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Christopher A. Krafcik Gaming Guru - Page 12Party Teases B-to-B on Forex, Poker Woes19 November 2008
Although PartyGaming reported flat revenue growth in the third quarter, year over year, the Gibraltar operator hinted that its nascent business-to-business arm is nearing deals with a number of prospects.
"We're very pleased with where we are," James A. Ryan, chief executive of PartyGaming, said on today's earnings call about current b-to-b activity. ... (read more)
Crypto Says Some Poker Clients to Pass on Gtech Move19 November 2008
CryptoLogic Ltd., the Dublin software developer, has confirmed that an undisclosed number of its current poker licensees will not be migrating to Gtech Corporation's International Poker Network.
"We've made public the fact that our focus is on casino, and that we are migrating our house brands -- ... (read more)
Acquisition Hints Accompany GigaMedia's Third-Quarter Results18 November 2008
On GigaMedia Ltd.'s third-quarter results today, Chief Executive Arthur M. Wang said his company is looking to take a majority stake in Infocomm Global Asia Holdings, an affiliate in which it has held a minority interest since 2006.
Infocomm, which offers subscription-based gaming services across ... (read more)
B-to-B Will Be Significant Medium-Term Contributor, 888 Says17 November 2008
Although quarter-on-quarter growth for 888 Holdings stalled in the third quarter, Chief Executive Gigi Levy said his company's business-to-business arm will become an increasingly large contributor over the medium term.
Net gaming revenue for the quarter came in at $65.8 million, up 23 percent against ... (read more)
Editor's Note: Philippines17 November 2008
Some readers may have seen headlines in the Philippine press regarding the Philippine government's interest in investigating the Internet-gambling-related activities at the RCBC Tower in Makati City.
IGamingNews wishes to inform readers that it is actively investigating the level of threat, if any, such ... (read more)
Morning Brief: Seeing Stars ... or Stripes?14 November 2008
The staff at IGamingNews is working diligently to bring you the latest information from Washington, D.C., and elsewhere on the Unlawful Internet Gambling Enforcement Act ahead of its effective date.
A quick look at the 121-page rule reveals one million hours will be spent to “develop and establish the ... (read more)
Norwegian Payments Ban Set for Nov. Vote13 November 2008
The Norwegian Parliament is set to debate and vote on a proposed payments ban on Nov. 28, IGamingNews has learned.
“The bill proposal is now in Parliament and it is expected that it will debated and voted on Nov. 28,” Rolf Francis Sims, the legal adviser to Norway’s Royal Ministry of Culture and Church Affairs, told IGN this morning by e-mail. ... (read more)
Crypto Books $5.8 Million Third-Quarter Loss13 November 2008
Shares in CryptoLogic Ltd. dipped 26 percent on Nasdaq in mid-afternoon trading after the company reported a $5.88 million net loss for the third quarter.
On paper, it's been a challenging year for the Dublin company. Although it has inked 10 licensing deals and, just yesterday, a landmark agreement to ... (read more)
Ladbrokes, Paddy Strong in E-Gaming Amid Troubled Economies13 November 2008
Paddy Power and Ladbrokes, the land-based and online gambling operators, reported growth in e-gaming amid declining consumer confidence conditions on both sides of the sea.
Paddy Power, whose core market, Ireland, swung into a recession in late September, revealed e-gaming gross win grew 15 percent in the 19 weeks to Nov. ... (read more)
Crypto Migrates Poker Licensees to IPN Network12 November 2008
As projected by IGamingNews, CryptoLogic Ltd. will migrate its poker operation to Boss Media A.B.’s International Poker Network -- the first in a series of deals one analyst thinks will result in a “super league” for European online poker.
"It’s obvious that these agreements would start to happen,” Simon J. ... (read more)
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