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Christopher A. Krafcik Gaming Guru - Page 26Nambling Notes | July 11, 200811 July 2008
FARING WELL Gaming VC Holdings, an online gambling operator in Luxembourg, revealed total revenue for the first six months of the 2008 fiscal year was up 15 percent on strong trading in its German casino business.
Revenue across its three main revenue-generative properties -- casino, poker and sports ... (read more)
Nambling Notes | July 10, 200810 July 2008
AT ODDS Two online gambling operators have initiated a challenge in the Federal Court of Australia, New South Wales Registry, against new legislation prohibiting them from advertising in New South Wales.
Specifically at issue is whether Sportingbet Australia and Betfair, both of which are based outside ... (read more)
Probability Reveals Strong Trading, Mobile to Outdo Online in Asia, Chief Says9 July 2008
Probability released a strong first-quarter trading update Wednesday, a performance which the company's chief executive, Charles P. Cohen, told Interactive Gaming News was driven by momentum in customer registrations and existing players.
The company, which trades on the London Stock Exchange, reported ... (read more)
Nambling Notes | July 9, 20089 July 2008
PERFECT STORM Warwick Bartlett, the lead partner of Global Betting and Gaming Consultants, said the economic hurdles facing land-based gambling operators have created "a perfect storm of business opportunity for the online sector."
Speaking at the Gaming Executive Summit in Madrid Wednesday, Mr. ... (read more)
Nambling Notes | July 8, 20088 July 2008
HEATING UP Goldman Sachs has upped its shareholding in Rank Group to 16.10 percent, a move which is sure to reignite bid talk as Guoco Group Ltd. last Friday increased its stake in the struggling operator to 17.08 percent.
Shares were indifferent to the move Tuesday and closed down 0.75 pence, or 1.12 ... (read more)
Party Shares Slip 10% on 'Slightly Disappointing' Update8 July 2008
PartyGaming, the online gambling operator, revealed the departure of Mitchell A. Garber, its former chief executive, will result in a one-time charge of $4 million.
The charge, related to Mr. Garber's May 2008 departure announcement, covers his release from a 12 months' notice period, as well as the ... (read more)
Market Briefs7 July 2008
Genting Deal Could Generate $5 Million for Playtech, Brokerage Says
Playtech Ltd., the London-listed software developer, has signed a licensing agreement with Genting Stanley Alderney Ltd., a deal one brokerage says could generate $2 million to $5 million in revenue for Playtech by the 2009 fiscal ... (read more)
GameAccount Scores 'Important' Deal with Blue Square7 July 2008
GameAccount Global Ltd., a skill games provider in London, on Monday inked a licensing deal with Blue Square, one Dermot Smurfit, GameAccount's chief operating officer, expects will be among the company's largest by revenue and liquidity for the 2008 calendar year.
"We are confident Blue Square will be as ... (read more)
Inspired Hits Record Low on £40 Million Placing Plans7 July 2008
Inspired Gaming Group, the server-based gaming specialist, has fallen to a historic stock-exchange low on plans to raise £40 million by way of a discounted share placing.
The placing's proceeds, the company said in its interim results Monday, will be used pay £20 million in cash costs associated with ... (read more)
Special: Bear Market Hits I-Gaming Stocks4 July 2008
It would appear The Bear has this week ferociously arisen from its den as London's Internet gambling stocks, no doubt abetted by Prime Minister Gordon Brown's Thursday announcement that difficult economic days lie ahead, have taken an absolute walloping.
William Hill, having announced the sale of its ... (read more)
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