Casino shareholders, creditors clear accelerated protection plan

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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Casino Games With The Best Odds

While many of us are in no way experts, and we just tag along to a casino to have a little fun, and see if fate happens to be on our side, there are actually games that you should prioritise when playing. Why, you ask? Well, many of these casino games actually come with odds or an edge that you can know about before you start playing. What an edge specifically means is, there is a degree or a percentage that works against you and is in favour of the casino winning. While the percentages can vary for each kind of game you play, it is important to know these values, especially if you are a beginner. It can help you give yourself the best chance of winning, which should be anyone’s goal when they play at land-based casinos or a casino online!

Casino Games With The Best Odds

Before we do start going into detail of the games with the best odds, it is important for you to know that not all casino games will be generous or favourable to you and your wallet. In fact, there is a saying that the house always wins, due to the odds that are against you before you even start playing. This is why many of the professionals are constantly forming strategies and methods of heightening their gambling techniques when they are in the game, which is what you will most likely do as you become more experienced. Nevertheless, use this article as means to become more familiar with the games that you happen to introduce to yourself along your journey.

The best games to play

So, when you first enter the casino hall, you need to remember one thing. Casino table games will always have better odds at winning than your standard slot games on the casino floor. There is not a ‚why‘ to this reason, it is just the way it is, so always keep that in mind when you are making your selections. It certainly will help you when you build up the confidence of playing.

Blackjack: 49% chance of winning

Blackjack is a firm favourite of the gambling community, that there is no doubt. A simple game when you first contemplate playing it, but of course the further you get into it, the more opportunity you have if exploring betting opportunities that the game has to offer. This game has you playing against the dealer, and more than one person can play alongside you, but you will not be playing it out with each other, all that force will be directed to the dealer only. Whoever gets the closest hand to 21 is the winner and will of course win bets placed within the game. It could be you, it could be the dealer, but go into it knowingly, that the odds against you will be 51%, which is huge but still one of the best games out there for odds in your favour.

Winning blackjack will always be about the chance more than the skill, as the cards that happen to be in your hand you do not choose, it is all by random occurrence of course. Next time you happen to be in Vegas and pop down to the Venetian Resort, you should definitely be at a bit of an advantage, knowing which games pay you the best, right?

Craps: 50% chance of winning

Casino Games With The Best Odds

Craps is another game that you need to add to your list to play. The entire game is composed of you and other players, alongside a shooter that will roll the dice. The coming out roll, is the first roll that is played within the game essentially. For the shooter to win (who you are betting against), they need to roll a 7 or an 11. If you happen to make a pass line wager within the game, that possesses the odds of 50/50, which is the highest variant of odds in the game. There are more outcomes that are not so achievable and will have harder odds to achieve, so be less specific about the bets you want to make!

The worst games to play

Slots: 1 in 49.8 million chances

You heard us say that slots are not the best for you to try out earlier, and we meant it. Did you know that slot games are super difficult to win, as there are so many outcomes that could happen when you spin that wheel? Usually players often spend huge amounts to get just one win, which is never guaranteed as a large amount. Often it is the smaller payouts that have a better chance of winning, when you chose to play a low variance slot.

Big Wheel/ Wheel of Fortune: 26% chance of winning

When you play this game, you will bet on the wheel landing and stopping on a label that you prefer. It can be any money variants, or of course a Joker. Whatever the wheel stops on, is what you will win. Usually you can bet on super low limits, meaning it is possible to actually bet $1 and come out with more, but that is a small possibility. The payouts are pretty low, as yet the casino edge is high, so stay vigilant!

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Sharon Stone reveals biggest fear for her sons in today’s society

Sharon Stone’s biggest worry about her teenage sons growing up in today’s society is their exposure to online pornography.

The actress, 65, is mother to her adopted teenagers Quinn, 17, Laird, 18, and an older adopted son Roan, 23.

America star Sharon adopted her eldest son with her ex-husband Phil Bronstein, who she split from in 2004, and then adopted Laired in 2005 and Quinn a year later.

She has now revealed her concerns for her boys as they grow into young adults. 

Sharon told Harper’s Bazaar Spain: ‚Without a doubt Internet pornography. Although I hate the image that it projects of women, I find the way in which it steals intimacy and the joy of that intimacy even more serious.‘

Sharon Stone’s biggest worry about her teenage sons growing up in today’s society is their exposure to online pornography (Sharon pictured last month)

The actress, 65, is mother to her adopted teenagers Quinn, 17, Laird, 18, and an older adopted son Roan, 23

The screen star went on to say she believes society has not shifted too much despite the rise of feminism and movements such as Me Too, the survivor-led movement against sexual abuse and violence.

