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CMedia acquires MediaGambling

The Spanish group CMedia finalised a major acquisition deal this week that sees it taking over the giant free gaming site MediaGambling, and access to that enterprise's more than 500 000 Spanish speaking players across Spain, France, Italy, Germany and Latin America.
 
MediaGambling was founded in Uruguay in 2002 by Maximiliano De Muro and Enrique Dubois, well-known Spanish internet entrepreneurs who also built and sold off major businesses such as Bingos.com (sold in 2008 to NetPlay TV), Wamba.com (sold in 2009 to Mio.tv) and SX Networks (sold in 2008 to a Spanish internet group). The company has over 600 representative brands such as PokerGratis.es, bingogratis.es, comojugarpoker.com, juegosdecasinogratis.com, juegomundo.com and o jeuxdepokergratuit.com, reports information portal Jamma.
 
Barcelona-based CMedia will add MediaGambling to its extensive and popular portfolio of online gambling websites such as aprenderpoker.net, forodepoker.es and comoapostar.com.
 
Christian Khoury, founder and CEO of CMedia 2007 SL, said that the acquisition “…is the response to the company’s objective of becoming a leader in the Spanish gambling world. For this purpose, MediaGambling´s faithful and solid traffic volume will join with CMedia offering us new markets in Spain, France, Italy, Germany and Latin America”.
 
Maximiliano De Muro, co-founder of MediaGambling commented: ”I am very proud that such an innovating company as CMedia, with so much potential, has chosen MediaGambling. [This] acquisition can only evidence the project’s great success. With the incorporation of MediaGambling, CMedia multiplies its network scope, achieving traffic volumes that approach a million unique users per month. Thus, it positions itself as leader in the Spanish gambling sector, and gains ground in other tongues."

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Gambling News :

PaddyPower-betfair Q1-2016 - In a trading update for Q1-2016 Wednesday Paddy Power-Betfair showcased a solid performance with both revenues and profit rising significantly.

Turkey for privatisation of its national lottery - Our readers will recall previous attempts at privatising the entity failed to attract sufficient bidders and were bogged down by the transfer of operational rights issues.

Mikael Angman new COO of Gaming Innovation Group - Gaming Innovation Group (GIG) has announced the appointed of Mikael Angman as the new chief operating officer(COO) of the company effective September 1, 2016.

Gaming Realms Q1-2016 Earning Report - Mobile gaming developer Gaming Realms plc delivered strong full year 2015 results and reports continued upward momentum during its first quarter of 2016.

ASA SANCTIONS LADBROKES AND BETFAIR ADS - Ladbrokes Betting and Gaming was sanctioned by the UK Advertising Standards Authority (ASA) for a sales promotion appearing on betting slips that offered a GBP 2 free self service bet on bets placed over the counter of GBP 5 plus.

Italian Online Gambling Bust - The police operation covered 19 Italian cities, probed 107 people and resulted in raids on 46 venues, ANSA sources revealed.

Fortuna Entertainment Q1-2016 - Heavy taxation has taken some of the sparkle off otherwise decent first quarter results posted Thursday by the Czech Republic-based Fortuna Entertainment gambling group, prompting Management to warn that FY EBITDA could be 10 to 15 percent lower than expectations.

Jackpotz Slot Launches - Core Gaming has launched its latest product, claiming that Jackpotz is an industry-first product which offers seven progressive jackpots with six-figure pay-outs.

Flaws in the Curacao online gambling regulatory structure - Dutch Socialist Party MP Ronald Van Raak has once again raised the perceived flaws in the Curacao online gambling regulatory structure, writing to Minister of Kingdom Relations Ronald Plasterk to ask:

Bovada Now Accepting Bitcoin - Online casino and poker operator Bovada has integrated the virtual currency Bitcoin into its player payment and deposit options to give customers a wider choice of financial facilities, the company has announced.

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