The Gaming1 group (the gaming arm of the Ardent Group), the Belgian leader in both land-based and online gaming, announces that it has successfully issued a first Euro PP (loan format) worth 32.7 million euros for a period of 5 years.
This transaction is intended to strengthen the group’s financial structure and diversify its sources of financing. It will allow the group to sustain the rapid pace of its developments in an increasingly competitive gaming sector.
As a reminder, following the purchase of the Allevard casino and its hotel in the fourth quarter of 2019, Gaming1 announced on 31 December 2019 the acquisition of 50.05% of the capital of Societe Française de Casinos (SFC) and its intention to launch a simplified takeover bid on those SFC shares not held by the group. As a result of these acquisitions, Gaming1 will own a total of 12 casinos across France, Belgium and Switzerland and will be listed as one of the 10 largest casino operators in France.
“This is an important step for our group. It is a testament to our ambitions, especially in the French casino market,” said Emmanuel Mewissen, CEO of Gaming1, with satisfaction.
The Euro PP was issued on 20 January 2020 by Ardent Finance, the holding company of the Gaming1 group. The group was accompanied by Société Générale, who acted as the sole arranger.