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Christopher A. Krafcik Gaming Guru - Page 33Playtech at 'Front of Industry' on Record First-Quarter Revenue7 May 2008
After nearly doubling first-quarter revenue against the previous-year period, Mor Weizer, chief executive of Playtech Ltd., said the company will continue its bullish push for new licensees after signing nine in 2008 alone.
Revenue for the period ending March 31 totaled $39 million -- a record -- up 97 percent versus $19.1 million in the first quarter of 2007. ... (read more)
Nambling Notes - May 5, 20085 May 2008
The Local, an English-language, Sweden-based online daily, reports the Culture Committee of Sweden's Moderate Party has called for the abolition of the government's gambling monopoly "in order to make way for new forms of cultural support." The paper says the committee's six members of Parliament argue that ... (read more)
PartyGaming First-Quarter Revenue up 21% (Update 1, GBGC Comment)4 May 2008
PartyGaming, the online gambling operator, said it was confident about its full-year prospects after revealing a 21 percent rise in first-quarter revenue.
Group revenue growth was driven primarily by a strong performance in casino, with revenue up 45 percent to $43.5 million from $30.1 million in the year-ago period. ... (read more)
Nambling Notes - May 1, 20081 May 2008
PartyGaming, the online operator, revealed a 21 percent rise in revenue in the first quarter of 2008 to $128.9 million from $106.2 million during the year-ago period. The company's shares, however, shed 5 percent Wednesday as analysts projected lackluster full-year growth in light of its disappointing start to the second quarter. ... (read more)
Federal Judge Recommends Kaplan's Tax Evasion, Obstruction Charges Be Dropped30 April 2008
Gary S. Kaplan, the jailed founder of BetonSports, notched his first victory in federal court Wednesday as a federal magistrate judge in St. Louis, Mo., recommended the U.S. government drop charges of tax evasion and obstruction.
The judge, Mary Ann Medler of Federal District Court, found that wagers ... (read more)
Nambling Notes - April 29, 200829 April 2008
Betsson AB, the Sweden-based online gambling operator, revealed a 54 percent increase in first-quarter revenue to 227.8 million Swedish kronor, or $37.8 million, from $24.6 million in the year-ago period. Active customers were up 43 percent to 153,000 against the fourth quarter of 2007. Income, before and ... (read more)
Nambling Notes - April 28, 200828 April 2008
Guoco Pty Ltd., the investment arm of Hong Leong Group Malaysia, on Friday upped its stake in Rank Group from 9 percent to 10 percent. Since its September 2007 profit warning, Rank has remained a steady subject of takeover speculation. In late March, Genting Berhad, the Malaysia-based investment arm of ... (read more)
Nambling Notes - April 24, 200824 April 2008
The Remote Gambling Association, a U.K-based industry body, said this week that the European Commission's investigation into the selective enforcement of gambling law by U.S. authorities is "picking up pace." In an internal circular to RGA members, Clive Hawkswood, the association's chief executive, ... (read more)
William Hill Resilient in Retail, 'Lagging' in Online24 April 2008
While in the first 16 weeks of the year William Hill has shown surprising resilience in retail, the company's interactive division continues to struggle in a market already saturated with well-established, tech-savvy operators.
Gross win across the company was up 5 percent "against strong prior year comparative numbers" -- a gain it said was in line with expectations. ... (read more)
Q & A: Paul J. Barnes22 April 2008
Following its March I.P.O. and licensing agreement with Entraction Holding, Devilfish Gaming is off to an ambitious start as a publicly traded company.
Paul J. Barnes, the company's chief executive, spoke with Interactive Gaming News about his motivations for going public, views on the European regulatory climate, operational philosophy amid a global economic recession and more.
... (read more)
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