Tag: MENA

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XR Casino Aims to Disrupt Online Gambling and Sports Betting Industries through Augmented Reality (AR), Mixed Reality (MR) and Virtual Reality (VR) Technologies

XR Casino – Mixed Reality

Players can set up a casino in any room.

Global Extended Reality Market size expected to grow from 33 billion USD in 2021 to over 125 billion USD in 2026, at CAGR of 30%

US online sports betting market size expected to grow at 50% CAGR to reach 15 billion by 2025

Online gambling market size expected to grow at 11.5% CAGR to reach 127 billion USD by 2027

SAN JUAN, Puerto Rico, July 09, 2021 (GLOBE NEWSWIRE) — via InvestorWire — XR Casino, Inc (“XR Casino” or “The Company”), the first-ever cross-technology, multiplayer, blockchain technology-based online gambling platform for Extended Reality (XR) technologies such as Augmented Reality (AR), Mixed Reality (MR) and Virtual Reality (VR), today announces its MVP release date.

XR Casino – Virtual Reality

Use your favorite VR headset.

The Company is developing the first-ever extended reality platform that will allow users of different devices to play XR casino games with each other. The initial games include blackjack, roulette and slots and will be featured in its MVP version launching on August 21, 2021. Sports betting, baccarat, bingo, craps, poker and keno are in the development pipeline.

The list of supported devices includes Microsoft’s Hololens 1 and 2, Magic Leap’s Magic Leap 1, HTC Vive, Oculus Quest 2, Samsung’s Gear VR and AR-enabled smartphones as well as devices such as the Apple iPhone, iPad and over 39 Android smartphones and devices.

Game features include:

  • Multiplayer Games
  • Private Game Rooms
  • Public Game Rooms
  • Text and Voice Chats

“XR technologies are changing the way we interact with each other and eliminating the need for expensive equipment,” said XR Casino CEO Dan Martinez. “Tech giants such as Apple, Google, Facebook and Microsoft have invested heavily into AR, VR and MR to speed up mass adoption through both hardware and software solutions. XR Casino has first mover’s advantage in providing XR SaaS solutions to online, traditional casinos and sports betting companies. Our solutions create value for the gambling industry and offer competitive differentiation to attract new Generation X, Y and Z players worldwide.”

XR Casino – Mobile Augmented Reality

AR is already enabled in many smartphones including Apple iPhones.

About XR Casino, Inc.

XR Casino, Inc. is the first-ever cross-technology, multiplayer, blockchain technology-based online gambling platform for Extended Reality (XR) technologies such as Augmented Reality (AR), Mixed Reality (MR) and Virtual Reality (VR). For more information visit www.xr.casino.

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company’s website and filings.

Contact:
info@xr.casino
investors@xr.casino

Wire Service
InvestorWire
Los Angeles, California
www.InvestorWire.com
212.418.1217
Editor@InvestorWire.com

Photos available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ed5cfbf3-755a-4c5f-a832-9d14cafd7e7f
https://www.globenewswire.com/NewsRoom/AttachmentNg/cfda210a-f73a-4a23-909d-d1a5967ecda4
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Nyxoah Announces Closing of Nasdaq Initial Public Offering and Underwriters’ Full Exercise of Option to Purchase Additional Shares

REGULATED INFORMATION
INSIDE INFORMATION

Nyxoah Announces Closing of Nasdaq Initial Public Offering and Underwriters’ Full Exercise of Option to Purchase Additional Shares

Mont-Saint-Guibert, Belgium – July 8, 2021, 10:30pm CET / 4:30pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced the closing on July 7, 2021 of its initial public offering in the United States (the “Offering”) of 2,835,000 ordinary shares at a price to the public of US$30 per share for total gross proceeds of US$85.1 million before deducting underwriting discounts and commissions and estimated offering expenses. In addition, Nyxoah announced today that the underwriters of the Offering have exercised their option to purchase additional shares in full. The option to purchase additional shares granted to the underwriters was for the purchase of up to an additional 425,250 new ordinary shares, at the public offering price of US$30 per share, before underwriting discounts and commissions. This exercise will bring the total gross proceeds of the Offering to US$97.8 million before deducting underwriting discounts and commissions and estimated offering expenses.   The closing of the exercise of the option to purchase additional shares is expected to occur on July 9, 2021, subject to the satisfaction of customary closing conditions.

Piper Sandler, Stifel and Cantor acted as joint book-running managers for the offering. Degroof Petercam acted as a co-manager.

