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INTRALOT IN RUSSIAN SPORTS BETTING MOVE
6/20/10 - Intralot Holdings International Limited has acquired a 33 percent stake in Russian betting firm Kelicom, gaining entrée to a ‘strategic stake’ in Russian sports betting operation Favorit Bookmakers Office and its extensive gambler database.
Kelicom holds a 74.9 percent stake in Favorit, and Intralot has agreed an option that could see it increase its share in the parent firm to 100 percent, thus gaining control of the sports betting operation.
Constantinos Antonopoulos, the CEO at Intralot, said this week: “Through this acquisition our already established presence in Russia will become even stronger
“Intralot is now moving ahead and entering the emerging and highly promising Russian betting market under a new and tightly regulated regime that promotes competition among credible license holders, one of which is Favorit.”
A company spokesman revealed that Favorit was founded in 2002 and is one of Russia’s most well-established wagering companies, holding a five-year licence granted by the Federal Tax Service to operate sports betting activities in the country.
Despite the introduction of more strict Federal regulations governing sports betting last year, the operator succeeded in extending its licence and is now one of only a handful of registered and legal firms in the country's betting market, estimated to be worth over two billion US dollars.
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US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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