Nambling Notes - Dec. 17, 2002

17 December 2002

Bit from Canada -- Poker.com, which has been changes in both management and domain names lately, will not be going private. The publicly traded company had recently said it would pursue privatization. Friday, the Vancouver-based gaming software provider announced that its interim president and CEO, Michael Jackson, would be replaced permanently by Mark Glusing. The company said it will remain public because of the status of I-gaming legislation in the United States. Incidentally, when announcing its motion toward privacy, the company also cited the U.S. legislative efforts against online gambling.

News from Down Under -- Australian inventor Alan McCabe has developed a computer program that he says can predict the outcome of sporting events. McCabe said the Artificially Intelligent Tipster has 66 percent accuracy when predicting the outcome of Australian rugby games. The program is not the first of its kind, however; apparently several computers were put to work during the World Cup to predict the outcome of games.

New Stuff -- Peak Entertainment NV said today that it will offer customers at its five online casinos increased deposit limits. In addition, customers will be able to use NETeller, FirePay, Citadel, Western Union and PrePaidATM to pay for their online gaming on Peak's sites. The casinos already offer Visa, MasterCard, electronic check processing, bank wires and 900Pay telephone billing services.

What Others are Saying -- The Akron Beacon Journal is reporting today that an official at an Ohio horseracing track feels that racing is in "managed decline" because racing in other states and Internet gambling are taking away its business. Tom Aldrich, chief operating officer of the Northfield Park harness track, said the industry may have more economic trouble in the future if it continues to face competition from those two sources.