EB Nordic filed a lawsuit against Redbet in 2007 after the betting exchange operator pulled out of the deal to buy the online casino provider claiming that some of the financial data provided was incorrect.

According to the broker, Ladbrokes is trading at an unjustified 40 per cent premium to rival William Hill.

Revenues for the quarter were up 338% to $241,000 from $55,000 in the same period last year. The increased revenue was directly associated with the use of the company's SportXction system by Sportingbet and Ladbrokes as well as with the development of additional features to satisfy the requirements of the Ontario Lottery and Gaming Corporation.

The compliance team of the Advertising Standards Authority monitored 784 advertisements across the UK, including 312 press and magazine ads, 344 internet banner or pop-up ads, 56 TV ads, 31 radio ads, 28 direct mailings, 8 circulars and 5 outdoor ads, and found that only seven of them breached ASA's code.

Shadowserver.org reported that more than 30 gambling sites were recently down due to Distributed Denial of Service attacks caused by a botnet of hacker-compromised computers in the United States and Russia. Casino City confirmed that Full Tilt Poker, Titan Poker, Virgin Games and Party Poker were among the gambling sites attacked.

FIFA through its Early Warning System and UEFA in collaboration with the European Sports Security Association and the European Lotteries will continue to monitor betting markets for anomalies and suspicious betting patterns, the soccer governing bodies said in separate statements.

Ralph Topping has been named as the new Chief Executive of William Hill with immediate effect. "Our industry is facing significant change and new challenges, not least the challenges that come from new regulation. There are also major opportunities for William Hill as we rapidly develop our online businesses and continue to build on the success of our UK operations," Topping said.

The Australian bookmaker increased its wagering turnover to $406 million, a 5.7% gain, with a win rate of 5.6% and a profit after tax of $5.9m for the periofd under review.

Capitol Weekly reports that state Assemblyman Lloyd Levine introduced a bill to find a loophole in the US online gambling ban and bring online poker back to California.

The leading European sportsbook and gaming operator announced its Q4 and year end results. Gross winnings revenue for the fourth quarter were £24.5m and for the year £81.4m, with profits from operations of £3.7m and £21.4m respectively. At the end of the year, following the acquisition of Maria holdings, the company had almost 310,000 active customers.

Gerry Sutcliffe said the 47th horserace betting levy scheme will be the same as last year, with bookmakers expected to pay back to the racing industry as much as £100 million.

Racing Victoria hired two independent companies to investigate into the bets placed by former RVL CEO Stephen Allanson under a nom de plume.

Giorgio Galimberti has been banned by the ATP for 100 days and fined $35,000 for betting on tennis. He is the fourth Italian player banned for betting in the past year. Alessio Di Mauro, Potito Starace and Daniele Bracciali all received similar fines and bans from playing.

According to The Times, the Bahamas based billionaire has increased his stake in the UK's largest bookmaker to 7%.

Reuters revealed today that the UK Government is ready to unveil the terms for the new levy establishing the parameters for the financing of horse racing in the near future.

The financial company upgraded William Hill to outperform from underperform, reducing its target price to 500p, and Ladbrokes to neutral from underperform with a new target price of 350p, while downgrading Blue Square parent Rank Group to underperform, while lowering its target price to 100p.

Betinternet.com parent company Webis Holdings increased its group turnover for the six months ended 25 November 2007 by 22% to £53.0m, with a profit at EBITDA level of £43k (2006: £182k) and a further reduction in overheads to £1.23m (2006: £1.28m).

The UK's largest betting exchange and the Swedish online gaming company have signed a multi-year agreement enabling Jadestone to develop new game products for Betfair.

The investigation into Stephen Allanson's betting under a false name took a new turn today as the Herald Sun revealed the former chief executive of RVL was first questioned by betting services manager Anthony O'Connell in November 2007.

"We have negotiated a deal with the directors of B&G International plc that will protect the interests of all its betandgame.com members, ensuring that their deposits and outstanding bets are totally safeguarded, with membership transferring to JAXX.com," said Mark Irvine, Managing Director of JAXX UK.