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Betonline New Management
4/16/10 - Two former BetonSports online gambling executives have joined forces to take over the troubled BetonLine.com, a sportsbook using DGS and Parlay Entertainment software licensed in Panama that was recently rated as a mediocre 2.5 at the respected and independent Bookmakers Review site - "bookmakers with more blemishes than strengths and/or vulnerable to problems and adverse business conditions."
The new owners are reportedly ex-BoS managers Clive Archer and Dalton Wagner, who both have extensive experience in the business and were with BoS when that company was taken down by the US Justice Department. Assuming the new team has the right sort of capital behind them, this experience should herald an improvement in operations.
The change of ownership may have been spurred by legal difficulties involving a reportedly founding member of BetonLine called Joseph J. Farfone of Ontario county. Farfone was the subject of press publicity in February this year and October last when he and 30 others were reportedly arrested on "bookmaking charges" and linked to a gambling ring that generated some $587 million.
The media reports recounted that Fafone was arrested at the airport on his way to Panama. BetOnline.com in Panama would not comment on any activities in the United States.
When InfoPowa went to press a confirmation from Betonline on the change of ownership was awaited.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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