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Betsson Acquires Europe-Bet For $50 Million

Betsson Acquires Europe-Bet For $50 Million Betsson CEO and President Magnus Silfverberg: ‘Together with Betsson’s technology, a foundation for profitable and growth that is sustainable and outside Georgia is established.’ (Image: linkedin.com) Swedish online gambling group Betsson has announced it will acquire Georgia-based Europe-Bet for US$50 million. An additional $35 million are paid in year’ time, provided that gambling regulations in the Caucasian country stay favorable, the company said today. The move shall bolster the company’s strategic presence into the region, explained Betsson CEO and President Magnus Silfverberg. As a result of the deal, Betsson will immediately end up being the second-largest operator in Georgia, with a 30 % market share, behind Adjarbet. In 2014 Europe-bet, that offers online and land-based activities betting, also as online poker and casino, reported profits of $52.4 million, $40.8 million (almost 78 percent) of which came from the online operations. Brand New Foundation for Development Europe-bet’s online revenues are driven largely by activities book, accounting for 44 percent of total turnover, but the operation can also be strong on online casino and poker, which are powered by the groundbreaking Connective Games platform. Europe-bet’s poker platform is listed by PokerScout as the 19th biggest in the global world at the time of writing. Europe-bet recently partnered with the planet Poker Tour, receiving licensing that is exclusive and on WPT products and services in Georgia. The deal permitted Europe-Bet.com to host three WPT events this year planet 7 oz no deposit casino bonus codes for existing players, two nationals and a main event trip, the very first of which kicked off in Tbilisi in the...

Coalition to cease Internet Gambling Brings in Trent Lott to Rally for RAWA Passage

Coalition to cease Internet Gambling Brings in Trent Lott to Rally for RAWA Passage Effective Washington lobbyist and Senate that is former Majority Trent Lott is on board the RAWA train now. Sheldon Adelson’s Coalition to Stop Internet Gambling has obtained the services of former Senate Majority Leader Trent Lott to lobby lawmakers on behalf of the Restoration of America’s Wire Act (RAWA). The coalition has employed Lott via the lobbying firm of Squire Patton Boggs (SPG), which also counts former Senator John Breaux among its ranks, to do its bidding. The six-strong lobbying group at SPG, led by Lott and Breaux, ended up being recognized by political news site The Hill as Top Lobbyists of 2014. Despite their apparent credentials, however, Lott and Breaux may have a hard time drumming up support for RAWA, which remains an unpopular piece of legislation in Washington, among Republicans and Democrats alike. Many pols dislike the bill since it smacks of cronyism. Senator Lindsey Graham (R-SC), who introduced RAWA to your Senate month that is last has announced his intention to run for president, and lots of observers believe that RAWA is a means of securing the sponsorship and campaign donations of Adelson on the GOP ticket. Open Secret ‘It is an open secret, at least within the Beltway, that this legislation is being considered as a benefit to billionaire casino owner Sheldon Adelson,’ said Ron Paul within an op-ed piece for Eurasia Review year that is last. ‘Mr. Adelson, that is perhaps most widely known for using his enormous wealth to advance a pro-war foreign policy, is now using their political...