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iGaming News Page 600

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NetEnt Weathering Downturn, and Well
3 November 2008
In an upbeat set of third-quarter results, Net Entertainment A.B. said today that it has rebounded well from the seasonal slowdown and, bolstered by a strong stream of licensing agreements, is not seeing stunted growth reported by other of the listed sector's key players.»
Despite Economic Upheaval, Inspired Says Sale Still Possible
3 November 2008
Inspired Gaming Group on Friday said trading for the year just ended was in line with expectations and that, despite wider economic instability, a sale for all or part of the company is still a possibility.»
Oct. 31 | Financial Week in Review
3 November 2008
It's been a torrid month for I-gaming stocks. In a survey of 20 companies by IGamingNews, value fell 12.55 percent between Oct. 6 and Oct. 31. Sentiment across the sector, moreover, has changed markedly from six months ago, when the effects of the current downturn had yet to manifest.»
International All Sports Goes Off the Market
3 November 2008
Today International All Sports Ltd. announced that it would be withdrawing its Australian operations from sale.»
Singapore Casino Opening Could Be Delayed
3 November 2008
Construction issues and labor shortages are said to be reasons why a full opening of Marina Bay Sands in Singapore could be delayed, according to Reuters.»
Victorians Lose Billions on Gambling
3 November 2008
The Age reported on Thursday that Victorians lost 4.8 billion Australian dollars on gambling last year, which is a record for the Australian state. Last year losses were 85 million Australian dollars less.»
Svenska Spel Earns WLA Award for Responsible Gaming Excellence
3 November 2008
The World Lottery Association, or WLA, named Svenska Spel the world's most responsible gaming company.»
Codere Says Owners Have Missed Debt Repayment Deadline
3 November 2008
Codere S.A. announced on Friday that its owners have not met a deadline to repay the company's former owners.»
Tipp24 Third-Quarter Revenue Up 8%
3 November 2008
Tipp24 A.G., a German online lottery operator, posted revenues of 11.4 million euros, an 8 percent increase in revenue compared to 2007 third-quarter results, while net profit dropped by 1.26 million euros.»
Net Entertainment Profit Soars 104%
3 November 2008
Net Entertainment A.B. reported a third-quarter net profit of 52.6 Swedish krona -- up 104 percent from last year.»
Norsk Tipping Appoints C.E.O.
31 October 2008
Last Friday the board of directors of Norsk Tipping A.S. appointed Torbjørn Almlid, 58, as the Norwegian national lottery operator’s new chief executive.»
Ukash Partners with Telecommunications Firm
31 October 2008
Ukash has partnered with Telefónica S.A., a Spanish telecommunications firm, to distribute digital cash at phone kiosks across Spain.»
Phantom Fiber, Mahjong Time Sign Multi-Year Contract
31 October 2008
Mahjong Time, an online gaming provider part-owned by CryptoLogic Ltd, announced it has signed a multi-year contract with Phantom Fiber Corporation, a developer of wireless platform software.»
Tote Tasmania Reaps Benefits of Betfair Agreement
31 October 2008
Tote Tasmania announced yesterday it has achieved a 30 percent increase in turnover from the previous year to earn a record-breaking 498 million Australian dollars this fiscal year.»
Aristocrat Shares Drop After Forecast Cut by 40 Percent
31 October 2008
The Australian reports that when Aristocrat Leisure Ltd., a slot machine manufacturer, cut annual profit forecasts by 40 percent on Tuesday, investors jumped ship causing the share price to sink from 5.50 Australian dollars to 3.96 Australian dollars, or 28 percent.»
IGT Earnings Halved in Fourth Quarter
31 October 2008
On Thursday, International Game Technology announced that it had earned $52.1 million in the fourth quarter, less than half of what it earned during that same period last year, which was $122.6 million.»
Wynn Resorts Third-Quarter Earnings Up
31 October 2008
Wynn Resorts Ltd. released its third-quarter results yesterday showing a net revenue boost of 14 percent, from $653.4 million to $769.2 million.»
Nambling Notes | 31 October 2008
31 October 2008
Norsk Tipping appoints a new leader, Tote Tasmania reaps the benefits of a Betfair agreement and more.»
U.K. Consumer Downturn Hits Neteller's Netbanx Europe
31 October 2008
Neteller, the soon-to-be-renamed Internet commerce group, has reported top-line growth and an uptick at the EBIT level during the third quarter, but revenue from its European payments gateway stalled, in part, on exposure to waning consumer confidence in the United Kingdom.»
Seasonality Rebounds, Forex Movements Concern Analysts
30 October 2008
As many companies prepare to release third-quarter results, some of I-gaming’s biggest names have been downgraded by brokerages in recent weeks.»
Probability Shares Up 23% on Profitable Half
30 October 2008
Probability, the mobile gambling specialist, has reported maiden net profits of £103,000 on revenue of £2.6 million for the half year ending Sept. 30.»
Justice Dept. Fires back in Imega Case
30 October 2008
After a United States trade association filed briefs last month challenging the constitutionality of the Unlawful Internet Gambling Enforcement Act, the Department of Justice yesterday returned fire.»
Crown Takes a $6 Billion Fall
30 October 2008
Crown Ltd., an Australia-based casino operator, has declined in value by $6 billion since last December, The Australian reports.»
U.K. Adult Gaming Centre Chain Gets New Look
30 October 2008
Praesepe, a London-based management firm, has unveiled the United Kingdom Adult Gaming Centre chain under its new brand, Cashino.»
Absolute Poker Launches Citadel's Instant Internet Banking
30 October 2008
On Tuesday, ESI Entertainment Systems Inc. announced that Citadel Commerce, a wholly owned subsidiary, will provide its Instant Internet Banking service to AbsolutePoker.com.»
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