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iGaming News Page 934

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Takin' It to the Streets
29 March 2000
Antigua-based cyber casino Omni Casino has launched a real-world advertising campaign in Las Vegas, by pasting its logo on a fleet of brightly painted passenger buses. They'll sport the slogan, "Omni Casino - Online For Real: Win a Jackpot from Home" while traversing some of the city's most popular bus routes.»
Interactive Race Wagering in North America - Television Games Network
28 March 2000
With capable technology and a workable regulatory scheme within reach, the North American interactive horseracing market is one of the most exciting sectors of the online gaming industry. Four companies--Youbet.com, TrackPower, Television Games Network and the Racing Network--are vying for dominance, and a few more heavyweights are also looking to get in on the action. To get you up to speed on how far the market has come, IGN is publishing a four-part series that profiles each of the four major players. The fourth installment features Television Games Network.»
Worldnet Casinos Comes under Fire
28 March 2000
A New Jersey resident is suing Worldnet Casinos, operators of Casinopirata.com, for failing to pay him his winnings. The player, James Lutz, says he opened a wagering account at Casinopirata.com and eventually won a $50,000 jackpot. He says he contacted the managers and operators of the cyber casino by telephone and email and was repeatedly put off.»
Michigan Anti-Net Betting Ads Are off the Mark
27 March 2000
The Michigan Department of Community Health recently launched a $2 million public service ad campaign aimed at warning Michigan residents about the dangers of problem gambling. The focus of the TV commercials, not surprisingly, is Internet gambling, but the results of a study conducted by researchers at Western Michigan University indicate that the Department could have spent its money much more wisely.»
Trouble in Paradise
26 March 2000
The Antigua Directorate of Offshore Gaming Thursday held its second policy related meeting of the week with online gaming and sportsbook licensees. According to a few attendees, numerous disgusted operators walked out, while only a handful stayed to hear the whole agenda.»
Christian Coalition Letter to Henry Hyde
26 March 2000
Dear Chairman Hyde:
On, behalf of the 1.9 million members Of Christian Coalition, I applaud your commitment to grant a hearing for H.R. 3125, the Internet Gambling Prohibition Act. However, a closer reading of this bill warrants your attention when it comes before your full Committee for consideration.»
Prohibition Effort Faces Continued Adversity
26 March 2000
The Internet Gambling Prohibition Act, reportedly bound for mark-up in the House Tuesday, will have to endure a few sizeable bumps in the road before cruising to the White House. One of the act's recently acquired opponents, Christian Coalition, voiced its disapproval in a letter delivered to the Committee on the Judiciary Chairman Henry Hyde on Thursday. As of Friday, the Coalition gained a few unlikely allies in the National Association of Convenience Stores, the Service Station Dealers Association and the National Licensed Beverage Association, all of which oppose the lottery carve-out, none of which are too interested in seeing lottery ticket sales plunge at gas stations and convenient stores.»
Internet Gambling - The Risk of Fraud and how to Deal with It
24 March 2000
A craze is sweeping the world for investment in dot.coms. People are recognising the vast potential that the Internet offers for business. The betting gaming and lottery industries are no different. Indeed, it is expected that Richard Branson and Bill Gates are to team up together to bid to run the UK's National Lottery with the prospect of utilising the Internet in the process. However, the Internet has also heralded a bonanza for fraudsters and both gamblers and reputable organisations looking to promote their services through the Internet should be wary.»
Interactive Race Wagering in North America - TrackPower
24 March 2000
With capable technology and a workable regulatory scheme within reach, the North American interactive horseracing market is one of the most exciting sectors of the online gaming industry. Four companies--Youbet.com, TrackPower, Television Games Network and the Racing Network--are vying for dominance, and a few more heavyweights are also looking to get in on the action. To get you up to speed on how far the market has come, IGN is publishing a four-part series that profiles each of the four major players. The third installment features The Racing Network.»
Nambling Notes - Mar. 24, 2000
24 March 2000
In this week's Nambling Notes: Net betting tops online advertising reports released by Media Metrix and Nielsen//Netratings; five online gambling bills fill next week's dockets; Norway gets in on the action; and the purchaser of Starnet's adult entertainment division comes out.»
eLottery Helps Lotteries Generate Web Revenue
23 March 2000
U.S. lotteries maintain a huge presence on the Web, but none of them sell tickets online. Since lotteries depend solely on ticket sales to generate revenue, the huge presence isn't earning anyone a dime. Official lottery websites receive millions of hits each month, but none of those clicks are generating any ad revenue. The situation may change when lotteries use eLottery's IMARCS marketing program. (IMARCS is the an acronym for Internet marketing, analysis, research and communications system.)»
E-Signatures: Is There a Future?
