32Red Plc
Description: Casino, poker and sports book operator.
Share Value (AIM)
July 14: 133.5
Aug. 31: 103
Current: 86
Change (7/14 to present): -36%
US Betting Policy
32Red Plc announced on Oct. 13 that it has stopped accepting bets from U.S. players. It clarified, however, that revenues and profits coming from U.S. players has been "immaterial" so far in 2006. A vast majority of its casino and poker business is drawn from players outside the United States. The company's sports betting operation, Betdirect, has never accepted bets from U.S. players. The company has primarily focused on the U.K. market.
888 Holdings (AIM)
Description: Casino and poker room operator.
Share Value
July 14: 200
Aug. 31: 153
Current: 99
Change (7/14 to present): -51%
US Betting Policy
The board of 888 announced on Oct. 2 that it would suspend participation by U.S. based customers in activities covered by the legislation. The policy was implemented upon the signing of the bill on Oct. 13. The board will continue to seek clarification of the overall U.S. legal position to determine whether and to what extent if any resumption of participation by U.S. customers is feasible. The company will continue and develop those aspects of its US business which are not affected by relevant legislation. In the six months to June 30, 2006, revenues from non-U.S. players amounted to approximately 48 percent of the group's net gaming revenue. In the second quarter of 2006, 68 percent of firs-time depositors were non-U.S. players.
Atlantis Internet Group
Description: Technology provider to Motown Legends Casino.
Share Value (PK)
July 14: N/A
Aug. 31: N/A
Current: 0.03
US Betting Policy
As of noon today, the Web site MotownLegendsCasino.com was not available.
Betcorp Ltd.
Description: Internet sports book.
Share Value (ASX)
July 14: 3.70
Aug. 31: 2.10
Current: 0.40
Change (7/14 to present): -89%
US Betting Policy
Betcorp announced today that it has suspended its U.S. operations and is in sale talks with a number of parties.
Betinternet.com PLC
Description: Internet sports and race book.
Share Value (AIM)
July 14: 8.03
Aug. 31: 6.86
Current: 6
Change (7/14 to present): -25%
US Betting Policy
Following the passage of the U.S. prohibition law, Betinternet.com issued a statement clarifying that less than 2 percent of its customers were based in the United States. The company announced on Oct. 1 that it was suspending its active U.S. accounts and would not be taking on any new U.S. accounts. The company focuses mostly on markets in the Far East, where 60 percent of its active clients are located. It might consider allowing U.S. customers bet on horse races if doing so is interpreted to be legal under the new law.
BetonSports
Description: Internet sports and race book.
Share Value (AIM)
July 14: 122.12
US Betting Policy
The company ceased taking U.S. play in July following the arrest of its then CEO, David Carruthers. The majority of its revenues were drawn from U.S. bets.
Bingo.com Ltd.
Description: Operator of Internet bingo games.
Share Value (OTC)
July 14: 0.80
Aug. 31: 0.90
Current: 0.45
Change (7/14 to present): -44%
US Betting Policy
Bingo.com announced on Oct. 11 that in response to the passage of the new US law, it has sold its U.S. online gambling business in its entirety. Included in the transfer was the company's complete database of real-money players, all historical data relating to the wagering of the real-money players and the gaming servers required to operate the business. The terms of the deal were not disclosed, but Bingo.com will receive payment of US$1.2 million at a variable rate over the coming months.
Boss Media AB
Description: Online gaming software provider.
Share Value (Stockholm)
July 14: 14.00
Aug. 31: 16.90
Current: 13.10
Change (7/14 to present): -6%
US Betting Policy
After announcing its intentions on Oct. 3, Boss Media AB began, upon the signing of the Internet gambling prohibition law, taking action to block "American players resident in the United States" from accessing any such services and software provided by the company. In its interim report for the period January to June 2006, the company stated that the operating margin, adjusted for non-recurring items, was expected to be no less than 15 percent for 2006. After the signing of the law, the operating margin, adjusted for non-recurring items, was expected to be 10 to 15 percent for 2006.
bwin International Ltd.
Description: Online casino, sports book and poker operator.
Share Value (Vienna)
July 14: 58.40
Aug. 31: 29.20
Current: 17.60
Change (7/14 to present): -70%
US Betting Policy
bwin announced Oct. 13 that it has halted its U.S.-facing operations. In doing so it stated that it is "working on technical arrangements that will prevent existing customers from accessing its real money games." In the second quarter in 2006, just over 20 percent of bwin's total gross gaming revenues were generated by U.S.-based customers.
