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888 will also provide Sportech with international distribution services for the New Football Pools. It expects this agreement to be material in terms of its earnings in 2009 and beyond.

“This phenomenal partnership represents the full evolution of our B2B offering and is a milestone agreement,” 888 chief executive Gigi Levy said.

For Sportech, chief executive Ian Penrose commented, “This is a strong strategic partnership for Sportech. It offers an unparalleled opportunity for all of our products to be effectively marketed online. Importantly this extends beyond the traditional online poker and casino offering and includes the Pools business which we believe will become an international online gaming brand”.

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The website has been established to inform US players of their continued ability to enjoy playing poker, blackjack, slots, and other games of chance on the Internet. The website describes how the law works and why it is still possible to gamble online, listing poker rooms, sportsbooks and USA microgaming online casinos that are still accepting US players.

“We at USA Online Gambling like to let people know that they can still have their fun. Meanwhile, we give them dozens of links to gambling sites that offer great US online casino bonuses, often over 100% matching.” Tracy Carter says about the websites features.

The biggest hurdle the 2006 law has placed on online gambling is the difficulty of making transactions in and out of online gambling sites. With USA Online Gambling, that is no longer a problem. The website gives informative and understandable details about how to make deposits now that the new guidelines are in place.

The website enlightens players about USA deposit methods such as 900Pay, Bank Transfers, and Bank Wire. It tells how players can deposit funds by means of credit cards, debit cards, or electronic checks. It provides the players with information on how to use money orders and the newest service, UseMyWallet, which is quickly growing in popularity due to their easy and secure transactions.

“The best thing about our USA Online Gambling website is the tools it gives players to make possible and enhance their online gaming. Our goal is to be the best at helping people to play as they wish.” Tracy Carter comments about the website.

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AmResearch noted in a report yesterday that Genting had been “besieged” by a lot of rumours of late, relating to Genting International’s financial position. Investors have been concerned that the cost of Genting International’s integrated resort project in Singapore is on the rise. Additionally, its British operations have been affected by lower business volume, higher net bad debts written off and increased gaming duties.

According to AmResearch, however, as of May, Genting’s management had indicated there were no cost overruns for the Sentosa Island project and that it should be “comfortably financed” by borrowings of S$4.3bil and equity proceeds.

“We understand that Genting International bought forward some of its materials, like concrete and structural steel, more than 12 months ago,” it said.

Meanwhile, Genting International said the launch of CircusCasino was not expected to have any material impact on the consolidated net tangible assets and earnings per share of the company for the financial year ending Dec 31.

gamblingplanet.org

He is trying to put a hold on the 2006 law (UIGEA) that instructs the Treasury Department and the Federal Reserve to draft regulations preventing financial institutions from processing payments from online gambling sites. The measure has been opposed by the gambling industry, which argues there is no reason for the federal government to ban outright online gambling.

It has also been opposed by banks and credit unions, as well as their regulators — the Treasury and Federal Reserve — which say the current law is too vague.

“We want to make sure the regulations are not overly burdensome and are workable,” said Floyd Stoner, chief lobbyist at the American Bankers Association. “At present they are both.”

For John Pappas, executive director of the Poker Players' Alliance, winning congressional backing for a suspension of the law already on the books would be an important first step.

“The bill that passed in 2006 was tremendously failed public policy,” said Pappas. “The reality is Internet poker is not going away, so the question is what is the responsible role of government in licensing and regulating online poker.”

The Poker Players' Alliance was founded in 2005, but after the 2006 law was passed by Congress, its membership surged from around 100,000 to over 1 million people, said Pappas.

Even this first step may not be simple. Despite the widespread disquiet about the language of the 2006 legislation, Senate Minority Whip Jon Kyl, R-Ariz., would oppose any effort to “water down” its intent, said a spokesman. Kyl has fought for banning online gambling since the mid-1990s.

Ultimately, Frank wants to replace the 2006 law entirely, with a new law that would regulate rather than ban online gambling. He is supported in this by Rep. Ron Paul, R-Tex., a Republican lawmaker and former presidential candidate, who is seen as being the standard bearer for the libertarian movement in Congress.

At this stage, it is unclear whether is sufficient support in Congress for doing so.

gamblingplanet.org

“Being realistic, we're beginning a controlled opening up of online betting, which we have presented to the European Commission,” Woerth told reporters.

France has agreed a “controlled opening” of its gaming sector, which is composed of two monopolies — PMU for horse racing and Francaise des Jeux for lotteries.

