British Gambling Site Agrees to Hand off Information

The owners of a popular online gambling website, based in Great Britain, have agreed to help Belgian police investigators and soccer authorities in their inquiry into alleged match- fixing by certain Belgian soccer players and coaches.

Representatives of the popular online gambling website claim that they are able to, by reviewing information on wagers and winnings, identify suspicious betting activity. They are willing and able, they said, to pass this knowledge on to the proper authorities.
Belgian officials said that they were pleased by the cooperation of the popular online gambling website. If the website had not been so keen on helping the investigation, they said, the process would take much more time. It is in the interest of the popular online gambling site to help the authorities, in order to recover ill- gotten winnings from customers.

The Belgian soccer team Sint-Truiden aroused suspicion after losing two games against lower- ranked teams La Louviere and Cercle Brugge in late October and early November of last year, respectively. The popular gambling website alerted Belgian soccer and police authorities at the same time as the chairman of Sint-Truiden, Roland Duchatelet.

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UK Hilton Group Divests of all But net Gambling Assets

The UK Hilton group has announced that it is now wrapping up the sale of its hotels, and will soon concentrate solely on the net gambling site aspect of its multi- national business. It has sold its hotel assets to its American cousin, the Hilton Hotels Corporation.

The Hilton company had annual profits of 400- 405 million British pounds last year, and will sell its non- net gambling assets for an expected 3.3 billion pounds. It expects to return the equivalent of around 240% per share to its public owners, although the board is still in discussions on the precise form the payment will take.

The Hilton group, after it discards everything except its net gambling assets, will change its name to Ladbrokes. It is on the market for a bidder to buy the chain, although it rejected a 3.6 billion pound proposal by the company CVC to purchase the net gambling company. The Hilton group rejected the proposal because it “included a number of pre-conditions and failed to recognise the long-term strategic value of Ladbrokes.”

Analysts say that the Hilton group is very unlikely to accept any offer that is lower than 4 billion pounds.

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