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Christopher A. Krafcik Gaming Guru - Page 45MECN Assesses the Impact of US Policy31 October 2006
A recent Media Entertainment Consulting Network (MECN) survey offers some insight into the mindset of an industry beset by a hazy legal and regulatory ethos, plummeting stock prices and internal divisiveness.
"I have to say that there is no way around the challenges we are facing. ... (read more)
A Divided Industry Enters the Prohibition Era19 October 2006
"I do think that more private company operators are now going to take U.S. money. If you're going to take U.S. money, and you want to work on this, you have to put your money up, because we financed everyone 'til today. Now, I think there's going to be a shift in responsibility, while we continue to take responsibility."
- Mitch Garber PartyGaming
H.R. ... (read more)
The Infancy of Prohibition - Who's In, Who's Out16 October 2006
President George W. Bush on Friday signed the U.S. Safe Port Act and, by extension, the accompanying Unlawful Internet Gambling Enforcement Act of 2006, and I-gaming companies today continued to bleed green. Some companies, with an untimely twist of the tourniquet, sold off their U.S.-facing operations and ... (read more)
Q & A: Microgaming13 October 2006
Software developer Microgaming has experienced its share of success in its 12-year history, developing the first online casino in 1994, and, in the ensuing years, becoming an effective fixture in the I-gaming industry. IGN caught up with Microgaming executives to discuss the secrets behind the company's longevity, the status of its current endeavors, and what direction it intends to take. ... (read more)
Postmortem Strategizing6 October 2006
As the I-gaming community draws the collective curtain on the first week of the prohibition era, grassroots organizations like the Poker Players Alliance (PPA) and the recently unveiled National Right for Online Gaming (NROG) are regrouping, learning from this latest tussle with U.S. lawmakers in preparation for their next.
... (read more)
Nine Months to Figure It Out5 October 2006
When the U.S. Congress clamped down on Internet gambling last weekend, the waters became particularly muddy for payment processors, resulting in the emergence of a double-sided issue:
(i) the question of whether (and how) processors like Neteller and FireOne will continue processing online gambling transactions originating from the United States. ... (read more)
I-Gaming Companies React to US I-Gaming Ban3 October 2006
Several leading I-gaming companies today released official statements regarding the status of their operations after prohibitive Internet gambling legislation passed quietly through the U.S. Senate over the weekend.
After losing 56 percent of its share value on Monday, online gambling company PartyGaming announced today it will scrap its interim dividend, due to be paid out Oct. ... (read more)
I-gaming Stocks Tumble After U.S. Senate Passes Prohibition2 October 2006
Shares across the I-gaming industry plummeted on the London Stock Exchange today following prohibitive Net gambling legislation that passed the United States Senate over the weekend.
As a result of the U.S. clampdown, shares of three of the industry's prominent operators-- PartyGaming, Sportingbet and 888 Holdings--dropped severely, eliminating an estimated $7 billion of the market value. ... (read more)
CryptoLogic Unveils 'Global Strategy for a Global Industry'28 September 2006
Amid the recent busts of British and Austrian I-gaming executives and the general shakeup rattling the industry, online gambling software provider CrytpoLogic has pulled up stakes, heading to the friendlier legislative confines of Ireland in January to further its growing international operation.
"CryptoLogic's business is increasingly centered in Europe," CEO Lewis Rose explains. ... (read more)
Editorial: The PPA Has the Right Idea, But Are They Getting the Job Done?26 September 2006
About a month ago, I was assigned to cover the Poker Players Alliance, specifically its campaign to inculcate new members with the onus of protecting and preserving what is termed their game.
About 48 hours before that, I was hired to write for IGN.
Let me be the first to invite any and all criticism this editorial incites. ... (read more)
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