Daily Nambling Notes - Aug. 12, 2002

12 August 2002

Makin' Deals -- Ladbrokes has signed an agreement with earthport, a payment infrastructure company, to provide an e-wallet service to its players. A spokesman for Ladbrokes eGaming said the service will enable people to gamble online even when they are from countries where there is a reluctance to use credit cards for Internet purchases.

A Tidbit from Down Under -- Spread betting firm IG Index, just weeks after opening its doors in Australia, is facing accusations of illegally advertising that could go all the way to the High Court. The dispute has arisen because the firm, which is licensed under the Australian Securities and Investments Commission financial services regime, is facing claims from New South Wales that it has ignored NSW gaming laws by advertising services in NSW while not a licensed bookmaker and advertising services that are illegal in NSW.

A Tidbit from Asia -- Overseas investors have poured nearly 1 billion patacas (US$125 million) into Macau in the first half of 2002. The Macau Trade and Investment Promotion Institute said this figure represents an increase of more than 20 percent from the previous year.

Names and Faces -- MGM Mirage signed new employment agreements that expire July 3, 2006, with several members of its management staff. Among those who signed new agreements were J. Terrence Lanni, chief executive, who will earn $2 million yearly as base compensation; James J. Murren, CFO and treasurer, who will receive $1.2 million; and Gary N. Jacobs, general counsel and secretary, who will receive $700,00. ... ukbetting plc has appointed David Annat as content director of ukbetting plc. Annat joined ukbetting in October 2001 when it bought Sporting Life Ltd., where he was managing director. Annat will also join the company's board.