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Xace Appoints Julian Buhagiar as Non-Executive Director

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Specialist gaming payment account provider Xace has appointed leading igaming and fintech investor Julian Buhagiar as a non-executive director.

Julian has an extreme wealth of industry knowledge and is an investor and co-founder of RB Capital, a specialist M&A and investment brokerage in gaming, fintech and media. Over the last decade, Julian has amassed a phenomenal track record of investment, M&A and exits, having overseen some of the largest M&A transactions in the industry.

In addition to RB Capital, Julian is a founding partner and GP of Yolo Investments, a venture capital business focussed on opportunities across gaming and fintech with more than €400m AuM and investments in over 68 companies since inception.

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As NED, Julian will bring his industry expertise to Xace by advising on its ambitious global expansion in the gaming sector and valuable mentorship to its senior management team.

Since launching just over a year ago, Xace has witnessed a rapid expansion particularly in industries such as gaming where businesses typically struggle to acquire regular bank accounts. To date the company has onboarded some of gaming’s most respected businesses as customers, providing them with business payment accounts in multiple currencies.

“I am thrilled to have someone of Julian’s calibre joining Xace. His deep knowledge of the gaming and fintech industry, combined with his intellectual capacity cannot be over-stated. I am certain that with Julian’s guidance we’ll be well-placed to achieve our ambitious goals for Xace in the coming months,” David Hodkinson, CEO of Xace, said.

“I am delighted to be joining Xace as their growth continues to strengthen. David and his team have quickly established Xace as the banking and payment services destination to an ever-increasing proportion of the gaming and finance industry. I am thrilled to be joining at such a vital stage of the company’s evolution,” Julian said.

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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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