Kretinsky-led consortium set to own 53.7% of retailer Casino’s capital

PARIS, Jan 3 (Reuters) – A consortium led by Czech billionaire Daniel Kretinsky will own and control 53.7% of French retailer Casino‘s share capital once a restructuring plan is completed, Casino said on Wednesday.

Current shareholders will be massively diluted to around 0.3% of the share capital, it added.

The statement also cited a report by independent expert Sorgem Evaluation that found the restructuring plan was fair to current shareholders.

Casino said that – according to Sorgem’s report – without implementation of the restructuring plan, the group’s enterprise value of 3.71 billion euros ($4.05 billion) (as implicit in the subscription price of the capital increase reserved for the consortium), is well below its net debt of 7.88 billion euros.

Under these conditions, the economic value per 100 shares is zero. After implementation of the plan, the value of these 100 shares would be around 5 euros, which Casino said represented a value “very close to” the subscription price of the capital increase reserved for the consortium.

As part of its restructuring, Casino said on Dec. 18 it had entered into exclusive talks to sell all of its big stores to Les Mousquetaires and Auchan Retail.

Casino, which has warned of likely losses for 2023 for its core French business, is racing to finalise a bailout to avoid bankruptcy early this year. ($1 = 0.9172 euros) (Reporting by GV De Clercq Editing by Chris Reese and Barbara Lewis)

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Inside the $3.7bn Fontainebleau – the tallest hotel on the Vegas Strip

It cost $3.7billion (£2.9billion), is the tallest occupiable building in Nevada and took 16 years to complete. 

Now the long-anticipated Fontainebleau resort is finally open.

After a painful development period that saw the casino sit idle, 70 per cent complete, for a decade when funding stalled, the 67-story hotel tower opened its doors to the public on the 13th of December, 2023. 

With 3,644 rooms and standing 737ft (224m) tall, the mammoth property is now an unmissable part of the Las Vegas Strip landscape. Was it worth the wait?

TravelZork, which specialises in Las Vegas accommodation and casino reviews, sent Marc Meltzer (@MeltzVegas) on a secret shopper review to put the hot new spot through its paces. He stayed for two nights during the Christmas holidays, when the hotel was at minimal occupancy. His verdict? The enormous resort is enjoyable enough, but still finding its feet.

Betting on luxury: TravelZork’s Marc Metzler checked in to Fontainebleau Las Vegas, the tallest occupiable building in Nevada

Teething problems: One of the restaurants Marc visited, Vida, offered menus with nothing printed on them (above, a picture Marc tweeted of the error), a sign the hotel was still finding its feet. And advertised as opening at 6am – it didn’t open its doors until 7am, he noted 

‘My first overnight stay at Fontainebleau Las Vegas was a mixed bag,’ writes Marc in his review. ‘Feelings ranged from dealing with new casino opening problems to I love this place! Fontainebleau is new, and not all processes are working at 100 per cent.’

Some of the quibbles Marc had of the hotel he puts down to teething problems, such as incorrect opening hours advertised for restaurants, or glitchy Wi-Fi. One restaurant he visited had completely blank menus.

Staying in the smallest of the hotel’s three available room sizes, a ‘Bleau’ room (also available are Gold and Platinum, the largest and most luxurious suites), Marc compliments the 500-square-foot space for being ‘pretty and comfortable’ and he gives a firm nod of approval to the bed headboard – ‘the star of the bed’ – which he notes had outlets for charging multiple devices on either side.

But he feels the design is anonymous – ‘the modern room design feels like something you’d see on most HGTV [an American cable network dedicated to home renovation programs] design shows’.

And with hotel rates starting at $300 (£239) a night, you might hope, he says, for more than rooms that ‘feel more cozy than luxurious’.

