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Paysafe Acquires Income Access for $40 Million

Written by:
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Published on:
Aug/31/2016

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Income Access Bought by Paysafe - Paysafe has agreed to acquire Income Access for C$40 million (€27.4 million/US$30.5 million).  Under the agreement, Paysafe subsidiaries will purchase the Income Access business from EcomAccess, IA Digital Marketing and its shareholders, as well as certain software and related intellectual property from Share Results.

Press Leak Blamed for 888 Holdings Failed Bid Attempt at Buying William Hill - A press leak was one of the main reasons that 888 Holdings Plc and Rank Group Plc failed in their 3.1 billion-pound ($4.1 billion) pursuit of U.K. bookmaker William Hill Plc, according to 888 Chief Executive Officer Itai Frieberger.  “The leak didn’t allow us to have a conversation behind closed doors,” Frieberger said by phone Wednesday after 888 reported higher first-half earnings and revenue. “That’s one of the root causes of why we couldn’t progress it. Before we could make a call to William Hill, it was all over the press. That is very unfortunate.”

Sam Allardyce Cuts Ties With Football Gambling Firm My Club Betting - The England manager Sam Allardyce has severed his ties with the football gambling firm, My Club Betting, after it emerged that the company’s managing director had taken a similar company into liquidation four years ago.

Sands Casino Fined for Underage Gambling - The Sands Casino Resort Bethlehem is facing fines of almost 40-thousand dollars.  Pennsylvania casino regulators approved the fines yesterday for three alleged incidents of visitors under the age of 21 on the gambling floor.  The fine is the result of board approval of a consent agreement between the board's Office of Enforcement Counsel and the casino's owner Sands Bethworks Gaming.

Caesars Entertainment Chief Mitch Garber Walking Away a Very Rich Man - Mitch Garber is walking away from Caesars Entertainment as one of its only clear winners — collecting several hundred million dollars, The Post has learned. Over the weekend, a Chinese consortium agreed to buy almost all of Caesars Interactive Entertainment for $4.4 billion, landing Garber his jackpot. The financially distressed Caesars hired the former PartyGaming Chief Executive Garber in 2009 to head its newly formed interactive division.

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