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REMEDY ENTERTAINMENT PLC: Board of Directors decided on a new option plan

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Board of Directors decided on a new option plan

The Board of Directors of Remedy Entertainment Plc has, by virtue of the authorization granted by the Annual General Meeting held on April 8, 2019, decided to adopt an option plan “Option Plan 2019” directed to the key persons as decided separately by the Board of Directors. There is a weighty financial reason to issue the option rights as the option plan is a part of the company’s incentive and commitment scheme for key persons.

The maximum total number of option rights issued is 400,000, entitling their holders to subscribe for a maximum of 400,000 new shares of the company or existing shares held by the company. The option rights will be granted without payment. The Board of Directors may allocate option rights until the beginning of the share subscription period. The share subscription period shall begin on June 1, 2022, and end on May 31, 2025.

The share subscription price is EUR 9.23, which is the trade volume weighted average price of the company’s share on First North Finland marketplace during April 1 – June 30, 2019, with an addition of 10 percent.

The number of company’s shares may increase at maximum by 400,000 shares as a result of the share subscriptions with the option rights, equaling to 3.21 percent of all shares and votes in the company after the possible share subscription, if only new shares are issued in the subscription. In addition, the company has earlier issued 400,000 option rights under the Option Plan 2018.

The Board of Directors has decided to issue 400,000 option rights, which remain with the company to be allocated later to key persons decided by the Board of Directors.

The now decided “Option Plan 2019” is a part of the Board of Directors’ longer-term plan to introduce a long-term share-based incentive program to the company’s key persons during the years 2018–2020, corresponding a total of 10 percent of all company shares and votes after a potential subscription. Possible option plan for 2020 will be decided separately.

The terms and conditions of Option Plan 2019 are available for viewing on the company’s web site at www.remedygames.com/investors/.

Remedy Entertainment Plc

 

REMEDY IN BRIEF
Remedy Entertainment Plc is a globally successful video game company known for story-driven and visually stunning console and computer games such as Alan Wake and Max Payne. Founded and based in 1995, Finland, the company employs over 200 game industry professionals from 25 different countries. Remedy is listed on the Nasdaq First North marketplace.

Our latest games include Control, a supernatural action-adventure created by Remedy and to be published by 505 Games on August 27th 2019 on PlayStation 4, Xbox One and PC, as well as a cooperation project with Smilegate, based on Crossfire, which is one of the world’s biggest game brands. Remedy also develops its own Northlight game engine and game development tools. www.remedygames.com

 

Source: Globenewswire


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: REMEDY ENTERTAINMENT PLC: Board of Directors decided on a new option plan

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New Report Finds Maryland Gaming Delivers Positive Economic and Social Benefits to Communities, Promotes Responsible Gaming

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American Gaming Association kicks off Responsible Gaming Education Week with Get to Know Gaming event at MGM National Harbor

The Maryland casino gaming industry supports small businesses, strengthens communities and provides good jobs that pave a path to the middle class, according to new American Gaming Association research released today at a Get to Know Gaming event at MGM National Harbor.

AGA’s newest report, Casinos & Communities: Maryland, offers a narrative look at the gaming industry’s economic and social contributions to communities in the Free State. The research couples key data on gaming’s economic impact—15,364 jobs supported and $713 million in wages generated annually—with testimonials from local business owners, nonprofits and elected officials about gaming’s positive impact in their communities.

“Maryland’s six casinos are driving tremendous opportunity for communities across the state. As a native Marylander, it is remarkable to see how fast this industry has grown and, at the same time, supported the communities where they operate,” said Bill Miller, president and chief executive officer of the American Gaming Association.

AGA’s Get to Know Gaming campaign engages local leaders in a discussion about the critical role gaming plays as a community partner. The event also kicked-off Responsible Gaming Education Week, taking place Sept. 15-21, with perspectives on responsible gaming programming and resources available to Maryland gaming operators, casino employees and patrons throughout the state.

“I’m pleased to be in Maryland today to kick off the 22nd annual Responsible Gaming Education Week and highlight the state’s efforts in this essential area,” Miller added. “This week serves as an opportunity to highlight gaming’s unwavering commitment to responsible gaming and, importantly, promote transparency and gaming literacy to customers.”

