Dublinbet

Dublinbet

DublinBet.com is an innovative and classy casino and card room. It offers classic online casino game favourites plus some of the best live dealer games on the net for January 2012.

Through the latest webcasting technology you can interact with dealers from the privacy of your home (or office!). The sounds and dealer action is live from the Fitzwilliam Card Club and Casino, in Dublin Ireland. DublinBet's Distance Gaming® is a 'must try even if you're not fussed for live dealer games - try the unique early payout

+ More info...

888

888

Do you find it hard to get to a live casino to play poker? Then simply come to 888poker, the best poker online room in Australia and experience the same thing with no hassle.888 Casino is one of the most famous casinos in cyberspace, thanks to some of the most eye-catching promotions in the industry and an ongoing commitment to innovation. Owned and operated by a subsidiary of 888 Holdings plc, which is listed on the London Stock Exchange, 888 Casino was launched in 1997 and more than 25 million people have played here since.

+ More info...

365 Casino

365 Casino

Enjoy a huge selection of casino games at 365 Casino with monthly bonuses and weekly promotions, Play Blackjack, Roulette, Baccarat, Slots, and Video Poker and win big at 365 casino. 24hrs a day, 365 days a year Safe & secure with excellent Customer Service.

+ More info...

Elegance Casino

Smart Live Casino

The unique thing about Smart Live Casino is its live casino games. It offers live baccarat, live roulette and live blackjack where the player sees the dealer and the action unfold infront of his own eyes. They have a fully array of games as well as sports betting. The site also comes in a variety of languages.

+ More info...

Clarification of Casino following the communication of Rallye Paris Stock Exchange:CO

E-mail Print PDF

Clarification of Casino following the communication of Rallye

Paris, 12 July 2019,

Following the press releases issued by Rallye, Foncière Euris and Finatis on 12 July 2019 relating to structured financing arrangements, Casino, Guichard-Perrachon ("Casino") confirms that these operations have no impact on the control exercised by Rallye and its holding companies over Casino.

In addition, Casino points out that the loss of control of Casino by Rallye or its holding companies would have no legal impact on Casino's debt and would not constitute an event of default, neither under the bank financing documentation nor the bond financing documentation of Casino.

As a matter of fact:

i. The main part of Casino's bank financing documentation contains change of control clauses. The notion of change of control is not defined as the loss of control of Casino by Rallye or its holding companies but as the acquisition of control1 of Casino by a third party, other than Rallye and its affiliates, acting alone or in concert. The implementation of the change of control clauses would constitute an event of mandatory early repayment or cancellation of confirmed credit lines upon the individual decision of each of the lenders.

ii. All of Casino's bond financing documentation contains change of control clauses, with the exception of the documentation relating to the €600 million of perpetual deeply subordinated notes (TSSDI) issued in 2005 that does not contain any. The notion of change of control is defined by two cumulative elements:

- the acquisition by a third party, other than Rallye and its affiliates, acting alone or in concert, of shares conferring them more than 50% of the voting rights in Casino; and

- this change of control directly results in a downgrade of Casino's long-term credit rating (by at least one notch in the event that Casino is not an investment grade).

In the event of an acquisition of control of Casino by a third party leading to a downgrading of Casino's rating, the consequences on Casino's bond financing would be as follows:

- for senior bonds representing a cumulative nominal value to date of €5,337.5 million, each bond investor would have the right to ask Casino for the early redemption at par of all the bonds he holds;

- for the deeply subordinated notes issued in 2013 representing a nominal amount of €750 million to date, the coupon would be increased by an additional margin of 5% per year and Casino would also have the option to redeem all of these notes at par.

Note

1. Within the meaning of Article L. 233-3 of the French Commercial Code. It is reminded that control within the meaning of Article L. 233-3 of the French Commercial Code is presumed to be exercised by any person who directly or indirectly holds more than 40% of the voting rights and that no other shareholder holds directly or indirectly more than his own.

ANALYST AND INVESTOR CONTACTS
Régine Gaggioli – +33 (0)1 53 65 64 17
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
or

+33 (0)1 53 65 24 17
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 PRESS CONTACTS
Casino Group – Direction of Communication
Stéphanie ABADIE - This e-mail address is being protected from spambots. You need JavaScript enabled to view it - +33 (0)6 26 27 37 05

or

+33(0)1 53 65 24 78 - This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Agence IMAGE 7
Karine ALLOUIS  -  +33(0)1 53 70 74 84 - This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Grégoire LUCAS - This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Disclaimer

This press release was prepared solely for information purposes, and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Likewise, it does not provide and should not be treated as providing investment advice. It has no connection with the specific investment objectives, financial situation or needs of any receiver. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgement. All the opinions expressed herein are subject to change without notice

Read more https://globenewswire.com/news-release/2019/07/12/1882133/0/en/Casino-Group-Clarification-of-Casino-following-the-communication-of-Rallye.html

You are here