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11/5/09 - The online sportsbetting division of Brit financial spreadbetting group IG Group could be up for sale, according to reports last week on the Slackbelly blog, followed up by The Times.
The blog points to the sudden departure of Extrabet's respected chief Stuart Lane, speculating that his move is the precursor to IG offloading the sportsbetting operation.
Apparently such an event has been the subject of speculation in UK business circles, using the logic that IG generates the vast majority of its revenue and profit from clients trading financial markets via its IG Index platform, while sports clients are rarely converted into more profitable financial clients.
In following up on the story, The Times reports that rumours of underperformance at Extrabet and an imminent sale have been denied - presumably by contacts within IG. However, as The Times writer observes - watch this space!
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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