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August 4th General news ... My Sports Betting at mysports-betting.com

AUSSIE ONLINE LOTTERY COMPANY PROFITS DIP
2014-08-25

Jumbo Interactive, an Australian publicly listed company whose core activity is international online lottery operations, has reported declines in revenue and profits which it attributes to lower jackpot activity.
Posting its FY results to end June, Jumbo reported y-o-y revenues down 4.2 percent at A$24.13 million, and profits after tax of $2.78 million, a decline of 6.6 percent.
Start-up costs in the German market and the on-going development of operations in Mexico, which have yielded negligible income during the year, undercut company savings through cost-cutting




FULL TILT PRO'S NEXT IN LINE FOR REMISSIONS (Update)
2014-08-06

According to The Garden City NFL Betting Lines Group (GCG), claims administrator of the forfeited funds in the United States v. PokerStars, et al. 11 Civ. 2564 case, players designated by Full Tilt Poker as professionals, excluding Team Full Tilt Players, are next in line to recover a portion of their account balance.

GCG said professional players may submit a petition for remission to recover a portion of their account balance that is not attributable to compensation provided by FTP or Affiliate revenue.

To date, almost $100 million in claims have been returned to Full Tilt US players since the beginning of this year, the last of which was in June 2014 (see previous InfoPowa reports).

Professional players have until September 3, 2014 to submit their petitions.



BWIN APPOINT SPRINGOWL NOMINEE AS NON-EXEC DIRECTOR (Update)
2014-06-11

bwin.party's board of directors have appointed Daniel Silvers as a non-executive director of the board with immediate effect.

Silvers (37) is president of SpringOwl Asset Management LLC (formerly Ader Investment Management LLC) who acquired 6.1 percent of bwin.party's issued share capital from Emerald Bay Limited and Stinson Ridge earlier this year (see previous InfoPowa reports).