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Christopher A. Krafcik Gaming Guru - Page 24Rank Reveals 'Litany of Woes'31 July 2008
First-half revenue for Rank Group, the Maidenhead land-based and Internet gambling operator, fell nearly 10 percent on tough tax rates, a slowdown in consumer spend and lower casino and bingo admissions.
Against the first half of 2007, group operating profit fell by 39.7 percent to £28.9 million with like-for-like revenue down 10.3 percent. ... (read more)
Crypto Shares Rattled on Tough Trading Update31 July 2008
CryptoLogic Ltd., the software developer, lost 10 percent of its London share value Thursday after announcing second-quarter revenue is likely to be impacted negatively by seasonality and the 2008 UEFA European Football Championship.
"The company expects its revenue for the second quarter of 2008 to be ... (read more)
Whose $24 Million Was That?31 July 2008
IGamingNews has secured copies of the court documents covering Wednesday's news on seized money that is believed to belong to Bodog Entertainment Group.
The documents, filed with Federal District Court in Maryland, do not definitively connect but rather strongly suggest the $24 million in seized funds are ... (read more)
From the Editor's Chair | v. 2429 July 2008
Another big week for the Internet gambling industry, where success is measured in nanometers rather than millimeters.
Thabo Mbeki, South Africa's president, finally put pen to paper on the National Gambling Amendment Bill. While implementation of the bill has been delayed, the bright and shiny way to ... (read more)
AsianLogic, C Y Foundation Take Aboveboard Online Offering to P.R.C.29 July 2008
AsianLogic Ltd., the Hong Kong land-based and online gambling operator, has done a deal with C Y Foundation Group Ltd. to launch an online, player-to-player games network targeting mainland China.
With Chinese gaming and gambling regulations having been described to IGamingNews as fickle by one commentator who has worked in the region, AsianLogic's chief executive, Thomas A. ... (read more)
Market Briefs28 July 2008
Probability Turns toward Profitability
Probability, the London mobile gambling operator, finished 2007 profitably on reduced losses and strong growth in gaming revenue -- a year Chief Executive Charles P. Cohen called "transformational."
Net gaming revenue, which comprises the majority of the company's ... (read more)
Probability Turns toward Profitability25 July 2008
Probability, the London mobile gambling operator, finished 2007 profitably on reduced losses and strong growth in gaming revenue -- a year Chief Executive Charles P. Cohen called "transformational."
Net gaming revenue, which comprises the majority of the company's total revenue, was up 152 percent to ... (read more)
Nambling Notes | July 24, 200824 July 2008
PRODUCTS PRODUCTS Microgaming Software Systems Ltd. has launched its Cashapilla slot, an Australian pokie slots variant offering 100 paylines.
Meanwhile, PartyGaming, the Gibraltar operator, has announced a four-year licensing agreement with StudioCanal Image of France to develop film-themed slots ... (read more)
Trading Turnaround Continues for 32Red23 July 2008
Having lost 41 percent of its share value in the year to date, 32Red of Gibraltar quietly gained 8.5 percent Wednesday on the back of an upbeat first-half trading update.
Total gaming revenue came in at £6.6 million, up 26 percent against the previous-year period and 32 percent against the second half of ... (read more)
ISWI Treading Fine Financial Line22 July 2008
Interactive Systems Worldwide Inc., a New Jersey I-gaming software developer, has revised its licensing and support agreement with Mexico's Hipodromo de Agua Caliente, raising fresh questions about the company's long-term financial stability.
In the original agreement, inked in August 2006, ISWI agreed to supply Caliente's betting shops with in-running betting services. ... (read more)
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