iGaming News Page 867

GOCORP Signs Deal with GET, TG
3 December 1999
GOCORP, Queensland's first online casino licensee, just signed a memorandum of understanding with software developer Gaming & Entertainment Technology (GET) and Trans Global Interactive Limited (TGL). The formal agreement should be executed by December 17.»
Starluck Corporation Denies Involvement In Cybersquatter Case
3 December 1999
The recent cybersquatter case, in which several hotel/casino companies have reportedly sued John Dunn, The Stardust Company, Ed Servicio, Starluck Corporation and other unknown entities, has taken some interesting turns.»
IGG to Acquire Digitallotto.com Assets
3 December 1999
International Gaming Group, Inc. has signed a letter of intent to acquire all assets of Digitallotto.com. IGG intends to resell the Digitallotto software and program, which is used to connect and service the thousands of existing Internet casinos and sites offering Lotto games, to a large successful company in the future and retain a very profitable software royalty stream.»
Forrester Study Stresses Importance of Customer Service
3 December 1999
Has an unfortunate experience driven customers from your site? According to an article in E-Commerce Times, more than 40 percent of online users have stopped using a site due to service issues.»
Cyberoad Acquires eBanx.com
1 December 1999
Florida-based Cyberoad has completed its acquisition of eBanx.com Ltd., an e-commerce relationship company that provides its merchants with Internet based micro-transaction processing, call center and management systems.»
TeleTrak Aims to Revolutionize Horse Racing for the Internet
1 December 1999
TeleTrak, the Australian company that just broke ground on its first straight-track racing center, is dreaming big dreams for the horse racing industry. The company has already spent five years developing its plan and convincing government officials of its viability.»
Florida AG Seeks Credit Card Companies' Help in Stopping Online Gambling
1 December 1999
The Florida Office of the Attorney General recently contacted Visa and MasterCard requesting the companies' assistance in the AG's battle against online gambling. In its letter to the credit card companies, the AG's office outlined Florida regulations that make it not only illegal to participate in online gambling, but explain that Florida law prohibits credit card companies from collecting gambling debts from their users. Additionally, Florida law allows suits to be filed against any entity which assists in the transaction, such as a credit card company.»
E.tec Buys Back Shares from Waterhouse Family
29 November 1999
E.tec is buying out major stockholders Bill and Robbie Waterhouse and their family to the tune of $6 million, according to a Sydney Morning Herald article. The company will buy back 45 million shares for about $4.5 million with $1.5 million tossed in as an anti-compete deal sweetener. The Waterhouse family will probably be offered an options package down the road.»
Software for Online Problem Gamblers Being Beta Tested
29 November 1999
GamePlanit Interactive Corp. and ProblemGambling.com recently announced that they're beta testing a new online version of their safe@play software geared to identify and help problem gamblers online.»
Boss Media Signs Deal with PricewaterhouseCoopers
29 November 1999
Boss Media announced that PricewaterhouseCoopers, an internationally recognized consulting and auditing firm, has agreed to review payout ratios of Boss Media licensees.»
Read Their Lips...
26 November 1999
The government of Antigua and Barbuda is having second thoughts about imposing the recently announced 2 percent levy on Internet gambling operators.»
Nambling Notes - Nov. 26, 1999
26 November 1999
News is falling from the sky like rain and the editorial department at IGN is running around with buckets collecting tidbits, blips and blurbs for your reading pleasure. Here are a few morsels of industry news to keep that ferocious appetite satisfied. This week: reactions in Australia and Europe to the Kyl and Goodlatte bills, Boss Media unveils its new software, another contract for Starnet and more.»
What about Bob?
26 November 1999
For anyone following the Internet Gambling Prohibition Act, there are two versions of it floating through the U.S. lawmakers' hands. You might have heard that Senator Jon Kyl's version passed on a voice vote as the Senate was winding down to close November 19, 1999.»
Inter Active Media Launches New Site
25 November 1999
Inter Active Media Inc. has launched a new European-style online casino. The site, www.global-player.com, offers multi-player casino games and features chat at the blackjack and roulette tables.»
The Coming Revolution
25 November 1999
When President Clinton signs new television rules approved by Congress into law on Monday, as expected, it will mark another step forward in the evolution--make that revolution--in TV communication. It also will greatly enhance the position of racing services using satellite companies to distribute their products.»
SEC Wants Tighter Revenue Reporting Standards for Internet Companies
24 November 1999
The Securities and Exchange Commission has asked that reporting standards for online businesses be tightened up, the Wall Street Journal reported last week. Many e-businesses are reporting assets that are questionable, such as income that is really a "free" service offered to customers or including bartered advertising exchanges as a revenue source.»
Online Casino Accused of Cybersquatting
23 November 1999
Three hotels, Mirage Resorts Inc., Mandalay Resort Group and Stardust claim that the Los Angeles-based Stardust Co. and its two online casinos are passing themselves as actually being affiliated and sponsored by the hotel-casinos, according to a recent Las Vegas Sun article.»
OGS Signs Agreement with Australian SportsXite
23 November 1999
Online Gaming System Ltd.'s Australian subsidiary, Online Gaming Systems Australia, has signed a heads of agreement with SportsXite for the sale of up to twelve webSports wagering systems.»
Mohawks Face Government Opposition to Tax-Free Status
23 November 1999
The Kahnawake Tribe's intention to develop a first-class Internet gaming licensing body included plans for opening a bank and securities exchange to create a tax-free shelter similar to those offered by Caribbean nations. Those plans may be nixed by the Canadian government, reported the Montreal Gazette in a story last week.»
Two New Lawsuits Filed Against Starnet
22 November 1999
Starnet´s under fire again. This time trouble comes dressed in a pair of class action lawsuits filed on behalf of stockholders by law firms in Washington and Delaware.»
Kyl's Pet Project Passed Senate with Only Three Voice Votes
22 November 1999
November 19 was Senator Jon Kyl's second chance to squeeze in victory with his continual battle against Internet gambling. So what if only three people responded to the call for a voice vote? He's gotten his bill passed for the second time with just a few amendments to last year's offering. We've included a PDF version of the Kyl Bill in the article. »
Nambling Notes - Nov. 19, 1999
19 November 1999
News is falling from the sky like rain and the editorial department at IGN is running around with buckets collected a tidbits, blips and blurbs for your reading pleasure. Here are a few morsels of industry news to keep that ferocious appetite satisfied. This week, a new Australian gaming company looks to go public, Boss Media offers a sneak peek at its new software, Casino Builders teams with dot com Entertainment and more.»
NetZero Launches New Advertising Weapon
19 November 1999
Trying to get an edge on your competitors? NetZero offers a solution that reinforces a "business is war" ethos. The services are called "Ad Missile" and "Ad Missile Defense Shield" and can deliver your advertisement in a separate window above your competitor's site.»
Cyberoad.com Completes $2.27 Million Private Placement
19 November 1999
Cyberoad.com Corporation issued 648,859 shares of common stock in an offshore offering for $3.50 per share, raising $2.27 million. Proceeds from the financing will be used primarily to finance day-to-day operations, upgrade existing software, develop new product software systems, marketing and third-party licensing and other corporate development and investor relations purposes.»
Kyl Bill Passes With A Tiny Voice Vote, Tenacity Pays Off for the Senator
19 November 1999
Senator Jon Kyl has doggedly pursued passage of the Internet Gambling Prohibition Act, which bears his name, for over three years. With the clock running out on this year's Congressional session, he was successful for the second time in two years in getting the bill passed in the Senate.»