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	<title>Online Gambling News for Casino, Poker &#038; Hotel Industry. &#187; Skill Gaming</title>
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		<title>Award winning Acesace.com renovates its interface</title>
		<link>http://onlinegamblingnews.net/2008/award-winning-acesacecom-renovates-its-interface/08/01/</link>
		<comments>http://onlinegamblingnews.net/2008/award-winning-acesacecom-renovates-its-interface/08/01/#comments</comments>
		<pubDate>Fri, 01 Aug 2008 07:40:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Africa Gambling]]></category>
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		<guid isPermaLink="false">http://onlinegamblingnews.net/?p=494</guid>
		<description><![CDATA[AcesAce.com is a leading Online Gaming Company that offers customers worldwide a gang of betting options include sports and entertainment wagering, horse racing, casino, and poker. Being in the industry over 15 years with all the experience needed to be one of the leading online betting sites that provide customer’s quality service and experience to [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.acesace.com"><img class="alignnone" src="http://www.acesace.com/images/Logo.png" alt="http://www.acesace.com/" align="right" /><strong>AcesAce.com</strong></a> is a leading Online Gaming Company that offers customers worldwide a gang of betting options include sports and entertainment wagering, horse racing, casino, and poker. Being in the industry over 15 years with all the experience needed to be one of the leading online betting sites that provide customer’s quality service and experience to bettors of from all walks of life. AcesAce.com has earned an unshakable reputation as one of the most respected companies in the online gaming industry.</p>
<p>Play AcesAce.com Las Vegas-style <a href="http://www.acesace.com/casino/"><strong>online casino</strong></a> games. Enjoy table games like <a href="http://www.acesace.com/help/casino-blackjack-game.php"><strong>Blackjack</strong></a>, Craps, <a href="http://www.acesace.com/help/casino-roulette-game.php"><strong>Roulette</strong></a> and <a href="http://www.acesace.com/help/casino-baccarat-game.php"><strong>Baccarat</strong></a>, or win big jackpots with &#8220;Cover Up&#8221; slots, which offers exciting bonus round play high payouts!</p>
<p>Experience the thrill of <a href="http://www.acesace.com/poker/"><strong>online poker</strong></a>. Acesace.com online poker redefines excitement in ways you never imagined. AcesAce.com is committed to having the safest, most secure poker site online. Using the latest software to run the games professionally and assure that AcesAce online gambling games uphold the highest standards of integrity and fair play. Come join the online poker craze. AcesAce.com is the poker site with a passion for excitement!</p>
<p>AcesAce.com provides customers over 150 betting options daily through its portfolio of companies and managed services.</p>
<p>Despite the accomplishments and milestones attained by Acesace.com the site has decided to even make things better by completely renovating their looks that would certainly appeal to most if not all bettors from all corners of the world.</p>
<p>Acesace.com offers so many sports wagers, you need not look elsewhere.</p>
<p><strong>Football Betting</strong></p>
<ul>
<li> <strong><a href="http://www.acesace.com/sportsbook/sports.php?Sport=NFL">NFL Football Odds and Betting Lines</a></strong></li>
</ul>
<ul>
<li> <strong><a href="http://www.acesace.com/sportsbook/sports.php?Sport=NCAA%20Futures">NCAA Football Odds and Betting Lines</a></strong></li>
</ul>
<p><strong>Basketball Betting</strong></p>
<ul>
<li> <strong><a href="http://www.acesace.com/sportsbook/sports.php?Sport=Basketball%20Futures">NBA Basketball Odds and Betting Lines</a></strong></li>
</ul>
<ul>
<li> <strong><a href="http://www.acesace.com/sportsbook/sports.php?Sport=2009%20NCAA%20Basketball%20Championship">NCAA Basketball Odds and Betting Lines</a></strong></li>
</ul>
<p><a href="http://www.acesace.com/sportsbook/sports.php?Sport=MLB"><strong>MLB Baseball Betting Odds and Lines</strong></a></p>
<p><a href="http://www.acesace.com/sportsbook/sports.php?Sport=NHL%20Futures"><strong>NHL Hockey Betting Odds and Lines</strong></a></p>
