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Perform Group plc has partnered with American Business Journals

Friday March 29, 2013 : PERFORM IN US DIGITAL SPORTS MEDIA DEAL
 
Strategically places firm in strong US position
 
Digital sports media firm Perform Group plc has partnered with American Business Journals Inc , a division of Advance Publications, in the establishment of a new company Perform Sporting News Limited .
 
Based in New York, with sales and editorial teams in Charlotte, Chicago and Los Angeles, Perform Sporting News Limited will materially enhance Perform's direct to consumer scale and presence in the US and Canada, said the company.
 
Perform Sporting News Limited brings together Perform's US and Canadian consumer and advertising businesses including its ePlayer sports video platform and football website Goal.com with the digital assets of ACBJ's consumer web division Sporting News, which includes SportingNews.com.
 
A press statement said the combined business will have a reach of over 33 million average monthly unique users and a team of 100 journalists, sales and technical staff providing sports fans and business partners with news, editorial comment, video and statistics across eight sports including the NFL, MLB, NBA, NHL and College Sports.
 
Perform's ePlayer and Goal business outside the USA and Canada and its content distribution and subscription business in the USA and Canada will not form part of the Venture.
 
PSNL will be 65 percent owned by Perform and 35 percent by ACBJ. On completion, Perform will provide loans and cash equity of $1.4 million and ACBJ loans and cash equity of $4.2 million to the Venture to cover its working capital needs.
 
Juan Delgado, currently managing director of Perform's Americas business will become managing director of Perform Sporting News Limited and Jeff Price, current Sporting News president and publisher will also join the new management team as president of Perform Sporting News Limited, with responsibility for integration, product innovation and advertising sales.
 
Commenting on the Venture, Oliver Slipper, joint chief executive officer of Perform, said:
 
"We are excited to announce this partnership between Perform and ACBJ, which brings together the leading provider of online sports video and one of the US's flagship sports media brands. Perform Sporting News Limited is a fantastic opportunity to significantly scale and transform our business in the US and Canada, two of the world's largest and most advanced digital marketplaces, to become a major player in these territories.
 
“Together, we will bring the best news, editorial, video and data content of professional and College Sports to millions of sports fans in the US and Canada and provide advertisers with a complete digital sports offering across the web and mobile and across both video and display."

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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