Novomatic issues €500m bond

28 Sep 2016 Blazej

To help fund its expansion, the Novomatic Group has issued a €500m corporate bond that immediately attracted interest among institutional investors, with the order book being six times over-subscribed. The bond was marketed through a roadshow that took place in London, Frankfurt, Amsterdam and Vienna and is divided into €500 units. The fixed-interest bond has a seven-year life at 1.625 per cent per annum.…

Ongame Network closing next month

28 Sep 2016 Blazej

The once mighty Ongame poker network is reportedly not long for this world. Earlier this month, Russian poker affiliate Pokeroff.ru reported that the Ongame Network had informed its remaining customers that the site would be shutting down effective Oct. 15. On the plus side, the network is reportedly averaging only around 100 customers, so there won’t be too many people to disappoint. Ongame was…

Russia reportedly planning to double taxes on betting shops,…

28 Sep 2016 Blazej

The Russian Finance Ministry is planning to double the tax for betting shops and slot machines, local media reported. The remarks were made by Deputy Finance Minister Alexei Moiseyev (pictured) during a briefing at the Moscow Financial Forum on Friday. "We believe that they should be adjusted, we are planning to increase them twofold. But our plan is to keep increasing them…

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Casino

Novomatic issues €500m bond

To help fund its expansion, the Novomatic Group has issued a €500m corporate bond that immediately attracted interest among institutional investors, with the order book being six times over-subscribed. The bond was marketed through a roadshow that took place in London,…

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Bookmaker

Russia reportedly planning to double taxes on betting shops, slots

The Russian Finance Ministry is planning to double the tax for betting shops and slot machines, local media reported. The remarks were made by Deputy Finance Minister Alexei Moiseyev (pictured) during a briefing at the Moscow Financial Forum on Friday. "We believe…

Lotteries

EuroMillions rings the changes as ticket prices rise

European-wide lottery game EuroMillions has increased the cost of tickets, with the odds of winning set to become longer for players. From today’s (Tuesday) draw, consumers will have to pay £2.50 (€2.88/$3.24) for one line, up from the previous cost of £2. Players…

Poker

Ongame Network closing next month

The once mighty Ongame poker network is reportedly not long for this world. Earlier this month, Russian poker affiliate Pokeroff.ru reported that the Ongame Network had informed its remaining customers that the site would be shutting down effective Oct. 15. On…

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