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LETOU confirmed as FC Internazionale Milano’s first Asian online gaming partner

Zoltan Tundik

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Inter Milan agree deal with LeTou L to R Giorgio Brambilla, Inter Sales & Partnership Management Director Paul Fox LeTou CEO and Inter Vice President Javier Zanetti - at Appiano Gentile on August 6, 2018 in Como, Italy.
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August 8 2018, Milan, Italy – LETOU has announced a partnership deal with Serie A giants FC Internazionale Milano (Inter) to become their first-ever Asian online gaming partner.

LETOU will become the club’s Official Regional Online Gaming Partner, in an agreement that will see the club’s image and identity used as part of LETOU’s promotions in Asia.

LETOU are based in the Philippines and are hugely popular across Asia and have previously sponsored Swansea City FC when they were in the Premier League.

The partnership will give Asian football fans the chance to engage with Inter, who will provide LETOU with LED perimeter board exposure at all domestic fixtures played at the San Siro stadium.

LETOU CEO Paul Fox said: “In recent years, the ever-popular Serie A is becoming even more prominent in Asia and LETOU is honoured to be Inter’s first ever Asian online gaming partner.

“The club’s great history, their fantastic international fanbase and the fact that Inter is back in the most important European competition, the UEFA Champions League, makes them ideally placed to support our continued growth in the Asian marketplace.”

Inter Vice President Javier Zanetti attended the presentation of the partnership. “We believe that this new partnership will be successful” said Javier Zanetti “we are proud to partner with a premium brand such as LETOU.”

Giorgio Brambilla, Inter Sales & Partnership Management Director said: “LETOU has become an established brand in the football landscape and we are pleased to welcome such a prestigious and well known partner to our portfolio. Through this partnership they will be able to target millions of Inter fans throughout Asia.”

The partnership will commence at the start of the Serie A 2018/19 season, which begins on August 18.

 

LETOU

LETOU is a fully legally licensed global gaming brand with offices worldwide.

Established in 2004, LETOU was the one of the first Asian companies to provide cash-based online gaming entertainment services and enjoys an international player base and strong market share.

As industry pioneers, LETOU focus on serving players worldwide with premium-quality gaming entertainment.

LETOU holds gaming licences in Europe and Asia, heavily regulated e-gaming jurisdictions, recognised globally for their stringent standards.

LETOU is passionate about sport but we also want to give something back to communities and we know how powerful sport is to create social change.

That is why we launched the initiative ‘LETOU Goals for Good’ which aims to work with a wide range of charities supporting those who are disadvantaged and providing them with exciting opportunities and experiences.

Find out more at www.LETOU.com.

For media inquiries please contact:

David Alexander, Calacus PR on 07802-412424 or david.alexander@calacus.com OR

Ben Appleby, Calacus PR on 07731-769269 or ben.appleby@calacus.com

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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AGTech announces revenue report of 2018

Niji Narayan

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AGTech announces revenue report of 2018
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AGTech Holdings Limited announced its final results for the last year, revealing a profit of approximately HK$317.1 million (US$40.4 million). The results were up from a loss of HK$302.2 million in the prior year period.

Revenue of the group, however, was down 44.2 per cent year-on-year to approximately HK$168.6 million.

The main revenue contributions were from lottery hardware, lottery games, and systems, provision of distribution and ancillary services, games and entertainment business in the PRC.

The decrease in revenue was caused by an HK$86.0 million decrease in revenue from its games and entertainment division and a decrease in sales of lottery hardware of approximately HK$60.3 million.

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GVC confirms departure of Lee Feldman

Niji Narayan

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GVC confirms departure of Lee Feldman
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GVC Holdings is seeking a new Chairman, as incumbent Lee Feldman is preparing to announce his formal departure from the FTSE100 betting group. Feldman has been a GVC governance advisor since 2004 and was appointed corporate Chairman in 2008, becoming a key stakeholder in the firm’s aggressive M&A expansion strategy and corporate financing structures.

The news of the departure comes amid GVC investor backlash at Feldman and Chief Executive Kenneth Alexander having offloaded a combined 3 million of company shares at discounted price. This drawn the criticism from GVC investors, having shrunk the firm’s shareprice to 519p and further being branded as showing a “lack of confidence by leadership” on GVC’s long-term prospects.

GVC maintains that Feldman will be leaving the betting group, as part of City governance guidelines obliging FTSE Chairmanships to last no-longer than nine-years. The corporate governance had begun an accelerated process to find Feldman’s successor.

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Smarkets announces strengthened executive team

George Miller

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Smarkets announces strengthened executive team
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Smarkets, one of the world’s largest betting exchange and prediction market platforms, has this morning announced a strengthened executive team.

Robin Harrison, a former engineering team lead at the company, has re-joined the company as Chief Technology Officer after a year in the role of Head of Engineering at Asto, a fintech startup backed by global bank Santander.

Meanwhile, Tom Hardman and Céline Crawford have been promoted to Chief Operations Officer and Chief Communications Officer respectively.

Hardman, who formerly held the title of Head of Business Operations, is one of Smarkets’s longest-serving employees having joined in 2010 after graduating from Oxford University. During his time at the company, he has overseen many areas including finance, legal and customer support.

Crawford has been with Smarkets since 2015 after working in the banking and communication sectors for over a decade at companies including finnCap and Commerzbank.

Smarkets have also hired Chris Baldacchino as Chief Compliance Officer. He joins after holding the same position at Hero Gaming, having previously been COO at the Malta-based firm.

The quartet join CEO and Founder Jason Trost on the company’s executive team.

Trost said: “I’m delighted to welcome Robin and Chris to the company, as well as adding two of our most dedicated employees, Céline and Tom, to the executive team.

“Robin, having been a team lead at Smarkets previously, is well-placed to develop and advance our class-leading product further, while Chris’s industry expertise will be invaluable as we look to expand to new territories, such as the emerging US market and other European countries.

“Both Céline and Tom are integral employees who have been with the company for many years and fully deserve their promotions, having played a big part in our recent success.”

The C-suite announcement comes shortly after Smarkets revealed that it had over £150m of trading volume on its exchange during the recent Cheltenham Festival, with all-time records broken for concurrent users on both the company’s web and app platforms. Read more at smrkts.co/chelt19

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