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iGaming News Page 994

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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.»
Global Games Introduces Beta Version of Bingo Site
15 June 1998
Global Games Corporation's bingo gaming site is up and running. For the next few weeks, it will be used to as a non-revenue beta test location.»
Sale of Netbetz Now Officia
14 June 1998
GIC Global Intertainment Corporation (OTC BB: GGNC) has completed a purchase agreement with Netbetz Inc., a licensed Internet sportsbook and casino located in Roseau, in the commonwealth of Dominica.»
New Turn Key Sports Book and Internet Server Available
13 June 1998
Nova Information Services, Ltd., partnering with a global provider and distributor of information and content across a wide range of platforms, has just opened its Montego Bay facilities to provide telecommunications, labor, facility and licensing services to the sports book industry.»
Multimedia Games Under Fire
12 June 1998
Multimedia Games, Inc. has received a copy of a summons and a class action complaint for violations of federal securities laws.»
IN AUDIO - Views from the National Gambling Impact Study Commissioners
12 June 1998
IGN spoke with NGISC Commissioners Terry Lanni (Chairman and CEO of MGM Grand) and Bill Bible (Chairman of the Nevada Gaming Control Board) about their views on the recent hearings on internet gaming. They each spoke frankly about their impressions of the presentations and their own views of the challenges presented by internet gaming.»
IN AUDIO - Bible on Senate Bill 318
12 June 1998
Nevada passed an omnibus gambling bill in '97 that included some provisions related to online gaming. The legal interpretations began flying shortly after that with some stating that their reading was a legalization of internet gaming for licensed gaming operations in Nevada. IGN spoke with Nevada Gaming Control Board Chairman Bill Bible about the bill and the subsequent regulations which are being finalized now. He makes it perfectly clear that internet gaming is NOT allowed under the regulations his office is finalizing.»
What They Don't Want You to Know - Recap!!!
11 June 1998
Talk of a Department of Justice response to Congress about the Kyl bill has been floating around recently. Well, this Justice Department analysis of the Kyl bill is now seeing the light of day and it makes for a very interesting read. We've got the whole letter for your perusal but if you're looking for a synopsis to whet your appetite, here it is. »
What They Don't Want You to Know!!!
11 June 1998
Talk of a Department of Justice response to Congress about the Kyl bill has been floating around recently. Well, this Justice Department analysis of the Kyl bill is now seeing the light of day and it makes for a very interesting read.»
Cybergames Acquires 'Super 6' Lotto & Bingo
10 June 1998
Cybergames Inc. (OTC BB: CYGA) has signed an agreement with WorldNet Gaming Inc. for the rights to its "Super 6" progressive lotto and voice streamed bingo games through its management agreement with several Costa Rican associates.»
IEL Launches In-flight Gaming on Singapore Airlines
8 June 1998
With the debut of Sky Games (TM), by Interactive Entertainment Limited (IEL), world travelers can now bet as they jet when flying Singapore Airlines.»
Greenwood to Launch 'The Racing Network'
3 June 1998
Greenwood Racing Inc., which owns Philadelphia Park, will launch "The Racing Network" a multi-channel subscription racing television service September 1.»
GIC Global Intertainment Corp Enters to Purchase Two Online Casino Sites
1 June 1998
GIC Global Intertainment Corporation (OTC Bulletin Board: GGNC) has entered into the final stages of negotiations to acquire 100% ownership of two established Internet Casino Sites with combined gross revenues of U.S. $35 million per year, and combined net profits of U.S. $1.75 million per year.»
Interactive Horseracing Content Agreement Reached Between You Bet and Thoro-Graph
1 June 1998
In an effort to provide its members access to the finest in high-tech data and services, You Bet!, Inc. (OTC BB: UBET), the first interactive horseracing network to enter the market in the U.S., is joining forces with Thoro-Graph, Inc.»
AIEE Submits Formal Takeover Offer of Coms21
1 June 1998
Atlantic International Entertainment Australia, Ltd. (AIEA), a subsidiary of Atlantic International Entertainment, Ltd., has submitted its offer and Part A statement for Coms21 (ASX-CMZ) with the Australian Securities Exchange Commission.»
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