666BET HAS BIG PLANS FOR ASIA
16th September, 2014 at 02:44:19
Online sports betting company sets up office in Taiwan.
The dynamic management team at online sports betting group 666Bet maintained its stream of development statements this week with the news that it has opened an office in Taipei to target the Asian market, where it plans to launch Asian-focused sports betting products in the near future.
The company has appointed former 188Bet business development director Robert Robinson to head up its Asian betting division, overseeing the launch of the new Asian offerings, which will be powered by ONEWorks.
Robinson will be leveraging 666Bet's increased coverage of U.K. football and extensive marketing efforts to attract interest in its new Asian strategy.
STAN JAMES CORRECTS ‚EURňúIMMINENT ACQUISITION' REPORT
CEO expresses surprise at "inaccurate" industry reports.
Reports in industry media that the Gibraltar-based online and land bookmaking group Stan James plc is about to be sold off as a result of the new UK point-of-consumption regulatory and taxation moves have been called into question by the company.
Commenting on the potentially alarming claims for its employees, chief executive officer Denis Kelly said Tuesday:
"We were surprised at the article published by the EGR as it is not accurate.
"Yes, there have been redundancies. We have reduced the Product team by four, with the expectation to open up two more appropriate vacancies presently. This was in preparation for nothing other than the business requirements in creating efficiencies within our cost base, having agreed our development road map and investment for at least the next twelve months.
"To address the speculation on whether or not Stan James is for sale, it would be madness to suggest that there wasn't a price point 'somewhere' as there is with absolutely any business you can think of.
"However, there is no 'for sale' sign outside the door and we intend to face any challenges presented by the POC tax head on, while we continue to grow the brand."
INTERTAIN GROUP JOIN S&P/TSX INDEX
Shares added following close of business at the end of this week
Canadian-based online gaming firm, Intertain Group shares will be added to Standard and Poor's Canadian Index Operations (S&P/TSX) SmallCap Index after the close of trading on Friday, September 19 2014.
The S&P/TSX SmallCap Index provides an investable index for the Canadian small‚EURђcap market. The index is float adjusted and market cap weighted and was developed with industry input as the ideal benchmark for those with small cap exposure of the Canadian equity market. The Toronto Stock Exchange (TSX) serves as the distributor of both real‚EURђtime and historical data for this index.
In July 2014, Intertain acquired Mandalay Media Limited for an initial payment of £ 45 million in cash, with up to a further cash payment of £ 15 million based on future profit performance (see previous report).
Intertain currently offers casino, bingo and poker games using the InterCasino
, InterPoker, Costa and other brands. The InterCasino and InterPoker gaming platform is supplied by Amaya Gaming Group Inc. and its bingo offering operates off of 888 Holding's Dragonfish platform.
Related News Tags: Canada, Gibraltar, Expo, Dragonfish