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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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Gaming Corps games suite to roll out with betPawa, which operates in 12 African countries

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Gaming Corps – a publicly-listed game development company based in Sweden – is to bring its premium games suite to more players across Africa after agreeing a partnership with betPawa.

More than 10 million Africans trust and use betPawa as their betting brand of choice, with the operator currently active in 12 countries across the continent. betPawa is on a mission to make betting friendly by providing 24-hour customer support, a user-friendly platform, the lowest minimum stakes and guaranteed and instant payments.

Players at betPawa will be able to enjoy Gaming Corps’ full portfolio of Crash, Mine, Table and Slot titles, as well as a certified Plinko. This will include recent smash hits such as RAMPAGE, Piggy Smash and Raging Zeus Mines, along with Gaming Corps’ renowned games series such as Jet Lucky and Coin Miner.

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Gaming Corps is now able to offer more value to players following the launch of its Smash4Cash™ mechanic, which is designed to make the game experience even more unique and bring an even greater chance for players to make the most of bonus rounds.

Mats Lundin, Gaming Corps’ Director of Sales, said: “We are delighted to partner with betPawa; an operator that has established a reputation as a successful and trusted betting brand across Africa.

“This is a fantastic opportunity for us to bring our thrilling games to many more players across the continent, and I look forward to offering even more magnificent games to betPawa’s players as we continue to strengthen our portfolio. Our Smash4Cash™ mechanic is already helping us produce games full of even more excitement, and I’m sure that trend will continue.”

Spencer Okach betPawa said: “This partnership with Gaming Corps will allow us to further strengthen our casino offering, and we are very excited to give our players the chance to make the most of Gaming Corps’ first-class games suite.

“We are always looking for ways to make the gaming experience with betPawa even more memorable, and I’m sure Gaming Corps’ ever-expanding list of games will help us do that.”

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The post Gaming Corps games suite to roll out with betPawa, which operates in 12 African countries appeared first on European Gaming Industry News.

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UK risks losing safer gambling leadership position – warns BetBlocker.org chief of partnerships

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Pedro Romero, chief of partnerships at safer gambling software provider BetBlocker.org has highlighted the sense of insecurity among Research, Education and Treatment organisations arising from the publication of the UK Government’s White Paper on gambling reform.

Speaking following February’s edition of ICE where BetBlocker and US-based International Centre for Responsible Gambling (ICRG), shared a £41,000 pool which was provided by leading brands Light and Wonder, Flutter, Betsson Group, IGT, Novomatic, Neccton and Playtech Pedro Romero noted: “The main talking points at ICE 2024, particularly in relation to safer gambling, revolved around the publication of the White Paper which has caused so much anxiety.

“It’s concerning that many in the third sector feel alienated from critical conversations about the future of safer gambling and harm minimisation.

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“The potential implications of this disconnect are significant, not just for the individuals and communities we serve, but for the UK’s reputation in the field.

“We must find a way to bridge this gap and work together to address the challenges ahead. Otherwise, I fear the UK risks losing its leadership position in advancing safer gambling practices.”

Regarding the £20,500 donation which was presented at ICE he added: “We have earmarked these funds with a dual purpose in mind. Primarily, it will assist with our running costs, which as a small charity is crucial for the sustainability of our operations.

“Additionally, we are excited about a very special project that we’re planning for ICE 2025 in Barcelona. Without giving too much away, it’s a development that aims to pay tribute to both Clarion and the city of Barcelona. We believe it will make a significant impact and we look forward to unveiling it.”

Romero spoke positively about the relocation to Barcelona stating: “ICE 2024 served as a fantastic farewell to London, marking the end of an era and the beginning of a new chapter in Barcelona.

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“While there’s a certain sadness in leaving a city that has been such a great host, the move to Barcelona is an exciting development. It represents a fresh opportunity for ICE to be the global gaming hub in a vibrant, dynamic city. We are very much looking forward to what the future holds in this new location.”

 

The post UK risks losing safer gambling leadership position – warns BetBlocker.org chief of partnerships appeared first on European Gaming Industry News.

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The MeridianBet – Golden Matrix Transaction Secures Approval at GMGI Shareholder Assembly

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The MeridianBet Group, Southeast Europe’s leading Business-to-Consumer (B2C) sports betting and gaming group, operating in multiple markets across Europe, Africa and Latin America, announced that the shareholders of Golden Matrix Group (GMG), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, have voted to approve the acquisition of MeridianBet.

Commenting on the merger Zoran Milosevic, Chief Executive Officer of MeridianBet Group, said: “Today marks a major milestone for MeridianBet and I am thrilled that the shareholders of Golden Matrix have overwhelmingly voted in favor of the acquisition of MeridianBet. By joining forces, we are not only expanding our reach but enhancing our ability to provide customers with a diverse and comprehensive offering whilst creating a leading global betting group. I look forward to announcing the completion of the deal in due course.”

The post The MeridianBet – Golden Matrix Transaction Secures Approval at GMGI Shareholder Assembly appeared first on European Gaming Industry News.

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