Spin3 Partners with 3Line -- Spin3 has agreed to provide Eastern-Europe facing 3Line with its SpinFone play-for-free casino games suite. 3Line plans to launch the products first to Croatia and Slovenia, then to Bosnia and Serbia, via a pay-per-download or weekly subscription service.
Probability, Rank Ink Deal -- Mobile solutions provider Probability has inked an agreement with Rank Group to provide a suite of white-label games to the company's Grosvenor casino, Mecca Bingo and Blue Square operations.
Brand-Licensed in Kahnawake -- Bodog has announced a brand-licensing agreement with Kahnawake-based Morris Mohawk Gaming Group, which sees to the licensing of all Bodog domains and the Bodog trademark. The company said the agreement, covering the entirety of its North American gaming activity, was "in line with the company's plans for international expansion."
Stayin' Alive -- According to eGaming Review, Gibraltar-based operator Mansion has denied rumors that it would be shutting down its betting exchange in the near future. In February, the company closed its sports-betting business and, last week, moved its casino products to the Playtech platform.
Owing Big -- Betfair has reportedly secured a 94,000 euro High Court judgment against Raymond Harrell, its former head of Irish operations, citing claims of money owed. According to Irish paper The Sunday Business Post, Farrell said he intends to challenge to the judgment, issued Aug. 28, and would "take a High Court action against the company." Farrell told the paper that he did not owe the U.K.-based betting exchange any money, adding that he disputed the validity of the judgment. A Betfair spokesman likewise told the paper that the company intended to pursue collection of the money, which it believes Farrell withheld after leaving his post in 2004. Farrell was recruited by the company in 2002 to enhance its Irish racing portfolio and establish sports-betting contacts in the country.
Suitor Named -- Following Friday's announcement from Inspired Gaming regarding a £270 million takeover approach, Iceland-based FL Group (FL) confirmed shortly thereafter that it was the suitor. The international investment group reiterated that it was not certain that it would make a formal offer and would issue further news about the deal in due course. FL is already a 10 percent shareholder in the company.
Inspired (and Wealthy) Executives -- The Times carries a report on the deal, noting that the three executives behind Inspired are in line for an estimated £40 million payout if the takeover offer goes ahead. Co-Chief Executives Luke Alvarez and Norman Crowley along with Co-Chairman Russell Hoyle were each awarded roughly 3.4 million share options when the company floated in June 2006--worth around £13 million, each. The paper quotes one analyst as saying that the stock had more than doubled since the flotation, that the company had "done a very good job for shareholders."
Add Paddy -- In a research note published this morning, analyst Liam Igoe of Irish brokerage Goodbody maintained his "add" rating for Paddy Power after the London-listed company posted a record operating profit ($54.4 million) last week.
Stock Watch -- On the LSE, Probability was up 3p to 56.50, Rank was up 2.75p to 170.00 and Playtech was up 4.25p to 359.25. In Vienna, bwin was down 0.42 euros to 17.86 euros, and in Stockholm, Unibet was down SEK 2.00 to SEK 187.00.