Latest News
INTRALOT Provides an Update on the Lock-up Agreement and Exchange Offer Process
This press release relates to the disclosure of information that prior to publication qualified, or may have qualified, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation 596/2014.
We refer to the press release issued on 28 June, 2021 (the “Press Release”) by Intralot S.A. (the “Company” and together with its subsidiaries the “Group”) regarding the amendment and update of the Lock-up Agreement with an ad hoc group of noteholders (the “Ad Hoc Group”) of its €250m senior unsecured notes due in September 2021 (the 2021 SUNs) issued by Intralot Capital Luxembourg (the Issuer). Capitalised terms used herein shall have the meaning provided to them in the Press Release and the First Press Release (of 14 January 2021).
The Company informs the investment community and the broader public that on 30 June, 2021:
- The Issuer utilized the Redemption Facility of €147,607,487 provided by certain members of the Ad Hoc Group (the “Redemption Facility Providers”) and redeemed the same amount of 2021 SUNs at 100% of the principal amount pro rata plus accrued interest.
- Following redemption, the Issuer issued additional notes under the 2021 SUNs indenture of an amount of €147,607,487 to repay and cancel the Redemption Facility. After the issuance of the additional notes to the Redemption Facility Providers the outstanding 2021 SUNs are again €250,000,000.
Following the redemption and issuance of additional notes, holders of more than 90% of the 2021 SUNs outstanding as of the date of this press release have agreed to tender their 2021 Notes pursuant to the Lock-up Agreement.
Today, 1 July, 2021, the Group has announced two interdependent exchange offers as per the First Press Release:
- The commencement of an offer by US subsidiary Intralot Inc. to acquire any and all of the outstanding €250,000,000 6.75% 2021 SUNs issued by Intralot Capital Luxembourg in exchange for up to USD 244,585,500 in aggregate principal amount of its New SSNs. In conjunction with the exchange offer Intralot Capital Luxembourg is soliciting consents for holders of the 2021 SUNs to amend certain provisions of the 2021 SUNs as set forth in the exchange offer and consent solicitation memorandum dated July 1, 2021. Minimum acceptance condition is 90% of Notes outstanding and exchange ratio set at 82%. The Solicitation Memorandum is available to holders through the Exchange Agent, Lucid Issuer Services at [email protected].
- The commencement of an offer by Intralot Global Holdings B.V. to holders of the outstanding €500,000,000 5.25% Senior Unsecured Notes due September 2024 (the 2024 SUNs) to exchange the 2024 SUNs for ordinary shares of Intralot US Securities B.V. (“TopCo”), with minimum acceptance condition €68,176,000 and maximum acceptance amount €169,100,000. The Exchange Offer Memorandum is available to holders through the Exchange Agent, Lucid Issuer Services at [email protected].
The public announcements of the two exchange offers have been published on the websites of the Luxembourg Stock Exchange https://www.bourse.lu/latest-fns and the Company https://www.intralot.com/investor-relations/debt-capital-market-info/ on 1 July 2021.
The exchange offers will remain open until 23:59 New York time, on July 29, 2021, unless extended.
Latest News
ECA and AGEM applaud creation of Association Assembly at ICE Barcelona
The news that January’s ICE Barcelona will include a major new feature dedicated to global gaming’s most influential trade associations has been welcomed by organisations in Europe and abroad.
Making full use of the additional space at the Gran Via Fira de Barcelona, the first ICE Association Assembly has been created to enable trade bodies to promote their values and create new opportunities for the gaming community across every sector and geography, including both the Brussels-based European Casino Association (ECA) and the Association of Gaming Equipment Manufacturers (AGEM), the global trade association for gaming equipment suppliers with its primary headquarters in Las Vegas.
Erwin Van Lambaart, Chair of the ECA confirmed: “Our members are already planning their week in Barcelona and they will be at this historic edition of ICE in great numbers. ICE is a pivotal event for the global gaming community and having a show floor feature which will enable us to engage directly with all sectors is a unique opportunity.
“Traditionally, our association’s involvement at ICE and its Conference program has primarily centred around networking and product development orientation—connecting with our members, regulators, suppliers, and fellow trade bodies. However, ICE 2025 marks a significant milestone. For the first time, the ECA will have the chance to fully interface with the global industry supply chain in its entirety. We are looking forward to this unique opportunity to articulate our vision for the future to a diverse and comprehensive audience, where innovation, responsibility and significant partnerships for guest and customer centricity will have centre stage.”
Daron Dorsey, CEO of AGEM added: “We represent the interests of our gaming suppliers whose well-known brands are global in reach, so to be given the opportunity to explain our agenda and engage with what is a truly international audience of association colleagues on the ICE show floor is invaluable.”
January’s editions of ICE and iGB Affiliate will occupy 120,000sqm of space compared to the 100,00sqm at ICE 2024. In a major endorsement of the opportunities offered by the relocation to Barcelona 72% of the 25 biggest exhibitors will have an increased stand presence at ICE 2025.
Industry Awards
Blask Wins Prestigious “Startup of the Year” at 2024 Starlet Awards
Blask, the pioneering AI-powered analytics ecosystem for iGaming, has been named “Startup of the Year” at the prestigious 2024 Starlet Awards. The company earned this recognition for developing a groundbreaking market intelligence platform that has redefined how gaming operators leverage data and market insights.
Award Recognition
The award confirms Blask’s revolutionary approach to market analytics and its significant impact on how iGaming companies access and utilise market intelligence. Powered by AI models including Computer Vision and Natural Language Processing, Blask analyses billions of data points across 2000+ active brands to provide unprecedented market insights.
The Starlet Awards recognition follows Blask’s recent SiGMA Asia Startup Pitch 2024 Award victory. “Winning these awards affirms our belief that innovation and bold ideas can reshape the iGaming landscape. The recognition underscores the impact of our cutting-edge AI technology and our relentless pursuit to transform data into actionable insights”, reflects Max Tesla, CEO and Co-founder of Blask
Blask provides operators with a strategic edge across multiple critical areas. Its real-time market analysis capabilities deliver instant access to crucial market metrics, while the high-granularity data available at one-hour intervals enables swift, informed decision-making. The sophisticated AI modelling system estimates GGR and FTD by analysing a comprehensive range of inputs, including historical data, third-party OSINT data, market performance, competitor metrics, historical brand performance, market reports, and public company disclosures.
Beyond analytics, Blask offers robust brand monitoring and competitor analysis tools, alongside strategic and tactical planning capabilities particularly valuable for market entry decisions and maximising performance during major events. The recently introduced customer profile feature harnesses AI to generate detailed, country-specific user profiles, adding another layer of strategic insight for operators.
Latest News
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Additionally, the integrated LED strips in CONCEPT eliminate the need for extra signs or wedges, creating a sleek and attractive visual at all times.
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