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AGCC Awards Genting Online License

14 March 2008
Genting International's (GI) Channel Islands-based subsidiary has been awarded an online license from the Alderney Gambling Control Commission (AGCC). Genting Stanley Alderney Ltd. (GSAL), established in November 2007, is to launch its U.K.-facing online offering during Q2 2008, GI said, following final AGCC approval of its gambling equipment and internal control systems. ... (read more)
 

Sportingbet Launches Canadian Sportsbook

14 March 2008
Sportingbet, which announced its departure from the North American market on the eve of the enactment of the Unlawful Internet Gambling Enforcement Act in October 2006, has quietly renewed its online sports betting offering in the region. Sportingbet spokesman George Hudson confirmed with IGN that the ... (read more)
 

Unibet: Hellenius Steps down, No Acquisitions Planned

13 March 2008
After a year with Unibet, Ragnar Hellenius, the group's chief financial officer, has announced he will step down effective March 31. Petter Nylander, chief executive, called Hellenius' contributions -- especially with regard to Unibet's December 2007 Maria Holdings acquisition -- "very ... (read more)
 

888 Chief not Interested in Party's Imminent CEO Vacancy

13 March 2008
Following Wednesday's launch of 888sport.com, 888's Blue Square-powered multinational I-sports book, Chief Executive Gigi Levy said he was not in the running for the chief executive's vacancy at rival PartyGaming. "It's not even something that crossed my mind, let alone that nobody offered it to me," Levy ... (read more)
 

EC Finds RGA's US Complaint Warrants Investigation

10 March 2008
The European Commission today announced a decision to launch an investigation into U.S. anti-online gambling measures, following a complaint filed in December 2007 by the Remote Gambling Association concerning the United States' selective enforcement practices. "The United States has the right to address ... (read more)
 

France on Warning - Again

4 March 2008
The European Commission on Monday acted quickly to stop France from adopting a payments ban, not unlike the Unlawful Internet Gambling Enforcement Act, that would have required French Financial institutions to block payments from online gambling companies black-listed by the government. The EC issued a 'detailed opinion,' which prevents France from adopting the decree before Mar. ... (read more)
 

Rank Gets a Bail-out

3 March 2008
Long-troubled gaming operator Rank Group on Friday finalized the exclusive transfer of its £700 million pension scheme to financial firm Goldman Sachs, marking the largest UK transaction of a publicly traded company’s pension scheme. The buyout, completed by Goldman insurance subsidiary Rothesay Life, marks the conclusion of a five-month review by Rank. ... (read more)
 

Microgaming: Nothing Yet from Tusk

29 February 2008
Following an announcement regarding the termination of its software licensing agreement with Tusk Investment Corporation, Microgaming said today it has not heard from the gaming operator since it announced it had elected to go into liquidation. "Microgaming has unfortunately heard nothing further from Tusk ... (read more)
 

William Hill to Get Lossy Online Division in Line

27 February 2008
William Hill released full-yearly figures this morning, highlighting a 6 percent rise in gross win to £983.7 million tempered with a 2 percent fall in operating profit to £286.7 million. With regard to its interactive business, gross win fell by £10.7 million to £119.8 million with operating profits down ... (read more)
 

Irish Investment Duo Takes 3 Percent Stake in Ladbrokes

25 February 2008
Two millionaires have reportedly jointly purchased a near 3 percent stake in Ladbrokes just one week after a Bahamas-based investor acquired a near 7 percent stake in the bookmaker. Irish investors John Magnier and J.P. McManus are said to have purchased the stake on Friday, which would have been valued at £56 million, according to that day's closing share price. ... (read more)

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