888 Holdings Posts Profits Up 55%
30 April 2007
MarketWatch reports that 888 Holdings, an online gambling company in the UK, reported on Monday a 55% rise in profit.
888 Holdings credits the rise to its efforts toward their search for acquisition opportunities to offset the forced closure of its U.S. business. Chief Executive Gigi Levy told MarketWatch in an interview that the firm is looking at acquisitions and opportunities for organic growth after the introduction of the U.S. Unlawful Internet Gambling Act forced it to stop doing business with U.S. customers in October.
“I think that we will definitely be looking to grow, where it is appropriate, with acquisitions and not just organically,” said Levy.
21 August 2007Short Extension Granted to USA in Online Gambling Case
According to our reliable sources, they tell us: In the US District Court of New Jersey, Trenton Division, papers were filed today to grant a motion on behalf of the US Department of Justice and the co-defendants, giving them a short period longer to respond to charges brought against them by the Interactive Media Entertainment and Gaming Association (iMEGA).Read full article
31 August 2007NEW Date Set for iMEGA versus Gonzales (UIGEA)
NEW Date Set for iMEGA versus Gonzales (UIGEA)Honorable Judge Mary L. cooper will hear oral arguments on TRO and Government dismissal motions.The hearing originally set for September 4th, has been moved to September 26th, in the U.S. District Court of New Jersey, Trenton Division. The hearing date was a mutual agreement by the plaintiff whom is iMEGA and the defendants, who are, Gonzales, the U.S. Department of Justice, the Federal Trade Commission and the Federal Reserve Board of Governors.Read full article
17 July 2006INTERNET GAMBLING BAN A BAD BET
Cincinnati.Com The Enquirer Editorials The U.S. House feels Americans need to be saved from a $12 billion-a-year growth industry – Internet gambling. By a lopsided 317-93 vote, members passed the Unlawful Internet Gambling Enforcement Act on Tuesday, but exempted state-run lotteries and online horse-race betting. Were the Senate to go along with it, the bill would make online sports betting, poker and other popular Internet casino games illegal.Read full article