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Emily D. Swoboda
 

Nambling Notes - Nov. 5, 1999

5 November 1999

A Big Week for Online Lotteries -- It was the week of big bonanzas for companies that develop Internet lottery software. Three companies announced that they are providing software and other services for government lotteries. eLottery is promoting ties with the Jamaican Lottery, while Virtgame.com signed a contract to provide Internet lottery for the Province of Chaco, Argentina. Additionally, UWin! announced they will be supplying an extranet and software for Denmark's national lottery system.

Investors' Corner -- E-Vegas.com Inc. announced that the Securities Exchange Commission (SEC) has approved the company's request for an effective registration statement. The SEC has also informed the NASD of their decision, thus clearing the way for the NASD to reinstate the trading of E-Vegas.com Inc. on the NASDAQ Bulletin Board. E-Vegas.com Vice President Tony Markus said, "We are not going to speculate on how soon we will be trading back on the OTC Bulletin Board, however, we are confident that the NASD will take the same approach as the SEC has taken with respect to processing our requests."

FirstEntertainment.com announced this week that the Standard & Poor's Editorial Board has approved the company for a full description in Standard & Poor's Standard Corporation Records, a recognized securities manual for "blue sky/manual exemption" trading in approximately 35 U.S. states. The company additionally announced that it has appointed Phillip C. Puccio to the Board of Directors.

Go Call Inc. reports that $7,256,764 in gross wagers were processed by the company's Go Cash transaction processing subsidiary in October 1999 for GoCasino.com (www.gocasino.com), ImperialDragonCasino.com (www.imperialdragoncasino.com) and for the selected group of players placing real wagers on the CharitiesSportsbook.com (www.charitiessportsbook.com). This represents an increase of 15 percent over September 1999. Gross wagers (the total amount of funds wagered by the casino players) processed by Go Cash have totaled $50,095,114 from January 1999 to October 1999.

The Racing Network has hired Pat Scanlon, a veteran New Jersey broadcaster who was New Jersey Sportscaster of the Year nine times during his days as sports director of the New Jersey Network, as VP of TV programming.

Wheelin' & Dealin' --

Bingo.com has signed a non-exclusive licensing agreement with Paramount Trading Inc. (PTI) in exchange for licensing and royalty revenue. Bingo.com offers a "Play-4-Free" format for North American players, as well as an international wagering site. PTI offers a variety of entertainment-based games, including BingoHour (www.bingohour.com), a bingo game offering large jackpots on the Internet. BingoHour is developing its first foreign language site and plans to add additional languages every few weeks.

CasinoBuilders.com announced Wednesday the completion of its planned Netherlands Antilles acquisitions, making the company a complete "turn-key" service provider in that jusisdication. Through the acquisition process, CasinoBuilders.com now licenses and hosts over 30 Internet gaming sites, with permanent operations staff in Curacao supporting gaming revenues in excess of $3.5 million, as well as significant assets.

Shortly after announcing the signing of a 10-year affiliation agreement with EchoStar, reported to be the nation's fastest growing digital satellite television service, TVG has broadened its reach to virtually all of the 3 million subscribers of EchoStar's DISH direct broadcast satellite service. Under the agreement, DISH will place TVG on all of its programming packages, starting Nov. 15, and it will be the only racing channel offered. TVG currently can be accessed by a million C-band satellite sub-scribers. The company's parent, TV Guide Inc., has announced that it is negotiating the possible sale of its C-band satellite business to DirectTV and/or EchoStar as it prepares for its $7.72 billion sale to Gemstar. Peter Boylan, president of TV Guide, said the company is selling the C-band holdings to sharpen its focus on the interactive market.

Gaming machine manufacturer Fortune Entertainment has announced that it will not be entering the Internet gaming business as previously planned.

New Stuff -- The long awaited website of the Antigua Directorate of Offshore Gaming has finally been launched. Located at www.antiguagaming.com, the site features a list of licensed operators, contact information, news releases and legislative documents.

