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Betinternet Signs for Further Two Years with Iforium

September 19, 2008 (InfoPowa News) -- The online gambling software developer Iforium has announced the extension of its agreement with to power its sports betting portal on the Wagerflex platform for the next two will continue to benefit from Iforium's complete sports betting and common wallet solution, a company spokesman said. The Wagerflex platform gives access to a number of core modules including full event content and risk management plus a flexible approach to all future projects.Part ... Read more

Continuing Jackpots Make Player Wealthy

September 19, 2008 (InfoPowa News) -- Blackjack Ballroom player MissMA has experienced a string of jackpot wins since April 2001 that have amassed a total of $657,290 over 10 jackpots -- surely something of an online gambling record. Each win over the years has been over $20,000, with the biggest single payout amounting to $183,000. Last week, she made her most recent win of $40,989 on the popular video slot Cash Splash 5 Reel at Blackjack Ballroom. "I used to ... Read more

Suitors Start Lining Up for F de J (Update)

September 19, 2008 (InfoPowa News) -- The move by the French government to comply with European Union free movement of trade and services requirements by privatizing its gambling monopoly Francaise des Jeux (see previous report) has been the subject of growing speculation this week.Analysts at the Carnegie Investment Bank said the news that F de J may be privatized in anticipation of regulated and licensed online betting by the end of 2009 could be positive for the likes of Betsson ... Read more

PPA Backs Next Moves on HR6870 (Update)

September 19, 2008 (InfoPowa News) -- The dust had hardly settled on this week's House Financial Services Committee approval of Barney Frank's HR 6870 Payments System Protection Act (see previous report) when the Poker Players Alliance announced its support for the latest attack on the UIGEA -- amendments and all.In a statement issued immediately after news of the favorable vote broke Tuesday, the PPA chairman, former U.S. Senator Alphonse D'Amato, said: "The PPA is pleased that the House Financial Services ... Read more

Tabcorp Launches Luxbet

September 19, 2008 (InfoPowa News) -- Tabcorp, the giant Aussie bookmaker, has launched its new Northern Territory-based bookmaking business Luxbet, which will operate as a stand-alone business to the New South Wales and Victoria TABs. Tabcorp's latest venture follows huge growth in the bookmaking industry in the Northern Territory, estimated by Tabcorp to generate revenues of over AU$4 billion this year, due to regulatory differences between the territory and other states. Luxbet will offer products Tabcorp has been unable to ... Read more

New Flash Video Slot from Microgaming

September 19, 2008 (InfoPowa News) -- Isle of Man-based online gambling software developer and turnkey provider Microgaming has launched its much anticipated Flash technology video slot "Bill & Ted's Excellent Adventure," at th same time debuting two flash versions of player favourites Cashapillar and Avalon.Flash games, proving a huge hit with the players; allow users to play immediately via their web browser, delivering instant access to the action.The "Bill & Ted's Excellent Adventure" licence deal is another great coup for ... Read more

Lasseters Funding Hassles Cause Suspension of Trading

September 19, 2008 (InfoPowa News) -- The parent group of Australian online gambling group has announced the voluntary suspension of trading in its shares on the Australian Stock Market, citing uncertainty of funding from Lasseters International Holdings Limited. The suspension will last for one month or until Lasseters and its parent company can come to an agreement. Last week the company revealed a 49 percent decline in operating revenue from the previous year and said poor results continued to ... Read more

Expanded European Effort from Boyle Sports

September 19, 2008 (InfoPowa News) -- Irish online bookie is preparing to spend an estimated €3 million to extend its online reach to Spain and other countries in Europe, the Irish Times reports. The company has enlisted a former Bwin Interactive Entertainment executive, John Overett, to lead a 20-person development team in the creation of websites and products for new markets. Daniel O'Mahoney, chief executive of Boylesports, told the paper a Spanish-language website will launch within the next two ... Read more

Merrill Lynch Advising French on Future of French Gambling

September 19, 2008 (InfoPowa News) -- The French government, currently working on legislation aimed at opening up its previously monopolized online gambling market in order to comply with European Union requirements, is being advised on the the privatization of national lottery and gambling company La Francaise Des Jeux via a share flotation sometime next year by Merrill Lynch professional business services.According to the newspaper Les Echos, Christophe Blanchard-Dignac, head of La Francaise Des Jeux, has revealed that the company was ... Read more

IGT UK Absorbs WagerWorks

September 19, 2008 (InfoPowa News) -- IGT-UK and WagerWorks announced a restructuring of their respective UK businesses this week, and as a result of which, the UK operations of WagerWorks are to be integrated into the IGT UK activities. Both companies are IGT subsidiaries.The merged operations will be managed by newly appointed Oliver Lofthouse as Director and General Manager. He was previously a Director at Mars Snackfoods, holds an MBA, and will replace John Wimsett, who has recently been appointed ... Read more
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