Posts Tagged ‘professional sports betting software’

Paddy Power, Betfair Agree to Gambling Deal

LONDON—Paddy Power PLC and Betfair Group PLC on Wednesday joined a wave of mergers and acquisitions in the online-gambling industry, seeking to create a betting group with operations throughout Europe and Australia.

The transaction comes as the sector faces increased regulations that are raising competitors’ costs.

Shareholders in…

Article source: http://www.wsj.com/articles/paddy-power-betfair-agree-8-billion-sports-betting-merger-1440579950

EveryMatrix adds UKGC software & betting Licenses


Ebbe Groes

Ebbe Groes

European igaming platform and software provider EveryMatrix are the latest igaming and sports betting provisions provider to announce that it has been granted a set of gaming license issued by the UK Gambling Commission (UKGC).

This morning EveryMatrix executive  management announced that it had obtained a UKGC General Software License and a  General Betting Standard Real Event License , allowing EveryMatrix to offer sports betting and igaming provisions to clients wanting to target the UK online gambling market.

EveryMatrix adds the granted licenses to its existing UKGC License for online casino software and services provisions.

The software provider stated that the additional licenses would help EveryMatrix to continue providing operators with advanced iGaming solutions in the regulated UK market.

Ebbe Groes, Chief Executive Officer of EveryMatrix commented on the UK licenses approvals

“Once more, we are very pleased that EveryMatrix platform has met the strict regulatory standards of UK Gambling Commission and this indeed showcases the quality of our software. As a serious software supplier in the industry, we are constantly assessing adding more licences to the portfolio. Consequently, we are currently in the process of acquiring two additional licences in Europe to aid our clients in entering regulated territories and explore new markets.”

Presently, EveryMatrix has been granted licences in three jurisdictions: the United Kingdom, Malta and Curacao. These licences provide EveryMatrix’s clients with  provisions for targeting more than 30 different countries.

Article source: http://www.sbcnews.co.uk/technology/2015/08/26/21734/

‘eBay meets Facebook in Las Vegas': The fascinating story of Betcha.com

  • Betcha.com was born June 8, 2007. The website went dark a month later, but its legacy lives on.

    “Betcha.com was eBay meets Facebook in Las Vegas,” said Nick Jenkins, Betcha’s founder.

    “It was a person-to-person betting platform where bettors could bet on anything and everything for any amount and with any odds,” Jenkins told ESPN Chalk in a recent interview. “So long as a bettor could find an opponent to take his action, the only limit was one of imagination.”

    And it all came about because Jenkins was unable to agree on the terms of a friendly wager.

    “The idea came from real life,” Jenkins said. “I like to bet casually on just about anything. My buddies aren’t always willing to give me the terms I want. One day I thought, ‘Wouldn’t it be cool if there was a platform where I could post my bet offer for anyone in world to accept?’

    “So I made one.”

    A 2007 screen shot (see above) of the website shows how his idea came to fruition after years of software development and $540,000 of investment funding, according to Jenkins.

    “The Betcha platform allowed ‘sellers’ to post bet offers on anything and everything, from sports to politics to pop culture,” he said. “All they needed was a ‘buyer’ who was willing to bet on mutually agreeable terms.”

    Don’t look for the website now, though. While Jenkins still owns the domain name, the portal has been shuttered for more than eight years.

    “The site was only up for a few weeks and the betting amounts were mostly between $5 and $25,” he said. “Betting on sports was dominant.”

    Advertising material for Betcha.com, most of which was never activated given the site’s short life, highlighted the platform’s unique characteristics.

  • Rodenberg: The inevitable rise of real-time fantasy sports

    Ryan Rodenberg explains why real-time fantasy games are the future of fantasy sports, and why American sports leagues — and the betting population as a whole — will likely embrace them.

  • Rodenberg: Next generation of gambling technology

    With the increase in camera-generated advanced statistics in pro sports, the next generation of gambling — real-time, in-game betting — is on the horizon, Ryan Rodenberg explains.

