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BoDog SportsCasino & Poker

 

Bodog Acquires BetWWTS

SAN JOSE, CR — The sale follows a move by Betcorp to turn away US customers in the wake of the Unlawful Internet Gambling Enforcement Act, signed into law by President Bush last Friday. The Act effectively makes illegal financial transactions to internet gambling companies.

Betcorp said it had "suspended the accounts of United States residents with immediate effect", in response to the enactment of the act.

Betcorp had placed a hold on US customer funds since October 13th.

Betcorp said it was "unable to sell its US operations prior to the act coming into force", given that both the ASX listing rules and the AIM Rules required any such transaction to be conditional upon shareholder approval, according to the Sydney Morning Herald. Betcorp PLC is a publicly traded company on the Australian Stock Exchange.

Bodog.com, owned and operated by Forbes cover story mogul Calvin Ayre, is a privately held company in San Jose, Costa Rica.

In the wake of the US anti-gambling legislation, Bodog released a public statement earlier this week claiming that it would take “months to fully understand the ramifications, if any, there are from this new law.”

The firm went on to reaffirm its business model saying, “the pending legislation has validated our broad-based digital entertainment model and our decision to stay private.”

Source: TheRx.com

Editors Note: Former players of WWTS are now beginning to see their old accounts re-opened with their new BoDog accounts, and at the rate they're seeing them re-opened at BoDog, I would say they hope to have all old WWTS accounts switch over and re-opened at BoDog by this weekend.

Calvin Ayer said today:

"We’re pleased to announce that today Bodog.com’s acquisition of Betcorp’s international infrastructure has officially been approved by the company’s shareholders. This purchase, the first of many possible international acquisitions, is part of Bodog.com’s long-term strategy of expanding its entertainment brand into new global markets, such as Europe and Asia.

Our customers should take comfort in knowing that Bodog.com is experiencing stronger growth than ever in all of its entertainment channels, including gaming, and that this move marks what we consider to be the beginning of our aggressive plans to build a truly global entertainment brand"

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