Industry News
Catena Media to Launch New Share Buyback Programme
Catena Media’s board of directors has resolved on a new share buyback programme based on the authorisation from the extraordinary general meeting on 12 July 2023, following an initial resolution at the annual general meeting on 24 May 2023.
The new share buyback programme will be managed by an investment firm or credit institution that will make its trading decisions concerning the timing of the share buybacks independently of Catena Media.
The purpose of the buyback programme is to deliver shareholder value and to optimise the capital structure of the company by reducing the company’s share capital. It is the company’s intention to reduce the company’s share capital through subsequent cancellation of repurchased shares.
The share buyback programme will be implemented in accordance with the Maltese Companies Act, the EU Market Abuse Regulation (EU No. 596/2014) (MAR), and the Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation) and the applicable rules of Nasdaq’s Nordic Main Market Rulebook for Issuers of Shares.
According to the board’s resolution, any acquisition of own shares will be made on Nasdaq Stockholm in accordance with Nasdaq Stockholm’s Rule Book for Issuers and the following terms and conditions:
- Acquisitions of shares may be made on one or several occasions up until and including 31 December 2023.
- The maximum amount for which shares may be bought back is SEK 55 million.
- Shares may be repurchased to the extent that Catena Media’s holdings of its own shares do not exceed 10% of the total issued share capital, and the maximum number of shares repurchased during the programme may not exceed 7,203,534 shares.
- Shares may only be repurchased at a price within the price interval recorded on Nasdaq Stockholm, meaning the interval between the highest buying price and the lowest selling price.
- Payment for the shares will be made in cash.
The company holds 614,193, or 0.8%, of its own ordinary shares. The company has 78,769,812 outstanding shares.
Industry News
Clarion Gaming and ExCeL London plan for the migration of iGB L!VE 2025 to the heart of igaming
Clarion Gaming is advancing preparations for the migration of iGB L!VE to London in July 2025 establishing a roadmap of activities in partnership with the senior team at ExCeL London which will host the leading global event.
The latest meeting between the two organisations featured:
- iGB L!VE Portfolio Director Naomi Barton,
- Clarion Gaming Managing Director Stuart Hunter,
- Head of Operations Richard Logan and
- Head of Marketing Jody Frost with the senior team from ExCeL led by the venue’s
- Chief Commercial Officer Simon Mills.
Expanding on the meeting Naomi Barton said: “This was the second senior level planning meeting that we have held with our colleagues at ExCeL London in order to move the home of the igaming community to a city which is the heart of the igaming industry in a country which is igaming’s largest market.
“The roadmap is being created in order to anticipate industry needs, address pain points and to exceed the expectations of customers. The migration of what is already a top performing Tier One igaming event is set against the backdrop of iGB L!VE’s 5-year growth plan which is focused on delivering 35,000 visitors and over 550 exhibitors and sponsors by 2029.
“Our vision is to harness the tremendous momentum created by the iGB L!VE brand and to take the event to a whole new level in a new venue, and a new exceptionally well-connected global home in the city of London.
“ExCeL London has a fantastic track record of helping events to fulfil their potential, and all of the building blocks are in place for iGB L!VE and its customers to accelerate their businesses to new heights in London.
She added: “Placing our customers at the heart of everything that we do is central plank to the iGB L!VE growth strategy, and the roadmap for 2025 is underpinned by a clear customer-focused programme that will ensure maximum cost-effectiveness as well as global growth for all of our stakeholders.
“We will be using July’s edition of iGB L!VE not only to reflect and celebrate our time in Amsterdam and say thank you to our fantastic partners for many years RAI Amsterdam, but also enable our vendors and customers to secure their presence at ExCeL London in 2025.”
The post Clarion Gaming and ExCeL London plan for the migration of iGB L!VE 2025 to the heart of igaming appeared first on European Gaming Industry News.
Seminole Gaming / Hard Rock International have been selected as a US Best Managed company for the fourth consecutive year. The award, sponsored by Deloitte Private and The Wall Street Journal, recognizes the achievements of U.S. private companies and the successes of their management teams.
“We are proud to be selected a US Best Managed Company in this prestigious program for the fourth year in a row. This is continued recognition for our leaders and team members around the world who create a great place to work and build a career, while providing a memorable guest experience across Hard Rock and Seminole Hard Rock casinos, hotels, resorts, cafes and Rock Shops,” Jim Allen, Chairman of Hard Rock International and CEO of Seminole Gaming, said.
US Best Managed Companies is part of a global Deloitte Private program. Honorees are selected by an external panel of judges who evaluate applicants based on strategy, ability to execute, culture, governance, and financial performance. They join an ecosystem of organizations from more than 44 countries.
1spin4win, a renowned provider of online casino games, announced the launch of its new network promotion, “Treasure Hunt”. Set to run from June 1 to 9, 2024, this thrilling event invites players on an enchanting adventure across 11 captivating games, with a total prize pool of €20,000 waiting to be claimed.
The nine-day “Treasure Hunt” promotion is designed to significantly enhance player interest and engagement, boost GGR and betting volume, and elevate the brand image of participating online casinos. Players will have the chance to win one of 515 randomly awarded cash prizes, adding an extra layer of excitement to their gaming experience.
Each bet placed during the promotion can result in a maximum of one prize, with no limit on the number of prizes a player can win. Notably, all prizes are deducted from the GGR prior to invoicing, ensuring a smooth and transparent process for operators.
The “Treasure Hunt” promotion features a stellar lineup of participating games, including Sun Treasure, Lucky Robbery, Cash the Gold Hold and Win, Cash the Gold, Mega Cash the Gold, Hold the Gold, Book of Corsairs, Lucky Jane & Aztec Book, Lucky Jane in Egypt, Lucky Gold Miner and Dolphin’s Wealth.
To cater to a global audience, all participating titles support 16 fiat and cryptocurrencies, including EUR, USD, BTC, ETH, LTC and USDT.
The post 1spin4win Unveils “Treasure Hunt” Network Promotion for Online Casinos appeared first on European Gaming Industry News.
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