A registration statement relating to the ordinary shares was filed with the Securities and Exchange Commission (“SEC”) and declared effective on June 30, 2021. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification or publication of an offering prospectus under the securities laws of any such state or jurisdiction.

The offering of ordinary shares was made only by means of a prospectus. A copy of the final prospectus can be obtained from Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, by e-mail at prospectus@psc.com, or by phone at (800) 747-3924; Stifel, Nicolaus & Company, Incorporated at Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA 94104, by telephone at (415) 364-2720, or by email at syndprospectus@stifel.com; or Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 4th Floor, New York, New York 10022; email: prospectus@cantor.com.

Forward-Looking Statements
This press release includes certain disclosures that contain “forward-looking statements,” including, without limitation, statements regarding the closing of the shares to be sold pursuant to the exercise of the option to purchase additional ordinary shares. Forward-looking statements are based on Nyxoah’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and could cause actual results to differ. Forward-looking statements contained in this announcement are made as of this date, and Nyxoah undertakes no duty to update such information except as required under applicable law.

IMPORTANT INFORMATION
No public offering will be made and no one has taken any action that would, or is intended to, permit a public offering in any country or jurisdiction, other than the United States, where any such action is required, including in Belgium. Belgian investors, other than qualified investors within the meaning of the Belgian Act of 11 July 2018 on the public offering of securities and the admission of securities to be traded on a regulated market, will not be eligible to participate in the offering (whether in Belgium or elsewhere). The transaction to which this press release relates will only be available to, and will be engaged in only with, in member states of the European Economic Area, persons falling within the meaning of Article 2(e) of Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “Prospectus Regulation”), and in the United Kingdom, investment professionals falling within article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), persons falling within article 49 (2), (a) to (d) of the Order and other persons to whom it may lawfully be communicated. A listing prospectus will be prepared by Nyxoah in accordance with Article 3 of the Prospectus Regulation for the purpose of having the new ordinary shares, issued pursuant to the Offering and the exercise by the underwriters of their option to purchase additional ordinary shares, admitted to trading on Euronext Brussels.

Contacts:
Nyxoah
Fabian Suarez, Chief Financial Officer
corporate@nyxoah.com
+32 (0)10 22 24 55

Gilmartin Group
Vivian Cervantes
IR@nyxoah.com

Attachment

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China-Canada Collaboration on CO2 Capture for Cement

China Building Material Academy (CBMA)

Members Dr. Wang, Lan (the CCUS project leader), Dr. Liu, Sr. Engineer, Ms. Zhao, Director for R&D pose for a photo during a May 2018 visit to the International CCS Knowledge Centre to discuss CCS on cement in China.

REGINA, Saskatchewan, July 08, 2021 (GLOBE NEWSWIRE) — A new collaboration between the China Building Materials Academy, (CBMA) and Canadian based, International CCS Knowledge Centre (Knowledge Centre) will see simultaneous advancements in understanding and knowledge sharing of carbon capture technology designed specifically to see substantial emission reductions from the global cement industry.

The first initiative under the agreement, Carbon Capture Use Piloting with Cement Kiln Project will aid CBMA in applying the Knowledge Centre’s model and Front End Engineering Design (FEED) of a test platform – which has a carbon dioxide (CO2) capture capacity of approximately 155 kg CO2/per day. The project will be built and piloted on a carbon capture system that utilizes the post combustion flue gas from a producing cement kiln.

The Knowledge Centre will have an observer role to learn and gain insight on the characteristics of a cement kiln operation and its integration with a post combustion carbon capture system. The agreement grants the Knowledge Centre access to the operational data, such as further design, testing, data based on the modelling, emission-related information, and any improvements made to the CO2 capture test platform.

This collaboration agreement is part of a bilateral science and technology cooperation between Canada and China, the China-Canada Science & Technology Cooperative Action Plan. The agreement also syncs with goals of the Chinese government to achieve carbon peaking before 2030 and carbon neutrality before 2060 with efforts of the cement industry in China to accelerate innovation in low carbon technologies.

Through the carbon capture pilot platform, the CBMA is expected to adapt the application for potential scale-up to commercial demonstration with know-how that could be applied across the sizable fleet of China National Building Materials Ltd. (CNBM), the world’s largest cement producer and the parent of CBMA.

