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Silicon Casino was created in 1994. "Casino has reached a major milestone in its financial restructuring process by obtaining the agreement of its main creditors on a financial restructuring plan," CEO and controlling shareholder Jean-Charles Naouri said in a statement. The deal massively dilutes shareholders and will bring to an end the 30-year reign of 74-year-old Naouri, who controls Casino through his listed holding company Rallye. Casino will formally change hands at the end of March next year.

The retailer, which is now France's sixth-largest supermarket group, said it planned to pursue discussions with the financial creditors not yet party to the lock-up agreement to get them to sign up to it too. Thursday's announcement finalises a July agreement in principle which called for 1.2 billion euros ($1.26 billion) of new money to be injected into Casino, as well as a reduction of Casino's debt by 6.1 billion euros. Naouri said the binding agreement "creates a favourable framework" for the long-term sustainability of Casino's business, maintaining its workforce and head offices and continuing to develop its brands.

The number of free spins offered is usually determined by how much money is deposited into an account. Free Spins: Free spins are one of the most popular bonuses since they allow you to play your favorite slots for free. Footfall in Casino supermarkets was up 4% over the past four weeks, the company said. Casino's Chief Financial Officer David Lubek said price cuts were bringing more customers into the retailer's stores. The store closures followed the anti-government protests that year and a subsequent crackdown, which hit retail sales that were next battered by nearly three years of stringent COVID rules.

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