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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.
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| 22
OCTOBER 2007 : HEADLINES |
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In their first clash in court, neither side gets what it wants
Bodog Entertainment Group, S.A. and 1st Technologies LLC lawyers had their first clash before a Nevada judge this week in their now 7 week old dispute over alleged patent infringments, which led to Bodog being deprived of its domains and whacked with a $49 million default judgement (see previous InfoPowa reports).
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Can Bodog's founder risk a personal appearance in the Unites States?
1st Technologies LLC is apparently not content to let matters rest as a perceived draw in its $49 million patents scrap with the Bodog online gambling group (see previous InfoPowa reports) New legal tactics appear to have been deployed with the objective of getting Bodog founder Calvin Ayre to make a US appearance - clearly a risky business given the aggressive mood of the US federal authorities when it comes to online gambling executives.
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Harmonisation of regulations may be difficult to achieve, but the pressure is on for operators
The growing necessity for online gambling operators to commit to serious licensing jurisdictions with real regulatory requirements was again evident in several key presentations at the European iGaming Congress and Expo held recently in Barcelona.
With competition soaring in the European arena following the move away from the legality-ridden and confusing problems of operating in the United States, the need for acceptable standards and licensing has never been stronger, says Andrew Beveridge, CEO of eCommerce and Online Gaming Regulation and Assurance (eCOGRA).
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More support for Barney Franks' attempt to regulate online gambling in the USA
The latest American politician to join the fight against the unpopular Unlawful Internet Gambling Enforcement Act by signing on as a co-sponsor for Congressman Barney Franks's HR 2046 Internet Gambling Regulation and Enforcement Act is Representative Steve Cohen.
Representative Cohen hails from the Memphis - Shelby County in the state of Tennessee and becomes the 39th sponsor of a move to license, regulate and tax online gambling in the United States which has been slow to gather momentum but continues to gather political support.
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Danbook, Europlay Malta and VIX Casino take CasinoModule on board
Hard on the heels of last week's announcement that UK online gambling group BestGames had signed up for its CasinoModule product (see previous InfoPowa report), Swedish turnkey provider Net Entertainment has announced that three more licensees have signed on.
The company�s new partners are Danbook, Europlay Malta and VIX Casino, and bring the number of license agreements signed by Net Entertainment this year to 13.
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Quite a lot, if it's Wall Street.com....
Once an online gambling domain name, "Wallstreet.com" could raise millions for its present owners if an upcoming auction is successful, reports the Financial Times.
Experts told the UK newspaper this week that the domain could raise as much as $10 million - well up from it's previous record price back in 1999 of $1 million. While Wall Street.com was a stand-alone online gambling venture, the site never quite made the impact that was widely anticipated upon its purchase.
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Despite all the pre-auction hype, domain bids fail to meet reserve price
With experts, auctioneers and analysts alike speculating on a new record price for an auctioned domain, there was keen interest in the offers on WallStreet.com when it went up for sale this week (see previous InfoPowa reports)
But disappointingly the highest bid that auction house Monicker.com received for the domain - once an online casino - was only $3 million, which failed to meet the reserve price range of $4-$5 million. The asset was last sold for around $2.3 million, it is believed.
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Carmen Media's latest venue seems to have the right mix
Less than two months after opening its doors to German online casino players, Carmen Media's new 49c Jackpot City Online Casino is apparently wooing thousands of players with state of the art flash technology, extensive games and high rewards for very low risks.
The new 49c Jackpot City Online Casino is online gaming group Carmen Media's latest Internet gaming innovation. It offers players significant jackpots in return for bets ranging from a mere 1 cent to a maximum Euro 0,49. And the new maximum stake enables 49jackpotcity.de to be legally advertised in Germany.
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Harvard takes a cerebral look at a great game.
Poker aces like Howard Lederer and Crandell Addington will be sharing their thoughts with some intellectual powerhouses this week at Harvard University's newly formed Global Poker Strategic Thinking Society (GPSTS) panel.
On the table: How poker skills translate into life skills, the first in a series of several such explorations planned by the Society. Also on the agenda is an examination of the World Trade Organisation dispute on Internet gambling and its consequences for the United States in a financial, commercial and global reputation sense.
