Connect with us
Atlaslive - robust, scalable, and reliable igaming platform

Latest News

FDJ Brings Forward the Expiry of the Acceptance Period of its Offer on Kindred to 2 October After Having Obtained All Necessary Regulatory Approvals

Published

on

Reading Time: 2 minutes

 

La Française des Jeux (FDJ) has brought forward the expiry of the acceptance period of its offer on Kindred to 2 October, after having obtained all necessary regulatory approvals.

On 22 January 2024, FDJ, announced a recommended public offer to the holders of Swedish Depository Receipts (the SDRs) in Kindred Group plc to tender all their SDRs in Kindred at a price of SEK 130 in cash per SDR (the Offer). An offer document relating to the Offer was published on 19 February 2024 and supplements to the offer document were made public 25 April 2024 and 25 July 2024.

FDJ announced that it has obtained final approval from the French Competition Authority to complete the Offer.

The definitive clearance of the acquisition of Kindred by the French Competition Authority was the last regulatory condition required for the completion of the Offer. Thus, having obtained all necessary regulatory clearances, approvals and decisions, FDJ has decided to bring forward the expiry of the acceptance period of the Offer to 17.00 CEST on 2 October 2024 (from the initial date of 19 November 2024).

Completion of the Offer remains subject to other conditions, notably it being accepted to such an extent that FDJ becomes the owner of more than 90% of the total number of shares in Kindred (on a fully diluted basis):

• To date, five shareholders (Corvex Management LP, Premier Investissement SAS, Eminence Capital, Nordea and Veralda), representing 26.72% of Kindred’s outstanding Swedish depository receipts, have made an irrevocable commitment to tender their SDRs to the offer.
• In addition, FDJ acquired 1.11% of Kindred’s outstanding SDRs directly from Veralda in March.

FDJ will announce the result of the Offer on or around 3 October 2024 at the close of the market. If the Offer is completed, settlement and delivery for Kindred shareholders who tender their SDRs will take place on or around 11 October 2024.

The post FDJ Brings Forward the Expiry of the Acceptance Period of its Offer on Kindred to 2 October After Having Obtained All Necessary Regulatory Approvals appeared first on European Gaming Industry News.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Latest News

PG Soft releases games verification tool to ensure authentic player experiences

Published

on

Reading Time: < 1 minute

 

PG Soft, a world-class digital mobile games company, is proud to announce the launch of its new games verification tool. This robust system has been designed to enable players to quickly verify the authenticity of any PG Soft title to confirm they are playing the genuine, certified content.

Before all PG Soft games reach the market, they must go through rigorous dual certification and testing by leading authorities BMM and GA. Each RNG algorithm, game mathematics, and set of rules is tested to meet the highest industry standards for fairness and integrity.

The PG Soft verification tool is intuitive to use and available through the casino lobby. Players just need to click the “Accept” button to verify their Transaction ID, select the matching ID, and click “Verify.” A confirmation screen will then appear to confirm that the verification is successful. If players are not automatically redirected to the browser, they can copy the verification link.

This new tool follows PG Soft’s recent commitment to safe and regulated gaming by officially joining Brazil’s National Association of Games and Lotteries (ANJL).

PG Soft’s spokesperson said: “The introduction of this new verification tool further solidifies PG Soft’s dedication to maintaining the highest standards of protection and security for players. The verification tool consolidates our company’s commitment to providing a safe and regulated gaming experience.”

The post PG Soft releases games verification tool to ensure authentic player experiences appeared first on European Gaming Industry News.

Continue Reading

Latest News

How to survive a crisis? Slotegrator’s tips on business continuity and disaster recovery

Published

on

Reading Time: 2 minutes

 

In pursuit of online casino success, operators do their best to provide players with the most interesting products and services, promote their business, analyze the revenue, grow traffic, and implement many other business development methods. Operators create marketing and plans to follow. However there is another important plan we often ignore — business continuity plan.

