The first half of 2010 NetPlay TV saw an increased revenue growth of 11%; unfortunately its losses have more than doubled compared to last year after the failed 6 month trial-period ITV product “Bingo Stars”.

NetPlay concluded an agreement with ITV to air a bingo game called “Bingo Stars” in April this year.  Unfortunately,  “Bingo Stars’, new software gaming format “underperformed and we were disappointed since our forecasts has not been met,” said Clive Jones, NetPlay’s non-executive chairman in an interview today.  According to the statement it indicated that the first half of the year was a “difficult period” for the company and the losses incurred to date will most definitely have an adverse impact on its full year results.

Combined revenues increased from 21% to £11.31m from £9.34m in 2009 company has seen its profit margin increase substantially following its investment in its terrestrial teleshopping partnership with Channel Five …

The Danish government has suspended all online gambling operations for the time being until the so called “black period” has passed.  In the mean time Betsson is uncertain whether or not to apply for a gaming license in Denmark.

The Chief Executive,  Pontus Lindwall of Betsson AB has voiced his concern in an interview with eGR over the so called ‘black period’ and said that his Company has informed the European Commission that such a rule is in direct conflict with EU law.”

The Danish parliament has promulgated a draft last June that okayed the “black period”; the reason for the implementation of this was to safeguard Danske Spil from foreign gaming exploitation.  Those operators who don’t possess any licenses IP ranges will be monitored by censures implemented in the draft also contains provisions for IP and payments blocking against unlicensed operators.

Irrespective of the issuing off licenses delay until …

GVC Holdings is an internet sports betting and wagering company released its first positive press release since its inception on London’s Alternative Investment Market (AIM) earlier this year. GVC Holdings is in partnership with Latin American business Betboo announced that they have made good on their ROI and yielded record revenues for the month of September so far.

GVC Holdings joined the AIM in May, having been registered domiciliation from Luxembourg to the Isle of Man last year. GVC is the owner of Betboo, an internet bingo, casino, poker and sports betting site in Latin America.

Betaland an Italian based internet sportsbook and German Casino Club has seen a dramatic rise in their net gaming revenues which rose from by 8% to €28.1m for the six months ended June 30 in comparison to the same period in 2009. Unfortunately its EBITDA has dropped significantly from €6.6m in 2010 as opposed to …

The world seems to hold its breath, hoping that online gambling legislation might be revised and permitted in the world’s biggest economy-the United States.

Online gambling became prohibited in the US, after a bill was passed by America’s least popular president Bush in October 2006.  Those who championed the legalization of online gambling in the US are eager to see the bill enforced.

In 2010 alone four states in the US have considered to review its internet gambling policy to legalise a combination of internet poker, casino gaming and sports wagering.  In the nation’s Capitol a House committee has okayed legislation that would permit egaming between and among participating states and Indian nations.

Chief executive of PartyGaming, Jim Ryan reckons the future is looking much rosier for online gaming operators on both sides of the Atlantic now that the US is prepared to revise its online gambling policy.

It’s important …

World cricket is in a crisis!  Is this the end of the gentleman’s game? Can one ever trust cricket players again?  This is some of the despairing comments making newspaper headlines across the globe the last week after four Pakistani players have been found guilty of match-fixing.

“It’s probably the biggest cricketing scandal since the fall of Hansie Cronje”, Haroon Lorgat, CEO of the International Cricket Board (ICB) said.  Another dark cloud hangs over the sport because Mazhar Majeed, the agent of many Pakistani players has been arrested for allegedly bribing players.  Scotland Yard is investigating more than 23 charges against the players and their agent and cricketers have also been ordered to appear before the ICB.

The fact that Pakistani captain Salman Butt and fast bowlers Mohammed Amir, Mohammed Asif and Wahab Riaz are also alleged to be involved brings into question the result of an already controversial Test …

Amuso.com has suspended its cash trivia and internet bingo operations and the Company has entered into voluntary liquidation after experiencing “severe problems with software from third parties” as well as its inability to cover its financial obligations according to eGaming Review.

With special reference to the above its main shareholder and investor Mangrove Capital Partners, invested US$1.5m in August 2007 since its inception, according to the report,  “theydecideded to pull the plug on the business moving forward” and will no longer inject much needed cash into it to keep the company afloat.  Several Angel investors also bankrolled Amuso.com, unfortunately this business venture has gone down the tube for them and most hope that they will receive some of the funds they’ve invested when the company is sold.

Amuso ventured into a commercial venture, with internet gaming network vendor Cashball and Swedish technology provider Nyx Interactive in the hope of creating a …

There’s a distinct possibility that William Hill might purchase UK state-owned betting firm the Tote, irrespective of competition that might boycott the buy.

The bookmaker wants to broaden its horizons in the UK after making its press release statement, announcing that it expressed interest in buying the Tote and its main competitors Paddy Power and Ladbrokes has also indicated interest in the potential acquisition.  William Hill Online also boasts a very lucrative campaign.

Secretary of State Jeremy Hunt commented the previous week, “expressed that the UK government is not interested in part in keeping the Tote as a segment of the public sector”. Presently board members of the Tote are appointed by the government.

Chief Executive of William Hill, Ralph Topping, commented: “We must ensure that this acquisition is an “open market” sale we believe that the Office of Fair Trading needs investigate alternative routes pertaining to age old competition …

Most internet casinos are targeting the online mobile or cell phone market aggressively nowadays and regard it as an untapped market that holds massive potential in revenue. In 2005 Jupiter Research indicated that the mobile gaming market revenues could sky rocket to up to $20bn within the next couple of years. 

Unfortunately, the mobile gaming industry has not yet been exploited effectively to date by most intent gaming companies. However, the mobile gaming industry has it set of headaches and it offers clients limited handsets and requests its users to log in and out of various portals to gain access to a variety of services. A player’s experience is further handicapped by the lack of professional customer service in both gaming and sportsbook arenas. 

This in turn has a negatively impact on a player’s experience and hampers market development in one of the most important revenue generating segments. In addition, …

It might be a very long shot in the dark, but there is a distinct possibility that the US Congress might allow internet gambling once again in the US.  The existing ban has been lifted somewhat the previous month by The House Financial Services Committee; this will enable the full House to at least vote on the bill irrespective of stern opposition from the Republicans.

The US government is in dire need of cash; as a result of the ensuing recession in the country it has become rather difficult to always turn a blind eye, especially if billions of dollars are at stake in potential tax revenue.  According to the Congress’ Joint Committee potential revenue that could be harnessed in tax revenue within the next 10 years could be as much as $40 billion.

In comparison with a deficit of trillions of dollars this figure is minute, however at the …

Frank Fahrenkoph, AGA’s (American Gaming Association) president is set to keep close tabs on how matters are progressing in congress with regard to the UIGEA, he said:  “AGA is open to any suggestions with members of congress, at this point in time it’s best to keep a low profile”.

The AGA president since his election as president 15 years ago has made some ground breaking changes in the US Casino industry.  After the release of the famed movie “Casino” which had a negative impact since it stereotyped the industry causing the general public to lose interest in it.

It’s imperative we ensure the industry has a positive image. In turn the casino industry in the US has undergone a downward spiral especially among operators who have no Macau interests to offset tumbling revenues.  “That would always be our main concern, and very important to ensure that the federal government does not tarnish …