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Christopher A. Krafcik Gaming Guru - Page 11

Christopher A. Krafcik
 
 

'Man-to-Man Marking' on V.I.P.s Paying Dividends for Sportingbet

1 December 2008
As Sportingbet moves away from mass recruitment of players to focus on corralling V.I.P.s, the company grew that segment -- which accounts for 55 percent of total margin but just 3 percent of its customer base -- by 32 percent in the first quarter of the 2009 fiscal year. Chief Executive Andrew McIver ... (read more)
 

Q.& A. | Ronald D. Martin

1 December 2008
We caught Ronald D. Martin, the chief executive of Neovia Financial, which, until recently, traded as Neteller, amid a busy day. The technologically savvy Mr. Martin, whom we discovered is an unwitting lightning rod for travel delays (just ask his management team) was keen to discuss the ups and downs ... (read more)
 

Neovia Bolsters Prepaid on Pickup from Struggling IDT Corp.

1 December 2008
Updated on Dec. 2; adds brokerage comment Neovia Financial has agreed to acquire the European prepaid financial services division of IDT Corporation, a diversified holding company that has lost 94 percent of its share value on the New York Stock Exchange in a very tough year to date. The purchase ... (read more)
 

AsianLogic Forecasts Trimmed, Sportingbet First-Quarter Sequential Growth Anticipated

26 November 2008
Although Collins Stewart has trimmed forecasts for AsianLogic Ltd. on Monday’s profits warning, Sportingbet’s house broker, Daniel Stewart & Co., has projected strong sequential momentum in sports betting on the eve of first-quarter results. Paul Leyland of Collins Stewart is projecting adjusted profits ... (read more)
 

CBS Exposé, Cereus Launch Share Headlines

26 November 2008
UltimateBet and Absolute Poker, the disgraced online poker operators, on Tuesday launched a new, joint poker network called Cereus -- the same day, coincidentally, that CBS News announced “60 Minutes” would broadcast its anticipated exposé of cheating scandals at both sites. The Cereus network was first ... (read more)
 

Partouche Presses ahead Online, Government Mum, Lawyer Says

26 November 2008
As promised, Patrick Partouche, the flamboyant French casino proprietor, has launched a real-money Internet poker offering that one lawyer says has yet to draw any enforcement action from the French government. "Indeed, as announced, Partouche has gone online for money," Anouk Hatab-Abrahams, a lawyer with the Brussels branch of Ulys, told IGN in an e-mail. ... (read more)
 

AsianLogic to Curtail Credit Betting, Issues Profit Warning

25 November 2008
Having scaled back its low-margin but turnover-generative credit betting operation, AsianLogic Ltd. has said it is unlikely to meet forecasts for the full year. The company, which offers land-based and Internet gambling services in the Far East, relied on credit betting to generate approximately 90 percent of its revenue, Chief Executive Thomas A. ... (read more)
 

Financial Week in Review | Nov. 23

24 November 2008
As third-quarter results season kicked into full swing, the 20 e-gaming stocks surveyed by IGamingNews were down 4.09 percent. GigaMedia Ltd., which reported a 7 percent decline in sequential consolidated income, fell 24.2 percent on Nasdaq this week, but Ladbrokes, which released a relatively upbeat ... (read more)
 

Mobenga Does First Deal in Italy

24 November 2008
Mobenga, the Swedish mobile technology company, has done its first deal in Italy with Atlantis Bet s.r.l., a licensed sports betting operator and retail proprietor, to develop a mobile gambling portal. Christian Rajter, the chief executive of Mobenga, told IGamingNews that the Atlantis Bet portal will be ... (read more)
 

Bwin Bucks Sequential Poker Lull

20 November 2008
Although building poker momentum from the second quarter into the third has been troublesome for a number of I-gaming operators this year, Bwin Interactive Entertainment A.G. grew net revenue from poker by 10 percent, sequentially. "Our investment in brand is paying dividends, and we are gaining market ... (read more)

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Christopher A. Krafcik
Christopher A. Krafcik