Sports Wager
March 10th General news ... Sports Wager was created to assist the sports bettor in properly handicapping .
Sports Wager was created to assist the sports bettor in properly handicapping .
In order to profit in from a complex game like baseball, the bettor must be as informed as possible on the ever changing statistics and trends.
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DIKSHIT DIVESTS REMAINING INTEREST IN PARTY GAMING
2010-01-26
One of the original founders finally bows out
PartyGaming plc founder Anurag Dikshit sold his remaining stake in the ownership of the PartyGaming.com online-gambling group this week, a company he helped start in 1997. The sale had an immediate impact of the stock, which tanked 7 percent in London trading.
Dikshit sold 38.8 million shares at a price of 270 pence per share through an accelerated book build to institutional investors, according to a Business Wire statement today. The sale of the 9.5 percent holding raised about GBP 105 million.
Dikshit had previously sold two-thirds of his stake last October (see previous InfoPowa report).
A spokesman for the Party Gaming founder said: “This is simply about moving on. “It’s been a process over four years since he first withdrew from the board. And that’s now it.”
In December 2008, Dikshit pleaded guilty to illegal Internet gambling in the U.S. and agreed to cooperate with the Justice Department in its probe of the company. He paid $300 million in fines and is scheduled to be sentenced in December 2010.
“It’s brought its fair share of issues,” Dikshit's spokesman commented. “We have the court hearing and sentencing still hanging over us. Anurag voluntarily went to America and pled guilty so that he could move on.”
IS BETFAIR GOING PUBLIC?
2010-01-26
Online gambling giant engaging with investment bank advisers
The whispers of the past few weeks that online gambling giant Betfair is planning a public listing gained momentum over the weekend on the news that the company has engaged with two investment banks to advise it on a possible GBP 1.5 billion stock-market flotation.
The Sunday Times reported that Betfair has chosen Goldman Sachs and Morgan Stanley to weigh up options for its future, which include a possible sale or share listing.
The newspaper points out that going public could bring founders Ed Wray and Andrew Black a fortune, as the duo own 25 percent of the company between them. Another 23 percent is owned by the Japanese bank Softbank, which also stands to benefit substantially if a listing is achieved.
Betfair took two billion GBP in wagers last year and reported earnings of GBP 72 million, a 29 percent rise on sales 27 percent higher at GBP 303 million.
U.S. SLOT MANUFACTURER PLANS ONLINE INVOLVEMENT
2010-01-25
The action in the well regulated UK online gambling market appeals to WMS
The online gambling competitive action in the UK market will warm up considerably in 2011 as a leading American slot machine manufacturer broadens its business interests with a foray into the Internet gambling market. It is not yet clear in what role it will operate online, as it has a wide capability range.
WMS Gaming, a subsidiary of WMS Industries in Illinois, plans to start out in the UK market some time in 2011, widening its target to other legal and regulated European markets as its online business success and capability grows, the company said this week.
The company revealed that it is already assembling a UK team that will initially number 25 people on the i-gaming project, and is considering business premises in London, where marketing, customer services and technical operations personnel will be based.
Responsibility for the online gaming venture is understood to lie with WMS Gaming executive director Brian Morgan, who has previous experience in the industry through his previous establishment of the Cyberslotz business prior to involvement with WMS. He eventually sold that operation to Australian betting group Tatts.
“WMS will debut its capabilities and solutions that harness the scale of the Internet to pursue online wagering opportunities in the United Kingdom. This initiative is expected to launch in fiscal year 2011, subject to regulatory approval [and] we look forward to expanding our presence in the UK marketplace," said WMS chairman and chief executive Brian Gamache in a statement from the company.
The company is listed on the New York stock exchange.
GAMEACCOUNT ACQUIRES MONEYGAMING.COM
2010-01-19
Liquidity-enhancing acquisition for leading skill game network
Good news for players on the recently defunct skill gaming website MoneyGaming.com; the assets have been acquired by a leading company, and players are welcome to resume playing.
GameAccount Network, a European developer and supplier of person-to-person skill-based games software to major eGaming operators, has announced the acquisition of operating assets formerly owned by Money Gaming Corporation Limited, which entered liquidation in late 2009.
Under the terms of the transaction customers of MoneyGaming.com will be able to resume their online gaming activities within the GameAccount Network from 19 January 2010. MoneyGaming.com operated since 2005 and became a popular international destination website for players of backgammon, gin rummy and solitaire.
This is the third asset acquisition undertaken by GameAccount Network following the acquisition of assets comprising backgammon website GamesGrid.com in 2008 and casual games website TreasureGames.com in 2005.
All players’ activities will be governed by the UK gaming licence held by GameAccount Network from the UK Gambling Commission.
“In acquiring the MoneyGaming.com assets we are rescuing a community of international players and giving them a safe and financially stable UK-licensed place to continue playing online skill games for real money competition,” comments Dermot Smurfit, COO GameAccount Network.
“GameAccount Network is now an established acquirer of online gaming assets with a strong tier-one operating licence in the UK and market-leading skill gaming software. We welcome all players from MoneyGaming.com as new members of the GameAccount Network.”
With his eye clearly on the future, Kevin Dale, CEO GameAccount Network added, “In publicising our third acquisition we’re reaching out to any and all small-scale gaming operators looking to find a safe home for their end-user community without having to close down and refund all individual customers’ deposits.”
OLA WILLIAM HILL!
2010-01-19
Major online gambling group launches Spanish bingo
The online division of William Hill plc has launched a new online Spanish Bingo product.
The product has been specifically developed for Spanish speakers, and carries an introductory bonus of Euro 25 for all new players.
David Hood, spokesman for Williamhill.com commented "Considered development has gone into this product to ensure our Spanish-speaking members enjoy this product as much as the British public. We are confident that our new product will position us ahead of our competitors and allow us to continue leading the online gaming and betting industry. Investment has been made to recruit Spanish-speaking customer support to ensure quality and clarity within the product and its services.'
William Hill Bingo has Spanish-speaking callers and chat moderators, and boasts chat rooms inside each bingo room. Apart from side games with jackpots of over Euro 1,000,000, members will find organised free chat games that can be played during bingo to win extra cash.
FRENCH FOOTBALL FEDERATION IN 4 YEAR SPONSORSHIP WITH P.M.U.
2010-01-07
With the liberalisation of the French market only months away, commercial arrangements continue to proliferate
The former French gambling monopoly Pari Mutuel Urbain has made a further move to safeguard its market positioning in anticipation of market liberalisation by signing a four-year sponsorship deal with the French football federation Federation Francaise De Football (FFF.
The PMU has some 10 000 retail outlets in France and a turnover of Euro 9.3 billion in 2009, and the deal with the FFF will position the giant betting organisation alongside other French sports sponsors jockeying for market position such as Adidas, bank Credit Agricole and energy giant GDF Suez.
The sponsorship agreement comes into force following the World Cup in South Africa mid-year, and leading up to the football spectacular PMU will be helping to foot the bill for World Cup coverage via the TF1 and Eurosport television channels.
The deal follows the PMU's 5 year partnership agreement signed with Irish online and land bookie Paddy Power recently (see previous InfoPowa report).
