Latest
News on Gambling
by Jerry "Jet" Whittaker
February 19, 2006
Gambling is a game of
money which slightly depends on experience and
skill.Gambing is very frequently played in America.
There are some latest
gambling world news.
Global Interactive
Signs with Ladbrokes
Under the press release
of WEST PATERSON, New Jersey: Interactive Systems
Worldwide Inc. Announced today that its wholly owned
subsidiary, Global Interactive Gaming Limited ("GIG")
had signed an agreement with Ladbrokes eGaming Ltd.
("Ladbrokes"). Ladbrokes eGaming is a part of Ladbrokes
plc, that GIG will provide software and services to
allow Ladbrokes to offer integrated play-by-play betting
throughout the course of a sporting event.
The betting
markets will be offered initially on the Internet, with
deployment across mobile phone and interactive
television being evaluated. This is a non-exclusive
agreement, which will provide GIG with a share of the
wagering revenue. The markets will be offered in
multiple languages, and wagers will be accepted in
multiple currencies. GIG utilizes the SportXction(R)
System, developed by ISWI, to manage primarily
short-term, play-by-play oriented, betting opportunities
("propositions" or "markets") during a live sporting
event.
Fortuna Gaming to
De-list Stock:
Under the press release
of LONDON: Fortuna Gaming Corp. (OTC Bulletin Board:
FGAM.OB) (the "Company") announced today that it is
taking immediate steps, including legal action if
necessary, to de-list its common stock from trading on
the Berlin-Bremen Stock Exchange ("BBSE"), After
knowing that it is one of numerous U.S. based publicly
traded companies whose stock has been listed on the BBSE
without its prior knowledge, consent or authorization.
Due to the timing of the unauthorized listing of
Company's common shares on the BBSE, the Company became
suspicious that "naked short selling" may be taking
place in its stock as evidenced in a drop in share price
over the recent months. On Oct 29, 2003, the SEC
implemented a rule to ban "naked shorting" in order to
protect thinly traded stocks that are vulnerable to
aggressive short- selling which would cause the stock
price to fall. Short selling is a trading practice
whereby investors borrow stock from a broker to sell
with the hope that the stock price will decline before
they have to return the shares back to cover their
position. However, naked shorting involves groups of
people working together to manipulate the market by
selling fictitious shares of stock in an effort to force
a company's share price to go down.
By listing a company's
common stock on the BBSE without the consent of the
company, market manipulators seek to benefit from an
"arbitrage" loophole. In what is believed to be the
unregulated nature of the BBSE, none of the present
regulations are designed to close this loophole.
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