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3 August 2007

Kolarmy trial abandoned

UK betting group Sportswinbet, which earlier this year announced that it was to trial a branded sportsbook managed by the Philipines company Kolarmy Technology, appears to have had second thoughts on the venture, which was intended to give the company access to the Asian market (see previous InfoPowa report)

Without going into detail, Sportswinbet used a trading update this week to announce its decision to abandon the Kolarmy Technology arrangement, but stressed that it would "...continue to look for investment opportunities in line with its stated investment policy”.

Online Casino News courtesy of InfoPowa