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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 :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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