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Bradley Vallerius Gaming Guru - Page 14  No Deal with PartyGaming - Empire Would Rather Sue than Sel21 November 2005
The growing conflict between PartyGaming and its holdout skin, Empire Online, reached a boil today, with Empire rejecting Party's acquisition bid and a possible lawsuit looming.
The rejected offer came in at 60p per share, which would value the company at about £175 million (US$300 ... (read more)
Kyl Could Be Vulnerable in '0620 November 2005
The next Congressional elections in the United States are still one year away, but some of the races can already be identified as key battles in the Democrats' hopes of reclaiming Congress. Among them is the fight for the senatorial seat occupied by Arizona Republican Jon Kyl, the man who has attempted to ... (read more)
Olympic Sportsbook Is Free to Operate in Jamaica17 November 2005
Jamaica's Betting Gaming and Lotteries Commission was forced to abandon its case against online betting company Olympic Sports Data Services, operator of Olympic Sportsbook (www.thegreek.com), and its managing director, Spiros Athanas, after its main witness failed to show up in court last week.
All eight ... (read more)
Empire Limbo: How Low Can You Go?16 November 2005
PartyGaming has followed its decision to segregate the players of its skins clients from the main PartyPoker network with what now appears to have been its plan all along. The company has essentially absorbed two of the four skins into the PartyPoker network and completely severed ties with another. ... (read more)
PartyGaming Confirms Empire Acquisition Bid4 November 2005
PartyGaming, the world's largest online poker room operator, on Thursday confirmed that it has bid to acquire Empire Online, whose EmpirePoker site funnels new players to PartyGaming through a partnership agreement.
Both companies are stressing that negotiations are only in a preliminary stage and are, ... (read more)
888's 3Q a Smashing Success2 November 2005
A tremendous third quarter for 888 Holdings Plc could go a long way toward solidifying investor confidence in the extraordinarily volatile I-gaming market.
The Gibraltar-based online gambling group disclosed in a trading update Tuesday (just over a month after its float on the London Stock Exchange) that ... (read more)
PartyGaming Trading Update: All Is Wel21 October 2005
PartyGaming Plc this morning provided a trading update in which it revealed that revenues for the third quarter remained in line with expectations--despite the reported downturn in July and August. The company also reports that the moving of PartyPoker.com to a standalone platform has already led to better-than-anticipated results. ... (read more)
Maltese Declassification20 October 2005
The Malta Lotteries and Gaming Authority (LGA) is doing away with its classification system for online gambling licenses. The shift is the LGA's response to changes in games and business models in the I-gaming space and will be ordered through amendments to the country's Remote Gaming Regulations of 2004. ... (read more)
A Pivotal Time for Betfair18 October 2005
Key policy decisions soon to come in Europe and Australia will have a major impact on the future for British betting exchange Betfair. Perhaps the single most important event on the company's radar screen will occur at home, where it is waiting to learn whether the U.K. Treasury will enact a higher tax rate on betting exchanges (a decision that could be revealed as early as November). ... (read more)
A Shot in the Arm from Sportingbet13 October 2005
On the heels of a positive annual report from Sportingbet, share prices for I-gaming companies have rebounded somewhat from a slide that took place early in the week.
Chief among Sportingbet's financial highlights for the year ended July 31, 2005 is an almost fivefold increase in pre-tax profit to £40.8 million, compared to £8.3 million for the previous year. ... (read more)
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