News

Casino sees no impact of S&P move on Rallye debt covenants
Jan 18 Casino CFO Antoine Giscard d'Estaing tells analysts following S&P decision to place Casino's debt on creditwatchneative:
* Says Rallye bank debt covenants do not depend on Casino share price or rating. * Says S&P decision to place Casino's debt on creditwatch negative has no impact on Rallye's bank debt covenants * Says there are no covenants on Rallye bonds
* Says Casino is confident in Brazil's GPA unit ability to deliver a good performance in 2016
Source: Reuters Website

Thai Central says 'keen to bid' for retailer Casino's Thai, Vietnam stores
BANGKOK, Jan 18 Thailand's biggest retailer, Central Group, said it may bid for French supermarket firm Casino Group's Thai and Vietnam stores, seeking control of a business it already partly owns as a platform for growth in fast-growing Southeast Asia.
"We are interested in both (Casino-controlled) Big C in Thailand and Vietnam," PrinChirathivat, deputy chief executive officer told Reuters in a phone call. "If the prices are not too expensive, we will be keen to bid," Prin said.
Source: Reuters Website

Central Group eyes Casino's units in Thailand, Vietnam
Thailand's largest retail conglomerate Central Group is keen to bid for Casino Group's Thai and Vietnam operations, a company executive said.
Casino owns 58.6% of Big C Supercenter Plc, which has a total a market value of $5.5 billion. Casino said last week it was keen to sell this stake after announcing it would sell its Vietnam unit in the first quarter.
Source: Bangkokpost Website

Bitcoin Video Casino Maintains Fair Gaming Practices
Renowned and reputed Bitcoin gaming website, Bitcoin Video Casino, has ensured players that it uses the best standards to protect their bets from online frauds.
Online casinos are often looked as placed where chances of cheating is quite high. It is due to the fact that many bad actors still functions within this industry, for their have been multiple cases in the last few years that speaks about players losing huge bets due to shady interferences.
Source: Newsbtc Website

Casino operator looks outside Asia to counter China slowdown
Philippine casino operator Bloomberry Resorts has been shifting its focus, eyeing countries outside Asia for expansion.
The company has been struggling of late, due in part to the slowing economy in China. So it is scrambling instead to expand its operations in countries less affected by the slowdown in the world's second-largest economy.
Source: Asia.nikkei Website