• Internet spawns new gamblers

London - Growing numbers of gamblers are betting on soccer matches and other sports from the comfort of their desks or living rooms. Online sites are thriving because of a new wave of punters who are computer literate, own credit cards and have a voracious appetite for betting on an array of sports. "It is fair to say that online betting has created a new market and has made betting a more approachable pastime for those people who do not like the seedy betting shops," said analyst Andrew Lee at Dresdner Kleinwort Wasserstein. Online betting firms Sportingbet and Betfair.com have seen a sharp increase in their customer base. Sportingbet saw a 19 percent rise in customers to 30 915 last quarter while the number of sports bets placed rose more than one million against the same period last year. "We have a user base of 75 000 and we are approaching our third anniversary. At peak time we are averaging around 12 000 bets a minute compared with one tenth of that this time last year," said Mark Davies, director of communications at Betfair.com. [...]

> Read the full story here Source : News24.com

• Cryptologic Confirms Lewis Rose as President & CEO

Toronto, ON – CryptoLogic, a leading software developer to the Internet gaming and e-commerce industries, confirmed today the appointment of Lewis Rose as the company’s President and CEO. Since Rose joined CryptoLogic as interim CEO in July 2002, CryptoLogic has achieved key business and financial milestones. "Lewis Rose has achieved immediate results since taking the helm of CryptoLogic," said Dennis Wing, CryptoLogic's Chairman. "CryptoLogic has secured Isle of Man regulatory certification of its gaming software, achieved a license as an approved provider in the strictly regulated Alderney jurisdiction, released new products, expanded its suite of electronic payment options, launched new international brand-name customers and met financial targets. In times of new challenges and opportunities, we need a leader with vision, discipline, accountability and performance, and we've found those qualities in Lewis Rose." "CryptoLogic's strong financial foundation, our status as one of the world's few regulated Internet gaming companies and our roster of blue-chip international customers set us apart," Rose said in accepting the permanent appointment. "With these strengths, a talented team and a culture of integrity and innovation, we can move to profitable growth. And we are a leader in the global trend towards safe, secure and regulated online gaming." [...]

> Read the full story here Source : WinnerOnline.com

• Cryptologic, Boss Announce William Hill Deals

A new product from Boss Media is opening the door for more days like yesterday, when two major Internet gambling software providers announced licensing agreements with the same operator, William Hill. Peter Bertilsson, the president and CEO of Boss Media, describes the product as a "Super Back Office." What makes it so super? It can be hitched to the online casino games of any software maker, not just those of Boss. Bertilsson said it will make obsolete the days when operators who use multiple software suppliers would have to contend with and purchase multiple back ends. "If William Hill has CryptoLogic for casinos, and they want another casino from us, and maybe poker from a third supplier and bingo from a fourth supplier, they need four back offices," he said. "Now they only need one, because we make sure that these other guys connect to the Super Back Office we provide. It means William Hill has only one interface and they don't need to learn four interfaces." [...]

> Read the full story here Source : IGamingNews.com

• Smoking Ban Cuts Pokie Profits

TAKINGS at Victorian poker-machine parlours have plunged by more than $25 million a month since smoking bans were introduced. Figures obtained by the Herald Sun show punter losses have fallen 12 per cent since the bans started on September 1 last year. In the first five months pokies takings were down a cool $125 million on previous spending and show no sign of recovery. The severe impact of smoke-free gaming means annual player losses are certain to drop for first time since the introduction of poker machines to Victoria in 1992. Last financial year the state's army of pokies punters lost a record $2.56 billion – or $7.01 million a day. And the Bracks Government – which reaps close to $1 billion in pokies taxes every year – is also bracing for a hefty revenue loss of about $100 million a year. [...]

> Read the full story here Source : DailyTelegraph.news.com.au

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