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GAMBLING NEWS : The Latest Online Gambling Industry News Provided By InfoPowa News
Welcome to Bet Sage's Online Gambling News Section, featuring the latest breaking gambling industry news courtesy of InfoPowa News. This is your one stop source for all and any of the latest developments concerning all aspects of the Online Gambling Industry. InfoPowa News headed up by senior partner Brian Cullingworth are recognised as one of the leading and most respected independent gambling news services in the online gambling industry.
 
16 MAY 2008 : HEADLINES Add to My Yahoo! Add BetSage Gambling News Headlines to My MSN Add to Google BetSage Gambling News - RSS Feed BetSage Gambling News - News Now  
 

CEO confident of a resolution before end of 2008
London-listed online gambling group Party Gaming plc could achieve a settlement of its U.S. position with Department of Justice officials before the year is out, Chief Executive Officer Mitch Garber told business reporters this week. Garber, who leaves Party Gaming on 1st May 2009, said his departure would not impact such a settlement.  more...
   

Experienced executive Jim Ryan to succeed Mitch Garber
Highly experienced online gambling industry executive Jim Ryan (46), who has occupied top positions with St Minver, Excapsa and Cryptologic, will be the new mover and shaker at Party Gaming, taking over as CEO from Mitch Garber when the latter departs the company later this year.

Speculation that Chief Games Officer John O'Malia would be in line for a promotion was also vindicated with the announcement that he would take up responsiblities in a newly created post of group managing director on May 16. The new post is charged with the daily management of the group, and O'Malia will have a seat on the Board. He will combine his new m.d. role with that of acting CEO until Ryan takes up his appointment.  more...
   

Lee Roussos challenge to anti-online gambling law rejected
Hopes that the state of Washington may be dissuaded from its policy of imposing excessive Felony C punishments on any of its citizens caught gambling online faded this week with the failure of lawyer Lee Roussos's challenge to the law in a King County Court (see previous InfoPowa reports)

While the judge ruled that Rousso had legal standing to bring the suit forward, something he fought 10 months for, she said his challenge did not satisfy the narrow standard to invalidate the law.  more...
   
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But the bill still has to survive the Senate, and the current governor disapproves
Delaware state legislators in the House of Representatives have passed a bill allowing sports betting in the state by 28 votes to 10 in an attempt to source further tax revenues. The proposed legislation is now on its way to the state Senate for further debate and voting.

The decision comes after careful consideration and argument, and was undoubtedly influenced by state approved gambling activities in the neighbouring Pennsylvania and Maryland states. Options considered by legislators included allowing Delaware's three slots operations to stay open 24 hours on Sundays and/or permitting sports betting and even table games.  more...
   

A new multiplayer game of strategy, skill and a little luck.
Fresh from signing up with 888.com as a games supplier, the UK company Gaming Technology Solutions plc this week launched its latest game offering - BetLow, now exclusively available on the EdGE platform.

A dynamic game, BetLow offers players numerous options and attractive features of play based on the popular lowest-bid-wins- auction format. Created by BetLow Ltd, the game is a reinvention of the low bid genre specifically for the online gaming market.  more...
   

With an increase in operating profit of 59 percent, Drury can step down satisfied
The Paddy Power betting group has announced an increase in operating profit of 59 percent to Euro 72.1 million, a high point at which chairman and non-executive director Fintan Drury has decided to step down at the end of the year after six years in the chair.

A senior independent director of the company, Nigel Northbridge will take his place.  more...
   
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Revenues up 21.3 percent to Euro 104.6 million at Austrian betting giant
Vienna listed online betting group Bwin has reported record Q1 2008 gross gaming revenues of Euro 104.6 million - a growth of 21.3 percent over the same period last year, when Euro 86.2 million was achieved. Sports betting was particularly productive, with gross gaming revenues soaring 27.4 percent to Euro 60.6 million and a margin of 8.7 percent. After tax numbers were Euro 11.0 million (Q1 2007: EUR 9.9 million)  more...
   

