PartyGaming finalises Empire deal
PartyGaming has finalised deals to buy the internet gaming operations of Empire Online and Intercontinental Online Gambling for a total of $66.3 million. The acquisitions would lift earnings in 2007 and provide at least $8.5 million in EBITDA before stock option charges according to the gaming company.
Italian football federation drops betting investigation
The Italian football federation has dropped an investigation into alleged illegal betting by Italy and Juventus goalkeeper Gianluigi Buffon after finding no evidence to support the claims. Buffon had acknowledged gambling on sporting events, but said he stopped when the federation banned the practice in 2005.
192.com Business Services Integrate IP Into ID
First-time ICEi exhibitors 192.com Business Services will be at the Earls Court Exhibition Centre from 23-25 January displaying its global ID and age verification with integrated advanced IP address validation technologies. Licensed from IP intelligence experts Quova, the addition of IP address validation to 192's identity check solutions is described as another tool to help ecommerce companies detect and prevent online identity fraud.
Wirecard ventures paying off at ICEi
Payment systems providers Wirecard AG will be celebrating a new co-operative venture with Internet-based procurement platform Fairpartners.com at ICEi 2007. The German company will also use the London exhibition - taking place at the Earls Court Exhibition Centre from the 23-25 January - to showcase its alternative payment solution, CLICK2PAY. Registration for ICEi is free.
Bookmaker blunder costs £20,000
Bookmaker William Hill has lost nearly £20,000 after taking bets on who the murderer in popular ITV soap Coronation Street would be, despite the killer already being revealed in the storyline. A spokesperson said that it would pay out the winnings and return losers money, after acknowledging that it opened the book without knowing that ....writers hadn't made it a 'JR Ewing-style cliffhanger.'
AGC operator Talarius receives revised offer
Adult Gaming Centre operator Talarius PLC has received a revised offer of 280 pence per share from European Gaming, a joint venture controlled by Australian companies Tattersall's and Macquarie. Talarius' directors described the new offer as fair and reasonable.
Garber given £19 million incentive scheme
PartyGaming chief executive Mitch Garber is being given shares and cash worth almost £19 million through a revised management incentive scheme. Under terms of the incentive, the gaming company waived performance conditions attached to 20m of the 27m shares granted to Garber on his appointment and will allow him to collect the bonus in 2008, two years earlier than originally allowed according to the Telegraph newspaper.
Video games enhance brain functions
Early research at McMaster University in Toronto has suggested that playing video games enhances brain functions, including memory. Video game players made nearly eight per cent fewer errors and were about 45 milliseconds faster when performing a memory manipulation task involving ten-digit phone numbers in the study.
UK bookmakers gain Italian licenses
UK betting firms William Hill, Ladbrokes and Gala Coral have all been granted new Italian gaming licenses alongside local operator Lottomatica. Gala Coral is thought to have paid £30 million for 403 of the 16,000 available licenses, while rival Ladbrokes declined to comment on how much it had paid for its 142 licenses.
Paddy Power renews greyhound derby deal
Irish bookmaker Paddy Power has renewed its sponsorship of the Irish Greyhound Derby for a further three years. A spokesperson for Paddy Power called the race, which it has been sponsoring since 2000, one of the only in the country to have 'true national significance.'
GigaMedia signs Asian MahJong deals
Asian gaming group GigaMedia Limited has licensed its real money MahJong software to the online entertainment company Carmen Media Group. Under the terms of the non-exclusive license, Carmen Media will have the right to offer GigaMedia's MahJong and other Asian game software on a real money basis.
Harry Levy moving on up at ATEI
Harry Levy Amusements will be bringing a new line-up of games to the ATEI exhibition this month, including AWP-style Ticket Rush, redemption product Johnny Appleseed and new cranes Taxi and Shining World. Registration for the show , which is held at London's Earls Court Exhibition Centre from the 23-25 January, is free.
Easy as EBC for ATEI debutants
The EBC 500 industrial embedded CPU board heads-up ATEI debutants Nexcom's offerings at Earls Court in late January. The London show will also see the industrial computer specyclopcasinots showcase their award-winning NICE fan-less embedded system and its ODM/OEM service. Registration is free.
BetonSports unable to pay customers
Lawyers for BetonSports have said that the company could not comply with a US directive ordering it to repay customers because of an Antiguan court order. The gaming company is arguing that its funds are being controlled by the company's Antiguan subsidiary which is subject to the authority of courts in that Caribbean nation.
Atlantic City votes for smoking ban
Atlantic City Council has unanimously decided to support a smoking ban in local casinos, which could take effect as early as April. Anti-smoking groups and casino employees had rallied against a loophole in New Jersey's law which made casinos exempt from the state-wide ban, arguing that casino workers are the only employees in the state now confronted with second hand smoke in the workplace.