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Kevin Smith Gaming Guru - Page 21The Funding Prohibition Debate Again Rears Its Head in Australia4 May 2004
The Australian federal government is nearing completion of its yearlong review of the Interactive Gambling Act (IGA), and despite a recent flurry of media attention in the Australian press, the Australian Bankers' Association (ABA) hasn't changed its stance: Under no circumstances does it support a ban on the funding of online gambling. ... (read more)
AusTOTE Goes Live under Fire3 May 2004
Amid legal threats from Australian racing interests, Australia's newest TAB is calling its launch a major success. AusTOTE opened up for business Wednesday in Norfolk Island, becoming the first new Australian TAB in decades.
CEO Mike King showed a sense of adventure by launching on April 28--the same date ... (read more)
NETeller Distances Itself from Touts30 April 2004
Officials with NETeller have confirmed reports that the alternative payment solution provider is no longer accepting new business from U.S.-based sports handicapping services.
A spokesperson for NETeller told IGN Friday that the decision was made two weeks ago. A rash of recent events surrounding the ... (read more)
Youbet.com Preps for Derby Weekend30 April 2004
With no clear cut favorite in the 130th running of the Kentucky Derby, interactive bookmakers are gearing up for what could be a huge weekend.
U.S.-based interactive race wagering services are hoping tomorrow's race will be a springboard for acquiring new customers and further promoting their ... (read more)
Gamedek Flies Solo29 April 2004
Looking to take advantage of the growing popularity of online games among women, Arkadium Inc. this week launched the official Web site for its Gamedek
games system.
The flagship site, Gamedek.com, debuts 10 months after the product was rolled out via affiliate sites. The resounding popularity of the ... (read more)
Taiwanese Entertainment Company Acquires Grand Virtua26 April 2004
GigaMedia Limited of Taiwan announced Thursday that it has agreed to buy Grand Virtual, one of Internet gambling's oldest software developers, for nearly $32.5 million.
A press release from GigaMedia stated that the deal was an all-cash transaction and that the purchase was funded through existing working capital. ... (read more)
AusTOTE v. ARB - The Dispute Is Heating Up22 April 2004
The Australian Racing Board is contemplating legal action against a company that has launched a new TAB based in Norfolk Island, and the rising dispute has spawned a war of words in the Australian press.
"We don't want something for nothing. We want to pay our way."
- Mike King ... (read more)
Post-attheraces Days Pretty Good for Betdaq16 April 2004
The shutting down of atttheraces' TV feed in late March has been hard on a lot of bookmakers, but not all are suffering. The termination may actually be working to the advantage of Irish P2P operator Betdaq, which has seen an increase in turnover in the last two weeks.
"Our overall turnover ... (read more)
NETeller Floats on the AIM15 April 2004
Officials from NETeller are pleased with early trading results following the company's float Wednesday on the Alternative Investment Market in London. The IPO was the biggest ever on the AIM, with the company valued at £240 million.
"It's now up to us to get the story out there because a lot ... (read more)
Norfolk Island's Answer to P2P and IGA9 April 2004
Operators of a new interactive betting service based in Norfolk Island are hoping the allure of low margins and the ability to operate out of arm's reach from Australian regulators will make it a major player in the Aussie betting market. AusTOTE was launched this week with plans of being fully operational by the end of the month. ... (read more)
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