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Bradley Vallerius Gaming Guru - Page 3Playtech KPIs Exceed Expectations4 March 2008
Gambling software developer Playtech's financial report for its second full year of trading as a public company shows that all key performance indicators exceeded targets. Revenue grew to $103.6 million, net profits improved to $70 million, and some very impressive feats were accomplished in ... (read more)
$3.3 Mill Spent Lobbying I-gaming Policy in US, 2nd Half '073 March 2008
According to Congressional records, Internet gambling legislation attracted approximately $3.3 million in lobbying at the federal level during the second half of 2007.
The grassroots Poker Players Alliance (PPA) was the largest spender, budgeting $1.2 million to federal lobbying efforts throughout the period. ... (read more)
High Court Judge OKs Calvert to Amend Negligence Claim27 February 2008
One week into the case, a High Court Judge has permitted Graham Calvert to amend his negligence claim against William Hill.
Calvert now seeks personal injury damages in addition to his original claim for compensation of the £2.1 million he lost gambling with William Hill after putting himself on a self-exclusion list.
... (read more)
Harrah's Posts $47.8 Million Loss in Q427 February 2008
Harrah's Entertainment has posted Q4 2007 losses of $47.8 million -- largely the result of a $169.6 million pre-tax write off of certain intangible assets, including the London Clubs International purchase.
Revenues remained healthy, growing 8.1 percent to $2.63 billion on the quarter. Annual revenues hit $10.8 billion, an increase of 11.9 percent over 2006. ... (read more)
Senators say Proposed UIGEA Regs Require Further Guidance26 February 2008
Earlier this month Republican Senators John Sununu of New Hampshire and Pete Domenici of New Mexico co-signed a letter to the heads of the U.S. Treasury and Federal Reserve urging that proposed banking regulations for the Unlawful Internet Gambling Enforcement Act (UIGEA) be supplemented with further guidance.
... (read more)
Insights: The US-Antigua WTO Settlement18 January 2008
Antigua has emerged as the victor in the books, but most professionals in the interactive gambling industry are disappointed with the outcome. Some once dreamed the case would open the United States to regulation, but the settlement seems too small to harm the States and the country appears to have found a ... (read more)
Streaming: A Good Bet for Bookmakers17 January 2008
Some European bookmakers have begun streaming live sporting events on their Web sites by using a service called watchandbet.tv. The events are ones that punters typically can't catch on terrestrial TV, and they've been having positive effects on turnover and customer acquisition.
In 2008 watchandbet.tv will stream over 3,000 live sporting events to bookmaker clients. ... (read more)
Editorial: Who's Your Horse?15 January 2008
Who is your favorite candidate for U.S. president? Why? Is it because of his or her stance on Internet gambling? Well actually, none of them has declared a stance on Internet gambling. But really, how important is the issue to you in the grand scheme of things?
If you're part of the American electorate, it probably doesn't register on your radar. ... (read more)
A Look Back at 200711 January 2008
See also:
Top Stories of 2006
The Best and Worst of 2006
A Glance at 2007
January
January 2 - PartyGaming buys Empire Online's assets.
January 3 - Italy awards interactive gambling licenses.
January 11 - Pinnacle withdraws from the U.S. market.
January 16 - Neteller founders are charged with money laundering in United States.
... (read more)
AIM's First in 15: AsianLogic10 January 2008
London's Alternative Investment Market has just seen its first I-gaming float since before America passed the UIGEA. The bold company behind the float -- Hong Kong-based AsianLogic Limited -- sold shares for 112p on Dec. 28 and raised a total of £40.7 million. Tightly bound to Playtech, the company steers clearly away from the U.S. ... (read more)
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