Autor Tópico: Noticias do dia em Inglês 16/10/2008  (Lida 704 vezes)

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Bruno Coutinho

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em: 16 de Outubro de 2008, 21:22
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Mangas Capital to acquire NordicBet; FDJ to float next year 

Mangas Capital Gaming, the investment firm that acquired a 75% stake in sports betting operator Betclick earlier this year, is in contact with NordicBet with a view to acquiring a majority stake in the Scandinavian-focused site.

According to French media, Mangas Capital chief executive Stéphane Courbit is in exclusive negotiations with the management of NordicBet with a view to completing the acquisition by the end of the year. Once the NordicBet acquisition is completed, Courbit is believed to have his eyes on another European listed operator.   

The acquisition of NordicBet, which is strong in Scandinavia and the Baltic countries, would be the second such transaction by Courbit’s company and would complement the geographic reach provided by Betclick, which has a strong presence in France, Italy and Spain.   

No one at Mangas Capital or NordicBet was willing comment when eGaming Review contacted them.

Courbit is pursuing his strategy of creating a strong European-wide network of sports betting operations capable of taking advantage of online betting regulation on the Continent. With strong links to media organisations throughout Europe through his past role as chief executive of Endemol France, Courbit plans to be at the forefront of the industry once it is allowed to operate in European markets.   

In other news related to regulation of online betting in France, state monopoly La Française des Jeux (FDJ) is set to float on the French stock exchange next year. The French government has asked Rothschild to advise on a listing, but has not decided on how much of the company’s capital will be made public.     

The French state holds 72% of FDJ, war veterans and other charities own 9.2% of the company, investors own 3% of FDJ, with staff holding 5% of the firm’s capital. 

FDJ is preparing for the competitive online betting market place that should be implemented by the end of next year in France. It has already redesigned its lottery product and added extra weekly draws and a higher jackpot for a higher stake of €2 per player. The firm plans to increase its lottery profits by 20% and add 4,000 points of sale by the end of 2010.

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Inspired Gaming has announced a strategic partnership with Australia-based gaming supplier NextGen Gaming. The deal will see Inspired introduce NextGen's slot games into its electronic table gaming terminals across its Asian casino estate, and to over 10,000 gaming machines across its UK licensed betting office (LBO) estate. Inspired’s co-chief executive Norman Crowley, said: “Partnering with NextGen Gaming allows us to introduce more competition and variety into the UK LBO market. More importantly, it also allows us to continue to revolutionise the Asian casino market by introducing slots onto gaming machines which, to date, have only offered table games.”




 


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