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Christopher A. Krafcik Gaming Guru - Page 6Playtech in Licensing Deal with Marvel; Crypto Not Surprised3 March 2009
Playtech Ltd. on Tuesday announced a licensing deal with Marvel Entertainment Inc., and the company's rival and long-time Marvel licensor, CryptoLogic Ltd., told IGamingNews it was not surprised by the move.
"Where CryptoLogic has led, it’s not surprising to see others follow," Brian H. Hadfield, the chief executive of Crypto, said by e-mail Tuesday. ... (read more)
Sportingbet Embroiled in Legal Beef with Former Spanish Marketing Partner3 March 2009
Sportingbet has confirmed with IGamingNews that the conditions of its split with a former marketing partner in Spain are being challenged by that partner at the London Court of International Arbitration.
In an e-mailed statement Tuesday, Miguel A. Gallardo, whose firm, Gallardo Abogados, is representing ... (read more)
Online in Driver's Seat at Paddy, But Concerns over Retail Remain2 March 2009
Paddy Power's online division drove growth during 2008 fiscal year, with operating profit up 33.8 percent to 42.8 million euros.
Group operating profits came in at 75.7 million euros, of which the online division comprised 57 percent -- up markedly from 44 percent in 2007.
The company, which derives ... (read more)
Aziz on the Hook for Breach of Contract, Crypto Says23 February 2009
After this article was published, comments were added from Javaid Aziz, CryptoLogic and Roth Capital Partners.
After CryptoLogic Ltd. last week called Javaid Aziz's request for an extraordinary general meeting "disruptive" and "ill-timed," the company accused Mr. Aziz Monday of being in material breach of ... (read more)
Crypto Board Opposes Aziz's Call for EGM19 February 2009
After nearly three months of public push and shove between Javaid Aziz and the board of directors at CryptoLogic Ltd., the board Thursday was highly critical of Mr. Aziz's request for an extraordinary general meeting for shareholders.
In an e-mail to CryptoLogic's directors Wednesday -- part of a filing with the United States Securities and Exchange Commission -- Mr. ... (read more)
AsianLogic Says Capex to Rise 'Significantly' in 200919 February 2009
AsianLogic Ltd., the land-based and online gambling operator, said Thursday that income levels will remain consistent in 2009, but that capital expenditure is likely to rise "significantly higher than in previous years."
"Like many in the sector, the Company trades in a challenging environment where ... (read more)
Unibet Turns in Profitable Year but Ends on Loss-Making Fourth Quarter18 February 2009
Unibet, the Swedish online betting and gaming operator, revealed a £900,000 post-tax loss in the fourth quarter and said that unlike its Scandinavian competitor, Betsson A.B., it would not be doing business in Turkey.
"We have looked at Turkey in depth," said Petter Nylander, the company's chief executive, at a presentation for analysts in Stockholm Wednesday. ... (read more)
Perspectives on DOJ Settlements | It's Safe to Assume Nothing16 February 2009
One of the most intriguing issues in Internet gambling now, we think, is the Justice Department settlements -- mostly because nobody (including us) knows what the heck's going on.
A little background for those unfamiliar with this issue: Some publicly traded Internet gambling operators are in settlement ... (read more)
Betsson Bulls Undeterred by Turkish Exposure13 February 2009
With Sportingbet having significantly reduced its dependence on the Turkish market, Betsson A.B., by contrast, said on its fourth-quarter results Friday that operations there are going strong.
Pontus Lindwall, the company's bespectacled, bullish chief executive, said at a Stockholm analyst presentation that ... (read more)
Aziz Not a Factor in C.T.O. Cut, Crypto Says12 February 2009
After this article was published Wednesday, one comment from Javaid Aziz was added Thursday morning.
CryptoLogic Ltd. said Wednesday that its decision to cut the chief technology officer's post was not influenced by its former chief executive, who in December secured an activist shareholding and called ... (read more)
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