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Emily D. Swoboda Gaming Guru - Page 18State of Ill. Mulling ADW Scheme to Contain Revenue29 April 2008
Lawmakers in Illinois want the state to join the Internet horse race wagering club.
Senator John J. Cullerton, Democrat of Chicago, sponsored SB2702, which would amend the Horse Racing Act of 1975 to establish an advance deposit wagering scheme, an activity already legal in at least 20 states throughout the country. ... (read more)
WorldSpreads: IEX Listing Caters to Core Investors25 April 2008
WorldSpreads, the Dublin-based spread betting company, is awaiting a dual listing on the Irish Stock Exchange, but C.F.O. Niall O’Kelly suggested the company’s aim with the float is not to raise capital . . . exactly.
"The primary [reason] is that between 60 and 70 percent of all WorldSpreads shares are ... (read more)
Nambling Notes - April 25, 200825 April 2008
David Carruthers, former C.E.O. of BetonSports now living on house arrest in St. Louis, Mo., ran the St. Louis Marathon in early April. After training for 19 weeks, Mr. Carruthers clocked in, by his own stopwatch, at 4:05:00. According to the St. Louis Marathon Web site, Mr. Carruthers’ time was 4:05:27. ... (read more)
A Race to the Finish24 April 2008
Visibly, U.S. lawmakers this month have beefed up legislative activity with respect to Internet gambling. As the coming election stands to cut the 110th Congress short, legislators are working feverishly to wrap up their I-gaming agendas before adjourning in late September.
In early April, ... (read more)
Nambling Notes - April 23, 200823 April 2008
Martin Thorvaldsson, counsel for Boss Media, told Interactive Gaming News the following regarding allegations made last week by Pokertrillion, the Malta-based gaming group and member of Boss's IPN poker network:
"Our standard policy is not to comment on these kind of loose allegations. Also we have not received a lawsuit so we don't know what to comment on. ... (read more)
US Reps. Frank, Paul Write Fed, Treasury to Delay UIGEA Rules22 April 2008
United States Representatives Barney Frank and Ron Paul on Monday wrote separate letters to Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry J. Paulson Jr., soliciting them to consider delaying the regulation-writing process for the Unlawful Internet Gambling Enforcement Act.
Mr. ... (read more)
Reactions: The Frank-Paul Bill21 April 2008
IGN's Take:
The Frank-Paul bill is an unambiguous signpost that Congress is taking seriously the UIGEA's potential impact on the U.S. banking industry.
With H.R. 5767, Congress has given the Treasury and Federal Reserve needed time to parse the UIGEA and perhaps glean what is intended by ... (read more)
Bodog's Ayre Bids Biz Au Revoir21 April 2008
Calvin Ayre, founder and chief executive of Bodog Entertainment, is stepping down from his post as the crown prince of online gambling and entertainment.
"You've likely heard the rumblings and rumors . . . and for once . . . it's true . . . I'm packing it in!" Mr. Ayre wrote on his blog Monday.
"Well ... (read more)
Nambling Notes - April 18, 200818 April 2008
Neteller, the London-listed payments processor, today reported a 48 percent decline in first-quarter total revenue to $16.98 million from $32.6 million in the same period last year. The company also said, however, that it expects growth in key European and Asia Pacific markets.
Reefer Poker, the online ... (read more)
Gaming VC Mum on Buyout Approach, Shares up 26%17 April 2008
Gaming VC Holdings, the Germany-facing online gaming operator, said Thursday that it had received a preliminary approach that could lead to a buyout.
The company's board of directors said in a prepared statement that the approach may or may not lead to an offer being made for the entire issued, and ... (read more)
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