"Change in ambition" at Svenske Spel results in management resignations
Decisions by the board of directors at Sweden's state-owned gambling monopoly Svenske Spel continue to create disquiet among some managers, leading to the resignations of a further two executives in the wake of the departure last week of CEO Jesper Karrbrink (see previous InfoPowa report)

The board, headed by recently appointed Margareta Winberg, a former Deputy Prime Minister, has demanded a change in approach which will see more emphasis on responsible gambling following years of vigorous and at times aggressive marketing. In a political sense, the government is undoubtedly keeping an eye on European Commission developments after accusations that it unfairly excludes gambling services from other EU member nations.  more...
   

OPoker.com joins Crypto's poker network in three year exclusive deal
Online casino and poker software developer Cryptologic continued its brisk business pace this week with a three year exclusive deal to provide the Scandinavian company OPoker.com with gaming software designed for the Scandinavian market, as well as customer support services, e-cash management and business service support.  more...
   
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Farewell Michael Hallen, welcome Rahul Parekh
The change of ownership at Swedish online gambling software provider Boss Media was perhaps reflected in the presentation of Q1 2008 results this week, which included the announcement by CEO Michael Hallen of his successor - GTECH's Rahul Parekh.

A company announcement noted that Hall�n is handing over Boss Media in "...a great shape with increasing net sales, royalty revenues and operating profits."  more...
   

Chief Operating Officer among as much as a third of staff departures
Comments made by the CEO of Sportingbet.com, Andy McIver, to the publication eGaming Review this week reveal that the company and its employees have faced a tough struggle following its withdrawal from the United States market in the wake of the UIGEA.

Despite a trading update anticipating rising operating profits for the first nine months to date of GBP 18.7 million (2007: GBP 6.7 million) the company has had to go through a painful downsizing, with possible redundancies at the head office following a move to Guernsey and Dublin of up to a third of the staff. The final decision is subject to a consultation process.  more...
   

Microgaming progressive now up to $2.9 million after earlier $5.5 million hit
The Microgaming progressive jackpot slot Mega Moolah - hit recently for $5.5 million by Finnish player KlausE - has already climbed to $2.9 million and counting in a week that has seen a number of large wins by online players on a variety of softwares including that from rivals Cryptologic and Playtech.  more...
   
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Major investment in special WSOP bonuses by Brit online poker website
The online poker division of major British gambling group Ladbrokes has made a significant investment in World Series of Poker special bonuses as an incentive for its sponsored players to achieve high finishing spots in the main event of the poker spectacular organised by Harrah's Entertainment.

In addition to a number of WSOP seat sponsorships, the UK company has announced Main Event finishing position packages that include a million dollars for any Team Ladbrokes sponsored player who wins this year's main event; $500 000 for a second or third placing in the main event and $250 000 for finishers in 4th to 9th positions.  more...
   

A profitable trip to Barcelona for 49 year old player
The long trip to Barcelona in Spain to compete in the 888.com World Poker Crown final table was worth it for 49 year old Canadian poker player Jack Hinchey, a plumber in private life, who took the title and a million dollar main prize.

This week the epic final table was webcast at Pacific Poker as the culmination of an innovative tournament that featured both online and offline action. The first phase of the tournament was online at Pacific Poker, where play continued until ten survivors were left from a starting field of some 3 000.  more...
   

Political party urges abolition of Svenske Spel monopoly in favour of cultural support
With a new and more 'responsible gambling' oriented approach to business leading to management resignations this week (see previous InfoPowa reports) the Swedish state-owned gambling monopoly Svenske Spel faced new criticism from the Moderate Party�s Culture Committee next week.

The English language newspaper The Local.se reports that the committee is urging government to abandon its monopoly in gambling policy in favour of "new forms of cultural support," using as an example sponsorship of athletics, and suggesting that the government accept cultural sponsorships as tax-deductable marketing expenses.  more...
   
