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Entraction Reports Rise in Profits for First Half of 2008

August 28, 2008 (InfoPowa News) -- Entraction, the Swedish betting group formerly known as 24hPoker, has joined the growing number of public companies reporting good online casino results. In its half -yearly report this week, casino revenues were the stars of the reporting period, showing a gain of 285 percent to SEK 26.3 million (H1 2007: SEK 6.9 million) The group's net profits rose to SEK 15.8 million for the six months to June 2008, up from a loss of SEK ... Read more
 

BetonSports Founder Makes Another Bid for Freedom

August 28, 2008 (InfoPowa News) -- Having failed to secure release from custody on bail due to health problems, BetonSports founder Gary Kaplan's legal representatives renewed their application for his release on Speedy Trial Act grounds this week.  Almost seventeen months in detention without trial proceedings is excessive, suggest the lawyers, an argument that could apply to the former CEO of the now moribund company David Carruthers who has been under house arrest in St. Louis even longer. Magistrate Judge Mary ... Read more
 

Vancouver Sun Reports Bodog Empire "Continues to Crumble"

August 28, 2008 (InfoPowa News) -- The controversial Bodog group remained in the headlines this week following allegations that the company was in trouble and cutting hundreds of jobs in Canada (read previous story here). In sharp contrast to a very positive statement given to InfoPowa by Morris Mohawk Group's CEO Alwyn Morris earlier in the week, Vancouver Sun writer David Baines claimed that the Bodog online gambling empire "continues to crumble." Baines bases his report on a number of factors -- ... Read more
 

Engaging with the Industry

August 28, 2008 (InfoPowa) -- Engaging and communicating with a range of online gambling parties is the motivation for the latest initiative launched by the independent affiliate program Income Access, which has announced the introduction of an online video channel and industry blog. (Remember, you heard it at CAP first.)  The company says that its latest tactical move is aimed at more actively participating in the wider online gaming community. "Through these content channels, Income Access intends to engage other ... Read more
 

Dynasty Snaps Up Asian Companies, Changes Name

August 28, 2008 (InfoPowa) -- Silva Ford Technology Limited, a Chinese software distribution company, and BaiYou Digital Technology Company Limited, which has prepaid card interests in Asia, are to be included in the Dynasty stable following a complicated reverse takeover exchange of shares that will ultimately see the Dynasty group renamed as "PC Stars Inc."   The total consideration involved is "not to exceed $105,000,000" according to a company statement on the deal. This is payable by the issuance and delivery ... Read more
 

Swedish Monopolies Are Being Chipped Away

August 28, 2008 (InfoPowa) -- For seventy years the Swedish welfare state has imposed monopolies on gambling, alcohol, and pharmacy products, but its membership in the European Union, and that body's policy of free movement of trade and services, has enabled entrepreneurs to chip away at the monolithic structure, according to an article published by the Financial Times Deutschland this week. The piece uses online gambling group Betsson's defiance of the monopolistic policies on gambling as an example, recounting that the ... Read more
 

Record Half-Year Results from 888

August 28, 2008 (InfoPowa News) -- The Gibraltar-based online gambling group 888.com released its H1 2008 numbers this week, basking in the achievement of record half year results and its seventh consecutive period of quarter-on-quarter growth.  CEO Gigi Levy reported pre-tax profits up 39 percent to $26.3 million during the six month period to the end of June, compared with the $18.9 million recorded in the same period last year. EBITDA was up 63 percent to $28.3 million from $17.4 ... Read more
 

ACF-Webmasters Changes Affiliate Rate, Redesigns Website

August 27, 2008, Paris -- ACF-Webmasters is increasing affiliate commissions starting on September 1, the company announces in a news release today.  The changes include a CPA from €20 to €50 on a hybrid (%+CPA) option added to a monthly fixed bonus by Rank (plus a 10% life commission); 50% of commissions made during the first two months; and a bi-tracking option that allows the accumulation of commissions and CPAs acquired on Poker and Casino. These new commission rates will ... Read more
 

CryptoLogic Seeing Success in Asia

August 27, 2008 (Dublin, Singapore) -- CryptoLogic Limited's investment in Mahjong Time, a provider of online mahjong software and an official partner of the World Series of Mahjong, has helped the Internet gaming software company take major strides in Asia. Mahjong Time has recently signed a licensing agreement under which the company gains access to 50 per cent of the Internet cafés in China. "All of CryptoLogic's Asian investments are meeting or exceeding their targets -- and ours. We knew the ... Read more
 

Republican Position on UIGEA Goes Back and Forth

August 27, 2008 (InfoPowa News) -- One of those interesting online gambler political initiatives took place over the last few days when the Poker Players Alliance suggested to US fans that the Republican Party Platform Committee might be a good place to make their views known. The Platform Committee is responsible for presenting the party's platform or manifesto, and runs a website where suggestions and comments on what should or should not be on the platform can be posted. By all ... Read more
 
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