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TIPP24 TO REINVEST IN GERMAN LOTTERY BUSINESS
Has the prospect of a liberalised German market prompted the move?
Industry observers are speculating that Tipp24.com's return to the German lottery brokerage market is rooted in indications that the market may be liberalised in the future following anti-monopolistic rulings by the European Court of Justice recently.
The Hamburg-based online gaming operator announced this week that it is preparing to re-enter the German lottery brokerage market after selling the remainder of its outstanding shares for over Euro 9 million. A company statement advises that the proceeds will be used to rebuild its online brokerage of State-run lotteries in Germany’ by partnering with lottery companies in the nation’s Federal States.
“Following the European Court Of Justice’s rulings, we are now setting a clear sign for the reestablishment of our brokerage business in Germany,” said chief executive Hans Cornehl. “We aim to resume our former very successful cooperation with lottery companies and begin brokering the state-run Lotto once again via the Internet."
Tipp24 brokered stakes of around Euro 1.5 billion in the past and revealed that it decided to sell treasury shares in order to finance its reestablishment in the country rather than use funds from its UK minority holdings until ‘the respective legal questions have been settled’.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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