When asked if it it’s better being a woman in the western world today, she said: ‚No. At least in the United States. 

‚I think men were so intimidated by #MeToo that to punish us they decided to cancel Roe v. Wade [refers to the decision of the United States Supreme Court to overturn a 1973 ruling that guaranteed abortion in the country]. 

‚#MeToo made them behave like rabid animals.‘

It comes after it emerged Sharon pitched studio executives a Barbie movie in the 1990s.

But the blonde beauty – who was very hot off her thriller Basic Instinct at the time – said she was laughed at. 

The Casino actress recalled how film chiefs poured scorn on her idea for a film about the iconic toy doll.

Now she is grateful for the changes that have happened in Hollywood that led to Margot Robbie’s hugely successful blockbuster last year.

Sharon pitched studio executives a Barbie movie in the 1990s. But the blonde beauty – who was very hot off her thriller Basic Instinct at the time – said she was laughed at

The Casino actress recalled how film chiefs poured scorn on her idea for a film about the iconic toy doll. Now she is grateful for the changes that have happened in Hollywood that led to Margot Robbie’s hugely successful blockbuster last year

Commenting on an Instagram post showing Barbie star America Ferrera’s speech at the Critics Choice Awards last weekend, Sharon wrote: ‚I was laughed out (of) the studio when I came (with) the Barbie idea in the ’90s (with) the support of the head of Barbie.

‚How far we’ve come. Thank you ladies for your courage and endurance,‘ the Quick And The Dead actress added.

Sharon is not the only actress who has seen a Barbie movie fail to materialise.

Anne Hathaway had held initial talks with both Sony and Mattel about starring as the doll in a picture.

However, the Armageddon Time star thinks it is ‚lucky‘ that her movie was shelved as Greta Gerwig’s film proved to be a smash hit when it was released last summer.

Speaking on the Happy Sad Confused podcast, she said: ‚What’s so exciting about what Greta and Margot and that phenomenal team [did] is they hit a bullseye.

‚The bullseye caused the entire world to reach this level of ecstasy. Now imagine that version…that much energy, that much anticipation, that much emotion…but it’s not the right version. I actually think of it as a lucky thing [it didn’t get made].‘

Commenting on an Instagram post showing Barbie star America Ferrera’s speech at the Critics Choice Awards last weekend, Sharon wrote: ‚I was laughed out (of) the studio when I came (with) the Barbie idea in the ’90s (with) the support of the head of Barbie

Joe Pesci and Stone with their arm around each other in a scene from the film Casino, 1995

Anne doubts that her movie could have lived up to the hype surrounding Margot and Greta’s project.

She said: ‚If I believed that the version I was attached to could have done that, I might feel differently about it, but I genuinely think their film was the best possible version.

‚It’s easy just to be thrilled and happy [for them]. I love watching women kill it. To do so well, so undeniably that they actually had to write new records…come on! I think it will probably make things better.‘

Amy Schumer also hoped to star in a Barbie movie. 

This comes after Stone said she already has an actress in mind to play her in a movie about her life.

The movie icon went from brainy and bullied student in Pennsylvania to bombshell movie star thanks to Basic Instinct then to stroke victim to survivor and now painter, she detailed in her tell-all book The Beauty of Living Twice.

The 65-year-old blonde bombshell was dressed in a Barbie pink blazer when she sat down with The Lady Gang Podcast to discuss the person who could fill the diva’s stilettos.

Stone said Margot Robbie, 33, was the perfect star.

Stone wants Margot Robbie to play her in a movie, she told The Lady Gang podcast this week. Sharon, left, last year and Margot, right, in the Barbie movie

‚I adore Margot Robbie so probably her,‘ offered the actress. ‚She is so talented. After I saw her playing Tonya Harding I was like you’re it.‘

The former Playboy cover girl also agreed that Robbie was ‚the greatest‘ as she chatted with the two female hosts.

Robbie is at the height of her career at the moment after starring in this year’s summer blockbuster Barbie which, so far, has made $1.4B at the global box office.

The film, about how Barbie and Ken are having the time of their lives in the colorful and seemingly perfect world of Barbie Land, showed off not just Margot’s beauty but also her ability to switch between perfect and imperfect at the drop of a hat.

America FerreraMargot RobbieCritics Choice Awards

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