Daily Nambling Notes - July 22, 2002

22 July 2002

New Stuff -- Amid rumors of a Major League Baseball strike, BetWWTS.com, an offshore gaming company, has created odds on whether there will be a work stoppage before the end of the 2002 baseball season. BetWWTS.com listed the likelihood of the players union deciding to strike before the end of the season at 5/7 odds (i.e., win $5 for every $7 bet), while the chance of the MLB season being completed are listed at even (1/1). Also due to the talk of two MLB teams' financial woes, BetWWTS.com listed the odds that all 30 teams will survive for another season of baseball is currently listed at 10/11 odds.

Makin' Deals -- Virtual Gaming Enterprises Inc. has entered into an Internet development agreement with InforFlash.com. Under the agreement. Virtual Gaming will redesign the existing Virtual Gaming sites and launch five new gaming sites. This deal gives Virtual Gaming a total of 22 Web sites.

Legal Stuff -- Cybersquatting continues to be a problem three years after Congress enacted the Anticybersquatting Consumer Protection Act. According to a recent article in the Las Vegas Review-Journal, there have been more than 30 cybersquatting actions filed in the last three years. The main problem is that the majority of cybersquatters who use an established casino's brand name are likely to be located offshore, outside the jurisdiction of U.S. law. Although some offshore Internet gambling operators are licensed, LVRJ reported, the regulatory standards are usually minimal.