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ASPIRITUS AND INSIDE GAMING AT LOGGERHEADS

It appears that a major bust-up has occurred between the online gambling management company Inside Gaming and what is presumably a white label operation it was managing under a Curacao licence and Playtech software for the Finnish multi-level marketing group Aspiritus Gaming.
 
The partnership does not appear to have lasted long, starting earlier this year, yet this week the website was 'closed for maintainance' amid allegations that the gambling services had been cut off.
 
A notice on the website dated July 29 advised that the firm was trying to find another software provider or partner, but had so far been unsuccessful due to "time constraints on delivering new products, the cost of obtaining new licenses or a mixture of both."
 
The notice continues: "Over the last week, Aspiritus management has been reviewing the business and it is with

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great regret that we will have to close the Aspiritus business with immediate effect as the impact....of the recent contractual dispute, and ultimate termination of the contract, with our gaming operator [Inside Gaming] has been devastating."
 
Without describing the reasons for the dispute, the notice advises: "The dispute has put Aspiritus under further financial strain and after reviewing the cash flow of the business, the Aspiritus management team has been left with no alternative.
 
It appears that Aspiritus has agreed a deal with an unidentified gaming operator to take on its players, informing members that:"While the decision has been made to close the Aspiritus business, Aspiritus management has held discussions with a new gaming operator, who will be opening their website in August, and they have agreed to place Aspiritus members into their database.
 
The Aspiritus management team meanwhile continues to negotiate with this operator on how Aspiritus can secure a holding that would allow its members holding Club Equity credits to have some future ownership of the new company as well as migrating the VirtuDAQ and S8 + Superdraw products.
 
Ending on a rather ominous note, the announcement advises that Aspiritus is seeking further legal advice on the recent developments in order to rectify some of the losses in reputation and business that have resulted from its dispute with Inside Gaming.
 
The disagreement between Inside Gaming and Aspiritus appears to have its roots in contractual and financial differences. In an update on the situation dated July 18, Aspiritus revealed that the fees and charges payable to Inside Gaming had caused not only significant disruptions to members but also major financial impacts on the Aspiritus business.
 
"With the recent transfer restrictions placed on our members, Aspiritus suffered major losses as the casino and poker products make up 95% of revenues," the update advised members. "The effect this has had on the goodwill and reputation of the business in supplying services, especially for a community based site such as Aspiritus, are devastating.
 
"Accordingly, due to the actions of Inside Gaming in placing the transfer restrictions on the business, Aspiritus has been left with no choice but to cease the contract with Inside Gaming with immediate effect."
 
And in earlier membership communications Aspiritus referred to Inside Gaming billing 35 percent more than the alleged contract charges agreed.
 
Inside Gaming had not issued a statement as requested when InfoPowa went to press, with spokesman Richard Hogg away on leave.

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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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