Author: imp

BETONSPORTS FOUNDER REMAINS IN JAIL And almost two years on, ex-CEO Carruthers still awaits trial on federal online gambling related charges David Carruthers, the ex-CEO of BetonSports plc still languishing under house arrest in St. Louis, is not the only one awaiting trial on federal charges related to the operations of the now defunct online gambling group - the…

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,…

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…

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…

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…

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…

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…

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…

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…

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…