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WHAT'S HAPPENING AT WORLDLINK PLC?

10/09/2012 :  WHAT'S HAPPENING AT WORLDLINK PLC?
 
Court action and termination of contracts
 
Real time mobile application company WorldLink Plc released two RNS announcements last week that will be sure to unsettle stakeholders.
 
The first concerns an announcement of the termination of a contract signed in June 2012 based on non-performance of chief marketing officer Stephen Pearson and Sports Media Gaming (SMG).
 
Proceedings were subsequently issued against WorldLink by SMG which have culminated in the publication of a notice of winding-up of WorldLink in the London Gazette.   WorldLink said it is defending the winding-up petition and will counterclaim on non-performance issues and damages for breach of professional confidentiality.
 
The second RNS announcement involves the termination of an agreement signed in July 2012 with Across The Line Limited (ATLL) that would have seen ATLL acquire 51 percent of WorldLink's wholly owned subsidiary WorldLink Sport Limited in return for a required amount of funding.  The agreement was reportedly terminated by WorldLink for non-delivery of the agreed funding.
 
The company was recently embroiled in High Court action regarding a reverse takeover agreement with AIM-listed company ParOS.  WorldLink backed away from the agreement and the High Court, in a breach of exclusivity claim laid by ParOS for GBP 720 000, ordered WorldLink to pay GBP 150 000 for the break fee, GBP 4 in nominal damages, and dismissed the rest of the claim.
 
In June of this year, the Worldlink Group found itself in High Court proceedings against City Index in a patent infringement suit.  City Index denied infringement and counterclaimed that the patent be revoked.
 
The UK Financial Services Authority temporarily suspended WorldLink from trading on the London Stock Exchange at the end of June 2012 on request from the company following notification of failure to publish its Annual Financial Report for the financial period ended February 2012.
 
WorldLink has signed a number of deals with UK Premiership football clubs in recent months for the provision and management of betting operations.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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