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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.”
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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