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  1. #1
    The Buzz's Avatar
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    Post New owners for RTG?

    Point-Spreads.com is reporting the source code for RTG has been sold to Hastings International B.V. A quick trip to the RTG homepage reveals that yes, something is amiss. Point-Spreads also notes the strange homepage in its report.

    http://www.point-spreads.com/index2...._pdf=1&id=1534
    http://www.realtimegaming.com/

  2. #2
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    Yep, the only info on the homepage:

    Licensing Opportunities:
    Hastings International B.V.
    New Haven Office Center
    Emancipatie Boulevard 31 P.O. Box 6052
    Curacao Netherlands Antilles


    Sales@HastingsBV.com
    No other links whatsoever on the page!

    But, who is Hastings International?
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    I you go to: HastingsBV.com , there is the RTG logo saying this site is the "authorized dealer".

    Based in the Caribbean in beautiful Curacao, Hastings International BV is an Authorized Distributor of RealTime Gaming software. Our Account Managers service some of the most successful online casino operators around the globe, consulting on all aspects of the online gaming industry from
    start-up to technology and software to staffing. Contact us today to explore the
    possibilities and the steps to success for your online casino business.
    Amateur
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    TheAPage.com

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    The Buzz's Avatar
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    They "might" have been the owners/operators of the new RTG dispute resolution group....

    http://www.therxcasinos.com/blog_new...annel-soon.php

  5. #5
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    Yes, Hastings has been connected with RGT for a few months now at least.

    In addition to the InfoPowa report Buzz linked to above, I have confirmation of the connection between these firms from a player dispute I've been kept in the loop about. The player filed a complaint with Montana Overseas, in late July, and in January received a message indicating that the dispute was now being handled by Hastings International. (This isn't from me being directly in contact with Hastings or Montana. It was a note from the player quoting a note from Montana.)



    The situation seems a bit strange in terms of what was purchased though. The point-spread article that Buzz linked to earlier mentions that another firm has "purchased the source code and programming team of Realtime Gaming" but based on the narrowness of that statement it seems like the gaming license still belongs to RealTime Gaming.

    I believe the person quoted by point-spreads about RTG not owning a casino is inaccurate from the perspective of Netherlands Antilles law. As I understand it, RTG is the entity holding the "master" gaming license. (For my reason for thinking this, see quote from InfoPowa article where the CEO of RTG references master licensor duties.) Netherlands Antilles law allows "information providers" to operate on behalf of a licensed casino, but does not formally establish a system of "master license" and "sub-license." So, a company claiming to be sub-licensed under RTG is really just an information provider for the licensed entity RTG. This was at least the case about a year ago when I was in contact with the Department of Justice there and I haven't heard news of any changes.

    So the idea that this is for legal protection as a software vendor is hard to imagine -- where did the gaming license go?
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