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French group plans to add to its Betclick acquisition

A move by French group Mangas Capital Entertainment to acquire the online poker, casino, livebetting, sports and skill gaming company has been attracting attention throughout the French media this week with reports that exclusive negotiations are in progress with a view to sealing a deal before the end of 2008.
A successful signing will add Nordicbet to Mangas's 75 percent interest in the sportsbetting site Betclick acquired PartyCasinoearlier this year. Several publications reported that Mangas is also interested in another and at this time unidentified European online sportsbetting company.
The Isle of Man licensed and Scandinavian focused Nordicbet is owned by the Betpoint group through Norinvest, and has been successful in its diverse offering to players in the UK, Norway, Sweden, Finland and Denmark.
Paris Sportifs reports that Mangas Capital Entertainment was founded late 2007 by CEO Stéphane Courbit, an extensively experienced executive in developing TV programme formats and producing content. Courbit is the former CEO of Endemol France and launched Endemol's Big Brother TV programme format in the French market.
In May 2008  IFIL SpA announced that it was investing Euros 42.5 million in the Paris-based Mangas with the aim to launch MCE as a new player in the European television production sector.
"The investment is in the framework of a capital increase aimed at providing MCE resources for a total amount of Euro 250 million," a statement from the company revealed. IFIL was to inject an initial Euro 21.25 million to secure a 17 percent stake in MCE, it said.
Courbit holds a 48 percent stake in MCE, with allies holding sufficient shares to ensure a majority in the company.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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