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Olímpia, São Paulo Plans Casino and Airport to Boost Tourism



Olímpia’s Ambitious Vision: A Casino and International Airport

In a bold move to become a leading tourist destination, Olímpia, located in São Paulo‘s interior, is setting the stage to approve a monumental project: the construction of a casino. This initiative aligns with the city’s vision to transform into a “Brazilian Orlando,” a reference to the famous tourist city in Florida.

Legislative Moves Paving the Way for Casinos

Currently, the Federal Senate is processing Bill (PL) 2234/2022, with Senator Irajá Filho (PSD-TO) as the reporter. The bill seeks to legalize casinos in resorts, bingos, animal gambling, online games, and other gambling forms in Brazil. This legislation is eagerly anticipated by various societal sectors, aiming to turn these establishments into major tourist attractions.

Olímpia: A Potential Gaming Hub

Olímpia, renowned for its hotel chain and water parks, is keen to expand its tourist appeal by adding a physical casino. Politicians and stakeholders in the city believe that this addition will significantly boost its attractiveness as a state tourism hub.

Investing in Accessibility and Global Appeal

To complement the proposed casino, Olímpia is on the brink of starting work on an international airport, backed by a federal budget of R$104 million. This airport is envisioned to draw global visitors, synergizing with the casino to elevate the city’s tourism sector.


Geninho Zuliani’s Support for Economic Growth

Former federal deputy and potential mayoral candidate for 2024, Geninho Zuliani, has expressed strong support for these projects. He emphasizes that the airport will not only facilitate tourism but also stimulate the overall economy by creating jobs and aiding the trade balance through regional industrial exports. Zuliani’s advocacy extends to pushing for the nationwide approval of casinos, viewing it as a catalyst for economic and tourism growth.

Olímpia’s Future: A Thriving Tourist Destination

The city’s politicians and supporters are actively working towards making Olímpia a top-tier tourist destination in Brazil. With the proposed casino and international airport, Olímpia is poised to redefine its economic and tourism landscape, attracting visitors from across Brazil and the world.

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



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.


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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