Webis To Shutter Betinternet Operation

Fixed-odds no longer a viable strategy

Webis Holdings PLC has announced the imminent closure of its BetInternet.com Limited operation saying opportunities for US pari-mutuel business have directed the company to narrow its focus on the development of its WatchandWager business.
Webis describes BetInternet.com as no longer viable due to jurisdictional protectionism for fixed-odds operations by either prohibition or onerous regulatory and levy requirements.
The company said discussion with several interested parties had not lead to any firm offers for the operation which will close for business on March 5, 2015.
Outstanding client balances, secured in segregated bank accounts, will be effected immediately.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,446
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts