EXTENSION MENTION Entraction Holding A.B., the online poker network operator and software developer, has extended its contract to supply Redbet Holding A.B. with software a further two years.
Redbet, which operates online betting, casino and poker Web sites, has been a client of Entraction since 2005.
Financial details were not disclosed.
GAMES GOT WagerWorks, the software-development arm of International Game Technology, has done a deal with the online betting exchange Betfair to provide games content.
'We are confident that our games will further enhance Betfair's customers' experience, helping to increase customer recruitment and retention, betting turnover and profitability,' Tom Kenny, the commercial director of WagerWorks, said in a prepared statement.
Neither financial details nor the contract's length were disclosed.
MACAU MINUTES According to published reports, Macau is likely to experience single-digit year-on-year revenue growth this month after reporting a 44 percent and 42 percent revenue rise in July and August, respectively.
Revenue for the first half of September came in at 3.6 billion Macau patacas (about $1 to 7.9 patacas), prompting concerns in the Chinese media that the sector is shrinking and job security is at risk.
'Gaming revenue growth slowed down . . . but there are no signs that the sector is shrinking, and the layoffs are not common for the current stage,' Tam Pak Yuen, the special administrative region's economic secretary, was quoted by Xinhua News Agency as saying Tuesday.
Xinhua, the official press agency of the People's Republic of China, said over 70 percent of Macau's revenue derives from gaming duties, making it vulnerable, therefore, should the worsening global economic climate continue to play havoc with its six licensed casino operators.
In related news, Galaxy Entertainment Group has been downgraded by Moody's Investors Service from 'stable' to 'negative,' while Standard & Poor's dropped the credit rating of Las Vegas Sands Corporation one notch to four levels below investment grade.
GIGASOLD GigaMedia Ltd., the Taiwan software developer, has completed the $20 million sale of its legacy cable and Internet service provider business to China Network Systems Company, a cable television service provider also of Taiwan.
The company said the sale is expected to be neutral with regard to earnings per share during the 2009 fiscal year, though during the third quarter of this year it will make a one-time gain of $8 million.
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