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Christopher A. Krafcik Gaming Guru - Page 8PAF Faces Uncertain Future in Finnish Market2 February 2009
A decade-old dispute between the Finnish government and Ålands Penningautomatförening, a gambling operator licensed on the autonomous province of Åland Islands, reached a boil last week as Finland's prosecutor general threatened legal action citing the operator's ongoing violation of Finland's Lotteries ... (read more)
Financial Week in Review | Jan. 3030 January 2009
British Sky Broadcasting turned in the sector's strongest performance this week, up 21.51 percent at close of business Thursday.
The company, which released half-yearly results Wedenesday, reported a 6 percent rise in revenue against the same period a year ago. However, Sky Bet -- which received just a ... (read more)
Probability Takes Turn on P-to-P26 January 2009
Probability, the mobile gambling specialist, has launched a new player-to-player gaming platform that its chief executive says makes apt use of the latency inherent in wireless communication.
The Zaphod platform -- named after the two-headed character in Douglas Adams' 1978 science fiction radio play "The ... (read more)
Bulls, Bears Weigh In on Playtech's Fourth-Quarter Performance22 January 2009
On Playtech Ltd.'s fourth-quarter trading update Thursday, London's analysts brought to attention both the company's propensity for growth and the largely obscure drivers underlying it.
Playtech, which went public in March 2006, has outpaced other listed software suppliers since the Unlawful Internet Gambling Enforcement Act took effect in October 2006. ... (read more)
In Afterglow of Obama Inauguration, Caution Is the Word, Lobbyists Say21 January 2009
Two United States I-gaming lobbyists say the jury remains out on how and whether the new Obama administration will engage with the historically thorny issue of Internet gambling.
It is with guarded optimism that the industry looks toward the next four years in the United States. But the last decade has ... (read more)
Breaking: Kentucky Appeals Court Prohibits Enforcement of Domain-Name Seizure20 January 2009
IGamingNews has learned that the Kentucky Court of Appeals, in a decision filed Tuesday, has prohibited the Franklin County Circuit Court from enforcing its order to seize 141 domain names of Internet gambling operators.
The full story to follow.... (read more)
Industry Wins 'Major Victory' in Kentucky, Lawyer Says20 January 2009
The Kentucky Court of Appeals has decreed that an Internet gambling domain name does not constitute a gambling device under state law -- meaning, for now, over 100 domain names under threat of seizure will remain beyond the reach of the Kentucky government.
The dispute, initiated by Kentucky's Justice and Public Safety Cabinet on behalf of Governor Steve Beshear, began in September 2008. ... (read more)
Crypto Sidesteps Row with Former C.E.O.16 January 2009
On a conference call with investors Thursday, CryptoLogic Ltd. made clear it would be discussing its return to profitability -- not an ongoing row with its former chief executive, Javaid Aziz.
Brian H. Hadfield, current chief executive of CryptoLogic, said the company would not be "distracted" from ... (read more)
Standalone Way to Pay, for Bwin, Could Go Either Way15 January 2009
Although Bwin Interactive Entertainment A.G. could neither confirm nor deny the possibility of spinning off its payments business as a standalone, the company told IGamingNews its Cactus-branded prepaid cards will, in the coming weeks, launch in the United Kingdom.
"We are examining all of our options, ... (read more)
Slight Hit on Quarterly Income Fails to Sink Probability's Battleship14 January 2009
Probability reported a slight dip in quarter-on-quarter gaming income but announced a new licensing deal with Hasbro, one of the world's largest toy makers.
Charles P. Cohen, the company's chief executive, said in a stock-exchange release Wednesday that third-quarter revenue was down 4.7 percent due to a higher than usual payout ratio in the run-up to Christmas. ... (read more)
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