Welcome to the Weekend Report, where iGB looks at the news you may have missed across the last few days. This week, Allwyn concludes €550 million senior secured notes offering, Tabcorp pens rights deal with Victoria Racing and Codere Online launches Mexico poker app with Playtech.
Allwyn welcomes ‘investor demand’ after £550 million offering
Allwyn International has closed its previously announced senior secured notes offering, generating €550 million from the process.
The 4.625% notes are due in 2031 and were offered at an issue price of 100%. Allwyn first announced an offering size of £500 million but increased this during the process.
Proceeds will be used to help fund cash compensation payable to OPAP shareholders in relation to the merger with Allwyn. Some €456 million is owed to shareholders who exercised their exit right to dispose of their shares in OPAP.
“We are pleased by the strength of investor demand for the transaction in both the bond and institutional loan markets, once again underscoring confidence in the Allwyn business as well as the strategic and financial benefits of the Allwyn–OPAP combination and the listing of the combined entity,” Allwyn Chief Financial Officer Kenneth Morton said.
Tabcorp and Racing Victoria pen rights deal
Tabcorp and Racing Victoria have announced a long-term domestic, international and digital media rights deal.
The partnership will see Sky Racing serve as the exclusive international distribution partner of Racing Victoria. It will also become the exclusive distribution partner on linear channels.
Sky will continue to broadcast Victorian thoroughbred racing at TAB retail venues and in homes via Foxtel. In addition, Sky will distribute Victoria thoroughbred racing via the TAB app and through its domestic digital business.
“We’re really pleased to reach a long-term domestic and international partnership,” Tabcorp Chief Commercial and Media Officer Jarrod Villani said. “This partnership has the opportunity to take thoroughbred racing in the state to more eyeballs than ever before and that’s good for the growth of the industry.”
Codere Online partners Playtech on Mexico poker app
Codere Online has linked up with Playtech to develop and launch a new poker mobile app in Mexico.
Developed for iOS, the app will integrate directly with Playtech’s player‑vs‑player poker network. This allows Mexican players to compete in real time with players across multiple operators.
Codere Online said the launch supports its multi‑product roadmap in Mexico, with the aim of offering users in the country access to a “complete suite” of online gaming products.
“Launching the app is a key step in delivering on our commitment to offer customers all major online gaming categories,” Codere Online Chief Marketing Officer Alberto Telias said. “Poker has quickly emerged as a highly attractive vertical for our users and, through our partnership with Playtech, we are bringing them a premium, high‑liquidity platform that elevates their experience.”
Octoplay enters Brazilian market
Octoplay has announced its entrance into the Brazilian market through a partnership with Superbet.
Under the deal, Superbet players will have access to a range of online casino games from Octoplay. The launch will build on an established collaboration in Europe.
Octoplay also holds licences in the UK, New Jersey, Michigan, Ontario, Italy, Spain, Sweden, the Netherlands, Denmark, Belgium, Greece, Romania, Malta and Slovakia.
“This marks a historic beginning of our South American expansion,” said Ralitsa Georgieva, Octoplay director of business development. “This partnership brings our innovative content to the region’s largest gaming market, establishing a strong foundation for our continued growth across Latin America.”
Original article: https://igamingbusiness.com/finance/weekend-report-allwyn-notes-tabcorp-rights-deal/