But EU authorities are still waiting for detailed provisions before making a final decision on suspending legal proceedings. Woerth said the government would seek to preserve its share of revenues from the gambling sector, which he put at 5.3 billion euros ($8.27 billion), but he said there was no alternative to meeting EU demands.

“Proceedings against France for our monopoly as regards online betting have been open since June 2007. In these circumstances, either we dig in our heels or we change our position,” he said. He said a law would be presented in parliament after the summer break and a regulatory authority established by the beginning of next year. The first approvals should be issued in the second half of 2009.

“Regarding horse racing, only parimutuel betting will be allowed,” Woerth said, referring to the system in which the total sum bet on a race is placed in a pool and the final prize is not set until all bets are placed.

“For other forms of sports betting, we will hold discussions with leagues and federations. There, we will not have parimutuel betting but fixed odds betting,” he said, referring to a system in which the prize is agreed before bets are placed. . . We also want to open up casino games like poker but also roulette or black jack,” he said.

Woerth said licenses would require minors to be prevented from betting and would contain strong protection for gamblers given the risk of addiction, as well as restrictions on advertising and controls against money laundering. The European Union's top court, the European Court of Justice, has ruled that gaming firms registered in one EU state must be allowed to operate across the 27-nation bloc unless there is an overriding national public interest not to do so. Free movement of services is enshrined in the EU treaty, but Paris has refused to grant licenses to private operators, saying there was a need to protect consumers and stop online fraud.

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The company derives about 20 percent of its gross win from e-commerce, but Chief Executive Ralph Topping told reporters he aims to increase that to about 25-30 percent when the platform, designed by software provider Orbis, is launched on November 27.

“That kind of growth is there for us to aim for but we'll set formal targets early next year,” Topping said on Tuesday in a presentation to journalists and sector analysts.

William Hill's online “sportsbook” has struggled over the last year from intensifying competition and technology problems. The company had attempted to implement a major upgrade of its internet betting operations in-house but was forced to scrap the project, writing down 22 million pounds in the process, after it became apparent that it would require greater investment and take longer than originally envisaged. It then turned to Orbis, which is highly regarded in the industry and serves clients including Ladbrokes and Paddy Power , to get the upgrade back on track.

Topping, who was previously the company's Internet director but took up the position of chief executive in February, was at pains to emphasise his commitment to expanding the online business, which he feels was neglected in the past. William Hill had already successfully halted the decline in growth at its sportsbook and was now achieving double digit percentage growth, thanks partly to the introduction of 30 new games, backed by a new advertising campaign, Topping said.

“There is a new sense of direction. For too long, we regarded ourselves as bookmakers with a bolt-on activity called gaming. There is a substantial opportunity for growth on the Internet,” he said.

gamblingplanet.org

The EU said the bilateral deal would provide European businesses, such as TNT of the Netherlands and Deutsche Post of Germany, with unspecified new opportunities in the US postal and courier, research and development, storage and warehouse sectors. The US had also made concessions in the testing and analysis services sector.

However, the deal, signed in Geneva, disappointed the online gambling industry, which claimed the EU had lost vital leverage in the effort to open up the $15bn-a-year US online gambling market. Millions of dollars were wiped off share values in October 2006 after the US made it illegal for credit card companies to process online gambling transactions, effectively closing the market to foreign competitors. The World Trade Organisation had ordered the US to grant compensation after it withdrew a commitment to liberalise the sector. The withdrawal came after the tiny Caribbean state of Antigua and Barbuda, which hosts a large gaming industry, brought a successful dispute case at the WTO. The WTO will rule soon on Antigua’s request for $3.4bn compensation.

A spokesman for Peter Mandelson, the trade commissioner, refused to put a figure on the US offer, and said it could not be linked to the campaign for equal treatment in the US online gambling market. A spokeswoman for the US trade representative, who hatched the agreement, would also not discuss specifics but said she was confident the package provided WTO members with economic opportunities “at least as valuable” as the US gambling market. The US had also reached agreements with Canada and Japan.

Clive Hawkswood, chief executive of the Remote Gambling Association, which represents companies that say they are losing at least $4bn in revenue a year, claimed the EU had handed over its primary weapon in the fight. He said: “The Commission can still press for an opening up of the market, but the leverage of the outstanding [compensation] negotiations has been taken away.”

Mr Mandelson said he would continue to press for equal treatment and is placing hopes in legislation proposed by Barney Frank, chairman of the US House Financial Services Committee, to liberalise and regulate the online gaming industry.

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