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Online Gambling Guide by Jerry Whittaker…
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Latest News on Gambling

by Jerry "Jet" Whittaker

February 19, 2006

Gambling is a game of money which slightly depends on experience and skill.Gambing is very frequently played in America. There are some latest gambling world news.

Global Interactive Signs with Ladbrokes

Under the press release of WEST PATERSON, New Jersey: Interactive Systems Worldwide Inc. Announced today that its wholly owned subsidiary, Global Interactive Gaming Limited ("GIG") had signed an agreement with Ladbrokes eGaming Ltd. ("Ladbrokes"). Ladbrokes eGaming is a part of Ladbrokes plc, that GIG will provide software and services to allow Ladbrokes to offer integrated play-by-play betting throughout the course of a sporting event. The betting markets will be offered initially on the Internet, with deployment across mobile phone and interactive television being evaluated. This is a non-exclusive agreement, which will provide GIG with a share of the wagering revenue. The markets will be offered in multiple languages, and wagers will be accepted in multiple currencies. GIG utilizes the SportXction(R) System, developed by ISWI, to manage primarily short-term, play-by-play oriented, betting opportunities ("propositions" or "markets") during a live sporting event.

Fortuna Gaming to De-list Stock:

Under the press release of LONDON: Fortuna Gaming Corp. (OTC Bulletin Board: FGAM.OB) (the "Company") announced today that it is taking immediate steps, including legal action if necessary, to de-list its common stock from trading on the Berlin-Bremen Stock Exchange ("BBSE"),  After knowing that it is one of numerous U.S. based publicly traded companies whose stock has been listed on the BBSE without its prior knowledge, consent or authorization. Due to the timing of the unauthorized listing of Company's common shares on the BBSE, the Company became suspicious that "naked short selling" may be taking place in its stock as evidenced in a drop in share price over the recent months. On Oct 29, 2003, the SEC implemented a rule to ban "naked shorting" in order to protect thinly traded stocks that are vulnerable to aggressive short- selling which would cause the stock price to fall. Short selling is a trading practice whereby investors borrow stock from a broker to sell with the hope that the stock price will decline before they have to return the shares back to cover their position. However, naked shorting involves groups of people working together to manipulate the market by selling fictitious shares of stock in an effort to force a company's share price to go down.

By listing a company's common stock on the BBSE without the consent of the company, market manipulators seek to benefit from an "arbitrage" loophole. In what is believed to be the unregulated nature of the BBSE, none of the present regulations are designed to close this loophole.

 

 

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