Nambling Notes - 26 July 2007

26 July 2007

British Invasion -- German operator Fluxx AG has announced an agreement with AOL, which sees the ubiquitous Web services provider market Fluxx's U.K.-facing Internet sports book. In August, AOL UK customers may begin placing bets on international horse races and other sporting events on the betting platform developed by Fluxx-subsidiary Jaxx. "The British market is one of the largest and most attractive in the world, with a betting volume of around 70 billion euros," said Fluxx board spokesman Rainer Jacken. "Yet the online market is still notably underdeveloped. Together with AOL, we have now created a highly competitive service that will help us tap into this growth."

Just Another Roll-Out -- Inspired Gaming has announced that Gala Coral Group (GCG) has agreed to roll out a further 1,200 of Inspired's Open Server-Based Gaming terminals by the end of the month. "Since GCG and Inspired first implemented GGP in January 2006, its success is proven, giving us a return on investment in less than 12 months," said GCG e-gaming director Peter Hannibal. "Technology is the future of our business and 80 to 90 percent of every pund we take in the future will come from electronic gaming."

Coming Soon -- CryptoLogic said this morning that it will release its second-quarter results on Aug. 10.

Best in Class -- The Financial Times reports that following Wednesday's news of Playtech's strong first half, Richard Carter, analyst at Numis, called Playtech a "best in class operator."

WorldSpreads to Float on AIM -- City AM reports that Irish spread-betting group WorldSpreads will float on the Alternative Investment Market next week. The paper said the company, founded in 2000, hopes to raise upwards of 8 million euros, which would give it a market capitalization of 37 million euros.

Stock Watch -- On the LSE, Neteller, after its well-publicized return to the index, was up 10.75p to 73.75, PartyGaming was down 0.25p to 29 and Rank was down 7p to 171.50.