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Euro 587 314 bonanza for French progressive slot player
Playtech-powered Casino Tropez has reported another major progressive jackpot winner, this time by a French player, Yves G. who hit a Euro 587 314 jackpot on the 8-line progressive slot machine, Gold Rally after placing a Euro 16 wager within 30 minutes of logging on.

The Frenchman is the latest in a series of big winners this year which has seen the casino pay out Euro 68 865 on the Dollar Ball progressive to one player, while another member scooped almost Euro 52 884 on the Magic Slots progressive. A few weeks prior to that another two Tropez members won a total of Euro 577 174 in progressive jackpots on the slot machines Lotto Madness and Gold Rally.  more...
   

Ascot Sports website "down for system maintenance" amid news reports of closure
The Malaysian business tycoon Tan Sri Vincent Tan has pulled out of the online gambling business, apparently shutting down the operations of the Isle of Man licensed Ascot Sports.com, according to reports from the Malaysian Insider's news website.

The closure may be reflected by the website's current inaccessibility, although it displays a notice advising that it is �temporarily unavailable due to system maintenance�. The message is also duplicated on the Chinese-language version of the website.  more...
   

Isle of Man regulator working with online gambling company to ensure all players are paid
The closure of the Ascot group of online gambling operations owned by Malaysian tycoon Vincent Tan over the weekend (see previous InfoPowa report) is being supervised by the Isle of Man regulating authority, according to a response to an InfoPowa enquiry this morning (Monday)

Garth Kimber, the head of e-gaming in the Isle of Man government Department of Trade and Industry, said:  more...
   
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In another protectionist move, the Dutch intend to enlist bankers in barring online gambling.
The Dutch government could be provoking a European Commission reaction with its latest move - an attempt to get the banks involved in excluding companies from other EU nations from the gambling market in the Netherlands.

Over the weekend, a Justice Ministry spokeswoman revealed that Dutch authorities intend to crack down on illegal online casinos and are calling on banks to stop providing financial services to them, according to reports from Reuters now receiving wide coverage.  more...
   

Legal delays cited for 2 year wait
The Dutch news agency ANP has reported that the online gambling group Betfair may have to wait for up to 2 years for a decision on its litigation against the Dutch gambling monopoly De Lotto.

The case has been delayed pending the outcome of a European court decision on the dispute, which started when Betfair was refused a licence to operate in the Netherlands.  more...
   

Other language versions planned
French speaking gamblers who are members of the Mansion online casino can now join Spanish and English speaking players with their own French language version of the online casino.

Playtech-powered Mansion boasts over 160 games in both download and instant-play formats, including the Our Beach Life progressive slot, with a jackpot currently climbing at $2.4 million. Multi-Hand, Multi-Player and Private Group playing modes are also available, with the option to communicate with other players through a fully featured chat facility.  more...
   
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Exciting final table aboard cruise liner
The cruise liner MSC Poesia proved a pleasant venue this week for the final table of the Party Poker Million VI tournament and its winner, Alexander Jung, a 25 year old math student from Berlin. The German player beat an initial field of 171 to enter the final nine, and then outplayed them all to take the $358 280 main prize and the beautifully crafted glass trophy.  more...
   

At $25 000 a pop, this is one for the confident and wealthy
Online poker website Full Tilt Poker.com has set what is believed to be a new online poker record with its latest tournament offering - a $25 000 buy-in heads up challenge titled $25K Heads-Up World Championship.

The competition takes place online on the 24th and 25th May, a week after the conclusion of the current FTOPS 8 action.  more...
   

Turnkey provider's customer revenues rise, but income overall slightly down
The Dublin-based online gambling software developer and turnkey provider Cryptologic released its first quarter 2008 numbers this week, showing a 21 percent rise in customer revenues, overall income slightly down and impressive amounts of cash on hand at the end of the reporting period.

However, a year-on-year fall in first quarter net earnings to $609 000, from $1.5 million in the previous year was reported. Total revenues for the quarter decreased to $19.31 million, from $19.6 million, while operating expenses rose by $800 000, to $14.4 million.  more...
   
