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Bwin drops AC Milan Sponsorship
2/17/10 - According to the Forbes magazine sportsmoney blog, online gambling group Bwin's shirt sponsorship of the top Italian Serie-A football team AC Milan has been relinquished and re-issued to the Arabian airline Emirates.
The blog informs that reports from Italy disclose that AC Milan has agreed a four-year Euro 50 million ($70 million) shirt sponsorship with Emirates, effective when Milan's current deal with Bwin expires at the end of the current season.
Bwin's deal was worth Euros 12 million a year and when it was signed four years ago was the the fifth largest shirt sponsorship in European soccer.
Bwin's sponsorship of Spain's Real Madrid ranked third with U.S. insurer AIG's sponsorship of the English Premier League's Manchester United top in the shirt sponsorship stakes, the blog reported. A year ago Manchester United set a new record with its four-year Euro 90 million deal with another U.S. insurance giant, Aon, which will replace AIG on the Red Devils' shirts from next season. That deal, coincidentally, will run in parallel with Emirates' at Milan.
Emirates sponsors teams and events across a range of sports from auto racing to yachting. In soccer, it sponsors the Arsenal football team in the EPL, Paris Saint Germain in France, Hamburg in Germany and Olympiacos in Greece. Since 2007 it has been a stadium sponsor at the San Siro, which Milan shares with Internazionale.
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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