The Gaming Group1 " gaming branch of Ardent Group ", the Belgian leader in the land-based and online gaming sector, announces that it has successfully issued its first Euro PP "loan format" for an amount of 32.7 million euros over a period of 5 years.
This transaction strengthens the Group's financial structure and diversifies its sources of financing. It will enable the Group to maintain the sustained pace of its development in an increasingly competitive gaming sector.
As a reminder, following the acquisition of the Allevard casino and its hotel in the fourth quarter of 2019, Gaming1 announced on December 31, 2019 the acquisition of 50.05% of the capital of Société Française de Casinos "SFC" and its intention to launch a simplified tender offer for the SFC shares not held by the Group. Following these acquisitions, Gaming1 will have a total of 10 casinos in France, Belgium and Switzerland and will enter the top 10 casino operators in France.
"This transaction is an important step for our group. It demonstrates our ambitions, particularly in the French casino market", says Emmanuel Mewissen, CEO of Gaming1.
This issue was carried out on 20 January 2020 by Ardent Finance, the holding company of the Gaming1 group. The Group was accompanied by Société Générale as sole arranger of this Euro PP.
