GLG News by Online Gaming Experts
Analysis of:
Online gambling ban reconsidered (www.reuters.com)
Rep. Barney Frank wants to repeal last year's Unlawful Internet Gambling Enforcement Act, which devastated companies like PartyGaming, Sporting Bet and 888 Holdings. This isn't going to happen, not while Bush is President. But it will help push for an 18 month study, which will then bring changes to...
Analysis of:
Senators pushing casinos, racetrack slot machines (www.mysanantonio.com)
Texas is seriously thinking about commercial casinos and racinos. But a bill would have to be approved by the legislature and voters, which is not likely. It does lay the groundwork for a more moderate expansion.
Analysis of:
U.S. issues subpoenas to banks on online gambling (www.iht.com)
The Department of Justice wants everyone to believe they are going to arrest investors, especially underwriters, who helped Internet gaming companies go public. History shows there is little chance the DOJ will actually follow up on its threats. And the timing of this attack is not a coincidence.
Analysis of:
Neteller finally quits US market (www.bettingmarket.com)
Following the arrests of its founders, Neteller now won’t handle bets from the U.S. Neteller itself will probably not be fined or sued. Internet gaming companies will take a short-term hit.
Analysis of:
America’s MGM Mirage and Britain’s Ladbrokes, two of the world’s largest gambling groups, have started exploratory takeover talks with internet rivals (www.thebusinessonline.co.uk)
Here is the full link - http://www.thebusinessonline.com/Document.aspx?id=80B498C9-D998-40A9-8E89-9534817F7477
Passage of Unlawful Internet Gambling Enforcement Act of 2006 (included in HR 4954, the Port Security Improvement Act of 2006)
Market Capitalizations of major London based players decimated
UK...
Analysis of:
Opinion: Why Sony Won't Lose the Next-Gen Wa (biz.gamedaily.com)
Sony should lead in the next gen video game space.Competition will be more fierce.Japan is key to global leadership.
Analysis of:
Opinion: Why Sony Won't Lose the Next-Gen War (biz.gamedaily.com)
XB 360 sales continue to be robust.Important milestone to achieve prior to competitors launches.Revenue increase is encouraging.
Analysis of:
Target, a Big DVD Seller, (online.wsj.com)
Better pricing to download digitally.New model needs to be adapted.Can retailers participate?
Analysis of:
PartyGaming eyes new gaming era "aggressively" (today.reuters.com)
Party has pulled out of the USA market due to the Unlawful Internet Gambling Enforcement Act of 2006 (included in HR 4954, the Port Security Improvement Act of 2006)
Money spent on advertising in USA to be refocused in Europe
Party has the skill set to deliver
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