  • The Washington State Supreme Court never ruled on the issue of whether Betcha’s opt-out clause removed the site (and its customers) from the definition of gambling. The issue remains ripe for another legal case.

    Person-to-person platforms like Betcha.com operate far differently than a traditional sports book with a stake in the action. There is no betting against the house. It is all customer-driven, involving trades with others like the New York Stock Exchange or NASDAQ.

    In essence, Betcha and its exchange-based cousins strive for betting without bookmaking, but such structures don’t always pass regulatory muster. Regulators in Washington State took swift action in 2007 and remain consistent today.

    “Our position now is the same as it was during the Betcha.com enforcement action and legal case,” said Susan Newer, rules coordinator and public information officer for the Washington State Gambling Commission in Olympia. “If Betfair, Tradesports, or any other betting-related ‘exchange’ operates in Washington state or provides services to Washington residents, it would be illegal under state law.”

    The Betcha.com enforcement action has lessons for how rapidly changing fantasy and wagering options are regulated on a state-by-state basis. With no uniform federal standard, some states are lax while others aggressively regulate the space. Washington, a jurisdiction with one of the strictest online gambling laws in the country, is illustrative of the latter.

    “Any DFS company operating in Washington or providing services to Washington residents would be illegal under state law,” Newer said. “DFS has received some complaints and we follow up on all complaints.

    “We do have investigations pertaining to DFS.”

    Jenkins was forward-looking in 2007 and remains so today.

    “I suspect betting will develop like retail,” Jenkins told ESPN Chalk. “In retail, there are traditional retailers who sell widgets to customers on their terms and person-to-person platforms like eBay, where people bypass traditional retailers and sell directly to each other.

    “In betting, sports books will be the retailers and person-to-person betting platforms will be the eBays.”

    Michael “Roxy” Roxborough are right, then betting without bookmaking could represent where at least some portion of “inevitable” legalized sports wagering in the U.S. may soon reside. Peer-to-peer exchanges are massive in Europe, with Betfair being a prime example. Related platforms like Tradesports, Waygr and Augur are emerging stateside now. They aren’t without their challenges, however.

    “Lack of liquidity was a potential problem for Betcha.com, as it would be for any similar platform,” Jenkins said.

    What he means is that without a critical mass of activity and users, sports trading exchanges cease to exist. Frequency and volume are key. Users will look for other options if too many of their trade offers are never consummated.

    Betcha.com remains an important historical footnote in this somewhat nascent space. Five years have passed since Jenkins’ legal tussle with Washington regulators, but bitter optimism — an oxymoron if there ever was one — nevertheless persists.

    “My belief in the American legal system died a quick and certain death,” Jenkins said in a moment of reflection. “My dream for Betcha.com has not.”

    Article source: http://espn.go.com/chalk/story/_/id/13506773/betting-bookmaking-curious-case-betchacom-chalk

    Brad Katsuyama’s Next Chapter

    At IEX in Manhattan, Brad Katsuyama, right, poses with Chief Strategy Officer Ronan Ryan, center, and Chief Operating Officer John Schwall, left.

    Ronan Ryan, IEX’s strategy officer, is standing in a conference room, in front of a whiteboard, explaining why the existing U.S. stock exchanges are screwed. As public companies, under shareholder pressure for ever-increasing quarterly earnings, they’ve become addicted to speed, Ryan says: “You have revenue in your back pocket in terms of latency—just make that cable two microseconds faster and mark it up 30 percent.”

    If IEX becomes an exchange and starts stealing significant market share, the existing exchanges will struggle to respond without sacrificing revenue. Every move they might make to match IEX’s anti-speed innovations—forbidding co-location, creating a speed bump, cutting back on order types, charging both sides of a trade the same amount, or giving away market data feeds—will mean surrendering something from which they currently make significant amounts of money or that helps drive trade volume to their exchange, Ryan says. As Lewis says in a telephone interview from his home in Berkeley, California, “I would not want to be a long-term investor in Nasdaq right now.”

