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Intralot Extends Contract with Morocco’s MDJS Until 2025

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Intralot Extends Contract with Morocco’s MDJS Until 2025 – Ensuring Continued Partnership

Intralot, a prominent player in the gaming industry, has exciting news to share. The company has recently confirmed a two-year extension to its existing games operator contract with La Marocaine Des Jeux et des Sports (MDJS), strengthening their long-standing partnership. This extension brings assurance and continuity to their collaboration until December 2025.

A Decade-Long Partnership Continues

Intralot has been a trusted partner of MDJS since 2010, demonstrating a decade-long commitment to providing top-notch gaming solutions. Under the extended agreement, Intralot will continue to operate MDJS’s lottery, alongside offering sports betting opportunities and various other games of chance.

Navigating Previous Challenges

The road to this extension was not without its challenges. In March 2021, Intralot and MDJS agreed to amend the terms of an eight-year deal signed in 2019, originally set to conclude in December 2022. This adjustment aimed to align their partnership more effectively.

Despite MDJS initiating a tender in January 2022 for a new supplier, a one-year extension was agreed upon in March 2022. This recent extension, announced in January 2024, underscores the resilience and strength of the relationship between Intralot and MDJS.

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Financial Progress and Future Commitments

While Intralot celebrated a return to net profit in Q3 2023, with gross gaming revenue (GGR) witnessing a 2.2% year-on-year increase, certain financial challenges persist. Notably, the expiration of Intralot’s Malta license in July 2022 led to a substantial turnover drop and a corresponding GGR loss of €43.9 million.

Intralot is working diligently to address these financial concerns. The company issued €135 million in new shares to mitigate these challenges. The positive growth in various regions, including Turkey, Croatia, Taiwan, and the US, has contributed to Intralot’s improving financial stability.

The contract extension with MDJS reaffirms Intralot’s commitment to providing exceptional gaming experiences and solidifying enduring partnerships in the industry. It’s a testament to their resilience and determination to overcome obstacles while continuing to offer innovative gaming solutions to their partners and players alike.

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Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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FDJ’s Acquisition of Kindred Group Shaping the Future of Global Gaming

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FDJ’s acquisition of Kindred Group, facilitated by regulatory approval and strategic shareholder engagement, signifies a transformative moment in the gaming industry. This deal exemplifies the intricate balance between regulatory compliance, shareholder value, and strategic growth ambitions. As the industry stands at the cusp of further consolidation and innovation, the FDJ-Kindred transaction heralds a new era of strategic realignment and competitive positioning in the global gaming landscape.


A Monumental Shift in Gaming Dynamics

The Swedish Financial Market Supervisory Authority (SFSA)‘s approval of Française des Jeux’s (FDJ) offer to acquire Kindred Group marks a pivotal moment in the global gaming and betting sector. This green light not only accelerates FDJ’s strategic expansion but also underscores the evolving landscape of international gaming regulations and corporate alignments.

Navigating Regulatory Waters

The SFSA’s endorsement is a crucial step in FDJ’s ambitious acquisition plan, setting the stage for a public offer slated to commence imminently. This regulatory approval highlights the meticulous scrutiny and compliance standards governing mergers and acquisitions within the sector, ensuring that such transactions align with market stability and shareholder interests.

A Call to Action for Kindred Shareholders

The forthcoming Extraordinary General Meeting (EGM) represents a critical juncture for Kindred Group, with proposed statutory amendments necessary for facilitating the acquisition. This meeting, aimed at achieving the requisite shareholder consensus, signals the importance of shareholder engagement in steering corporate direction and strategy.

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The Path to Acquisition: Shareholder Conviction and Strategic Vision

FDJ’s pursuit of Kindred Group, contingent upon securing 90% of total capital, reflects a strategic maneuver to consolidate its position in the global gaming market. The offer per share, valuing Kindred at approximately €2.6 billion, has garnered unanimous board endorsement and significant shareholder backing, illustrating the alignment of strategic interests and the perceived value of this consolidation.

Activist Influence and Strategic Realignment

The role of activist shareholders, notably Corvex Management, in advocating for Kindred’s sale underscores the dynamic interplay between corporate governance and shareholder activism. Their successful campaign for board representation and strategic evaluation reflects a broader trend of active investor engagement in shaping corporate trajectories.

Implications for the Global Gaming Industry

This acquisition not only exemplifies the financial and strategic considerations underpinning such deals but also highlights the regulatory complexities and shareholder dynamics involved. As the gaming industry continues to evolve, driven by technological advancements and regulatory changes, the FDJ-Kindred merger serves as a case study in strategic growth, market consolidation, and the pursuit of competitive advantage.

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