Pinnacle Sports announces new ownership

[jjgold]

nobody going back to USA

How dumb are people??

ITS ILLEGAL and you could never get UK gaming license taking bets from the USA

Pinnacle is not doing they are going in the opposite direction

[justlaw]

I just wait to what "route" pinanacle will take

[jjgold]

They are taking a legit licensing route

There is no other route to take

[PassTheDutchie]

They are taking a legit licensing route

There is no other route to take

It starts with an F and there is a conference dedicated to it in Miami this summer.

[Lookingtostart]

True to a point
but the big syndicates In Macau or HK or Moscow know that the sharp money is always towards MLB and NCAA BB Totals no matter what the EPL fixture looks like
Anything else is a guess

What are the limits for those games?

[Domestic]

Could certainly do with a new website.

[jjgold]

I doubt they will get new website even though antiquated

[Majman]

Does anyone know about any relationship between Pinnacle and the btc book Nitrogen? Seems like their lines are always identical except for a Nitrogen being a couple of cents more expensive on each side. A

[bilbaobaggins]

I wonder if they're going to open it back up to the United Kingdom??

Could certainly be a possibility - although they would have to separate their UK custom base from the main site, which would definitely mean weaker lines for the UK.

Unless they aim to rival betfair and add a betting exchange for regions with higher tax rates. Surely this would cover the tax margins required for the UK. If Matchbook can manage the UK customer base with 1.15% commission, I'm sure pinnacle can easily manage something like this and still be highly competitive

[jjgold]

Bibls great post as there has to be a way

Matchbook can do it and Pinny has more volume than them even with UK customers

[minet123]

if you don't know how to get an account with Pinnacle if you live in the US or UK or Tokyo or Singapore or Bombay or any where else they block direct access to an account
YOU DO NOT DESERVE ONE

[jjgold]

Minet accounts tough to come by

new owners might get rid of that side of the business

[bilbaobaggins]

if you don't know how to get an account with Pinnacle if you live in the US or UK or Tokyo or Singapore or Bombay or any where else they block direct access to an account
YOU DO NOT DESERVE ONE

There are plenty of ways to open a pinnacle account - the obvious being via a broker.

I know there are plenty of brokers around, but considering that even previously highly rated bookmakers have folded in recent times - why should I trust a broker??

[jjgold]

I would never trust a broker

many brokers exclude UK accounts also

[minet123]

Minet accounts tough to come by

new owners might get rid of that side of the business

2nd shift Opie JJ

[jjgold]

?????

If owners interested in high end licensing they have to go

It all depends who they are

[bilbaobaggins]

?????

If owners interested in high end licensing they have to go

It all depends who they are

Surely its in the interest of the public to name the individual(s) / parties involved in acquiring pinnacle. No matter what statement they have released on their website, customers should have a right to know who they are now dealing with.

[bilbaobaggins]

I'm sure it's all above board and legitimate, but surely no need for the secrecy. Maybe the info will appear via a whois search or registered company info in a few months

[Hareeba!]

Pinnacle is blocked here in Vietnam

Interesting.

Just back from a visit to VN and was using Pinnaclebet.com.au with no problem.

[bigballa]

why is it an english broad reporting this? are they just trying to look flash at sbr or something?

[SBR Natalie]

why is it an english broad reporting this? are they just trying to look flash at sbr or something?

I'm reporting it because I report all industry news at SBR and have done so for 3 years :-)

[Optional]

I'm reporting it because I report all industry news at SBR and have done so for 3 years :-)

And like he said, you do make SBR look flash too!

[Scorpion]

I'm reporting it because I report all industry news at SBR and have done so for 3 years :-)

thanks natalie

[grantingyou]

Forget UK... how about the USA? Will they open up for USA players?

Have some balls. DO IT.

It's funny to think that everyone believes they left the US. Certainly they did with Post Up, but their credit business is still strong. I treat my Grande & Pinny Agent like phucking gold!

[xtrader]

From http://www.pinnaclesports.com/en/about

The Pinnacle Sports brand is a product of Imperial Holdings Ltd, 8A Pitmans Alley, Main Street, Gibraltar.

Gibraltar sounds better than Curacao, even if it's only a PO box...

Having a Malta license doesn't prevent them from applying for a UK license in the future. Many books hold dual European licenses. Matchbook for example.

[JayZ]

They would take on a UK licence purely for UK customers. They can then continue to operate elsewhere under laxer conditions.

[ChewFu]

From http://www.pinnaclesports.com/en/about

The Pinnacle Sports brand is a product of Imperial Holdings Ltd, 8A Pitmans Alley, Main Street, Gibraltar.

Gibraltar sounds better than Curacao, even if it's only a PO box...

Having a Malta license doesn't prevent them from applying for a UK license in the future. Many books hold dual European licenses. Matchbook for example.

Advanced apologies for my ignorance, but where does it say anything about a Maltese license?

[Hareeba!]

Advanced apologies for my ignorance, but where does it say anything about a Maltese license?

http://medianet.com.au/releases/release-details?id=824407

[Hareeba!]

http://calvinayre.com/2015/04/15/business/magnus-hedman-new-pinnacle-sports-owner/

[basket33]

''eGR suggested Hedman’s dual acquisitions would have cost him around £200m, which would put the cost of his Pinnacle stake at around £160m''.

If ''controlling interest'' is at least 51%, that valuing pinnacle at around ~480 million USD.

What do you think high or low?

[Scorpion]

i read they stopped doing book to book transfers

[nin33ch]

Pinnacle betting exchange.. would be great..
We need a serious competitor in this business..

[jjgold]

seems fairly decent as far as value

There will never be competion to betfair..they are just too far ahead...million miles ahead

[Da Manster!]

To the new owners of Pinnacle Sports...

Do the right thing... allow the USA to wager with you again.

QFT!...

[Hareeba!]

QFT!...

I'm sure Pinnacle would dearly love to get back to taking US customers.
But the problem is Uncle Sam.