Tipico "restructuring" aka stealing

[blendtec]

Dear Affiliate partner,

due to a strategic restructuring of our company, kindly find attached the termination letter in regards to our affiliate contract.

Best Regards

It even came with a signed letter from their director - how cute.

[freakspin]

Did you get that by mail?
Nothing here so far...

[blendtec]

Received by e-mail with an attached PDF letter.

[The Buzz]

Tipico Sportwetten suspends affiliate program:

Posting a notice on its website, Tipico marketing disclosed that it will no longer accept new sign-ups and registrations to promote its products and services.

Tipico’s statement read: “Until further notice, Tipico’s affiliate programme will be suspended and no new registrations are possible.”

https://www.sbcnews.co.uk/affiliaten...edium=facebook

[freakspin]

Still no "official" mail from Tipico affiliate received. Can also login and have "active" stats...

@blendtec: Can you also still login?

[drifter8]

I do not get any logic.

They have traffic, German Bundesliga is again to be re-opened and played behind closed doors. I know Tipico are having a lot of betting shops in Germany ( almost on any corner).

Maybe closing on some of them can stay behind this statement.

When big brands are doing such moves, you all can imagine what small and medium companies are capable of ?

[casinoFM]

29 Jul 2019
Moody's assigns B2 rating to the existing and new loans due 2022 and 2024 issued by Tackle S.a r.l.

Milan, July 29, 2019 -- Moody's Investors Service ("Moody's") has today assigned a first time B2 corporate family rating (CFR) and a B2-PD probability of default rating (PDR) to Tackle Group S.a r.l. (Tipico or the "company"), the parent and holding company of the Malta incorporated German sports betting operator Tipico.
Concurrently, Moody's has assigned a B2 instrument rating to the existing €890 million (€889 million outstanding) senior secured term loan B3 due 2022, to the new €550 million term loan due 2024, and to the existing €25 million senior secured revolving credit facility (RCF) maturing in 2022, all borrowed by Tackle S.a r.l, a subsidiary of Tackle Group S.a r.l. The outlook on all ratings is stable.
The proceeds from the new €550 million term loan together with €138 million of cash will be used to distribute a dividend of €616 million to its shareholders, to pre-fund the acquisition of 58 franchisee outlets for approximately €65 million and, to pay the transaction fees. At close, Moody's expects Tipico to have €10 million of cash in the balance sheet and its RCF entirely undrawn."

https://www.moodys.com/research/Mood...ico--PR_405751

combine this with Covid-19 and maybe also have a look at CVC, and you have an answer

[Gone2]

Maybe also because of the new German betting law which could forbid affiliate marketing.

[Benitho]

Big time crooks; kicked me out a few years ago when they demanded totally unrealistic new player numbers. Absolute a-holes !