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Betfair Leaving Russia
Wednesday April 9,2014 : BETFAIR CURTAILS RUSSIAN OPERATIONS
Strategy to focus on regulated and sustainable markets applied again.
Russia is the latest country to be placed the growing list of online gambling markets in which Betfair is cutting back on marketing and new player signups, or has exited altogether.
The UK betting group has announced in an advisory to affiliate marketers that from April 11 it will cease signing up new players from Russia and plans to cut back on marketing in the region as a result of recent developments in the sprawling Eastern European nation.
The company said it will also remove Russian language links from its site.
The advisory assures affiliates that existing revenue deals will be honoured, suggesting that existing players will continue to be serviced, although for how long is not known.
Recent Russian blacklisting moves of major online gambling operators are believed to be the motivation for Betfair's move, although CEO Breon Corcoran has repeatedly said that he wants the company's focus to be on sustainable markets, and to this end services have in the past been pulled from countries like Spain, Germany, Greece and Cyprus
The company clearly anticipates the negative effect on revenues that its business strategy will have, and has warned investors that revenue growth is likely to suffer.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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