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Christopher A. Krafcik Gaming Guru - Page 3On Rumored Garber Appointment, Harrah's Says There's 'Nothing to Announce'15 April 2009
Harrah's Entertainment Inc. told IGamingNews Wednesday that it would not comment on this week's rumor that Mitchell A. Garber, former chief executive of PartyGaming, had been appointed to lead its new online-focused subsidiary.
"As a company we don't respond to rumors and speculation," a company spokesman said by e-mail. ... (read more)
U.S. Land Operators Not Champing at Online Bit, Analyst Says15 April 2009
Should Barney Frank’s Internet gambling legislation be introduced, then enacted, one American gaming analyst doesn’t expect most members of the United States’ land-based gambling industry to jump immediately at the opportunity to launch online.
In an April 2 note, Joel Simkins of Macquarie Research said ... (read more)
Former PartyGaming Chief to Head Harrah's Online Spinoff?14 April 2009
Mitchell A. Garber, former chief executive of PartyGaming, will reportedly join Harrah's Entertainment Inc. as head of its new online operation after Lucky Me, the casino giant's ill-fated Internet endeavor in the United Kingdom, flopped in 2004.
News of Mr. Garber's appointment was first reported by The Sunday Times of London. ... (read more)
It's Official: Party, Feds Do $105 Million Deal7 April 2009
Editor's note: After this article was published Tuesday, in graph 13, " . . . the company's decision to admit criminal wrongdoing . . . " was changed to " . . . the company's decision to admit criminal wrongdoing by some of its third-party suppliers . . . "
Ending nearly two years of negotiations, ... (read more)
Insights | 105 Million Reasons to Cheer?7 April 2009
Two years and $105 million later, PartyGaming and the United States government -- as a clearly cleverer editor at Forbes magazine put it Tuesday -- are now playing nice.
Indeed they are.
Readers need only compare the press releases for David Carruthers' recent plea deal and Party's settlement to grasp ... (read more)
Intralot Partners with Party for Italian Online Poker6 April 2009
Greece's Intralot S.A. has become the newest entrant in Italy's booming online poker market, and the company told IGamingNews Monday it will launch with PartyGaming, its network services provider, in a "few weeks' time."
In the first two months of 2009, poker overtook sports betting as Italy's top ... (read more)
Frank Shooting for Late-April Introduction2 April 2009
Barney Frank, chairman of the House Financial Services Committee, told The Hill Wednesday that he plans to introduce a standalone Internet gambling regulatory bill this month after the upcoming two-week congressional recess.
Mr. Frank, whose April 2007 Internet Gambling Regulation and Enforcement Act ... (read more)
GigaMedia in Talks over Possible Merger or Sale2 April 2009
On its fourth-quarter results this week, GigaMedia Ltd. announced it was in negotiations with parties it didn't identify over a possible merger or sale.
"With a view to maximizing shareholder value, we are now in discussions with several interested parties concerning the possibility of a strategic merger or sale," Arthur M. ... (read more)
Carruthers' Guilty Plea Goes over Neutral on London Stock Exchange2 April 2009
When David Carruthers was arrested in July 2006, London-listed online gambling firms lost approximately £300 million in value, but following Mr. Carruthers' guilty plea in a United States federal court Wednesday, the news appears to have gone over neutral with investors.
Between Wednesday -- when Mr. ... (read more)
Poker in the Far East | Continued1 April 2009
This is the second installment of IGamingNews' two-part interview with Thomas A. Hall, the chief executive of AsianLogic Ltd.
How difficult is it to exploit televised poker in Asia as a marketing
channel?
Gambling on TV is heavily restricted in Asia. There's very few countries, other than the Philippines, where you can actually show poker on television. ... (read more)
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