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03/22/2012 :   TABCORP RAISES A$ 250 MILLION
Subordinated Notes offer a success - funds will be used to pay down corporate debt
Australian gambling group Tabcorp Holdings Limited has announced that its offer of Tabcorp Subordinated Notes has been a success, raising A$ 250 million.
A$200 million of the notes were allocated to institutional investors and brokers and a further A$50 million was raised from holders of Tabcorp ordinary shares and Tabcorp Bonds, and other investors.
Tabcorp’s managing director and chief executive, David Attenborough, said: “We are pleased with the positive response to the offer [which] attracted significant interest from new and existing investors.”
The proceeds from the offer will be used for general corporate purposes (including the repayment of existing financial indebtedness). The notes will mature on 22 March 2037, unless redeemed earlier, and will provide investors with quarterly interest payments calculated on a quarterly basis as a fixed margin of 4 percent p.a. over the 3 month Bank Bill Rate.
The interest rate for the first interest period ending on 22 June 2012 is 8.44 percent pa.

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Gambling News :

William Hill Chairman Not Stepping Down - There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.

Canadian Lottery Looking at Online Gambling - The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.

Red Riding Hood Online Slot Launched - The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.

Super Heroes Slot Launches - When the feature is triggered, two of the heroes appear on each side of the screen to boost winnings. During free spins, heroes are triggered on every spin, with their super powers growing stronger each time.

SIS Stream To Deliver racing games to online customers - Online and retail betting industry provider SIS has signed a multi-year deal that harnesses the power of its SIS Stream product to deliver 49s-branded racing games to online customers.

Playngo in Deal With Betclic Everest Group - Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.

2016 Italian Poker Tour main event in Malta - After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.

Betradar in Deal with OPAP - Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.

2016 888poker Make It Big Tournament - A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.

Lightning Box Games in deal with WIlliam Hill - Sydney-based slot design specialist Lightning Box Games has signed an agreement to supply its content to William Hill’s licensed betting offices in the UK.

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