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Gaming integration the name of this game
Gaming software solutions provider Gaming Technology Solutions plc (�GTS�), and the Gibraltar-based online gambling group 888.com signed a partnership agreement this wek, aiming to create a new gaming integration standard built around the open GTS EdGE gaming platform and 888�s Integration Platform. The common standard will enable 888 to accelerate time-to-market for new games across multiple platforms.  more...
   

Major SE Asia gambling website changes to Dublin firm's software
The formerly Boss Media powered Maharajah Club.com online casino and poker operations switched to Cryptologic gambling software and games this week in an exclusive deal with the Dublin based turnkey provider.

"With a strong core business in Europe and an emerging business in Asia, Cryptologic will work diligently with Maharajah Club to bring the Southeast Asian community a truly exceptional gaming experience," promised Brian Hadfield, CryptoLogic's President and CEO.  more...
   

Heavy anti-trust penalties levied, but NHN is going to court
According to reports in the Korea Times, the Korean Internet group NHN has been penalised for "...its antitrust behaviours and dubious online gambling business."

The newspaper reports that the Fair Trade Commission ordered NHN, which operates the giant Naver portal and the Hangame online gaming site, to pay 227 million won (almost GBP 111 000) in antitrust fines last week after accusing the group of monopolistic practices in the Internet market. The FTC will be keeping a close eye on the group's future activities.  more...
   
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Statistics show that online poker site is ahead of the biggies in popularity
A press release from the 3D online poker firm PKR.com this week boasts that its poker website has come out tops in the Hitwise Gambling (Poker) category, finishing ahead of other major players like Ladbrokes Poker, VC Poker and William Hill Poker in visits from UK players.

Hitwise is an online competitive intelligence service that provides insight into the interactions between 8.4 million Internet users and over 1 million websites across 160 industries in the UK.  more...
   

MadCroc partners with Entraction in new venture
The Malta and Swedish online gambling provider Entraction (formerly 24hPoker) and Fifty Ventures Ou have partnered to launch MadCrocPoker.com, an online gambling venture that features poker, casino and sportsbook activity under a Malta license. MadCroc is an energy drink available in Europe.

Available in 6 mainly European language versions, the new site sports 11 table, 11 slots, 8 VP and 7 bingo and other games in a casino suit from Boss Media, with Entraction providing the poker action on its network. Affiliate commissions of up to 40 percent are being offered.  more...
   

LoveBingo.co.uk managed by bingo players
Britain's newest online bingo site launched this week, apparently managed by bingo players including Stephen Hare, who said: "Our whole team comes from people whose lives revolve around bingo, and we think we'll be able to offer an experience that reflects that. We want to build a community of people who think bingo is the best fun you can have."  more...
   
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Economic minister to meet with EC official on OPAP
Could it be that the Greek government's policy of restricting access to its gambling market is about to undergo a change? That was the question on Internet gambling observer's lips this week as Greek media reports from reputable publications like the Greek Herald and Reporter Net carried a brief story on a meeting scheduled for next week between European Commission enforcement chief Charlie McCreevy and Greek economic minister George Alogoskoufis.  more...
   

Online gambling group now part of a global fraud protection system
Ethoca, the international network for collaborative fraud management, has welcomed to its ranks the Gibraltar-based online gambling group Mansion.

One of the better-known online gaming brands thanks to its sponsorship of Tottenham Hotspur FC, Mansion.com joins a list of e-gaming companies already collaborating through the Ethoca Community.  more...
   

UK company offers 100 games covering sports betting, casino and �soft instant gaming".
Gibraltar online gambling group 888.com's inexorable march forward into innovative new gaming partnerships saw it sign its third partnership in a month this week in a strategic deal with the London-based interactive gaming content provider Electracade.

Electracade's inventory of over 100 games will be made available to 888.com, covering sports betting, casino and �soft instant gaming�, such as scratch-cards and bingo - all available in 23 languages.  more...
   
