May 2008

Poker Helps 888 Profits 

888 Holdings has released its preliminary results for 2007 and reported that revenues from its PacificPoker.com site grew by 18 percent this year. 

World Poker Tour Loses $2.8 Million 

WPT Enterprises Incorporated has reported a ten percent overall increase in quarterly revenues compared to the same period last year, but a $2.8 million net loss for the quarter. 

Three More Licensees For Microgaming 

Microgaming has announced the signing of three more licensees to its Microgaming Poker Network, JenningsBet.com, Sunderlands.co.uk and Eurofootball.bg. 

Pennsylvania Defendants To Be Formally Arraigned 

Two defendants charged with gambling offences in the eastern state of Pennsylvania have given up their right to a preliminary hearing and are now set to be formally arraigned on June 18. 

MGM Profits Plunge 

The world’s second largest gaming company, MGM Mirage Incorporated, has announced that profits for the first quarter of the year fell by 30 percent. 

Blue Square Saves Rank’s Blushes 

British gaming giant Rank has announced that overall revenues for the first 17 weeks of the year dropped by eight percent on a like-for-like basis compared to last year. 

1st Technology Suing For Patent Infringement 

According to media reports out this week, 1st Technology has served seven more online gambling companies with patent infringement lawsuits in St Louis Federal Court. 

Patrick Could Reintroduce Legislation 

The Governor for Massachusetts, Deval Patrick, has announced that his bill to legalise casino resorts in the eastern state could make a return despite a recent high-profile defeat. 

Tropicana Entertainment Files For Bankruptcy Protection 

Tropicana Entertainment has filed for bankruptcy protection underscoring the decline in the fortunes of the land-based industry. 

Another Two Resign At Svenska Spel 

Svenska Spel has announced that another two executives have resigned following the departure last week of Chief Executive Officer Jesper Karrbrink.