PSI Spelinvest to Acquire Lyckobingo.com -- Swedish I-gaming investment group PSI Spelinvest AB (Spelinvest) has signed a letter of intent to acquire Lyckobingo.com, which operates on the St. Minver network. According to prepared statement released via the Nordic Business Report wire, Spelinvest proposed an all-shares deal that sees Lyckobingo.com owner Firm Factory Network receive a 30 percent stake in the group. "As part of Spelinvest, Lyckobingo.com has the opportunity to build essentially greater values than we would have been able to do by ourselves," said Lyckobingo.com founder Danial Kaplan. The announcement is the second from Spelinvest in as many months, as it reshuffled management in August after a disappointing June flotation.
Tough Year for Alphameric -- Wagering technology firm Alphameric said today that it expects to report significant losses in its full-year results, adding that a number of bookmakers--Ladbrokes and William Hill among them--had initiated legal proceedings against the company. "The decline in the company's share price over the past few months, media commentary concerning the activities of Amalgamated Racing Ltd. and the toughening trading conditions in the markets served by the group have combined to impact negatively the group's current trading," it said. The announcement is not the first of its kind this year as in June, Alphameric said that portions of its I-gaming business were not meeting trading and order-intake expectations set at the beginning of the year.
Buy Fluxx -- Following Thursday's announcement from Fluxx AG regarding the issuance of a convertible bond, analysts at First Berlin maintain their buy rating on the operator as it looks to diversify ahead of the German Interstate Lotteries Treaty's adoption in January.
PPA to Hold Conference in US Capital -- The U.S. Poker Players Alliance (PPA) will hold a three-day policy conference in Washington, D.C., in late October. According to an e-mailed announcement issued to PPA members, participants will have the opportunity to meet with Members of Congress as well as poker professionals to discuss the game's current and future status in the United States.
Pet Social Problems -- Mick Hume, a columnist for the London Times, suggests that the release of the U.K. prevalence study has brought the problem of advocacy research back to the fore. Advocacy researchers typically aim to discover that their "pet social problem," problem gambling in this instance, "is even worse than imagined, and that we are all at risk," he says. That problem gambling prevalence remained at 1999 levels denied researchers the "right result," and therefore denied them the opportunity to disproportionately spin problem gambling as on the up, the first step down a "slippery slope to ruin"--at least for now.
Stock Watch -- On the LSE, 888 was up 2.50p to 118.50, PartyGaming was up 2p to 26 and Alphameric was down 17.50p (58.33 percent) to 12.50.