London 1/27/2010 6:52:49 AM
Bouygues partners with TF1 for stepping into Online gambling
The United Kingdom-based Bouygues group has been well known for venturing out into several business sectors which are apparently not connected.
The United Kingdom-based Bouygues group has been well known for venturing out into several business sectors which are apparently not connected. Keeping their this tradition intact they now wish to step into the business of online gambling which is undoubtedly the most lucrative business proposition. Bouygues group, for the last 25 years, continued their success by strategically acquiring many companies and for capturing the online gambling business now they have partnered with TF1.
TF1 is well respected by global media experts as France’s leading and foremost general TV station companies in the field of theme-based televisions sets. TF1 is also into business segments like audio-visual production along with production and subsequently distribution of those programs. The organization is therefore quite experienced in handling multiple communication technology concepts. Therefore, there is no surprise that the Bouygues Group has chosen TF1 for the development of their poker, online gambling and sporting bet business. The group has also signed an agreement with FDJ or Française des Jeux In tjis regard
TF1 here will now act as the third mitigating party in the deal between Bouygues Group and the Française des Jeux for starting the venture in online poker. The former manager of TF1, Patrick Lay, and the present chairman of the chain, Nonce Paolini recently confirmed their agreement in this line. . Paolini made Bouygues Group’s top authorities to remove of Mr. Lay from the board of directors of the TF1 who was in the favor of competing with SPS, the leading group in Europe involved in sports betting, and also held the venture capital, Serendipity, partially.,. But Paolini restricted this move as, according to him, it could have created risks for the group. As a result Lay moved out of the board of, but was accepted with open arms by SPS offering Serendipity’s shares.
