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Christopher A. Krafcik Gaming Guru - Page 15Playwize 3-D Tech Up for Grabs, Buyer Unknown23 October 2008
In recent weeks online brands like Lasseters and Duplicate Poker have been forced to pull the plug -- that trend continued today with Playwize, the gaming software developer, calling it quits after a brief run in the I-gaming industry.
Playwize, formerly known as Bits Corp, got its start in the 1990s ... (read more)
Corporate Raider Enlarges Stake in Woebegone Inspired22 October 2008
Evolution Securities yesterday brokered sale of 11.8 percent of Inspired Gaming Group's ordinary shares, and while the party behind the sale has yet to be confirmed, market rumor has that it is Stodir h.f., the troubled Icelandic investment company.
As of Inspired's 2007 results, Stodir, formerly known as ... (read more)
CryptoLogic Reshaping Poker Business21 October 2008
While CryptoLogic Ltd.'s online poker network has lost further momentum with the departure of William Hill and, less significantly, World Poker Tour Enterprises Inc., the Dublin software developer, in response, plans to rally 'round its core casino products and anticipates a collaborative deal on poker that ... (read more)
Hills, Playtech in 'Transformational' Deal20 October 2008
William Hill has acquired affiliates and assets from Playtech Ltd. in a deal that sees the United Kingdom bookmaker significantly expand the breadth of its recovering online gaming business.
"Our future, as I keep saying, is in betting and gaming," Ralph J. Topping, chief executive of William Hill, said emphatically at a presentation for analysts this morning in London. ... (read more)
Going Private in the Cards for Rank?17 October 2008
Rank Group, the land-based and remote gambling operator, revealed total revenue has fallen in the 41 weeks to Oct. 12, but continued stake-building by its largest shareholder raises questions on whether the company will be taken private.
Results have been mixed this fiscal year for Rank. Although total ... (read more)
Full-Year Adjusted Margins Up Threefold for Sportingbet15 October 2008
Despite logging a £4.3 million loss for the year, Sportingbet, the online sports betting and gaming operator, saw its shares rally 7.1 percent today after revealing growth in net gaming revenue and adjusted operating profits.
Net gaming revenue -- which contains the London company's sports betting, casino and poker streams -- came in at £147 million, up 23 percent against the prior year. ... (read more)
U.S. Site Duplicate Poker Discontinues Operation13 October 2008
Despite a 28 percent rise in revenue across September and a database of 250,000 players, Duplicate Poker, an online poker site legally serving American residents in all but 12 states, has discontinued its operation on ambiguous troubles with its bank.
"We have no idea," Daniel Flamberg, the company's ... (read more)
Probability Reveals 10% Rise in Second-Quarter NGR13 October 2008
In a second-quarter trading update, the mobile gambling operator Probability revealed a 10 percent rise in revenue quarter on quarter -- growth the company's chief executive told IGamingNews was driven by new games and advertising relationships with mobile networks like Three and T-Mobile.
Net gaming ... (read more)
Analysis | Dust Off, Ye American Bulls13 October 2008
The recent introduction of the Skill Games Licensing and Control Act by Senator Robert Menendez of New Jersey provides fecund ground for a speculative discussion of the American Gaming Association's orientation toward Internet gambling.
Mr. Menendez's bill, briefly, would create a licensing and regulatory ... (read more)
Guoco: Buying in until a Bottom Is Reached?13 October 2008
Guoco Group Ltd., the investment arm of Hong Leong Group Malaysia, has once again upped its shareholding in Rank Group, the troubled land-based and online gambling operator, to 23.19 percent.
Guoco now controls 90.5 million of Rank's ordinary shares, which, Monday, were trading at 55.5 pence -- just 3.5 ... (read more)
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