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Christopher A. Krafcik Gaming Guru - Page 21Morning Brief: Department of Questions (Update 1)28 August 2008
888 Holdings, the Gibraltar operator, has reported year-over-year growth of 36 percent in total net gaming revenue during the first half, bolstered by strong performance in its emerging offerings, which include bingo and sports betting.
The results earned "buy" recommendations from analysts with Dresdner ... (read more)
GigaMedia Offloads Legacy Biz for $20 Million28 August 2008
GigaMedia Ltd., the Taiwan software developer, has today unloaded its legacy cable and Internet service provider business -- a long-in-coming move analysts think will have little near-term impact on the company's shares.
The deal, done with China Network Systems Company, a cable television service ... (read more)
Insights | Social Conservatism Wins the Day?28 August 2008
With the fickle Republican Platform Committee seemingly at odds -- if only momentarily -- over whether to include anti-Internet-gambling language in the party platform, we asked J. Daniel Walsh, a leading Internet gambling lobbyist in Washington, D.C., whether the language's inclusion or exclusion was really all that significant to begin with.
... (read more)
Emerging Offerings Catalyze 888 Growth28 August 2008
888 Holdings today revealed a 36 percent first-half rise in total net gaming revenue against the previous-year period, driven primarily by strong performance in the company's emerging offerings.
So-called emerging offerings -- a revenue segment covering bingo, sports betting, live-dealer casino and other products -- grew 660 percent to $19 million year over year. ... (read more)
Morning Brief: Gibbering and Learning27 August 2008
In a telephone interview with IGamingNews this morning, Edward J. Ware, the chief executive of 32Red, said the following of the company's nigh two-year Betdirect debacle:
"Very disappointing -- but there's two ways to deal with it, isn't there? You either lick your wounds and become a gibbering wreck the ... (read more)
Casino Is King for 32Red27 August 2008
32Red, the Gibraltar online operator, continues to right the ship following last December's timely sale of Betdirect, having logged a strong first half on growth in its flagship casino business.
Casino revenue came in at £6 million -- out of total revenue of £6.6 million -- up an impressive 31 percent ... (read more)
Market Briefs25 August 2008
Betting Boosts Bwin's Bottom Line
Bwin Interactive Entertainment, the Vienna operator, revealed second-quarter net revenue of 104.7 million euros, up 39 percent against the previous-year period.
Net gaming revenue -- a metric measuring revenue from the company's sports betting, poker, casino and games offerings -- rose 32.7 percent to 88 million euros versus the second quarter of last year. ... (read more)
Morning Brief: Center of Rumor22 August 2008
With your morning coffee or afternoon tea:
With rumor swirling about a potential sports betting tie-up between GigaMedia Ltd. of Taiwan and Centrebet International Ltd. of Australia, here's what we're hearing:
"I’ve seen a couple reports that have speculated that it’s Centrebet," one analyst told IGamingNews in an e-mail Friday. ... (read more)
Morning Brief: Brokers, Bears, Bulls and Biz21 August 2008
Daniel Stewart & Co., the London brokerage, has published a sector note that posits Playtech Ltd., 888 Holdings and Neteller among the top online performers in the 2008 fiscal year.
On Playtech: "At 20x FY08E earnings currently, should we be holders still? While the multiple is clearly aggressive, we ... (read more)
Betting Boosts Bwin's Bottom Line21 August 2008
Bwin Interactive Entertainment, the Vienna operator, revealed second-quarter net revenue of 104.7 million euros, up 39 percent against the previous-year period.
Net gaming revenue -- a metric measuring revenue from the company's sports betting, poker, casino and games offerings -- rose 32.7 percent to 88 million euros versus the second quarter of last year. ... (read more)
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