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First Deal For Neovia - Ex Neteller

In an agreement that the rebranded (was Neteller) Neovia Financial plc says will create one of Europe's largest independent prepaid debit card businesses, Neovia has inked a deal to acquire IDT Corporation’s European Prepaid Payment Services Division for a total cash consideration of US$ 15.05 million (approximately GBP 10 million) to be satisfied out of existing cash resources.
 
Highlights of the agreement include:
 
* Agreement to purchase the entire issued share capital of IDT Financial Services Holdings Limited and certain other assets which together provide prepaid MasterCard products in the UK market under the IDT “Prime Card” brand.  

BodogLife Casino* Total cash consideration of US$ 15.05 million to be paid to IDT Corporation on completion – this includes US$ 10 million of banking regulatory capital.
 
* Key strategic acquisition for Neovia, adding new product lines and distribution based on the IDT Prime Card, accelerating the development of Neovia's prepaid Net+ card business and rapidly increasing the company’s active Neteller e-wallet customer base.
 
* In combination with Neovia's Net+ card services, the agreement creates one of Europe’s largest independent prepaid debit card businesses.
 
* Acquisition of IDTFS, which operates under a banking licence issued by the Gibraltar FSC, will allow development in the long term of additional financial services for Neovia’s consumer and merchant customers.
 
* Acquisition is conditional on Gibraltar FSC regulatory approval and MasterCard consent.
 
Commenting on the agreement, Ron Martin, President & Chief Executive Officer of Neovia, said: “The acquisition of IDT Finance represents a major milestone in the development of our financial services offering to both our consumers and merchants and in our overall strategy to diversify our business.  The integration of IDT Finance’s well-regarded prepaid debit card operation and banking licence will enable us to leverage our existing capabilities to offer additional products and services.  We welcome IDT Finance to Neovia and look forward to developing the full potential of the business as part of our broader strategic vision.”
 
Howard Jonas, Chairman of IDT Corporation, said that the acquisition would benefit consumers.  “Neovia’s considerable resources and expertise will expand the range of financial services available to IDTFS customers while nicely complementing Neovia’s existing capabilities.”



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Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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