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IGN Staff Gaming Guru - Page 5David Carruthers Pleads Guilty in BetOnSports Case1 April 2009
After this article was posted, it was updated with a clarification.
David Carruthers, the former chief executive of BetonSports, pled guilty to racketeering conspiracy charges -- Count 1 of the third superseding indictment -- in a St. Louis, Mo., court Wednesday.
Mr. Carruthers agreed to not appeal ... (read more)
888 Reveals Profitable Year but Casino Struggles Persist30 March 2009
888 Holdings, the Gibraltar operator and software supplier, finished 2008 profitably, with business-to-business revenue up an estimated 120 percent, year over year, and business-to-consumer revene, 15 percent.
Total operating income came in at $262.2 million, up 21 percent over 2007, with profits after ... (read more)
After 'Intense' Tenure, Neovia C.E.O. to Step Down13 March 2009
In a fourth-quarter trading update Friday, Neovia Financial announced that its chief executive, Ronald D. Martin, would be stepping down for "family reasons" after three intense years at the helm.
Mr. Martin, who joined Neovia in 2005 as chief operating officer, guided the company through its twilight as ... (read more)
As Ill. Faces Budget Crisis, Gambling Expansion Enters Debate13 March 2009
Republican members of the Illinois House and Senate this week threw their weight behind a gambling expansion proposal, following an earlier move by the Democratic senator, John Cullerton, who called for the state to privatize its lottery, then launch online.
In a press conference Wednesday, Tom Cross, who ... (read more)
Devilfish Posts Loss Despite Growth23 February 2009
In the face of record losses in the second half of 2008, Devilfish Gaming continued on the path of growth, owing a particular debt of gratitude to its poker division.
The United Kingdom-based company named for David "Devilfish" Ulliott, a popular professional poker player in Europe, today released interim results for the six months to Dec. ... (read more)
Illinois Democrat Talks up Online Lottery16 February 2009
John Cullerton, the Illinois State senator, wants to see the state lottery sell tickets online and managed by a private company.
The Chicago Democrat, who is the Senate president, told the Associated Press that online sales could bring in new customers and help fix the gaping hole in the state's budget. ... (read more)
Under Construction: Finland's Lotteries Act3 February 2009
Daniel Widman and John Eriksson, attorneys with Widman & Hannes Snellman in Mariehamn, Åland Islands, examine the amendments currently under review for Finland's contentious Lotteries Act.
Click here to view their article, "Comments on the Proposed Changes to the Finnish Lotteries Act (2001/1047)," in ... (read more)
$50 Million Acquisition Puts Betfair in U.S. Market28 January 2009
Betfair has entered the United States market by acquiring Macrovision Solutions Corporation's TV Games Network for $50 million, the companies announced on Tuesday.
“We have waited to enter the U.S. market until we had a high quality, and above all, legal product offering, and we believe with this ... (read more)
Giga's Fourth Quarter Looking Softer than Expected; Aziz Near-Term Share Catalyst for Crypto27 January 2009
Analysts with Roth Capital Partners are projecting a softer-than-expected fourth quarter for GigaMedia Ltd. but are bullish on CryptoLogic Ltd. as M&A speculation is expected to spur further near-term stock-exchange gains.
Poker revenue for GigaMedia, the California brokerage said Tuesday, has not rebounded as anticipated in the second half of the fourth quarter. ... (read more)
With Tote Acquisition Out, Dividend Likely In for Sportech27 January 2009
With the United Kingdom's Tote removed from the selling block in October, analysts with Evolution Securities think Sportech is likely to resume the dividend sometime in the 2009 fiscal year.
The Evolution note came on Sportech's pre-close trading statement Tuesday, in which the company said trading for ... (read more)
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