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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 Nordicbet.com 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 earlier 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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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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