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Bluesquare sold to Betfair

Tuesday April 2, 2013 : BLUE SQUARE BET SALE RUMOURS CONFIRMED
 
Betfair acquires company from Rank plc for GBP 5 million
 
Rumours earlier this year that Betfair was about to acquire the troubled Blue Square sports betting subsidiary from Rank plc were confirmed Tuesday with an announcement from both companies that a consideration of GBP 5 million has been agreed. 
 
Rank triggered the rumours with the announcement in January this year that it was reviewing the under-performing enterprise.
 
In its announcement Tuesday, Rank advised that it has now "...completed the sale of the assets of its Blue Square Bet business to Betfair Group plc for GBP 5 million" and intends to "....focus its resources on further developing the Grosvenor Casinos and Mecca brands in venues and via digital channels."
 
In its statement announcing the deal, Betfair plc said the acquisition of Blue Square "...is consistent with Betfair’s strategy of focusing on regulated markets and growing its sportsbook and gaming operations alongside the exchange."
 
The statement noted that effective immediately all Blue Square customers will be automatically redirected to Betfair "...where they can access a full suite of sports betting and gaming products and receive a promotional welcome offer."
 
Blue Square Bet marketing affiliates received a communication from Betfair which advised them that with effect from 1am Tuesday April 2nd 2013 the Blue Square Bet brand and customer accounts have been sold to Betfair.
 
"Contracts including those relating to the Blue Square affiliate program were not included in this sale. As a result of this development we are terminating, with immediate effect, all Blue Square Bet affiliate partnerships. In accordance with our terms and conditions please accept this as formal notice of termination.
 
"Any revenues owed from your Blue Square Bet customers will be paid up until April 2nd and final affiliate payments in relation to Blue Square Bet activity will be calculated and paid between the 5th and 15th of this month as per the normal payment run.
 
"We sincerely regret the abruptness of this announcement and any inconvenience that it may cause."

In our and many other marketing companies eyes, this deal completly fucked all advertising partners. Bluesquare and betfair are wrong in their actions by stealing these players and accounts. They are now in the rouge pit, and will never be able to advertise on recentpoker.com or all of our sister sites.

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Gambling News :

IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

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.

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