The firm provided on-course bookmakers with laptops and software to hedge bets on Betfair, but a spokesman for the betting exchange denied a rumour that Betfair was owed a seven-figure sum by BetLink.
In separate news, the Racing Post received multiple complaints from disgruntled punters who have not been paid by the credit operation Worldsport Bookmakers after it ceased trading a month ago.
Elsewhere, Global Gaming Technologies announced that Chief Executive Paul Pullinger and Non-executive director Chris Cleverly sold a 26 per cent stake of GGT to Corvus Capital, a Geneva-based investment company.
Earlier in February, a couple of days after GGT officially launched OddsTrader, a betting platform that allowed punters to compare betting prices on Betfair and Betdaq, and bet on the best price with one click, Betfair suspended the service claiming a breach of the API Software Vendor License.
GGT developed then a new OddsTrader product using HTML parsing technology and signed a contract for distribution on the FansFC.com portal. But on June 28, Betfair requested GGT to return to the Betfair API for placing bets on their service. Betfair\’s API terms and conditions state that nobody can “use the Betfair API to develop and make available to any third party products or services which are designed to enhance the appeal of any betting exchanges offered by anyone other than Betfair”. In order to comply with these terms, GGT disabled Betdaq access through OddsTrader and released a new Betfair-only version. So much for becoming a one-stop shop for exchanges\’ punters.
Calculators
