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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 Betaland.com.  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 :

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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