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American foreign relations and trade credibility at stake
Expert panelists at a trade forum this week leveled harsh criticism at the US, focusing on a trade clash between the US and Europe over Internet gaming. The panel believes that the US could be liable for up to $US 100 billion in trade concessions to international industries as the issue heads toward a World Trade Organisation arbitration.
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Confirming rumours that have been swirling for the past three weeks, L&G looks elsewhere
Leisure & Gaming plc, the online betting and gaming group has terminated takeover discussions with CGTV Games Ltd with immediate effect, the firm has announced to the London market.
Originally Canadian-based, CGTV was reportedly interested in acquiring L&G (see previous InfoPowa report), a prospect that surprised many observers given the rumours concerning the software company which have been swirling around the industry for the past three weeks. GCTV acquired the troubled Gambling Federation group last year.
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Cantor Gaming provides the power
Cantor Gaming staffers at the recent EiG Expo in Barcelona hinted at a major online casino launch for a UK company in the near future (see previous InfoPowa report) and they were good as their word - Pub-casino.co.uk went operational this week, owned by the giant British pub and entertainment group Punch Taverns.
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Betcha.com trio are back in Seattle
Betcha.com owner Nick Jenkins and colleagues Josie Imlay and Peter Abrahamsen are back in Seattle on bond having surrendered themselves to the Louisiana state authorities (see previous InfoPowa report) earlier this week. A court date for their appearance in Louisiana on "illegal gambling by computer" felony charges has been set for January 3 2008.
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The Void disqualified as WCOOP champion
It's taken two weeks, during which rumour and debate has swirled around the poker sites and fora, but this week PokerStars has acted on allegations of irregularities in the activities of 'TheV0id', who won over a million dollars in prize money during the recent World Championship of Online Poker main event.
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'Online gambling giant enters the Internet sportsbetting arena
888.com CEO Gigi Levy hinted at it in his opening address to the EiG conference in Barcelona recently, and this week it has come to fruition - the entry of the Gibraltar-based online gambling giant into the Internet sportsbook arena in Italy.
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More details are now available on our report that 888.com has gone live with an online sportsbook offering in Italy (see previous InfoPowa report)
888.it to expand quickly
888.it has been launched in conjunction with Italian market specialist Cogetech, and is 888�s first foray into the market since it gained a license in October last year from the Italian regulator AAMS.
The website is restricted to sports-betting (though not horse-racing for the time being) and skill games, though further products may be added should the Italian regulator allow it.
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Weekly cash prizes of up to GBP 25 000 a feature
British pub quizzes are about to get a 21st-century makeover through an interactive television service starting next month, reports the Times Online.
Cash Inn, an interactive television quiz channel for pubs that can count comedian Jasper Carrott amongst its backers, is set to launch next month. Broadcasting every Sunday night, it will offer weekly cash prizes of up to GBP 25 000, with Laurel and Spirit, two of the UK�s biggest pub groups, reported to have agreed deals to receive the service.
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Crippled company gains access to Antigua-Barbuda funds
Bloomberg business news reports that Betonsports plc, the British Internet sportsbook that pleaded guilty to a US racketeering conspiracy charge, may be able to pay off some creditors after a court in Antigua and Barbuda unfroze the company's assets in that country this week.
The court lifted an order barring the removal of any Betonsports' funds from the Caribbean nation, according to court papers filed in St Louis federal court in the United States. The London-based company pleaded guilty May 24 and agreed to furnish evidence against its founder, Gary Kaplan, and 11 co-defendants.
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Euro 537 000 payday makes Barcelona a warm memory
Playing a canny but low profile game, and starting with one of the lower chip stacks, poker pro Markus Lehmann did not at first look like a winner at the World Poker Tour Spanish Championship in Barcelona this week....but the Austrian came from behind to show them how it was done, taking home the Euro 537 000 top prize.
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Further hearing scheduled in Geneva this week
The bureaucratic process involving fair compensation for WTO nations that have been impacted by the withdrawal of the United States' treaty obligations on gambling rumbles on, with the news that further hearings will take place later this week in Geneva.
Antigua's Minister of Finance Dr. Errol Cort told the Antigua Sun newspaper that he is waiting on the outcome of the first session of a WTO hearing in Geneva which is scheduled for this Thursday before fixing a meeting at the US Trade Representative�s office.
