Alderney New Home for Eurosport TV

Published Tuesday, March 10, 2009 -

The Alderney Gambling Control Commission (AGCC) has granted Eurosport, a satellite channel, an online wagering permit.

Established in May 2000 the Alderney Gambling Control Commission is made up of the Chairman and three members. It is independent of political influence, and for the States of Alderney, controls all online gambling activities. The Commission ensures it's standards meets the international standards.

The British Channel Islands are self governing dependencies of the Crown, and are not part of the United Kingdom, or part of the European Union. The Channel Islands are recognized as one of the world's leading offshore finance centres. Alderney, the third largest of the Channel Islands and one of the constitutive islands of the Bailiwick of Guernsey, it is approximately 8 miles from France and 60 miles from mainland Britain. It has its own government, legislature and company laws and operates with the same modern banking, insurance and investment laws as Guernsey.

Serendipity Investment SAS is a principal investment firm specializing in late stage, mature, and middle market investments in the media sector.

The European Commission granted clearance under the EU Merger Regulation to the proposed joint venture between Serendipity Investment SAS of France and Eurosport SA also of France. Eurosport broadcasts several TV sports channels, co-manages websites dedicated to sports news and holds shares in companies specializing in the production and management of sports competitions. The website's launch is scheduled for later this year.

Alderney's head of e-commerce development Robin Le Prevost, stated, "We believe that Alderney is the home of e-gambling and we are absolutely thrilled to welcome Eurosport to our growing list of licensees. Its name adds to an already stellar line-up of some of the most prestigious names in the industry. 'SPS, having chosen to base its new online business in Alderney, speaks volumes about our regime, capabilities and serious business approach. We are pleased to have been chosen."

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