The Knowledge Centre is currently completing a feasibility study on a full-scaled post-combustion carbon capture system on Lehigh’s Cement plant in Edmonton, Canada by applying the same model based on large-scale CCS experiences from the commercial coal-fired power plant, at the famed Canadian based Boundary Dam 3 CCS Facility.

Quotes

“The International Knowledge Centre is proud to be a partner in assisting the CBMA on its CCS development and deployment journey to help China realize its ambitious goals of carbon peaking and carbon neutrality, which is positive for the world.”

– Conway Nelson, VP Strategy & Stakeholder Relations, International CCS Knowledge Centre

“The cement industry could only achieve carbon neutrality by carbon capture approaches. Deep GHG emission reduction objectives can only be achieved by adhering to the decarbonization technology route, by applying CCS technologies to capture the carbon dioxide emissions from various aspects of the production process.”
中国建材集团 周育先董事长：水泥行业要实现碳中和必然通过碳捕捉的方式，只有坚持脱碳技术路线，利用CCS技术尽可能吸收生产过程中各环节排放的二氧化碳，才有可能实现深度减排目标。

– Chairman Zhou Yuxian, Chairman of China Building Materials Group (CNBM)

ADDITIONAL INFORMATION

Cement Emission Overview

  • Concrete, a product of cement, is the second most consumed substance on the planet, next to water, with roughly attributing three tonnes of concrete yearly by every person on earth (State of the Planet, Earth Institute, Columbia University).
  • Total emissions from the cement industry contribute as much as 7-8% of global CO2 emissions.
  • Two thirds or 5% of global emissions result from the chemical reactions in the cement production process and therefore cannot be eliminated through gains in energy efficiency.
  • Global demand for cement is expected to increase 12-23% by 2050 (IEA Report: Transforming Industry through CCUS)
  • As the largest cement producer, China accounts for about 55% of global production, followed remotely by India at 8%.
  • China’s cement industry is estimated about 1.2 Gt of CO2 emissions to their national GHG emissions, annually.

China-Canada Science & Technology Cooperative Action Plan

  • China-Canada Science & Technology Cooperative Action Plan is a framework for cooperation in scientific and technological research, which will extend and strengthen the conduct of cooperative activities in areas of common interest and encourage the application of the results of such cooperation to their economic and social benefit.

MEDIA CONTACTS

International CCS Knowledge Centre
Jodi Woollam
Head of Communications & Media Relations
jwoollam@ccsknowledge.com
T: +1-306-565-5956 / M: +1-306-520-3710
ccsknowledge.com
@CCSKnowledge

About the International CCS Knowledge Centre (Knowledge Centre): with a mandate to advance the global understanding and deployment of large-scale CCS to reduce global GHG emissions, the Knowledge Centre provides the know-how to implement large-scale CCS projects as well as CCS optimization through the base learnings from both the fully-integrated Boundary Dam 3 CCS Facility and the comprehensive second-generation CCS study, known as the Shand CCS Feasibility Study. Operating since 2016 under the direction of an independent board, the Knowledge Centre was established by BHP and SaskPower. For more info: https://ccsknowledge.com/

About the China Building Materials Academy (CBMA): is the largest state-owned comprehensive research development and design firm of the industry sector in China and operates as the technology innovation platform of the China National Building Materials Group Corporation (CNBM), which is the largest comprehensive building materials industry group in China. CBMA undertakes a large number of research and development programmes of national significance and advances the technology for energy-saving and emission reduction in building materials industry. With dozens of labs and testing centres, CBMA is the standard bearer of the building materials industry sector for technology innovation covering cement, concrete, wall material, glass, ceramics, refractory and new materials. For more info: http://cbma.com.cn/en/index.jsp

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/84fbcfdd-0f35-4299-af06-d694a269dba0

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Expereo acquires global managed Internet access provider, Brodynt

AMSTERDAM, July 08, 2021 (GLOBE NEWSWIRE) — Expereo, a leading global provider of managed Internet, SD-WAN, SASE, and Cloud Access solutions, announces that it has agreed to acquire Brodynt, a provider of global managed Internet services. This acquisition further strengthens Expereo’s position in providing global managed Internet & SD-WAN services to its global enterprise customer base and service provider partner community.

This news follows the acquisitions of GlobalInternet, Comsave, and Videns IT Services, a leading provider of managed SD-WAN and SASE services, late last year and earlier this year. These acquisitions solidify Expereo’s position in leading the global transformation to software-defined and internet-based networking. With the full support of majority investor, Vitruvian Partners, and minority investor, Apax Partners SAS, Expereo intends to continue its acquisition strategy.

