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Betfair and Horse Racing Ireland dispute
More details have emerged regarding the voluntary funding dispute between the international online betting exchange Betfair and Horse Racing Ireland.
It appears that Betfair's offer of a further voluntary investment of Euro 4.5 million over the next three years has been rejected by HRI, which wants the gambling group to double its contribution. Betfair has declined
to do so, indicating that it will leave the door open for further talks going into 2010.
Betfair's offer of payment comes despite the Irish operation representing less than 5 percent of its total revenue.
Over the past three years, Betfair has made a total of Euro 4.9 million in contributions to the HRI in a "cooperation agreement" for the good of the sport, and the rejection by the HRI management at a time when it is suffering state funding cuts and has had to scale back on prizes has surprised some observers.
One unidentified senior government figure is quoted by the Irish newspaper Independent as saying: "How in the hell can they turn down a single cent at a time when budgets all over the place are being squeezed. Someone needs to take a very quick reality check."
However, Brian Kavanagh, CEO of the HRI remains adamant that he will accept only an amount double that offered from Betfair, and that should negotiations recommence in 2010 it will have to be on the basis that any deal done in 2010 would have to be done on a "pre-condition that it would be backdated to the start of 2009".
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To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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