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Betting site exchanges cash for exclusive branding.

BetCris.com has confirmed that it has secured the Commerzbank in Germany to help finance the new Florida Marlins stadium. The Internet gambling hub has stipulated that the stadium be named BetCris stadium under the agreement.

Recent reports indicated that the city of Miami and Miami-Dade County had until June 9th to revise financing plans for a new ballpark and that the state legislature refused to provide even partial funding. BetCris.com and their investors are prepared to fund the stadium in return for exclusive naming rights.

'The fact that two-time world champions are without a suitable stadium is shameful,' said Gary Thompson, marketing director for BetCris.com. 'There is more synergy here than you think, the Maloof Brothers showed that gambling and sports can mix, we're here to help reinforce the point and be part of America's favorite past time.'

Las week, letters of intent were submitted to both MLB officials and Marlins owner Jeffrey Loria. This week, BetCris.com executives are seeking a time to meet with Loria and MLB officials to illustrate their liquidity and intention to move forward with all due speed.

Betting Exchange Obtains Licence to Operate In Malta.

Betfair, the world's leading betting exchange, has been awarded a licence to operate its exchange in Malta. The licence will allow Betfair to operate any person-to-person betting or gaming product from Malta.

"Malta's excellent technological infrastructure, its progressive and responsible gambling legislation and its EU membership were the three key reasons for us applying for a licence there," said Stephen Hill, Betfair's chief executive. "We hope to launch an innovative exchange-based product from Malta in the near future."

Mario Galea, CEO of the Maltese Gaming Authority, said: "Betfair's application for a licence comes just a year after Malta introduced its new Remote Gaming Regulations. The fact that a tier one operator has opted to get a Maltese licence goes to show that our regulations are highly regarded and that Malta is seen by operators as a serious jurisdiction for remote gaming."

Betfair now holds licences in the UK, Austria and Malta and is actively seeking licences in other jurisdictions, including Australia. The Maltese licence enables Betfair to offer new and interesting P2P games to its customers. Until the new UK gambling legislation comes into force, bookmakers are not permitted to offer P2P games in the UK.