October 2009
Looking for news archives from before October 2009? Click here for older gambling news (2004-2009).
New Proposal to Buy WPTE by Mandalay Media
The board of directors for World Poker Tour Enterprises put the brakes on quickly when they heard the announcement made by Mandalay Media, Inc that it has increased its proposal to acquire WPT for $36.5 million, consisting of $28.5 million in cash, $5 million in Mandalay Media stock and perpetual revenue participation rights, guaranteed to be at least $3 million. The estimated value to shareholders per share is $1.77, including the guaranteed portion of the revenue participation rights.
PartyGaming Shares Rebound
The online gambling company PartyGaming was dealt a severe blow recently when it's co-founder decided he would sell his stake in the firm. Analysts in the world of finance have weighed in with various opinions and are now coming to a consensus on the company's prospects in the market. It was noted by one analyst while the shares have suffered in recent sessions, the outlook for the group "has not deteriorated".
Tain AB Integrates OddsMatrix Full Offering
Tain AB has been around for a long time in the world of internet gaming. Since 1999 the technologically driven company has been developing platforms for online gaming as well as solutions for sportsbook operations. Expekt's sportsbook was built by this company and is considered a real success in the world of online sports betting. The betting exchange was developed by them too with casino games introduced back in 2003.
Betfair Play LA Team Up for Breeders Cup Horserace
A company that specializes in the online gaming sector, Play LA Inc. operates a network of multi-language websites across the UK and Europe for those looking for the unique sports betting news and odds. The advertising and publishing company also provides gaming tips and advice, tournament information and promotions on various online gambling web sites.
Best Time for Betting on Sports
Sports are really hot these days in the online gambling world. Sportsbooks are surging with early bets on the exciting matches coming. The NBA championships and the World Series are the peak of the sports betting season. October’s end and November’s beginning marks the start of the busiest time of the year for both the wagers on sports websites and for punters around the globe. The NFL season which continues, and the MLB world series along with the best basketball has to offer makes the options for the punter enormous.
Payments Prevented From Internet Casinos USA
Online gambling sites are being stopped by being not allowed to make transactions with their customers. The federal government, continues to seize consumers funds and is using fear as a destructive tactic to get consumers to not play at online casinos. Accounts allegedly connected to online payments from casinos have been seized by officials. The Baltimore City Paper, recently reported that $365,000 in two accounts owned by Atrium Financial Groups were taken under warrant.
Unibet Considers Continuing Court Battle in France
Recently in France the company Unibet lost it's fight in court with Fédération Française de Tennis (FFT), or the French Tennis Federation. The company was ordered to pay a fine of 1.3 million euros, a substantial sum of money.
GTECH G2 Newest Software Update
GTECH is a leading gaming technology and services company. with 6,200 people working in over 50 countries. The firm provides innovative technology, creative content, and responsible service delivery to manage today’s evolving gaming markets. GTECH is a wholly-owned subsidiary of Lottomatica, one of the world’s largest commercial lottery operators. With it's recent introduction of a new division called GTECH G2 the company is bringing together an offering of interactive games and services, from some of the world’s leading gaming companies.
Online Gambling's Betfair Meets at Watercooler
Watercooler, founded by a team of social networking and community software professionals in Mountain View, California USA, in November 2006, was then considered to be just another application. Now the company is making a play with online gambling concern Betfair. The Australian operations of Betfair are about to put the some faith into the social networking supplier. The social networking application has enrolled 26 million punters in just 2 years in Australia, with the company boasting that it has 40 million worldwide connected sports and TV entertainment fans.
Sikkim India Next for Online Gambling
According to the Independent newspaper, Betfair and William Hill and unconfirmed Bwin are moving for licences in the jurisdiction of India. It's a little like a horse race, the thoughbreds are the post and ready for the gates to open. India is a huge and ready market for online gambling. These two seasoned businesses as well as others are primed for the action. India's growing population of 1.2 billion is also becoming some what wealthier in certain states. The Net has only come so far in rural areas, but is expanding in strides in the richer regions.
