BUSINESS

Redbet faces lawsuit

TAGs: Abbantina Malta Limited, Lawsuit

court gavelRedbet has been making plenty of moves lately, first acquiring i4poker, a gaming site focused on the Eastern European markets and then signing a deal to acquire the Entraction powered DoubleCardrooms, a gaming site aimed at the Scandinavian market, but their biggest move will be defending themselves in court.

At the beginning of the month, Abbantina Malta Limited, the owner of NextPoker.com filed a lawsuit in the Stockholm District Court in Sweden against Redbet. The suit charges Redbet to fully settle a debt of €747,991 plus interest awarded to Abbantina on October 25 by the Arbitration Institute of the Stockholm Chamber of Commerce.

Abbatina Malta Limited claims that Redbet did not fulfill its contractual obligations or as described in a statement from the company ‘did not constitute an independent business as all relevant functions were integrated with Redbet Holding’.

In another statement from Abbantina, “Since Redbet Limited in addition has proven unwilling and unable to settle its debt, Abbantina has filed this lawsuit with the Stockholm District Court.”

The dispute arises from a 2007 so-called white label agreement which was cancelled by Abbantina in 2008.

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