Global enterprises are accelerating their network transformations following the emergence of the COVID-19 pandemic. Following an initial rush to get their global networks fit-for-purpose for remote working, global enterprise connectivity is now migrating rapidly to software-defined and internet-based solutions, including through accelerated adoption of cloud applications. Expereo’s depth and breadth of expertise in providing and managing software-defined and internet-based networks and Cloud Access allows a globally operating enterprise to do so with ease, trust, and security.

“Expereo brings additional global reach, leading digital user and operations platform, and complementary SD-WAN and SASE experience that our customers and partners will greatly benefit from,” says Marcus Munoz, Brodynt Co-CEO. “We have built a great customer and partner base, as well as a superb team supporting them,” adds Marc Mateo, Brodynt Co-CEO. “I am excited to see this integrated into Expereo, enabling faster expansion and adding broader capabilities as the market very rapidly transforms with internet services now being core to global enterprise connectivity networks; Expereo brings the scale to do so efficiently.”

“It is all about scale and delivering world-class customer experience,” says Irwin Fouwels, CEO Expereo. “Where our ability to effectively source, manage, and improve performance of any type of internet-based networking service anywhere in the world complemented traditional wide-area-network technology, we are now effectively replacing such legacy solutions. Overlaying our own cloud fabric and digital customer interface takes a global internet-based solution to the next level in terms of performance and experience – we are excited to bring this to Brodynt’s customers and partners.”

About Expereo

Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD-WAN, SASE, and Cloud Access services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government locations worldwide, helping to enhance every business’s productivity with flexible and optimal Internet performance.

Vitruvian Partners, an international growth capital and buyout firm headquartered in London with offices across London, Stockholm, Munich, Luxembourg, San Francisco, and Shanghai, acquired a majority shareholding in Expereo earlier in 2021. Apax Partners SAS, a leading European private equity firm based in Paris, owns a minority shareholding alongside Vitruvian. Paris-headquartered Apax Partners SAS and London-headquartered Apax Partners LLP have a shared history but are separate, independent private equity firms.

Twitter | LinkedIn

About Brodynt

Brodynt provides global managed Internet and SD-WAN services to global enterprise customers and service providers such as ISPs, Carriers, and System Integrators. Founded in 2012 with headquarters in Barcelona, Spain, and offices in Austin, Texas, and Amsterdam, The Netherlands.

Twitter  | LinkedIn

Q Advisors is a global TMT investment banking boutique, acted as exclusive financial advisor to Brodynt in connection with the transaction.

Contact:
Conor McGee
conor@grammatikagency.com

 

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Information on the total number of voting rights and shares

REGULATED INFORMATION

Information on the total number of voting rights and shares

Mont-Saint-Guibert (Belgium), July 7, 2021, 10:30 pm CET / 4:30 pm ET – In accordance with article  15 of the Law of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels and Nasdaq: NYXH) publishes the below information following the issue of 2,835,000 new shares on July 7, 2021 pursuant to a capital increase in connection with Nyxoah’s initial public offering in the United States.

  • Share capital: EUR 4,295,126.64
  • Total number of securities carrying voting rights: 25,002,609 (all ordinary shares)
  • Total number of voting rights (= denominator): 25,002,609 (all relating to ordinary shares)
  • Number of rights to subscribe to securities carrying voting rights not yet issued:
  • 91 “2013 ESOP Warrants” issued on 3 May 2013 and 23 December 2014, entitling their holders to subscribe to a total number of 45,500 securities carrying voting rights (all ordinary shares);
  • 365 “2016 ESOP Warrants” issued on 3 November 2016, entitling their holders to subscribe to a total number of 182,500 securities carrying voting rights (all ordinary shares);
  • 319 “2018 ESOP Warrants” issued on 12 December 2018, entitling their holders to subscribe to a total number of 159,500 securities carrying voting rights (all ordinary shares); and
  • 550,000 “2020 ESOP Warrants” issued on 21 February 2020, entitling their holders to subscribe to a total number of 550,000 securities carrying voting rights (all ordinary shares

For further information, please contact:

Nyxoah

Fabian Suarez, CFO

corporate@nyxoah.com

+32 (0)10 22 24 55

Gilmartin Group

Vivian Cervantes

IR@nyxoah.com

Attachment

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‘Falcon’s Beyond Global’ Launches as Fully Integrated Development Enterprise for IP-Driven Parks, Resorts, Media, & Merchandise

Falcon’s Beyond Global

Scott Demerau, Executive Chairman of the Board, Falcon’s Beyond and Cecil Magpuri, Chief Executive Officer, Falcon’s Beyond.

