February 2008

Digibet and Gex Strike Fantastic Deal 

Gaming solutions provider Gex Technologies (UK) Ltd has announced that it is teaming up with Gibraltar’s Digibet Ltd to launch an online version of one of the world’s top virtual fixed-odds betting football games. 

Association Applauds Commission’s Decision 

London’s Remote Gambling Association, Europe’s largest trade association for the online gambling industry, has welcomed a decision by the European Commission to proceed with investigations into Greece and The Netherlands. 

Online Group Reports Double Digit Growth 

Online wagering and casino site CentreBet.com has announced net profits for the first half of the year of $5.5 million. Further growth of up to 15 percent seeing full-year profits as high as $12.8 million has also been predicted. 

Advertising Authority Finds High Compliance Rates 

The Advertising Standards Authority has published the results of its Gambling Compliance Survey for last year, showing gambling firms are in general not abusing the more liberal gambling advertising laws. 

Sky City Profits Plummet 

Kiwi casino operator Sky City Entertainment Group has reported its smallest profits in over a decade following the $49 million write-off of its cinema assets. 

Genting Reports Stanley Losses 

Genting International Plc has revealed losses for the year of $273.6 after factoring in a $325.9 million impairment loss on goodwill arising from the acquisition of Stanley Leisure. 

American Gaming Association Spends Big on Lobbying 

The AGA, a trade group representing the casino industry in the United States, spent $1.7 million last year lobbying the Federal Government on online gambling legislation. 

Commission’s Final Warning 

The European Commission is expected to press on with legal action against the Netherlands and Greece this week over competition restrictions in their gaming markets. 

TST Opening London Facility 

Australian software testing house Technical Systems Testing (TST) has announced that it is to open its newest test facility in London in March to assess the fairness and accuracy of both online and land gambling games. 

Unibet Profits Fall 

Unibet has revealed a decline in fourth quarter profits although turnover for the year rose by almost nine percent.