search.noResults

search.searching

saml.title
dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
Wire EMEA


Codere Credit Plan is Approved


First quarter revenues fell 54.3 per cent to €127.2m as Spanish operator Codere confirmed its creditors have green-lit proposals to take control of the business.


Codere’s EBITDA came in at €3.5m, down a huge 92.7 per cent with an overall loss of €91.5m.


SPAIN OPERATIONS


Lithuania - Ban upon all gambling advertising Lithuania’s government has voted to ban all forms of gambling advertising and promotions, including offering fee chips, gifts or discounts.


Virginijus Dauksys, Director of the Gaming Control Authority, said it had received many complaints concerning gambling companies not fulfilling their obligations and did not deliver on their promises made while inviting people to gamble. However, Mantas Zakarka, of Lithuania’s National Gambling and Gaming Business Association, warned that a ban would prevent new operators from entering Lithuania and would simply drive players towards the grey market.


A survey carried out by the country’s Gambling Supervisory Authority in November showed 76 of respondents said gambling advertising should be scaled back with 47 per cent saying they had been exposed to gambling ads. 52 per cent wanted an outright ban, with 22 per cent wanting just lottery advertising banned.


UK - Blueprint appoint Reedijk Blueprint Gaming has appointed Annemarie Reedijk to its senior account management team. Reedijk brings a wealth of industry experience to her new role, which


will prove pivotal in the company’s ambitions to grow its presence across new markets around the world.


France - JOA opens 33rd casino in France French casino group JOA has opened its 33rd casino with the debut of the Saint-Laurent en Grandvaux in the Jura region of Eastern France. This is the second casino in the region for the group who bought the venue in Lons le Saunier from Emerald.


JOA describes the property as a 'new generation' casino whose architecture integrates into the natural setting and embodies the brand's ambition to change the way people see the world of casinos. Located in the heart of the Haut Jura Regional Natural Park and close to Switzerland, the new JOA casino offers a diversified leisure experience. The Lyon group has invested €8.5m in 2,500sq.m property, which will initially offer 75 slots comprising 62 video reels, seven traditional reels and six video poker machines. 16 machines are installed on an outdoor terrace intended for smokers. For electronic games, 10 English Roulette stations and seven Black Jack stations have been installed. For traditional games, there will be two Black Jack tables offered to players from June 9 with 50 per cent of the floor space dedicated to non-gaming.


Despite the opening, the number of casinos in France has remained at 202 with the casino in Saint-Galmier in Loire, closing on the same day.


P8 WIRE / PULSE / INSIGHT / REPORTS


Restrictive measures adopted in many countries in response to the health crisis has hampered Codere’s business throughout the quarter with new closures in Mexico, Argentina and Panama. Codere’s businesses in Italy, its biggest earning market, were closed for the entire quarter, with revenue coming in at €60.2m. Spain, the second biggest earner, fell 34.3 per cent to €26.6m.


Revenues in Mexico were drastically down, slumping by 63.5 per cent to €22.1m. A similar fall was felt in Panama where revenue fell by 60.1 per cent, whilst Argentina fell by 41.4 per cent. Codere said: “Te group’s business continues to be affected by the impact of the pandemic, which continues to be severe in many of the countries where the company operates. Te decline in income could not be fully balanced by the decrease in operating expenses, despite the significant measures for efficiency and cost savings.”


Shareholders were able to confirm the restructuring agreement reached with the group's creditors, which implies an additional contribution of liquidity of €225m and the capitalisation of up to €360m of debt. Te remaining debt matures until September 2026 and November 2027.


Codere said: “Te entry of the new funds will be given through a bridge loan of €100m of which €30m was contributed after the restructuring


announcement last April and €70m will be provided after obtaining the adhesion of 75 per cent of the bondholders, and up to an additional €125m granted through super senior bonds that will be provided at the end of the restructuring process, which is expected to take place at the beginning of the fourth quarter of the year.


“With this process Codere considers, based on current estimates that the viability of the company is ensured, thanks to the trust of its bondholders in the prospects of the group, in its management team and in the more than 10,000 that make up the organisation,” it added.


“It will be then, with the culmination of this restructuring process, when a new head of the group will be created, through which the creditors of the existing senior guaranteed bonds will have 95 per cent of the share capital and the current shareholders five per cent obtaining warrants that grant them the right to receive up to 15 per cent of a valuation of over €220m in a possible liquidity event within 10 years.


“Te company plans to request the liquidation of Codere SA, a process that would allow its current shareholders to have stakes in the capital of the new head of the group or, optionally, an economic compensation that would result from the sale of the proportional part of their actions.”


UK Pronet Gaming platform extends Tenlot’s reach


Pronet Gaming has signed a strategic agreement with Tenlot Group which will see its platform made available to major lottery suppliers. Te strategic agreement will give Tenlot Group’s lotteries around the world, including World Lottery Association (WLA) members, the opportunity to utilise Pronet Gaming’s turnkey omni-channel solution. It marks a significant milestone for Pronet Gaming, which is expanding in a number of emerging markets, being the first such agreement with a dedicated national and regional lotteries operator as well as respectable charity organisations.


Bobby Longhurst, Pronet Gaming’s CCO, said: “TENLOT is a major name in both lottery and the jurisdictions we are targeting and


this agreement underscores the appeal of our tailored approach to partnerships and technology. It is a strategic deal that will lead to a number of opportunities on our journey to become the platform provider sought out by the industry’s most reputable brands.”


Yossi Abadi, TENLOT’s CEO, said: “We are pleased to welcome Pronet Gaming to the TENLOT family, opening new markets and opportunities for their innovative platform, while expanding Tenlot Group’s offerings to our valued operating partners in global markets. Trough this partnership, Tenlot Group will enhance customer experience and entertainment, while expanding our contribution to development projects in these markets as part of our social mission.”


Austria


SoftSwiss Sportsbook has launched two new brands, Oshi and Arlekincasino. Te brands have become the company's fifth and sixth respectively following its sportsbook’s official launch in December 2020. New client Oshi is a returning customer and has been working with SoftSwiss since 2016, while Arlekincasino is a developing casino brand. Both clients gains access to SoftSwiss’ sports betting platform offering 10,000 live events with over 70 sports and 1,200 markets. Te agreement includes newly- added features: Quickbet, Betbuilder, Cashout, Maxbet, as well as six types of odds for European, British, American, Hong Kong, Indonesian and Malaysian bettors.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148  |  Page 149  |  Page 150  |  Page 151  |  Page 152  |  Page 153  |  Page 154  |  Page 155  |  Page 156  |  Page 157  |  Page 158  |  Page 159  |  Page 160  |  Page 161  |  Page 162  |  Page 163  |  Page 164  |  Page 165  |  Page 166  |  Page 167  |  Page 168  |  Page 169  |  Page 170  |  Page 171  |  Page 172  |  Page 173  |  Page 174  |  Page 175  |  Page 176  |  Page 177  |  Page 178  |  Page 179  |  Page 180