Sports Gambling odds
January 28th General news ... Sports Gambling odds created to assist the sports bettor in properly handicapping
Sports Gambling odds created to assist the sports bettor in properly handicapping . In order to profit in from a complex games , the bettor must be as informed as possible on the ever changing statistics and trends.
General News
AFRICAN ARRESTS IN INTERNET LOTTERY SCAM
2011-12-21
Analysts study slow start to trading
The IPO on Nasdaq last week of social gaming giant Zynga was the subject of analyst assessments Tuesday following the company's disappointingly slow progress - it closed almost a dollar down on the $10 listing price Monday.
The San Francisco online gaming company, which generates most of its revenue from games on Facebook's social-networking platform, sold 100 million shares at $10 apiece Friday, raking in $1 billion and valuing the company at $7 billion (see previous InfoPowa reports).
However, the stock price began falling almost immediately after hitting the open market, and shares ended down 5 percent at $9.50. That pattern didn't change Monday, as Zynga stock slid to a closing price of $9.05.
Some analysts believe the stock is suffering from a large offering and increased competition. The offering represents 15 percent of the company, a much larger offering than other recent tech IPOs such as LinkedIn, Groupon and Jive, which all offered less than 10 percent.
That decision led to the inability of individual investors excited about the stock to raise the price, said Sam Hamadeh, CEO of PrivCo.com, which compiles financial data on private companies. The offering was "too big to move," he said.
Other observers opined that the company's reliance on Facebook and fears that its meteoric growth may be plateauing could have discouraged investors, along with a changing sentiment toward tech companies, with buyers becoming more sceptical and perhaps fearful of another internet bubble.
They pointed to recent IPOs that excited initial interest that proved unsustainable: LinkedIn's May IPO saw the stock price quickly double, whilst Pandora hit $16 despite only targeting a high end of $12. However, both companies were unable to hold on to those highs, and other tech IPOs in recent weeks also failed to live up to their initial hype, with Angie's List and Groupon both struggling to maintain early momentum.
Jim Krapfel, equity analyst at Morningstar, said investors viewed these as cautionary tales when evaluating Zynga. He claimed the market turned negative in August: "Until that improves meaningfully, that kind of trend will likely continue into 2012."
The economic recession has not helped confidence either, Hamideh observed.
WILL HILL'S NEVADA SPORTSBOOK ACQUISITION NAMED IN LEGAL ACTION
2011-08-04
Cantor Gaming suing competing sports book's chief executive
William Hill plc's move into the Nevada sports betting market through the $15.7 million acquisition of Brandywine Bookmaking and the Lucky’s Race and Sports Book chain (see previous InfoPowa reports), appears to be ruffling a few feathers.
Cantor Gaming, which is active in the on-premises remote gambling sector in the betting mecca, filed a lawsuit Tuesday in Clark County District Court, alleging that one of its former executives, Joseph Asher, breached non-compete and confidentiality obligations.
Cantor claims that Asher left its employ in 2007 and went on to develop the Las Vegas-based Brandywine Bookmaking and Lucky’s Race and Sports Book chain - now the focus of plans to sell the enterprise to British bookmaker William Hill plc.
Cantor Gaming faces intense competition from the Brit firm, which is also buying the local Leroy’s sports betting chain owned by American Wagering Inc.
Asher has denied the charges, saying in a statement Wednesday: "I left Cantor over four years ago and Brandywine has been operating for over three years. Cantor didn't file its complaint until after we signed a deal to sell the company to William Hill.
“The timing says a lot. Any allegation that I have done anything wrong is ridiculous and totally false."
However, the Cantor filing charges that after working with Cantor Fitzgerald L.P. for more than a decade as an outside attorney, "Asher was given the opportunity ….to participate as a partner in Cantor’s high technology entry into the gaming industry.’"
In September 2004, Asher accepted a limited partnership interest in Cantor company CGW Holdings and served as managing director and vice president of another Cantor company, CGW Nevada.
According to the filing, Asher "became privy to Cantor’s revolutionary ideas in mobile gaming and sports wagering" and "was subject to a contractual duty of loyalty that included stringent non-compete obligations in favor of both CGW Holdings and CGW Nevada."
