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Intralot in partnership with Bit8
Thursday February 5,2015 : INTRALOT ALLIANCE WITH BIT8
Acquires significant minority interest in company
Intralot has entered into an in-principal commercial and strategic partnership, dependent on regulatory approvals and due diligence, with Malta-based gaming platform provider, Bit8.
The agreement stipulates an exclusive, joint development and marketing approach in the international online platform market and the acquisition of a significant minority stake.
Bit8’s online gaming platform is based on proprietary artificial intelligence technology. The platform is an all-inclusive sportsbook and casino platform that includes Player Account Management (PAM), eWallet, real-time analytical tools, automated rules and a bonus engine that works with little need for human interaction.
INTRALOT Group chief executive officer, Antonis Kerastaris, said in a press statement this week: “We are excited to be joining forces with Bit8, a global innovator in online customer relationship management. As we seamlessly integrate their platform with our own and that of our customers we will be uniquely positioned to manage player data and provide an exceptional gaming experience to customers, in-line with our strategy to focus on the B2C segment of the global gaming market.”
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Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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