Wager on Sports

Wager on Sports



October 1st General news ... Wager on Sports was created to assist the sports bettor in properly handicapping .

Wager on Sports was created to assist the sports bettor in properly handicapping .

In order to profit in from a complex game like baseball, the bettor must be as informed as possible on the ever changing statistics and trends.

Latest General News

APP HOME SELECTS MAHJONG TIME
2011-06-03

Facebook app developer goes online
Online Mahjong software provider, Mahjong Time announced the signing of its latest licensee this week, Facebook applications developer App Home.
App Home selected Mahjong Time's social-specialized software to power its newest brand, Mahjong Kings.com. The company says its Mahjong Facebook Kings app has 54 000 active players.
Slava Novozhenya, CEO, Mahjong Time said: "This new partnership with App Home is very exciting. Mahjong Time's robust software platform, with social tools and web 2.0 integration, combined with App Home's strong, far-reaching brand development will be a powerful alliance. Mahjong Time has continued to grow last year, and, with App Home as our latest licensee, we look to build on this growth for the remainder of 2011."
Elad Natanson, Founder of App Home added: "We are very excited to get into online Mahjong gaming. Integration with Mahjong Time's software was quick and seamless, and the initial results have been very encouraging. App Home is committed to providing the best Facebook applications, and by utilizing Mahjong Time's leading software we can continue that commitment in the world of online Mahjong."




EVERYMATRIX PARTNERS WITH OLYMPIAN TRADING
2011-06-03

Deal provides sportsbetting, gaming and Football Live Betting Odds Online Bingo NFL Odds bingo to multiple online brands
Olympian Trading Limited, parent company to IAM Corp who represent multiple online gaming brands including GR88.com and Bulldog777.com has entered into an agreement with gaming software firm EveryMatrix for the provision of its OddsMatrix sportsbook, GamMatrix gaming management platform and RakeMatrix bingo network.
The GamMatrix gaming management platform will enable the seamless integration of third party casino products from Microgaming and CTXM as well as poker from Merge.
The online gaming brands represented in the deal will offer mobile sports betting via the new OddsMatrix Mobile Sportsbook set for launch late July 2011.
Peter Karroll, CEO, IAM Corp said: “IAM Corp is extremely excited to embark on this new adventure and partnership with the EveryMatrix products, working with them not only for the current brands but also for the future IAM Corp clients who wish to enjoy the most efficient and experienced turnkey online gaming operations available anywhere in the world.”


BETFRED THE VICTOR IN TOTE SALE (Update)
2011-06-03

A long running race comes to an end
Its official, UK Bookmaker Betfred has acquired the UK Horserace Totalisator Board (Tote) for GBP 265 million announced the UK Government's Department for Culture, Media and Sport, this week.
The announcement clarifies the Tote's future to its employees with assurances on jobs and pensions and will benefit racing to the tune of GBP 155 million.
“Most people can’t understand why, in the modern world, the Government should be even a part owner of a bookie,” said Gambling and Racing Minister John Penrose. “So we pledged last year to end years of dithering and resolve the future of the Tote, and today we have done just that.”
A number of undertakings Betfred has agreed to provide include the continued payment of the Levy to racing even if part of the Tote business moves offshore and that the pool betting part of the business will not be sold off.
Among the specific terms of the deal:
- Betfred has agreed to pay a headline value of GBP 265 million for the business. This is comprised of an initial payment of GBP 150 million and deferred amounts, including accrued interest, of GBP 115 million;
- After deductions including debt and pensions, the net equity value to be paid to Government by Betfred is over GBP 180 million;
- The taxpayer will retain over GBP 90 million as its 50 per cent share of the net proceeds of the sale;
- Racing will receive over GBP 90 million as their 50 per cent share of net proceeds from the sale (use of which will be subject to compliance with state aid regulations).
In addition, Betfred has committed to making commercial payments to racing of GBP 11 million to March 2012 and an expected GBP 9 million annually over the following six years;
- The Tote Pension scheme will benefit from a GBP 25 million upfront contribution to the plan; and
- Tote employees will have assurances on jobs and an end to many years of uncertainty.
As part of the sale process Betfred will receive an exclusive seven year licence to operate Pool betting operations on all UK racecourses, one condition of which is a requirement to provide pool betting on every approved racecourse in the country.
Betfred have also publicly committed to the establishment of a Tote Racing Development Board with racing to help run the pool and foster wider collaboration. The Tote brand will remain on all UK racecourses.
Culture Secretary Jeremy Hunt added: “It was a closely fought contest which has ended up giving the Tote business and the racing industry the certainty they have been looking for. Of the GBP 265 million in the headline price only just over GBP 90 million will end up being paid to the Treasury. So this deal has been carefully calculated to make sure that the interests of racing, Tote employees and the Tote Pension Fund were given the greatest possible weight.”
Completion of the sale is subject to consultation with employees and is expected to take one to two months.


AAMS AND ARJEL IN COLLABORATION
2011-05-18

Italian and French regulatory bodies in co-operation agreement
The Italian regulator AAMS is due to sign a memorandum of understanding with French regulatory body ARJEL in the near future, tmnews.it reported this week.
The memorandum seemingly covers various issues including the exchange of information on licenced operators, player protection, defending the integrity of sport and the fight against unlicenced operators.
AAMS and ARJEL have refuted media speculation that the agreement may lead to a shared liquidity over the two jurisdictions.


UNIBET POSTS STRONG Q1/2011 RESULTS
2011-05-11

Company performs well across all its major markets
Malta-based online gambling and betting company, Unibet Group plc delivered another strong quarter in its interim report for the period January to March 2011.
The company's withdrawal from France represented 23 percent of gross winnings revenue in 2010, yet the company still posted a growth of 16 percent in gross winnings revenue during its first quarter 2011 and has shown a gain in market share in the Nordic region.
Key performance indicators for first quarter 2011 include:
- Gross winnings revenue amounted to GBP 37.5 million (Q1/2010: 41.8 million)
- Profit from operations amounted to GBP 11.2 million (Q1/2010: 10.6 million)
- Profit after tax amounted to GBP 10.0 million (Q1/2010: 9.5 million)
- Number of active customers at the end of the quarter was 328,054 (Q1/2010: 379,473)
- Gross winnings revenue for sports betting amounted to GBP 15.4 million (Q1/2010 17.6 million)
- Gross winnings for other products amounted to GBP 22.1 million (Q1/2010: 24.1 million)
- Live betting accounted for 57 percent (Q1/2010: 52 percent) of turnover on sports betting, excluding Free Bets
Henrik Tjärnström, CEO of Unibet said: "I am pleased to announce that the first quarter of 2011 was another strong quarter for Unibet were we have continued to perform well across all our major markets fully in line with our strategy.
“In the Nordics the growth year on year was 24 per cent which shows that we are gaining strong market share. The rest of the business has also grown well especially considering that France represented 23 per cent of the gross winnings revenue last year. "
The company's strategy for the next three years will see it re-focusing on core markets such as the Nordics and delivering a profitable growth even as Europe's markets develop and re-regulate.
“I expect consolidation within our industry to develop further, and we continue to evaluate opportunities that enhance shareholder value. Options for controlled growth in new regions are also constantly under review, with Unibet focusing on regions with high potential for long-term profitability,” Tjärnström added.