Casino shareholders, creditors clear accelerated protection plan

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PARIS, Jan 12 (Reuters) – Casino shareholders and creditors on Thursday gave the green light to a plan led by Czech billionaire Daniel Kretinsky to bail out the debt-ridden French retailer.

Sixteen out of 17 classes the shareholder and creditors were divided into to cast their votes – electronically and at a meeting held on Thursday – approved a draft protection procedure Casino entered into in October, Casino said in a statement on Friday.

The procedure allows its future leadership to finalise a deal to restructure the group’s debt and revive its business,

In December 2023, it was extended by two months to Feb. 25.

Casino shareholders (class 7) voted 98.87% in favour of the procedure, while it enjoyed far less success among EMTN, high yield and treasury bonds creditors (class 3), who voted 68.55% in favour, and creditors holding perpetual subordinated notes (class 6) of whom 75.62% voiced their approval.

A new leadership team formed around Kretinsky is set later this year to take control of France’s seventh-largest supermarket group by market share, which was brought to the verge of default after years of debt-fuelled acquisitions and recent losses in market share to rivals.

Current shareholders will be massively diluted under a restructuring deal which will end the 30-year reign of 74-year-old Jean-Charles Naouri, who controls Casino through his listed holding company Rallye.

Kretinsky’s consortium will own and control 53.7% of Casino’s share capital under the deal, which calls for 1.2 billion euros of new money to be injected into Casino, as well as a 6.1 billion euro reduction of Casino’s debt. (Reporting by Dominique Vidalon and Piotr Lipinski; Editing by Benoit Van Overstraeten and Kim Coghill)

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Discover The Best Online Casinos in New Zealand – Bonuses, Jackpots, And Games Available

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Are you wondering which are the best online casinos in New Zealand? With so many different casinos available, it can be difficult to know how to choose the right one. This article is here to provide valuable information and advice on what to look out for when deciding where to play. Here, we will discuss various features and benefits of playing at these casinos, such as bonuses, deposit options, games available, payouts, and more. It will also provide advice on how to choose the best online casino for a player’s needs, such as looking at the selection of games, the average withdrawal times, and the wagering requirements.

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What Are The Best Online Casinos in New Zealand?

If you’re looking for a luxurious and exciting gaming experience, then look no further than the best online casinos in New Zealand. From jackpots to high-paced games of chance, these reliable and reputable sites provide real money gaming with all the thrills of Vegas – without ever leaving the comfort of your own home!

Online casinos offer plenty of generous bonuses that allow new players to try out the games without spending a dime. Deposit bonuses are especially popular, which can give players additional funds or free spins after making their first deposit. Meanwhile, loyal players may be rewarded with loyalty points that can be redeemed for bonus cash or prizes. It’s worth researching offers from different online casinos with NZ dollar deposits before signing up at website

New Zealand players also have plenty to choose from when it comes to payment methods. Most online casinos will accept debit cards, credit cards, eWallets such as PayPal and Skrill, and bank transfers – so there is something to suit everyone

What Games Are Available at Online Casinos in NZ?

The great thing about online casinos in New Zealand is the sheer number of games available. From classic slots and progressive jackpot slots to blackjack and roulette, there are plenty of options to keep you coming back for more.

If slots are your thing, then you’ll be spoilt for choice. Many online casino offer hundreds of different slot games, from the classic 3-reel slots that first made their appearance in the US in 1890s, to cutting-edge 5-reel ‘Video Slots’ with amazing special effects and bonus rounds.

Table games such as Blackjack, Roulette, Baccarat and Craps have been around for centuries and have now made their way onto the internet. And if you prefer something a little bit different, then you can try out a range of other casino games such as Bingo, Keno and Scratch Cards.

How Do I Choose The Best Online Casino For Me?

Choosing the best online casino is an individual decision – everyone has different gaming needs! To make sure you get the most out of your gaming experience, here are some important steps worth considering:

Look at the selection of games offered: New Zealand players have an abundance of choice when it comes to online casino games. So, if you’re looking for a precise type of game, or want to find an online casino that offers a wide selection, then make sure that you check out their games library.

Check average withdrawal times: Before signing up for an online casino, it’s important to research their withdrawal times to make sure that your winnings can be received in good time.

Read reviews and testimonials from players: Checking out what other players have said about a casino is always worth your while. This is one of the best ways to gain an honest perspective on user experience, customer service and game fairness.

Consider wagering requirements: Most bonuses come with wagering requirements – also known as playthrough requirements – which you must meet before you can withdraw any money won with bonuses. Be sure to carefully read over the terms and conditions so that you know exactly what you are agreeing to.

Research licensing information: It’s important to make sure that the online casino you’re playing at is licensed and regulated. Look for sites that are fully certified by authorities such as the UK Gambling Commission, Malta Gaming Authority and Kahnawake Gaming Commission.

