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Online Gambling Thirty thousand fraudulent attempts a day halted

2/1/10 - The Portland, Oregon-based Internet security company Iovation reported at the ICEi show this week that its operating statistics prove that 30 000 fraud attempts a day have been halted across its range of client sites.
The company reported monthly recurring revenues up 50 percent over the beginning of 2009, having closed last year with impressive results in revenue growth, new customer acquisitions and expansion of its globally shared database of device reputations.
The security firm released statistics showing that since inception, Iovation has performed over 2.7 billion reputation checks on behalf of customers, processing nearly double in 2009 over 2008, and actively stopping more than 30 000 fraudulent activities per day on the Internet.
Iovation’s revenue growth reflects the growing adoption of device reputation monitoring as a core component of fraud prevention and detection strategies. Businesses in industries ranging from retail to online communities are using device reputation checks to identify and shut down fraud schemes and organised criminal rings.
“In 2009, we exceeded our shareholder’s expectations in terms of new customers and revenue growth, while finding ways to operate more efficiently in a tough economic environment,” said Greg Pierson, chief executive of the firm. “Our results speak to the momentum gained from increased awareness of device reputation as a best practice in fighting online fraud.”
In addition to revenue growth, the Iovation customer base grew in near triple digits, gaining new customers in all of its key markets, adding to its well-established leadership in online gaming and online communities.
The company's device-based fraud database, has expanded, with the number of incidents of fraud shared by customers increasing by 105 percent since the start of 2009.  Iovation now actively tracks the reputations of over 225 million devices, more than double the number at the outset of 2009

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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