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GIBRALTAR FSC VETO TORPEDOES IDT ACQUISITION
Neovia's (formerly Neteller) proposed acquisition of IDT Financial Services Holdings Limited has been abandoned, the online financial group announced just before the weekend.
Originally announced at the end of 2008, the proposal has now been shelved following a decision by the Gibraltar Financial Services Commission that it is unable to consent to the acquisition.
Neovia had anticipated that the FSC-related condition to the proposed acquisition would be achieved within a number of months of announcement of the transaction, and made every effort within its power to satisfy this condition, a company spokesman said. However, a substantial underlying shareholder of the company, who under Gibraltar banking law was to become a controller of IDTFSH and about whom information therefore needed to be provided to the FSC in connection with the approval process, refused to provide the requisite notification to the FSC.
"The FSC has in these circumstances determined that while it does not have any objections to the proposed acquisition of IDTFSH by NEOVIA, it is unable to consent to the change of control of IDTFSH from IDT Corporation to NEOVIA," the Neovia spokesman said.
"The Company is currently reviewing this situation in conjunction with its advisers and will provide a further update to shareholders in due course," he added.
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.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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