Latest News
Gaming Innovation Group – Successful placement of SEK 450 million senior secured bond
Reference is made to the announcement from Gaming Innovation Group Inc. (GiG) .
GiG’s subsidiary, Gaming Innovation Group Plc., has successfully completed the issuance of a new 3-year SEK 450 million senior secured bond with a SEK 550 million borrowing limit. The transaction was oversubscribed and received strong demand from investors across the Nordics, continental Europe, and the US, with participation in the placement from existing as well as new investors.
The net proceeds will be used to refinance the existing SEK 400 million bond with ISIN: NO0010858400 including any call premium and transaction costs with the balance towards general corporate purposes. Settlement of the new bond issue is expected to be on or about 11 June 2021. A call notice for the existing SEK 400 million bond will be sent shortly, and the bond is expected to be called in whole at the next call step down date 28 June 2021.
The new bond has a floating coupon of 3 months STIBOR + 8.50% per annum and with more favourable terms than the existing SEK 400 million bond. An application will be made for the new bond to be listed on Nasdaq Stockholm and Frankfurt Stock Exchange Open Market.
Richard Brown, CEO of GiG says: “I am pleased to have secured a new bond on better and more flexible terms, that will give a strong position for the business to work from over the coming years towards our financial targets.”
ABG Sundal Collier ASA and Pareto Securities acted as joint managers and bookrunners in connection with placement of the new bond issue.
IGT Global Solutions Corporation
IGT Delivers Upgraded Lottery Solutions to North Carolina Education Lottery with 10-Year Contract Extension
International Game Technology PLC announced that its subsidiary, IGT Global Solutions Corporation, signed a 10-year contract extension with the North Carolina Education Lottery (NCEL). The contract extension will begin July 1, 2027, and run through June 2037. The NCEL has been a valued IGT customer since the Lottery began in 2006.
Under the terms of the agreement, IGT will deploy its high-performing Aurora central system, a feature component of IGT’s integrated lottery solution, OMNIA. Additionally, IGT will provide upgraded Wizard back-office business applications, up to 8500 newly launched Retailer Pro S2 terminals, 500 GameTouch 28 self-service vending machines, 2000 lottery play centers, 4000 Jackpot signs, a dual cellular communication network, and expanded testing capabilities for the NCEL.
“IGT has been a trusted partner to the NCEL for more than 18 years, supporting our consistent growth and record-breaking sales. Supporting public education is our mission, and we now raise more than $1 billion a year for our state. We look forward to extending our strong relationship with IGT. The new technology that IGT will provide will help the lottery continue to responsibly increase sales and our contributions to North Carolina,” said Mark Michalko, CEO and Executive Director of the N.C. Education Lottery.
“The NCEL is among the top 10 most successful lotteries in the U.S., and IGT is excited to upgrade its retail technology with our high-performing solutions, and help it drive sales growth. IGT’s future-forward technology will provide the systems and equipment needed for the NCEL to work effectively and efficiently for its players, its retail partners, and the good causes it serves,” said Jay Gendron, IGT Chief Operating Officer Global Lottery.
IGT’s Aurora platform and related components were developed to drive lottery innovation and profitability. This technology will provide the NCEL with intuitive, user-friendly applications, tools, and reporting capabilities. Components of Aurora, including Performance Wizard, Sales Wizard, Learning Wizard, and Retailer Wizard will streamline operations for optimal functionality. The introduction of IGT’s high-performance, high-volume Retailer Pro S2 terminals will enable the NCEL to easily add new features across multiple point-of-sale terminals simultaneously.
CashClub Wallet
Everi and Crane Payment Innovations Announce Strategic Agreement to Revolutionize Cashless Payments in Casinos
Crane Payment Innovations (CPI), a Crane NXT Co. company and a global leader in payment technology, announced its agreement with Everi Holdings, a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo. This collaboration will integrate Everi’s CashClub Wallet with CPI’s Betbridge cashless solution, enabling at-machine mobile payments in casinos. By building this solution on the trusted bill validator and TITO technology, CPI and Everi are making cashless payments seamless in casinos.
The Betbridge cashless solution, a cutting-edge innovation by CPI, allows for at-machine mobile wallet payments with a simple upgrade to the installed base of SC Advance Note Validators. Unlike traditional cashless solutions that require a comprehensive CMS (Casino Management System) upgrade, Betbridge offers a simplified implementation process and transparent pricing, facilitating a smooth roll-out of cashless payments for casinos. The integration with Everi’s CashClub Wallet allows players to load money from their mobile wallet onto slot machines easily.
“CPI is constantly looking to develop new and innovative products that optimize efficiency and provide a seamless payment experience for the gaming market. We are thrilled to collaborate with Everi Holdings to bring a new level of convenience and innovation to the casino industry,” said Evan Groat, VP, Connectivity at CPI.
“The integration of Everi’s CashClub Wallet with our Betbridge solution marks a significant step forward in the evolution of cashless gaming, providing a seamless and secure payment experience for patrons.”
Everi’s CashClub Wallet is a mobile digital wallet that enables casino operators to offer a cashless and contactless funding option for the casino floor that elevates patron engagement with frictionless, omni-channel payments. This agreement will empower casino operators with a single wallet solution to deliver on all aspects of the emerging mobile casino ecosystem, including funding at the gaming device, payments at point of sale, and funding online sports betting, iGaming, or social gaming.
“Everi’s strategic agreement with CPI represents a new era for casino patron funding, helping streamline the financial access process with a combination of our innovative, integrated solutions. With self-service capabilities increasingly favored by consumers across all of their spending experiences, Everi is leading the way in patron engagement by integrating our system-agnostic digital CashClub Wallet technology with CPI’s Betbridge solution to provide casino patrons with a convenient, end-to-end, at-machine mobile funding experience,” said Darren Simmons, Everi’s Executive Vice President and FinTech Business Leader.
AGA President and CEO Bill Miller
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