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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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| 23 AUGUST 2007 : HEADLINES |
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Elliott Kernohan upbeat about the development work behind proposed new law
Contrasting sharply with yesterday's attack on the National Gambling Amendment Bill by Casino Association of South Africa and Tsogo Sun chairman Jabu Mabuza (see previous InfoPowa report), the legal counsel for international gambling group Betfair gave the research work on the proposed Bill a thumbs up this week in an interview with MoneyWeb.
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London cops get tough with "piggybackers"
Many Internet users, both within and outside the online gambling milieu, keep pace with advances in technology that add convenience and versatility to their activities. Such a facility is the use of home wireless networks that enable users to work or move around the home with their hardware...but there's a risk attached as recent prosecutions in London, England have shown.
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New entertainment site uses betting to enhance entertainment
Launching in Beta format this week is an innovative concept called BluBet.com, a website that encourages users to bet on an unlimited set of topics to win kudos and virtual currency called BluBucks.
BluBet boasts a dream team of backers headed by the co-founder of the video sharing YouTube concept, Jawed Karim and including Kevin Hartz (co-founder of international money transfer service, Xoom), Joe Greenstein (co-founder of Flixster) and Keith Rabois (former PayPal & LinkedIn executive and current Slide executive).
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Now Total E Soft gets in on the white label action
You could be forgiven for thinking that the online gambling market was already saturated with far too many low-end and unidentifiable white label casinos, and certainly the player community seems unimpressed by the concept which has its player dangers. But that has not stopped the latest entrant into the market, Total E Soft from pressing ahead.
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Media Corp sells off top domained site and other Internet casino and poker room interests
Online gambling games developer and turnkey provider Cryptologic is starting to spend some of its impressive capital reserves on Internet gambling acquisitions, and this week announced a deal with Media Corp plc for the purchase of the popular gaming portal Casino.co.uk and related Internet casino and poker room assets.
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Six months results to end June 2007 released
Focusing on the European and Asian market sectors after its traumatic run-in with the US Department of Justice earlier this year (see previous InfoPowa reports) the Isle of Man based e-wallet Neteller published its six months results to the end of June 2007 this week. Highlights of the report included:
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Land gambling association recommends back to the drawing board
The proposed South African legislation to regulate and license online gambling in the country has run into more opposition - this time from the influential land casino industry, represented by the Casino Association of South Africa which has described the proposed law as "inadequate" and recommended that far more research and drafting is required.
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Multimedia firm 3UK partners with Hands On Mobile to distribute new mobile game
Mobile games developer Hands On Mobile has chosen multimedia company 3UK as its partner in the British launch of World Poker Tour's multiplayer mobile game "WPT Texas Hold 'Em 2"
The game's UK launch signifies the first time a free play, multiplayer WPT game will be accessible to European poker buffs.
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Significant demand for television advertising has been building
New UK government rules for the advertising of gambling services (see previous InfoPowa reports) have been generating increased interest by gambling companies and could be about to give the UK broadcasters a welcome financial boost.
From the first of next (September) month television advertising in particular will be more open although still subject to content and screening time constraints. And there are apparently plenty of firms looking to take advantage of the opportnity to showcase their services.
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Bolcerek steps down, and a move across country to Washington DC
The poker pressure group Poker Players' Alliance has announced some far-reaching moves just ahead, with President Michael Bolcerek resigning to concentrate on business interests in San Francisco.
He will be succeeded by John Pappas (see previous InfoPowa reports) in an executive director capacity whilst former Senator Alfonse D'Amato remains chairman.
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Betfair players on the final WSOPE table will be sponsored for three years
Betfair, the presenters of the inaugural World Series of Poker Europe next month will be rewarding one of its players handsomely if he or she makes the final table of the Main Event. The prize? Sponsored support into the event for the next three years.
The Threedom Pass has been a part of our live tournament offering for
two years now but this is the most valuable offer yet, said Betfair's Head of Poker Ben Fried.
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Negreanu in new venture
Las Vegas poker ace and energetic entrepreneur Daniel Negreanu is involved in a new educational venture with the mobile entertainment company I-play.
The collaboration has resulted in the creation of a series of instructional 'made for mobile' poker videos. Players can download the quality productions to almost any type of phone, and the service will be available on several selected carriers. Branded "Win at Texas Hold'em," the series was launched earlier this week on both the Sprint and Cingular mobile networks in the United States.
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| 22 AUGUST 2007 : HEADLINES |
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Peter Coates's Bet365 made political donation of GBP 150 000 to Labour Party
The Independent newspaper in Britain reports that Gordon Brown's ruling Labour Party has accepted a donation of GBP 150 000 from the online betting company Bet 365.com despite the government's recent apparently harder line on gambling and land casinos generally.
The newspaper claims the donation by the betting company was in the quarterly figures on party donations published by the Electoral Commission, and led to opposition charges of hypocrisy over stopping the spread of problem betting.
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Second quarter report shows declines in active players but better revenues
Swedish public company Betsson has published its interim
second quarter report for the period January 1 - June 30, 2007 showing an increase in the traditionally weak quarter of 147 percent in net sales at SEK 155.7million - up from SEK 63 million on the same period last year. Operating profit increased to SEK 47.2 (-12.8) million, an improvement on the loss of SEK -12.8 million last year.
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| 21 AUGUST 2007 : HEADLINES |
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Did Washington State and Louisiana officials collude on gambling charges?
The results of yesterday (Monday) afternoon's extradition hearings on Betcha.com owner Nick Jenkins and two colleagues were not available at press time today and will be reported in due course, but in the meantime Jenkins's blog at http://www.betcha.com/Blogs has disclosed what appears to be some alarming collusion between Washington State and Louisiana officials.
