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IGN Staff Gaming Guru - Page 3On Party Shares, Keep the Faith, Analyst Says6 May 2009
With shares in the online gambling operator PartyGaming up 146 percent since September 2008, one analyst argued Wednesday the time isn't ripe yet to take profits.
James Hollins of Daniel Stewart & Company in London attributed the company's meteoric rise to a number of issues, including a well-received road show and the prospect of positive legislative developments in the United States.
... (read more)
Breaking News: Frank to Introduce I-Gaming Bill Wednesday5 May 2009
Barney Frank, chairman of the House Financial Services Committee, is to introduce new legislation Wednesday that will "enable Americans to bet online and put an end to an inappropriate interference with their personal freedom,"
according to a press release from the committee.
"The new bill would create ... (read more)
Eye on the Industry | Swine Flu5 May 2009
Welcome to IGamingNews' newest series of semi-regular op-ed articles, Eye on the Industry. Here, we'll feature brief, incisive pieces -- penned by executives, analysts, lawyers, researchers, the occasional anonymous source, mainstream media journalists, fellow e-gaming scribes and a professional gambler or ... (read more)
888 Says First-Quarter Trading Disappointing, M&A on Horizon5 May 2009
888 Holdings, the online gambling operator, reported first-quarter revenue fell 4 percent, sequentially, on "disappointing" business-to-consumer trading.
Total operating income was $57 million, down from $60 million the previous quarter.
Operating income from the company's b-to-c offering fell 8.1 percent to $45 million compared to same quarter last year. ... (read more)
Brief: U.S. I-Gaming Stocks Rise ahead of Frank Bill Introduction5 May 2009
The small number of United States online gambling stocks was up significantly on Tuesday as news of Barney Frank's expected bill began to make headlines.
In late-afternoon trading, CryptoLogic Ltd., the Nasdaq-listed software developer, was up 26 percent over Monday's close. Its shares had gained $1.78 ... (read more)
AsianLogic Profits Hit on Wholesale-Retail Transition30 April 2009
AsianLogic Ltd., the land-based and online gambling operator, said profitability in 2008 was negatively impacted by increased operational expenses, margin pressure on its wholesale business and bad debt provision.
Although revenue for the year rose 82 percent to $98.7 million, losses before tax came in at ... (read more)
Hills' Online Gaming Growing, but New Sportsbook Sluggish30 April 2009
In the 17 weeks to April 28, William Hill, the land-based and online gambling operator, reported net revenue rose 6.5 percent against the same period last year.
The company's new online joint venture with Playtech Ltd., William Hill Online, grew net revenue by 50 percent over last year, when William Hill Interactive operated as a standalone. ... (read more)
Finland's Ray to Launch Online Offering in 201029 April 2009
Finland's slot machine association, Raha-automaattiyhdistys, is expected to launch an online gambling offering by 2010, reports Helsingin Sanomat, a Finnish daily.
The news comes as little surprise because the association -- better known by its abbreviated trading moniker, Ray -- announced last May it ... (read more)
Sports Payouts Stall Betsson's Sequential Growth Story29 April 2009
Betsson A.B., the online gambling operator, grew first-quarter revenue 38 percent over last year, but higher payouts in its sports book resulted in a slight top-line loss, sequentially.
Group revenue came in at 315.5 million Swedish kronor, with gross profits up 42 percent to 255.7 million Swedish ... (read more)
Minnesota Moves to Block Access to I-Gaming Web Sites29 April 2009
The Minnesota gambling regulator is attempting to prohibit state residents from accessing online gambling Web sites.
Referencing a 1961 federal law -- a section of the United States Code that addresses transmission of wagering information -- the state has instructed 11 regional telecom and Internet ... (read more)
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