<p><a href="http://www.acesace.com/sportsbook/sports.php?Sport=International%20Soccer"><strong>International Soccer Betting Odds and Lines</strong></a></p>
<p><a href="http://www.acesace.com/sportsbook/sports.php?Sport=Boxing"><strong>Boxing Odds and Betting Lines</strong></a></p>
<p><a href="http://www.acesace.com/sportsbook/sports.php?Sport=Golf"><strong>Golf Odds and Betting Lines</strong></a></p>
<p><a href="http://www.acesace.com/sportsbook/sports.php?Sport=2008%20US%20Open"><strong>Tennis Odds and Betting Lines</strong></a></p>
<p><strong>Auto Racing (Indy Car, NASCAR, Formula 1) Odds and Betting Lines</strong></p>
<p><strong>Cycling Odds and Betting Lines</strong></p>
<p>Go to <a href="http://www.acesace.com/sportsbook/"><strong>AcesAce.com Sportsbook</strong></a> for more online sports betting informations</p>
]]></content:encoded>
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		<title>Microsoft, Yahoo and Google paid $31.5 Million for advertising the &#8220;illegal&#8221; internet gambling</title>
		<link>http://onlinegamblingnews.net/2007/microsoft-yahoo-and-google-paid-315-million-for-advertising-the-illegal-internet-gambling/12/20/</link>
		<comments>http://onlinegamblingnews.net/2007/microsoft-yahoo-and-google-paid-315-million-for-advertising-the-illegal-internet-gambling/12/20/#comments</comments>
		<pubDate>Thu, 20 Dec 2007 06:26:38 +0000</pubDate>
		<dc:creator>ciderick</dc:creator>
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		<guid isPermaLink="false">http://onlinegamblingnews.net/2007/microsoft-yahoo-and-google-paid-315-million-for-advertising-the-illegal-internet-gambling/12/20/</guid>
		<description><![CDATA[Microsoft, Yahoo and Google &#8211; the three largest Internet companies agreed on Wednesday to pay a combined $31.5 million to settle federal civil allegations that they had accepted ads for illegal internet gambling.
The companies said they stopped taking the ads years ago. The settlement was announced by Catherine L. Hanaway, the United States attorney for [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Microsoft</strong>, <strong>Yahoo</strong> and <strong>Google</strong> &#8211; the three largest Internet companies agreed on Wednesday to pay a combined $31.5 million to settle federal civil allegations that they had accepted ads for illegal internet gambling.</p>
<p>The companies said they stopped taking the ads years ago. The settlement was announced by Catherine L. Hanaway, the United States attorney for eastern Missouri, who said the investigation, conducted by her office, the Internal Revenue Service and the Federal Bureau of Investigation, dated to 2000. Negotiations have been going on for 12 to 18 months, she said.</p>
<p>Microsoft’s $21 million portion of the settlement includes a $4.5 million forfeiture, $7.5 million to be paid to the International Center for Missing and Exploited Children and $9 million in public service ads over a three-year period, starting next year.</p>
<p>The public service campaign will aim the message that <a href="http://www.bodoglife.com/welcome/60353/"><strong>online gambling</strong></a> is illegal at those of college age and younger.</p>
<p>“We’re hopeful that our educational campaign will stop young people from gambling before they start,” the company said. Yahoo’s $7.5 million share of the settlement includes a $3 million forfeiture and $4.5 million in public service ads over three years.</p>
<p>Google will pay $3 million. A spokesman, Jon Murchinson, said the ads were in sponsored links at Google.com and other Web sites that belong to its ad network. “While we did not admit any wrongdoing, the Department of Justice has advised that online gambling is illegal in the United States, and ads to promote it are improper,” he said.</p>
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		<title>Orbis opens up OpenBet Casino &amp; FixedOdds to Parlay Bingo</title>
		<link>http://onlinegamblingnews.net/2007/orbis-opens-openbet-casino-fixedodds-parlay-bingo/01/22/</link>
		<comments>http://onlinegamblingnews.net/2007/orbis-opens-openbet-casino-fixedodds-parlay-bingo/01/22/#comments</comments>
		<pubDate>Tue, 23 Jan 2007 03:39:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Gambling Industry News]]></category>
		<category><![CDATA[Online Bingo]]></category>
		<category><![CDATA[Online Casino]]></category>
		<category><![CDATA[Skill Gaming]]></category>
