ONLINE NEWS
Paddy Power Betfair joins Hills in Crownbet talks
business. However, citing sources close to the matter, the Reuters news agency reported that Paddy Power Betfair had also entered the race. Crown Resorts, which holds a 62% stake in
P
addy Power Betfair is said to have joined William Hill in opening talks over the acquisition of Crown Resorts’ stake
in Crownbet. It emerged that in late November William Hill had held “very preliminary discussions” with Australia’s Crown Resorts regarding the potential purchase of its stake in the online gaming
Crownbet, confirmed in a statement that it has opened talks over a potential deal, but stopped short of naming the parties involved. The company said: “Crown Resorts notes media speculation today in relation to consolidation in the online wagering industry, including in relation to CrownBet, which is 62% owned by Crown. Crown evaluates opportunities regarding its investments from time to time. Crown confirms that it is in discussions concerning its interest in CrownBet; there is no certainty as to whether any transaction will eventuate.”
Scientific Games ups NYX stake
definitive agreement to acquire the entire NYX business for approximately C$775m (€511.4m/U$609.6m). However, under an amendment to this deal,
S
cientific Games has further increased its overall stake in NYX Gaming Group by acquiring shares from The Stars Group. Under the securities purchase deal, the Stars
Interactive subsidiary has agreed to sell all of its securities of NYX, including 5,617,716 ordinary shares, 40,000 preferred shares and 1,363,636 Ordinary Share purchase warrants. As a result, The Stars Group will no longer directly or indirectly beneficially own, control or direct any securities of NYX.
The latest move comes after Scientific Games
recently acquired approximately 10.72% of the issued and outstanding ordinary shares in NYX. In September, Scientific Games entered into a
both companies last week agreed that should NYX shareholders not approve the acquisition at a vote next month or the deal not move forward for any other reason, Scientific Games will then make a contractual takeover offer to NYX shareholders for the same share price. In November it emerged that William Hill could
move to challenge the deal over contractual rights it obtained when it enabled NYX to purchase OpenBet. William Hill owns and controls 6,800,000 ordinary shares of NYX and £80m of preference shares of NYX Digital Gaming, an indirect wholly owned subsidiary of NYX. In response, NYX recently filed an anti-trust
lawsuit against William Hill over alleged “wrongful conduct” regarding the proposed acquisition.
Authentic Gaming Signs Go Wild Gaming deal
including Authentic Roulette. Under the deal, players on the operator’s roster of B2C brands, which include
GoWild.com,
GoWild.co.uk,
AstralBet.com and WildJackpots. com, will gain access to live roulette games streamed from the floors of luxury land-based casinos, including: The Platinum Casino at the Radisson BLU Hotel in Bucharest, Casino International Batumi at the Hilton Hotel (Georgia), The Saint-Vincent Casino (Italy), Casino Bucharest at the Intercontinental Hotel, and Royal Casino, Denmark In addition, they will also be able to take
A
advantage of Lucky Ball side bets, which offer pay-outs of up to 120:1. The operator’s players will also be able to view live entertainment events while they play via the supplier’s Live! Entertainment platform and enjoy dedicated online tables on the casino floor via the newly launched Casino Floor Studio series. Authentic Roulette allows land-based operators
to live stream games from roulette tables located on their casino floors to an unlimited number of online players via the supplier’s network of B2B clients. The footage is captured via HD cameras located above the wheel and around the table. Authentic Roulette is not realistic, it’s real; the tables are real, the croupiers are real, the cards and the chips are real and, most importantly, the other players are real.
Portugal proposes egaming regulations changes T
he Portuguese government has put forward a number of proposed changes to laws and
regulations for the country’s online gambling market. The State Budget Proposal includes amending the law to allow licensed operators in the country to share their gambling platform to provide and promote online games to players registered with different sites in the country. The government has also put
46 DECEMBER 2017
forward a proposal for operators to provide online gaming between players registered with Portuguese sites and platforms in other regulated countries where liquidity
sharing is allowed. The proposed amendments will not only apply to poker, a section of the market that already looks set to expand through a liquidity sharing deal with France, Italy and Spain, but also sports betting. Operators that wish to take part in sharing activities must abide by new rules, or face heavy sanctions. Meanwhile, the government has also put forward proposed changes
uthentic Gaming has signed a deal with Go Wild Gaming to provide the operator with its full suite of innovative products,
to online gaming tax in the country, specifically the special online gambling tax on fixed-odds sports betting and how this is allocated. Cited in the State Budget
Proposal, the proposed changes include increasing the amount of tax for the State from 2.28% to 3.17%, and boosting the allocation for the ministry responsible for promoting social policies from 34.52% to 48.05%.
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