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SPORTINGBET TURKISH OPERATION SHUT DOWN
Friday , October 21, 2011 : But company seems unconcerned. Interesting new information has come to light on Sportingbet plc's sale deal of its Turkish language website superbahis.com and associated offshore assets to East Pioneer Corporation B.V. supported by a services agreement with GVC Sports, a subsidiary of GVC Holdings plc.
This week Bloomberg business news reports that on October 14 (the same day the company announced the completed deal) Turkish authorities shut down the superbahis.com website which was listed as an integral part of the agreement and warned local industry that it would take action against all illegal online gambling sites.
Intriguingly when Bloomberg approached GVC, they were merely referred to Sportingbet where its chief financial officer, Jim Wilkinson, seemingly unconcerned said: “We’re very confident the situation will continue for three more years as it has for the last five.
” Given the consideration paid for the Turkish assets was a minimum GBP 125 million, there seems little concern over the Turkish Authorities actions.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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