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Media-Tech Buys BetMayoy
Wednesday April 29,2015 : TROUBLED ONLINE SPORTSBOOK BOUGHT BY VENTURE CAPITAL FUND
Does this means that player facing a $51,000 winnings confiscation will be heard?
The BetMayor online sports betting operation, which has been the subject of slow-pay punter complaints and a controversial decision to confiscate a player's $51,000 winnings for "professional Blackjack play" has apparently been acquired by Panama-registered venture capital firm Media-Tech.
Management at BetMayor advised players by email Monday that the company has been acquired for an undisclosed consideration, and assured them that all player balances will be honoured.
The email advisory was confirmed by a communication from Media-Tech which claimed that the fund has acquired in all 3 online sportsbooks and 2 online casinos, although it did not identify these or give any other details.
Whether this change of ownership will assist the BetMayor punter out $51,000 remains to be seen; so far he has been treated with rather autocratic disdain, but he is still fighting for redress.
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Amaya FY2016 Trading Update -
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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.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
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New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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