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iGaming News Page 942

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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.»
SportXction Bound for Interactive Media
20 March 2000
International Sports Wagering, Inc. (ISWI) today announced an exclusive licensing deal allowing German-based Global Interactive Gaming, Inc. (GIG) to market, distribute and operate ISWI's interactive SportXction software, technology and patents on the Internet and interactive television, for contests and wagering on sporting events worldwide. The licenses exclude the continued use of SportXction in Nevada for wagering and the application of the company's basic technology and patens to lotteries and financial transactions.»
Public Lotto Ordinance (Cap. 70)
17 March 2000
Online wagering regulations for Malta.»
Hello Malta
17 March 2000
The Mediterranean island country of Malta has joined the growing list of government-regulated online gambling jurisdictions February 1 by passing legislation that permits the licensing of online bookmakers.»
Nambling Notes - Mar. 17, 2000
17 March 2000
In this weeks Nambling Notes: opportunities in new Net betting licensing jurisdictions, Hong Kong inches closer to legalization, William Hill flips the switch and more.»
Netbets - A Review of Online Gambling in Australia
16 March 2000
A review of online gambling in Australia.»
Two Cents (and then some) from the Australian Senate
16 March 2000
The Australian states have always been viewed as the strictest of jurisdictions in terms of regulating online gambling. The Australian Senate Select Committee on Information Technologies, however, doesn't believe they're strict enough. The Committee recommended, in a 110 page report released today, several ways of improving the country's already highly elaborate regulatory policies.»
Troubles Lead to Losses for Starnet
16 March 2000
The unfortunate events of last year have taken their toll on Starnet Communications International's bottom-line. The company reported financial results for three-month and nine-month periods ending January 31, 2000 that reveal some dismal numbers.»
Tools of the Trade - Mar. 16, 2000
16 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 will publish a new medley of blips and blurbs about e-business solutions that could be useful to you.»
Youbet.com Grabs a Share of the Latin American Market
15 March 2000
Youbet.com, the Los Angeles-based provider of a closed-loop pari-mutuel wagering network, is joining stampede to the Latin American market by purchasing Ladbrokes bingo and off-track betting operations located in Argentina for $26 million in cash and notes.»
Big Plans for Stanley Leisure
15 March 2000
The purchase of two existing online casinos is just the first splash in Stanley Leisure's dive into the Internet betting world. The company additionally announced plans to develop a third site as well as an Internet sports betting service based in the Mediterranean.»
Dear Mr. Progress, Meet Mr. Brick Wal
15 March 2000
If witnessing the Australian federal and state governments savagely clawing each other's eyes out would bring you great pleasure, then you might just be in for a dandy treat. Most of the states are looking at moving forward with licensing for online casinos, but the federal government seems to be stricken with a nasty case of Kyleria. The latest punch to the gut of the states comes in the form of a recommended five-year moratorium on new Internet gaming licenses.»
The IGN Data Hub - Mar 15, 2000
15 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.»
Another Player Joins the British Invasion
14 March 2000
With big news breaking virtually on a daily basis, the United Kingdom remains a hotbed of Internet gaming activities. In recent weeks, Ladbrokes, William Hill, Coral and Stanley Leisure have all announced Internet strategies. Monday, Littlewoods Leisure tossed its hat into the online ring by launching its own betting site and Internet lottery at www.bet247.co.uk.»
Exploring the Benefits of Opt-in Mailing Lists
14 March 2000
While a few politicians and like-minded cronies have been busily working to slow down online gambling's growth; you're working even harder to encourage visits by eager cyber bettors. Attracting new customers can be tricky. After all, there are more than 750 gaming sites barraging their message across the Web, in print advertisements, and even on billboards, all in hopes of attracting those same customers you want. Is it a war? Not quite, but it can be a battle to win over new customers while maintaining your current clientele. As always, IGN is looking for ways to help you win at least a few skirmishes in the battle for success.»
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