BIDDING ADIEU
By the end of February,
Betbull Holding S.E. will have officially exited the betting exchange business at a projected loss of 60,000 euros.
The company announced on Monday its withdrawal, which it said was necessary in order to streamline business and focus on its core retail betting markets in Germany and Spain.
“We no longer see exchange betting as part of our core business,” said Simon Bold, director of Betbull Holding, in a company statement. “We strongly believe in the durability of the retail model and see great potential for growth in the European markets.”
Mr. Bold said that the company will give attention to Germany -- where he said Betbull has achieved sustained growth and healthy margins -- as well as Madrid, which Betbull gained access to last October.
The company said shutting down Betbull.com will cost a consolidated loss of 60,000 euros and will cause no movement in its liquid funds due to the release of a security collateral.
Betbull said its online sportsbook will still be accessible to retail clients through the Primebet Web site.
LAUNCHING
On March 9, NetPlay TV’s EuroTeleMillions.com will launch in tandem with a TV distribution deal with Channel Five Broadcasting Ltd. and a new partnership with Trinity Mirror Group, which includes the Daily Mirror and Sunday Mirror, The Daily Record, Sunday Mail and The People.
The interactive gaming company, which announced the deals on Tuesday, said the new Web site will feature five fixed odds draws every week and called the new game an evolution of the “Play Monday” charity draw that NetPlay TV acquired in 2008.
The partnership with Trinity will include promotions in the aforementioned titles. NetPlay TV said Trinity readers will receive five free plays after purchasing the first five tickets.
“We're pleased to be working exclusively with both Five and Trinity Mirror Group,” said Martin Higginson, chairman and chief executive of NetPlay TV, in a statement. “This is an exciting launch for the company and another key milestone in our evolution.
NOTES ON A SCANDAL CryptoLogic Ltd. has released the letter addressed to its former chief executive Javaid Aziz, which the company said was filed with the U.S. and Canadian regulatory authorities on Tuesday.
The letter, in which Crypto explains why it believes Mr. Aziz is “not suitable” for a board position, also contains a string of e-mails Mr. Aziz sent to Robert H. Stikeman, CryptoLogic's chairman, and Wai Ming Yap, a director on the company's board.
Dispatched on Feb. 22, the letter asked for Mr. Aziz to respond by 5 p.m. Eastern Standard Time on Feb. 23. The software developer said in a press release on Tuesday that Mr. Aziz had yet to respond.
Click here to view the letter and e-mails.
Nambling Notes is .