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iGaming News Page 651

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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".»
Vic Chandler to Target South Africa
12 May 2008
British gaming firm Victor Chandler announced plans to expand the business into South Africa, calling the country's potential "huge". Chairman Victor Chandler said the firm saw itself as a form of entertainment and would target "mainly the middle class", refuting suggestions that the country doesn't need a widespread gambling industry.»
Nambling Notes - May 12, 2008
12 May 2008
CryptoLogic Ltd. shares shed 11 percent on the release of the company's first-quarter results, 888 Holdings partners with Gaming Technology Solutions and more.»
Lenders Set to Takeover Vegas Casino Project
9 May 2008
Deutsche Bank appears likely to take over the Cosmopolitan Resort Casino on the Las Vegas Strip.»
New CEO Is Fourth for Boss since May 2007
9 May 2008
Michael Hallén, the chief executive of Boss Media, is stepping down after less than a year with the company, and just three months after its acquisition by a Lottomatica subsidiary-led investment vehicle.»
DFL Ends Relationship with Bwin
9 May 2008
German soccer league DFL is ending a relationship with Bwin in order to market the broadcasting rights for Bundesliga games through its own agency.»
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