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Gaming Innovation Group successfully issues subsequent senior secured bonds of EUR 15 million

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Reference is made to the announcement from Gaming Innovation Group Inc. (“GiG”) on 17 June 2024.

Gaming Innovation Group Plc., a wholly owned subsidiary of GiG has successfully completed a EUR 15 million subsequent senior secured bond issue under its existing EUR-tranche bond loan with ISIN NO0013024018 (the “EUR-tranche”). Following the subsequent bond issue, the outstanding amount of the bond is EUR 90 million equivalent, including the SEK tranche with ISIN NO0013095687 (“the SEK-tranche”). The proceeds from the contemplated tap issue will be used towards financing the acquisition of CasinoMeister, that was announced in a press release on 3 June at 08:00 CEST, and general corporate purposes for GiG.

The transaction was very well received among investors across the Nordics, continental Europe and the US, with both existing as well as new investors participating in the placement, resulting in a significant oversubscription and a subsequent bond issue price of 103.75% of par.

ABG Sundal Collier and Pareto Securities acted as joint managers and bookrunners in connection with the subsequent bond issue.

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The post Gaming Innovation Group successfully issues subsequent senior secured bonds of EUR 15 million appeared first on European Gaming Industry News.

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Cactus Gaming Obtains GLI Certificates Brazilian company receives certification at the highest level.

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Cactus Gaming, developer of sports betting and iGaming platforms, obtained certification in the most rigorous process conducted by Gaming Laboratories International (GLI®), raising the standard of the national industry, which operates in a newly regulated market, ratifying the company’s commitment to serve your customers better.

GLI recently obtained approval from the Brazilian government to certify companies operating in the gaming and lottery industry, as they are already accredited by other governments, the company carries out a series of tests and applies very strict rules so that companies can finally be certified.

Other companies in the sector are also obtaining their certifications, in order to be able to operate in the regulated market. Cactus Gaming took the lead and began its certification process at the beginning of the year, adapting some parameters of its operation to meet GLI criteria.

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“We understand the importance of this achievement and it was great to have the GLI team on this milestone that the company achieved, placing Cactus at the forefront of the national market” comments Fellipe Vieira – CTO of Cactus Gaming.

From the beginning of the approval process, Cactus Gaming had to carefully follow the norms and standards established by GLI, one of the main internationally recognized certification companies. The entire technological structure was put to the test through rigorous tests to confirm the effectiveness, reliability and security of its services.

“They were very rigorous in their tests, working alongside our development team and in close contact with the board. GLI is an example of leadership in the market, and Cactus always seeks to be connected with the best” adds Fellipe Vieira.

At the end of the process, a report was issued that certifies the Brazilian platform meeting the GLI-33 V1.1 and GLI-19 3.0 standards, through the documents Report Number SY-558-CG8-24-01-558 and Report Number SY- 120-CG8-24-01-120, respectively.

“We are grateful to Cactus Gaming for allowing us to be part of their journey. They are a testament to the Brazilian industry’s culture of voluntary compliance that we were celebrating, as it puts them in a position to quickly adapt to future local regulations and deliver gaming entertainment sustainable.” – Karen Sierra-Hughes, Vice President, Latin America, Caribbean and Spain.

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“We are happy with the successful completion of the certification process for the Cactus Gaming platform and we congratulate them on being one of the first Brazilian companies to be certified. GLI’s commitment to its partners is to always guide them so they can get to where they want to be and so we will continue to guide Cactus Gaming to achieve its goals.” – Valter Delfaro Jr – Government Relations and Business Developer Executive.

 

The post Cactus Gaming Obtains GLI Certificates Brazilian company receives certification at the highest level. appeared first on European Gaming Industry News.

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Martin Stevenson to step down as Chief Executive of Racecourse Media Group at the end of 2024

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Racecourse Media Group (RMG) has today announced that its Chief Executive, Martin Stevenson, has asked the Board to start the process of finding his successor. It is anticipated that Stevenson will step down from the role at the end of the year.

Stevenson, who joined RMG in 2007, has led the business since 2020 overseeing the delivery of record results for member racecourses while setting the business on a clear path of innovation to help secure future development.

Stevenson believes that the time is now right for the business to transition to new leadership and to put the foundations in place ahead of the next round of rights renewals. He will remain in post to lead the business in the coming months and work with the Board and Executive to manage the transition to his successor.

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Martin Stevenson, CEO of RMG, said:“I have a significant birthday approaching and I think now is the right time for me to relinquish the role and enable the business to put in place its leadership in plenty of time ahead of the next rights renewal cycle.

“It has been a huge honour and privilege to have been involved in the RMG project. Having joined as Finance Director when it was still a start-up, to helping it grow to become the largest funding organisation in British horseracing, it has been an exciting and engaging journey. The business has achieved a great deal in reclaiming control of our racecourses’ media and data rights and has created real substantial commercial success for the industry, having now delivered more than £1.2bn to the industry.

“The industry undoubtedly has some challenges, but RMG is an excellent example of what can be achieved when the industry comes together in the right way with clear focus, commitment and good governance.

“I know I’ll be leaving RMG in great shape and with exciting innovation plans for the future that are in development now. I would like to thank the excellent team at RMG for all their hard work and passion in helping to make RMG such a success. I would also like to thank all our racecourses for their fantastic support and putting their faith in us to deliver for them.”

