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Christopher A. Krafcik Gaming Guru - Page 28Narrow Vote Quashes Clarity on UIGEA26 June 2008
The United States moved no closer to unequivocally defining "unlawful Internet gambling" as an amended bill requiring regulators to draft such a definition was defeated by the narrowest of margins Wednesday.
In its original form, HR 5767, the Payment Systems Protection Act, would have prevented the ... (read more)
Nambling Notes | June 25, 200825 June 2008
UP Numis Securities, a brokerage in London, has issued a "buy" note on 888 Holdings, after the Gibraltar company announced a strategic partnership deal with Sportech yesterday.
The five-year deal sees 888 supply software, back-end and marketing services to Sportech.
"We are increasing our 2009 PBT ... (read more)
Breaking News: Partisanship Prevails in Vote on U.S. Bil25 June 2008
Divided sharply along party lines, members of the House Financial Services Committee voted down the Payment Systems Protection Act.
The bill, sponsored by Barney Frank, Democrat of Massachusetts, and Ron Paul, the libertarian Texas Republican, would have prevented the Treasury Department and Federal ... (read more)
SJM Holdings Takes Second Crack at I.P.O.24 June 2008
Sociedade de Jogos de Macau Holdings Ltd., a casino operator part-owned by Stanley Ho Hung-sun, will go ahead with a $500 million initial public offering in Hong Kong after scrapping plans for a $1 billion float in February.
SJM Holdings is marketing 1.25 billion new shares at 3.08 Hong Kong dollars to ... (read more)
Nambling Notes | June 24, 200824 June 2008
BUSTED A former employee of BetonSports, the defunct Internet sports betting operator, was arrested in Philadelphia Sunday and is accused of participating in an online identity-theft ring.
Patrick Kalonji, 27, is charged with stealing private identity information of approximately 150 people from, ... (read more)
Market Briefs23 June 2008
Playtech Acquisitive with £112 Million Share Placing
With an eye on funding future acquisitions, Playtech Ltd., the London-listed software developer, raised £112 million via a share placing Tuesday.
The placing -- 21.6 million shares at 520 pence, or $10.14, a share -- was carried out by Collins ... (read more)
U.S. Bill Draws Strong Criticism Before Markup23 June 2008
A United States bill targeting the Unlawful Internet Gambling Enforcement Act is scheduled to be amended by the House Financial Services Committee next Tuesday, a process which has already drawn criticism from professional sports leagues and religious conservatives.
Representative Barney Frank, the ... (read more)
Nambling Notes | June 23, 200823 June 2008
IN DUE COURSE The Kahnawake Gaming Commission, whose licensee, UltimateBet, was embroiled in a cheating scandal last month, has ordered the online operator to refund all players affected by the security breach.
"The Commission has determined that the accounts under investigation did, in fact, have an ... (read more)
Amended U.S. Bill Seeks Express Definition of 'Unlawful Internet Gambling'23 June 2008
If enacted, new language for the Payment Systems Protection Act, a United States bill scheduled to be amended this week by the House Financial Services Committee, would force regulators back to the drawing board to determine the express definition of unlawful Internet gambling.
In its current form, the ... (read more)
Before Markup, U.S. Bill Draws Strong Criticism20 June 2008
A United States bill targeting the Unlawful Internet Gambling Enforcement Act is scheduled to be amended by the House Financial Services Committee next Tuesday, a process which has already drawn criticism from professional sports leagues and religious conservatives.
Representative Barney Frank, the ... (read more)
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