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YOUNG CANADIAN ADULTS PREFER TECHNOLOGY DRIVEN GAMBLING

YOUNG CANADIAN ADULTS PREFER TECHNOLOGY DRIVEN GAMBLING Under 35 year olds doing more online gambling A report in the Montreal Gazette, based in the closest Canadian city to the Kahnawake First Nation enclave which licences and hosts many online gambling companies, reports that young adult Canadians under age 35 are probably gambling more on technology driven games, whilst older generations are in general gambling less. The newspaper was quoting an expert paper by pollster Allan Gregg, who told the 2008 Canadian Gaming Summit ... Read more
 

NETELLER CONCLUDES CALGARY PROPERTY SALE

NETELLER CONCLUDES CALGARY PROPERTY SALE Revised closing date is end June 2008 The Isle of Man based e-cash processor Neteller plc has signed a revised agreement for the sale of its Calgary property to Leben Investment Corporation. The revision means that closing will now occur end June 2008,  allowing Neteller to receive two further non-refundable stage payments in addition to the non-refundable deposit of CAD$ 1.3 million received to date. NT Services Building Corp. acts for the parent group in the negotiations, signing ... Read more
 

MORE PLAYERS AND GOOD REVENUES FOR BETSSON

MORE PLAYERS AND GOOD REVENUES FOR BETSSON Swedish online gambling company delivers sterling Q1 results With player acquisitions up 20 percent and revenues in Q1 2008 rising 54 percent, it's no wonder that the management at the Swedish Betsson online gambling group are confident for the year ahead.  The company released its Quarter 1 2008 results this week, showcasing revenues of SEK 228.8 million, up 54 percent on the SEK 148 million recorded in the same perios last year. Pre-tax profits rose ... Read more
 

FRENCH TENNIS COMPLAINT DISMISSED

FRENCH TENNIS COMPLAINT DISMISSED Online gambling companies prevail in litigation over FFT attempt to stop betting The European Gaming and Betting Association has welcomed a decision by a Belgian court in Liege against a French Tennis Association complaint which sought to prevent online gambling groups such as Bwin, Ladbrokes and Betfair from taking bets on the Roland Garros French Open and Paris Masters 2008. In three rulings issued this week in cases brought forward by the French Tennis Federation (FFT) in Belgium against EU licensed ... Read more
 

NEW SLOTRIS AT SLOTLAND

NEW SLOTRIS AT SLOTLAND If you like Tetris, this one may appeal to you... Slotland has announced the launch of an intriguing new game this week - a Tetris-like online slot machine that is two games in one, both inspired by the popular game of falling-blocks considered by some to be the best video game ever.  The wheels on Slotland's new Slotris online slot machine spin the familiar multi-coloured cubes and the same squares fall into place on the grid of the ... Read more
 

ANOTHER QUEEN'S AWARD FOR BETFAIR

ANOTHER QUEEN'S AWARD FOR BETFAIR Betting exchange concept recognised as a major and innovative success Online gambling group Betfair has again been recognised by a Queen's Award for Enterprise - the second in its eight year corporate history. Five years ago the company achieved the award in the Innovation category for creating the first successful betting exchange, a new concept that meant a better deal for customers and greater protections within the betting industry.  Since then, Betfair has grown substantially from a company ... Read more
 

GOOD QUARTERLY GROWTH AT UNIBET

GOOD QUARTERLY GROWTH AT UNIBET First quarter gains include a foreign exchange boost on operating items of GBP 2.4 million The Malta and UK based online gambling group Unibet published positive first quarter results this week, recording an increase in gross win revenues to GBP 31.3 million (2007 Q1: GBP 21.6 million) However, pre-tax profits dropped to GBP 2.9 million (Q1 2007: GBP 8.8 million). Currency exchange losses of GBP 5.6 million were incurred on a Euro 100 million bond Unibet took out ... Read more
 

AUSSIE ONLINER STOLE AUS$340 000 TO FEED ADDICTION

AUSSIE ONLINER STOLE AUS$340 000 TO FEED ADDICTION 32 year old financial adviser tells criminal court he is sorry The tragic consequences of gambling addiction were on display in an Adelaide, Australia law court this week when former financial adviser Kym Andrew Sellers (32) admitted liability and apologised to his victims and former employer. ABC Online reports that the former financial adviser stole more than Aus$340 000 from clients by selling shares belonging to his customers at the Adelaide firm Taylor Collison. The money ... Read more
 

REGULATION AND LICENSING FOR DANISH ONLINE GAMBLING MARKET (Update)

REGULATION AND LICENSING FOR DANISH ONLINE GAMBLING MARKET (Update) Speculation appears to be based on firm information The wide speculation last week that the Danish government may be changing its policy toward online gambling (see previous InfoPowa reports) has to some extent been confirmed this week by many media reports that regulation and licensing is now being seriously considered. The Danish minister for taxation, Kristian Jensen, told the Danish national radio that the government was preparing to open up its previously monopolistic system ... Read more
 

POLISH INTEREST IN ONLINE GAMBLING CONFIRMED

POLISH INTEREST IN ONLINE GAMBLING CONFIRMED Business journal reports factors that influenced the move to legalise The Warsaw Business Journal has confirmed last week's news that the Polish government is about to take a more pragmatic and positive view on the regulation of online gambling (see previous InfoPowa report) The Journal confirms that Deputy Finance Minister Jacek Kapica has intimated that the government plans to legalise online gambling by the end of the (2008) year, a radical change in direction from the position ... Read more
 
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