Online Casino and Gambling News: February 2009

Entraction reports strong 2008 financial results

The burgeoning Swedish online gambling network Entraction (owner of Net Entertainment and Wagerworks casino software platforms) has shrugged off worldwide economic woes to deliver a strong set of Q4 and Full Year 2008 results this week.

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Korean Mansion.com operators detained by local police

Seven operators at the Korean unit of Mansion Casino, an international online casino and sports betting site, have been detained for operating an illegal gambling Web site for Koreans, local police revealed last week.

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Bookies caught with pants down by Weymouth FC fans

A stunning 9-0 defeat in a match between UK football clubs Weymouth vs. Rushden and Diamonds has triggered a Football Association investigation into possibly unusual betting patterns after bookies took a £1 million beating as fans allegedly bet against their own club.

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Takeover Panel ruling forces Centrebet to reconsider cash bid for IAS

The attempted hostile takeover bid launched by Australian online sports betting group Centrebet International Limited against fellow Aussie firm International All Sports seems to have hit an obstacle that may require it to reassess its cash bid following a Takeover Panel ruling this week.

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Party Casino adds Citadel Internet banking option to cashier

ESI Entertainment Systems Inc. has announced that Citadel Commerce, a wholly owned subsidiary, is now processing Instant Internet banking transactions for PartyGaming plc, an online gambling group active mainly in the European market.

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European Gaming and Betting Association launches newsletter

Sigrid Ligné, the Secretary General of the European Gaming and Betting Association (EGBA) has launched a newsletter for members and interested parties in the belief that open communication will provide all stakeholders with a better understanding of the realities of the market.

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Cryptologic sues ex-CEO Javaid Aziz for breach of contract

The war of words between former Cryptologic CEO Javaid Aziz and the Dublin-based online gambling software provider Cryptologic took a turn for the worse this week as the software company not only rejected Aziz's latest proposal for an extraordinary general meeting, but threatened Aziz with a law suit, claiming he was in material breach of obligations accepted as part of his severance contract.

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Poker wedding for two Kiwi lovebirds

The entertaining New Zealand edition of the international magazine Stuff reported last week on an all-in poker wedding sponsored by the Christchurch Casino in a "To Have and To Hold" innovative promotion for poker couples.

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William Hill to refinance debt via £350m rights issue

UK online and land gambling group William Hill plc is set to raise an additional £350 million through a rights issue, reports The Times. The cash will be used to refinance the company's debt, the newspaper reports.

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South Sydney Rabbitohs announce Bunnybet partnership with Betezy

Following the trend to online sportsbook sponsorships in Australia actor Russell Crowe's South Sydney Rabbitohs announced a new corporate partnership with Betezy this week. The Rabbitohs join the Gold Coast Titans, Cronulla Sharks and Newcastle Knights as NRL Clubs entering into a joint venture with Betezy.

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