		<category><![CDATA[Stocks Analysis]]></category>
		<category><![CDATA[UK/Great Britain Gambling]]></category>

		<guid isPermaLink="false">http://onlinegamblingnews.net/2007/orbis-opens-openbet-casino-fixedodds-parlay-bingo/01/22/</guid>
		<description><![CDATA[·  Parlay have signed a partnership agreement with Orbis for its OpenBet Casino and Fixed Odds Games Modules
· The agreement sees Orbis providing OpenBet Casino and OpenBet Fixed Odds Games content to Parlay, the world’s leading Internet Bingo provider
· Orbis continues to build on its position as the software provider of choice through OpenBet™ [...]]]></description>
			<content:encoded><![CDATA[<p>·  Parlay have signed a partnership agreement with Orbis for its OpenBet <a href="http://www.CasinoYellow.com">Casino</a> and Fixed Odds Games Modules<br />
· The agreement sees Orbis providing OpenBet Casino and OpenBet Fixed Odds Games content to Parlay, the world’s leading <a href="http://www.iBingogames.com">Internet Bingo</a> provider<br />
· Orbis continues to build on its position as the software provider of choice through OpenBet™ The integrated gaming solution.</p>
<p>London, UK – January 22, 2007 – <a href="http://www.openbet.com/">Orbis</a>, the world’s leading provider of interactive gaming and betting solutions, announced today its latest partnership agreement to provide games content to Parlay Entertainment.<br />
As the world’s leading developer and licensor of Internet bingo solutions, Parlay Entertainment Inc is the first company in the world to develop and deploy a commercial Internet Bingo product.<br />
Under this partnership, Orbis OpenBet Casino and Fixed Odds Games designs and concepts will be integrated into Parlay’s existing back office system. Parlay will gain access to Orbis’ portfolio of over 50 graphically rich, flexible and unique state-of-the art games offering a new dimension to game play.<br />
Parlay will be able to offer their customers a broad range of Orbis’ non-download Flash games including casino classics, popular fixed odds concepts and unique propositions such as Lucky Star. All OpenBet Fixed Odds and Casino Games may be integrated seamlessly into Parlay’s game-specific back-office engines and available in play-for-fun and real play formats.<br />
David Loveday, Managing Director, Orbis said “ We are very pleased to welcome Parlay as a new partner. This partnership once again highlights the diversity and flexibility of our product portfolio and further reflects the move in the industry towards a more open approach. We are looking forward to building a lasting relationship with our new partner. “<br />
Peter Trinz, Senior Vice President, Parlay Entertainment said “We know that online bingo players love variety. That’s why the Orbis portfolio of games is such a natural fit. The Orbis games are a great complement to Parlay’s existing portfolio of bingo, casino and lottery games. The real winners will be the players, since they will see more choice than ever before when playing at Parlay-powered bingo sites.”<br />
Orbis OpenBet presents seven distinct but compatible software modules that include Sportsbook, Casino, Rake Games, Fixed Odds Games, Exchange, Retail and Marketing. It enables operators to provide their customers the ability to bet and play across multiple products and platforms in a wide variety of languages and currencies, whilst offering a unique ‘One Account, One Wallet’ solution.</p>
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		<title>GamArena Launches Next Generation of Skill Games</title>
		<link>http://onlinegamblingnews.net/2006/gamarena-launches-next-generation-of-skill-games/06/23/</link>
		<comments>http://onlinegamblingnews.net/2006/gamarena-launches-next-generation-of-skill-games/06/23/#comments</comments>
		<pubDate>Fri, 23 Jun 2006 05:01:51 +0000</pubDate>
		<dc:creator>ciderick</dc:creator>
				<category><![CDATA[Europe Gambling]]></category>
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		<guid isPermaLink="false">http://onlinegamblingnews.net/gambling-industry-news/gamarena-launches-next-generation-of-skill-games/</guid>
		<description><![CDATA[GamArena, the European Skill Games Network, has announced the launch of the next generation in skill games, with the network offering exclusive games to play online for fun and for cash.
