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iGaming News Page 659

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RGA Complaint Spurs EC Study of US Policy
11 March 2008
The European Commission has launched an investigation into U.S. online gambling policy following a complaint by the Remote Gaming Association (RGA). The investigation will take five to seven months will include dialogue with interested parties and relevant authorities.»
Neteller Optimistic on 'Milestone' Year
11 March 2008
Neteller this morning revealed a $185.7 million full-yearly pre-tax loss, but Chief Executive Ron Martin said the company was recovering well from a year that saw millions paid in settlement to the U.S. Justice Department.»
Neteller Growth 28 percent in Europe and 44 percent in Asia
11 March 2008
Neteller's chief executive called 2007 a milestone for the company despite a $185.7 million loss on the year. The company emphasizes the successful completion of its massive multi-million dollar settlements with U.S. Department of Justice and wants to direct media and investors' attention elsewhere.»
2007 Record Year for Great Canadian Gaming
11 March 2008
Great Canadian Gaming reports a 13 percent growth in EBITDA to $110 million and 3 percent growth in revenue to $397.2 million in 2007. Both figures are new all-time highs for the company.»
Gala Coral Interested in Tote
11 March 2008
Gala Coral says it would like to form a consortium with the British horse racing industry to take over the Tote. Chief executive Neil Goulden said he would write to the government to confirm his interest. Last year Gala Coral told the government it would bid £405 million for the Tote if it came up for auction.»
Nambling Notes - March 11, 2008
11 March 2008
GigaMedia beats Wall Street forecasts with a strong performance from its poker software arm, Cupid leaves two British texters sappily co-habitating in a case of mistaken love and more.»
Vegas Gaming Revenue Falls
10 March 2008
January gaming revenues at Las Vegas casinos fell 1.3 percent to $597.3 million compared to last year. It's the first time gaming revenue has slipped since 2001.»
Luxury Casino Anchors in India
10 March 2008
Next month a luxury gambling ship called Maharajah Casino will launch in the Indian state of Goa. The $25 million vessel is 70-meters long and operated by Creative Gaming Solution, a subsidiary of Mumbai-based Pan India Network Infravest Pvt Ltd (Pinipl).»
Majority Opposed to Thai Casinos
10 March 2008
More than half of the respondents to an Assumption University survey disapprove of Prime Minister Samak Sundaravej's plan to build casinos in Thailand»
Gala Steeply Devalued
10 March 2008
The Guardian reports that the value of Gala Coral has been cut in half.»
LadbrokesBingo.com Launches TV Ad Campaign
10 March 2008
Ladbrokes, the first company to broadcast television commercials under the relaxed gambling advertisement standards in the UK, has launched a new £2 million campaign for LadbrokesBingo.com.»
Ohio Lottery Presents Keno
10 March 2008
The Ohio Lottery will introduce keno taverns, restaurants and clubs throughout the state on July 1.»
Everest Sponsors World Series of Poker
10 March 2008
Everest Poker has signed a multi-year agreement with Harrah's Entertainment to become the exclusive sponsor of the World Series of Poker in Las Vegas.»
Court Dismisses iMEGA's Challenge to UIGEA
10 March 2008
A U.S. District Court has dismissed the Interactive Media Entertainment & Gaming Association (iMEGA)'s challenge to the Unlawful Internet Gambling Enforcement Act (UIGEA).»
NCAA.com to Stream March Madness for Free
10 March 2008
NCAA.com, the official website of the National Collegiate Athletic Association, will again broadcast free live video streams of every game of the 2008 Men's Division 1 March Madness basketball tournament.»
The Top 10s
10 March 2008
Hitwise's Top 10 "Entertainment -- Gambling" sites for the week ending March 8.
The No. 1 sites:
Australia: TAB Racing
Hong Kong: HKJC Football Betting Ltd.
Singapore: Singapore Pools
United Kingdom: The National Lottery
United States: Blingo
View the complete lists.»
Weekly Nambling Notes
10 March 2008
A review of news briefs from the week of March 3-7, 2008.»
Market Briefs - March 3-7, 2008
10 March 2008
IGN's weekly roundup of financial news in the I-gaming industry.»
EC Finds RGA's US Complaint Warrants Investigation
10 March 2008
The European Commission today announced a decision to launch an investigation into U.S. anti-online gambling measures, following a complaint filed in December 2007 by the Remote Gambling Association concerning the United States' selective enforcement practices.»
Nambling Notes - March 10, 2008
10 March 2008
Allegations of cheating trouble another Kahnawake licensee, I-gaming opponent and New York Gov. Eliot Spitzer finds himself on the wrong side of the law and more.»
Canadian MP Wants I-gaming Legislation
7 March 2008
A member of Canada's Parliament, Hon. Roy Cullen, has drafted legislation that he hopes would address a competition problem faced by one of his largest constituents in Etobicoke North.»
Gambling Commission Publishes Revised Technical Requirements
7 March 2008
The UK Gambling Commission has published a draft of its revised bingo and casino technical requirements. The requirements have been revised to address consultation issues that were not resolved prior to the publication of the requirements in June 2007.»
ASI Opening Office in Mumbai
7 March 2008
Amusement Services International, a Dubai-based supplier of amusement equipment is opening offices, a warehouse and a showroom in Mumbai, India.»
UK Government Will Auction Tote
7 March 2008
After rejecting a purchase offer for the Tote from a consortium of racing interests as too low, the British government now plans to auction the state-owned bookmaker.»
Canadian MP Considers I-gaming Legislation
7 March 2008
A member of Canada's Parliament, Hon. Roy Cullen, has written a bill that would require financial institutions to block transactions for unauthorized Internet gambling, but he has not yet tabled the bill in the House of Commons.»
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