myCitadel -- Bodog.com has made payment processing services from myCitadel available to its customers. myCitadel enables users to store real cash online, easily transfer funds into a myCitadel wallet directly from a bank, transfer funds to a bank account and purchase from participating Internet merchants--all without charging any fees or sharing any personal banking information.
Welcome Aboard -- Isle of Man-based I-gaming operator betinternet.com has appointed two new members-- Simon Nicholls and Tony Elder--to its senior management team. Nicholls, formerly managing director of gg.com for five years, becomes chief operating officer of European Wagering Services, the pool betting subsidiary of betinternet.com. Elder, who becomes betinternet's financial controller, formerly worked for KPMG and management consulting firm Whitechapel Corporate Services.
AIM Listing? -- Rumors are circulating that Curacao-based online gambling company VIP Management Services may be considering a float on the Alternative Investment Market of the London Stock Exchange. eGaming Review speculates that the company might try a reverse takeover of Leisure & Gaming, a shell company that listed on the AIM in September 2004 with an aim to acquire an online gambling company.
OPAP Stake -- The Greek government announced today that it plans to sell as much as a 17 percent stake in state lottery monopoly OPAP. Considering the company's current share price, a 17 percent stake could sell for as much as $1.5 billion. The government currently owns 51 percent of OPAP but needs money to reduce its budget deficit. Even after the sale of a 17 percent stake, the government would still retain a large 34 percent shareholding of OPAP and would continue to appoint the majority of its board members.