Asher played a key role over the following three years in obtaining gaming licenses and negotiating with casino operators on potential sports betting deals, it is claimed.
He resigned in March 2007 and, Cantor claims, "began a concerted effort to establish a gaming enterprise through the improper usurpation of proprietary ideas and corporate opportunities that rightfully belonged to the Cantor partnerships."
"Asher diverted profitable business opportunities with Navegante Group, a well-respected casino services provider," the filing alleges, saying that the diversion of Navegante also had the effect of delaying CGW Nevada’s commencement of sports wagering operations by several months.
"On behalf of the CGW Partnerships, Asher was spearheading discussions about specific locations with Navegante throughout 2006 and early 2007,’’ Cantor Gaming asserts. "Representatives of Navegante were in communication with Asher concerning sports wagering at Navegante locations as late as one week prior to Asher’s sudden departure.
"Asher usurped this opportunity for himself and his Brandywine entity. Asher and Brandywine entered into an arrangement with Navegante to conduct sports wagering at facilities managed by Navegante, including the Red Lion Hotel & Casino in Elko, the Grand Sierra Resort & Casino in Reno, the Plaza Hotel & Casino in Las Vegas and Casino Fandango in Carson City.
"But for Asher’s usurpation of CGW Nevada’s corporate opportunities and Asher’s violation of his fiduciary and non-compete obligations to the CGW Partnerships, CGW Nevada would have been able to conduct sports wagering operations at these facilities," Cantor complains.
Cantor Gaming is now concerned that Asher as CEO of Brandywine will join William Hill management and attempt to divert business opportunities from Cantor to William Hill, the filing notes.
In addition to the Brandywine allegations, the filing also complains that Asher has failed to pay the outstanding principal and accrued interest on two loans of unspecified value from Cantor.
Cantor’s lawsuit asks the court to impose a constructive trust on the proceeds of the Brandywine sale to William Hill and to award Cantor unspecified damages.
Brandywine, operating as Lucky's, has 16 Nevada land locations.
PADDY POWER POSTS STRONG YTD RESULTS
2011-05-18
Online revenues show solid growth with UK and Irish mobile gambling up 298 percent
Irish bookmaker Paddy Power announced in an Interim Management Statement that its strong momentum continues into 2011 for the period 1 January 2011 to 15 May 2011 (YTD).
Key performance indicators include:
- Group revenue up 21 percent year to date
- of which 33 percent growth in online revenues and 7 percent growth in retail revenues.
- UK and Irish online business:
- paddypower.com's online sportsbook performed strongly with total amounts staked up by 46 percent.
- amounts staked via mobile showed a 298 percent growth with 34 percent of its active customers transacted via mobile.
- Sportsbook Gross Win up 60 percent
- Gaming/B2B Gross Win up 26 percent
- Australian online business:
- Amounts staked up 7 percent
- Gross Win up 13 percent
Nigel Northridge, Chairman, Paddy Power PLC said "The comparative period for the remainder of the year benefited from the football World Cup, as well as very favourable sports results. However, the strong underlying momentum in the Group should help to offset these factors, and consequently the Board looks forward to the balance of 2011 and beyond with confidence.”
TRADING UPDATE FROM GVC HOLDINGS
2011-05-06
Online gambling group's Latin American operations burgeoning
The Isle of Man-based online gambling group GVC Holdings plc issued a trading update to coincide with its agm on the island this week, reporting that its Latin American-facing Betboo subsidiary is doing particularly well, with net gaming revenues up 138 percent.
The trading update covers the period January 1 to May 3, 2011 and shows that:
* Total net gaming revenue over the period is 10 percent up year-on-year, averaging Euro 168 000 a day.
* Mainly German-facing Casino Club.com operations are up 3 percent
* Betaland NGR is up 4 percent.
* Overall group sports gross margin achieved over the period was 14.8 percent, well up on the corresponding period last year which reached 10.9 percent.
Management said it remained "cautiously optimistic" for the remainder of the year.