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37 Entertainment files arbitration claim vs GVC Holdings
Thursday December 17,2015 : G.V.C. FACING ARBITRATION CLAIM FROM CANADIAN MARKETING FIRM
Gambling group says 37 Entertainment claims are “spurious” and “without substance.”
37 Entertainment, a Canadian marketing company, has reportedly filed an arbitration claim with the International Chamber of Commerce, alleging that online gambling group GVC Holdings reneged on a business agreement, failing to deliver promised services for the launch of two white-label online gambling sites, which were to be operated jointly by the two companies.
GVC, which is in the final stages of a major Euro 1.6 billion takeover of rival Bwin.Party Digital Entertainment has denied that a formal agreement was reached, and has dismissed the accusations as “spurious” and “without substance.”
The 37 Entertainment complaint reportedly alleges that GVC repeatedly delayed signing the white label contract before withdrawing unexpectedly from the deal, on which marketing operations had already commenced.
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Macau ATM Transaction Limit Lowered -
The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .
Vegas Mobile Casino Gets Live Dealer Games -
Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.
Cosmic Crystals SLot Launches -
1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.
Australian Open To Dunp Gambling Ads -
Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.
BaFin CrackDown on Spread Betting -
The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.
How is the CDC Group Spending its Money -
Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.
Voodoo Slot Released -
The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).
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