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IGN Staff Gaming Guru - Page 6London Markets Smile on 32Red and IG Group20 January 2009
32Red and IG Group Holdings have, in recent days, been the beneficiaries of double-digit gains in share value after investors bought on encouraging financial news.
In a trading update Monday, 32Red, which operates online casino, poker and, most recently, bingo, said gross win for the 2008 fiscal year came ... (read more)
In Waning Days of Bush Administration, Antigua, U.S. Return to Negotiation Table14 January 2009
With only six days remaining in the Bush administration, representatives from Antigua and Barbuda arrived in Washington, D.C., Wednesday hoping to complete negotiations stemming from a five-year dispute with the United States government over Internet gambling.
L. Errol Cort, Antigua's finance minister, ... (read more)
Former Crypto C.E.O. Letter Elicits Pointed Response23 December 2008
On Tuesday CryptoLogic Ltd. responded to criticism from the software developer’s former president and chief executive, Javaid Aziz, stating that many of the issues pointed out in his Dec. 4 letter to the company are already being addressed.
In addition, the Dublin company has declined Mr. Aziz’s request for two board seats. ... (read more)
Delays Hit France's Controlled Opening17 December 2008
According to the French media, a draft bill detailing a regulatory regime for France’s so-called controlled opening will not be presented before yearend.
La Tribune reported Monday that the bill would be presented to the country’s Council of Ministers in January 2009, but would not make it to the National ... (read more)
PartyGaming Nears Settlement as Founder Reportedly Pleads Guilty16 December 2008
Anurag Dikshit, one of the founders of PartyGaming, has reportedly agreed to pay $300 million to the United States Department of Justice and plead guilty to charges connected with illegal Internet gambling.
A report in the Financial Times on Monday night said Mr. Dikshit would appear in court in the ... (read more)
Neovia Welcomes New Shareholders to Fold (Update 1)15 December 2008
Adds comment from Neovia
Neovia Financial, which traded formerly as Neteller, has on taken two new major shareholders -- one of whom is a well-known Irish billionaire.
Neovia, which now has a total of 119.9 million ordinary shares in issue, reported today that IIU Nominees Ltd., on behalf of Primatur ... (read more)
Tipp24 Facing Uncertain German Future10 December 2008
After a challenging 2008 calendar year, Tipp24 A.G., the online lottery broker, has warned that new restrictions on Internet sales channels in Germany, set to take effect from January 2009, could necessitate as many as 170 job cuts at its Hamburg office.
Germany's Interstate Gambling Treaty -- under which the online sales prohibition will be enforced -- was enacted on Jan. ... (read more)
PokerStars Suspends Latin American Poker Tour9 December 2008
PokerStars.net's Second Annual Latin American Poker Tour canceled its stop in Nuevo Vallarta, Mexico, after the tournament had begun, due to an indefinite suspension served on one of the tour's local partners, the company said on Monday.
The tournament was scheduled for Dec. 5-7 at the Marival Resort and ... (read more)
Norway Enacts Payments Ban (Update 1)8 December 2008
Adds comments from Betsson A.B. and Ladbrokes.
Norway's Parliament, the Storting, has enacted legislation that puts Norwegian financial entities on the hook to block payments for Internet gambling.
Rolf Francis Sims, legal adviser to the Royal Ministry of Culture and Church Affairs, confirmed that the bill passed through the second chamber of Parliament last Thursday. ... (read more)
Phantom Fiber Folds as Income Stream Dries1 December 2008
Phantom Fiber Corporation, the mobile solutions developer, has discontinued operations after failing to generate the necessary cash to repay an investor. It leaves behind a number of partners including Mahjong Time, a minority-owned subsidiary of CryptoLogic Ltd., and Scientific Games Corporation.
In a ... (read more)
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