Tough FY '06 for 32Red -- Online operator 32Red released its full year results this morning, which revealed a pretax loss of £3.7 million ($7.1 million) as an "abnormally" high number of winning favorites in U.K. horseracing markets coupled with unfavorable football results adversely impacted gross win margins in its Betdirect business. The company said that, in light of its performance, no dividend will be issued.
Changing Up -- eCOGRA has announced plans to change its "Play it Safe" seal issuance procedures, and will now offer operators that use software provided by non-eCOGRA members its certification services. "We've experienced an enormous amount of interest from operators who aren't using our existing members' software, which was previously a prerequisite to obtaining a seal," said eCOGRA CEO Andrew Beveridge.
Certified -- Fortune Lounge has received certification from I-gaming watchdog Online Gambling Insider.
Joint Venturing -- United Kingdom Casino has entered a joint venture agreement with online casino group Vegas Partner Lounge and Microgaming.
In the City of Lights -- The Times reports that former 888 CEO John Anderson will today attend an interview with French gambling authorities in Paris to discuss "issues including the company's now terminated sponsorship contract with Toulouse football club."
'Biggest Faller' -- The Telegraph reported on Monday that PartyGaming was the "biggest faller" on the FTSE 250, after a research note from Arbuthnot "poured cold water on hopes that the U.S. anti-Internet gambling law could be overturned." Arbuthnot also said that M&A activity was unlikely to "sufficiently materialize, given the ongoing complexities in the space," and recommended that investors take profits from recent share prices gains.
For Sale -- The Independent is reporting 365 Media executive chairman Peter Dubens is looking to sell his Pipex broadband services group.
Stock Watch -- Shares in bwin jumped this morning after European bank Sal. Oppenheim reiterated its buy recommendation, though, on today's close, dropped 2.6 percent to 31.00 euros.