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Sun International Interested in Gaming
Monday May 13,2013 : SUN INTERNATIONAL INTERESTED IN POWERBET GAMING
Online sportsbetting on the agenda for prominent South African hospitality group
South African listed hotel and gaming group Sun International has announced the proposed acquisition of online fixed-odds sports betting operator Powerbet Gaming, which owns and operates Voltbet.com, during its third quarter results report.
The group said it has identified online sportsbetting as a fast growing sector within the gaming industry and sees synergistic opportunities between it and its other terrestrial gaming interests.
"Powerbet provides the ideal platform to accelerate the group’s entry into the online gaming market," said a company statement.
Sun International has proposed the acquisition of 100 percent of Purple Capital’s Gaming Interests’ issued share capital and shareholder loan accounts for a consideration of R30 million in cash (US$3 278 880).
Purple Capital Gaming Interests comprise Powerbet Gaming Limited, the software developed and operated by PBG, the associated licence issued by the Western Cape Racing and Gambling Board and Purple Gaming Limited which holds a bookmaking licence in Tanzania.
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Amaya FY2016 Trading Update -
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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.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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