Tag Archives: Turkey

Intralot backs Turkish talent committing to building ‘INTELTEK technology Unit’

Celebrating its fifteenth year in business within the Turkish betting and lotteries market, Athens-listed gaming and lottery systems provider Intralot SPA has announced a major investment plan in strategic asset – INTELTEK. Issuing a market update, Intralot governance confirms that it has begun development on an ‘INTELTEK – Global Research & Technology Development Centre which will be housed in Turkey, supporting …

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Turkish Delight! Galatasaray nets Bilyoner as Premium Sports Partner

Galatasaray SK, Turkey’s biggest sports club has confirmed that it has secured a 2-to-3 year sponsorship with Intralot subsidiary Bilyoner Interaktif (Bilyoner.com) becoming its new ‘official betting partner’. Updating the media, Galatasaray Chairman Mustafa Cengiz disclosed that Bilyoner had committed to a 2-year sponsorship agreement set at TRY 8 million per season (€1.3 million) – a new deal valued at …

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Intralot secures one-year extension of Iddaa Turkey contract

Athens-listed gambling and lottery systems provider Intralot SPA has confirmed that its Turkish subsidiary INTELTEK will continue to act as lead ‘operations and technical support partner’ of Iddaa betting shop/points. Issuing a short market update, Intralot confirms that Turkish state-owned gambling enterprise SporToto has agreed to extend its Iddaa technology agreement with INTELTEK for a further year, commencing 29 August …

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GVC Holdings hits top form as Ladbrokes Coral says Yes to takeover

shareholders

FTSE-listed online gambling group GVC Holdings has achieved growth across its verticals despite undertaking significant corporate adjustments in its takeover pursuit of Ladbrokes Coral Plc. Publishing its audited full-year 2017 results (period ending 31 December), GVC records a 17% increase in group net gaming revenues (NGR) of €925 million (FY2016: €794 million). For its 2017 trading, GVC highlights the continued …

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Clean Turkish break costs GVC Holdings €46 million

FTSE online gambling group GVC Holdings has confirmed that it will offload its ‘Headlong Limited’ Turkish business unit relinquishing any payment from the asset. GVC governance undertakes its decision in order to help secure its £4 billion takeover of Ladbrokes Coral Plc, which is currently being reviewed by the UK Competitions & Markets Authority (CMA), which has set a 21 February deadline …

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SBC’s on the ball: Beckham’s big plans, Italian football and a bizarre transfer

From sponsorship to the ever-expanding world of football media coverage, when it comes to the business of football, SBC has you covered. This edition looks at the sale of AC Milan, a new MLS team and a bizarre transfer deal from Turkey. ____________________ Becks launches plans for Miami expansion Former England captain, David Beckham has launched his plan to form …

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GVC completes Turkish offload as 2018 judgement looms

Updating the market, FTSE online gambling group GVC Holdings has confirmed the complete disposal of Turkish business unit ‘Headlong Limited’ to Malta-based technology firm Ropso ltd. Last November, GVC governance announced that it would sell its Turkish enterprise and associated assets to Ropso for a total consideration of €150 million. Announcing the sale of Headlong, GVC leadership stated that the …

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Limerick FC unveils partnership with online betting firm

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Irish football club Limerick has announced a new partnership with Turkish online betting firm BetSat.com. The League of Ireland Premier Division outfit see’s the online sportsbook and casino service become the clubs main sponsor, and will duly have its logo emblazoned across all first team jerseys. Pat O’Sullivan, the Limerick chairman, has thanked the company for its backing, and stressed …

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Sokratis Kokkalis – Intralot governance eyeing US & Turkey opportunities

Athens-listed lottery and gambling systems provider Intralot SA has set out its mandate for continued international expansion following the firm’s annual general meeting. Detailing expansion beyond its home market of Greece, company Chairman Sokratis Kokkalis has pointed to the continued US market expansion where Intralot currently services 12 states with 600 employees. Furthermore, Kokkalis detailed to investors the firm’s positive …

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Under the boardwalk – GVC gets the green light in New Jersey

The New Jersey regulator has now approved both Bwin.party and GVC to offer gaming services in the state, when previously it was thought that such an outcome was unlikely. Scott Longley looks at the development. Jim Murren, the chief executive at MGM Resorts International, proclaimed after his company bought out erstwhile partner Boyd Gaming’s half share in the Borgata earlier …

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