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IGN Staff Gaming Guru - Page 12Tasmanian Tote Goes International via Betfair Deal7 April 2008
Betfair, the betting exchange operator, has struck a deal with Tote Tasmania to distribute the group's betting products to Betfair's international client base.
Under the agreement, Betfair will receive an undisclosed share of revenue for acting as Tote Tasmania's agent, while Craig Coleman, Tote ... (read more)
Gtech to Take 90% Stake in St. Enodoc3 April 2008
Gtech, the U.S.-based subsidiary of Italy's Lottomatica, has agreed to take a 90 percent stake in St. Enodoc Holdings, parent company to St. Minver, the online operator.
For the stake, Gtech will pay 28 million euros, or $43.8 million, cash, on closing. The deal is expected to be finalized this ... (read more)
Crypto to Invest up to $2.5 Million in Mahjong Time1 April 2008
CryptoLogic announced today that it has agreed to invest up to $2.5 million in Mahjong Time, an online software supplier, for a significant minority stake.
"Mahjong is a game with an ancient history in China, and a following of well over 600 million worldwide," Brian Hadfield, CryptoLogic's president and CEO, said in a prepared statement. ... (read more)
Davydenko Expects to be Cleared by ATP, Attorney Says28 March 2008
Tennis pro Nikolay Davydenko is reportedly set to be cleared following a seven-month inquiry into match-fixing.
Officers from the Tennis Integrity Unit, the anti-corruption arm of the Association of Tennis Professionals (ATP), are reportedly due to present their findings on corruption to officials at the ... (read more)
UIGEA 'Burden without Benefit?' Hearing Set for April 225 March 2008
Six months ago, the proposed regulations for the UIGEA were released -- next week, U.S. lawmakers and a select group of witnesses will meet to review the rules in a hearing transparently titled "Proposed UIGEA Regulations: Burden without Benefit?"
The hearing is scheduled for April 2, and will be held by ... (read more)
GigaMedia Says No Basis to Street Report25 March 2008
GigaMedia said this morning that its Canadian operation, via its Kahnawake license, is "reliable and stable," following a report Monday suggesting the group could absorb a near-term revenue hit on the back of proposed changes in Canadian I-gaming regulation.
Earlier this month, Canadian MP Roy Cullen ... (read more)
WorldSpreads Mulls Second Listing in Dublin24 March 2008
Spread betting firm WorldSpreads is considering a dual listing in Dublin this year.
The U.K.-based company, which listed on London's Alternative Investment Market last August, was named one of the top performing Irish shares in 2007, trading at an 80 percent premium to the flotation price by late November. ... (read more)
I-Gaming Felony Provisions Fall with Mass. Bil21 March 2008
Online gambling will not become a felony in Massachusetts, at least for now.
After a six-hour debate, the State House voted 106-48 on Thursday to send Gov. Deval Patrick's (D) Resort Casino Bill to a study committee, which effectively means the bill was defeated and cannot return for debate until next ... (read more)
Youbet 'Resolves' Part in US Federal Probe19 March 2008
Youbet.com has resolved its part in a federal investigation into illegal activity allegedly undertaken by customers of the company's former International Racing Group (IRG) subsidiary.
Under the terms of the agreement -- inked on Tuesday with the Nevada District of the U.S. Attorney's Office (USAO) -- ... (read more)
Bwin Shares Slide on German Legal Setback17 March 2008
Shares in Bwin fell 7 percent today on news the Vienna-listed bookmaker suffered a setback in a long-running case currently before the German Federal Court of Justice.
The case involves German lottery operator Westlotto, which in 2004 initiated legal proceedings against Bwin seeking to prevent it from ... (read more)
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