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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’.
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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 -
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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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