The iGaming business is vulnerable: it’s usually a large-scale venture, the risks are huge, and the number of potential threats is high. Starting from legal risks if the regulation changes or the market closes, to the cyber attack risks due to lack of security measures. Almost anything can go wrong and ruin a business that was built for years and took a lot of investment.

Slotegrator released a downloadable material describing what can potentially go wrong and how to make your business ready for it. Having a plan is crucial in this matter because improvising when an emergency occurs is a bad idea. What will you do if your regulator bans all forms of gambling advertising? Who will be responsible if the platform fails and the online casino stops functioning properly? How will you analyze the huge amount of data from your platform to detect a mistake? There must be a specific and very detailed plan of actions. Every minute of not accepting payments or not registering new players is an enormous loss for a casino operator, that’s why it’s so important to have your business continuously working without interruptions.

Some problems that may look less serious can cause big difficulties for businesses as well. For instance, Slotegrator talked to William Sarto, PR & Marketing Specialist at CasinoRIX, and got a few tips to help safeguard business during Google’s regular updates. Sarto points out several key advice: “Don’t rely on just one GEO; make sure you’re running projects across multiple countries. Don’t stick to just one vertical. For example, run projects in both the casino and betting sectors. This way, if one gets hit, you’ll have others to offset the impact.

 Use a variety of strategies to promote your projects. If one takes a hit, others can grow or stay steady, giving you time to bounce back. Don’t rely solely on SEO for traffic—explore other channels to diversify your sources.”

Having said that, business continuity solution includes two main strategies. The first is to try to prevent the crisis and make your business less vulnerable to external events, and the second is a plan of actions to deal with a crisis and return to normal operation after it passes.

“We all know that being aware of potential risks is already a first step in preventing them. Problems that business face are various, especially in the iGaming industry, but knowing what can happen, learning from experiences gained before, and having a recovery plan can save many starting companies,” says Svetlana Kirichenko, Head of Marketing at Slotegrator.

Learn more about business continuity and disaster recovery from a new material from Slotegrator and contact their team in case of additional questions.

The post How to survive a crisis? Slotegrator’s tips on business continuity and disaster recovery appeared first on European Gaming Industry News.

Continue Reading

Latest News

QTech Games wins Online Casino Provider of the Year at SPiCE Awards

Published

on

Reading Time: < 1 minute

QTech Games, the leading game distributor for all emerging markets, has won the Online Casino Provider award at the annual SPiCE Philippines Awards 2024 in Cebu.

The Online Casino Provider of the Year celebrates the supplier or platform which has created or corralled the most innovative casino games tailored for the Asian igaming industry over the past 12 months. And QTech Games was again chosen by the judges to have superseded and surpassed an array of proven performers in this category, fending off strong competition from other leading lights, including international powerhouses and local champions.

This sought-after award is perennially given to the best overall online casino provider in the Asia space and is awarded at a coveted ceremony held at the Shangri-La Mactan. This Awards Gala forms part of a wider must-attend conference that showcases a dynamic mix of panel discussions, masterclasses and networking events which bring together sectoral leaders and pioneers in the Southeast Asian gaming and entertainment landscape.

More broadly, the SPiCE Philippines Awards judging panel voted on some of the most consequential categories of igaming activity, denoting progressive domains that are shaping the industry’s future across the region.

QTech Games’ CEO, Philip Doftvik, said: “We’re naturally delighted to have walked off with another flagship award for the best digital casino provider – and we’ve also been promoting QTech Hybrid, our breakthrough retail solution, to great effect at the Shangri-La Mactan. It’s already been a great week.

“This win is a glowing tribute to our sedulous team at QTech Games, and to the constantly growing group of innovative suppliers that our platform represents. It’s a truly collaborative effort. We remain committed to rolling out high-quality content that drives revenue for our worldwide partners – from Asia to Africa, and Eastern Europe to LatAm.”

The post QTech Games wins Online Casino Provider of the Year at SPiCE Awards appeared first on European Gaming Industry News.

Continue Reading
Advertisement

EveryMatrix

Advertisement

Facebook

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.