1. 02-20-15 08:49 AM #1
    Thor4140
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    Pinnacle?

    Alternative Trading Partners Advises on the Sale of a Controlling Interest in Pinnacle Sports

    Alternative Trading Partners February 18, 2015 4:59 PM


















    LAS VEGAS--(BUSINESS WIRE)--
    Alternative Trading Partners (ATP), a Las Vegas-based boutique M&A firm specializing in the gaming industry, has advised the existing shareholders of the online sports betting operator Pinnacle Sports on the sale of a controlling interest in the business.
    Curacao-based Pinnacle Sports is one of the world’s largest, licensed, online sportsbooks and also offers casino products. The company has customers in over 100 countries and is available in over 15 languages. It is known to be among the most competitive sportsbooks offering the lowest margins, the highest limits and welcomes professional bettors.
    The ATP team was led by managing partners Thomas Brunet and Kyle Carlston, assisted by London-based law firm Nabarro. The purchaser was advised by FinRes out of Dublin and London-based law firm Mayer Brown.
    Commenting on the transaction, managing partners Thomas Brunet and Kyle Carlston said, “The sports betting industry is maturing and moving towards the direction of modern financial markets. Pinnacle Sports has always been, and still remains to this day, at the forefront of this evolution. Offering the tightest lines with the highest limits, Pinnacle Sports is one of the most respected bookmakers with its ever evolving proprietary trading system at its core. It took a buyer with a forward-looking vision and financial background to bring this transaction to a successful conclusion."
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  2. 02-20-15 08:55 AM #2
    DigBick86
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    What does this mean?Is my money safe or should i withdrawl?
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  3. 02-20-15 11:33 AM #3
    sourtwist
    not a non pro
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    Quote Originally Posted by DigBick86 View Post
    What does this mean?Is my money safe or should i withdrawl?
    withdrawl?

    lofukkinl
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  4. 02-20-15 11:40 AM #4
    Russian Rocket
    Kleptoman
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    Quote Originally Posted by DigBick86 View Post
    What does this mean?Is my money safe or should i withdrawl?
    it means this

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  5. 02-20-15 01:12 PM #5
    bobtoma
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    Wonder if they will get back in the US business ?
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  6. 02-20-15 01:14 PM #6
    YorkHunt
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    Lol Pinnacle owned by someone in Vegas......sounds like a shit show waiting to happen
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  7. 02-20-15 01:30 PM #7
    Hareeba!
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    Quote Originally Posted by YorkHunt View Post
    Lol Pinnacle owned by someone in Vegas......sounds like a shit show waiting to happen
    What makes you say that?

    "The purchaser was advised by FinRes out of Dublin and London-based law firm Mayer Brown."
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  8. 02-20-15 01:36 PM #8
    jjgold
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    If pinnacle ever got bought by a corporation you would see much wider juice

    It would be a typical European juice type book.

    Why?

    They make money that way
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  9. 02-20-15 03:08 PM #9
    biggie12
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    Quote Originally Posted by jjgold View Post
    If pinnacle ever got bought by a corporation you would see much wider juice

    It would be a typical European juice type book.

    Why?

    They make money that way
    IF they are bought out i dont see them widening the juice. They will lose lots of business doing that which will hurt them long term.

    I wouldn't be afraid to keep money in pinny at this point i got a huge balance on there right now and not worried at all.
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  10. 02-20-15 04:08 PM #10
    jjgold
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    They would always be very safe

    Risk management team might be different though
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  11. 02-20-15 07:01 PM #11
    byronbb
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    Quote Originally Posted by jjgold View Post
    If pinnacle ever got bought by a corporation you would see much wider juice

    It would be a typical European juice type book.

    Why?

    They make money that way
    Taxes.
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  12. 02-21-15 04:56 AM #12
    justlaw
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    taxes and more taxes
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  13. 02-21-15 07:47 AM #13
    jjgold
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    you can only keep low juice concept with lots of volume

    Its why the last few years Pinny has widened juice because volume has come way down
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  14. 02-22-15 12:26 PM #14
    Mike1029
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    FYI- I have made 3 withdraws from Pinny in 2015 with no issues.
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