The skill gaming network GamArena has launched both via the B2C proposition www.GamArena.com and via a customized and integrated B2B version for PAF (at www.PAF.fi). [...]]]></description>
			<content:encoded><![CDATA[<p><strong>GamArena, the European Skill Games Network, has announced the launch of the next generation in skill games, with the network offering exclusive games to play online for fun and for cash.</strong></p>
<p>The skill gaming network GamArena has launched both via the B2C proposition www.GamArena.com and via a customized and integrated B2B version for PAF (at www.PAF.fi). The announcement marks the conclusion to more than 20 months of development work into the network which is supported by Finnish company EGET&#8217;s proprietary EnterGainment Platform with back-office technology and services.</p>
<p>GamArena offers the latest in high-quality gaming entertainment with 14 games including the officially licensed game from multiple <strong>World and Olympic Table Tennis Champion Jan-Ove Waldner</strong>, ever classic <strong><a href="http://backgammon-game-rules-online-play.com/free-backgammon-game/news/" target="_self">Backgammon</a></strong>, <strong>frantic Formula 0.01 Racing</strong>, stylish <strong><a href="http://mahjong-free-game.com/articles/en-us-Kyodai+Mahjong.php" target="_self">MahJong</a></strong> and skill versions of <strong><a href="http://blackjacklessons.net/search/0/free-black-jack-game" target="_self">Black Jack</a></strong> and <strong><a href="http://three-3-card-poker-casino-game-tips.com/articles/en-us-3+card+poker+online.php" target="_self">3-Card Poker</a></strong>.</p>
<p>The company has also signed distribution deals with media and betting &amp; gaming partners such as Aftonbladet and Bet and Win, with many others in the pipeline.</p>
<p>Andrew Pegler, Managing Director of GamArena, said, &#8216;The whole team is very proud of what it has achieved. And that&#8217;s not all &#8211; we have new games and functionality to add to the product and very exciting distribution partners to work with including Bet and Win.&#8217;</p>
<p>Lars Porko, PAF CEO, said, &#8216;We believe strongly in the potential of GamArena and skill games. We see it as the perfect vehicle to entertain players in an ever more challenging Internet environment.&#8217;</p>
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		<title>BOSPLC Acquires Two Chinese Sportsbooks in China</title>
		<link>http://onlinegamblingnews.net/2006/bosplc-asian-sportsbook-china-guangdong/05/23/</link>
		<comments>http://onlinegamblingnews.net/2006/bosplc-asian-sportsbook-china-guangdong/05/23/#comments</comments>
		<pubDate>Tue, 23 May 2006 09:14:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[China Gambling]]></category>
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		<guid isPermaLink="false">http://onlinegamblingnews.net/gambling-industry-news/bosplc-asian-sportsbook-china-guangdong/</guid>
		<description><![CDATA[BETonSPORTS plc, one of the world&#8217;s largest US and Asia-facing online gaming companies, announces the acquisition of China facing sportsbooks Hooball and 777ball. The addition of these brands effectively doubles BETonSPORTS&#8217; Asian market presence. 
 100 per cent Internet based with a principal customer base in Guangdong and Zheziang provinces, Beijing and Shanghai, sportsbook activity [...]]]></description>
			<content:encoded><![CDATA[<p>BETonSPORTS plc, one of the world&rsquo;s largest US and Asia-facing online gaming companies, announces the acquisition of <a href="http://www.SINASports.com" target="_self">China facing sportsbooks Hooball and 777ball</a>. The addition of these brands effectively doubles BETonSPORTS&rsquo; Asian market presence.<br /> 
<p> 100 per cent Internet based with a principal customer base in Guangdong and Zheziang provinces, Beijing and Shanghai, sportsbook activity largely centres on football and basketball. The business will be fully integrated into the existing Easy Bets operating structure in Malaysia to deliver enhanced management control, cost savings, improved processing channels, additional key personnel skills and product diversification across all BETonSPORTS plc&rsquo;s Asian brands.</p>
<p> The initial purchase consideration and the value attributable to the assets, of US$22 million, will be satisfied on completion of the acquisition as to US$10 million in cash and the issue of 3,859,089 ordinary shares of 1p each in the capital of the Company (the &ldquo;Consideration Shares&rdquo;*). Deferred consideration of up to US$16 million has been agreed, to be paid in cash depending on the profitability of the business in the year after completion. The maximum total purchase consideration for the business is US$38 million.</p>
<p> The historic profit before tax to 31 December 2005 (unaudited) of the business being acquired was US$3.6 million. The current rate of gross handle is approximately $120 million (RMB1,000 million approx) per annum, in respect of two sportsbook brands, but including exchange betting of $8 million per annum; additionally, there is a new casino, which commenced operations in March 2006, with an initial gross handle of $5 million in that month.</p>
<p> During the 15 months ending 31 March 2006 the business had 28,274 sign ups, 40% of which were real money sign ups with deposits. Active clients (being unique customers wagering in a month) between January 2005 and March 2006 remained relatively stable at approximately 6,500 a month.</p>
