Archive for March, 2008

BIG SITCK BUYS CORCOM

Friday, March 28th, 2008

Being a player, handicapper or bettor is not an easy job, it is important to have all the pertinent information on real-time. And now, thanks to the efforts of Big Stick Media and SkillJam it is possible, you lucky guys!

Big Stick Media and SkillJam decided to merger their two subsidiary companies: Corcom ad Linetracker to provide all their hungry clients some real-time information of great quality and excel content. Now, isn’t that nice?

Of course, Corcom will pass to become a subsidiary of Big Stick Media several companies, seems that they needed one more…Yet, for all those fans of SkillJam they will still be in the mix.

Indeed SkillJam will have the choice between seating a designated person on the board of directors of BSM or just sending an observer. Naturally, if they make the choice of sending “eyes” he or she will not be able to vote…wonder what they will decide.

But still it might be a good idea for all players, handicappers and bettors to sit down and relax since the merger still has approval pending from the TSX venture exchange. And they are not expected to rule until April 23rd, so take it slowly!

So remember to be on the lookout around this date so you can be amongst the first ones to get some benefit from this important merger.

COSTA RICA AND THE US GAMING BAN

Wednesday, March 26th, 2008

The gaming ban that the political and legislative branches of government enforced in the US territory and their residents has caused a long and bitter dispute and controversy at all levels of society, political and economical spheres.

Most countries that have online gaming sites that used to receive U.S. citizens and do businesses with them are seeking to appeal this decision or to have some sort of retribution from the US government as a penalty.

The latest of these countries is Costa Rica who finally reached a compensation settlement for being one of the internet gaming foreign companies banned off from US gaming commerce despite having some of the best online casinos.

According to the press release published on Costa Rican newspaper: The Tico Times, this Central American country was awarded with greater access to other service markets including those of research, development, storage, technical testing and analysis.

It seems that this agreement is similar to the one granted to the European Union for the same reasons late in 2007 when they were granted new trade opportunities in the US Postal and Courier, research, development, storage and warehouse ambits.

OF course, this is not the end that will be heard on terms of peace offerings from the US government to other countries governments as well as their casino owners. The next ones on the list are Japan and Canada, while Macau and India are still on hold.

Despite that Costa Rica is satisfied with the peace offering, the EU has announced that a deep scrutiny on US laws will be done to verify if this prohibition law stands against international trade rules, in such a case, they will act accordingly.

Thus, it is safe to say that the EU views the US government peace offering as a good thing but separate from the ongoing investigation they are currently conducting as it seems that some discrimination against EU companies is taking place.

On this matter, the one sided decision of the US has caused a descent of millions of euros in stock markets around the world and still allow US based horse racing gambling online sites to continue operational.

Furthermore, EU authorities are not pleased with prosecution carried against their casino managers and teller founders especially since the US counterparts are not being prosecuted in ay way or form.

In the meantime, EU authorities are conducting their investigation that should be concluded in a 5-month period, after which the EU will present its complaints against the US at the WTO to be arranged.

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WPT ENTERPRISES INC. EXTENDS USAGE OF CRYPTOLOGIC SOFTWARE

Monday, March 17th, 2008

One of the biggest gaming software developer companies; Cryptologic Ltd stated Monday the 17th that the WPT Enterprises Inc. had decided to expand both their company’s working circle as well as their deal for their World Poker Tour.

World Poker Tour is a television show aired mostly on the continental US and its territories based on a series of High-stakes poker tournaments being well received by many in the target viewing market.

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Ruling on ban challenge

Saturday, March 8th, 2008

The Internet gaming prohibition has caused serious damages in business income to all online casinos and internet gaming sites, forcing them to seek legal measures to stop the ban from being enforced in their own sites allowing them to continue business transactions and recuperate from the blows their economies have suffered.

In this spirit, the Interactive Media Entertainment and Gaming Association presented a challenge in a federal court in Trenton to stop the ban from being enforced on their online casinos and gaming sites. The challenge was dismissed, but it did give the group enough legal standing to present another challenge, this time in an appellate court.

(more…)

INTERNET GAMING RULES FACE LONG ODDS

Wednesday, March 5th, 2008

Seems that residents of the United States will face a prohibition that can be compared to the dry law of the 1950s, this time it’s regarding internet gaming sites and the collection of the gains.

Cindy Skrzycki in her Washington Post column presents a very grim future towards a final ruling regarding the total banning or a more tight watch over internet gaming sites and their interaction with US banks and account holders.

In her article, however, Mr. Frank Fahrenkopf Jr., who is currently the president and chief executive of the American Gaming Association, seems quite careless since the US citizens have a history of disobeying any prohibitions they consider ridicule. (more…)


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