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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.



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Americas Card Room to take 60 Different Crypto Currencies - Winning Poker Network, including Americas Card Room, to Accept Over 60 Crypto-currencies!

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MLB Odds: Stroman Gets the Nod Against Royals - The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.

Microgaming in bingo software deal with Marathonbet - Marathonbet’s loyal customers will now be able to enjoy an extensive Bingo offering – marking another big expansion of its online gaming collection.

Microgaming QuickFire enters Coloumbia - Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.

Partypoker to sponsor WSOPC Uruguay - Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.

MLB Odds: Jays Hope to Spoil Orioles’ Visit - The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.

Money Storm Casino - Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.

Big Online SLot Win on Ultimate 10X Slot - At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000

MPN Greatest Poker Player in the Universe - The MPN announces the third annual Universal Championship of Poker (UCOP III), boasting €750,000 guaranteed across 59 tournament events this September

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