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FRAUD RAMPANT ON THE WEB

FRAUD RAMPANT ON THE WEB A million fraud attacks stopped in Q1 of 2008...and that's by just one company! The fraud protection and device reputation authority Iovation reported the startling news this week that it has been instrumental in its customers killing more than a million online fraud attempts in the first half of 2008.   The company has processed more than one billion device reputation queries this year, and reported that in the first quarter of 2008 alone it helped customers block over ... Read more
 

RESPONSIBLE GAMBLING ALERT

RESPONSIBLE GAMBLING ALERT Online operators would do well to watch a developing class action in Canada Online gambling operators could regard a developing class action in Toronto, Canada as a wake-up call when it comes to enforcing responsible gambling provisions.  The class action is against land casinos, but the implications for online operators are clear. Thousands of problem gamblers in the Canadian city have launched a $3.5 billion class action lawsuit, saying they were allowed into land casinos operated by the Ontario provincial government ... Read more
 

MAJOR ONLINE GAMBLING TRIAL STARTS IN CHINA

MAJOR ONLINE GAMBLING TRIAL STARTS IN CHINA Twenty accuseds and over a billion in wagers alleged in Internet gambling ring case The Chinese media are reporting on what is alleged to be the country's biggest online gambling bust this week as the trial of 20 gambling ring employees commences in the Kunming Intermediate People's Court in Yunnan Province. Wagers totalling 8.68 billion yuan (around $1.24 billion) were allegedly taken from a player base of 5 198 by the ring between August 2006 and ... Read more
 

FRANCE TO SELL OFF PART OF GAMBLING MONOPOLY

FRANCE TO SELL OFF PART OF GAMBLING MONOPOLY Stake in Francaises des Jeux to be reduced A French government announcement is believed to be imminent, disclosing that the French state plans to sell off an as yet unknown stake in the French gambling monopoly Francaises des Jeux, reputed to be the world's third largest lottery company with 29 million gamblers every year, generating annual sales last reported at Euro 9.5 billion. La Française des Jeux is a semi-public company, in which the French State ... Read more
 

PLAYTECH FAVOURED BY LEADING ANALYST

PLAYTECH FAVOURED BY LEADING ANALYST J.P. Morgan initiates coverage of online gambling software developer with a bullish prediction Good news for investors in the online gambling software developer and turnkey provider Playtech plc this week is that leading analyst firm J.P. Morgan has initiated coverage of the company with an "overweight" rating and positive predictions for its future. The target price is set to 700p. In a research note published yesterday, the analyst company opines that Playtech is likely to generate above-average revenue ... Read more
 

BETBROKERS IN TROUBLE

BETBROKERS IN TROUBLE Bets rejected due to funding shortage The London-listed online betting firm Betbrokers has confirmed that it is turning down bets due to a funding shortage, British business media reported this week.  Founded 4 years ago by Wayne Lochner the internet gambling business places bets for anonymous high rollers and has among its directors highly experienced businessman Derek Tullett and Eddie Jordan, the former Formula One motor racing team boss.  Lochner, the chairman and chief executive, told The Times that ... Read more
 

UK BINGO PLAYERS SPEND BIG

UK BINGO PLAYERS SPEND BIG British bingo websites are generating serious revenues despite the credit crunch The online bingo information and monitoring website BingoPort.co.uk reports this week that UK Internet bingo players are spending well over GBP 600 million each year on bingo tickets.  The site claims that Sun Bingo maintains its position as the number one online bingo site in the UK, with a 19 percent market share based on the value of bingo tickets sold and prizes distributed back to players. ... Read more
 

WILLIAM HILL PLANS MAJOR EXPANSION IN ONLINE SPORTSBETTING

WILLIAM HILL PLANS MAJOR EXPANSION IN ONLINE SPORTSBETTING New online sports betting platform planned for November as CEO focuses on the Internet One of Britain's largest gambling groups, William Hill plc has ambitious plans to raise its Internet sportsbetting gross win by 50 percent with the introduction of a new software platform in November 2008. 20 percent of Hill's gross win already comes from Internet activity, but CEO Ralph Topping told Reuters reporters this week that he aims to increase this to 25-30 ... Read more
 

GERMAN ONLINE GAMBLING NUMBERS UP

GERMAN ONLINE GAMBLING NUMBERS UP 2.2 millions Germans gamble online, Forsa study finds The German research body Forsa reports that some 2.2 million Germans regularly gamble online, with over 700 000 accessing the lotto over the Internet and around 430 000 playing online poker. Forsa's study for ICT and Bitkom also discovered that 500 000 Germans bet online on sports events, with 96 percent of those betting on Bundesliga matches and every sixth gambler gambling on large football events.  Research and Markets numbers ... Read more
 

BRIT MOBILE GAMBLING FIRM ACQUIRED BY IGT

BRIT MOBILE GAMBLING FIRM ACQUIRED BY IGT Founder Chris Sheffield stays on as IGT enters mobile gaming market The md of IGT in Britain, Robert White, has announced the acquisition of Manchester-based mobile gaming company Million-2-1 after a two year partnership with the firm, marking IGT-UK’s entry into the mobile gaming market. The consideration paid by IGT was not disclosed. Founder Chris Sheffield will remain with the company, taking up a new position of Director and General Manager of the combined remote gaming ... Read more
 
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