Reporting -- FUN Technologies has released its Q4 and full year results, which show full year combined revenue totaled $47 million, an 84 percent increase against last year's figure. Q4 revenue, meanwhile, totaled an estimated $16 million. The company said that, from Dec. 31, 2006, it had entered into a $15 million secured term facility with majority shareholder Liberty subsidiary Liberty Media. FUN management believes the deal will keep the company fully funded through the remainder of the year. "Beyond the Liberty transaction, FUN made multiple acquisitions, which we believe will strongly position us for future growth," said FUN CEO Lome Abony. "FUN also focused on consolidation, which resulted in continued momentum throughout the year and a strong fourth quarter."
Foot in Mouth -- Alexander First Nation (AFN) has expressed ire over reportedly antagonistic remarks made by Alberta Solicitor General Fred Lindsay. In an article published in the Edmonton Sun, Lindsay allegedly made insensitive remarks linking the Canadian government's current dispute with the AFN to the Oka Crisis, a land dispute between the Mohawk nation and the Canadian government in 1990. "If Mr. Lindsay fails to withdraw and apologize for his comments, we will ask the appropriate authorities to investigate and consider what steps should be taken," said AFN Chief Ray Arcand. AFN said further that Lindsay's comment "fails to recognize the important historical meaning of the Oka Crisis and is irresponsibly antagonistic and racist."
Branding -- The Times says that Ladbrokes will use the brand name Sportium for its Spanish joint venture with Cirsa Slot.
Market Speculation -- The Times also reports that shares in Sportingbet dropped 4 pence on Monday after Neteller withdrew its online-gambling related payment processing services from Canada and Turkey. The paper quotes Paul Leyland, an analyst at Arbuthnot, as saying Neteller's move could reduce the likelihood that bwin will be able to conclude talks with its London-listed takeover target. It also reports that Leyland reiterated a sell recommendation on PartyGaming on speculation that Neteller's Canadian exit could damage Party's share value.
Stock Watch -- On the LSE, PartyGaming is off 0.50p to 50.00, CryptoLogic is up 12.50p to 1,303 and 888 is up 1.75p to 124.00.