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French online Gambling Group Launching IPO
4/1/10 - The French online and land gambling corporate Groupe Lucien Barriere plans to launch its initial public offering (IPO) at the end of June, reports the Reuters news agency, quoting unconfirmed reports on the usually reliable French website Wansquare.
The report named banks Lazard-Natixis, Societe Generale and BNP Paribas as companies working on the listing, claiming that the move could see French hotel and services group Accor selling part or all of its 49 percent stake in Barriere.
Accor chief executive Gilles Pelisson said in February this year that the group hoped to sell its stake in Lucien Barriere, possibly through an IPO, sometime in 2010. The strategy behind the sale is one designed to split Accor's hotel division, including luxury brand Sofitel and budget chain Ibis, from its other interests.
Reuters reports that Groupe Lucien Barriere is 51 percent owned by the Desseigne-Barriere family, which also owns over 70 percent of SFCMC (La Societe Fermiere du Casino Municipal de Cannes). The casinos division of the group includes online 3D operation Le Croupier.com and 40 land casinos across France and Europe, with a quarter of approved slot machines and half of all gaming tables in the French market.
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Gambling News :
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
NYX Gaming Group Expanding in Italy -
NYX Gaming Group says its continues to bridge the gap between online and land-based operators as it announced a new licensing deal in the Italian market.
Interwetten Q3 2016 Report -
In a brief third quarter 2016 report, Malta-headquartered online gaming company Interwetten reported strong growth across all verticals, with an emphasis on online casino revenues.
Evolution Gaming Q3 2016 Report -
Evolution Gaming Group AB delivered in its third quarter 2016 results reporting strong growth in revenue and a significant increase in mobile penetration. The company attributes is success to strong general growth and continued high demand for dedicated environments.
Dragonz Slot Launches -
#Dragonz The creatures in this 243 ways to win game engage with play during the free spins round, triggered by three or more scatters on the reels, and each character leads four different free spins rounds.
Mecca Launch Instant Win Games -
IWG has provided instant win content to lotteries for the past 15 years, amassing a portfolio of over 250 games. Its deal with Mecca signifies a move into the wider online gaming industry, servicing commercial brands and platforms.
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