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Kevin Smith Gaming Guru - Page 16Spain Primed for Interactive Football Betting24 August 2004
Officials with the Professional Football League (LFP) in Spain are hoping that an all-encompassing interactive betting system will create new revenue streams.
"In order for us to remain as a top league in Europe, we have to explore as many alternative revenue streams as possible, and this is ... (read more)
New Zealand DIA Warns Companies Offering Text-Based Contests20 August 2004
New Zealand's Department of Internal Affairs issued a warning Thursday to companies offering text-based contests. The department says the contests, in which consumers often incur higher per-call costs than normal, are illegal lotteries.
The DIA's official statement was aimed at telecommunications ... (read more)
Tough Challenge Ahead for UK National Lottery19 August 2004
The U.K. National Lottery Commission said in its report for the year 2003/2004 that ticket sales increased by 1 percent over the previous one-year period--the first such increase in five years. The commission is confident that bigger jackpots and a greater emphasis on the Internet play and newer games will ... (read more)
Seeking a Solution to the Exchange 'Problem'12 August 2004
Despite indications that Australian consumers--and now regulators-- are ready to embrace betting exchanges, some in the racing industry are determined to pull out all the stops to prevent--or at least delay--what many consider an inevitability.
The Howard government completed its yearlong review of the ... (read more)
Precedent, Case Law Favor Casino City According to Legal Experts10 August 2004
A day after it was announced that Casino City was seeking a declaratory judgment against the U.S. Department of Justice on the whether or not online casinos and sports books could be advertised, I-gaming legal experts weighed in with their thoughts on the case.
Most agree that it is still too early to ... (read more)
UK, Australian Betting Brands Merge9 August 2004
Pending Federal Court approval in Australia and shareholders signing off on the deal, two of the leading interactive betting operators in Australia and the UK will join forces.
Officials with International All Sports (IAS) and Canbet (CBT) announced on Friday that the two firms would be merging operations ... (read more)
New Private UK Lotto to Rival Camelot6 August 2004
A group of London-based businessmen is planning to launch a national lottery game to rival Camelot in October. The Internet will play a key role in the development of the new operation.
Another main focus of Chariotlottery will be the ability for consumers to pick what charities are given donations and to ... (read more)
FSA Warns Spread Betting Firms About Practices6 August 2004
The head of the Financial Services Authority in the UK issued a condemning letter to the CEOs of the country's spread betting firms and warned them that if certain business practices aren't changed or cleaned up some companies could face severe regulatory action.
The letter stirred up a long lasting debate ... (read more)
I-Lottery Update - August 20045 August 2004
Camelot Rival Possible in the UK
The Times recently reported that a group of London businessmen plan to challenge the supremacy of Camelot and start their own lottery with a £1 million guaranteed weekly prize.
Unlike the National Lottery players in Chariotlottery will be able to choose the charities which could benefit by up to £600,000 a week from the game. ... (read more)
Golden Palace Breaks New Ground: Joins Race to Space5 August 2004
First it was temporary tattoos on the backs of boxers. Then it was streakers at major sporting events around the world. Most recently it was Dennis Rodman and his Running of the Bulls in Spain and the purchase of the ball David Beckham used to miss his penalty shot in the Euro 2004 competition. And now it is ... (read more)
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