23 March 2000
Remember the good old days when a simple handshake was enough to close a deal? It was replaced by the need to have a lawyer verify every line on the page before you carefully put pen to paper and signed your name. Alas, the winds of time are shifting past that old-fashioned pen and replacing your signature on the dotted line with some sort of electronic or digital signature.»
Valuation and Venture Capita
23 March 2000
So, you need some money to get your tech startup moving. You are now a part of a large club of startups in the same boat. All of you face the same early question. How much of my company should I give up to get the money? »
Tools of the Trade - Mar.23, 2000
23 March 2000
As a leader in an Internet-driven industry, you've got to stay informed about the latest products, technologies and services available to thriving e-businesses. Instead of sitting on your lead, broaden the distance between you and the rest of the pack by equipping yourself with the tools necessary to get it done. Every week IGN publishes a new medley of blips and blurbs about e-business solutions that could be useful to you.»
Today in the House
22 March 2000
The Internet Gambling Prohibition Act, the Goodlatte bill, took a back seat today in the House Judiciary Committee to an abortion measure and another piece of proposed legislation on the docket ahead of the Internet matter. Meanwhile, a panel appointed by Congress to consider whether and how to tax the Internet broke up after what the Washington Post described as "an acrimonious two-day session" without reaching any substantive agreement on any of the major points it discussed.»
Interactive Race Wagering in North America - The Racing Network
22 March 2000
With capable technology and a workable regulatory scheme within reach, the North American interactive horseracing market is one of the most exciting sectors of the online gaming industry. Four companies--Youbet.com, TrackPower, Television Games Network and the Racing Network--are vying for dominance, and a few more heavyweights are also looking to get in on the action. To get you up to speed on how far the market has come, IGN is publishing a four-part series that profiles each of the four major players. The second installment features The Racing Network. »
The IGN Data Hub - Mar 22, 2000
22 March 2000
In our zealous attempt to provide relief for potential information overload, we've condensed several industry-related surveys and research findings into a more digestible form for your reading pleasure.»
Louisiana Goes for It
22 March 2000
In 1997, Louisiana became the first state to prohibit Internet gambling through legislation. Will it also become the first state to legalize?»
Ohio Commission Assesses Net Betting
21 March 2000
The Ohio Lottery Profit Review Commission (LPRC) released its draft report last week after holding several meetings to discuss why state lottery tickets sales had fallen and how to improve them, including possible Internet ticket sales.»
Licensing Net Casino Operators
21 March 2000
Today, there are at least 400 virtual casino gaming sites on the Internet run by up to 200 different operators. Internet gaming revenues worldwide have been estimated to exceed $810 million this year. In 2002, that revenue projection surpasses $3 billion, with some estimates reaching as high as $10 billion by 2003. With revenues like those, it is no wonder that companies from around the world are positioning themselves for a piece of the action and jurisdictions from Australia to the British Isles to Kahnawake are licensing, regulating and taxing Internet gaming with various regulatory schemes.»
No Duty Relief for U.K. Bookmakers
21 March 2000
U.K. bookmakers' hopes for a lower betting duty were dashed today when the Treasury's new budget announcement made no such reference. Instead, the government is considering basing duty on gross profits and where the actual wager was placed, Accounting Web reported.»
Crackdown in South Korea
20 March 2000
The South Korean government has launched a massive effort to block its citizens' access to online gaming sites, while admitting that the feat is nearly impossible. The government discovered a Korean virtual gambling site in January, which has led to the crackdown, according to The Korea Times. Internet businesses were also complaining that employees were gambling online while at work.»
eTrouble for eConnect
20 March 2000
The Securities and Exchange Commission has put the freeze on eConnect. Trading of the California-based e-commerce company's stock was halted March 13 due to suspicion that the company was issuing false and misleading press releases to artificially inflate its share price. Additionally, the company has been hit with at least three class action lawsuits filed on behalf of shareholders.»
Lasseters Looks to Raise a Few Bucks
20 March 2000
Lasseters Holdings Ltd. is attempting to raise A$40 million for a proposed expansion into Europe and Asia by offering 40 million shares at $1.00 each. The stock offering includes 10 million existing shares and 30 million new shares. The offering gives Lasseters a market capitization of $117.5 million on listing on the Australian Stock Exchange with the current shareholders retaining 66 percent of the equity.»
Interactive Race Wagering in North America - Youbet.com
20 March 2000
With capable technology and a workable regulatory scheme within reach, the North American interactive horseracing market is one of the most exciting sectors of the online gaming industry. Four companies--Youbet.com, TrackPower, Television Games Network and the Racing Network--are vying for dominance, and a few more heavyweights are also looking to get in on the action. To get you up to speed on how far the market has come, IGN is publishing a four-part series that profiles each of the four major players. The first installment features Youbet.com.»
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