MarsCasino.com (www.marscasino.com), an online casino and sportsbook operated by All Seasons Entertainment, has begun accepting wagers on the outcome of the 2000 U.S. presidential election. Lines have been opened for all candidates. George Bush and Al Gore are close favorites to win.

Betting has officially commenced in Kahnawake. Online sportsbook Sports InterAction this week declared itself is the first sports betting company to be authorized by the Kahnawake Indian Nation, which recently enacted its interactive gaming regulations to license and regulate online gaming.

Poker.com, Inc. has announce that Andy Glazer, one of world's leading authorities on gambling, will be writing the company's newsletter. Glazer, the author of "Casino Gambling the Smart Way," also has a very strong presence in book publishing, gambling magazines, daily newspapers, and major gaming websites.

Promotional Stuff -- Online casino and sportsbook VirtualWagering.com, Inc. announced Tuesday that voting has begun for the Ms. VirtualWagering.com - The Showgirl of the Millennium contest. The contest, launched in September at the World Gaming '99 Expo, has attracted aspiring models, showgirls and entertainers, as well as college students, waitresses and dealers from the greater Las Vegas area. Finalists were required to have had some experience working in the gaming industry. Fitting with her title as the Showgirl of the Millennium, "Ms.VirtualWagering.com," will be selected by online visitors to the casino and sports book portal VirtualWagering.com at www.virtualwagering.com. Voting continues through December 15, 1999. The winner will be announced in early January 2000.

About the Bills -- National Journal Technology Daily (NJTD) reported this week that anti-tax group Americans for Tax Reform (ATR) has launched an electronic letter-writing campaign opposing the Ky bill. The group distributed an email alert to nearly 4,000 subscribers of its daily update list urging them to "preserve the freedom of the Internet." The email provides a link to the Internet Consumers Choice Coalition's online email form, which automatically sends a form letter to Senator Kyl. "We see any regulation of the Internet as the first step toward taxation of the Internet," said Damon Ansell, ATR's director of state projects. "Regulatory issues are tax issues." ATR President Grover Norquist is a member of the congressionally-appointed Advisory Commission on Electronic Commerce, which has been assigned to study the issue of Internet taxes.

Meanwhile, House Crime Subcommittee Chairman Bill McCollum, R-Fla., has regretfully admitted that the Goodlatte bill probably won't be considered by the full House committee until next year. And according to NJTD, Subcommittee ranking member Robert Scott, D-Va., withdrew an amendment that would brought the casual bettor clause back into the picture.

On the Starnet Front -- Starnet Communications International Inc. announced Thursday that the Court of Appeal has denied with costs an application by Las Vegas Casino Inc. for leave to appeal the decision by Honorable Mr. Justice Williamson on Friday, Oct. 15, 1999 to set aside the Mareva injunction formerly granted to Las Vegas Casino Inc. on an ex parte basis. "On each occasion when we have been before a judge on this matter we have been successful, except the first time when we were not fairly heard," Starnet attorney Leonard T. Doust, Q.C. said.

Risk Management Online -- Does your online business have sufficient risk management policies? If this is an area in which your company is lacking, you might want to attend "Managing Risk on the Net," a 30-minute online executive briefing sponsored by CyberSource and the Internet Fraud Council. The session will feature a panel of experts chaired by renowned Internet risk management expert Tom Arnold. Using risk management practices recommended by Visa and the Internet Fraud Council, you'll learn how your company can increase online sales conversion while minimizing fraud risk; increase customer satisfaction and reduce customer service costs; and increase net contribution from order processing operations. To U.S. sessions will be available, November 16 and 17, 1999. A European session will be available November 17 as well. To learn more, or to register, visit www.cybersource.com/EB2, or call 801-328-1113.

Nambling Notes - Nov. 5, 1999 is republished from iGamingNews.com.
Emily D. Swoboda
Emily D. Swoboda