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Three Sportingbet employees face renewed charges

5/24/10 - Online gambling group Sportingbet’s conflict with the Turkish authorities over its online gambling activities has surfaced again as three of its employees were again caught up in renewed legal action in Turkey, where the group offers its internet services in spite of a local ban, reports the Financial Times newspaper in London.
 
This week may see the trio appearing in the Istanbul High Criminal Court in a fresh hearing on a police case that was triggered almost exactly two years ago following a Turkish police action in which UK-based Turkish employees were arrested and later released after allegations of illegal gambling activity by the company.
 
The impending High Court hearing came to notice in the prospectus issued by Sportingbet on its graduation to the main London Stock Exchange last week . The company reported to potential and existing investors that the 2008 case had been referred to the Istanbul High Criminal Court by the Istanbul Criminal Court of First Instance after it decided it did not have jurisdiction to hear the case.
 
The FT reports that a Sportingbet source informed it that the new hearing would involve three employees, two of whom had been among those arrested in 2008, but that the employees concerned would not be attending the hearing. He did not divulge their names.
 
"The group has been advised that prosecution outside Turkey or extradition from the UK is highly unlikely," the company noted in its prospectus.
 
The FT report claims that Sportingbet derives 17 percent of its gross gaming revenue from its Turkish language web service - making Turkey one of its top four markets, alongside Greece, Spain and Australia - but it has no physical presence in the country.

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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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