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Playtech launches secured bond notes worth €530M

Niji Narayan

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Playtech launches secured bond notes worth €530M
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Playtech, the gaming software company, has launched senior secured bond notes worth €530 million (US$610.78 million). The bond notes will offer an interest of 3.75 per cent and will become due in 2023.

The notes are likely to receive a rating of BB by the UK branch of Standard and Poor’s Global Ratings Europe and a rating of Ba2 by Moody’s Investors Services. The proceeds from the issuing of the bond notes, combined with the company’s existing cash, will go towards the repayment of outstanding amounts under the bridge facility. They will also be used for the acquisition of Italy-based Snaitech, as well as to cover the expenses associated with the redemption of outstanding high-yield Snaitech-issued bonds and other costs and expenses related to the acquisition.

According to the release, “Details of the Notes will be set out in the Offering Circular. Application will be made to the Irish Stock Exchange plc trading as Euronext Dublin for the Notes to be admitted to the Official List of Euronext Dublin and to trading on the Global Exchange Market, which is the exchange-regulated market of Euronext Dublin. The Notes are expected to settle on 12 October 2018.”

Once all the bond notes are issued and the high-yield bonds are redeemed, Playtech will only have outstanding borrowings of €297 million (US$342.26 million) in senior convertible bonds, which are due next year. Those borrowings are in addition to the new notes. Playtech also has revolving credit of €250 million (US$288.1 million), which the company indicates is currently undrawn.

 

Source: CalvinAyre

 

Industry News

Highlight Games Announces Partnership With EveryMatrix

George Miller

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Highlight Games Announces Partnership With EveryMatrix
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London-based video virtual sports specialist Highlight Games Limited today announces that its exclusive products will soon be available via EveryMatrix’s CasinoEngine platform.

As detailed in the agreement, English, Italian and Greek variants of Highlight Games’ highly successful SOCCERBET product will be available to operators via EveryMatrix’s CasinoEngine platform with Turkish SOCCERBET coming soon. Additionally, Highlight’s new NBA Last 60 basketball and IIHF World Championship ice hockey games will also be available online.

‘I’m delighted to announce this partnership with EveryMatrix,’ said Steven Holmes, Co-CEO, Highlight Games.  ‘SOCCERBET has already proven incredibly popular with players across Europe, and we look forward to welcoming additional operators to our growing list of customers via EveryMatrix’s CasinoEngine platform.  With Greek, Italian and English football leagues available to EveryMatrix customers, there are endless opportunities to enjoy the thrill of sports betting on real archive footage 24/7.  With NBA Last 60 and IIHF World Championship launching soon, players can also experience the excitement of betting on highlights from past NBA and IIHF seasons whenever they want, wherever they want.’

Amund Stensland, CasinoEngine COO, EveryMatrix commented: ‘We are excited to be partnering with Highlight Games to deliver another compelling product portfolio to our casino customers.  CasinoEngine prides itself on providing operators with the most innovative and entertaining content available, and SOCCERBET, NBA Last 60 and IIHF World Championship will certainly enhance our existing offering. These products are a great addition to normal live games, and can be accessed without any outside interruptions, giving players thrill and excitement at any time, anywhere.”

 

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Pronet Gaming enhances offering with ESA Gaming

George Miller

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Pronet Gaming enhances offering with ESA Gaming
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Platform provider to integrate its EasySwipe portfolio

Pronet Gaming has reached an agreement with ESA Gaming to integrate its EasySwipe portfolio, further boosting the company’s next generation platform offering with effective sportsbook and casino cross-selling products.

EasySwipe is a lightweight HTML5 mobile-first library of games which allows players to swipe seamlessly between playing classic casino games and placing bets on their favourite sports.

Designed to boost cross-selling and aid player retention, Pronet Gaming’s operator partners will have access to slots such as Fruit Staxx and table games including roulette and blackjack.

In addition, the deal will also include the integration of upcoming football-themed instant win game Goal Mine, similar to the classic minesweeper title and packed full of aptly themed symbols.

Bobby Longhurst, Pronet Gaming CCO, said: “A new wave of players have enjoyed casino games following the suspension of live sport, and with many leagues and tournaments anticipated to make a return in the near future, cross-selling will become crucial.

“It’s for that reason we are delighted to have agreed a deal to integrate ESA Gaming’s EasySwipe portfolio, allowing players to enjoy both sports betting and casino experiences at the swipe of a finger.”

Alessandro Sposito, Sales Manager at ESA Gaming, added: “We are very excited that Pronet Gaming is launching our EasySwipe games and are among the first to bring this game-changing product to operators.

“Our products offer instant cross-selling and added revenue opportunities to sportsbooks which is sure to appeal to Pronet Gaming’s partners during a crucial time for the industry.”

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Industry News

SIS chooses Phenix to optimise live content streaming

George Miller

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SIS chooses Phenix to optimise live content streaming
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SIS (Sports Information Services), the leading multi-channel supplier of 24/7 betting services, has secured a new partnership with global real-time video solutions provider Phenix to help optimise its streaming services.

The deal will enable SIS’s streaming platform, SIS Stream to deliver industry leading, sub-half second latency in the distribution of live content for products including its 24/7 Live Betting Channels, World Greyhound Tote Pool and its Competitive Gaming Channel, by using Phenix’s combination of  industry standard WebRTC (Web Real-Time Communication)and proprietary and patent-pending technology.

The new ultra-fast streaming technology will further improve the integrity of SIS’s live pictures by minimising the delay in delivering streams of live sporting events to its operator partners globally.

Paul Witten, Product Director at SIS, said: “It’s crucial that we minimise the latency of live events to a bettor’s screen as much as possible, in order to optimise their betting experience.

“Partnering with Phenix is key in helping us deliver real-time streaming to our operator partners, and further demonstrates our reputation for providing top quality live pictures to operators globally.”

Roy Reichbach, CEO of Phenix, said: “SIS’s vision and openness to innovation will enhance their offer to bookmakers, providing them with real-time streaming and synchronised playback. The combined solution provides punters with an improved betting experience and increased operator revenues.”

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