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IGN Staff Gaming Guru - Page 17888 Enters Asia in Deal with Entertasia11 January 2008
Another major player in the Internet gambling industry is about to establish its footprint in the burgeoning Asian market.
Online gaming operator 888 has inked a deal with Macau-based gaming software company Entertasia for the development of a live casino service deliverable across Asia.
Under the ... (read more)
William Hill Shares Down on Trading Update10 January 2008
In a note to the London Stock Exchange this morning, William Hill reported a strong performance in its retail business but said the performance of its Internet unit had continued to be "disappointing."
The company projected full-year pre-tax earnings of £285 million, though the news was not enough to ... (read more)
NSW Government Postpones Launch of Pay TV8 January 2008
The government of New South Wales has postponed attempts by Tabcorp to launch Australia's first pay-TV wagering operation onto NSW screens.
Tabcorp in June partnered with interactive TV production company Two Way Ltd. and Foxtel Networks with the hopes that viewers would be able to start using the service ... (read more)
Buoyant Playtech Says Q4 Trading is Strong7 January 2008
In a trading update this morning, Playtech said it was confident it would meet fourth-quarter forecasts and that revenues had grown significantly toward the end of 2007.
The London-listed software supplier said moreover that it "continues to enjoy buoyant trading," and that fourth-quarter trading in ... (read more)
Cenkos CEO Looks to Float the Tote7 January 2008
The head of a London-based securities firm has reportedly made an offer to purchase and float the Tote simultaneously, possibly putting an end to the tempestuous sale of the state-owned betting agency.
Andy Stewart, CEO of Cenkos Securities and a racehorse owner, announced on Sunday an aggressive plan to ... (read more)
Chinese Government Looks to Corral Lottery Fraud ahead of Regulations4 January 2008
According to Chinese media sources, China's ministries of civil affairs and finance, as well as its General Administration of Sports, this week issued a written statement prohibiting institutions from selling lottery tickets online.
Xinhua News Agency reports that the circular was issued in response to ... (read more)
Genting International Set to Enter I-Gaming Space4 January 2008
Singapore-based gaming company Genting International (GI) is preparing to enter the online gambling market through licenses in Alderney and/or the United Kingdom.
GI, part of the Genting Group, on Jan. 3 received approval from the Singapore Exchange Securities Trading Ltd. to apply for the gaming licenses. ... (read more)
Vietnam Examines Regulation4 January 2008
The Vietnamese government is reportedly chewing on the idea of legalizing additional forms of gambling in order to regulate the activity and bring in more revenue.
The Vietnamese News Agency (VNA) reported on Monday that the ministries of Finance and Planning and Investment are in the process of drafting legislation to submit to the government. ... (read more)
AsianLogic IPO Generates £44.3 Million2 January 2008
Hong Kong-based gaming group AsianLogic last week became the first Asian gaming company to float on London's Alternative Investment Market. The IPO generated £44.3 million, which gave the company a market capitalization of £123.1 million.
AsianLogic, founded by former Playtech executive Tom Hall, on Dec. ... (read more)
WTO's Final Ruling: US Owes $21.1 Million per Year21 December 2007
A World Trade Organization arbitration panel has awarded Antigua and Barbuda $21.1 million per year in its dispute with the United States over U.S. laws against Internet gambling. Neither the duration of the payments nor whether they are retroactive was disclosed in the initial announcement.
Antigua asked ... (read more)
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