Online Casino Scrutiny > Casino News > November '08

RotoPlay Sues Sportingbet: 2 

The online casino, RotoPlay Inc is well known in the fantasy sports betting sector. Their games include pro and college basketball, football, baseball, etc. The Hershey, Pennsylvania based company has worked hard over the years to gain the reputation that they have in the world of online casinos so that is why it is so important for them to make sure that justice is served if their lawsuit prevails in a court of law. For those of you that are not familiar with the RotoPlay website, it can be accessed at www.rotoplay.com.
The RotoPlay website in late 2006 sold all of its fantasy sports assets to a Vancouver, Canada based company iGaming Corporation. Actually, the company’s subsidiary purchased the website, IGC Entertainment Corporation which closed on December 11, 2006. This purchase by the Canadian company was priced at $300,000 which was paid t the closing of the deal but a portion of the remaining assets will be sold depending on the company’s value between February and November of 2007. This is a great deal for any online casino deal.
The purchase of this company was meant to be a great thing according to online casino expert and the president/CEO of iGaming, Christopher Knape. He is convinced that the market will receive this merger with open arms. In which he is probably right. Online casinos and sports betting site players most often only benefit from their favorite website becoming larger. This merger does not waver the lawsuit that is still pending between the two rivals, RotoPlay and Sportingbet plc.
The online casinos that have a sports betting specialty seem to be growing by the minute. Technically they are growing at a rate of 7-10% per year which means that there are more than 15 million players world wide. Yes, this does include the United States. Most internet gambling sources have been banned from the US because of the Unlawful Internet Gambling Enforcement Act. Unlike your typical online casino, sports betting websites are exempt from the act that outlawed online casinos from American players.







 





 

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