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Mark Balestra
 

Nambling Notes - Nov. 16, 2001

16 November 2001

Makin' Deals --fluxx.com AG , a leading provider of online gambling solutions, has sold a license for its lottery and betting platform "any-bet Gaming Platform" to NordwestLotto Schleswig-Holstein , the state lottery and pools company run by the German state of Schleswig-Holstein. fluxx.com has already been acting has as Internet broker for NordwestLotto's online lottery, as well as its Oddset online sportsbetting service, for the past two years. Through the new agreement, NordwestLotto has acquired a full license for the software platform. The sale of the license means that the rights of use for the software developed for the Internet service www.lotto-sh.de have now passed to NordwestLotto. The software platform will still be run by fluxx.com on behalf of the lottery company. fluxx.com will continue to earn the same level of commission on the lottery and betting stakes handled via the platform. Both parties have agreed not to disclose the exact purchase price, which runs into millions of marks. "Our partnership to date with fluxx.com has helped us to gauge the response of lottery players in Schleswig-Holstein to an Internet service for lottery and pools and to establish how well the systems and processes work," Helmut Stracke, CEO of NordwestLotto Schleswig-Holstein, said. "The positive findings throughout and the creation of a suitable legal basis prompted our decision to acquire a full license for the Internet platform." Stracke said the lottery operator has also commissioned fluxx.com to develop an additional range of online games for the "Gl├╝cksspirale" German television lottery.

South African online gambling service provider Aqua Online announced this week that it has become the worldwide distributor of International Merchant Services' online casino software. Aqua Distributors, a wholly-owned subsidiary of Aqua Online, has exclusive global rights to distribute the software. The company also announced that "two of the world's larger online casinos" have already adopted it since its recent launch and that it is in discussions with a number of new online casino operators. Aqua previously offered only back-office software licensing services.

Interactive SolutionsTM Corporation announced last week that its SpiralcaseTM gaming software division, Spiralcase will be the exclusive provider of play-for-fun casino games for BestBetTV.com . Under the agreement, a series of virtual casino games will be available on BestBetTV's Web site for real-time play online. Players on the site earn "BestBetTV Dollars" for time spent sampling games online. The play money can be redeemed for merchandise and prizes on BestBetTV's Web site.

Bentley Communications Corp. announced Monday that it has purchased the e-commerce businesses of TurfClub.com and TracksideBroadcasting.com from Enterprise Holdings, Inc. for the issuance of up to 2 million shares and other considerations. The two companies additionally formed a joint venture to provide Japanese citizens access to legally approved wagering on U.S. thoroughbred racing.

dot com Entertainment Group, Inc. announced Wednesday that it has entered into a license agreement with Thermaleator Limited of Belize in which dot com will deliver and install its Internet bingo and casino technologies for Thermaleator in December 2001. In return dot com will receive undisclosed installation and royalty fees. Thermaleator currently operates Planet Poker (www.Planetpoker.com) and Casino Vega (www.Casinovega.com).

New Stuff -- Irish Independent reported today that online betting exchange BETDAQ has debuted a Chinese language service in an effort to target the $150 billion Asian market. The launch comes in anticipation of the World Cup 2002, which will be held in Japan and Korea. Asian bettors will be supported by a member services center in Dublin that's staffed with native Chinese and Japanese speakers. In six weeks of operation, BETDAQ has attracted 1,300 members from 42 countries and has accepted over $13 million in bets.

Aspinalls.com online casino on Monday introduced what it's calling the "largest online jackpot ever." The new five-line "SlotBuster" machine at Aspinalls.com's Caribbean Casino features a first prize of $500,000.

Online sports book bet365 has launched SportsClub365, a membership scheme that rewards customers for loyalty and referrals by giving them the chance to win sporting prizes all around the world. Among the prizes are VIP seats at soccer matches with travel and accommodation for overseas winners. The scheme launches with Bobby Robson , ex-England football manager, and current Newcastle United manager as its patron.

Tidbits from Eastern Europe -- The countries of Russia and Turkey are striding toward getting removed from the Financial Action Task Force's List of countries that don't properly fight money laundering. In Russia, Deputy Finance Minister and head of the Financial Monitoring Committee Viktor Zubkov told Interfax, "I think we have grounds to be off this list in summer 2002. Russia has achieved sizable progress in the fight against money laundering." The country has adopted a federal law on money laundering and set up the Financial Monitoring Committee, which will be fully functional by next summer.

International News reported Sunday that Hungary, meanwhile, expects to be taken off the list in January. "We have received encouragement that if we manage to make legislation against money laundering take effect and start implementing actual moves in December, then we might be taken off of the list in January," the central National Bank governor, Zsigmond Jarai, said in an interview with state radio. Jarai said a legal package against money laundering, initiated by righting Prime Minister Viktor Orban 's three-party government, is expected to be passed by parliament on Nov. 27. "There are 24 (FATF) suggestions against money laundering, Jarai said. "We have excellently met 23. There should be no procrastination about the last one. We simply have to meet that one as well."

Names and Faces Changing Places -- Interactive race wagering company Youbet.com Inc. announced Monday that Chairman and CEO Robert M. Fell has relinquished his position as CEO of the company. Executive Vice President and Chief Operating Officer Ronald W. Luniewski and Executive Vice President and Chief Financial Officer Phillip C. Hermann were appointed by the company's board of directors to assume the roles of co-chief executive officers. Luniewski and Hermann were also elected to serve on the company's board of directors. Luniewski will continue to oversee Youbet.com's operations, including product and sales development, and Youbet.com. TotalAccessTM, the company's Oregon-based wagering hub facility. Hermann will direct his attention primarily to corporate finance and strategic partnership development. Fell will stay with the company as chairman of the board, but will play a lesser role in day-to-day operations

Global Entertainment Holdings/Equities Inc., announced today that Donald J. Lisa, has submitted his resignation as president and chief executive officer of Global Entertainment and president of Global's Prevail Online Inc. subsidiary, effective Dec. 31, 2001. Lisa, who is resigning to spend more time with his family, will remain in his current position on Global's board of directors until an appropriate replacement is found.

Nambling Notes - Nov. 16, 2001 is republished from iGamingNews.com.
Mark Balestra
Mark Balestra is the Managing Director at BolaVerde Media Group. He previously worked at Clarion Gaming and the River City Group where he was the publisher of iGamingNews. He lives in St. Louis, Missouri.
Mark Balestra
Mark Balestra is the Managing Director at BolaVerde Media Group. He previously worked at Clarion Gaming and the River City Group where he was the publisher of iGamingNews. He lives in St. Louis, Missouri.