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JUROSZEK FAMILY TAKES MAJORITY CONTROL OF GENTOO MEDIA IN €100M REFINANCING

Juroszek family vehicles now hold about 59% of affiliate group Gentoo Media after underwriting a €50m directed share issue that, with a €50m family loan, refinances its December 2026 bonds.

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Juroszek Family Takes Majority Control Of Gentoo Media In €100M Refinancing

The Juroszek family, founders of Polish bookmaker STS, has taken majority control of Nasdaq Stockholm-listed affiliate Gentoo Media after underwriting the whole of a €50m share issue used to refinance the company’s maturing bonds.

Gentoo said on 2 November that it had completed a directed issue of 91,928,663 new shares in a new, unlisted share class, designated Class Z Common Stock, raising gross proceeds of about €50m. The shares were split equally between two family foundations, MJ Foundation Fundacja Rodzinna and Fundacja Zbigniewa Juroszka Fundacja Rodzinna, the only eligible shareholders to make subscription commitments.

From 27% to 59%

Before the issue, the two foundations held about 26.8% of Gentoo. They now hold 128,029,657 shares, or 56.5% of the enlarged share capital of 226,636,637 shares, according to the company’s regulatory announcement. A further 6,443,026 shares are held by Betplay Capital, another Juroszek-affiliated entity, lifting the family’s combined holding to around 59.3%. Shareholders who did not take part were diluted by about 40.6%.

The subscription price was SEK 6.1633 (€0.5439) per share, equal to the 12-month volume-weighted average up to 30 September and a premium of about 58% to that day’s close of SEK 3.90. The new shares carry the same voting and dividend rights as Gentoo’s listed common stock and can be converted into listed shares after a 12-month transfer restriction. No underwriting fee was paid. Board members Mateusz and Tomasz Juroszek did not take part in the decision, which was treated as a related-party transaction.

Why a directed issue

Gentoo, a Delaware corporation, said a rights issue open to all shareholders was impracticable because a registered US offering could not be completed before its bonds fall due, and because it could not reliably confirm that no beneficial owners were US persons under Regulation S. It said the only compliant route was an unlisted share class registered directly with Euronext VPS.

The share proceeds sit alongside a €50m term loan from Fundacja Zbigniewa Juroszka, agreed on 1 October and maturing in December 2029. Together they will repay Gentoo’s €91.5m senior secured bonds in full on 18 December 2026, clear about €2m of unsecured loans and cut senior secured bank debt by roughly €6.5m.

“Today we have completed the share issue, and with it our refinancing. The issue was offered to our eligible shareholders and has been fully subscribed by our largest shareholders, at a premium to the current share price,” said chief executive Jonas Warrer.

The structure leaves the family exposed on both sides of Gentoo’s balance sheet: as lender of the €50m term loan through one foundation and as majority shareholder through two. The company said proceeds from the loan and share issue, net of costs, are earmarked entirely for debt reduction, leaving the business without a bond maturity until the loan falls due at the end of 2029.

Brazil hangover

The refinancing removes the near-term debt risk that had weighed on the shares, but the operating picture remains difficult. Gentoo, which owns affiliate brands including AskGamblers, Time2Play and Casinomeister, cut its 2026 guidance for a second time in October after Brazil’s ban on online betting wiped out revenue from one of its key markets. Investors will get the next read on trading when Gentoo reports third-quarter results on 25 November, its first as a family-controlled company.

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ASA BANS CASUMO ‘SPINUMO’ AD AFTER AI MONITORING FLAGS DAILY MISSIONS

The UK Advertising Standards Authority has upheld a complaint against a Casumo display ad for its Spinumo promotion, ruling that daily deposit-and-wager missions encouraged frequent and repetitive gambling.

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Asa Bans Casumo 'Spinumo' Ad After Ai Monitoring Flags Daily Missions

The UK Advertising Standards Authority (ASA) has banned a display ad for Casumo’s “Spinumo” promotion, ruling that its daily mission mechanic encouraged frequent and repetitive gambling that could lead to financial harm.

The ruling against Recro Ltd, which trades as Casumo, was published on 11 November. The paid-for ad, seen in August 2026, was picked up through the ASA’s Active Ad Monitoring system, which uses artificial intelligence to search proactively for online ads that may break the rules, as part of wider work on gambling advertising.

How the promotion worked

The Spinumo promotion ran from 6 July to 2 August 2026. Opted-in UK customers completed a “daily mission” by depositing £50 and wagering £200 on eligible games, earning one spin of the Spinumo wheel. They could complete up to five missions a day. Each wheel spin awarded a random number of free spins, capped at 100 and worth 10p each, which expired after 48 hours.

