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IGN Staff Gaming Guru - Page 2Swedish Skill | A Lawyer's Synopsis20 May 2009
Last week, four men in Sweden accused of operating an illegal poker tournament in 2007 received reduced sentences because an Appeals Court found tournament-style Texas Hold'em was governed more by skill than chance.
Ola Wiklund, an attorney with the law firm Wistrand in Stockholm, offered a synopsis of the ... (read more)
Intertops Casino, Microgaming Part Ways over U.S.20 May 2009
This article was updated Thurs., May 21, with further detail on Microgaming's future involvement with Intertops' green casino.
Intertops Casino, the online operator, will be parting ways with Microgaming due to the software supplier's recent decision to prohibit its licensees from accepting new United ... (read more)
Eye on the Industry | Offshore Legacy19 May 2009
Welcome to IGamingNews' newest series of semi-regular op-ed articles, Eye on the Industry. Here, we'll feature incisive pieces -- penned by executives, analysts, lawyers, researchers, the occasional anonymous source, mainstream media journalists, fellow e-gaming scribes and a professional gambler or two -- which examine a particular issue.
... (read more)
Ladbrokes I-Gaming to Miss 2010 Earnings Target15 May 2009
In the four months to April 30, Ladbrokes said e-gaming net revenue fell 2 percent over 2007 and that pre-tax earnings forecasts for its online gambling arm would not be met.
"Whilst we remain confident of the outturn for 2009, the weaker economic conditions and softening yields make it unlikely that we ... (read more)
Financial Digest: Bwin, Paddy, Hills, Youbet14 May 2009
Bwin, the Vienna operator, said first-quarter gross gaming revenue came in at 117.6 million euros, up 12.5 percent over last year but flat, sequentially.
Net gaming revenues, 102.1 million euros, were up 11.1 percent against 2007 and 1.1 percent quarter over quarter.
Year on year, net revenue from ... (read more)
U.S. Could Be Key Catalyst for Bwin, Party, Analyst Says13 May 2009
After this article was published, details regarding Bwin and the United States Justice Department were added in the last graph.
Vaughan Lewis, an analyst with Morgan Stanley, said a regulated United States market could add as much as £13 to PartyGaming's current share price and 100 euros to Bwin's.
... (read more)
888 in South African B-to-B Deal12 May 2009
Dragonfish, the business-to-business arm of 888 Holdings, has agreed to supply the South African operator Phumelela Gold Enterprises with an online sportsbook offering.
The deal sees 888 distribute Phumelela's horseracing pools and live-racing streaming via existing Dragonfish licensees and its dot-com Web site. ... (read more)
Eye on the Industry | Incest in the Poker Room11 May 2009
Welcome to IGamingNews' newest series of semi-regular op-ed articles, Eye on the Industry. Here, we'll feature incisive pieces -- penned by executives, analysts, lawyers, researchers, the occasional anonymous source, mainstream media journalists, fellow e-gaming scribes and a professional gambler or two -- ... (read more)
Unibet Says Recession Not Hurting Business11 May 2009
Unibet, the online gambling operator, said first-quarter gross winnings revenue rose 15 percent to £36.1 million over the same quarter last year.
Before free bets, the company's non-sports betting segment, which consists of casino, games and poker, came in at £21.8 million, up 4.8 percent against ... (read more)
Crypto Says Profitability in Sight7 May 2009
CryptoLogic Ltd. said first-quarter revenue fell 47 percent over last year, but that it expects to turn profitable again late in the second quarter.
Revenue for the three months ending March 31 came in at $10.1 million, down from $19.3 million during the previous-year period. On a sequential basis, ... (read more)
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