CTXM AND CAKE EXPAND PARTNERSHIP


Software provider, CTXM, has announced the addition of its casino games system to seven domains running on the Cake Poker Network.

CTXM stated that its casino games system is available for instant-play through a download or client with online poker sites KakuyPoker.com, WingNPIay.com, PokerXRC.com and PokerPlayerCafe.com now featuring software from the Latvia-based firm. In addition, BroadwayTables. com, UnleashedPoker.com and Poker4Green.com have added online casino sub-sites utilising CTXM software.

"We share the same corporate values as CTXM and have a complementary business model, which makes our partnership a natural one," said Andrew Turner, Marketing Director for the Cake Network.

"We believe that providing casino games alongside poker assists our partners in differentiating the poker players' experience and maximising their players' value."
 
printer friendly LAN_NEWS_24email to someone
  Login to rate

GAMING FIRMS INCREASE US LOBBYING SPEND


IGAMING CONSULTANCY FIRM, BolaVerde Media Group, has released a report into the amount spent by the online gambling industry on lobbying government officials in Washington, DC, over the third quarter of 2010.

The report revealed that 58 different parties spent an estimated total of $4.66 million over the three-month period, an 8.5 percent quarter-on-quarter increase and a 46 percent rise when compared with the same period in 2009.

Details of the parties involved and how much each spent are available in the latest instalment of BolaVerde's Internet Gambling Federal Lobbying Report along with an explanation of what may be at stake and how contributions could potentially influence the political process.

"The increase over the third quarter of 2010 was driven by a positive vote in July on Representative Barney Frank's licensing bill, which authorises Internet gambling between and among participating states and Indian nations," read a statement from BolaVerde.

Significantly, that vote was the first on any such bill in Congress, a watershed in Internet gambling's 15-year history on Capitol Hill."
BolaVerde revealed that gambling industry operators spent around 35 percent of the total lobbying amount ($1.64 million), which represented an increase of 4.1 percent over the preceding quarter. This was followed by trade groups including the American Gaming Association, which dished out $1.21 million, representing almost 26 percent of the entire sum, although down by 3.3 percent quarter-on-quarter.

Trailing these trade associations were companies and interest groups that do not fit neatly into any of the categories used to organise lobbying spend. This 'other' group and its members accounted for $771,685, which represented a 97.9 percent increase over the preceding quarter.

Financial services companies laid down an estimated $662,114, which BolaVerde stated was down by 21.6 percent quarter-on-quarter.

Technology suppliers GTECH and Walker Digital Gaming spent around $145,000 lobbying members of Congress over the third quarter of last year, which accounted for just over three percent of the total. This was followed by financial services trade associations including the Financial Services Roundtable which shelled out $132,934, which was up by a massive 216.5 percent when compared with the previous quarter.
Finally, BolaVerde declared that professional and amateur sports leagues accounted for approximately $95,333 of the total monies spent, which represented a decrease of over 20 percent when compared to the prior quarter.
 
printer friendly LAN_NEWS_24email to someone
  Login to rate

SPORTING INDEX APPOINTS NEW CHAIRMAN


SPORTING INDEX has announced the appointment of former senior Thomson Reuters executive, Mark Redwood, to the post of Non-Executive Chairman.
The company revealed that 50-year-old Redwood headed Thomson Reuters' sales and trading activities until stepping down at the end of December and he will now replace Richard Glynn who left last year to take up the post of Chief Executive Officer for Ladbrokes.

"We believe the sportsbetting landscape is rapidly changing and is mirroring the way the financial data services industry has evolved," said Warren Murphy, Chief Executive Officer for Sporting Index.

"We deliberately sought to bring in someone with a strong financial technology background. From that perspective, Mark coming on board is a real coup for us. His unrivalled expertise in developing and commercialising financial trading data and transactional systems will further strengthen our business as we continue to position Sporting Index at the forefront of the sportsbetting industry."

Sporting Index is backed by leading European private equity investor, HgCapital, and stated that the appointment of Redwood was "further evidence" of its "ambitions in the wholesale data services space".

Redwood continued, "I can see so many parallels between the financial and regulated sportsbetting markets. If Betfair is the exchange of the sportsbetting world, Sporting Index is the market maker and data provider. I am genuinely excited by the prospect of working with the management team to help them further leverage their renowned trading skills and world-class technologies, pioneering a range of services for modern sports books."
 
printer friendly LAN_NEWS_24email to someone
  Login to rate
Making money on BetFair and other bookies (Russian) .::. The best collection of nude sports pictures and video
WTA tennis fotonews - Premier tennis foto news website featuring WTA and ITF stars
Joginsoft 2008-2014