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NOT THE FIRST TIME PLUS500 FOUNDER IN TROUBLE
Tuesday June 2,2015 : NOT THE FIRST TIME PLUS500 FOUNDER IN TROUBLE (Update)
Eight years ago Gal Haber's Interlogic was shuttered by Israeli police.
It appears that Gal Haber, founder and CEO of the troubled contracts for difference Plus500 group which is the subject of a Playtech takeover has been at odds with the authorities before his recent brush with the UK's Financial Conduct Authority.
Eight years ago the Israeli police ordered Haber to shutter Interlogic, an enterprise which offered real money backgammon on its Play65 website, according to a Business Insider report Monday which referenced the Israeli business publication Haaretz.
Back then, Interlogic appealed the directive but halted real money action, arguing that backgammon is a game predominantly of skill and therefore not one of chance, and that it had obtained legal opinions before launching the business.
The company was successful in having the ban lifted in May 2007, and was subsequently sold by Haber.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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