Latest News
Sportsbet secured a temporary court injunction in Australia to block rival CrownBet from changing its name to Sportingbet
In a recent turn of events, the online bookmaker Sportsbet has secured a temporary court injunction in Australia to block rival CrownBet from changing its name to Sportingbet. This is an important move for the Paddy Power Betfair operated company as it would avoid a misleading of consumers. At least this is what the operator claims in a recent statement.
In June, CrownBet has applied to the Australian Securities and Investments Commission to reserve the name ‘Sportingbet Pty Ltd’. CrownBet’s chief executive, Matt Tripp, served as chairman of Sportsbet from 2011 to 2013 and his father, Alan Tripp, once owned a company called Sportingbet that was acquired by UK operator William Hill in Australia in 2014.
The rebrand has been on the cards since Crown Resorts sold its 62% stake in CrownBet to The Stars Group for Aus$150m (£84m/€95m/$111m) in February. The Stars Group increased its stake to 80% in April.
The case between the two rivals, started about 2 weeks ago, this is when Sportsbet has sued CrownBet over a the trademark issue.
It has been a year of rivalry for these 2 companies, CrownBet was selected in March as the preferred bidder for William Hill’s Australian business in a deal valued at A$300 million. It is also important to note that CrownBet and Sportsbet were actually the two finalists in the highly competitive bidding process for William Hill Australia.
Sportsbet initiated an emergency order in the Federal Court in an effort to stop CrownBet last month, claiming that Sportingbet is too similar a name to Sportsbet and could “mislead or deceive” customers.
“This decision demonstrates that the court shares our concern regarding the likelihood that consumers will be misled into thinking services offered under a Sportingbet brand are connected or associated with Sportsbet,” Sportsbet said in a statement.
“Sportsbet will continue to take all necessary action to protect its brand and prevent deception in the market and will see the matter through to a final determination, if necessary.”
A CrownBet spokesperson said that the company is considering its options.
“We’re obviously disappointed and will examine the decision closely and consider all options available to us,” the spokesman said.
We are looking forward to the developments of the case and will return with results as soon as they are published.
Source: iGamingBusiness.com
Source: Latest News on European Gaming Media Network
Latest News
Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights
Malta, 28th March 2024 – PolarLotto, a leading provider of lotto betting services in Sweden, has just announced a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the iGaming industry. This collaboration aims to propel PolarLotto’s expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a safe and responsible manner.
PolarLotto prides itself on its commitment to transparent and ethical gaming practices, with a focus on player safety and responsible gaming. By teaming up with Fast Track, PolarLotto aims to leverage cutting-edge technology to expand its business model from traditional to online, ensuring a seamless and engaging experience for its customers.
Commenting on the partnership, Benjamin Burstein, CEO of PolarLotto, expressed enthusiasm about the possibilities ahead, stating, “We are excited to embark on this journey of transforming our business with the latest technology and automation tools provided by Fast Track. As we transition to the online space, we are confident that Fast Track’s expertise in custom segmentation, real-time data capabilities, and personalised experiences will enable us to better serve our players and achieve our business objectives.”
Fast Track also expressed confidence in the partnership, highlighting the potential for exceptional results through its Singularity model, which uses AI and machine learning to deliver tailored content to players, at the right time and through the most effective channel. “We are thrilled to partner with PolarLotto and support their online expansion,” said Simon Lidzén, CEO and co-founder of Fast Track. Our tools are designed to empower lean teams to achieve remarkable results, and we look forward to helping PolarLotto maximise their online presence and engagement.”
The post Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights appeared first on European Gaming Industry News.
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Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years
As the CS2 PGL Major in Copenhagen is set to kick off, Red Bull Media House will unveil a captivating feature-length documentary, “Memories of CS:GO – The Early Years,” an ode to one of the most influential games ever made.
This film takes viewers on an immersive journey through the origins and evolution of Counter-Strike: Global Offensive (CS:GO), featuring personal accounts and defining moments from several of the most legendary figures of the game.
The 90-minute documentary, narrated by Counter-Strike commentator Henry “HenryG” Greer, chronicles the remarkable trajectory of CS:GO, from its grassroots beginnings to becoming a global esports phenomenon.
Produced by Red Bull Media House, the film captures the essence of the game through the eyes of its most well known players, including Olof “olofmeister” Kajbjer Gustafsson, Patrik “f0rest” Lindberg, Richard “shox” Papillon, Gabriel “FalleN” Toledo, and Jarosław “pashaBiceps” Jarząbkowski, among others.
The documentary’s release is timed to precede the playoff stage of the PGL Major Copenhagen, scheduled for March 26, 2024. It will premiere on Red Bull Gaming’s YouTube channel at 21:00 CEST, offering viewers worldwide an insider’s perspective on the beloved game.
Event Details:
- What: Premiere of “Memories of CS:GO – The Early Years”
- When: March 26th, 2024, at 21:00 CEST
- Where to watch: Red Bull Gaming’s Youtube Channel
- The “CS:GO Memories” documentary can be viewed shareit.redbull.com
The post Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years appeared first on European Gaming Industry News.
Latest News
Ten Square Games ready for a new development opportunities in 2024
2023 ESPI package
The following documents in pdf format are equivalents of the official Consolidated Financial Statement which were reported in ESPI (download in the zip file above)
2023 Consolidated Financial Statement
2023 Management Board Report on Activities
Independent Auditor’s Report on the Audit of Annual Consolidated Financial Statements
Link to the stream
Link to the chat with individual investors
Presentation
Factsheet
Financial data
Transcription of the conference and Q&A session
For complete press release visit tensquaregames.com
The post Ten Square Games ready for a new development opportunities in 2024 appeared first on European Gaming Industry News.
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