<p> Since the business will be fully integrated in to the existing Easy Bets operation, the earnout period agreed with Tim Lambe, Managing Director of Easy Bets, upon acquisition of Easy Bets in May 2005, has been extended from three to five years. Adjustments have also been made to the cost base and percentage entitlement to profits above a minimum level in year 3 of the earnout which extend to years 4 and 5 such that the cap on total consideration for the Easy Bets acquisition is now US$40 million compared to the original US$32.5 million (of which US$15 million was paid as initial consideration).</p>
<p> David Carruthers, Chief Executive of BETonSPORTS plc, said &#8216;This acquisition is not merely earnings enhancing. We see China as a &ldquo;must-be-in market&rdquo; and with Hooball and 777ball consolidating our Easy Bets presence, our first mover advantage is significantly increased. The diversification of revenue streams away from the US further mitigates the seasonality of activity in our US facing business.</p>
<p> &ldquo;These brands meet our criteria of proven profitability, territory expertise, straightforward IT integration and robust processing channels combined with effective risk management. We strongly anticipate that the benefits of integration with Easy Bets in terms of cross selling, marketing, skill sets and cost savings will rapidly become apparent. Immediately prior to a World Cup doesn&rsquo;t look like the worst of times to be acquiring such a strongly soccer-centric sportsbook.&rdquo;</p>
<p>  Max Hsiun, former CEO at Hooball and now Easy Bets&rsquo; Business Development Manager commented, &ldquo;I am delighted to be part of BETonSPORTS&rsquo; Asian plan and teaming up with a quality brand like Easy Bets with its resources and reputation can only be good for the long term future and the successful development of the Hooball business.&rdquo;</p>
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		<title>Big Brother Developer Gets into Online Gaming</title>
		<link>http://onlinegamblingnews.net/2006/big-brother-internet-gaming/05/18/</link>
		<comments>http://onlinegamblingnews.net/2006/big-brother-internet-gaming/05/18/#comments</comments>
		<pubDate>Thu, 18 May 2006 23:46:49 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Europe Gambling]]></category>
		<category><![CDATA[Gambling Industry News]]></category>
		<category><![CDATA[Skill Gaming]]></category>
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		<guid isPermaLink="false">http://onlinegamblingnews.net/gambling-industry-news/big-brother-internet-gaming/</guid>
		<description><![CDATA[18-05-06
Endemol UK have announced the launch of a new digital media division which they promise will create multi-platform gaming entertainment.
 Endemol Gaming will hope to build on the UK group&#8217;s strategic relationships with key players in the gaming industry to bring mass-market entertainment to the sector. 
 The new division will aim to continue building [...]]]></description>
			<content:encoded><![CDATA[<p><font color="#9a395e">18-05-06</font></p>
<p>Endemol UK have announced the launch of a new digital media division which they promise will create multi-platform gaming entertainment.
<p> Endemol Gaming will hope to build on the UK group&rsquo;s strategic relationships with key players in the gaming industry to bring mass-market entertainment to the sector. </p>
<p> The new division will aim to continue building activity in this sector, creating stand-alone content for a wide range of media platforms. This includes live sports betting, poker, instant win games, gaming TV, fixed odds games, multiplayer quiz formats and skill games.</p>
<p> New Creative Director at Endemol Gaming, Sarah Bellamy, said, &ldquo;Our goal is to bring Endemol&rsquo;s substantial creative resources to the gaming industry and develop a wide range of tailor made entertainment for the global market.&rdquo;</p>
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		<title>Worldwide Web Games $1 Million Championship</title>
		<link>http://onlinegamblingnews.net/2006/worldwide-web-games-1-million-championship/05/17/</link>
		<comments>http://onlinegamblingnews.net/2006/worldwide-web-games-1-million-championship/05/17/#comments</comments>
		<pubDate>Wed, 17 May 2006 08:47:18 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Skill Gaming]]></category>

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		<description><![CDATA[WorldWinner Joins SkillJam to Co-Host Worldwide Web Games(TM)  $1 Million Championship
Tuesday May 16, 10:12 am  ET  
Casual Gamers to Vie for  $1 Million Prize at Championship in Hollywood this Summer  

NEWTON, Mass., May 16 /PRNewswire-FirstCall/ &#8212; WorldWinner, a  subsidiary of FUN Technologies Inc. (LSE (AIM): FUN and TSX: FUN) [...]]]></description>
			<content:encoded><![CDATA[<p><span class="t">WorldWinner Joins SkillJam to Co-Host </span><span class="t">Worldwide Web Games(TM)  $1 Million Championship</span></p>
<p><span class="tt">Tuesday May 16, 10:12 am  ET</span>  </p>
<p><span class="t2">Casual Gamers to Vie for  $1 Million Prize at Championship in Hollywood this Summer</span>  </p>
</p>
<div class="ar">NEWTON, Mass., May 16 /PRNewswire-FirstCall/ &#8212; WorldWinner, a  subsidiary of FUN Technologies Inc. (LSE (AIM): FUN and TSX: FUN) and one of the  world&#8217;s leading providers of online games competitions, today announced that it  is joining SkillJam Technologies to co-host the Worldwide Web Games, formerly  known as the Skill Games World Championship(TM). Together, WorldWinner and  SkillJam comprise FUN&#8217;s FUN Games division, with a collective audience of 27  million online gamers. The companies are combining forces to bring casual gamers  worldwide an unprecedented platform for interactive entertainment and an  opportunity to compete for the $1 million prize at the Worldwide Web Games  finals in September.
