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Tuesday March 3,2015 : WEBIS TO SHUTTER BETINTERNET OPERATION
Fixed-odds no longer a viable strategy
Webis Holdings PLC has announced the imminent closure of its BetInternet.com Limited operation saying opportunities for US pari-mutuel business have directed the company to narrow its focus on the development of its WatchandWager business.
Webis describes BetInternet.com as no longer viable due to jurisdictional protectionism for fixed-odds operations by either prohibition or onerous regulatory and levy requirements.
The company said discussion with several interested parties had not lead to any firm offers for the operation which will close for business on March 5, 2015.
Outstanding client balances, secured in segregated bank accounts, will be effected immediately.
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Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,
AMAYA C.F.O. RETIRES -
Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
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