Casino Watch – April 2004

31 March 2004
Fancy a Flutter sold to YooMedia

Digital pay-TV solutions company NDS and leisure and entertainment group Rank sold interactive gaming channel Fancy A Flutter to YooMedia, an interactive TV and mobile entertainment company.

NDS's subsidiary Orbis will continue to provide the channel's backend operation and current managing director Martin Graham-Scott will retain his position, the company announced on Wednesday.

Run by David Docherty, a former executive of BBC and Telewest, Yoomedia also announced that it was seeking additional funds in order to "ensure the group can continue as a going concern for the foreseeable future." The company's value plummeted 24 percent on the news, even though its financial results were in line with market expectations.

Chartwell announces new board member

Chartwell Technology Inc., a supplier of gaming software systems and entertainment content to the online and mobile gaming industry, announced the appointment of Peter H. Kinash as an independent member to the Company's Board of Directors.

The company also announced last week that Steven W. Latham who served on the Board since 1998, was resigning from board. Latham will remain a full-time employee of Chartwell.

Kinash is a Chartered Accountant and joins the board with more than fifteen years of financial and related experience in the technology sector. Since 2002, Kinash has been providing financial leadership and advice to emerging and established technology companies.

Kinash was CFO with Wi-LAN Inc. and Partner with KPMG LLP where he led their Calgary technology practice from 1990 to 1999.

Canbet buys Queen's Club Casino from Boss

British betting company, Canbet Sports Bookmakers UK Ltd. agreed to purchase Queen's Club Casino from Boss Media earlier this month.

Canbet Sports Bookmakers holds a bookmaking license in Great Britain and is a wholly owned subsidiary of Canbet Limited, a publicly traded company listed on the Australian Stock Exchange.

The casino will be delivered both as a downloadable software application and as a browser-based application. The deal also includes Poker and Bingo software. The Poker application will connect Canbet's customers to the Boss Poker Network, while the Bingo application will link Canbet's customers to the Boss Bingo Network.

More clauses of draft Gambling Bill released

The UK government published more clauses of the draft Gambling Bill.

The new clauses deal with chain gifting schemes and the use of credit cards. The DCMS is looking to introduce a ban on chain gifting schemes and see people who organize, promote or recruit into the schemes risk a 12-month jail sentence and face fines of £5,000.

The rules around the provision of credit inducements by gambling operators broadly maintains the status quo in this area, meaning the ban on casinos and fruit machines accepting cards will remain in place.

PrimaPoker tour rolls on

Two months into their record sponsored world tour 2004, The Hendon Mob has already competed in four of their 14 festivals.

After spending the early part of March competing at the Vienna Spring Poker Festival, the Prima Poker Tour brought The Hendon Mob home to the city of London to compete at The British Open of Poker.

Members of the mob won the British Open Hi-Lo Omaha and were among the chip leaders in the British Open Stud final.

Zodiac Casino launches with Microgaming

Microgaming rolled out its latest software with the launch of Zodiac Casino.

The site is fueled by Microgaming's new VIPER software designed for globally integrated sites.

The new VIPER platform provides extra games and a constant roll out of new games throughout the year. Zodiac Casino now offers a total of 79 games with new options available to players of all genres.

Quova teams up with Harrah's

Quova, Inc., a leading provider and developer of Web geography services and technologies, announced last week that Harrah's Online Ltd., and Harrah's Interactive Ltd., subsidiaries of Harrah;s Entertainment Ltd., a United Kingdom company, deployed Quova's GeoPoint for customer location verification in its newly-launched LuckyMe online gaming site for use in Alderney and the United Kingdom.

LuckyMe, the UK's first subscription-based game service, offers interactive bingo and dice games and a Keno-style fixed-odds game called for one fixed price per month.