Conor Grant, Chair of RMG, said “Martin has made an enormous contribution to Racecourse Media Group over the last 17 years, serving with great distinction as Chief Financial Officer for 13 years and as Chief Executive since 2020.

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“Having started with the business in its formative years, he has been at the forefront of its development, pushing the boundaries on innovation and committed to delivering for our shareholders. RMG has been a tremendous success in maximising the commercial rights for its shareholders and generating more than £1.2billion for its racecourse members and British racing. Martin has been integral to this success.

“He has been a great ambassador for RMG and leaves the business in rude health and with exciting plans to ensure our continued growth.

“I would like to thank Martin for his wonderful service and dedication to the business and, on behalf of the board and all RMG shareholders, we wish him every success in the future.”

Nevin Truesdale, Chief Executive of The Jockey Club, said: “It has been a pleasure to work with Martin as a trusted and highly respected colleague for over 10 years, in both the roles we have held in our respective businesses.

“The success of RMG in delivering significant incremental value to British Racing and enabling the Jockey Club and other shareholder racecourses to invest record amounts into prize-money and other investments over the last 20 years has been in no small part due to what Martin has delivered.

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“He has played a key role in RMG’s undoubted success in increasing the value of British racing’s betting and data rights and I would like to thank him, on behalf of all of us at the Jockey Club and the other RMG shareholders, for all that he has done.

“It has also been pleasing to see the innovation which has started to come through as part of the development of Coursetrack, RaceiQ and other data-led initiatives in more recent times. This gives his successor and the great team at RMG a really good base on which to build and continue to deliver significant value for whole sport in the future.

“I would like to wish Martin every success in his future career and thank him, on a personal level, for the immense support he has given over the last few years.”

James Sanderson, Chief Executive of Thirsk and Catterick and RMG’s Small Independent Racecourse representative, said: “The success of RMG has been transformational for the Small Independent Racecourse grouping and Martin has been front and centre of that success.

“Martin has consistently raised the bar in terms of the value of racecourse media rights and he has steered the business through some challenging times with consummate skill; especially with regards to the rights-renewal cycles and in carefully managing the natural tension that emerges between RMG’s diverse shareholder base. The Small Independent Racecourse group owes Martin a huge debt of gratitude.”

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Adam Waterworth Chief Executive of Goodwood and RMG’s Large Independent Racecourse representative, said: “On behalf of the large independents, I would like to place on record my thanks to Martin for all he has done for RMG and the racing industry throughout his time with the company.

“RMG has been transformational for all racecourses and through the investment that has enabled, all participants and the wider racing industry have benefitted. Martin and his team have constantly sought new and innovative ways to engage with our key customers, through products like RaceiQ, and that approach is set to continue.

“All of the Large Independent RMG racecourses wish Martin the best for the future and look forward to an exciting next chapter in the development of RMG.”

 

The post Martin Stevenson to step down as Chief Executive of Racecourse Media Group at the end of 2024 appeared first on European Gaming Industry News.

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Sebastian Goldt is the new CMO of InnoGames

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InnoGames GmbH today announces the appointment of Sebastian Goldt as its new Chief Marketing Officer (CMO). Goldt is being promoted from his previous position as Director of Growth and succeeds Felix Janzen, who will be taking on a new challenge outside the games industry.

Goldt will take over responsibility for all marketing activities and ensure that the developer and publisher of hits such as “Tribal Wars” and “Forge of Empires” continues to expand its position among the leading German games companies. Goldt will report directly to CEO and co-founder Hendrik Klindworth.

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“Sebastian has been an important part of our team for over 12 years and has developed into a real pillar of our marketing department. His achievements in the development and introduction of future-proof tracking systems and his success in building effective teams in the areas of user acquisition and growth are particularly impressive. We are absolutely convinced that Sebastian is the perfect successor to Felix. We are very much looking forward to working with him to optimally market our 9 live games and the titles in our development pipeline,” commented CEO and co-founder Hendrik Klindworth on the personnel decision.

Goldt added: “Felix and I worked very closely together for a long time and achieved great results for InnoGames. I am therefore sad to see him go. At the same time, I am of course very pleased about my new challenge and the trust that has been placed in me. The internal conditions for my start in the new position could hardly be better: We have an incredibly dedicated and experienced marketing team, very successful games on the market and promising titles in the pipeline. However, these tremendous assets come up against an increasingly difficult marketing environment. The key to success will be to continue to align marketing in such a way that player acquisition is ensured – and at a reasonable cost. This will be my focus for the foreseeable future.”

Sebastian Goldt has been with InnoGames since 2012. After successfully completing a Master of Science in Industrial Engineering at the University of Applied Sciences Wedel, he initially took up a position as Project Manager Information Management at Hamburg-based RETC GmbH. Around two years later, he moved to InnoGames as Product Marketing Manager, where he gradually worked his way up to become Head of Performance Ad Networks, Marketing Director Business Development & Performance Channels and – finally – Director of Growth. After just under a year, he has now been promoted from this position to Chief Marketing Officer.

 

The post Sebastian Goldt is the new CMO of InnoGames appeared first on European Gaming Industry News.

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