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iGaming News Page 989

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New Online Casino Available to WebTV Users
6 July 1998
Majestic International Casino, which recently unveiled a new interactive gaming web site, has added WebTV, Java and HTML support to all of its interactive games.»
AIE Receives Private Placement Funds from South Africa
4 July 1998
Atlantic international Entertainment, Ltd., AIE (NASDAQ-OTC BB) has received the South African Reserve Bank's approval for the release of the private placement funds.»
An American's Response to Australian Glenn Barry's Recent Comment on the Queensland Statute
3 July 1998
Congratulations to Glenn Barry (IGN's Mr. Nambling) for commenting on what I agree are certain realities in the new Queensland "Interactive Gambling (Player Protection) Act 1998". The new law is not a deregulation, no-holds-barred statute. It is not a decriminalization, anything-goes statute. It is what its title says that it is: one Australian State's attempt to protect its citizens and to confront the realities of Internet gambling.»
PlayStar Reports Progress
2 July 1998
PlayStar Corporation (OTC BB: PSCK) has announced that it continues to proceed with its reorganization into an Antigua International Business Corporation and expects the move to be finalized within the next few weeks.»
So, You're ready for Year 2000...what about the other guy?
30 June 1998
Everyone is asking everybody else about their readiness for the Year 2000 as each company becomes increasingly reliant on other companies' systems. Should you answer these letters and, if so, what do you say? And are you ready for their systems' failures?»
Trident Closes OTI Acquisition
29 June 1998
Trident Media Group, Inc. (OTC BB: TDNT) has announced the closing of the acquisition of all of the outstanding and issued capital stock of On Track, Inc. (OTI) effective 24 June 1998. »
Queensland Law Not What It Seems
29 June 1998
There are a couple of sections of the Queensland (Australia) Interactive Gambling (Player Protection) 1998 which just might throw a quite different light on the issue of Internet gambling in Queensland. »
Queensland Consumer Protection Can Put Consumers in Jail?
28 June 1998
Now that the Queensland government's Internet gambling bill has been around long enough for us to get over our initial enthusiasm, there is a thing or two buried in the details that throws a different light on some aspects of it.»
And Then a Bigger Fish Came Along
27 June 1998
IGN reported on June 25 that ODS Technologies and its TVG interactive racing network were bought for $30 million plus by United Video Satellite Group, which is controlled by Tele-Communications Inc. A day later, AT&T bought for a whopping $48 billion.»
You Bet Teams with Evangeline Downs
26 June 1998
A week after introducing the You Bet Network to the public, You Bet!, Inc. (OTC BB: UBET) has reached an agreement with Evangeline Downs to offer interactive online wagering and to broadcast thoroughbred horseracing to members of the You Bet Network.»
Statement of David Metheson Before the Subcommittee on Crime
26 June 1998
IGN has begun to gather some of the testimony being offered to the House Subcommittee which is holding hearings today on the Internet Gambling Prohibition Act. We'll add others as they come in.»
Statement of Kevin V. Di Gregory Before the Subcommittee on Crime
26 June 1998
IGN has begun to gather some of the testimony being offered to the House Subcommittee which is holding hearings today on the Internet Gambling Prohibition Act. We'll add others as they come in.»
Net Gambling Update
25 June 1998
The Internet gambling debate is heating up again. Although my information is conflicting, it appears that the Kyl bill, which would make Internet gambling illegal, may come up for a vote before the full Senate soon. The exact wording of the bill is a moving target, but its basic concepts seem clear. Now, we just need to ask, "Is this good policy for the Internet?" »
ODS Sold for More than $30 Million
25 June 1998
In a move that clearly demonstrates the present and future value of horse racing and interactive wagering on home television, United Video Satellite Group of Tulsa, Oklahoma, is buying control of ODS Technologies, L.P. and its Television Games Network brand for more than $30 million.»
Online Gaming E-Commerce Options Continue to Grow
24 June 1998
As the online gaming market grows, so do the mechanisms being developed to process the financial transactions. Another company has now emerged on the market, Ebanx, based in Vancouver, Canada.»
Online Wagering Firm Ensnared in Minnesota's Web
24 June 1998
Faced with the issue of whether advertising a wagering service on the Internet confers personal jurisdiction in Minnesota over out-of-state defendants where it was accessible to that state's residents, the Minnesota Supreme Court – solely by reason of an even split among its justices – affirmed the determination that an assertion of jurisdiction was proper. »
State Lottery E-commerce Lottery Site
23 June 1998
Most of this is from a press release, namblers, but it's a very interesting site and maybe a lot of lottery executive types may find it interesting to see how a State lottery operation can be marketed online. »
You Bet Launches Online Horseracing Network
22 June 1998
After months of testing, You Bet!, Inc. (OTC Bulletin Board: UBET), a Los Angeles-based interactive technology company, has announced the public release of the You Bet Network, the first online horseracing network to enter the market in the U.S.»
Massive Decline in Interest in On-line Gambling
21 June 1998
Between February 1996 and February 1998, the growth in home connection was 258 percent. The Internet in Australia is generally following the US pattern, but it's about a year to 18 months behind. It is difficult to compare this study to many in the US due to the vastly differing methods used to assess the size of the market.»
Merger of Interbet and Virtual Gaming Announced
19 June 1998
Interbet Inc. (OTC/BB:EBET) and Virtual Gaming Enterprises Inc. (VGTI) have just closed a deal to merge. The new company name will be Virtual Gaming Enterprises Inc. »
Advanced Gaming Technology, Inc. Stock Split Update
19 June 1998
Advanced Gaming Technology, Inc. (OTCBB:AGTI) has announced that in accordance with a resolution adopted by shareholders at the 1997 Annual Meeting, approving a reverse stock split of up to 4-for-1 to be implemented at the discretion of the Board of Directors, the Board has determined to effect a 4-for-1 reverse stock split as of Tuesday, June 30, 1998.»
Mikohn to Install SafeTrack System in Grand Casino Budapest
18 June 1998
Mikohn Gaming Corp. (Nasdaq: MIKN) has reached an agreement with Avalon Management CV, a subsidiary of Atronic's Gauselman Group, to place its advanced electronic systems, progressive games and interior signage in Avalon's Grand Casino Budapest, which will reopen July 18.»
Negative Database Screening and Online Credit Card Payment Processing
18 June 1998
There's an important lesson for the online gaming industry to learn by looking at the near-death experience that the audiotext industry experienced. In the mid-to-late eighties, this industry was at roughly the same stage of development as the online gaming industry is today. Things were looking very promising. It was all profits, profits, profits. Everything was coming up roses, you might say. Then, suddenly, things changed dramatically. Panic set in as company after company failed.»
Increased Security for Sports Bettors
17 June 1998
Cyberoad Corporation and eBanx Corp. have integrated the two companies' software platforms, creating a dynamic Internet transaction clearinghouse operation for gaming companies that use Cyberoad's sports betting system.»
Multimedia Games, Inc. Involved in Class Action Suit
16 June 1998
A securities fraud class action was commenced in the U.S. District Court for the Southern District of California against Multimedia Games, Inc.»
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