New enterprise brings proprietary ‘Katmandu’ and partner IPs to global markets through theme parks, resorts, feature films, episodic series, consumer products, and beyond.

Joint venture with Meliá Hotels International brings access to prime real estate and a global operating presence in major tourist destinations in 40 countries.

ORLANDO Fla., July 07, 2021 (GLOBE NEWSWIRE) — With proven theme park success in Europe, an award-winning creative team, patented technologies, and access to global real estate in prime tourist destinations, Falcon’s Beyond Global™, LLC has launched as a fully integrated enterprise to propel story-driven, experiential entertainment around the world.

Until now, it has proven almost impossible for most IP franchises to rapidly deploy across media content, consumer products, and hardest of all, themed location-based entertainment, all at once.

The new enterprise, supercharged by a joint venture with Meliá Hotels International, will be the only vertically-integrated entertainment powerhouse able to simultaneously activate an intellectual property across the full transmedia spectrum — with the potential to transform the $440 billion hospitality and entertainment category.

Meliá, the world’s #1 leisure hotel group with 390+ properties in 40 countries, many in prime beach destinations, is jointly developing theme park + resort combos with Falcon’s Beyond at flagship properties on multiple continents.

Falcon’s Beyond was formalized this May when leading attraction design & master-planning firm Falcon’s Creative Group united with themed-entertainment company Katmandu Group.

This powerful combination has instantly created the only fully integrated source for simultaneous entertainment IP activations—from streaming media development to theme park site acquisition; master planning to brick-and-mortar projects; immersive ride & attraction design to merchandise creation; right through world-class park & resort operation.

Expanding and Evolving the Katmandu IP

A first major focus of Falcon’s Beyond will be to apply its IP Expander™ model to the rapid evolution of its original and wholly-owned “Katmandu” IP—already popular with the millions of Europeans who have visited Sol Katmandu Park & Resort in Mallorca, Spain, and a growing list of Katmandu-branded kids camps in Meliá’s Sol Hotels.

Audiences resonate with the Katmandu universe’s timeless, intertwined tales—where mythical characters come to life in wild adventures, inspiring wonder with imaginative, immersive realms, elusive yetis, and a multicultural cast of adventurers.

Along with new characters, a streaming video series, and merchandise, the proven Katmandu IP will undergo a brick-and-mortar expansion. Through unique technological capabilities, Falcon’s Beyond will establish Katmandu as the first world-class theme park to have every ride and attraction customized to a centralized story “like chapters in the same legend,” and digitally tied to individual guest experiences.

Development is moving forward on additional Katmandu parks on the grounds of Meliá resorts in Punta Cana, Dominican Republic, Tenerife, Spain and other key tourist destinations.

Enabling the Impossible

“Falcon’s Beyond Global represents the ultimate combination of unlimited storytelling potential, agile and flexible real estate scalability, and imaginative expansion into a multitude of categories,” said Cecil D. Magpuri, CEO of Falcon’s Beyond Global and founder of the original Falcon’s Creative Group. “We develop inclusive, story-driven experiences that we can bring to market with unprecedented speed, removing all the massive challenges IP franchises and developers face when attempting this feat on their own.”

“We are truly enabling the impossible,” said Scott Demerau, Executive Chairman of Falcon’s Beyond Global and co-founder of Katmandu Group. “Through our partnership with Meliá, we have created a new playbook for building cost-effective, ‘Big-Experience, Small-Footprint’ theme parks, from beach resort communities to mixed-use entertainment spaces. Falcon’s Beyond Global brings a full complement of technology, design, and media expertise to the equation. Together, we are offering something that’s simply never been accessible to companies before. This is a huge benefit to developers, emerging IPs, and even entertainment giants.”

Creating “Big-Experience, Small-Footprint” Parks

Meliá Hotels and Katmandu Group originally came together in a 2012 joint venture to launch the themed Sol Katmandu Park & Resort in Mallorca and complement the beach holiday experience by providing “entertainment with rooms.” Their proof-of-concept rocketed to the top of the Meliá Sol portfolio and was named in the European Hospitality Awards as the #1 hotel in Europe for innovation in service, out of more than 100,000 hotels. Trivago Global named the park + resort as the #1 Hotel in Spain for Traveling with Kids. TripAdvisor named Katmandu Park in the top 3 parks in Spain three years in a row, and as a Travelers’ Choice Best of the Best 2020.