<p>Available  immediately, WorldWinner players can enter tournaments in Solitaire at <a href="http://www.worldwinner.com/w3games">http://www.worldwinner.com/w3games</a>  to qualify for the Worldwide Web Games championship, and the high scorer in each  qualifying tournament wins a seat at the finals. WorldWinner plans to add  qualifying tournaments in Bejeweled 2 and Zuma shortly. </p>
<p>&quot;WorldWinner players thrive on competition and we&#8217;re excited to offer them an  opportunity to be a part of this first-of-its-kind championship and a shot at  the million-dollar prize,&quot; said Peter Blacklow, chief marketing officer of  WorldWinner. &quot;For every online gamer who&#8217;s ever thought they&#8217;re unbeatable, this  competition is truly their chance to prove it.&quot; </p>
<p>Players can qualify for the Worldwide Web Games championship by achieving the  highest score in their tournament bracket in any one of three popular casual  games &#8212; Bejeweled 2, Solitaire or Zuma &#8212; at <a href="http://www.w3games.com/">http://www.w3games.com</a>, <a href="http://www.skilljam.com/">http://www.skilljam.com</a>, or any of FUN  Technologies&#8217; partner sites such as GSN.com, AOL Games, MSN Games, Real Networks  and Virgin Games. To date, more than 40 winners have already qualified, with new  winners being announced every week through July. The finals will be held on  September 9 at the Renaissance Hotel in Hollywood, where the best all-around  player will be crowned &quot;World&#8217;s Best Casual Gamer&quot; and awarded the $1 million  grand prize. Additionally, GSN, the network for games, the entertainment  industry&#8217;s leading producer of interactive television, will televise the  Championship in December. </p>
<p>&quot;We are excited to make the Worldwide Web Games championship available to an  additional audience of 17 million casual game players at WorldWinner,&quot; said  Lorne Abony, CEO of FUN Technologies. &quot;As we expand our search for the world&#8217;s  best casual gamer, this competition is fast becoming a true world-class  event.&quot;</p>
</div>
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		<title>FUN Technologies further consolidates online gaming leadership position in acquiring WorldWinner.com</title>
		<link>http://onlinegamblingnews.net/2006/fun-technologies-further-consolidates-online-gaming-leadership-position-in-acquiring-worldwinnercom/03/21/</link>
		<comments>http://onlinegamblingnews.net/2006/fun-technologies-further-consolidates-online-gaming-leadership-position-in-acquiring-worldwinnercom/03/21/#comments</comments>
		<pubDate>Wed, 22 Mar 2006 01:53:04 +0000</pubDate>
		<dc:creator>ciderick</dc:creator>
				<category><![CDATA[Gambling Industry News]]></category>
		<category><![CDATA[Skill Gaming]]></category>

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		<description><![CDATA[TORONTO, March 20 /PRNewswire-FirstCall/ &#8211; FUN Technologies Inc. (&#34;FUN&#34; or the &#34;Company&#34;), one of the world&#8217;s leading online casual gaming providers, announced today that its wholly owned subsidiary, SkillJam Technologies Corporation (&#34;SkillJam&#34;), has acquired WorldWinner.com, Inc. (&#34;WorldWinner&#34;), in a US$23 million transaction that further consolidates the Company&#8217;s leadership position in the fast-growing casual gaming market.