    Nasdaq says it’s not beholden to high-speed traders for revenue: What are known as “high-order-to-trade customers”—a stand-in for HFT firms—account for at most 11 percent of its equities and options revenue. Walt Smith, Nasdaq’s head of U.S. equities, says that predatory HFT is less of a problem than IEX claims. “If it was overly toxic and bad, the largest stock exchange in the U.S. by volume traded would not be the Nasdaq,” he says, noting that investors would choose to route orders elsewhere.

    A disruptor whose model can not easily be mimicked by incumbents is catnip to venture capitalists, which is why IEX has had little trouble raising money. “It’s a classic innovator’s dilemma: The existing stock exchanges can’t change their business model,” says Alex Finkelstein, a general partner at Spark Capital in Boston, which led IEX’s latest financing round. Finkelstein was on vacation in the Turks and Caicos Islands and reading Flash Boys by the pool when he struck up a conversation with a trader who was also reading it. “I asked him if this was really the way it works. He said, ‘If anything, it’s worse,’” Finkelstein recalls. The morning he got back from vacation, he cold-called Katsuyama. Within weeks, IEX had raised $75 million from Spark and a group that includes Bain Capital Ventures and MassMutual Ventures, as well as Netscape Communications founder Jim Clark and casino mogul Steve Wynn.

    It’s far from certain, however, whether IEX can become an exchange while preserving its innovative structure. One unique feature of IEX is broker preferencing. Currently, if a broker has a buy order resting on IEX and then submits a matching sell order, those orders get to trade against one another first, jumping ahead of a match already submitted by anyone else. What’s more, the matching broker doesn’t get charged. IEX implemented this system to overcome the tendency of some brokers, including big banks, to route trades to their own dark pools. The SEC frowns on the practice because it disadvantages independent market makers and smaller brokerages. So IEX has decided to drop it from its exchange application.

    A bigger question for IEX is whether its vaunted magic shoe box will survive. Regulation National Market System, the 2005 SEC rule that created the current U.S. market structure, says quotations must be “immediately accessible” and defines immediate as “precluding any coding of automated systems or other type of intentional device” that would delay them. Smith says that in 2010, when Nasdaq was starting PSX, the smallest of its three exchanges, it nixed incorporating a speed bump after the SEC indicated it would likely object.

    Katsuyama believes IEX’s speed bump will pass muster, largely because it’s designed to create a fairer market. More and more, the SEC has questioned whether fast trading hurts average investors. SEC Chairman Mary Jo White, in a June 5, 2014, speech, wondered whether current SEC rules should be revised so they don’t impede “initiatives that seek to de-emphasize speed.”

    Even if IEX becomes an exchange, its pricing may hobble its prospects. Simply put, IEX is expensive. It charges each side of a completed trade 9 mils (9 cents per 100 shares). On competing exchanges, brokers can pay as little as 2 mils after rebates. Those exchanges also have tiered pricing: The more volume a broker sends, the less it pays per share. That makes it harder for an upstart such as IEX to steal business, because brokerages are loath to lose this discount. Don Bollerman, IEX’s head of markets and sales, says the price difference between IEX and its competitors isn’t as great as it seems when one considers that IEX doesn’t charge for data or co-location. He also says that as IEX grows, it should be able to lower prices.

    Over breakfast, the silhouette of the new Freedom Tower visible through the window behind him, Katsuyama reflects on his decision to leave banking. He says he was increasingly troubled by the way money on Wall Street bred corruption, encouraging people to make poor ethical decisions. Planning to start a family, he and his wife, Ashley , who grew up in Jacksonville, Florida, had considered leaving New York and Wall Street behind. But first, Katsuyama wanted to try creating IEX. “If this is my last stop on Wall Street,” he says, “I’m OK with it.” After all, Katsuyama never wanted to be anything other than what he is: a normal guy who thought he could build a better stock exchange.

    This story appears in the October issue of Bloomberg Markets magazine.

