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TDS A/S wants to enter online gambling market
Tuesday March 4,2014 : DANISH TELECOM GIANT TO ENTER ONLINE GAMBLING MARKET?
Prospective contender holding cards close to chest
Danish telecommunications giant TDS A/S (formerly Tele Danmark) has voiced its intention to enter an online gambling market that it says is growing by 10 to 15 percent per annum with revenues of around DKK2.5 billion per year.
"All content services that can be digitized, is of fundamental interest to TDC as possible areas of business," confirmed Carsten Dilling, chief executive officer of TDC. "We already have for several years offered streaming of music, movies and TV series, and it is natural for us to explore whether there are other adjacent business models that may be relevant.”
TDC did not divulge whether it is planning to develop its own platform or whether it will partner with an existing provider.
"I do not reveal too much by saying that the ability to operate betting and casino is not a core competency for TDC. But both are well suited to TDC because customers consume our products while they play. Maybe they see a football game on TV while betting on their smartphone or iPad. We are strong in technology and the customer, while supporting us are people who are very competent in online odds and casino," said Dilling.
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PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
China Lottery Sales Up in 2016 -
The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).
New chairman and a new director for 500.com -
Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.
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