Worth a flutter? Pictured above is Marc’s accommodation at the Fontainebleau – a ‘Bleau’ room, which is the smallest of the hotel’s three available room sizes. Marc says it felt ‘more cozy than luxurious’

Marc gives a firm nod of approval to his bed headboard, which he notes had outlets for charging multiple devices on either side (left) and praises the room for being ‘pretty and comfortable’

Marc’s room view – primarily the empty Las Vegas Festival Grounds and an empty parking lot for the All Net Arena 

The Fontainebleau stands 737ft (224m) tall

What’s more, the view wasn’t much to write home about – the empty Las Vegas Festival Grounds and an empty parking lot for the All Net Arena. 

Not quite the razzle-dazzle one might expect. 

Marc reveals what was promised and what was delivered.

He writes: ‘According to the Fontainebleau website, the Bleau rooms only come with a mountain view. We requested a Strip view and ended up with a little bit of both.

‘Technically, the Las Vegas Festival Grounds and empty lot for All Net Arena are on the Vegas Strip. Likewise, I can see the mountains to the west.’

Marc wasn’t too fazed, though: ‘I don’t spend much time looking out the windows, so this isn’t a big deal for me. The Gold rooms have views of the pools, mountains, and/or Vegas Strip if you’re looking for the best view.’ 

Marc is more fulsome in his praise for the hotel’s food and drink options. With 16 full-service restaurants and seven more ‘casual’ eateries in the Promenade (36 bars and restaurants in total) he couldn’t visit them all in his 48-hour stay, but was delighted with those he did.

He declares a slice of pepperoni pizza ($9/£7) from Miami Slice ‘delicious… the small pepperonis were ample and crispy’. At the other end of the financial spectrum, he was also impressed with the NY Strip Steak ($80/£63) he ate at Don’s Prime Steakhouse, which he says was a ‘perfect medium rare plus’.

He adored his visit to ‘Nowhere’ bar, a bustling spot where a live jazz band played old standards and the drinks were reasonably priced, while a room service breakfast of bacon and eggs was delivered speedily and proved delicious ($40/£31).

Don’s Prime Steakhouse at the Fontainebleau. One of two steakhouses on site, the upscale eatery offers ‘perfect’ NY Strip Steak according to reviewer Marc

The vast casino floor has 1,300 slot machines and 128 gambling tables 

The decadent casino floor at Fontainebleau, which cost $3.7billion (£2.9billion)

A pizza the action: What the Fontainebleau may have lacked for in ambience it made up for in sustenance, with Marc singing the praises of the gambling palace’s many food and drink offerings, particularly the ‘delicious’ $9 pepperoni pizza slices at Miami Slice (left). Pictured right – Marc’s cooked breakfast

Taking to the complex’s vast casino floor (Fontainebleau has 1,300 slot machines and 128 gambling tables) Marc notes that while the staff were friendly the minimum stake for games seemed to fluctuate with little rhyme or reason.

He notes: ‘Table minimums seemed to change often. I was at one Pai Gow Poker table where the minimum went from $15 to $25.’

Much was written about the design of the Fontainebleau ahead of its opening. ‘Art, architecture, and design are key components of our Fontainebleau culture and guest experience,’ Brett Mufson, Fontainebleau Development president, said in a statement ahead of the opening. After his visit, reviewer Marc concludes the complex was ‘beautiful but there’s no soul’.

Putting aside his concerns about the property’s teething problems, this was his major issue with his stay – the Fontainebleau seems to lack a sense of identity.

He argues: ‘Fontainebleau is a massive property that doesn’t have much of a vibe yet. That will take time to develop.

‘I have mixed feelings about Fontainebleau after spending 48 hours at the property. It’s usually somewhat easy to see the vision of a casino after one walk-through. I still don’t have a vision for the future of this property.

‘Frankly, nobody does. There will be changes large and small over the next few years.’