    Article source: http://www.bloomberg.com/news/features/2015-08-23/brad-katsuyama-s-next-chapter

    Research Analysts’ Recent Ratings Changes for Playtech PLC (PTEC)

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    Playtech PLC (LON: PTEC) has recently received a number of price target changes and ratings updates:

    • 8/11/2015 – Playtech PLC had its price target raised by analysts at Nomura from GBX 994 ($15.55) to GBX 1,035 ($16.19). They now have a “buy” rating on the stock.
    • 8/10/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Investec.
    • 8/7/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 1,125 ($17.60) price target on the stock.
    • 7/31/2015 – Playtech PLC had its “restricted” rating reaffirmed by analysts at Canaccord Genuity.
    • 7/27/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 1,125 ($17.60) price target on the stock.
    • 7/24/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Shore Capital.
    • 7/24/2015 – Playtech PLC had its “restricted” rating reaffirmed by analysts at Canaccord Genuity.
    • 7/20/2015 – Playtech PLC had its price target raised by analysts at Deutsche Bank from GBX 950 ($14.86) to GBX 1,040 ($16.27). They now have a “buy” rating on the stock.
    • 7/20/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 1,125 ($17.60) price target on the stock.
    • 7/15/2015 – Playtech PLC had its “restricted” rating reaffirmed by analysts at Canaccord Genuity.
    • 7/13/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 1,030 ($16.12) price target on the stock.
    • 7/3/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Investec. They now have a GBX 900 ($14.08) price target on the stock.
    • 6/26/2015 – Playtech PLC had its “restricted” rating reaffirmed by analysts at Canaccord Genuity.

    Shares of Playtech PLC (LON:PTEC) traded down 1.63% during mid-day trading on Thursday, hitting GBX 905.00. The company had a trading volume of 555,650 shares. Playtech PLC has a 52-week low of GBX 585.99 and a 52-week high of GBX 936.00. The firm’s market capitalization is GBX 2.66 billion. The firm has a 50-day moving average price of GBX 887.05 and a 200 day moving average price of GBX 815.82.

    Playtech plc, formerly Playtech Limited, is an Isle of Man-based online gaming and sports betting software supplier. The Company, along with its subsidiaries, develops unified software platforms for the online and land-based gambling industry, targeting online and land-based operators. The Company operates six product groupings: Casino, Services, Bingo, Sport, Poker and Videobet. Playtech’s gaming applications, such as online casino, poker and other P2P games, bingo, mobile, live gaming, land-based kiosk networks, land-based terminal and fixed-odds games are inter-compatible and can be incorporated as standalone applications, accessed and funded by the operators’ players through the same user account and managed by the operator by means of a single management interface. Playtech Software Limited, OU Playtech (LON:PTEC), Video B Holding Limited, Techplay S.A. Software Limited are few of company’s wholly-owned subsidiaries.

    Receive News Ratings for Playtech PLC Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Playtech PLC and related companies with MarketBeat.com’s FREE daily email newsletter.

    Article source: http://www.dakotafinancialnews.com/research-analysts-recent-ratings-changes-for-playtech-plc-ptec/374937/

    Australian police swoop on Gold Coast betting scam run by the ‘Irish Boys’

    TWO IRISH MEN are among four people arrested in a series of raids across Australia’s Gold Coast targeting a suspected fraud syndicate.

    Australia’s Crime and Corruption Commission (CCC) allege that the group, known as the ‘Irish Boys’, are involved in a cold-calling investment scam operation that has made at least $4 million by defrauding at least 150 people across the country.

    It’s claimed the group run high-pressure sales operations known as ‘boiler-rooms’ and attempt to sell fake investment schemes and sports betting software.

    Police believe that the four men arrested are among the leaders of the syndicate and are aged 32, 33, 34, and 36. Two of the men are Irish nationals and formal charges are expected to be brought later today.

    Police say that there is an intelligence to suggest that some of the money has gone offshore.

    “It will be alleged that these four men were the key players in running the two boiler rooms that we’ve dismantled today,” CCC’s Michael Scott said at a press conference this morning.

