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SHAREHOLDERS APPROVE LOTTO24 SPIN OFF
Friday June 22, 2012 : SHAREHOLDERS APPROVE LOTTO24 SPIN OFF (Update)
Able to operate in German market free of legal disputes
German online lotto firm Tipp24 SE's shareholders have unanimously approved the company's plans to separate its German online lottery brokerage business launched as Lotto24 by way of a spin-off.
99.9 percent of shareholders were in favour of distributing the Lotto24 AG shares as a dividend-in-kind of which distribution will start towards the end of June. Lotto24 AG shares are expected to begin trading in the Prime Standard of Frankfurt Stock Exchange on July 3, 2012.
Dr. Hans Cornehl, chief executive officer of Tipp24 SE, said: "With today's decision, our shareholders have laid the track for the successful further expansion of the online lottery brokerage business of Lotto24 AG in Germany.
“I am pleased that the spin-off of Lotto24 AG has been supported by an overwhelming majority of our shareholders. We see this as a confirmation of our strategy to focus on the international business with Tipp24 SE, thereby enabling Lotto24 AG to start their activities in the German market free of the burden of legal disputes."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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