Gambling News

Malaysian group increases shareholding in Rank plc to over 18 percent
23.07.2008 - Guoco Group, a subsidary of the Asia-based investment group Hong Leong (Malaysia) Berhad run by Malaysian billionaire Quek Leng Chan, has once again increased its stake in the British land and online gambling group Rank plc, this time to over 18 percent.

Another New York gambling bust
23.07.2008 - Details were still limited as InfoPowa went to press, but CBS is reporting the arraignment of central New York resident George Badigan (63) on Internet sportsbetting charges involving $57 million.

Bwin exec presents Spanish regulatory proposal
23.07.2008 - Karin Klein, the Regulatory Affairs Director for European online gambling giant Bwin, presented regulatory suggestions for Spanish gambling to the recent Gaming Executive Summit in Madrid, emphasising that any new regulations should take into account the existing license and tax systems, the transparency of companies, security, responsible gaming policies and the introduction of an independent control body.

Spam king locked away
23.07.2008 - Internet users plagued by growing and apparently never ending volumes of unsolicited email commercial offers will be pleased to hear that not all of the anonymous legions that generate this time wasting dross escape unscathed.

Another string for Cantor´s on-premises mobile gambling
22.07.2008 - The New York-based Cantor Fitzgerald group, already in a strong proprietary technology position in the new market of mobile gambling on licensed land casino premises, acquired a second string to its bow this week with the acquisition of Michael “Mickey” Wichinsky’s family of businesses by subsidiary Cantor Gaming.