    It’s understood that the software is aggressively sold to people on the premise that it provides them with a foolproof way of winning money from bookmakers by allowing them to bet on both sides of a two-sided sporting event at a profit.

    The reality is those scammed cannot make money using the software because bookmakers do not take such bets.

    The syndicate is alleged to have used seven different companies to conduct their operation with the raids carried out a number of locations at Surfers Paradise and Bundall.

    Three businesses and six residential properties were searched along the Gold Coast and Scott says that “two active boiler rooms” were shut down by CCC officers working with Queensland Police.

    Forty-five people were found to be working out of the offices police said today:

    Some of the dishonest tactics used by those involved in the scam are the use of false names, virtual offices and even fake receptionists to deceive the those targeted by the fraudsters.

    Read: Irishman arrested after Sydney couple awoke to find him naked in their bed

    Read: Aussie dad asks politicians to fund holiday, public step in

    Article source: http://www.thejournal.ie/boiler-room-irish-boys-2276393-Aug2015/

    Google Glass coming to a doctor near you

    A few weeks ago, a New Zealand doctor donned Google Glass and beamed video of an aortic surgery to the offices of medical device maker Endologix Inc. in Irvine.

    The test demonstrated the potential power of a technology that famously flopped with consumers but is quickly becoming a go-to gadget for the medical world. Google is expected to roll out a new version of Glass in the coming months, and medical device makers, hospitals and family doctors are eagerly anticipating improvements. These will probably include an adjustable eyepiece, longer-lasting battery and water-resistant properties, according to people familiar with the project.

    Medical professionals see Glass – lightweight eyewear that lets the wearer livestream events, take notes, surf the Web and more – as a way to save money and provide better care. Endologix plans to use Glass to train doctors to implant the stents and arterial grafting technology it sells.

    “In the future, I could see every physician wearing the Glass for training,” said Keri Hawkins, Endologix’s global director of professional education. “It will change the way we train in health care.”

    While Google doesn’t make much money from the relatively small business, Glass is another way to hook users on its features and services, which in turn lets the company scoop up data and sell more ads. Google declined to comment.

    When Google rolled out Glass in 2013, initial rapture for the concept quickly gave way to ridicule. Early adopters willing to pay $1,500 for a pair of Web-streaming glasses were deemed “glassholes” and Google stopped selling the gadget to consumers earlier this year.

    Still, the company said it would continue to invest in the enterprise market and last year announced “Glass at Work,” an initiative to encourage software developers to target businesses. A host of startups are doing just that for a range of industries, from health care and telecommunications to manufacturing and energy.

    “We recognized the medical applications very early,” said Jim Kovach, a senior vice president at CrowdOptic, which sells Glass software for industries ranging from health care to sports. “You are saying to yourself, ‘Gosh this would be a great clinical tool.’ When Google said we are going to retrench and make it an enterprise device, we were ready.”

    Ramon Llamas, an analyst at researcher IDC, says most of the Glass devices sold last year probably went to corporate clients – many of them in the medical field – who have kept buying this year. Distributors interviewed for this story say Google may have sold hundreds of thousands of units. Glass is outselling other light, eyewear displays at least six to one, according to Brian Ballard, who runs APX Labs, a company that provides software for wearable devices.

    Getting a fix on Glass’s sales potential is hard because analysts include it in a broad category of headmounted displays that include everything from fancy binoculars to the gear pilots wear.

    Distributors and software providers are betting that Glass sales will pick up once the new version comes out. Earlier this year, Tony Fadell – who helped design Apple’s iPod before creating the Nest thermostat – was put in charge of the Glass project, and has been charged with making the device more elegant and user-friendly.

    The eyepiece, or prism, is bigger, people familiar with the matter said, and can adjust up and down – something the previous version couldn’t do. Now foldable, the device will let users swap prescription lenses in and out with a push of a button. Besides a more powerful battery, the new Glass features two antennas for improved connectivity, said sources who asked not to be identified because the information isn’t public. The device is also highly water-resistant, so doctors can safely wipe it with an antiseptic, they said.

