Wager on Sports

May 20th General news ... Wager on Sports was created to assist the sports bettor in properly handicapping .

Wager on Sports was created to assist the sports bettor in properly handicapping .

In order to profit in from a complex game like baseball, the bettor must be as informed as possible on the ever changing statistics and trends.

Latest General News

TATTS TOTE TASMANIA ACQUISITION COMPLETE (Update)
2012-03-28

No reason for celebration for 130 employees whose jobs have been made redundant

In a short media statement, the Tatts Group has confirmed completion of its acquisition of TOTE Tasmania for $103 million (see previous InfoPowa report).

Not good news, however, for 30 percent of the TOTE workforce who have reportedly been displaced in the streamlining of the business.

Australian Premier Lara Giddings said: “Job losses are always regrettable and I am concerned for those people who have lost their jobs through the sale process.

“I am pleased that Tatts has outlined an ongoing strategy that supports two-thirds of TOTE’s employees and supports the continuation of the company’s retail and call-centre and race broadcasting operations in Tasmania."

The Tatts Group will invest $3 million on initial upgrades to the business and a further $5 million on refurbishing TOTE's offices over the next few years.

GIBRALTAR THE VENUE FOR KPMG ONLINE GAMBLING SUMMIT
2012-01-13

The second in the series of executive get-togethers will discuss industry issues and Gibraltar as a jurisdiction

Professional business services provider KPMG Gibraltar has announced that its second eGaming Summit will take place in Gibraltar, focused on once again bringing the industry's major players and service providers together to discuss the jurisdiction’s potential and relevance in the global marketplace.

The Summit will be held on Thursday 19th April at the Caleta Hotel, and key stakeholders and decision makers will be invited to attend. Over 120 delegates attended last year’s Summit, both from Gibraltar and abroad, with interest expected to be even higher this year.

Mike Harvey, director of KPMG Gibraltar, says: “The eGaming sector has continued to show solid growth globally, despite economic uncertainty in the Euro zone and elsewhere. It is essential that Gibraltar remains at the forefront for the licensing and operation of these highly successful businesses, which is why we are running this summit again.

"It represents an opportunity to bring together all of the major stakeholders, both government and private, and to pool knowledge and understanding of the issues that might develop in the year to come.”

The morning session will look at the external factors that are likely to have an impact on the e-gaming community in Gibraltar, including key developments in the US, UK and elsewhere in Europe. In the afternoon speakers and delegates will consider how improvements in the way in which gaming companies provide services can reduce costs and maximise the customer experience.

VIRTUE FUSION BEST ONLINE BINGO SOFTWARE AWARD
2011-06-03

Voted the best by industry members
Playtech's internet bingo developer Virtue Fusion won Best Online Bingo Software for the third year in a row at the Online Bingo Industry Awards in recognition of its best-of-breed products.
Award winners were determined by votes from over three hundred industry delegates and attendees at the Sixth Online Bingo Summit held at the Victoria Park Plaza in London.
Rob Keown-Boyd, Commercial Director, Virtue Fusion said: “Virtue Fusion’s continued success at the Online Bingo Industry Awards further consolidates our reputation as the leading name in the market.
“It is extremely satisfying to have won this award for the third consecutive year, especially as the votes come from key members of the industry itself. We are pleased that once again our efforts haven’t gone unnoticed by our peers and will continue to build on this success in the year ahead.”

I.G.T. BIDDING FOR ENTRACTION
2011-05-06

Swedish online gambling company could go for $115.3 million
According to a report on the Dow Jones newswire service International Game Technology, which has machine manufacturing and online gambling software interests, has made an offer to purchase the Swedish internet gambling company Entraction for SEK700 million (about $115.3 million).
The board of Entraction has unanimously recommended to shareholders that the offer be accepted, and news of the possible sale pushed the share price up almost 30 percent.
In a statement, the Swedish-based company clarified that the offer is “...conditional upon IGT becoming owner of more than 90 percent of the share capital in Entraction and all necessary regulatory approvals being granted.”
IGT spokesmen said that the deal would be funded from available cash on IGT's balance sheet.
The proposal follows the news last week that IGT has agreed to sell its Barcrest subsidiary to Scientific Games for $54 million (see previous InfoPowa report).
Entraction’s poker network includes sites owned by Victor Chandler and Devilfish Poker, recently acqquired by the Weather Lottery. The network currently has a seven-day average of 1440 cash game players according to the independent online poker monitor PokerScout.
Entractions current financial results have been disappointing, with Q1 2011 profits sinking by almost 22 percent year-on-year to SEK8.1 million; profits declining by 26.5 percent to SEK7.84 million and net sales down 16 percent.

SWEDISH U-TURN ON INTERNET GAMBLING MONOPOLY?
2011-04-27

But licensed operators must take responsibility for the wellbeing of their players
According to a report this week in the English language Swedish newspaper TheLocal.se, the ruling Christian Democrat political party is actively considering a U-turn on its traditional policy of support for the country's state monopoly on internet gambling.
A party spokesman told the Sverige Radio Ekot news program that it may be better to liberalise the Swedish gambling market, enabling suitable foreign companies to apply for licensing and regulation, thus giving Swedish players wider choice.
But spokesman Andreas Carlsson emphasised that: “The most important thing for the Christian Democrats is the responsibility taken (by betting companies) for the gamblers, that they take some social responsibility. This can be lacking if you let in private operators to a market without control and who take no responsibility for those who bet with them.”
The fact that the European Commission has warned against the monopoly held by Svenska Spel, and the changing regulatory trend in Europe may also have had something to do with the change of heart.
"Another motivating factor would be money," TheLocal notes. "If the monopoly were broken, the companies operating in the Swedish market would be forced to pay part of their income to the government, which would represent a potentially huge cash injection.
"Although there are no official figures, it is thought that some one million Swedes use foreign websites for betting, and spend several billion kronor in the process."

MEDIEVAL KNIGHTS IN LATEST RTG SLOT
2011-04-07

'Coat of Arms' is a multi-featured slot
The latest feature-rich online video slot from the RealTime Gaming studios, Coat of Arms, has a medieval theme showcasing knights in armour and their chargers, castle keeps, crowns and colourful shields.
The slot’s features include:
* The Black Knight is Wild on reels 2, 3 and 4, and doubles the prize when he appears in a winning combination.
* 2 or more Scattered White Knights from left to right will trigger a Re-spin Feature, with the remaining reels spinning up to 10 times.
* 15 Free Spins can be won when a bonus Golden Shield appears with symbols on reels 1, 2 and 3, delivering multipiers up to x4.
* A Bonus Crown substitute symbol is also added to reel 3, and accumulating 5 or more Crowns throughout the feature awards extra games.
The Golden Shield feature is especially rewarding; during the first 5 free spins, the rewards are doubled, and during the following 5 free spins, tripled. For the final five spins the rewards are quadrupled. During this feature, a crown symbol is added to reel 3 during the free spins. Each time this appears, the symbol will be shown above the reels. Players who manage to achieve five crowns above the reels earn an additional 5 free spins.
In common with other RTG games, this slot has a major and a minor jackpot, both awarded randomly by the software.