Falcon’s Beyond will elevate this unique, proven model of “Big-Experience, Small-Footprint” theme parks for Katmandu and other IPs around the world, leveraging the joint venture with Meliá, whose global operating presence enables growth in any tourism destination across the Americas, Europe, Asia, and beyond. The rights to additional important IPs have already been secured, and Falcon’s Beyond is in discussions with others to deploy complete transmedia expressions at unheard-of speeds. The company has worked on master planning and design projects totaling over $100 billion and won numerous design awards for its world-class attractions and experiences.

Revolutionary Alternative to Mega Parks

Traditional “mega theme parks” require at least 6-8 years of planning, billions in investment, difficult real estate acquisition, new transportation infrastructures, urban planning, and 5-7 years of construction.

Falcon’s Beyond delivers a revolutionary alternative.

Falcon’s proprietary rides and attractions are world-class, cutting-edge, story-driven, and the first of their kind. Its patented technologies are uniquely able to create mega-park experiences in “Big-Experience, Small-Footprint” parks — which leverage underused land on existing resorts in dense tourist hotspots. Falcon’s Beyond parks can be deployed in as little as a 24-36 month window at a tiny fraction of the cost of a mega park, with Falcon’s providing expert, ongoing operations.

A True Disruptor

“Meliá is committed to bringing extraordinary experiences to our guests around the world,” said André Gerondeau, Chief Operating Officer of Meliá Hotels International. “Katmandu-themed parks and resorts will be a vital part of our story moving forward, and we feel this initiative puts us five years ahead of the rest of the hospitality industry in delivering ‘entertainment with rooms.’ Everyone at Meliá is thrilled to be working with the creative minds and experienced development experts at Falcon’s Beyond.”

“Falcon’s Beyond and its unprecedented, imaginative, and already-deployed IP activation model completely shifts the established entertainment industry paradigm,”  said industry leader Ken Faier, founder of Epic Story Media, a full-service, creator-driven kids entertainment company.  “We have seen first-hand what Falcon’s is creating and we are really excited to explore an epic collaboration. There is a big demand for families looking for exciting experiences around great IP.”

With its expertise in intellectual property expansion, licensing, and immersive experiences, Falcon’s Beyond Global has unprecedented power to turn imagined worlds into reality — inspiring wonder in audiences and guests, with memories to last a lifetime.

About Falcon’s Beyond Global LLC
Headquartered in Orlando, Florida, Falcon’s Beyond Global, LLC is a fully integrated, top-tier experiential entertainment development enterprise specializing in intellectual property expansion. The company brings its own proprietary and partner IPs to global markets through owned and operated theme parks, resorts, attractions, patented technologies, feature films, episodic series, consumer products, licensing, and beyond. The company has won numerous design awards and provided design services in 39 countries around the world. It is composed of four core divisions: Falcon’s Treehouse (master planning & design), Falcon’s Digital Media, Falcon’s Licensing, and Falcon’s Parks & Resorts. Storytelling is the guiding force behind all Falcon’s Beyond projects—which turn imagined worlds into reality. For more information, visit www.falconsbeyondglobal.com

About Meliá Hotels International
Founded in 1956 in Palma de Mallorca, Spain, Meliá Hotels International (MHI) has more than 390 hotels open, or in the process of opening, in more than 40 countries. They operate under the brands Gran Meliá Hotels & Resorts, Paradisus by Meliá, ME by Meliá, Meliá Hotels & Resorts, INNSiDE by Meliá, Sol by Meliá, and TRYP by Wyndham. The company is a global leader in resort hotels, and its resort experience has allowed it to become a leader in the growing market of urban hotels inspired by leisure. The Sustainability Yearbook 2020, published by S&P Global, named Meliá among the Most Sustainable Hotel Companies in the World (Silver Medal), and it has been included among Europe’s Climate Leaders 2021 by the Financial Times & Statista. Meliá Hotels International is also a member of the IBEX 35 and is the Spanish hotel company with the best corporate reputation, per Merco Ranking. For more information, visit www.meliahotelsinternational.com

CONTACT:

Joel Moore
Praytell Strategy
joel@praytellagency.com

María Umbert
Meliá Hotels International
maria.umbert@melia.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/77a4b0cf-859f-4c92-b5c4-8e95f66ea4f6