{"id":6858,"date":"2024-03-26T06:17:55","date_gmt":"2024-03-26T06:17:55","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/03\/26\/entain-faces-e104m-counterclaim-from-betcitys-former-owners\/"},"modified":"2024-03-26T06:17:55","modified_gmt":"2024-03-26T06:17:55","slug":"entain-faces-e104m-counterclaim-from-betcitys-former-owners","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/03\/26\/entain-faces-e104m-counterclaim-from-betcitys-former-owners\/","title":{"rendered":"Entain Faces \u20ac104M Counterclaim from BetCity\u2019s Former Owners"},"content":{"rendered":"<div>\n<p>Entain\u2019s acquisition of BetCity, a prominent online betting and iGaming brand in the Netherlands, has taken a contentious turn, with legal disputes surfacing over alleged breaches and withheld information.<\/p>\n<p>Several years ago, Entain announced its ambitious plans to acquire BetCity, signaling a strategic move to bolster its foothold in the lucrative Dutch market. However, the euphoria surrounding the acquisition dimmed when Entain launched a lawsuit earlier this year, alleging <a href=\"https:\/\/igaming.org\/casino-news\/entain-files-claim-against-betcity-owners-over-undisclosed-regulatory-breaches\/\">undisclosed breaches by BetCity\u2019s former owners<\/a>.<\/p>\n<h2><strong>Regulatory Breaches and Legal Ramifications<\/strong><\/h2>\n<p>The Dutch gaming authority deemed BetCity to be in breach of anti-money laundering laws and regulations pertaining to gambling promotion, which resulted in the company being hit with heavy fines. Entain is requesting significant damages, alleging hidden information and regulatory violations, notwithstanding the fines paid by BetCity\u2019s previous owners.<\/p>\n<p>A counterclaim has been filed by BetCity\u2019s former owners, who include members of the Singles family, in response to Entain\u2019s complaint. The previous owners want \u20ac103.9 million in compensation, rejecting Entain\u2019s claims of non-disclosure. Before completing the deal, they contend that Entain was properly notified of the regulatory investigations.<\/p>\n<p>The core of the conflict is related to operational changes made after purchase and breakdowns in communication. The former owners of BetCity argue that the acquisition conditions were not altered even after they informed Entain about the regulatory investigations through several means. Furthermore, they blame reduced profitability on Entain\u2019s post-acquisition operational adjustments.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/kats-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Kats Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/12\/kats-casino-1.jpg.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/kats-casino\/\" title=\"Kats Casino\" target=\"_blank\" rel=\"nofollow noopener\">Kats Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>250% Extra + $125 Free Chip!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 250% on 1st Deposit + $125 Free Chip<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/kats-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Both Entain and BetCity\u2019s erstwhile owners are preparing for drawn-out legal fights as the legal drama plays out. The resolution of this issue will have a big impact on iGaming sector acquisitions going forward and will highlight how crucial due diligence and openness are to these kinds of deals.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/entain-faces-e104m-counterclaim-from-betcitys-former-owners\/\">Entain Faces \u20ac104M Counterclaim from BetCity\u2019s Former Owners<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Entain\u2019s acquisition of BetCity, a prominent online betting and iGaming brand in the Netherlands, has taken a contentious turn, with legal disputes surfacing over alleged breaches and withheld information. Several years ago, Entain announced its ambitious plans to acquire BetCity, signaling a strategic move to bolster its foothold in the lucrative Dutch market. However, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-6858","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=6858"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6858\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=6858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=6858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=6858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}