Based [...]]]></description>
			<content:encoded><![CDATA[<p>TORONTO, March 20 /PRNewswire-FirstCall/ &#8211; FUN Technologies Inc. (&quot;FUN&quot; or the &quot;Company&quot;), one of the world&#8217;s leading online casual gaming providers, announced today that its wholly owned subsidiary, SkillJam Technologies Corporation (&quot;SkillJam&quot;), has acquired WorldWinner.com, Inc. (&quot;WorldWinner&quot;), in a US$23 million transaction that further consolidates the Company&#8217;s leadership position in the fast-growing casual gaming market.</p>
<p>Based in Newton, Massachusetts, WorldWinner is a privately held company that specializes in online skill games. It hosts more than 10 million games and awards millions of dollars in prizes every month, with games in five categories: Card (Bridge, Spades), Word (Word Mojo(TM)), Arcade (SwapIt, Blockwerx), Strategy (Skillgammon, Cubis) and Sports (Pool, Polar Bowler). An average of 350,000 games are played on WorldWinner daily. For the 12 months ended December 31, 2005, WorldWinner&#8217;s unaudited financial statements showed revenue of US$10.67 million, a loss before interest, taxes and extraordinary items of US$0.68 million and net assets of US$3.91 million.</p>
<p>SkillJam is a multi-channel provider of skill-gaming technology and solutions. It develops and distributes private-label gaming solutions for a broad network of partner destination sites in the US and abroad, including AOL, MSN&#8217;s Zone.com, Virgin Games and Lycos. Through its skill-gaming website SkillJam.com, SkillJam offers a wide range of skill games to its over 9 million registered users. SkillJam games are also offered over the Internet, through wireless applications (mobile) and iTV (interactive television), and on stand-alone kiosks.</p>
<p>Over the short term, WorldWinner&#8217;s products will continue to be offered on its website, <a href="http://www.worldwinner.com" target="_self">www.worldwinner.com</a>, but there will be some level of integration in the future with the SkillJam property. The consideration for FUN&#8217;s acquisition of WorldWinner is a payment to the sellers of approximately US$23 million in cash.</p>
<p>Lorne Abony, the CEO of FUN Technologies, said, &quot;The acquisition of WorldWinner is a significant strategic achievement for FUN Technologies. WorldWinner was until now our largest competitor and by consolidating the two businesses we will achieve significant operating efficiencies, leverage and synergies. Skill-gaming is in its infancy and we believe it makes tremendous sense to consolidate the sector in its early stages to capture market share, increase supplier concentration, enhance distribution and acquire customers at low cost per acquisition. The synergies that exist in merging SkillJam and WorldWinner are enormous, as the businesses are complementary in every way.&quot;</p>
<p>Rick Weil, the President of FUN Technologies, commented that acquiring WorldWinner means leveraging economies of scale and significantly growing revenue. Further, Mr. Weil stated, &quot;We will acquire millions of new non- overlapping customers, increase our liquidity and offer customers a variety of new online games. We also intend to move quickly to take advantage of the cost synergies which exist in redundant operations.&quot;</p>
<p>Stephen Killeen, the President and CEO of WorldWinner, commented, &quot;We are proud to be a part of this merger with FUN Technologies. The consolidation of the two organizations will result in a global skill-gaming powerhouse.&quot;</p>
<p>About FUN Technologies Inc.</p>
<p>FUN Technologies Inc. is one of the world&#8217;s leading online casual gaming providers. FUN&#8217;s strategy is to provide its cutting-edge, person-to-person gaming systems to top, licensed distribution partners in regulated markets around the world. FUN is 51% owned by Liberty Media Corporation, and FUN&#8217;s common shares are listed on both the Toronto Stock Exchange and the Alternative Investment Market (AIM) of the London Stock Exchange under the symbol &quot;FUN&quot;.</p>
<p>About SkillJam Technologies</p>
<p>SkillJam, a subsidiary of FUN Technologies Inc., is the leading multi- channel provider of skill-gaming technology and solutions, and boasts more than 70 skill games across all gaming genres, including Puzzle, Arcade, Card and Tile, Word, Trivia and Multiplayer games. SkillJam develops and distributes skill-gaming solutions across online, mobile and iTV platforms, while providing a host of private-label gaming solutions for a broad network of partner destination sites in the U.S and abroad, including AOL Games, MSN Games and Real Networks. In 2005, SkillJam partnered with many more leading global brands, including GSN and Virgin Games.</p>
