Industry News
mybet Holdings files for insolvency proceedings

The governance of Frankfurt Xetra-listed betting group mybet Holdings SE has today issued a corporate update informing investors that it has filed for ‘open insolvency proceedings’.
The insolvency update follows mybet governance failure to sell the business to an undisclosed investor, as previously reported in July 2018.
This Friday, governance will file its insolvency application for three syndicated companies, of which mybet forms part of.
In its update, mybet’s board further informs investors, that it owes circa €4 million in sports betting taxes to the German tax office.
The betting group details that it had its request for a temporary tax suspension, denied by Frankfurt courts.
“The background for the application for the opening of insolvency proceedings is the failure of discussions with potential investors. Today, the discussions with a strategic investor reported by ad-hoc on the 13th July regarding the possible sale of the online business of mybet Holding SE under the domain www.mybet.com were closed.
These talks failed due to conditions set by the investors which could not be fulfilled” details mybet in its corporate update.
-
Cryptocurrency7 days ago
Slotland Entertainment Rolls out Dazzling New Slot, 8 Crystals, Across Multiple Brands with new Cryptocurrency Integration
-
Latest News7 days ago
Week 13/2025 slot games releases
-
Latest News7 days ago
GoldenRace Launches New Virtual Football for Retail
-
Latest News6 days ago
CONCEPT DEBUTS WITH NEW GAMES AT CASINO GRAND LEÓN IN MEXICO
-
Latest News7 days ago
Holland Casino Appoints New Director for its Online Division
-
Latest News7 days ago
BGaming Launches Data-Driven Players Hub
-
Affiliate Industry4 days ago
Affiliates are the key to unlocking operator success in Africa
-
Latest News7 days ago
Maximize market reach with Slotegrator’s new channelization report