BUSINESS

Rival Gaming refusing US players; Lads remain tight-lipped on Sportingbet

TAGs: Ladbrokes, Rival Gaming, Sportingbet

rival gaming logoIt’s being reported in various channels that Rival Gaming is the latest to refuse US player registrations. CasinoAffiliatePrograms.com carried a story that the company will no longer accept US players and this was confirmed by a message sent out by AffiliateWIDE earlier today. They told affiliates: “We have received notification from our software provider, Rival that as from 7th August we will no longer be able to accept New US player registrations.

“Please note your existing US players will still be able to deposit and you will continue to earn commission on player generated revenues.”

Casinos currently operating on the Rival network include Box 24 Casino, Black Diamond Casino, BetUS casino and Spartan Slots. The release went on to state that the AffiliateWIDE network of affiliates will be switching over to TopGame. Other operators are expected to follow suit and according to CasinoAffiliatePrograms.com, the Affactive network will make a similar announcement tomorrow.

On the other side of the pond, after announcing results earlier today the Lads revealed nothing on a proposed deal between themselves and Sportingbet. Chief executive Richard Glynn told a conference call on Thursday, “When there’s any more news we will deliver it to the market.”

He added, “We will continue to look at non-organic things where they deliver shareholder value, accelerate our core capabilities and where we will not take on any unmitigatable regulatory risk.”

Many thought that Sportingbet pulling out of Turkey would pave the way for a deal and it’s now unlikely that either company’s shares will do a lot until a deal is either done or not.

Numis analyst Ivor Jones added, “We believe that if the acquisition of Sportingbet goes ahead, the share price will respond positively to the increased exposure to online gaming and the opportunity to reinvest more of the retail cash flow in online growth.

“Even if there is no bid, we would expect the shares to move up as the uncertainty over an equity funding is removed.”

For now, it’s all about the waiting game.

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