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MORE INTERACTIVE TELEVISION BETTING MOVES BY NETPLAYTV

3/27/10 - The UK interactive television gambling company, NetPlay TV has announced that it is to take control of the current Challenge Jackpot database from Virgin Media Television for a fixed cash payment of GBP 1.82 million.  
 
The move is a further step designed to achieve the company's goal of becoming the UK's leading broadcaster of gaming experiences across a broad range of platforms, said a company spokesman this week.
 
He said that NetPlay TV and Virgin Media Television have agreed significant revisions to their agreement announced of 7 April 2009, and revealed that NetPlayTV has also agreed terms with Virgin Media TV for the termination of the option agreement under which VMTV was granted options over 14.9 million ordinary shares in Netplay.
 
Under the revised agreement NetPlay TV will take control of the current Challenge Jackpot database and terminate the Option Agreement in exchange for a fixed cash payment of GBP 1.82 million. The current database generated GBP 2.9 million of gross gaming margin from 12 May 2009 to 31 December 2009 and was subject to a revenue share agreement.
 
Under the revised terms all revenues arising from this database will be retained by NetPlay TV, with VMTV receiving fixed monthly payments that reflect the value of its airtime.
 
Martin Higginson, group CEO of NetPlay TV plc, said: "The revised terms of this deal allow us to invest in the future development of  the Challenge Jackpot brand, as well as the ability to extend it onto other channels.
 
"We see Challenge Jackpot as the mass market gaming channel in our portfolio, with something for everyone. Over the coming months we will introduce more live TV games allowing us to broadcast to wider audiences at peak times.
 
"Termination of the option agreement is a good use of the company's cash reserves. It reduces the threat of dilution for all shareholders."

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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