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Kevin Smith Gaming Guru - Page 35Sportingbet on the Block?1 May 2003
Rumors are swirling about the future of Sportingbet.com after the company put out a required share-price announcement to the Alternative Investment Market of the London Stock Exchange.
In its notice to investors and analysts the company confirmed that it was in discussion with "a number of parties" with ... (read more)
Sportingbet Appeals Ruling, Tries to Recoup $2.7 Million29 April 2003
U.K.-based I-gaming operator Sportingbet is appealing a court ruling in Australia requiring the company to repay $2.68 million won from a punter gambling with money stolen from his employer.
In March an Australian court ruled the money was owed to a Mt. Gambier trucking company, K&S Corp. after one of its employees, Dennis Telford, pleaded not guilty to stealing more than $22 million from K&S. ... (read more)
Shopping Odds with BetBrain23 April 2003
As the head of sales and partner relations for odds-comparison site BetBrain.com, Lars Dam-Johnsen has been at the forefront of a project seeking a better feel for the trends and spending habits of players.
The group has obtained a vast amount of information through customer surveys, but it has also learned much through its relationships with Internet bookmakers. ... (read more)
Seeking Success in the Skill-Games Space18 April 2003
What started out as simple side bet between friends resulted in the formation of what could potentially be the largest skill-based games site on the Internet.
On a slow day at the office, co-workers Kenny Rosenblatt and Jessica Rovello were debating who could beat who in a game of Ms. Packman. To settle the score, they went online to find a site where they could match their Ms. ... (read more)
IGC Initiates Grass-Roots Campaign17 April 2003
A week into an aggressive grass-roots effort to draw attention to the idea of regulating online gaming in the United States officials with the Interactive Gaming Council say the initiative is getting off on the right foot.
"It has only been a week, but so far the response has been good," said Keith Furlong, the deputy director of the IGC. ... (read more)
Has Youbet.com Turned the Corner?17 April 2003
Fueled by news that it has just completed the most successful year in its history, Youbet.com, the online race wagering company, saw its stock close at a 52 week high ($2.48 a share) on Tuesday.
In terms of revenue, the final quarter of 2002 was the most successful fourth quarter ever for Youbet.com. ... (read more)
Consolidation in the P2P Sector - Intrade Acquired by Competitor7 April 2003
Popular betting exchange Tradesports.com has acquired Intrade.com in a move aimed at increasing Tradesports' liquidity by nearly 50 percent.
Announced Friday, the deal should be in effect this week. Financial terms weren't disclosed.
The two Dublin-based P2P services will continue to operate separate ... (read more)
P2P Debate Heats up in Australia3 April 2003
Betfair's Mark Davies spent last week in Australia promoting his company and meeting with racing industry officials. Although he went with peaceful intentions--to open up channels of communication between Betfair and racing officials in Australia--his presence created a bit of a stir.
Wagering businesses ... (read more)
Betfair Could Face Huge Fines Down Under3 April 2003
Despite a round of positive talks between Betfair and officials from the Australian racing industry, the Australian Broadcasting Authority said Wednesday that the popular P2P betting site could face fines of up to $1 million a day for targeting Australian bettors.
The ABA made the policy decision upon ... (read more)
A Double Dose of Bad News for Sportingbet1 April 2003
March is typically the busiest month of the year for Sportingbet, the U.K.-based bookmaker, but a crooked bettor and "unfavorable" results at sporting events have made it a month to forget.
The company's gross margin performance during the month were weak, which it attributed, at least in part, to what it termed a "high number" of U.S. ... (read more)
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