News in Brief
PokerStars reveals Tilt plan, Betfair in Playtech deal, GVC and Hills in Sportingbet takeover talks
PokerStars revealed details of its plan to repay $184 million to former customers of Full Tilt Poker outside of the United States of America. In France, Spain, Denmark, Estonia and Belgium former Full Tilt Poker players will be repaid through the locally-licensed PokerStars platform. In Italy, PokerStars is working with regulators to determine the appropriate process to ensure compliance with local regulations. In all other markets (with the exception of the USA), Full Tilt Poker players will have full access to their accounts when www.fulltiltpoker.com re-launches during the first week of November.
William Hill and Germany-focused online casino operator Gaming VC have announced a joint bid to acquire Paradise Poker-owner Sportingbet. Hills would acquire the Australian and certain other regulated market sectors of the business and Gaming VC would acquire the remainder, presumably including Paradise Poker. The terms of the deal were not revealed and no agreement has yet been reached. Sportingbet is predominately a sports betting-focused business with the majority of its profits derived from Australia.
Betfair has signed a deal with leading software firm Playtech renewal of its contract for the provision of casino services, an agreement to launch Bingo and the option to offer its customers access to Playtech’s poker networks. The products will be available through Betfair websites and mobile portals. The deal will enable Betfair to offer ring-fenced Poker products in markets that require them. Betfair will work with Playtech to launch a fully licensed local poker solution in Spain during the current financial year and offer a similar solution in Italy soon after the licensed betting Exchange is launched.
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