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Fortuna shareholder to launch offer for company
PRAGUE, Jan 3 (Reuters) – The preponderant shareholder of Fortuna Entertainment Group, Fortbet Holdings Limited, plans to introduce an offer for the company at 182.50 crowns per share, announced the Czech betting company on Wednesday.
Czech, Slovak, Polish, Romanian and Croatian markets are the epicentre of Fortuna’s operations. Announcing that the offer would be declared on Wednesday they said, the same would involve delisting of the shares in Prague and Warsaw.
“(Fortuna‘s) boards fully support and recommend the offer for acceptance… and also recommend voting in favour of Fortuna making the delisting application,” Fortuna added.
The shares were up 1.1 percent at 180.5 crowns in Prague at 0824 GMT.
Fortbet’s offer would value Fortuna at 9.49 billion crowns ($447.83 million) and subscription is planned for Jan. 23 to Feb. 23, Fortuna said.
Fortbet, part of Czech-Slovak investment group Penta Investments, already owns 79.8 percent of Fortuna.
The offer would be Fortbet’s second bid to gain full control after a buyout in the first half of 2017 raised its stake from a 68 percent share.
In its statement Fortuna added, a delisting would free it from public disclosures, left at a disadvantage to competitors.
Taking advantage of market opportunities, being more aggressive in acquisitions, as well as cost savings would become more viable by being unlisted, added the company.
Fortbet sent Fortuna an indicative offer of 170 crowns per share at the beginning of December and agreed to raise the offer, Fortuna said.
The offer price assumes no dividends for 2017 are paid.
Fortuna’s second-biggest shareholder, Templeton Asset Management, did not take part in the first offer. Its representatives could not be reached for immediate comment.
Fortuna reported a 78 percent rise in earnings before interest, tax, depreciation and amortisation (EBITDA) to 28.3 million euros for the first nine months of 2017. The total amounts staked rose by 69 percent to 1.3 billion euros ($1 = 21.1910 Czech crowns).
Source: Reuters
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Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights
Malta, 28th March 2024 – PolarLotto, a leading provider of lotto betting services in Sweden, has just announced a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the iGaming industry. This collaboration aims to propel PolarLotto’s expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a safe and responsible manner.
PolarLotto prides itself on its commitment to transparent and ethical gaming practices, with a focus on player safety and responsible gaming. By teaming up with Fast Track, PolarLotto aims to leverage cutting-edge technology to expand its business model from traditional to online, ensuring a seamless and engaging experience for its customers.
Commenting on the partnership, Benjamin Burstein, CEO of PolarLotto, expressed enthusiasm about the possibilities ahead, stating, “We are excited to embark on this journey of transforming our business with the latest technology and automation tools provided by Fast Track. As we transition to the online space, we are confident that Fast Track’s expertise in custom segmentation, real-time data capabilities, and personalised experiences will enable us to better serve our players and achieve our business objectives.”
Fast Track also expressed confidence in the partnership, highlighting the potential for exceptional results through its Singularity model, which uses AI and machine learning to deliver tailored content to players, at the right time and through the most effective channel. “We are thrilled to partner with PolarLotto and support their online expansion,” said Simon Lidzén, CEO and co-founder of Fast Track. Our tools are designed to empower lean teams to achieve remarkable results, and we look forward to helping PolarLotto maximise their online presence and engagement.”
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Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years
As the CS2 PGL Major in Copenhagen is set to kick off, Red Bull Media House will unveil a captivating feature-length documentary, “Memories of CS:GO – The Early Years,” an ode to one of the most influential games ever made.
This film takes viewers on an immersive journey through the origins and evolution of Counter-Strike: Global Offensive (CS:GO), featuring personal accounts and defining moments from several of the most legendary figures of the game.
The 90-minute documentary, narrated by Counter-Strike commentator Henry “HenryG” Greer, chronicles the remarkable trajectory of CS:GO, from its grassroots beginnings to becoming a global esports phenomenon.
Produced by Red Bull Media House, the film captures the essence of the game through the eyes of its most well known players, including Olof “olofmeister” Kajbjer Gustafsson, Patrik “f0rest” Lindberg, Richard “shox” Papillon, Gabriel “FalleN” Toledo, and Jarosław “pashaBiceps” Jarząbkowski, among others.
The documentary’s release is timed to precede the playoff stage of the PGL Major Copenhagen, scheduled for March 26, 2024. It will premiere on Red Bull Gaming’s YouTube channel at 21:00 CEST, offering viewers worldwide an insider’s perspective on the beloved game.
Event Details:
- What: Premiere of “Memories of CS:GO – The Early Years”
- When: March 26th, 2024, at 21:00 CEST
- Where to watch: Red Bull Gaming’s Youtube Channel
- The “CS:GO Memories” documentary can be viewed shareit.redbull.com
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Ten Square Games ready for a new development opportunities in 2024
2023 ESPI package
The following documents in pdf format are equivalents of the official Consolidated Financial Statement which were reported in ESPI (download in the zip file above)
2023 Consolidated Financial Statement
2023 Management Board Report on Activities
Independent Auditor’s Report on the Audit of Annual Consolidated Financial Statements
Link to the stream
Link to the chat with individual investors
Presentation
Factsheet
Financial data
Transcription of the conference and Q&A session
For complete press release visit tensquaregames.com
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