    For Endologix, which uses CrowdOptic technology, Glass promises to be a cost-saver. Today, the company flies in small groups of doctors to attend training surgeries; in the future, up to 450 people will be able to watch a Glass-wearing surgeon from their desktops, asking questions and receiving answers in real time.

    Augmedix, which has raised $28 million from investors such as Emergence Capital Partners since its 2012 founding, provides Glass devices loaded with software that automatically fills out medical records as doctors speak with patients. The company charges “single-digit thousands” every month for each doctor, said Ian Shakil, Augmedix’s chief executive officer, who says right now doctors spend a third of their time on paperwork.

    “We have seven health-system customers, hundreds of users,” Shakil said. “Next year we’ll reach thousands.”

    At the Palo Alto Medical Foundation for Health Care, Research and Education, 10 internal medicine doctors have been testing Google Glass for the past nine months, using it to take notes during consultations. Now the nonprofit health care provider, plans to give the device to many more doctors.

    “It’s been a real physician’s delighter,” said Francis Marzoni, the foundation’s executive vice president. “The pilot has succeeded beyond my wildest dreams.”

    Article source: http://www.ocregister.com/articles/glass-678669-google-doctors.html

    Z Code System Release New Winning Sports Picks & Predictions Software

     
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    ZCODE releases information on how its new the product is a sports predicting software will change things in the Sports Betting space for the better. Further information can be found at http://winningzcodesystem.tumblr.com/.

    Earlier today, ZCODE announced the launch of Z Code System, its new the product is a sports predicting software set to go live Aug 19. 2015. For anyone with even a passing interest in the world of Sports Betting, this launch will be worth paying attention to, as it’s set to shake things up.

    Currently, with even a passing glance, a person will notice.There are a lot of betting systems in the industry but this tool is a lot more than a betting robot.There is 80+ Parameters in calculation. Every single detail is there.. The owner at ZCODE, ZCODE system has over 12.000 Facebook fans talking about this new way of sports betting., makes a point of saying “things are going to change when Z Code System launches”.

    ZCODE Facebook fans talking about this new way of sports betting. continues… “Where they always see the competitors doing the same old thing, most softwares released these days are boring Forex trading robots.ZCODE system is very different and people are profiting and having fun with it.. The business do this because they believe the company do it different using inner circle of trusted ones to give useres a complete betting system to trust and enjoy.. Ultimately this is going to be a huge benefit to the customers because this is going to benefit the them and give the players chance to enter the inner circle and keep making money with ZCode..”

    ZCODE was established in Aug 19th 2015. It has been doing business since 1999 and it has always been the business ultimate plan to help people profit from this unique new system..

    Currently, the closest thing to Z Code System are the major betting sites like Betway and Betson.The company does not interact with Casino gambling.Just pure sports betting and predictions., but Z Code System improved on this by holding on to only legitimate sports predictions. This alone is predicted to make ZCODE’s sports predicting software more popular with customers in the Sports Betting industry, quickly.

    Once again, Z Code System is set to launch Aug 19th 2015. To find out more, the place to visit is http://winningzcodesystem.tumblr.com/

    For further information about ZCODE, this can be discovered at http://winningzcodesystem.tumblr.com/

    For more information about us, please visit http://winningzcodesystem.tumblr.com/

    Contact Info:
    Name: Annette
    Organization: Winning Z Code System
    Address: Carrer Ametista 9
    Phone: 602212155

    Release ID: 89473

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    Contagious Gaming infected by enthusiasm for Sportech takeover

    ContagiousGaming-LG.jpg

    Canada’s Contagious Gaming Inc. confirmed that it’s entered talks with sports betting company Sportech plc about a takeover proposal which the target announced last week.

    In its first statement about the approach, the Vancouver, B.C. suitor said on Tuesday, Aug. 18, that  the acquisition of the London company would create the largest purely sports-focused gaming company on the Toronto Stock Exchange.

