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June 27th 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 Odds 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).



GTECH IN GBP 18 MILLION BID FOR PROBABILITY
2014-02-18

GTECH UK Interactive Limited has agreed a deal with mobile gambling specialist Probability Plc's board of Directors on a recommended cash acquisition price of around GBP 18 Million.
The deal will be fulfilled under a Court sanctioned scheme of arrangement that will entitle scheme shareholders to 50 pence in cash for each Probability Share held at the Scheme Record Time.
GTECH UK have agreed a premium price paying 58.7 percent over the closing price of 31.5 pence per share on close of business on 17 February 2014.
Probability Directors have agreed unanimously to recommend Probability Shareholders vote in favour of the resolutions to be proposed at the Court Meeting and the General Meeting in relation to the Scheme.
Renato Ascoli, President of Products & Services at GTECH, commenting on the deal said: "This Acquisition is a significant step in GTECH's ongoing efforts to meet the mobile gaming needs of our WLA and commercial customers.
"Probability does not have a WLA presence and its products complement GTECH's mobile product offering. The combination will generate operational synergies, primarily in R&D and games development."
Charles Cohen, Chief Executive Officer of Probability, added: "The Scheme provides certainty of value to Probability Shareholders through a cash exit at a premium to the recent share price. The Board and management of Probability are fully supportive of this transaction, which it believes is in the best interests not just of Probability Shareholders, but also of all of Probability's employees and customers. By becoming part of the GTECH Group, Probability will be able to leverage its technology, mobile expertise and customer relationships on a global basis."