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NEWS 9 July 2018
Veltyco terminates plans to acquire Ruleo for $7.6m
By Caroline Byrne

Veltyco Group plc, the gaming website promoter, has terminated plans to acquire Ruleo Alpenland GmbH, operator of the BTTY branded sportsbook in Germany and Austria.

The decision, announced on Monday, followed the completion of due diligence and developments related to the German licence program that may impact BTTY, Veltyco said.

Isle of Man-based Veltyco said in February that it had agreed to buy Ruleo for €6.5m ($7.6m) in cash and shares in a deal that would have given the company expanded reach in Europe.

BTTY has a gambling licence in the German State of Schleswig-Holstein and an official bookmaker licence in Austria. It has been developed as an app for iPhone and Android smartphones.

Veltyco operates its own brands and focuses on marketing for partners in the gaming industry.

RELATED TAGS: Sports Betting
IN-DEPTH 10 December 2018
Tackling the issue of UK self-exclusion

Harrison Sayers asks three industry executives about self-exclusion in UK gambling. Jack Symons, founder of Gamban, tells us why he saw it necessary to create his own self-exclusion software. Tracy Damestani, Chief Executive, National Casino Forum, explains how SENSE has long looked after those looking to avoid land-based casinos. Fiona Palmer, CEO of GAMSTOP, gives an update into the effectiveness of the UK’s National Online Self Exclusion Scheme.