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Good Second Quarter for Entraction

September 2, 2008 (InfoPowa News) -- The online poker company formerly known as 24hPoker, Entraction Holding AB in Sweden and Malta, has posted a commendable net profit of SEK 8.4 million -- all the more remarkable when compared to last year's SEK 11.3 million loss.  Net revenues of SEK 77.6 million were achieved, 48.4 percent up on the same period in 2007, with casino revenues growing at SEK 14.6 million and poker revenues reaching SEK 51.9 million. Entraction Holding AB, through ... Read more

Betting Shops Open in Spain's Basque Country

September 2, 2008 (InfoPowa News) -- Spain's remarkable libralization of gambling continued this week with the news that Ekasa, a joint venture between Basque gaming companies, has opened the region's first betting shop in Bilbao.  Additional shops are planned for the area, including Eibar and Vitoria. Each of licensee is allowed to open 25 betting shops with a maximum of 500 terminals under the new licencing regime. The opening coincides with the return of football season in Europe, one of the ... Read more

"Three Times More Fun" with Latest Wagerworks Roulette

September 2, 2008 (InfoPowa News) -- IGT's online gambling software provider subsidiary Wagerworks released its latest new game this week, claiming that "3 Wheel Roulette" offers the player three times more chances to win on every spin.  Using a standard roulette table betting system, the game offers entertainment as well as a new Colour Up Bonus feature. By placing a bet on the Colour Up Bonus, the combination of the final numbers from the three wheels makes the player eligible ... Read more

World Series of Slots Launches

September 2, 2008 (InfoPowa News) -- Jackpot Factory online casino group is pushing the boat out this week with its All Slots Online $500,000 World Series of Slots: a series of slots tournaments running between September 1st and November 10th, offering a record-breaking half a million dollars in cash prizes.  Departing from the model used in previous free slots tournaments hosted by All Slots, the structure of the $500,000 WSOS offers players slots tournament excitement and cash prizes throughout ... Read more

Spin Palace Goes Mobile with Spin3

September 2, 2008 (InfoPowa News) -- Spiral Solutions' full-service mobile gambling provider Spin3, powered by Microgaming, has partnered with online gambling casino Spin to launch a new mobile casino product. A Spin Palace spokesperson said this week that while the company had enjoyed some exposure to the mobile casino market, it was clear that it needed a first-rate partner to deliver a mobile casino compatible and of the same quality as its online offering.  "With the turnkey GameWire solution providing ... Read more

Revenues Up, Royalties Down at Parlay

September 2, 2008 (InfoPowa News) -- Despite a 16 percent growth in half yearly revenues, Canadian bingo software provider Parlay Entertainment had to report a loss of US$8,546 this week, thanks mainly to an 18 percent dip in royalty income and rising operational expenses. The company has also just settled a patent dispute with 1st Technologies LLC for an as yet undisclosed sum that will probably impact the bottom line in the second half of the year. Revenues for the first ... Read more

China's Untapped Poker Market

September 2, 2008 (InfoPowa News) -- Poker has a great and expanding future in the vast Chinese gambling market, and appeals to mahjong and big-deuce players because of the similarities with mathematical odds and strategy, say experts in the game in a report carried this week in the Hong Kong Standard newspaper.  The article is topical with the 2008 APT just completed in Macau, and the APPT commencing in the region, amid claims that the Texas Hold 'Em poker craze ... Read more

OPAP Wants the Turkish Lotto

September 2, 2008 (InfoPowa News) -- The Greek gambling monopoly OPAP is spreading its wings with plans to tender for the Turkish government's Milli Piyango lotto, which is being privatized. OPAP's chief, Christos Hadjiemmanouil, revealed this week that his company, in partnership with Turkish business groups Dogus, which owns Garanti Bank, FIBA, and contractor Alarco, is submitting a tender. Speaking to the Greek newspaper Daily Kathimerini over the weekend, Hadjiemmanouil said: "We want this project, we want to get into the ... Read more

PartyGaming Achieves eCOGRA Accreditation

September 2, 2008 (InfoPowa News) -- London-listed PartyGaming plc, one of the industry's largest online gambling groups, has announced that three of its key operations have passed the stringent Safe and Fair accreditation process of the player protection and standards non-profit organisation eCommerce and Online Gaming Regulation and Assurance (eCOGRA). Commenting on the awards, eCOGRA CEO Andrew Beveridge said: "After extensive testing and inspection by the eCOGRA professional compliance team, PartyGaming passed with flying colors.  "Our independent directors have awarded the ... Read more

Fast Expansion for Online Bank

September 2, 2008 (InfoPowa News) -- It's been barely six weeks since the industry saw the launch in the UK of, an online banking initiative owned by Indonesian billionaire Putra Sampoerna (61), but the venture is apparently growing like Topsy, with new launches this week in France, Italy, and Germany. Ivobank specializes in online payments and money transfer services, making it the subject of considerable interest among online gambling operators, affiliates, and players. Offering faster and cheaper cross-border and online payments, ... Read more
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