‘Art, architecture, and design are key components of our Fontainebleau culture and guest experience,’ Brett Mufson, Fontainebleau Development president, said in a statement ahead of the opening. This sculpture is titled History of Suspended Time and stands at one of the entrances

According to Marc, the Fontainebleau’s size seems to work against it having a ‘vibe’. ‘The property is beautiful, but it also feels like an airport or mall at times… there are also wide-open spaces around the property that feel cold. It’s almost like the building has too much space,’ he writes

Part of the issue seems to be the Fontainebleau’s sheer scale.

Marc writes: ‘The property is beautiful, but it also feels like an airport or mall at times. The casino areas are cozy but there are also wide-open spaces around the property that feel cold. It’s almost like the building has too much space.’

Although he had fun, as a long-time gambler and Vegas expert he couldn’t easily see who the hotel was designed for.

He adds: ‘Unlike some of the newest casinos opening, I’m unsure who Fontainebleau’s customers will be moving forward. The Christmas crowd had way too many families and they’re never indicative of a hardcore casino customer base on the Vegas Strip.

‘The number one takeaway is to be patient if you visit Fontainebleau soon.’

This article was written with the kind permission of TravelZork. To ready the original, visit travelzork.com/48-hours-fontainebleau-las-vegas/#h-what-s-the-vibe-fb-las-vegas. Find TravelZork on X (formerly Twitter) at @TravelZork and on Instagram at website

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A marvelous variety of completely new and incredible video games is offered in the Nintendo stable to enthrall its loyal people worldwide

A marvelous variety of completely new and incredible video games is offered in the Nintendo stable to enthrall its loyal people worldwide.

Here is genuinely a record with the some with the hottest as nicely as the newest games:

CALL OF DUTY – globe AT WAR

This video games draws inspiration in the hugely productive phone call of Duty 4. The video game provides the challenge as nicely as the edge-of-seat fighting in between the world’s reigning superpowers: USA, UK, and Russia.

WWE SMACKDOWN VS RAW 2009

Designed for perform on Nintendo DS, this video game capabilities new game-play controls that make use with the Stylus as nicely as the D-Pad to provide the game enthusiasts an awesome hand-held gaming experience.

JAMES BOND: QUANTUM OF SOLACE

It rides within the wonderful legacy of James Bond, and inspires its motion from his newest films Quantum of Solace and Casino Royale. The video game mixes first-person shooting with some stunning third-person motion sequences and transports the participant for the globe of global espionage.

PROFESSOR LAYTON as nicely as the CURIOUS VILLAGE

The video game gives a mind-boggling array of more than 130 puzzles that have to be sorted out since the participant uncovers the mysteries with the village. There is genuinely a excellent range of puzzles, ranging from riddles to mazes, and logical reasoning to sliding puzzles.

THE LEGEND OF ZELDA: PHANTOM HOURGLASS

This is genuinely a however an additional brilliant video game from the hugely productive Legend of Zelda series. Tetra and his adventurous gang of pirates have established out from the lookup of the new land, exactly where they come upon a excellent challenge.

STAR WARS: THE FORCE UNLEASHED

A marvelous video game from the legendary Star Wars sequence of video games designed by LucasArts, it promises a totally new degree of motion and new adventures from the universe’s quest for peace.

MARIO AND SONIC on the OLYMPIC GAMES

This video game promises excellent enjoyment for your lovers of sports. The game enthusiasts will compete in digital sporting gatherings which are held in spots inspired in the real venues with the Beijing 2008 Olympics.

LEGO BATMAN

This will be the newest video game in the arsenal with the award-winning very creative team that produced the LEGO Star Wars sequence of games. The video game transports the participant in to the globe of Batman, the ideal hero who has vowed to remove crime from earth.

PROFESSOR KAGEYAMAS MATHS TRAINING

A video game developed for Nintendo DS control, it trains the person inside a distinctive “100 rectangular calculations” technique that was designed by Dr. Kageyama, a math instructor in Japan. The DS hand-held console is applied side-ways like a guide to make use of this incredible brain-train game.

