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IG GROUP ACQUIRES ISLE OF MAN SPREADBETTING ASSETS

The news earlier this week that financial spreadbetting has surged, with a 134 percent increase in the number of trades has been followed by reports from the Isle of Man that the UK-based spreadbetting  company IG Group has acquired software and domain assets for Bets For Traders.com, owned by the IoM company Trinitas Capital Limited.
 
According to a UK Wealth Management Industry report produced by research firm ComPeer, there has been a dramatic increase in the number of spread betting accounts opened. The total grew by almost two and a half times from 7 427 at the end of 2007 to 18 012 a year later. At the beginning of 2006 there were fewer than 1 500 accounts.
 
Trinitas has additionally disposed of its financial betting interests in a sale to fixed odds financial betting group Regent Markets, which also owns Bet On Markets.
 
In the IG Group deal, the purchasing company apparently intends to revamp the software to enable its use on IG's global platforms, enhancing existing facilities.
 
Commenting on the sale, Nick Maughan, CEO for Trinitas said: “We are delighted to be selling this software to IG Group and look forward to working with it to ensure that its clients benefit from the latest in real-time pricing and execution on non-standardised products.
 
“This transaction is part of a broader restructuring as our group companies move away from non-core activity and expand the focus on market-making and financial software service provision.”
 
IG Group's COO, Peter Hetherington, said: “The team at Trinitas has developed an innovative approach to dealing on financial markets. IG Group is very pleased to be acquiring its software which, with additional development, will allow us to further strengthen our wide range of products.”



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$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

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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.

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