http://www.islander-magazine.com Sun, 06 Dec 2009 20:48:30 +0000 http://backend.userland.com/rss092 en The giant Italian lottery and gaming operator Gruppo Lottomatica has released its financial results for the first nine months of 2009 showing a solid 14 percent year-on-year increase in revenues to Euro 1.592 billion. The Rome-based group also posted EBITDA of Euro 596.4 million, up 4 percent when compared to the ... http://www.islander-magazine.com/2009/12/giant-italian-online-and-land-gambling-group-thrives-despite-trying-economic-conditions/ The successful weekend on the progressive jackpots has been followed by a productive Monday in which yet another major online jackpot has reportedly been hit. Early reports are sketchy, but it is believed that the lucky player landed a just-in-time-for-Christmas $273 927 on the Microgaming-powered Major Millions. http://www.islander-magazine.com/2009/12/major-millions-coughs-up-273-957/ Last ditch attempts to persuade federal officials to postpone the UIGEA regulations continued this week. December 1st 2009 is U-day; the implementation date of the regulations supporting the Unlawful Internet Gambling Enforcement Act compelling US financial institutions to block financial transactions with imprecisely defined 'illegal' online gambling operators. Among others, including Congressman ... http://www.islander-magazine.com/2009/12/last-ditch-attempts-to-postpone-the-mandatory-implementation-of-uigea-regs/ The Gibraltar-based and London-listed online gambling group Party Gaming plc has launched an online poker service in Italy for Fueps, Italy’s leading casual games operator, as part of a three-year exclusive deal. Fueps’s site, 4A - The Poker Suite, has joined PartyGaming’s dedicated and growing Italian poker network alongside PartyPoker and ... http://www.islander-magazine.com/2009/12/4a-the-poker-suite-joins-italian-dedicated-network/ Sportsbook white label provider OddsMatrix appears to be on something of a roll, this week announcing its fifth white label sportsbook deal, this one with Spanish market-facing PepeGames.com which will be furnished with a fully managed, turnkey, sports book product that will focus extensively on Spain and Spanish speaking territories. PepeGames.com ... http://www.islander-magazine.com/2009/12/spanish-gambling-site-signs-up/ The recent letter written by UK Minister of Sport Gerry Sutcliffe to bookmakers suggesting a voluntary contribution to Sport England popped into the headlines this week, with the Remote Gaming Association suggesting that full consultation with both the offline and online industry may have been a better initial approach. The Guardian ... http://www.islander-magazine.com/2009/12/government-suggestion-requires-more-consultation/ Veteran online gambling group Sportingbet plc had good news for investors this week, posting a first-quarter profit up 56 percent as it added more sports bettors. Net income was GBP 6.1 million in the quarter ended October 31st, well up from the same period in 2008 of GBP 3.9 million, ... http://www.islander-magazine.com/2009/12/live-betting-boosts-revenues/ The acquisition of failed UK mobile gambling technology provider Cecure Gaming earlier this year surfaced again this week with the identity of the buyer being revealed as giant online poker site Pokerstars.com. Cecure, which also operated the Aces Royal, World Poker Tour mobile and Ladbrokes Poker Million mobile gambling brands, went ... http://www.islander-magazine.com/2009/12/unknown-buyer-revealed-as-pokerstars/ The UK land and online gambling group Gala Coral has confirmed the resignation of bingo and casino managing director Simon Longbottom, who has apparently accepted a new position in the pub and entertainment sector, where he was employed prior to joining Gala in 2004. Longbottom's responsibilities will be taken over by ... http://www.islander-magazine.com/2009/12/longbottom-to-return-to-the-pub-and-entertainment-sector/ Online gambling software developer Cryptologic experienced another tough third quarter this (2009) year, posting results which reflected a loss of $3.4 million as predicted in its earlier trading update. Taking a positive view, the loss is an improvement on Q3 2008, when it was greater at $5.9 million, although this did ... http://www.islander-magazine.com/2009/12/but-its-still-a-difficult-quarter-at-a-slow-time-in-the-seasonal-cycle/