iGaming News Page 682

Nambling Notes - June 24, 2005
24 June 2005
In today's Nambling Notes: U.S. trade negotiators meet in Geneva for discussions to expand GATS obligations, PartyGaming finds more than enough subscribers to its IPO, plus more.»
Betfair Helps Expose Betting Ring
23 June 2005
Officials with the world's leading betting exchange, Betfair, released a statement on Wednesday that it has played a role in uncovering a possible betting ring.»
A Closer Look at Casino City's Appea
23 June 2005
Casino City's primary goal in appealing its declaratory judgment case to the U.S. Court of Appeals for the Fifth Circuit is to obtain a ruling that the company does indeed present a First Amendment Issue. In February 2005 the Casino City case was dismissed by the Department of Justice at the district court level because the court declared that the company failed to present a case or controversy and that it does not have standing to present the case. The district court dismissed the case without even granting Casino City a hearing. The company's recent appeal charges that the district court's decision is erroneous, and although the arguments presented to the Court of Appeals are quite similar to those presented to the district court, they are now reinforced by a myriad of case law examples in which plaintiffs were objectively chilled from exercising free speech but were found to have standing.»
Nambling Notes - June 23, 2005
23 June 2005
In today's Nambling Notes: Racing Victoria seeks bookmaking licensees for the 2005/06 racing season, BACTA sells a controlling interest in trade show arm ATE, GamSure becomes GamBond, plus more.»
Sporting Odds & Ends - June 2005
22 June 2005
News on the latest developments, trends and issues in the sports betting industry.»
Nambling Notes - June 22, 2005
22 June 2005
In today's Nambling Notes: Sponsorship deal insures Channel 4 racing coverage through 2006, PartyGaming has completely covered its book at its proposed price range, GTECH and Veikkaus form a joint venture to develop sports betting via interactive channels, plus more.»
Empire Raises $34 Million in Float
21 June 2005
While talk in the I-gaming industry regarding floats and IPOs centered on Party Gaming within the last month, it was another online poker room operator, Empire Online Limited, which floated last week.»
Sportsbook.com Refunds Wagers on U.S. Grand Prix
21 June 2005
It wasn't just the tens of thousands of fans who showed up in Indianapolis to watch the U.S. Grand Prix on Sunday who were disappointed with the outcome of the controversial race.»
GIGSE '05 Sets Records
21 June 2005
Nearly 1,400 people, 100 official companies and 47 different countries were represented at the 2005 Global Interactive Gaming Summit and Expo last week in Montreal.»
PartyGaming Float Still On Schedule
21 June 2005
On June 15th Gibraltar-based PartyGaming published its 200-page flotation prospectus, which among other things revealed that the company would seek a market valuation between $8 billion and 9.2 billion (£4.4 billion and £5.1 billion). The valuation is significantly lower than the $10.5 billion (£5.8 billion) figure that the company originally indicated it would seek only a couple weeks ago. The company's prospectus declares the new valuation a "realistic assessment" of the company's worth, but many news analysts have speculated that the decrease in value is a response to investors' concerns. Chief among those concerns is how the company, which derives close to 90 percent of its business from the US, will cope with the legal uncertainty of online gambling in the US.»
Nambling Notes - June 21, 2005
21 June 2005
In today's Nambling Notes: iGGBA welcomes new members, Ladbrokes is defeated before Sweden's Supreme Administrative Court, plus more.»
PokerRoom.com Earns eCOGRA Seal
20 June 2005
With the growing popularity of online gaming, particularly poker, PokerRoom.com is pleased to announce it has earned the Play it Safe seal from eCOGRA.»
Sparks Fly During GIGSE Payment Pane
20 June 2005
It didn't take long for sparks to fly at GIGSE 2005. Towards the end of the conference's first day of seminars a panel was held to discuss the challenges facing the payment processing industry.»
On Track - June 2005
17 June 2005
A monthly review of events, business news and other happenings in the racing industry, particularly in the interactive space.»
Summary of the Interactive Gaming Industry
17 June 2005
Professor Joseph Kelly from State University of New York College at Buffalo presented a very thorough roundup of the I-gaming industry and the key legal issues to the U.S. National Council of Legislators from Gaming States at the council's meeting held June 4. The document was made available courtesy of Cantania Consulting Group (www.cataniaconsulting.com).»
A Taxing Situation for BetandWin in Austria
16 June 2005
The office of Vienna's public prosecutor says that Austria-based BetandWin should have been taxed on revenues generated by its offshore online gambling subsidiary. The office has confirmed with Austria Presse Agentur that it is investigating the company under suspicion of illegal levy on gambling tax.»
Nambling Notes - June 16, 2005
16 June 2005
In today's Nambling Notes: Party Poker nears liftoff, Casino City files an appeal and more.»
PokerRoom.com Awarded Regulator's Approval
14 June 2005
eCOGRA has announced the award of the "Play It Safe" seal to PokerRoom.com. »
The Top 10s
14 June 2005
It's the Hitwise Top 10 "Entertainment - Gambling" sites for the week ending June 11. This week:
1. Singapore Pools
2. AsianBookie.com
3. Sport Bookie
4. sb1888.com
5. 888.com
6. AB Disc. Board
7. 888royal.com
8. Active Odds
9. Ladbrokes
10. Sing. Turf Club
More lists this way. . . »
Nambling Notes - GIGSE Edition
14 June 2005
Montreal is once again the center of the I-gaming universe, as the industry congregates for the seventh annual Global Interactive Gaming Summit & Expo. Naturally, Nambling Notes focuses on highlights from the event, and today's edition rounds up days one and two.»
Weekly Nambling Notes
11 June 2005
A review of news briefs for the week of June 6-10.»
Search Engine Advertisement Case In California Proceeds to Next Phase
10 June 2005
A court in San Francisco, California has denied Google, Yahoo! and 11 other search engines a motion to dismiss a class action suit that first surfaced in August 2004. The two plaintiffs in the case claim that they used illegal sponsored ads on the search engine websites to find illegal online casinos to which they then lost thousands of dollars. Ira Rothken, the lead attorney for the plaintiffs, says that the case will now proceed with the discovery process and eventually go to trial unless a settlement is reached.»
Nambling Notes - June 10, 2005
10 June 2005
In today's Nambling Notes: PokerStars reportedly moving to the Isle of Man, Youbet's CEO rings the NASDAQ's opening bell, Canadian horserace betting operator Woodbine seeks access to U.S. pari-mutuel wagering, plus more.»
Casino City's Advertising Case Heads to Court of Appeals
10 June 2005
On Monday Casino City will file an appeal of the U.S. District Court for the Middle District of Louisiana's dismissal of the company's motion for declaratory judgment regarding its right to carry advertising for Internet gambling services. The Court ruled in February that Casino lacks standing to bring such a case to course because it failed to demonstrate that it faces a "realistic danger of sustaining direct injury."»
Nambling Notes - June 9, 2005
9 June 2005
In today's Nambling Notes: Citadel teams up with Phantom Fiber to offer a mobile wallet application, Equinox Entertainment launches an online casino with Microgaming software, plus more.»