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Emily D. Swoboda

Nambling Notes - May 27, 2008

27 May 2008

WorldSpreads Group (London: 110.32p / - 0.93p / - 0.84%)

WorldSpreads Group, the Dublin-based spread betting operator, applied Tuesday for an additional listing of up to 500, 000 ordinary shares at 0.015 pence each on London's Alternative Investment Market.

According to an announcement by the company, the placing is to be used pursuant to the exercising of options. The admission is expected to become effective on May 29, 2008.

Interactive Gaming News was unable to reach Niall S. O'Kelly, the company's chief financial officer, for comment.

London Capital Group Holdings (London: 376p /+ 16p / +4.44%)

London Capital Group Holdings, the London-based financial spread betting firm, announced Tuesday its acquisition of, a Gibraltar-based financial spread betting business, for an initial £200,000, or $395,000.

A further £200,000 will be paid dependant upon the site's performance over a three year period.

NetPlay TV (London: 27.68p / - 0.60p / - 2.12%)

NetPlay TV, the interactive television gambling specialist, has purchased Pitch Entertainment Ltd.'s entire gaming database for £125,000, or $247,000.

The database includes more than 3,500 registered users who placed more than £2 million in bets last month, NetPlay said in a prepared statement.

OPAP (Athens: 26.68 euros / + 48 cents / + 1.83 percent)

OPAP, the Athens-based gambling operator, could expand into Turkey with a bid on the country's national lottery, Milli Piyango, whose privatization is expected in the coming months, according to a Reuters India report.

Intralot, the Athens-based lottery operator and gaming technology supplier, is also reportedly considering a bid for the Turkish lottery tender.

New Zealand Lotteries

New Zealand Lotteries' MyLotto Web site went live on Monday, registering more than 1,100 users the same evening, reports New Zealand Herald.

The new service is expected to generate more than $7 million in revenue in its first year, according to Todd McLeay, chief executive of New Zealand Lotteries.

e-Commerce Online Gambling Regulation and Assurance

eCOGRA has reported a 12 percent decline in the number of online gambler complaints received in the first quarter of this year, down from 195 -- the average quarterly figure for 2007-- to 171.

The player protection organization, of which Microgaming is a founding member, said that of the 171 disputes lodged, 27 were related to Web sites that were not accredited by eCOGRA and a further 17 complaints were classified as invalid due to insufficient information.

Of the 127 valid disputes, however, 44 percent were resolved in favor of the player, it said.

Nambling Notes - May 27, 2008 is republished from
Emily D. Swoboda
Emily D. Swoboda