My Sports Bet
July 9th General news ... My Sports Bet at my-sports-bet.com
AMAYA - RATIONAL GROUP DEAL MAKES PROGHRESS (Update)
Amaya Gaming shareholders were asked for - and gave - their approval for the Oldford-Rational Group acquisition deal Wednesday at a special general meeting called by the company.
The acceptance of the deal by shareholders is an important step forward in the acquisition process and follows the regulatory approval obtained earlier this week (see previous InfoPowa reports).
Amaya has now obtained all necessary shareholder and regulatory consents for the transaction and both groups will move towards its completion.
BETSOFT GAMING'S ALDERNEY LICENCE SUSPENDED
News emerging this week that Ben Affleck betting odds to win Poker Madden Betting Pandemonia the Alderney Gambling Control Commission has suspended the operating licence of online gambling software developer and provider BetSoft Gaming has left observers speculating in the absence of an explanation by the Commission.
Andr Wilsenach, executive director of the AGCC, has confirmed that a suspension notice was issued to BetSoft's parent group, Digitus Limited in terms of Alderney e-gaming regulation 91, together with notification of a hearing on the issue.
However, Wilsenach has declined to comment in detail, saying only that there are sufficient grounds for the Commission to believe that Digitus is no longer suitable to hold an AGCC accreditation.
WYNN RESORTS SECURES ONLINE GAMBLING APPROVAL FOR NEW JERSEY
Land casino magnate Steve Wynn's shock declaration over the weekend that he supported Sheldon Adelson's drive against legalised online gambling (see previous InfoPowa report) continued to puzzle industry observers Monday as the New Jersey Division for Gaming Enforcement confirmed that internet gambling approval had been given to his Wynn Interactive company.
The Associated Press news agency noted that Wynn is subject to changes of mind, a characteristic that online gambling analysts are finding to be true as the owner of Wynn Resorts flip-flops on whether he is for or against online gambling; on the one hand appearing to support Adelson's vehemently anti-online gambling thinking, whilst on the other applying for New Jersey licensing.
The unenviable job of presenting a rational corporate front on these inconsistencies was tackled by Wynn spokesman Michael Weaver this week, who told AP that the company may have secured approval, but that its implementation plans are "on hold" as the company "studies the market"...something one would assume had already been done before entering into partnerships and applying for licensing.
In responding to AP questions on the licence approval, the Wynn spokesman quoted an interview Wynn gave to Las Vegas journalist Jon Ralston over the weekend in which the land casino mogul said Internet gambling "is not a good entrepreneurial opportunity."
But in the same interview, Wynn held out the possibility he could change his mind.
On Monday, Weaver said Wynn is not rushing to go online in New Jersey.
"As Mr. Wynn said this weekend, online gaming does not appear to be a good entrepreneurial opportunity," Weaver told The Associated Press. "Consequently, our plans are on hold until we understand the business opportunity."
The DGE's approval grants authority to Wynn Interactive to conduct Internet gambling with partner Caesars Interactive. The division also granted a request by Wynn and Caesars Interactive to conduct Internet gambling operations with the All American Poker Network and 888 Atlantic Limited, an affiliate of a Gibraltar-based online betting firm.
The approval of so-called transactional waivers for Wynn enables the company to offer Internet gambling with Caesars Interactive, which has two of New Jersey's Internet gambling permits.
Seth Palansky, a Caesars spokesman, said: "We are allowing them to use one of our permits. I'm not aware of if they are going live, or when."