Gaming Industry News Weekly Recap – Stories You Might Have Missed

TAGs: weekly recap

weekly-news-recap-May-28BLACK FRIDAY/BLUE MONDAY NEWS:
Indicted Black Friday payment processor Bradley Franzen pleads guilty to all charges; Blue Monday takes down ten more domains, leading to the shutdown of an ewallet and at least one gambling site; Black Friday has yet to provide much of a boost to European poker sites; Rep. Joe Barton plans to introduce another federal poker bill and Full Tilt reportedly convinces the DoJ to unfreeze some of its seized funds.

Betfair staff losing faith in management as share price hits fresh lows
Oh, the times they are a changing… Betfair were stock market darlings when they made their IPO last year, but six months later, their stock is trading at barely half its IPO price and staff are expressing doubts about the executives at the tiller.

PokerStars under fire in Australia
PokerStars’ Australian subsidiary may get a kick in the down unders for potentially running afoul of Australia’s Interactive Gambling Act.

Centrebet agrees to acquisition by Sportingbet
Unfazed by PokerStars’ down under woes, Sportingbet’s AU$183m takeover of Aussie bookmakers Centrebet will go ahead, assuming Sportingbet can raise the money.

Atlantic City casinos taken for $15m by lone blackjack player
Don Johnson (not the actor) is one hell of a blackjack player, which must be why Atlantic City casinos believe he’s Satan incarnate, come to punish them for their sins.

Molto bene: 888 gets a favorable nod from Italian regulators
After a raft of bad news (exec departures, foiled merger plans, etc.), 888 and B2B subsidiary Dragonfish get their products certified by Italian regulator AAMS.

Madrid issues its first online gambling license
Casino Gran Madrid goes into the record books as being the first outfit issued an online gaming license in Spain.

Pansy Ho ponders how to lug $1.5b in MGM China IPO money to the bank
Given Macau’s license to print money, it comes as little surprise that shares in MGM China’s initial public offering will be sold at the top of their announced range, leaving joint venture partner Pansy Ho wondering where to stash all her filthy lucre. one-year anniversary/Seven Deadly Sins party deemed too deadly for UStream
Seriously, UStream… If the mere sight of female nipples causes you to shut off the digital taps, then just go ahead and change your name to ULame already. Read about what you missed here.

Rebecca Liggero dishes the dirt on the goings-on at the 2011 iGaming Super Show, and takes an in-depth look at how gaming firms can best utilize social media to get customers enthused about their brand.


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