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Is Favourit Global In Trouble
AUSSIE ONLINE GAMBLING GROUP IN TROUBLE?
Favourit Global may be going into external administration.
The Melbourne, Australia based online gambling group Favourit Global, which has launched and operated international sites since 2012 under UK Gambling Commission, Ireland, Curacao and Malta Gaming Authority licenses, has informed players and affiliate marketers that it has ceased trading as of June 10 and may be going into external administration in the near future.
Affiliates have been asked to disable links, and the companys main website bears the notification:
"Please be advised that as of 10th June 2016, Favourit has ceased to trade and will no longer accept bets, deposits or casino play from its customers or accept any new customers.
"Any bets that are currently unsettled or that have been placed on or after 10th June 2016 will be void and the stake returned to your account. Any bonuses that are not yet complete will be forfeited and treated as per the Terms and Conditions of the bonus.
"If you have any real money balance in your account we request that you log in to your account immediately and request a withdrawal so that your account balance can be returned to you as soon as possible.
"The Favourit website will be temporarily available for these withdrawals to occur.
"Customers with real money betting accounts that are unable to withdrawal will have their account and balance transferred to Jetbull, another operator in the EveryMatrix group, from which you will be able to access your balance. This process will be undertaken by EveryMatrix over the following week and customers will be contacted with further information at their registered email address with details on how to access their accounts at Jetbull."
Favourit boasted a large, multi-provider gaming suite provided through the EveryMatrix white label company, and in March this year announced that its affiliate program would be handled by Income Access. The enterprise offered online casino and sportsbook action integrated with social networking
In March 2016 the company announced that it had launched a public offer through a reverse takeover of ASX listed Celsius Coal to raise up to $6 million, aiming to build a leading, differentiated business in the global online gambling industry.
Melbourne brothers Toby (29) and Josh (34) Simmons exploited the social gaming channels in founding their enterprise, in 2013 raising several million dollars in investor funding as they developed the business.
“We noticed users heading to sports betting platforms were coming from news websites, social media networks, fantasy tipping sites and wanted to wrap everything into one platform,” Toby said at the time in several interviews with business publications.
In late 2015 the company announced the appointment of Sportingbet veteran Gary Harris as chief executive officer. Harris was previously IT director and a board member of the Sportingbet Australia Group between 2004 and 2013, and was responsible for technology development and operations, growing Sportingbet online turnover from A$10 million to over A$2.4 billion prior to its sale to William Hill plc.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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