Name Change -- Global Sports & Entertainment Inc. has changed its name to GWIN Inc. The company, America's only publicly traded sports handicapping company, will now be traded under the symbol "GWINI."
UK Bit -- Financial spread betting company City Index has garnered the interest from several High Street banks looking to make more money than brokering stock is currently allowing them to make. While traditional stock broking business has slumped under the economic downturn, financial spread betting firms like City Index, Financial Spreads, IG Index and Cantor Index have seen their business increase. Clive Cook, chief executive of City Index, said brokers are hurting for business. "You can hear a pin drop at many brokers. They are doing very little business," he said. "We have a range of products that are attractive to them and so we are talking to online and offline brokers and many very large organizations about joint ventures. We could provide the products and the expertise while they could brand them for their customer base."
Legal Stuff -- The New York State Racing and Wagering Board is investigating six Breeders Cup bets totaling $2.5 million that were made by the same person at an upstate off-track betting shop. One of the bets was allegedly made after four of the races were over. Stacy Clifford, spokeswoman for the racing board, said the tickets have been frozen while the situation is being reviewed.
Makin' Deals -- CYOP Systems International Inc. has reached an agreement with Rawhide Search Solutions Inc. through which CYOP has been given a license to use the Rawhide Toolbar on its CrediPlay skill-games network.