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Christopher A. Krafcik Gaming Guru - Page 14U.K. Consumer Downturn Hits Neteller's Netbanx Europe31 October 2008
Neteller, the soon-to-be-renamed Internet commerce group, has reported top-line growth and an uptick at the EBIT level during the third quarter, but revenue from its European payments gateway stalled, in part, on exposure to waning consumer confidence in the United Kingdom.
Third-quarter revenue came in ... (read more)
Seasonality Rebounds, Forex Movements Concern Analysts30 October 2008
As many companies prepare to release third-quarter results, some of I-gaming’s biggest names have been downgraded by brokerages in recent weeks.
After relaunching its poker platform approximately a month ago, PartyGaming saw a marked increase in traffic – average players were up from 4,000 to 5,000 -- on reinvigorated marketing, bonus spend and seasonality. ... (read more)
Probability Shares Up 23% on Profitable Half30 October 2008
Probability, the mobile gambling specialist, has reported maiden net profits of £103,000 on revenue of £2.6 million for the half year ending Sept. 30.
Net margins came in at 3.9 percent against losses of £599,000 during the previous-year period. Gaming revenue during the second quarter, £1.37 million, ... (read more)
Justice Dept. Fires back in Imega Case30 October 2008
After a United States trade association filed briefs last month challenging the constitutionality of the Unlawful Internet Gambling Enforcement Act, the Department of Justice yesterday returned fire.
The Interactive Media Entertainment and Gaming Association has brought its case against the UIGEA to the ... (read more)
888 Forecasts Lowered amid Share-Value Decline29 October 2008
Since Oct. 20, shares in 888 Holdings have taken a significant downward turn relative to those of the company's listed peers. One City analyst today posited that 888's traffic levels are adequate, but customers are wagering at levels lower than anticipated.
"According to industry sources, the expected ... (read more)
France's Controlled Opening Inches toward Realization28 October 2008
As lobbyists, gambling industry execs and parliamentarians gathered in Paris last week to discuss the liberalization of the French Internet gambling market, the country's budget ministry announced draft reform legislation is still expected before yearend but observers are not hopeful that licenses will be ... (read more)
German Legal Situation 'Ludicrous,' Bayern Chief Says28 October 2008
As rumors of a 1.5 million euro shirt sponsorship between Unibet and Valencia C.F. swirl in the Spanish media, Bwin Interactive Entertainment A.G. has again thrown its hat into the thorny sponsorship ring of Germany.
According to the German media, Bwin has done a shirt-sponsorship deal with Bayern Munich, ... (read more)
Morning Brief | Recession Touching Poker Industry27 October 2008
For many of us, the financial climate of late has been unsettling. But as certain members of the gambling industry adopt "recession-resilient" as their new mantra, poker, we think, is among the first I-gaming industry sectors feeling the pinch.
In recent weeks, we reported that Chan Poker, Duplicate Poker, Playwize, and Lasseters have shut down. ... (read more)
Fleet Street Faces Closure on 'Chaotic Economy'27 October 2008
Fleet Street Games, a subscription-based online poker site, will close on Oct. 31 after the nascent company revealed a "chaotic economy" had adversely affected its business.
"When we launched Fleet Street Games, we fully expected that we could weather a reasonable amount of time until we had the volume of ... (read more)
After Costly Period, Devilfish is Growing24 October 2008
Back in March, when the word "recession" had but one foot out from behind the curtain, Devilfish Gaming went to market. While the small-cap company was hurt by transfer and flotation expenses for the year to June 30, seven months after its I.P.O. metrics suggest Devilfish Gaming is growing.
The company, ... (read more)
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