    It said its offer was contingent on conditions including it “securing appropriate debt and equity financing.”

    Contagious didn’t put a price on the offer, which Sportech said on Friday was at a premium to its 62.63 pence price as of Thursday and would comprise a majority in cash and the balance in new Contagious Gaming shares. Sportech said its shareholders would also receive about half of the net proceeds of a pending claim for a £97 million ($152.1 million) tax refund, if the action is successful. At 62.63 pence per share, Sportech’s entire issued share capital was worth £129.2 million, almost seven times more than Contagious’ equity value.

    Sportech said last week the proposal was also subject to “significant level of support for the proposal from Sportech shareholders.”

    The target is 28% owned by Henderson Global Investments Ltd. and 17% by Newby Manor Ltd. It had revenue of £104 million in its 2014 fiscal year and Ebtida of £24 million.

    The discussions come amid a flurry of MA transactions among bricks-and-mortar and online gaming companies, as well as the companies that provide gaming software. Bwin.party digital entertainment plc is currently at the center of a $1 billion-plus takeover tussle between 888 Holdings plc and GVC Holdings plc, both of which are smaller than their target.

    Sportech’s Canadian bidder has until 5 p.m. London time on Sept. 11 to either formalize its takeover proposal or retreat and be barred from bidding for six months in most circumstances under the U.K. Takeover Code.

    Sportech shares were up 1.4% at 68.44 pence on Tuesday. Contagious shares were up more than 6% on the TSX Venture Exchange on Tuesday at C$0.26, giving the company a market value of C$19.2 ($14.7 million).

    Sportech’s advisers are Investec Bank plc’s Patrick Robb and Henry Reast and law firms Freshfields Bruckhaus Deringer LLP and Olswang LLP.

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    Article source: http://www.thedeal.com/content/tmt/contagious-gaming-infected-by-enthusiasm-for-sportech-takeover.php

    Australian police swoop on Gold Coast betting scam run by the ‘Irish Boys’

    Two irish men are among four people arrested in a series of raids across Australia’s Gold Coast targeting a suspected fraud syndicate.

    Australia’s Crime and Corruption Commission (CCC) allege that the group, known as the ‘Irish Boys’, are involved in a cold-calling investment scam operation that has made at least $4 million by defrauding at least 150 people across the country.

    It’s claimed the group run high-pressure sales operations known as ‘boiler-rooms’ and attempt to sell fake investment schemes and sports betting software.

    Police believe that the four men arrested are among the leaders of the syndicate and are aged 32, 33, 34, and 36. Two of the men are Irish nationals and formal charges are expected to be brought later today.

    Police say that there is an intelligence to suggest that some of the money has gone offshore.

    “It will be alleged that these four men were the key players in running the two boiler rooms that we’ve dismantled today,” CCC’s Michael Scott said a press conference this morning.

    It’s understood that the software is aggressively sold to people on the premise that it provides them with a foolproof way of winning money from bookmakers by allowing them to bet on both sides of a two-sided sporting event at a profit.

    The reality is those scammed cannot make money using the software because bookmakers do not take such bets.

    The syndicate is alleged to have used seven different companies to conduct their operation with the raids carried out a number of locations at Surfers Paradise and Bundall.

    Three businesses and six residential properties were searched along the Gold Coast and Scott says that “two active boiler rooms” were shut down by CCC officers working with Queensland Police.

    Forty-five people were found to be working out of the offices police said today:

    “Sales people use high-pressure and dishonest sales tactics to sell fraudulent investment schemes and sports betting software to members of the public. It is sophisticated organised criminal activity.”

    Some of the dishonest tactics used by those involved in scam the use of false names, virtual offices and even fake receptionists to deceive the those targeted by the fraudsters.

    This Irish ‘Skyscanner for DIY’ has been picked for a top Silicon Valley startup programme

    Investigation launched after 600 dead crayfish are found in Cavan

    Article source: https://uk.news.yahoo.com/australian-police-swoop-gold-coast-betting-scam-run-132918789.html