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BODOG CLOSES COSTA RICAN OFFICE

03/05/2012 : BODOG CLOSES COSTA RICAN OFFICE
 
Closure undertaken amid fears of association with indictments
 
Calvin Ayre, the founder of the Bodog Brand, announced Tuesday on his website that the company has speeded up closure of the Bodog service provider office in Costa Rica saying quote:
 
"A Costa Rican based business process outsourcing company (BPO) providing services to the Bodog Brand has expedited its closure after fears it will be wrongly associated with the Bodog.com Indictments. After the brand licensing agreement with the Bodog Brand and Morris Mohawk Gaming was terminated in December 2011, along with ever increasingly restrictive economic conditions in Costa Rica, the BPO had already started to make plans to wind down its operations.
 
"The plan was for a gradual shut down of operations to minimize disruptions to their staff. But the closure was expedited after its management feared the mainstream media reporting of the indictments could result in the BPO wrongly being caught up in the proceedings.
 
The statement goes on to say: "The false claim that Bodog was employing hundreds of employees in Costa Rica comes from a misinformed view of international business," and "the company named in the indictment, Bodog Entertainment Group S.A. was only a domain management company. The Bodog Brand granted it use of the Bodog name to make it easier for the management company to go after trademark infringements under existing US trademarks. It never operated a gaming business in the US or otherwise. The company shut down in 2008 in a restructuring move after Scott Lewis of 1st Technology attacked Bodog.com, successfully stealing the domain. All of the domains the company managed were moved to a non-Costa Rican based management company."
 
Other media reports suggest that employees of the BPO had little warning of the closure and arrived at the office to find themselves locked out.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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