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Betsson and Intertain Address misleading statements

Friday December 18,2015 :  BETSSON AND INTERTAIN ADDRESS MISLEADING STATEMENTS AND SHORT SELLING ISSUES
 
Online gambling companies issue statements concerning two separate issues involving misleading reports.
 
In two distinct and separate issues, online gambling companies Betsson in Sweden and Intertain in Canada have felt it necessary to issue statements correcting what they allege are "misleading and self-serving" statements by short sellers.
 
Taking the Intertain case first, the company tackles a "misleading and self-serving report that was published on December 17, 2015 by a self-identified short-seller of the company's common shares, Spruce Point Capital Management LLC.
 
Intertain claims that Spruce Point Capital Management LLC and its affiliates had built a short position in Intertain's common shares prior to its publication of the December 17, 2015 report, and therefore stands to realise significant gains in the event that the price of the company's stock declines.
 
"Intertain has established a committee of non-management directors to closely review the allegations contained within the Spruce Point report," Intertain says in its statement to the market.
 
"Following that review, the company will take any and all actions necessary and appropriate to protect the interests of the company and its shareholders."
 
Betsson appears to have encountered a similar problem, and issued a statement Friday that advised:
 
"In July 2015 Betsson acquired the Georgian privately owned gambling operator Europe-Bet by acquiring the company Chempionebi 111 LLC.
 
"An anonymous document which contains false information and fictitious facts about the transaction is now circulating, most likely to defame Betsson.
 
"Betsson has reasons to believe that an individual, with the aim of earning personal financial gains by short selling the Betsson shares, wants to discredit the company. This is something Betsson takes very seriously, especially as the company has many small shareholders.
 
"The acquisition of Europe-Bet has been carried out after thorough due diligence, and a special investigation has been conducted on the sellers. Neither of the studies resulted in findings that were against the acquisition," the betting company notes in its statement.
 
Detailing the corrective measures it has so far taken, Betsson reports that as soon as it became aware of the rumour-mongering it contacted both the Stockholm Stock Exchange and the Swedish Financial Supervisory Authority.
 
"Betsson is now examining the possibilities to take legal actions against the author of the document and against the fund that distributes this document in order to manipulate the share price for their own gains," says Betsson communications chief Malin Sparf Rydberg.

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Gambling News :

Twin River Management Launches Simulated Gaming product - GAN has launched its Simulated Gaming product at the Twin River Management Group's land casino in Rhode Island, USA, revealing the identity of its ninth US customer.

VLeague and Mojo Games partner up - #Alisports B2B multi-gaming platform and social games provider Mojo Games has partnered with VLeague Internet Technology to provide online social games and poker tournaments to Asian sports giant Alibaba Sports Group (AliSports).

SBTech In SportsBook Deal With Winmasters - #SBTech #Winmasters has already achieved significant market share in the Romanian regulated market and is now targeting a number of other EU countries with national regulatory regimes.

Life of Riches Slot Launching - The company released a preview of its "Life of Riches" slot Friday, a 5 reel, 30 selectable pay-lines game with a theme featuring luxury cars, expensive yachts, private jets and a liberal sprinkling of glitterati.

Dutch to impose harsher fines On Illegal Gambling Operators - The Dutch gambling regulator Kansspelautoriteit has announced that it is to take a tougher line with unlicensed online operators who access Dutch punters, intensifying enforcement and imposing substantially heavier fines on offenders.

Makati City is becoming an unfriendly internet gaming environment - The Makati City government in the Philippines has just shuttered its 117th online gambling firm since the middle of the year for operating without a current permit, perpetuating the sense that the region is an increasingly hostile online gambling environment.

Land Casino Bill Passes in Japan - A bi-partisan side meeting of leading lawmakers led to Komeito Secretary General Yoshihisa Inoue agreeing that his party would not protest the vote in the House of Representatives Cabinet committee Friday afternoon.

Inaugural meeting of the Massachusetts Gaming Commission - Thursday's inaugural meeting of the Massachusetts Gaming Commission committee tasked with reviewing online gambling developments and possibilities met Thursday and briefed local media on their mandate.

easyPLAY Launches Online Slot Tournaments - #easyPLAY Las Vegas land casino giant MGM Resorts is more effectively leveraging its on-premises mobile gaming services by expanding the availability of its easyPLAY online casino tournaments throughout the state of Nevada.

Jetsetter slot Pays 130 Bitcoin WIn - #bitcoin Prague-based online slot developer Endorphina reports that its Jetsetter slot on the Bitcasino.io site has just delivered a major hit for an anonymous player.

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