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iGaming News Page 640

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PartyGaming Appoints New CEO
15 May 2008
PartyGaming has appointed Jim Ryan, former chief executive of Excapsa and St. Minver, to fill the chief executive position vacated by Mitch Garber. The company has also created a new managing director position that will be filled by John O'Malia, who was chief executive of Gamebookers before it was purchased by PartyGaming in August 2006.»
Funding For Problem Gambling to Double in Future
15 May 2008
Gambling Commission chairman Brian Pomeroy has highlighted the need for a national strategy to determine what research, preventative education and treatment programmes are needed to tackle problem gambling. Pomeroy also predicted that costs will almost double in the future as a greater number of problem gamblers, prompted by gambling awareness campaigns, present themselves for treatment. For the full report read this week's Coinslot:, available today (Thursday).»
Bwin Posts 11 Million Euros in Profit for Q1
15 May 2008

Bwin's first quarter profit reached 11 million euros, improving by 1.1 million euros compared to the same period a year ago. Sports betting turnover reached 698 million euros, which is an improvement of 12.3 percent compared to the previous quarter and 38.4 percent compared to the first quarter of 2007.»

American Gaming Assoc Publishes Annual Report
15 May 2008
American casinos generated 34.1 billion in revenue in 2007, an improvement of 5.3 percent compared to 2006, according to the American Gaming Association's annual survey of the industry, which it calls the "State of the States."»
PartyGaming Chief Steps down, Board Shuffled
15 May 2008
Mitchell A. Garber, the chief executive of PartyGaming, will step down Friday, three months after announcing a desire to return to North America for family reasons.»
Nambling Notes - May 15, 2008
15 May 2008
WorldSpreads Group completes its listing on the Irish Enterprise Exchange of the Irish Stock Exchange, Gary W. Loveman, chief executive of Harrah's Entertainment Inc., is next in line for Interactive Gaming News' Desktop Conference series and more.»
Probing the Problem
15 May 2008
A recent Harvard Medical School study into several thousand of Bwin's I-casino customers found that 5 percent exhibited potential problem gambling behavior. The study, product of a joint research project between the Vienna-based operator and the medical school’s division on addiction, follows an earlier study that found just 1 percent of Bwin's sports betting customers exhibited the same behavior.»
Billionairio joins Income Access Network
14 May 2008
Unique raffle-style gaming experience offers players the chance to win one billion euros each year as well as 1,200 intermediate cash prizes.»
Genting Q1 Profit Slips 91 Percent
14 May 2008
Genting International has reported a 91 percent decline in profit to $4.4 million from $49 million for the first quarter, compared to the same period last year. The company blames the slip on reduced action in its UK casinos and on higher bad debts.»
GigaMedia Reports $12 million Q1 Profit
14 May 2008
Online gaming operator and software developer GigaMedia has revealed a first-quarter net profit of $12.1 million, up 42 percent against $8.5 million the previous-year quarter, with earnings-per-share up 40 percent to 21 cents. Sales rose 51 percent to $54.6 million from $36.1 million, including a rise in gaming software and service revenues to $38.3 million from $26.3 million.»
Hearts and Minds
14 May 2008
Mobile gambling. You've no doubt heard -- ad nauseam -- that the sector has yet to fulfill its promise as interactive gambling's Next Big Delivery Channel. While observers have trumpeted technological trouble as the reason behind M-gambling's perceived struggle, Marcus Wareham, chief executive of Mfuse Ltd., believes the way ahead lies with savvy consumers versed in mobile's manifold uses.»
The Top 10s - Poker
14 May 2008
Hitwise's Top 10 "Gambling -- Poker" sites for the week ending May 10, 2008.
The No. 1 sites:
Australia: Pacific Poker
United Kingdom: Pacific Poker
United States: PokerStars.net
View the complete lists.»
CryptoLogic Chief Bullish on '08, '09 Revenue Growth
14 May 2008
The chief executive of CryptoLogic Ltd., Brian H. Hadfield, said the company intends to bring total revenue back to pre-U.S.-exit levels -- $104 million -- by the end of 2009 via aggressive acquisition of licensees and strong returns on its Asian investments.»
Nambling Notes - May 14, 2008
14 May 2008
The Victorian Bookmakers Association has renewed its agreement with Betfair a further three years, Beacon Events announces plans for the first installment of Asian Gambling Briefing and more.»
New Report Exposes Gambler Fraud in Australia
13 May 2008
A new report from forensic accountants Warfield and Associates estimates that Australian gamblers are responsible for $269 million in fraud-related theft over the last decade.»
Svenska Spel Files Trademark Suit Against Ladbrokes
13 May 2008
Svenska Spel, Sweden's state-owned gambling operator, has initiated court proceedings in Sweden against British company Ladbrokes for alleged trademark infringement.»
Neteller Says Second-Quarter Trading "Encouraging"
13 May 2008
Neteller, the online payments processing group, said Tuesday that second-quarter trading was off to an "encouraging" start with April fee revenue up 15 percent to $3.8 million over the previous month.»
Revenue Still Slumps in Nevada
13 May 2008
Nevada casinos suffered a 2 percent drop in revenue in March compared to the same period a year ago. Casinos on the Las Vegas Strip experienced a five percent decline in revenue over the period. It is the third month in a row for declining revenue figures.»
Macau Operators Interested in Pagcor City
13 May 2008
Casino operators in Macau are interested in building hotels and casinos in the Philippines on reclaimed land near Manila Bay that will be called PAGCOR Entertainment City, according to The Philippine Star.»
Monopoly Debate Heads for Swedish Market Court
13 May 2008
Svenska Spel, the Swedish gaming monopoly, has filed a lawsuit against Ladbrokes Scandinavia for trademark infringement -- and Ladbrokes is looking forward to its day in court.»
Nambling Notes - May 13, 2008
13 May 2008
888 Holdings inks its third games licensing deal of the month, GigaMedia Ltd. shares jump nearly 11 percent on positive first-quarter results and more.»
Mansion.com joins Ethoca
12 May 2008
Ethoca reports that Mansion.com has become part of Ethoca's global community of companies intent on reducing fraud and increasing revenues.»
Dutch Justice Ministry Astir Anew?
12 May 2008
The Dutch Ministry of Justice on Saturday confirmed Unibet and Oranje are among a group of at least 30 blacklisted online operators to whom the government intends to disrupt payments.»
The Top 10s
12 May 2008
Hitwise's Top 10 "Entertainment -- Gambling" sites for the week ending May 10, 2008.
The No. 1 sites:
Australia: TAB Racing
Hong Kong: Hong Kong Jockey Club - Bets
Singapore: Singapore Pools
United Kingdom: The National Lottery
United States: Blingo
View the complete lists.»
Pleasure Beach Goes Green
12 May 2008
Blackpool's Pleasure Beach amusement park has installed six, 66-inch diameter wind turbines, which are expected to generate around 10,000 kilowatts of power per year. Managing director Amanda Thompson said that the installation was "just one of a number of projects aimed at making the park greener".»
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