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  1. #1
    blendtec is offline Private Member
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    Default Tipico "restructuring" aka stealing

    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.

  2. #2
    freakspin's Avatar
    freakspin is offline Private Member
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  3. #3
    blendtec is offline Private Member
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    Received by e-mail with an attached PDF letter.

  4. #4
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    The Buzz is offline GPWA Gossip Hound
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    Default

    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

  5. #5
    freakspin's Avatar
    freakspin is offline Private Member
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    Still no "official" mail from Tipico affiliate received. Can also login and have "active" stats...

    @blendtec: Can you also still login?

  6. #6
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    drifter8 is offline Private Member
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    Default

    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 ?
    Seven times fall, eight times stand.

  7. #7
    casinoFM is offline Private Member
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    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
    Last edited by casinoFM; 5 May 2020 at 7:25 am. Reason: contained strange code

  8. #8
    Gone2 is offline Private Member
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    Default

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

  9. The Following User Says Thank You to Gone2 For This Useful Post:

    drifter8 (5 May 2020)

  10. #9
    Benitho is offline Private Member
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    Default

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

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