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		<title>Fun Technologies shareholders approve takeover by Liberty Media</title>
		<link>http://onlinegamblingnews.net/2006/skill-gaming-fun-tech-acquired-liberty-media/02/23/</link>
		<comments>http://onlinegamblingnews.net/2006/skill-gaming-fun-tech-acquired-liberty-media/02/23/#comments</comments>
		<pubDate>Thu, 23 Feb 2006 06:24:38 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Gambling Industry News]]></category>
		<category><![CDATA[Skill Gaming]]></category>

		<guid isPermaLink="false">http://onlinegamblingnews.net/gambling-industry-news/skill-gaming-fun-tech-acquired-liberty-media/</guid>
		<description><![CDATA[Premised on the idea that &#34;skill gaming is NOT gambling&#34; a mainstream media company dives head first into online interactive gambling space. Liberty Media acquires Fun Technologies. FUN also offers fantasy leagues and sports betting odds information services, its suite of skill games include 

Puzzle games
Word and Trivia games
Solitaire
Poker Solitaire
Mahjong or Mah Jong
Blackjack Solitaire&#160;
Arcade games [...]]]></description>
			<content:encoded><![CDATA[<p>Premised on the idea that &quot;<a href="http://onlinegamblingnews.net/gambling-news/search/0/skill-gaming" target="_self">skill gaming is NOT gambling</a>&quot; a mainstream media company dives head first into online interactive gambling space. Liberty Media acquires Fun Technologies. FUN also offers <a href="http://onlinegamblingnews.net/gambling-news/search/0/sports-fantasy-leagues" target="_self">fantasy leagues</a> and <a href="http://onlinegamblingnews.net/gambling-news/search/0/sports-betting-odds" target="_self">sports betting odds</a> information services, its suite of skill games include </p>
<ol>
<li>Puzzle games</li>
<li>Word and Trivia games</li>
<li><a href="http://onlinegamblingnews.net/gambling-news/search/0/Solitaire" target="_self">Solitaire</a></li>
<li><a href="http://onlinegamblingnews.net/gambling-news/search/0/Poker-Solitaire" target="_self">Poker Solitaire</a></li>
<li><a href="http://onlinegamblingnews.net/gambling-news/search/0/Mahjong" target="_self">Mahjong</a> or <a href="http://onlinegamblingnews.net/gambling-news/search/0/Mah-Jong" target="_self">Mah Jong</a></li>
<li><a href="http://onlinegamblingnews.net/gambling-news/search/0/Blackjack-Solitaire" target="_self">Blackjack Solitaire</a>&nbsp;</li>
<li>Arcade games   </li>
</ol>
<p>LONDON (CP) &#8211; Fun Technologies PLC (TSX:FUN) shareholders have voted unanimously in favour of a previously announced takeover of the Canadian-based online gaming company by American cable and Internet company Liberty Media.</p>
<p> Friday&#8217;s shareholder&#8217;s vote in London will be followed by a series of steps on March 7 and 8, including a London court hearing to approve the deal, delisting of Fun&#8217;s current shares in London and Toronto and the listing of the &quot;new&quot; Fun shares. </p>
<p>Created in June 2002 by two cofounders of CryptoLogic Inc. (TSX:CRY), a Toronto-based software company that develops and runs online casino and poker systems, Fun Technologies provides online skill games. </p>
<p>Skill gaming involves wagering cash on any game that&#8217;s not a game of chance or luck &#8211; games like chess, checkers, solitaire, and spelling games. </p>
<p>Fun Technologies also runs an interactive television game-show service for GSN, a U.S. cable-TV channel co-owned by Sony and Liberty Media, which also owns the QVC Inc. shopping network and other companies. </p>
<p> The friendly deal between Liberty and Fun was valued at $195 million US when it was announced from London on Nov. 22.  </p>
<p>Under the multi-stage deal, Liberty, based in Englewood, Colo., will invest $50 million US in Fun by purchasing 10.5 million of its common shares directly from its treasury. </p>
<p>In the second part of the deal, Liberty will issue a tender offer to buy 23.2 million existing shares at 360 pence to take its total ownership in a recapitalized Fun to 51 per cent. </p>
<p> The price of 360 pence was established as a 40 per cent premium to Fun&#8217;s stock price in London as of Nov. 18.  </p>
<p>If more than 23.2 million Fun shares are tendered to the offer, its shareholders will be paid partly in cash and partly in shares of the &quot;new&quot; Fun Technologies. </p>
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