Compare payment methods: Most online casinos won’t charge any fees for deposits or withdrawals, but be sure to check this out before signing up. Also look into how long it takes to process transactions.

Evaluate customer support: If you ever run into a problem when playing at an online casino, then it’s always nice to have backup. Read through their customer service policies to make sure they provide helpful and dedicated support around the clock.

Examine security measures: Check that the online casino uses robust encryption technology to protect your personal and financial data. This will help you to feel safe while enjoying a few games.

What Should I Know Before Playing At An Online Casino In NZ?

Before playing for real money at an online casino, it’s important to take a few moments to familiarise yourself with the rules of the game and any other terms and conditions. Doing this will ensure that you know exactly what you’re getting into. Here are some other tips to bear in mind:

Understand the rules of each game: Make sure that you understand the rules of your chosen game as well as any specific variations. This will help to increase your chances of winning.

Read terms and conditions: All online casinos have terms and conditions, so make sure that you read through these thoroughly before making any deposits or playing for real money.

Set a budget: It’s important to remember to gamble responsibly. Set limits on how much you can spend before starting, and stick to this.

Be aware of responsible gambling: Many online casinos provide support for players who may be at risk of developing a gambling addiction. Stay in control of your gaming – if you feel like you need extra help, then make sure to reach out.

Know your rights as a player: Always make sure to check the laws in your jurisdiction before playing at an online casino. This will help to ensure that you have all the necessary protection if an issue should arise.

What Are Some Tips For Playing At An Online Casino in NZ?

Once you’ve chosen your online casino of choice and familiarised yourself with the rules, it’s time to start playing! Here are some tips to keep in mind while you’re playing:

Start with low stakes games: If this is your first time at an online casino, then it makes sense to start with low stakes games. This will give you the chance to learn the rules of each game without risking too much money.

Take advantage of bonuses and promotions: Make sure you take full advantage of any welcome bonuses, loyalty schemes or other promotions offered by the online casino. This could give you some extra funds to play with.

Play within your bankroll limits: Once you have a budget in mind, it’s important to only play games with stakes that you can comfortably afford.

Manage your time wisely: Before you start playing, it’s worth setting yourself a time limit so that you don’t get too distracted. This will help to ensure that you stay on track.

Don’t chase losses: If things aren’t going your way, then play conservatively and take a break. Chasing losses can quickly lead to bigger losses, so make sure to keep your wits about you.

Quit while you’re ahead: Nothing beats the thrill of winning! So if luck is on your side and the chips are in your favor, it’s best to take your winnings and enjoy them.

Have fun!: Remember to have fun while playing online casino games – this is what online gaming is all about after all! Enjoy the thrills of gambling responsibly and make sure to take regular breaks.

With careful research and consideration, you can find the best online casino in New Zealand for your needs. Once you’ve done your homework and chosen the right site, you’ll be able to enjoy a thrilling casino experience right from the comfort of your own home.

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Coco Gauff serves up warning to Australian Open rivals

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Thrill-seeking Coco Gauff has rocketed down the fastest serve of the women’s tournament en route to a rapid-fire entry to the Australian Open fourth round in Melbourne.

The reigning US Open champion cast friendship aside in a commanding 6-0 6-2 victory over fellow American Alycia Parks on Margaret Court Arena on Friday.

Gauff clocked one delivery at 199kph but was more pleased about converting all five break points against her 23-year-old compatriot.

“It’s tough because she’s a big server, so you’re not going to be able to strike as much as you want to,” said fourth seed Gauff.

“I did a good job with that and also mixing the height and the pace of the ball.

“She’s a big hitter, she likes it fast. So I was just trying my best to be aggressive when I could but also just playing with margin.”

Despite the one-sided victory, Gauff is predicting a bright future for Parks, who broke through to claim her maiden WTA Tour title last season in Lyon.

“I’m really happy with how I played today,” Gauff said.

“The scoreline says different, but she’s a tough player. She hits the ball big and online usa casinos no deposit I’ve known her since I was like nine or eight years old, probably even younger than that.

“This was our first time ever playing, juniors or pro, but hopefully we can have many more matches in the future.”

Riding a 10-match grand slam winning streak, and yet to lose in 2024 after taking the title in Auckland, Gauff has yet to drop a set this campaign and needed only a total of four hours, 20 minutes on court to make the second week.

Such efficiency has left the Crown-loving 19-year-old with more down time, and resisting the urge to hit the tables seems to have been more of a battle than her Open rivals so far.

“I have not gone to the casino yet, but I did last year and I won in roulette so I can see how people get addicted to that,” said Gauff, who bungee-jumped off the 53-story-tall Auckland Sky Tower in New Zealand.

“But here we’ve been doing mini golf, escape rooms, eating a lot and just watching the tennis.

“I always enjoy Melbourne. It reminds me of Florida a little bit with the weather and the crowds here are very nice.

“We love being here in Australia.”

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