar, live entertainment, buffet and giveaway items. Use group code NYE2023 online.
New Year’s Eve Giveaways – To help ring in the New Year, stop by Myst Bar to receive a free festive necklace or hat.
Live Entertainment at The Cherokee – Enjoy live entertainment from pianist at The Cherokee hotel lobby from 2pm to 6pm then head over to Guy Fieri’s Bar for ‘off da hook’ drinks and beats from the DJ until 12am.

Harrah’s Cherokee Valley River Casino and Hotel

Roll Into a Million – January 1, 2024, drawings will be held hourly from 11am to 4pm at the promotions stage for six lucky guests to win up to 12,000 in free play or $1,000,000 in cash.
New Year’s Eve Entertainment – New Year’s Eve, enjoy an indoor light show from 2 pm to 1am along with live entertainment at the promotions stage from DJ Do It (2pm to 10pm) and Whiskey Rose Band (10pm to 12am).
New Year’s Eve Giveaways – Prepare for the party on New Year’s Eve with a free necklace and hats available at Caesars Rewards and Starbucks.
Specialty Cocktail – ‘Midnight Fizz’ featuring vodka, razzmatazz, blue curacao and starry available at casino floor bars.

Start 2024 with some fun by kicking off the New Year at Harrah’s Cherokee Casino Resort and Harrah’s Cherokee Valley River Casino and Hotel.

Blaze

Blaze Roulette Chosen for Casino Barriere Montreux’s GAMRFIRST Live Online Casino

Published

1 day ago

December 8, 2023

GamingAmericas.com

blaze-roulette-chosen-for-casino-barriere-montreux’s-gamrfirst-live-online-casino

Recently installed at the beginning of November, TCSJOHNHUXLEY is proud to have been chosen to supply a Saturn Roulette wheel, Ora Grande display and its unique Blaze Roulette for Casino Barriere Montreux’s first online live casino games. With stunning in-game animations as well as illuminating winning bets and pay-outs, Blaze technology gives players both in the land-based casino and online the chance to experience the thrill of the live game.

First launched at the beginning of 2022, Groupe Barriere’s GAMRFIRST online casino platform offers Swiss residents the chance to discover a fun, high-end, responsible gaming experience along with excellent customer service and a live chat facility available seven days a week, operated by multi-lingual advisors speaking the country’s three official languages.

“We are delighted to be featuring Blaze Roulette as our first step to bring online our land-based casino experience,” the Director of GAMRFIRST, Clement Govinda, said. “The high impact animations add to the excitement of the game along with the ease of players seeing winning bets and payouts illuminated, making the whole experience enjoyable and seamless.”

“We are very proud to be part of this innovative experience and would like to thank the Groupe Barriere head office and Casino de Montreux for their trust in our table games products and our team,” the United Kingdom and Europe Managing Director for TCSJOHNHUXLEY, Nicci Smith, said. “We wish this venture every success.”

As the industry’s only patented table technology to illuminate custom video animations through the layout, Blaze Roulette features eye-catching energy efficient LED lights fitted below the surface of the gaming table that display unique ‘attract sequences’ and custom-themed animations while also highlighting winning numbers and pay-outs.

Also featuring baccarat, sicbo, Money Wheel and craps, the Blaze range has proven to be an exciting addition to any gaming floor and has been adopted extensively throughout the global live gaming market.

In combination with the industry leading Saturn Roulette wheel and Ora Grande winning number display, the Blaze product suite not only provides stunning graphics but it also increases security on the casino floor and assists dealers with game accuracy. Players and gaming staff instantly benefit from seeing winning numbers clearly highlighted and, with the improved visibility of these sections, pit bosses and security staff can easily monitor game procedures from a distance.