The GI Newswire: 7 October 2024
Gambling Insider
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FDJ completes tender offer for Kindred Group, acquiring over 90% of shares
La Fran?aise des Jeux (FDJ) has completed its tender offer for Kindred Group, securing 90.66% of the company’s share capital.?This includes 195.7 million Swedish Depository Receipts (SDRs) tendered by the close of the offer period on 2 October, alongside 2.4m SDRs previously acquired from Veralda, one of Kindred’s major shareholders. The nearly €2.5bn ($2.7bn) transaction will allow FDJ to move forward with a squeeze-out procedure on Nasdaq Stockholm to acquire the remaining shares.?Read the full story here.
Other stories from Europe:
UNLV and Playtech join forces to promote responsible gambling
The University of Nevada, Las Vegas (UNLV) and Playtech have announced a multiyear collaboration aimed at fostering a more sustainable and responsible gambling environment. The partnership brings together UNLV's International Gaming Institute (IGI) with Playtech in a collaboration that aims to use technology to promote safer gambling behaviours. The collaboration will initially focus on leveraging AI and machine learning to promote more responsible gambling practices. Read the full story here.
Other stories from North America:
TexBet fined AU$33,000 for Betting and Racing Act failures
O’Shea Bookmaking Pty, trading under TexBet, has been fined AU$33,000 (US$22,791) for offences under the Betting and Racing Act 1998.?The sentence, placed upon the operator on Wednesday 25 September in the Downing Centre Local Court, was the result of the operator accepting new bets and sending gambling ads to a customer who tried to close their account. Read the full story here.
Other stories from Asia-Pacific: