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Spain’s Christmas Lottery to Pay Out €2.41bn in Prizes

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Spain’s Sorteo Extraordinario de Navidad (Christmas Lottery), operated by the State Society for State Lotteries and Bets (SELAE), will pay out a total of €2.41bn in prizes this year. The annual draw will take place on December 22.

A total of 172 million tickets are available for purchase, consisting of 172 series of 100,000 ticket numbers, with each ticket split into tenths for sale. One tenth of a ticket sells for €20, meaning total sales will be equal to €3.44bn, of which 70% will be paid in prizes.

The first prize, popularly known as “El Gordo,” is worth €400,000 per tenth of a ticket, the second prize is valued at €125,000 and the third prize will total €50,000 per tenth. For each winning combination, prizes will be paid out to the corresponding ticket holders in each of the 172 series. That means that the top “El Gordo” prize is likely to pay out €688m across all series.

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President of SELAE, Jesús Huerta Almendro, said: “Although this Christmas will be different, there are elements and customs that always remain. One of them is our Christmas Lottery. One of our most deeply rooted traditions, which has been accompanying us one generation after another for more than two centuries, and which gives us that much-needed hope in these difficult times.”

He highlighted that SELAE, a non-profit company that returns its revenues to Spanish society, “is not alien to the situation we live in, because it affects our daily lives. For this reason, we were very clear that we must reclaim the common values that Loterías shares with citizens. So this year’s campaign focuses on the positives that must be taken out of difficult times.”

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Vbet Wins Best Online Casino Operator 2024 at SiGMA Europe 2024

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Vbet has been crowned the Best Online Casino Operator 2024 at the highly coveted SiGMA Europe event, cementing its position as a leader in the online gaming industry.

This achievement highlights Vbet’s commitment to providing an exceptional user experience by combining cutting-edge technology with a vast range of options and a secure process. The dedication to creating a responsible, enjoyable environment for players was recognised with this award, making this accolade even more significant. As Vbet continue to expand into new markets, the list of strategic partnerships grows alongside our constant drive to expand its offering. This award serves as a stepping stone on its path to reach more players and set new standards in the industry.

Arman Khachatryan, VBET’s Managing Director, said: “We are incredibly proud to receive the Best Online Casino Operator award at SiGMA Europe 2024. This recognition is a testament to the hard work, passion, and effort of our entire team. Our mission has always been to deliver the highest quality experience in the safest environment possible to our users. This award not only recognizes our dedication to this mission but also motivates us to continue expanding into new markets and territories.”

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FDJ Announces its First Bond Issue

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La Française des Jeux (FDJ), one of Europe’s leading betting and gaming operators, will meet investors over the next days with a view to launching its first bond issue, subject to market conditions.

FDJ recall that, on 7 November, Moody’s assigned the Group a long-term credit rating of Baa1 – stable outlook.

With a total value of €1.5 billion, in 3 tranches with maturity of 6, 9 and 12 years, the bond issue would be used to refinance most of the €2 billion bridging loan, drawn on 7 October to finance the acquisition of Kindred shares for nearly €2.5 billion. The bonds will be listed on the Euronext regulated market in Paris.

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Furthermore, FDJ is finalising a €400 million syndicated loan with top-tier French and international banks, which will be repaid over 5 years. This financing is also intended to repay the bridging loan which will be settled with Group’s cash.

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CT Interactive Shortlisted in Two Categories at BEGE Awards 2024

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CT Interactive has announced that it was shortlisted in two categories for the upcoming prestigious BEGE Awards 2024. The company has been recognised for its exceptional contributions to the online gaming industry by being among the finalists for Online Game of the Year for the innovative and engaging game Doctor Winstein Buy Bonus and Online Provider of the Year.

The BEGE Awards, which celebrate excellence and innovation in the gaming and entertainment industry, will be held on November 27, 2024, at the Club Black & White in the Grand Hotel Millennium, Sofia.

This year’s nominations reflect CT Interactive’s dedication to creating top-tier gaming experiences and its continuous efforts to push boundaries in the online gaming world.

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“Being recognised in these two categories is a testament to the hard work and creativity of our entire team. We are thrilled to be among the industry’s finest at the BEGE Awards once again,” said Monika Zlateva, CCO at CT Interactive.

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