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Rob van der Gaast Gaming Guru - Page 29A Profitable Prognostication for William Hil9 July 2003
Amid a sluggish global economy and the many challenges faced by wagering companies in the United Kingdom and worldwide, British bookmaker William Hill continues to put up impressive numbers.
The company's financial results for the 52-week period ended Dec. 31, 2002, during which the group floated on the ... (read more)
Romania's First Online Casino1 July 2003
Romania, one of the poorest countries in Europe, entered the Internet gambling space June 25 with the launch of Danube Casino, the nation's first online casino.
The site is the creation of Nicolae Sfetcu, the maverick owner of Multimedia SRL and this year's winner of the prestigious Business Initiative ... (read more)
A Victory for Holland's De Lotto over Foreign Operators1 July 2003
Today the Dutch court in Arnhem, in interlocutory proceedings initiated by Dutch games-of-chance-monopolist De Lotto against 21 foreign Internet gambling sites, decided that foreign gambling companies have to make their Web sites inaccessible to residents of the Netherlands.
The gambling sites at issue are offered from all over the world, e.g. ... (read more)
Dutch Gaming Monopoly Successful in Court against Online Sports Books18 June 2003
De Lotto's summary court case versus a group of Internet sports betting sites today took a strange course. Just before the case started, 62 of the 85 defendants agreed to stop targeting Dutch punters by blocking them electronically.
De Lotto, the Dutch sports betting monopoly, won a summary proceeding in ... (read more)
Dutch De Lotto Takes Further Action against I-Gaming Operators17 June 2003
The Dutch sports betting monopoly De Lotto is summoning the owners of some 40 international online sports betting sites to appear in the Dutch court for summary proceedings in Arnhem tomorrow.
The complaint concerns Internet gambling sites worldwide, including those in Malta, such as Mr. Bookmaker from Malta, Gameday from Curacao, Gamebookers from Antigua and Score Sportsbook from Costa Rica. ... (read more)
Another Winning Year For Austrian Lotteries27 May 2003
The Österreichischen Lotterien GesmbH, the monopolistic Austrian Lotteries, had a record-breaking year in 2002 with a turnover of 1.29 billion euro (an increase of 3.9 percent from 2001) and the group is doing even better this year.
The total turnover for the year 2003 (as of week 20) is 525.0 million euro ( a 1.3 percent increase from last year). ... (read more)
Strong Performance from Ladbrokes Helps Hilton Group21 May 2003
Hilton Group, the global hospitality and betting company, reported for the first four months of 2003 profits 25 percent lower than last year. The numbers could have been worse had it not been for a strong performance from its Ladbrokes gaming division.
Overall, the group's performance is expected to be ... (read more)
BetandWin Reports Increased Losses25 April 2003
Austrian sports betting group BetandWin this week released its annual financial report for 2002 and in doing so broke the news to shareholders that its net loss rose from EU12.9 million to EU13.4 million and its negative EBIT could be reduced from EU13.4 to EU11.2 million.
The EBITDA was negative EU6.4 million from negative EU10.3 million in the preceding year. ... (read more)
Denmark's New 'Games, Lotteries and Betting Act'24 April 2003
In 1998 the Danish Ministery for Taxation announced plans to shake up Denmark's national gambling legislation. The plans culminated with the passing of the new "Games, Lotteries and Betting Act" on March 25, 2003.
In December 1999, the tax minister established an inter-ministerial working group to pave the way for the modernization and unification of the existing gaming legislation. ... (read more)
The EU Court of Justice Will Overthrow Dutch Internet Gambling Rulings18 March 2003
Two Dutch lower courts ruled several weeks ago that access to Internet gambling sites by Dutch residents should be blocked and advertising Internet gambling services within the country should be stopped immediately. Ladbrokes (UK) and Paramount and Universal Amusements, the operator of Casino Lux (licensed ... (read more)
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