Chartwell Technology Inc.
Description: Internet gambling software provider.
Share Value (Toronto)
July 14: 2.35
Aug. 31: 2.57
Current: 2.08
Change (7/14 to present): -11%
US Betting Policy
In a statement issued to the media on Oct. 3, Chartwell CEO Darold Parken said, "Chartwell's business and client base has always been focused on the European market. As such, we have positioned Chartwell to benefit from a move towards regulation in the European Union or, as in the current environment, to mitigate any significant losses in revenue as a result of U.S. prohibition. The US position on the industry has been uncertain for quite some time now and we recognized early on that the immediate growth of the industry would be in the European Union and accordingly, that was and remains our focus." The company did not, however, explicitly say that it is definitively cutting off U.S. play.
CryptoLogic Inc.
Description: Internet gambling software provider.
Share Value (Toronto)
July 14: 25.21
Aug. 31: 28.79
Current: 19.84
Change (7/14 to present): -21%
As of Oct. 2, licensees of WagerLogic Limited, the CryptoLogic's licensing subsidiary, no longer take wagers from U.S.-based players. The company, which had spent the last five years shifting its revenue base to European markets, reported that 70 percent of its revenues were being drawn from non-U.S. markets.
Diamond I, Inc.
Description: Developer of wireless gaming products.
Share Value (OTC)
July 14: 0.03
Aug. 31: 0.02
Current: 0.01
Change (7/14 to present): -67%
US Betting Policy
Diamond I's business plan entails the implementation of technologies in Nevada-licensed gaming properties. It is proceeding with permission of Nevada gaming regulators and is, therefore, not affected by the passage of the I-gaming ban.
Dynasty Gaming Inc.
Description: Developer of Internet mahjong technology.
Share Value (CDNX)
July 14: 0.79
Aug. 31: 0.65
Current: 0.38
Change (7/14 to present): -52%
US Betting Policy
Dynasty gaming maintains that the U.S. ban will have a "minimal" impact if any on the company. In a release issued on Oct. 2, Chief Executive Albert Barbusci stated, "Dynasty, which is a software provider and not an operator of gaming sites, has never targeted the U.S. gaming market. Our focus is on the launch of a play-for-points Mahjong game in China using prepaid cards, where we will operate under a legal and fully-licensed framework as established by the Chinese government. The vast majority of our aggregate version software licensing customers, such as Ladbrokes, Betex and Premier Bet, do not accept wagers from U.S.-based Internet gaming customers." The company did not explicitly state whether it is forbidding licensees from taking U.S. play.
Empire Online Ltd.
Description: Poker affiliate operator.
Share Value (AIM)
July 14: 75.00
Aug. 31: 71.25
Current: 48.00
Change (7/14 to present): -36%
US Betting Policy
Empire Online Shut down its U.S.-facing operations on Oct. 13 with the signing of the I-gaming law. The company stated that 65 percent of its business came from U.S. players.
Fairground Gaming Holdings
Description: Investor in I-gaming operations.
Share Value (AIM)
July 14: 86.00
Aug. 31: 57.50
Current: 13.75
Change (7/14 to present): -84%
US Betting Policy
After announcing its intentions on Oct. 11, Fairground Gaming, upon the signing of the I-gaming law, suspended its U.S.-facing online casino and poker operations. The company stated that 70 percent of its turnover came from U.S. play. The company also said that it is reviewing a strategy of consolidation.
FireOne Group
Description: Payment processor.
Share Value (AIM)
July 14: 221.40
Aug. 31: 225.00
Current: 56.20
Change (7/14 to present): -75%
US Betting Policy
Fireone ceased processing transactions for U.S. online gamblers on Oct. 13, upon the signing of the prohibition law. The company stated, "The act will have a significant negative impact on the business . . . and consequently the company has embarked upon a restructuring of its operations and cost base."
Fun Technologies Inc.
Description: Provider of skill games.
Share Value (AIM)
July 14: 282.50
Aug. 31: 265.00
Current: 225.00
Change (7/14 to present): -70%
US Betting Policy
Fun Technologies offers games of skill that to not possess the element of chance. The company, therefore, asserts that the U.S. I-gaming ban does not pertain to its games and that it will not hurt its business. On the contrary, some analysts believe U.S. developments will have a positive effect on the company's revenues due to skill games filling the gambling void. This sentiment has not been reflected in the trading of the stock, which has depreciated in value since the signing of the law.