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Christopher A. Krafcik Gaming Guru - Page 4132Red Offloads BetDirect, Releases Interim Results30 October 2007
Nearly a month's worth of speculating ended today as 32Red, on the delayed release of its interim results, announced it has agreed to offload its BetDirect business to Stan James for £5.75 million.
The company said £575,000 would be deposited on the exchange of contracts today, with £4.675 million on completion, which is unconditional and scheduled for Dec. ... (read more)
888 Reports Strong Third Quarter30 October 2007
Online operator 888 released Q3 KPIs this morning highlighting a 37 percent jump in net gaming revenue (NGR) to $52.5 million versus Q3 '06.
888 Chief Executive Gigi Levy said he was pleased with the results, adding that NGR for the quarter rose 5 percent higher than the previous three-month period. ... (read more)
Unibet's Nylander Detained on French Warrant23 October 2007
Unibet CEO Petter Nylander was on Monday detained by Dutch authorities under an arrest warrant issued by French authorities.
Unibet said that the arrest stemmed from proceedings filed in 2006 by the state-owned tandem of Française des Jeux (FDJ) and Pari Mutuel Urbain (PMU), alleging certain of Unibet's ... (read more)
Absolute Breached by 'Trusted Consultant'22 October 2007
New information has surfaced with regard to the hazy internal goings-on of Absolute Poker (Absolute), currently under investigation by the Kahnawake Gaming Commission (KGC) following allegations of fraud and collusion that began on the 2 + 2 poker forum in late September.
On Friday Absolute reneged on ... (read more)
bwin to Bid for Holding in Austria's Lottery Monopoly19 October 2007
Austria-based bwin has confirmed reports that it will make a run for Bawag P.S.K.'s (Bawag) 36 percent holding in Austria's lottery monopoly.
"As one of the leading online gaming companies, we can't just stay on the sidelines if there is something happening right in front of our noses," Konrad Sveceny, bwin's head of investor relations, told IGN this morning. ... (read more)
Betex De-Listed, Senior Staff Still Detained18 October 2007
In a note to the London Stock Exchange this afternoon, Betex, the Asia-facing lottery and gaming company, said its shares will be de-listed from AIM effective tomorrow.
Trading in the group's shares has been suspended since April 18, per its request, after two of its senior, Bejing-based staff were detained by Chinese authorities in the province of Jilin. ... (read more)
KGC to Investigate Propriety of Absolute Poker17 October 2007
Following the emergence of allegations concerning the propriety of Absolute Poker's operations, the Kahnawake Gaming Commission (KGC) said it intends to investigate its privately-held licensee.
In a written statement issued this afternoon, the KGC indicated that it will employ an independent third party, ... (read more)
888 Launches Sports Book in Italy16 October 2007
After securing Italian online betting licensure last year, online operator 888 has launched its first sports book offering in the newly-liberalized Italian market.
"When Italy offered licenses, we basically took one," 888 Chief Executive Gigi Levy told IGN. "We think that the regulation there is going ... (read more)
Norway Undecided on Payments Ban11 October 2007
Recent talk of a payments ban in Norway has been confirmed, though little is known as it appears, for now, there is little to tell.
Roughly two weeks ago, a report appeared in Norwegian daily Aftenposten wherein Trond Giske, the country's minister of culture and church affairs, indicated that the ministry ... (read more)
Betcha Three Hand Themselves over to Louisiana Authorities11 October 2007
Three members of Seattle-based Betcha.com flew to Louisiana Wednesday and handed themselves over to authorities.
Lee Rousso, a Renton, Wash.-based attorney, is representing the "Betcha Three," of which the site's founder, Nick Jenkins, technician Josie Imlay and systems administrator Peter Abrahamsen are part. ... (read more)
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