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RGA Refutes State Monopoly Claims
The Remote Gaming Association has been quick to discount claims made late last week by the European State Lotteries & Toto Association (ESLTA), that state gaming monopolies are necessary to prevent corruption in sport.
The ESLTA stated that 'uncontrolled expansion' of online sports betting is at least partly responsible for recent attempts to influence the outcome of sporting events, but Clive Hawkswood, Chief Executive Officer for the trade organisation, responded by saying that these allegations were being used to prop up a failing case for European monopolies.
ESLTA's comments were released following news that the Union Of European Football Associations (UEFA) is investigating up to 26 incidents of betting related corruption
CryptoLogic Invests In Asia
Dublin based online casino games developer, CryptoLogic, acquired a substantial stake in Mikoishi Studios, an Asian game development and design company, with strong capabilities in the mobile gaming market.
The deal is thought to be worth $6,100,000 and will create a Singapore based strategic partnership that will accelerate the pace of CryptoLogic's penetration of the Asia Pacific marketplace.
CryptoLogic stated that it expects revenue from the transaction to be accretive to its earnings next year, as Mikoishi both develops games and allows access to a technology platform where games can be ported to wireless devices.Canadian Online Gambling Has Narrow Escape
In Canada, an alert Liberal politician, flagged a dangerous clause in a government housekeeping bill last week that could have made online gambling illegal in the nation.
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