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Pagebet Internet sportsbetting operation in administration

The UK online and land sportsbetting firm Pagebet has placed its internet betting business into administration, reports The Northern Echo regional newspaper. However, the firm has agreed with administrator Tenon Recovery to purchase the assets of its online business, which it said would secure nine jobs at the Pagebet headquarters in Durham.
 
All customer funds placed online would also be secured and guaranteed, the company said.
 
Pagebet will now concentrate on growing its chain of high street betting shops, along with its telebetting business and plans to open a 57th branch at Shiremoor, in North Tyneside. It is also expected to announce a rights issue to raise about GBP 2 million to continue its expansion plan to acquire further shops in the UK, possibly as many as another 25.
 
While punters will no longer be able to bet online with the firm, they will still have access to a live feed via pagebet.com comprising a full range of betting markets and prices.
 
Explaining the decision to leave the interactive betting sector, Pagebet chief executive Austin Carney said: “The heavy investment required to grow the Internet business in a difficult period of recession was out of line with equity partner Advantage Capital’s and my board of director’s vision for the company.”



Gambling News :

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

NBA Odds: Wizards-Celtics at the Garden - The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.

A Night With Cleo Pays $180K Progressive Jackpot - We’d like to give a shout out to Juan S. from Texas for joining Bovada on a high note on Thursday May 4.

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