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'Fifties and 'Sixties Paramount classics to be featured
The UK mobile gambling technology provider Probability has signed a deal reminiscent of the recent Cryptologic moves by securing a license from Paramount Mobile Entertainment for the use of three classic movie properties for its game themes: Grease, The [original] Italian Job and the major Elvis Presley hit King Creole.  more...
   

750 000 young problem gamblers, researchers claim
Researchers at the University of Buffalo's Research Institute on Addictions released the results of a recent study this week, showing that an estimated 750 000 American teens and young adults are problem gamblers, reports the Wshington Post.

The researchers worked on the basis of defining problem gambling as that associated with three or more negative consequences, such as gambling more than intended or stealing money in order to gamble.  more...
   

Online poker firm in London charity fundraiser
The online poker company PKR.com pitched in to help a children's charity at a London event involving celebrity chef Jamie Oliver and ace footballer Teddy Sheringham this week. The event was in aid of the One to One Children's Fund, involved in child assistance around the world.

Held at London's Sketch Restaurant, the fundraiser featured the Omar Sharif Backgammon tournament and a PKR.com sponsored poker tourney, between them raising over GBP 200 000 for the charity. Buy-ins were set at GBP 365, representing care of GBP 1 per child for a year.  more...
   
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Taiwan's Gigamedia turns in a solid first quarter
With more real money players and soaring revenues, the Taiwan firm Gigamedia, which owns the Everest online poker company, delivered good news to investors this week in releasing its Q1 2008 results.

Gigamedia�s chief executive Arthur Wang re-emphasised the importance of the company's deal with Harrah's for high profile World Series of Poker sponsorship by the Everest brand, pointing out that the poker spectacular is beamed into 350 million homes through television coverage.  more...
   

With the latest action set to take place in a Philadelphia appeal court, the government prepares
Legal representatives of the Interactive Media Entertainment and Gaming Association will face a new Justice Department attorney in the organisation's attack on the Unlawful Internet Gambling Enforcement Act this year following the recent appointment of Nicholas John Bagley to the US defence team.
 more...
   

Internet services giant to sponsor 6 players through Games.com free roll
The giant U.S. Internet services group America Online (AOL) announced this week that its Games.com website will award six sponsored seats to this summer's World Series of Poker Main Event in Las Vegas.

Through to June 15, players can compete in free, online No-Limit Texas Hold'em tournaments on Games.com's World Series of Poker hub, Games.com/poker.  more...
   
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And a familiar name crops up again
Leisure and Gaming plc, the European betting group with extensive Italian interests released its full year results this week, accompanying the announcement with the appointment of a new financial director whose name will be familiar with industry veterans as a former director of the now defunct BetonSports.com - Richard Creed (52).  more...
   

Online gambling software developer on a roll
Fresh from its positive quarter 1 results announcement earlier this week, the online gambling turnkey provider and games developer Playtech plc has followed up with an impressive full year report for the year ended 31 December 2007.

Financial Highlights from the annual report show:

* Total Revenues up by 86 percent to $103.6 million (2006: $55.6 million)  more...
   

Khel Galli and Cryptologic to develop new gaming brand for booming South Asian market
Hyperactive gambling software developer Cryptologic has announced the sign-up of another major Asian licensee in an agreement with Khel Galli - one of South Asia's fast-growing online gaming companies. The Dublin-based company will develop and launch KhelGalli.com, a new Internet gaming brand for the high-growth Asian and Indian market.  more...
   
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Growing numbers of women players make "Woman Poker Player" an attractive buy
Maryann Morrison's "Woman Poker Player" print magazine has been acquired by the Bluff Media group for an undisclosed consideration.

Explaining the sale, Morrison said this week: "Woman Poker Player magazine was founded as a vehicle for the encouragement of women to play poker. At that time women were only representing about ten percent of live players, and this is no longer the case. We all know women are fierce poker players and have substantially grown in numbers over the past two years. It is not a progressive step for women to have segregation of any kind."  more...
   