Monday’s Get to Know Gaming roundtable panel included U.S. Rep. Anthony Brown (MD-04); Mary Drexler, program director at the Maryland Center of Excellence on Problem Gaming; Melonie Johnson, president and chief operating officer of MGM National Harbor; Bill Miller, AGA’s president and chief executive officer; and small-business owners William Parker of the Parker K-9 Group and Carla Truitt of Be Clean Cleaning Services, Inc. Former Prince George’s County Executive Rushern Baker III moderated the discussion.

Background

  • August 2019 was the fourth best month ever for gaming revenue for Maryland’s six casinos.
  • The Greater Baltimore-Washington D.C. commercial gaming market is now the fourth largest in the United States.
  • Gaming revenue in the Baltimore-Washington, D.C. market has more than tripled since 2011, sparking economic growth that extends across the state of Maryland.

 

About Responsible Gaming Education Week:

The American Gaming Association and its members prioritize responsible gaming as an integral part of our industry’s daily operations. Responsible Gaming Education Week (RGEW)—Sept. 15-21, 2019—provides an opportunity to showcase our dedication to responsible gaming programs. It also provides a specific opportunity to refresh employee training, promote transparency and gaming literacy to customers and work with community partners on advancing responsible gaming initiatives.

About AGA:

The American Gaming Association is the premier national trade group representing the $261 billion U.S. casino industry, which supports 1.8 million jobs nationwide. AGA members include commercial and tribal casino operators, gaming suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to achieve sound policies and regulations consistent with casino gaming’s modern appeal and vast economic contributions.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New Report Finds Maryland Gaming Delivers Positive Economic and Social Benefits to Communities, Promotes Responsible Gaming

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BetCity Becomes the Russian Betting Partner of AS Monaco

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Russian betting company BetCity has become the official exclusive Russian betting partner of AS Monaco football club for the following two seasons.

BetCity is a Russian betting company whose live sports betting platform offers the possibility to bet live on a huge variety of sports. In 2018, AS Monaco entered China with the adapted website and official accounts on 4 different platforms.

AS Monaco attracts the attention of international partners and is currently supported by Yabo Sport in the Asian region, luxury Italian brand Phillip Plein, while BetCity will become the first official regional partner in Russia, one of key markets for the club.

“We are very happy to bring the Club closer to our Russian fans through our partnership with BetCity, famous sponsor of CSKA Moscow. Russia is a key market for us, and we are convinced that this collaboration will contribute to the development and consolidation of our relationship with Russian sports lovers. AS Monaco and BetCity will take a step forward to achieve common ambitions and join forces in the digital area to provide interesting and exclusive contents for the fans. We will also bring the opportunity for BetCity clients to discover and enjoy VIP experiences on Stade Louis-II here in Monaco. It’s an exciting new adventure,” Juli Ferré Nadal, Commercial and Marketing Director of AS Monaco said.

“I hope this is the start of a lasting collaboration between AS Monaco and the sports betting company BetCity, where we aim to join our forces to add to the development and promotion of football in both countries. We are very honored to partner with AS Monaco, such a well-renowned European football club and see the interest they expressed in working with us. BetCity has long been involved in the development of Russian football in close collaboration with the popular football club PFC CSKA Moscow. The new partnership will allow us to reach the new level in today’s world football. We are convinced that AS Monaco will help us effectively accomplish the most ambitious projects and marketing-related targets,” Sergey Samsonenko, President of BetCity said.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: BetCity Becomes the Russian Betting Partner of AS Monaco

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GES Installs Poker Jackpot and Management System at Skycity Adelaide

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Gaming Entertainment Systems has installed its Poker Jackpot and Management System at Skycity Adelaide in New Zealand. Skycity Adelaide is the first customer to use the High Hand Bonus feature which awards a fixed prize for the highest poker hand achieved during specific time periods. The players are also offered a Royal Flush Jackpot.

“GES and Skycity Adelaide have worked closely together to deliver an integrated poker management solution including jackpots, bonusing, cash game management, waitlist and tournament functionality,” Simon Witty, GES’ managing director said.

“We are delighted to be able to enhance our poker product with unique features including a Royal Flush Jackpot and High Hand Bonus, both of which have proved very popular since launch. The GES system installation was flawless and their customer support has been outstanding,” Ash Azad, Skycity Adelaide’s general manager for table games said.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: GES Installs Poker Jackpot and Management System at Skycity Adelaide

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