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Player protection and standards body applauds accent on outcome based testing
Andrew Beveridge, CEO of eCommerce and Online Gaming Regulation and Assurance (eCOGRA) expressed support this week for the UK Gambling Commission's recently published testing approach for online gambling software.
The player protection and standards body chief says his organisation is especially pleased that the Commission has recognised the validity of outcome based testing principles and methodology.
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Key resignations follow suspension of trading on company's shares
Beleaguered UK sportsbetting group Interactive Gaming Holdings plc took more damage this week with the disclosure to the London Stock Exchange authorities that directors Mitchell Petchenik (Executive VP) and Robert Spriddell (Non-Executive Director) have resigned effective immediately.
In a statement dated 20 August, IGH executive chairman and founder Thomas Taule said that effective immediately the company has ceased to take bets on its Heathorns and Premierbet sites pending clarification of the financial uncertainty notified on 17 August 2007 (see previous InfoPowa reports).
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$395 905.44 payday for CrazyZachary
The fifth Full Tilt Online Poker festival ended with a big splash of cash over the weekend as the winner of the Main Event was decided. Player CrazyZachary was the man in the money with a spectacular main prize of $395 905.44.
Sunday was the peak day for FTOPS 5 as over $3.8 million dollars changed hands between the final two events. Event 12, hosted by international poker ace Phil Ivey, was Full Tilt's first ever two-day event and its $2 620 buy-in was the biggest yet for the FTP series.
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AGM faced with confidence by Neteller management
Monday 20 August was annual general meeting day for the Isle of Man based e-wallet Neteller, now emerging from a damaging 7 month tussle with the US Department of Justice (see previous InfoPowa reports) which froze the accounts of US clients and precipitated the exit of the company from the US and Canadian markets.
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Epicure Ventures and 24hPoker Holdings AB merge
Two of the more prominent brand names in Scandinavian poker have agreed to merge into one major online gambling industry entity this week. Epicure Ventures Ltd and 24hPoker Holding AB have signed a letter of intent to merge the two companies� poker operating brands into one new company, which will be responsible for the operation and marketing of the 24hPoker.com, Martinspoker.com and Staffpoker.com brands.
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Powered by Cryptologic, WPT's new jewel is on time and on budget
World Poker Tour launched its new online casino, powered by Cryptologic which also powers its poker operations, this week.
CryptoLogic chief executive Javaid Aziz said: "For CryptoLogic, WPT's new casino site builds on a great partnership that brings together one of the biggest names in gaming with one of the biggest names in e-gaming software. It's exciting to see casino and poker together on this very popular site. Together, we're providing an exceptional entertainment experience to players worldwide."
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Extradition proceedings today
Latest on the Betcha.com issue (see earlier InfoPowa reports) is that owner Nick Jenkins and his two employees have been released on bail.
Posting on his blog, Jenkins says the issue on which he was arrested last week concerns $35 worth of bets between Louisiana independent and adult bettors which took place on his P2P website and yielded him a mere 70 cents in revenue.
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Only weeks to go before Europe's biggest poker spectacle kicks off in London
The world�s most prestigious poker tournament, the Las Vegas-based World Series of Poker, is extending its international reach this year by launching the inaugural World Series of Poker Europe presented by Betfair.com.
WSOP Europe is scheduled to debut in London between 6-16 September 2007. The new poker series will be held at three casinos operated by London Clubs International � Fifty, The Casino at The Empire and the Sportsman.
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But the old man takes the title....
The weekend saw the final table of the National Poker League's UK Open Championship play out, with father and son Peter and Josh Gould competing for the GBP 2 600 buy-in Main Event champion's honours with close initial chip counts of 63 000 and 57 000 respectively.
But all's fair in love and poker, and the older Gould busted son Josh along with Darren Woods and Jeff Buffenbarger on his way to the winner's prize.
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Lawyer Nick and webbie staff face extradition
The state of Louisiana in the United States was in the online gambling headlines again as the week closed with a report from The Daily Advertiser that Louisiana State Police troopers have arrested three Seattle men for allegedly operating an illegal gambling Web site branded Betcha.com.
Presumably the inter-state action took place in Washington State and was prearranged by Washington and Louisiana state authorities, although this was not yet clear as we went to press. The men are being held at an unknown location in Seattle, Washington and it is not known whether bail was set, although The Daily Advertiser report does confirm that extradition proceedings to transfer the three men to Louisiana to face charges have been initiated.
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AT&T launch "Texas Hold'em 2007"
Poker ace and 11 World Series of Poker bracelet winner Phil Hellmuth is the big draw in a new mobile Texas Hold 'em poker service being offered to AT&T clients, and soon to be provided to Verizon customers as well.
Texas Hold�em fans can go head-to-head with the high profile pro by downloading Texas Hold�em 2007 with Phil Hellmuth.
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Troubled sportsbook group cites financial difficulties
In a move this week that several industry observers found unsurprising, the sportsbook group Interactive Gaming Holdings (IGH) has suspended trading on its shares on the London AIM, citing financial problems.
In a statement explaining the decision, founder and executive chairman Thomas J. Taule, said it has become evident to the company that the GBP 400 000 of interim funding to be provided by General Capital Venture Finance Limited (see previous InfoPowa reports) that was announced on 15 August 2007 will not be received as originally expected. No reason was given for this.
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The Bojo Game - all you need for your own virtual home casino
New on the scene from Montreal-based independent virtual games developer The Bojo Group is a new Canadian computer card game and Internet casino simulation program for home use.
Bojo says that the software will go on sale as a download around Saturday, August 25. The developer claims that the game is the newest entrant in the burgeoning casual computer games market, expected by industry analysts to gross more than $1.3 billion this year alone� more than a five-fold increase in sales since 2002 when the young industry sold more than $200 million worth of casual games.
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