With an entry field of over 300 players and a prize-pool of almost $850 000, WPTC Coast to Coast was a winner
The inaugural WPT Canada Coast to Coast tournament up there at the River Rock Resort in the Great White North drew top poker names prepared to make a pricey main event buy-in investment of $3 000 for a crack at the $845 000 prize-pool, including Gavin Smith who is the current WPT Season IV Player of the Year; Canadian Poker Tour Player of the Year Brad Booth and 2007 Mandalay Bay WPT Champion Shawn Buchanan. Other well respected players included Jody Trainer and Antonio Esfandiari.  more...
   

Multi-language raffle style gambling product offers a gigantic Euro 1 billion a year
The Malta licensed gaming operator Billionairio is the newest merchant to join the Income Access Affiliate Network, with a multilingual, raffle-style product that offers its players the chance to win a billion Euros annually along with 1200+ intermediate cash prizes.

Income Access is confident that affiliate marketers will enjoy the advantage of promoting a refreshing new game to their players, together with attractive promotions exclusive to the network.  more...
   
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91 percent profit dip in Q1 2008 reported
The Malaysian gaming group Genting International, which has European interests, had bad news for investors this week with Q1 2008 profits dipping 91 percent to $4.4 million (Q1 2007: 49 million) as a consquence of reduced action in its British land casinos, and a higher incidence of bad debts.

Genting entered the UK gaming market in 2005 with its acquisition of Maxims casino, followed by that of Stanley Leisure in 2006. The group operates some 41 terrestrial casinos in Britain under the Circus, Mint and Maxims brands, and has also acquired a 10 percent shareholding in Rank Group plc (see previous InfoPowa report), sparking speculation of a bidding war for the UK bingo and casino operator whose share value has declined since an earnings warning in October 2007.  more...
   

US gambling revenues up 5.3 percent to $34 billion in 2007
The American Gaming Association's survey for 2007 shows that Americans spent more money [land] gambling during the year than on movie tickets or candy, but the steady growth of commercial casinos over the past decade could slow due to a slumping US economy and setbacks in new venue plans, reports Business Week.  more...
   

100 Brit Bingo clubs shutdown over past 3 years due to double taxation and smoking bans
The UK newspaper The Guardian reported this week that the closure of a hundred land bingo clubs across the British Isles has had a social impact on older women players who had relied on the local bingo halls as a source of community activity.

Quoting from a study by the Henley Centre research group commissioned last year by the Bingo Association to chart the effects of the closure of bingo clubs in Scotland and the Midlands, the newspaper said that it found that especially among older women players there was a "major 'social' effect."  more...
   
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Former Svenske Spel boss says state monopolies could be competitive in a deregulated European market
The 2008 European Gambling Briefing in London this week saw conflicting opinions expressed on the controversial issue of state gambling monopolies.

Whilst many delegates supported European Commission efforts to open up the gambling markets of those EU member nations with state monopolies, there were those - notably the Dutch - who opposed the abolition of such highly lucrative sources of state revenues.  more...
   

Should [land] tournament poker in private clubs be legal in Denmark or not?
A senior Danish court (Landsretten) legal decision that Danish [land] poker clubs be prohibited from running poker tournaments as a contravention of the Danish Criminal Code is to be reviewed by the country's Supreme Court following an appeal by Frederik Hostrup and the Danish Poker Federation, reports Poker News.  more...
   

Greater selection of tournaments and cash game options.
Spin32 Entertainment Ltd out of Cyprus launched it's Spin32Poker website on the Merge network in February this year, but is already introducing new innovations aimed at improving the player experience, with a greater selection of tournaments and cash game options.

The firm has launched Bounty Tournaments, a different way to play with Shootout Tournaments, plus an impressive Bad Beat Jackpot on specially labelled ring games. Bounty Tournaments reward players with extra cash for eliminating another player.  more...
   
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Montreal the venue for Next Generation conference
Operators can learn about the latest techniques to maximise marketing efforts, attract customers, build player loyalty and cement brand identity through new media-channel development at Clarion Gaming's "Next Generation in Gambling" conference. scheduled for July 29th and 30th at the Palais des Congres in downtown Montreal, Canada.  more...
   
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