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September 17th General news ... My Sports Betting at mysports-betting.com

AUSSIE ONLINE LOTTERY COMPANY PROFITS DIP
2014-08-25

Jumbo Interactive, an Australian publicly listed company whose core activity is international online lottery operations, has reported declines in revenue and profits which it attributes to lower jackpot activity.
Posting its FY results to end June, Jumbo reported y-o-y revenues down 4.2 percent at A$24.13 million, and profits after tax of $2.78 million, a decline of 6.6 percent.
Start-up costs in the German market and the on-going development of operations in Mexico, which have yielded negligible income during the year, undercut company savings through cost-cutting




BWIN APPOINT SPRINGOWL NOMINEE AS NON-EXEC DIRECTOR (Update)
2014-06-11

bwin.party's board of directors have NFL Lines appointed Daniel Silvers as a non-executive director of the board with immediate effect.

Silvers (37) is president of SpringOwl Asset Management LLC (formerly Ader Investment Management LLC) who acquired 6.1 percent of bwin.party's issued share capital from Emerald Bay Limited and Stinson Ridge earlier this year (see previous InfoPowa reports).



NEW POLICE CHIEF DETERMINED TO STAMP OUT ONLINE GAMBLING
2014-02-26

New Year police raids on online gambling operators in the Sarawak province of Malaysia (see previous InfoPowa reports) are probably the work of a new police chief on the scene...and he is determined to put an end to online gambling on his patch before the end of 2014.
The Star newspaper reports that new district police chief ACP Mohd Kamal Kordi has briefed political leaders on his strategy for hammering illegal online gambling operators, saying:
We will work closely with the local authority to seal up these centres. We will also work with the electricity provider to cut supply to such centres so that they will not be able to operate.
ACP Kamal explained that it was his duty to put illegal operators permanently out of business.
I have been here for just two weeks and during this period we have already conducted raids in Delta Estate and Sibu Jaya," he said. "As I am still new here, give me time to hapus (wipe out) these centres. We will concentrate first on unlicensed centres and will carry out raids to reduce the number by end of the year.
The new police commander said last year a total of 596 raids were conducted and 245 computers were seized in the province.
Not all raids last year were successful. Before conducting any raid, we need to have the correct information, ACP Kamal said, adding that the identity of informants would be protected.
In related news, police in Malaysia's smallest province, Perlis, report that operations against online gambling operators have been conducted by police officers in Kangar, the state capital.
In a New Year's Eve operation, a police raiding party busted an online gambling syndicate and arrested seven men in the Simpang Ampat area.
Kangar police deputy chief Deputy Superintendent Ismail Che Isa said the suspects were caught red-handed processing bets during an 11.30pm raid at a premises behind a restaurant, in which police seized six laptops and other evidence.


U.K. NEWSPAPER CRITICISED FOR F.O.B.T. REPORTAGE (Update)
2014-02-05

Last week's reportage in The Guardian newspaper on the Fixed Odds Betting Terminal furore in Britain (see previous InfoPowa report) has come in for some stern criticism from the Responsible Gaming Trust.
The article implied that British bookies were reluctant to provide an FOBT machine to the Trust for its research into the impact of the controversial machines.
In a sequel to the story, the Responsible Gambling Trust issued a statement signed off by CEO Marc Etches this week which criticised The Guardian for misrepresenting UK bookmakers willingness (or the lack thereof) to assist the RGTs research.
Etches asserted that it was completely false to argue that bookmakers were deliberately frustrating his organisation's research into the FOBT issue...and he added for good measure that the gambling industry was cooperating fully with the RGT, specifically 13 FOBT operators, including the UK's five biggest betting groups.
In related news, The Guardian itself became actively involved in online sports betting following the launch of its white label website GoWager.co.uk, powered and managed by FSBTech, a provider founded by GameAccount co-founder Dave McDowell and chaired by internet gambling veteran Mark Blandford.
Licensed by the UK Gambling Commission, the site offers betting on tennis, football, boxing and racing at present, with plans for expansion which include a mobile offering.
After raising over GBP 2.5 million in new capital, FSBTech recently took Genting Alderney into online sports betting (see previous InfoPowa report).