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Betbull Exchange Betting Activities To Cease

Betbull Holding SE has announced its withdrawal from the exchange betting business in a press release carried by deraktionaer.de this week.
 
David De Marco, Group Finance Director said: "Betbull Holding SE has taken the decision to cease trading on it's exchange betting platforms www.betbull.com and www.betbull.de with effect from 28th February 2009. However, online sportsbook facilities will continue to be offered to retail clients via the Primebet.com website. 

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"The decision has been taken in order to further streamline the company and concentrate on the core markets of retail betting, both in Germany where there is already a mature business and the fast developing Spanish market.
 
De Marco goes on to inform shareholders and clients that the coimpany is working with platform provider, Global Betting Exchange, to ensure a smooth exit and minimise inconvenience to customers. Payment provision for accounts with credit balances will be maintained and alternative account facilities will be available to clients via Betdaq, operating on the same exchange platform.
 
"The projected impact (unaudited figures) of closing Betbull.com is a group consolidated loss of Euro 60 000 and no movement in liquid funds due to the release of a security collateral," said De Marco.
 
Simon Bold, a director of Betbull Holding SE explained: "We no longer see exchange betting as part of our core business, we therefore prefer to focus our attention on the retail sector, where we are achieving sustained growth and healthy margins in Germany and beginning to roll out units in Madrid under the w1nners licence awarded last September. We strongly believe in the durability of the retail model and see great potential for growth in the European markets.
 
"Online sportsbook will still be available to our retail clients via the existing Primebet website"



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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