The Canberra-based bookmaker, which listed on the Australian Securities Exchange following the completion of a $2 million capital raising program, plans to launch spread betting as part of a number of innovative betting products to develop customer acquisition and retention strategies.

Intel Capital led the investment round into the fraud management company, whose Reputation Manager product has already been adopted by many igaming companies including several online sports books such as Intertops and Sportsbook.com.

While the Chairman of the House Judiciary Committee has scheduled a hearing on Wednesday to discuss internet gambling, the Massachusetts Governor Deval Patrick added to his casino bill a provision to prosecute anyone in the state that places, takes or transmits a bet using the internet or a phone.

During a meeting in Washington, Peter Mandelson asked US lawmakers to bring the country into WTO compliance removing discriminations against foreign betting operators or to compensate the European gambling industry for lost revenues.

The world number 124 has been suspended under the ATP's anti-corruption programme for nine months and fined $60,000 for betting on tennis matches, although there was no evidence that he either bet on his own matches or attempted to affect the outcome of other matches. Di Mauro's coach Fabio Rizzo told an Italian newspaper that Di Mauro foolishly bet on tennis, but never bet on his own matches or even on tournaments he played in.

Parent company FUN Technologies said that during the third quarter of 2007, the live odds and sports content provider experienced the loss of a major information provider and customer as well as increased competition which resulted in declines in revenue and adjusted earnings.

The German online betting company said that despite a 42% growth in third quarter revenues to EUR 16.7 million produced earnings for EUR 1.2 million, start-up costs in Spain and the UK as well as high legal and consultancy costs connected with regulatory developments in the German gambling market, caused a loss for the third quarter 2007 of EUR 1.9 million.

Bwin announced today that following a six months negotiation, the former majority shareholders of Ongame waived a portion of the purchase price agreed at the time of the acquisition in 2005.

The online poker site owned by the former Grand Chief of the Mohakws issued an interim statement on the ongoing investigation conducted by Gaming Associates following the recent scandal involving a former AP's employee.

Swedish newspaper The Local reports that the government asked the state-owned gambling monopoly to devote more time to the ongoing investigation into the existing license before considering an expansion into online poker services and to consider the social effects of gambling before profits.

While the Independent Bookmakers Association asked the UK Sports Minister Gerry Sutcliffe to discuss the Gambling Commission fees for 2008 considered too high, the Financial Times reported that the Advertising Standards Authority told Satellite Information Services, the racing pictures provider part owned by Betfred, Ladbrokes and William Hill, to stop misleading claims about the Turf TV costs compared to SIS.

During the third quarter, the online betting and gaming operator continued to strengthen its position on the Nordic market where net sales increased by 25% compared to Q2, while overall revenues were up by 14% to SEK 177.2 million compared to the previous quarter. Operating profit increased five-fold to SEK 53.7 million, with a more than doubled operating margin of 30.3%.

The new service features full coverage of UK, Irish and premier international horse racing including unique early prices, ante post markets and specials. All horse racing odds compilation and associated trading advisory services will be provided by Spin Services, a newly created wholesale division within Sporting Index.

The two online gaming software developers reported strong financial results for the three months ended September 30, notwithstanding the traditionally slow summer season for internet gambling. CryptoLogic increased its revenue by 7.8% to $17.5 million compared with the second quarter and completed the acquisition of Casino.co.uk. Subsequent to the quarter's end, the company agreed to acquire an initial position in Mikoishi Studios, one of Asia's best-known game developers in the mobile phone market, with an option to increase its stake in the future.

Optimal Payments, formerly FireOne Group, said the US online gambling ban affected its earnings, which were down to $3.2m during the third quarter 2007 compared to $14.2 million in the same period in 2006. The company ceased to process settlement transactions originating from United States customers immediately following the enactment of the UIGE Act on October 2006.

The lottery and betting terminals provider has been awarded the contract to supply an internet wagering platform to be integrated into the New Jersey Account Wagering website 4njbets.com. Scientific Games will also provide a telephone wagering system, including the hardware, software, telecommunications, support and other services necessary to sustain account wagering to New Jersey residents under the supervision of the New Jersey Gaming Authority.

The online horse racing betting company said the seizure by the US Government of $1.5 million held in IRG's bank accounts earlier in October resulted in a default under its $19-million credit facility arranged with Wells Fargo Foothill in the 2006 acquisition of United Tote.

Seller Ladbrokes will receive a total consideration of £51 million, of which £6 million deferred in the two years following completion of the deal. The two companies also agreed for the marketing and distribution of Sportech's football pools products through Ladbrokes' licensed betting offices in the UK.

Speaking to the Off Shore Gaming Association (OSGA.com), Vantis plc, the liquidators named by the Antigua's FSRC to disperse the BetonSports' assets, said they are currently attempting to recover funds held in various international jurisdictions and that they will contact players with outstanding credit balances through e-mail in the coming weeks. "As soon as all of the assets are recovered, and all creditor claims agreed, the final dividend will be paid accordingly," said Vantis.

In the first of three hearings, the online betting exchange explained the seven Justices of the High Court of Australia how the current WA's ban of betting exchanges is anti-constitutional as it represents an unreasonable restriction of trade across state borders. Betfair was criticized by Justice Kirby, who was not too happy with the company's decision to take the case before the High Court in first instance.