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World Poker Tour business coup could have far reaching implications
In a historic day that marked the evolution of Traktor Poker, or Tuo La Ji, from traditional folk game to an officially recognised Sport by the China Leisure Sports Administrative Center (CLSAC), the World Poker Tour (WPT) China National Traktor Poker Tour (see previous InfoPowa reports) crowned its first Provincial Champions this week in Lanzhou, Gansu Province.
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Serious loss, but latest results show an impressive fight-back from last year's US debacle
Sportingbet�s full-year results published this week showcase an impressive fight-back from the US debacle last year which saw the UK listed online gambling group lose significant American business (estimated at up to 75 percent) when it left that market (see previous InfoPowa reports) Despite that, the company has still managed to post an operating profit in the year to the end of July.
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No contest statement entered in illegal gambling promotion charge
World Series of Poker ace Richard Lee will have to pay a heavy price for his alleged involvement in the promotion of illegal gambling in San Antonio - $2.2 million - as part of a plea bargain he has reached with San Antonio prosecutors, reports local media this week.
Lee pleaded �no contest� Tuesday to a charge of illegally promoting gambling in San Antonio, the result of dramatic police raids and confiscations last year (see previous InfoPowa reports).
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World Series of Poker ace Richard Lee will have to pay a heavy price for his alleged involvement in the promotion of illegal gambling in San Antonio - $2.2 million - as part of a plea bargain he has reached with San Antonio prosecutors, reports local media this week.
Lee pleaded �no contest� Tuesday to a charge of illegally promoting gambling in San Antonio, the result of dramatic police raids and confiscations last year (see previous InfoPowa reports).
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Mobile gambling service provider in Cellectivity group extends bookie's reach
Bet2Go, the Brit odds comparison and mobile betting services provider has added the UK bookmaker Better to its list of clients, where it joins companies like Ladbrokes, Sportingbet, Paddy Power, Blue Square and Victor Chandler in making its products more widely available through the Bet2Go platform .
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The most important thing for online poker players to know is that nothing has changed, says Professor Rose
The highly respected online gambling legal expert, Professor I. Nelson Rose has strongly criticised the recently published regulations supporting the U.S. Unlawful Internet Gambling Enforcement Act, which seeks to disrupt financial transactions with online gambling companies.
Professor Rose, who's site Gambling and the Law.com is a popular venue for visitors seeking legal information and views, comments that the most important thing for online poker players to know is that nothing has changed. "And nothing will, for many, many months," he claims.
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Endorsed by ten time WSOP bracelet champ Doyle Brunson, it's back to business for online poker room
It wasn't that long ago that dismayed US online poker fans witnessed the departure from the US market of the popular poker room Doyle's Room.com when its network exited the sector in the wake of the Unlawful Internet Gambling Enforcement Act. This week the news was more upbeat - Doyle's Room is back.
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Fruit of an agreement signed in February reaches Swedish state gambling monopoly
NYX Interactive's agreement earlier this year with Svenska Spel International, the Swedish state gambling monopoly, for delivery of an Internet gaming system to the Lithuanian national operator, WinLoto has borne fruit.
"In a climate of increasing competitiveness, Svenska Spel continues to evaluate its position on the Swedish market. Being competitive requires innovation, speed, flexibility and a constant stream of news. Together with NYX Interactive, we shall create these conditions for the long haul." said Mikael Franzen, VP Svenskaspel.se in a press release marking the delivery this week of interactive and other games from NYX.
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Another move to exploit the online horseracing carve-out in US legislation
Mobile gambling is hardly new, but betting on horse races is so far an untapped source of revenues from mobile phone bettors. The New York Racing Association is looking to change that and has plans to start using a new application called mWager to allow Windows Mobile users to place race bets on their cellphones, reports Newsday.
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Millionaire bingo could be a big hit
2waytraffic International has teamed up with the online games and betting company Ladbrokes for the exclusive launch of Who Wants To Be A Millionaire? branded online bingo.
The game will be featured as one of the three bingo rooms on Ladbrokes� bingo portal, Ladbrokes Bingo.com and has been designed to reflect all aspects of the popular Who Wants To Be A Millionaire?, combining traditional bingo game play with elements of the show�s format and mechanism. The voice of host Chris Tarrant stars as the bingo caller, and the game�s jackpot structure mirrors the Millionaire? money tree, allowing rewards for a greater number of players than the usual bingo jackpot structure.
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