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Bet On Sports
July 28th General news ... Bet On Sports at beton-sports.com
HRADF REQUEST INTRALOT UP MUTUAL BETTING LICENCE BID
2014-08-25
The Hellenic Republic Asset Development Fund has requested an improved offer from the Consortium "Intralot (SPV No. 1) Limited" and "Intralot (SPV No. 2) Limited" for the exclusive right to organise and operate mutual betting on horse races in Greece.
The Consortium submitted an offer of Euro 5 250 000 on July 31, 2014 which is the only valid bid at present.
Intralot has until August 27, 2014 to submit the revised offer.
NETPLAY APPOINTS NEW COMMERCIAL DIRECTOR
2014-08-05
Interactive gaming firm NetPlay TV NFL Betting Lines plc has announced the appointment of Bjarke Johannes Lund Larsen to the Board and role of Commercial Director.
Bjarke assumes his new role with immediate effect. He has been with NetPlay since 2007 and most currently served as chief operating officer of subsidiary NetPlayTV Group Ltd.
"Having been with the Group for seven years, Bjarke has a gained a strong understanding of both the industry, along with the commercial and strategic demands of the Group," commented Clive Jones, Chairman of NetPlay. "The appointment of Bjarke will further strengthen the Board and we look forward to working closely with him to continue driving growth for our shareholders."
NOW X.L. MEDIA EYES THE DANISH MARKET
2014-07-07
XLMedia, the Jersey-based online gambling firm specialising in digital marketing services, has expanded its growth strategy with the acquisition of an as yet unidentified large Scandinavian affiliate marketing company - and its player database - for a consideration of $2.3 million.
Speculation is that the acquisition is a Danish company, giving XL access to that burgeoning online gambling market.
Through some savvy partnerships XL has a growing presence in both the Nevada and New Jersey online gambling markets in the United States following its IPO on London's AIM market earlier this year (see previous InfoPowa reports).
Chief executive Ory Weihs says the company's aggressive expansion strategy will continue, with management seeking out further online gambling assets for acquisition as the group builds a high profile as a digital marketer in regulated markets.
This acquisition represents a complementary fit for our business, strengthening our reach in Scandinavia and providing entry into Denmark, a fully regulated territory, he said last week.
XLMedia was created through the merger IN 2008 of two Israeli companies: WebPals, founded by Yaron Nahari and Assaf Levy in 2007; and Traffic, founded by Ory Weihs. Former Ladbrokes CEO Chris Bell is the chairman.
CONVENIENCE STORE ASSOCIATION WIDENS ATTACK ON INTERNET WAGERING (Update)
2014-06-11
The National Association of Convenience Store Owners, which earlier this week wrote to its members urging them to support the Adelson-inspired Graham-Chaffetz legislative attempts to resurrect and strengthen the Wire Act (see previous InfoPowa reports) has widened its opposition by backing a full public affairs campaign to persuade lawmakers in the US Congress to adopt the measure.
The Association's vp for government relations, Lyle Beckwith, told the publication Politico Tuesday that his members are worried about lottery tickets being sold across state lines over the Internet.
As a member of the convenience store industry I'm most concerned with the impact that the Department of Justice decision has had on the sale of lottery products," Beckwith said.
"Lottery tickets should not be sold interstate on the Internet. Those sales risk letting kids buy them, letting people gamble in states that dont want gambling, and pulling money and sales out of some states into others.
"If Congress does not act to pass this [Graham-Chaffetz] legislation, states will open the floodgates to Internet gambling and it will become difficult or impossible to turn it back.
FRANCE PARI 1Q EXCEEDS EXPECTATIONS
2014-04-02
French online operator France Pari has posted strong first quarter results it attributes to an 87 percent revenue rise contributed by B2B division Sportnco and a further 70 percent rise in operator activities.
The company said an 80 percent increase in stakes amounting to Euro 3.5 million was achieved through growth in its live and mobile betting channels. Mobile now represents almost 15 percent of stakes.
Other key figures included Total Revenue of Euro 4 million, EBITDA of Euro 150 000, GGR of Euro 725 000 and a gross margin rate of 20.2 percent.
Pari mutuel stakes on horse racing remained static at Euro 300 000 with a gross margin rate of 23.2 percent, the company said.
In line with its mobile strategy, France Pari will launch an iPhone app this week with a further roll-out to B2B clients in the second quarter.
GOLDEN PALACE TAKE ON BETCONSTRUCT SPORTSBOOK
2014-02-18
Belgian gaming group Golden Palace will take on a new sportsbook platform from gaming solutions provider BetConstruct under the terms of an exclusive contract signed this week.
The online and mobile sportsbook covers over 14 000 live matches and 50 sports per month.
With only five months to go before the start of the Brazil World Cup Goldenpalace.be is now equipped to deal with its football-mad betting public, said Frdric Franois, marketing and business manager at Goldenpalace.be. We went through a long selection process, shortlisted several companies, but in the end BetConstruct had the strongest sportsbook offering, particularly in terms of live in-play betting."
Suren Khachatryan, chief executive of BetConstruct, added: This summers World Cup is just around the corner and with such a huge appetite for the game and the tournament in Belgium the public now have a fantastic platform, product and service they can use and enjoy. There is no other offering like this on the market and we are confident that Goldenpalace.be will build on its success with it.
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