MYSIMS KINGDOM

This video game provides the traditional Sims game-play but in an completely new makeover. This is genuinely a excellent exploratory voyage inside a fantasy zone that is completely customizable through the participant as every his imagination.

CARNIVAL GAMES: MINI GOLF

This fabulous video game is exclusive for the Wii platform. It provides a range of incredible the game of golf programs along with a amount of caddy-shack video game modes.

GUITAR HERO: globe TOUR

This video game is packed having a enormous track-list of traditional and modern day music, and provides the person a selection of instruments which include the guitar, bass, drums or vocals.

SUMMARY: Nintendo capabilities some with the most favorite video game titles from the world, and its new video games assure plenty of creativity, motion and adventure for gambling online uk your gamers worldwide.

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Global hunt for one of Australia’s most wanted men over 1999 stabbing

An urgent global hunt for one of Australia’s most wanted men is on 25 years after he is believed to have left for Greece following an alleged nightclub stabbing murder.

NSW Police State Crime Command detectives and the Australian Federal Policeare seeking James Dalamangas, now aged 53 or 54, as the 25-year-long statute of limitations to prosecute him in Greece looms.

Mr Dalamangas has not been seen in Australia since soon after the April 25, 1999 fatal stabbing of Sydney father-of-two George Giannopoulos at the nightclub Knossus, also known as the Pariziana.

Police believe Mr Dalamangas left ‘soon after’ and went to live in his family’s home country, Greece.

Immediately after he vanished, his mother Chrysou or Christine Dalamangas said  her son was ‘always a good boy’.

She said he likely was hiding because he was ‘scared the police will do something to him … hurt him’ as she claimed they had after his brother Peter’s death.

James Dalamangas (above) one of Australia’s most wanted men is the subject of an urgent global hunt as time runs out to have him investigated over a 1999 nightclub stabbing

Police have released an age progression photo of James Dalamangas who would now be abuot 53 and is believed to be living in Greece

Police arrested James Dalamangas after his brother Peter, a 23-year-old telecommunications workers and bodybuilder, died in a brawl with security staff at Star City Casino on January 31, 1998.

James Dalamangas, then 28, was charged with assaulting casino guards on the same night his brother died.

The Dalamangas family campaigned for justice after Peter’s death, claiming he had been ‘murdered’ at Star City. 

But it was after the alleged incident in which Mr Giannopoulos die din the kitchen of the Knossus club that James Dalamangas vanished.

A warrant was issued for Mr Dalamangas’s arrest, but despite extensive inquiries he has never been located, although it is believed he is still currently residing in Greece.

After attempts in 2003 to extradite Mr Dalamangas from Greece were unsuccessful, Greek authorities agreed to commence prosecution over his alleged role in the murder. 

Police want to question Mr Dalamangas over the alleged 1999 nightclub stabbing murder of father-of-two George Giannopoulos (left)

CCTV of Peter Dalamangas, then 23, in a brawl with Star City casino staff after which he died

Greece suspended the process in 2007 when he could not be located, but police are appealing for anyone with information to come forward as ‘time is now of the essence’.

NSW Detectives released an age progression photo of Dalamangas, and say he is approximately 182 cm tall, has brown hair, brown eyes and a Greek inscription tattoo on his right forearm.

He may be using the names James, Jim or Tim with the surnames Dimitrious or Kanis.

‘We believe that someone in Greece would know where Dalamangas is living or working,’ State Crime Command criminal groups squad commander Detective Superintendent Grant Taylor said on Tuesday.

‘We wish those people who may know that information to come forward and tell the authorities. They can do that anonymously if they wish.’

Mrs Dalamangas said back in 1999 she had not seen her son since the afternoon prior to Mr Giannopoulos’ death.

A colleague of the late truck driver described the alleged victim being attacked with a ‘six inch knife’ at the premises and his putting ‘serviettes on George’s neck … he recovered for a while, then it was too late’.

CrimeGreeceSydneyNew South Wales

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