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Tote Tasmania in deal with Mobenga
12/10/09 - Last week's news that the Tasmanian government had taken Tote Tasmania off the selling block and intended to restructure it for international operations has been followed by reports that Swedish mobile gambling company Mobenga has inked a deal with the company.
iGaming France and Overwatch Tasmania report that the deal was recommended by Agility Interactive, a consultant to Tote Tasmania.
Last week the state Treasurer, Michael Aird told a Government Business Enterprise hearing that Tote is a well organised and profitable business with strong cash flow generation, and will continue to provide solid returns for the government.
Aird's comments heralded a new plan for the organisation, on which the government has taken off the 'for sale' sign on grounds that the bids did not satisfy the government valuation of the asset.
“Tote Tasmania has identified the need to find new markets, increasingly offshore, and alternative forms of revenue, based around its core activity, betting," Aird said, adding that the organisation would continue to look to Asia and Europe to attract new customers, and has established relationships with a number of international operators to bring new product to its customers from Europe, Asia and North America.
“I expect Tote to announce some exciting initiatives in the New Year which will clearly demonstrate the internationalisation of the company," remarked. Among these will be a new international brand, along with an expanded business operation through acquisition and strategic alliances."
Aird promised more action on the strategy next year, and it appears that e-gambling and mobile operations form part of the fresh start for Tote, with particular emphasis on mobile horseracing and sports betting. Early reports suggest that the mobile service will feature downloadable versions for Java applications, mobile Internet and iPhone. The Mobenga package usually includes real time information content and speed betting.
Mobenga signed Paddy Power as a client last week
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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