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Christopher A. Krafcik Gaming Guru - Page 9CryptoLogic Shares Rise ahead of Investor Call, Sale Speculation Mounts14 January 2009
In afternoon trading CryptoLogic Ltd. rallied 16 percent on the Nasdaq, and although the company announced a software licensing deal Wednesday, investors, one analyst speculated, could be buying in anticipation of a possible sale.
Recent weeks have seen the company's former chief executive, Javaid Aziz, ... (read more)
Politicization of Svenska Spel Continues with Appointment of New C.E.O.13 January 2009
Nine months after Jesper Kärrbrink resigned as chief executive of Svenska Spel A.B., Sweden's gambling monopoly has a new C.E.O. that one industry insider thinks will be more manageable than her commercially aggressive predecessor.
Meta Persdotter, former chief executive of the home décor retailer Duka ... (read more)
Aziz Returns Fire in Crypto Board Battle12 January 2009
Javaid Aziz, the former chief executive of CryptoLogic Ltd., has renewed his intention to overhaul the company's current board after accusing it of "presiding over the significant destruction of shareholder value."
Mr. Aziz, who served as CryptoLogic's C.E.O. between April 2007 and February 2008, took an activist stake in CryptoLogic last month after logging a similar accusation. ... (read more)
Commercial Competitor Cries Foul over Partouche's Internet Exploits9 January 2009
Patrick Partouche has run afoul of a fellow casino operator in France who claims Mr. Partouche's controversial online property gives his casino chain an unfair competitive edge during a time when the country's regulatory regime is in flux.
"The casino of Gujan Mestras decided to sue Partouche [in late ... (read more)
Industry Insiders Reach No Consensus on PartyGaming's American Future9 January 2009
Since Anurag Dikshit, the billionaire co-founder of PartyGaming, pled guilty to violating the United States Wire Wager Act last month, industry observers disagree on whether PartyGaming has a future in America.
In a mid-December note, Paul Leyland, an analyst with Collins Stewart, suggested that it is not ... (read more)
Amid Downturn, Opportunities Outweigh Threats, Analyst Says7 January 2009
When asked to summarize his outlook on the Internet gambling industry in 2009 -- in five words or less -- Simon J. Holliday, a gambling analyst, told IGamingNews: "Opportunities still outweigh the threats."
H2 Gambling Capital, a newly established data consultancy headed by Mr. Holliday, on Wednesday ... (read more)
Chinese Operators Facing Promotional Rethink on Slowing Net Café Traffic6 January 2009
The Chinese casual gamer frequented mainland Internet cafés less in 2008 than 2007, but analysts argue recent media reports of a steep decline in traffic are exaggerated.
William Lei Ding, chief executive of the Beijing online gaming operator Netease.com Inc., told the Nanfang Daily in late December that ... (read more)
It Was a Year that Was5 January 2009
Pull the string on your obnoxious party poppers, people -- the
Internet gambling industry has turned the page on yet another sassy
annum.
In a haywire financial year that saw the industry smartly repackage
"recession-proof" as "recession-resilient," its brightest and largest
quarter on record -- the ... (read more)
Everest Bets Eyeing Shirt Sponsorship? Not Now, Company Says5 January 2009
GigaMedia Ltd., in the footsteps of PartyGaming and 888 Holdings, is the latest multi-channel operator to enter the sports betting arena, and it's doing so with an eye on the advertising purse strings.
Robert J. Cahill, GigaMedia's head of software and service, told IGamingNews Monday that Everest Bets, ... (read more)
Financial Week in Review | Dec. 1922 December 2008
Even if you didn't have your Blackberry handy, and -- gasp! -- were forced to read a newspaper, you probably caught the news on Anurag Dikshit's decision to settle with the United States Department of Justice.
For reasons I'll make clear in the New Year, Mr. Dikshit's decision to appear before a Federal ... (read more)
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