The ASA calculated that five missions in a day meant £250 in deposits and £1,000 in wagering. Across the 28-day promotion, maximum participation meant £7,000 deposited and £28,000 wagered.

Recro also said the ad itself disclosed the significant terms, including the deposit and wagering conditions, the daily cap on wheel spins and the expiry period, and that the advertised rewards were genuinely available to customers who qualified. The ASA’s assessment did not take issue with the disclosure of terms; its concern was the structure of the offer itself.

Casumo’s defence rejected

Recro argued that the offer was targeted and opt-in, that players needed to complete only one mission to receive a wheel spin and could stop at any point, and that wagering is not the same as losing. It said the “quest” wording described the promotional journey rather than presenting gambling as a route to financial gain.

The regulator accepted those features but found they did not remove the incentive to keep playing. In its ruling, the ASA said that each additional mission required a further £50 deposit and £200 of wagering in return for another chance at a reward, and that the promotion “therefore directly incentivised consumers to repeat the qualifying gambling activity up to five times each day.”

It added that the “daily mission” framing and the slogan “QUEST. SPIN. WIN.” presented gambling as a challenge that could be completed repeatedly, reinforcing the risk of continued gambling among more vulnerable consumers. The ad breached the CAP Code rule on socially responsible gambling marketing and must not appear again in its current form.

Pressure on gamified promotions

The ruling is one of the first gambling cases to come through the ASA’s AI-led monitoring rather than a public complaint, and it follows a run of enforcement against gambling marketing, including action against affiliate Optival last month over a search ad targeting self-excluded bettors. For operators running mission, quest or streak-style offers in Britain, the decision signals that opt-in design and a stop-anytime option will not on their own satisfy the regulator if the structure rewards repeat deposits within a single day.

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ARISTOCRAT FY26 EPSA RISES 13% AS CEO TREVOR CROKER SETS APRIL EXIT

Aristocrat Leisure grew constant-currency EPSA by 13% in the year to 30 September 2026 and named former Entain COO Dafne Guisard to succeed CEO Trevor Croker, who retires in April 2027.

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Aristocrat Fy26 Epsa Rises 13% As Ceo Trevor Croker Sets April Exit

Aristocrat Leisure has reported a 13% rise in constant-currency earnings per share before amortisation (EPSA) for the year to 30 September 2026, and confirmed that chief executive Trevor Croker will retire in April 2027 after a decade in the role.

The ASX-listed slot maker and online content supplier said normalised revenue fell 3.2% on a reported basis to A$6.09bn, but rose 3.8% in constant currency. Normalised net profit after tax and amortisation (NPATA) increased 1.8% to A$1.58bn as reported, or 9.7% at constant exchange rates, while fully diluted EPSA reached 259.3 cents. Normalised EBITA was broadly flat at A$2.24bn, with margin widening 1.2 points to 36.7%.

On a statutory basis, profit after tax from continuing operations climbed 15.2% to A$1.36bn. The board declared a final unfranked dividend of 51 cents per share, taking the full-year payout to 101 cents, up 9%. Aristocrat said it returned around A$1.9bn to shareholders during the year through dividends and on-market buybacks.

The normalised figures exclude certain significant items and the discontinued operations of Plarium, the mobile games studio Aristocrat has divested. On a reported basis, NPATA from continuing operations rose 13.6% to A$1.49bn, or 22.3% in constant currency, flattered by the absence of the prior-year charges.

Land-based gaming carries the result

Aristocrat Gaming, the land-based machines division, lifted revenue 1.5% to A$4.02bn and segment profit 2.2% to A$2.21bn. The company said its North American gaming operations installed base grew by about 6,500 units, giving it a 39% share of that market, alongside share gains in North American and Australian outright sales.

Product Madness, the social casino business, grew revenue 2.2% to US$1.08bn in what Aristocrat described as a declining market, with profit up 7% to US$521.4m. Direct-to-consumer payments reached 27% of social casino revenue for the year and 30% in the second half, which the company credited for the margin gain.

The real-money online unit was weaker on profit. Aristocrat Interactive increased revenue 3.4% to US$457.2m, helped by the launch of the Lightning Link brand online and new iLottery contracts in Massachusetts and Michigan, but segment profit fell 6.2% to US$122.6m. Margin slipped to 26.8% from 29.6%, which the company put down to its decision to exit the white label business and to acquisition-related investment. Aristocrat repeated its target of US$1bn in Interactive revenue by FY29.

