Daily Nambling Notes - June 14, 2001

14 June 2002

New Stuff -- SSP Solutions and its partner, Freestar Technologies, will demonstrate their online ATM solution, PlaySafeNow, to journalists and prospective customers on June 26 at Freestar's New York office. PlaySafeNow is a debit payment processing method that allows people to transfer funds from a debit account to an electronic wallet. Telia AB, the Swedish telecommunications company, and television company TV4 AB last week announced that Telia's Internet gambling service will be available on TV4's Web site. Telia's service is called Games onDemand. Jackpot.com is teaming with Jackpot Radio, a radio show broadcast Fridays at 11 p.m. in Los Angeles and also at jackpotradio.com, to offer a $2,500 Wheel of Jackpots game. A finalist for the game was chosen last week via a call-in competition. Jackpot Radio is owned and operated by Spinspark Entertainment. Creator Capital is inviting shareholders to preview a demonstration of its China Lotto betting site at www.china-lotteries-demo.com. According to Creator Capital, the site is the only portal that allows international bettors to play the China Soccer Betting Lottery. The final site is expected to go live in September.

Legal Stuff -- The attorney general of New York, Eliot Spitzer, announced the conclusion of an investigation into Internet gambling today. Spitzer has arranged an agreement with Citibank, in which the bank has publicly stated it will not permit any more Internet gambling transactions. In addition, Citibank will donate $400,000 to problem gambling groups. Bank of America, MBNA and Chase Manhattan Bank have also begun blocking Internet gambling payments, Spitzer said. "Americans now waste $4 billion a year on this pernicious form of gambling," he said. "With this agreement, we will cut off an enormous line of credit that was a jackpot for illegal offshore casinos." According to sources within the credit card industry, all of these banks have been denying Internet gambling transactions for the last two years.

World Cupdate -- Police in Malaysia have arrested 10 more people on allegations of World Cup betting, the Associated Press reports. The group of people was found by police in an Internet café near Kuala Lumpur, along with bookmaking materials including World Cup schedules and a fax machine. Police believe the group transacted about $78,950 worth of bets.

Names and Faces Changing Places -- Playboy.com has named Robin Cairnes as its senior vice president and managing director of Internet gambling. Cairnes was most recently employed at Littlewoods Leisure.

Say What? -- "Concerned? I guess it's an area where we will watch like Internet gaming. We expect them to do their due diligence to live up to Nevada standards."

Dennis Neilander, Nevada Gaming Control Board chairman, on the board's concern that Las Vegas Strip businessmen Steve Wynn and Sheldon Adelson are setting up shop in Macau, as quoted in the Las Vegas Review-Journal, June 14.

Anne Lindner can be reached at anne@rivercitygroup.com.