Gambling News 23rd December, 2010

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BETSSON EXITS OPERATIONAL SCENE IN TURKEY

23rd December, 2010 at 15:50:36
Malta company buys Swedish operator's regional database for GBP1.6 million

Realm Entertainment , a Malta-based company, has signed a GBP1.6 million deal with Swedish online gambling firm Betsson which secures the Betsson Turkish database, along with a five year business-to-business deal providing a complete online gambling operation.

Full Story: Betsson Exits Operational Scene In Turkey »

PADDY POWER LOCKS UP AUSSIE ACQUISITION

23rd December, 2010 at 15:50:36
Betting group pays Euro 101 million for the rest of Sportsbet

The land and online betting group Paddy Power, which acquired a 51 percent interest in the Australian group Sportsbet for Euro 27.2 million in 2009 (see previous reports), has locked up the remaining shares by exercising its option to buy the remaining shares of the company. Paddy Power has invested a further Euro 100.9 million in completing the acquisition.

Full Story: Paddy Power Locks Up Aussie Acquisition »

BWIN PARTY GAMING MERGER PLAN PRESENTED (Update)

23rd December, 2010 at 15:50:36
The mechanics of building a billion Euro online gambling giant

Bwin Interactive Entertainment AG and Party Gaming plc have released details of the merger timeline and plans, which the duo claim will "....create the world's largest publicly listed online gaming group that will be ideally positioned to take advantage of the rapid consolidation of the online gaming industry and to open up new markets around the world."

Full Story: Bwin Party Gaming Merger Plan Presented (update) »

THREE CARD POKER INTERNET RIGHTS SOLD TO SHUFFLE MASTER

23rd December, 2010 at 15:50:36
Internet rights include internet and mobile gambling

Gaming supply firm Shuffle Master Inc. has announced the purchase of licenses to the internet rights for one of the UK's most popular casino games, "Three Card Poker" in the British Isles for $1.5 million from Prime Table Games LLC .

Full Story: Three Card Poker Internet Rights Sold To Shuffle Master »

BETINTERNET RETURNED TO PROFITABILITY

23rd December, 2010 at 08:26:06
Webis Holdings Plc presents its six month trading update

Online gaming group, Webis Holdings Plc released its Trading Update of the first six months (31 May 2010 - 30 November 2010) of its current financial year ending 29 May 2011.

Full Story: Betinternet Returned To Profitability »

CYPRUS - ONLINE GAMBLING BREATHER (Update)

23rd December, 2010 at 08:20:32
Delays in the European Commission necessitate a three month hiatus for proposed internet gambling ban

The government of Cyprus, which had hoped to introduce a ban on internet gambling on the Mediterranean island before 2010 ended, has had to push back its plans by three months following delays in the bureaucratic machinery of the European Commission and its feedback from member states and the EU executive.

Full Story: Cyprus - Online Gambling Breather (update) »

FURTHER DELAY IN KENTUCKY DOMAIN SEIZURE CASE (Update)

23rd December, 2010 at 08:20:32
Court still undecided on question of standing

The attempt by the State of Kentucky to seize international domains belonging to online gambling companies (see previous infopowa reports) has been delayed for a further 30 days while the vexed question of legal standing is considered by the court.

Full Story: Further Delay In Kentucky Domain Seizure Case (update) »

SOFTWARE DEVELOPMENT IN INDIA FOR BETSSON

23rd December, 2010 at 08:20:32
Software development for current markets in Europe and new ventures in Asia

Gaming firm, Betsson has announced that it has established a software development company in India in line with its B2B strategy for distant markets.

Full Story: Software Development In India For Betsson »