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Christopher A. Krafcik Gaming Guru - Page 23Morning Brief: Mysteries of D.C.12 August 2008
With your morning coffee or afternoon tea.
When asked whether his recent visit to Washington, D.C., was at all related to the letters to Attorney General Michael B. Mukasey, Clive Hawkswood, chief executive of the Remote Gambling Association, told IGamingNews in an e-mail:
"I wouldn't say there is a ... (read more)
From the Editor's Chair | v. 2612 August 2008
Amid the summer doldrums when half the industry disappears on holiday, last week still managed to produce some weighty news items.
Perhaps the most eye-catching development was Ladbrokes' deal with Microgaming Software Systems Ltd. -- well, both the deal itself, and what it represents for the European online poker industry.
... (read more)
I-Poker Tie-Up Harbinger of Consolidation to Come?11 August 2008
While Ladbrokes revealed a 21 percent decline in first-half profits, the bookie's deal with Microgaming Software Systems Ltd. came as something of a show-stealer.
Ladbrokes, which, previously, had operated a standalone poker room on Microgaming software, announced Thursday that it would join the ... (read more)
Congressmen Write to Rein In Justice Dept.11 August 2008
Two United States congressmen have written Attorney General Michael B. Mukasey to request the Department of Justice suspend all prosecutorial and enforcement action against online gambling companies that targeted America prior to October 2006.
Robert I. Wexler and Stephen I. Cohen, Democrats of Florida ... (read more)
Tough Second Quarter Hits Crypto11 August 2008
As expected, second-quarter revenue for CrytpoLogic Ltd. dipped by 8.1 percent versus the previous quarter. While analysts are expecting a slow third quarter, the fourth quarter looks to be where the software developer's business may regain momentum.
Across the board, it was a challenging quarter for the Dublin company. ... (read more)
Morning Brief: Finance, Fitness and Facebook8 August 2008
With your morning coffee, afternoon tea or cheeky Friday flask pull:
The United States and its Caribbean neighbor, Antigua and Barbuda, have pushed their World Trade Organization settlement deadline back to Oct. 1, 2008. The two countries have been in negotiations since late January over the United ... (read more)
Morning Brief: Poker Partnerships to Proliferate?7 August 2008
With your morning coffee or afternoon tea:
Ladbrokes, the land-based and online gambling operator, has revealed first-half profits before tax of £134 million, with earnings before interest and taxes -- excluding £40 million from high rollers -- of £130 million. The company also announced that, from the ... (read more)
Morning Brief: Business Buzz5 August 2008
With your breakfast burrito or less interesting afternoon biscuit:
Sportech, the United Kingdom pools betting specialist, has revealed adjusted first-half pre-tax profits totaled £7.8 million, up 50 percent against the comparable period last year.
Progressive Gaming International Corporation on Monday ... (read more)
2008 'Make or Break' for Sportech5 August 2008
On the cusp of launching its much-anticipated New Football Pools brand, Sportech revealed first-half adjusted pre-tax profits of £7.8 million, up 50 percent against the comparable period last year.
Gross win revenue from the company's core pools betting business rose £8.3 million, or 37 percent, to £30.3 ... (read more)
From the Editor's Chair | v. 255 August 2008
In case you took a well-deserved holiday last week:
The Department of Justice struck again. Whether we'll ever know definitively whose $24 million that was will likely remain a mystery. While court documents strongly suggest a link to Bodog Entertainment Group, the facts remain elusive.
That the seizure came as any surprise is, in my opinion, surprising. ... (read more)
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