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FURTHER PROGRESS FOR IN-GAME BETTING FIRM
Global Interactive Gaming's in-game betting product SportXction continued to rack up the positive numbers in June, vindicating the faith that parent group Interactive Systems Worldwide Incorporated (ISWI) has shown in the play-by-play wager concept in sporting events.
The system accepts fixed bets while punters view or listen to sporting events through public media.
Turnover hit $4 million for the month of June, a company spokesman revealed - the largest yet recorded by the London-based GIG, and an increase of 77 percent over the same period last year, and a 66 percent increase over the month of May 2008's $2.4 million.
Record net revenues of $302 000 have also been highlighted, delivering a ‘hold’ percentage, or the total amount retained by the system after winning wagers are paid, of 7.58 percent.
Limited cash resources remain management's top priority and $50 000 in debt financing was achieved in June through the issuance of a promissory note to help the firm handle a short-term liquidity issue.
The one-year contract of ISWI's CEO Bernard Albanese has been extended by three months from end June in order to allow the firm enough time to resolve liquidity issues without burdening it with 'additional long-term commitments'. The company revealed that Albanese has not drawn a salary since April 2008, although his pay is being accrued as a liability by the company at a voluntarily reduced rate of $180 000 a year.
Gambling News :
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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