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Latest On Lawsuit of Gaming VC vs. Boss Media

4/23/10 - Further details are emerging on the recent shock news that Gaming VC has commenced litigation in Malta seeking damages from Boss Media and parent GTechG2, and it appears that a question of Italian licensing is a key element in the dispute between the companies.
In previous reports InfoPowa indicated that part of the issue between the companies concerns a software contract cancellation by Boss Media in respect of Gaming VC's Italian activities. In December 2009 Gaming VC sold its Italian licensed business Betpro, and it has apparently conceded in subsequent official documents that as a consequence it no longer possessed an Italian licence.
Because there was no Italian licence, Boss apparently terminated its software contract concerning its products offered in Italy, which impacted another Italian-facing Gaming VC business branded  This allegedly placed a significant amount of business in jeopardy, because the company's Italian players reportedly represent 39 percent of that company’s total net gaming revenue.
In its latest financial results, Gaming VC noted that over 50 percent of Betaland's revenues were generated on games that are probably powered by Boss Media software.
Gaming VC continues to claim that its judicial reaction is justified on the grounds that the Boss termination correspondence does not fulfil the termination requirements as set out in the licence agreements currently existing between the two companies, and should therefore be considered unlawful.
The other element in the Gaming VC vs. Boss dispute concerns what the online casino operator claims is a misuse of its database. This is centred on Gaming VC allegations that “certain third parties” obtained unauthorised access to its customer database and had been “unlawfully targeting Gaming VC Corporation’s customers, thereby causing Gaming VC Corporation very substantial damage”.
Gaming VC went so far as to claim that “employees and/or representatives” of Boss Media Malta Casino, Boss Media and/or St Miniver" had been involved in this questionable activity.
In response, GTechG2 has advised that as far as the database dispute is concerned, the warring companies have commenced an arbitration process and it therefore declined to comment further.
Boss and Gaming VC have in the past enjoyed a long business relationship that has been in place for a number of years.

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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.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

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.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

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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