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Operators Provide Funding for Denmark’s New Gambling Committee

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An alliance of gambling operators has committed to providing funding for the recently formed Danish Gambling Committee, also known as Dansk LudomaniKomité. This collaborative effort seeks to advance research initiatives dedicated to understanding and addressing gambling addiction.

Betsson Group, Danske Spil, Spilnu.dk, Kindred Group, and Mr Green have jointly pledged a substantial amount of DKK12 million (equivalent to €1.6 million) in funding. This financial support will empower the Danish Gambling Committee to operate within the Department of Clinical Medicine at Aarhus University. The esteemed committee will be under the leadership of Jørgen Frøkiær, the head of the department. Additionally, the board of the committee will include representatives from the University of Copenhagen, the University of Southern Denmark, Aarhus University Hospital, and Aalborg University, ensuring a comprehensive and collaborative approach to its endeavors.

The committee will dedicate its efforts to four key areas, namely the treatment of gambling addiction, prevention of gambling-related harm among children and young individuals, addressing addiction risks associated with online gambling, and fostering a broader understanding of gambling.

Jørgen Frøkiær expressed his satisfaction with the contribution of gaming companies, stating,

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“We are delighted that the gaming companies are actively participating in finding solutions, and we are eager to support research in an area that has faced significant challenges over the years.”

Kim Olesen, the general manager for Denmark and Italy at Kindred, emphasized the alignment of this initiative with their commitment to generating zero revenue from harmful gambling. He stated,

“We do not want to profit from players who have an unhealthy relationship with gambling. It is therefore crucial for us to assist those in need.”

“We are committed to shouldering our responsibility and facilitating the advancement of improved and more impactful measures for the prevention and treatment of gambling addiction through our contribution to the Danish Gambling Committee.”

Kate Jacquerot, the legal director responsible for responsible gaming at Danske Spil, further stated,

“Our aim is to foster a safe and secure gambling market in Denmark, and we are delighted to lend our support to the Danish Gambling Committee. Independent research will play a crucial role in enhancing our understanding of how to effectively prevent and assist individuals displaying signs of gambling addiction.”

The newly formed committee anticipates commencing the acceptance of research project applications starting from the beginning of July.

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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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