Morning Brief: Market Madness

31 July 2008

By IGN Staff

With your coffee this morning:

The United States government has seized $24 million from bank accounts related to Bodog Entertainment Group, a business best known for online gambling and its billionaire front man, Calvin Ayre.

CryptoLogic Ltd., the Dublin software developer, said it expects second-quarter revenue to have fallen on seasonality and the 2008 UEFA European Championship.

Rank Group, the land-based and online gambling operator, revealed first-half revenues were down nearly 10 percent to £257 million on a £50.8 million loss.

William Hill, the London-listed betting company, reported first-half profits before tax of £145.1 million, down 10 percent against the previous-year period.

Henry Birch, the chief executive of Leisure & Gaming, has stepped down and will be succeeded by Richard E. Creed, the company's former chief financial officer.

Mark Balestra, the publisher of IGamingNews, has released his latest blog from Montreal -- a hilariously offbeat look at poor penmanship, strange (and utterly unhelpful) electronic devices and the beloved attendees of Next Generation in Gambling.

Morning Brief: Market Madness is republished from iGamingNews.com.