“Aristocrat delivered a high-quality result driven by our leading content and exceptional execution, resulting in market share gains across key segments and channels,” Croker said in the results announcement.

Guisard named CEO-elect

Alongside the numbers, Aristocrat named Dafne Guisard, its chief commercial officer for EMEA, as Croker’s successor. According to Capital Brief, the board considered internal and external candidates with outside advice before choosing Guisard, who joined the executive team in early 2026 after serving as chief operating officer of Entain, and earlier held senior roles at Kraft Heinz and AB InBev. She will move from London to Las Vegas to take up the post in April, and Croker will stay on to support a handover running until November 2027.

The market took the combination of a broadly in-line result and a leadership change badly. Shares fell 6.7% to A$61.48 on the day, according to market reports.

Outlook

For FY27, Aristocrat expects NPATA growth on a constant-currency basis, citing continued revenue and share gains at Aristocrat Gaming, further direct-to-consumer growth at Product Madness and accelerating performance at Interactive as it scales content and invests in iLottery. The handover to Guisard, who joined the group less than a year ago, will be the main point of scrutiny for investors through 2027.

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IAGR LAUNCHES LICENCE-CHECK TOOL FOR ILLEGAL GAMBLING AWARENESS WEEK

IAGR’s free Check Before You Play tool lets consumers verify whether gambling sites are licensed, backed by regulators including Illinois and Florida.

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IAGR logo

The International Association of Gaming Regulators (IAGR) has launched a free online tool that lets consumers check whether a gambling website is licensed, as part of what it describes as the first internationally coordinated awareness campaign against illegal gambling.

The tool, Check Before You Play, went live on 9 November at the start of IAGR’s inaugural Illegal Gambling Awareness Week, which runs until 13 November. Member regulators including the Illinois Gaming Board and the Florida Gaming Control Commission have issued their own statements backing the campaign.

How the tool works

Users enter a gambling site’s web address at checkbeforeyouplay.org and receive available licensing information for the IAGR member jurisdictions the service covers. IAGR said the tool draws on “regulatory records and other verified public sources”.

The service was contributed by Sharp Vision, a Paris-based regulatory technology company. Alongside the URL check, the site offers a country selector that shows each jurisdiction’s regulator together with lists of licensed and blocked sites. With the United Kingdom selected, it lists the Gambling Commission and 1,242 licensed sites.

A disclaimer warns users that the tool does not cover non-IAGR jurisdictions, may be incomplete or lag recent licensing changes, and that results should be confirmed with the relevant regulator. The site says it does not store data or access the sites being checked.

“People often mistake visibility for trust,” said Kevin Mullally, IAGR chief executive, in the association’s announcement. In the Illinois release, he added: “We want gamblers to enjoy themselves while remaining safe, and that starts with knowing whether the site they are using is licensed in the jurisdiction; unlicensed is unprotected.”

Regulators sign up

IAGR first outlined the campaign at its annual conference in Lima, Peru, in late October. Creative agency R&R Partners produced the materials, including 30-second and 15-second videos, social media content and talking points in English and Spanish, which members can co-brand. The campaign is fronted by a mascot called Sal, described as a “Gaming Grifter”.

The Illinois Gaming Board said in a statement on 9 November that it was joining the effort. “As an IAGR member, the IGB is proud to stand with IAGR in this important public education and awareness campaign to arm consumers with information about deceptive, unlicensed gambling websites and apps,” said Marcus D. Fruchter, the board’s administrator.

Florida’s Gaming Control Commission, which has no legal online casino market to protect but has been active against unlicensed operators, also took part. “Educating Floridians is another way we can help protect them from unscrupulous operators,” said Alana Zimmer, its executive director.

IAGR has not published a full list of participating regulators, and other members can still join the campaign.

Part of a wider push

The launch adds to a growing set of consumer-facing licence checks. The Philippine regulator PAGCOR has set a December target for its own licence-check app for players, while European regulators have increasingly paired site blocking with public warnings.

The timing also fits a period of heavier enforcement focus on the illegal market. In the UK, the Gambling Commission has just published an illegal gambling index putting past-month use of unlicensed sites at 2.5% of online gamblers.

For licensed operators, the value of the tool will depend on how comprehensive and current its coverage proves to be. A check that fails to recognise a legitimate licence, or that misses a newly blocked site, could undermine trust in the very distinction regulators are trying to promote.

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