Announce Problem Gambling Campus Initiative
December 15th, 2007
Oregon officials have announced a brand new coordinated effort to stop problem gambling on college campuses across the state. The aim of the initiative is to work with the colleges to combat real money online gambling, sports betting, and other gambling.
The program to tackle real money online gambling and other gambling problems among college students will be financed with proceeds from the state lottery. The program will seek to work with student dorm advisors, student mental health service center personnel, and faculty members to help cut down on problem real money online gambling and other gambling problems.
Jeff Marotta, who heads the problem gambling center at the Oregon Department of Human Services, said that the new organization is not asking colleges to ban real money online gambling or any other form of gambling in its entirety; it merely seeks to increase awareness about the potential pitfalls.
“About one college student in 20 has a gambling problem but it’s an issue that’s very much under the radar…Most colleges seem to view [real money online gambling and other gambling] as a harmless extracurricular activity, yet we know that for a certain percentage of student gamblers it can lead to serious problems,” he said.
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PlayTech to Be Traded on London Stock Exchange
December 14th, 2007
Playtech, a company which develops internet casino gambling online software, has just announced plans to raise 175 million pounds in a stock market flotation on the London Exchange. This would bring the total value of the internet casino gambling online software developer to upwards of 550 million pounds.
The internet casino gambling online software developer was founded in 1999, and employs more than 250 employees around the world. The company is based in Cyprus, although most employees operate out of the Eastern European republic of Estonia.
Since the company was founded, its worth has grown exponentially. Only three years ago in 2003, software developer was valued at a comparatively paltry $19 million.
The internet casino gambling online software developer is majority owned by Israeli businessman and entrepreneur Teddy Sagi. According to the Financial Times, Sagi holds more than half of Playtech’s stock. He plans to sell $120 million worth, but will be left with $380 million.
Playtech follows in the footsteps of a number internet casino gambling online industry companies in going public.
The British investment firm Collins Stewart was hired by Playtech in October to make arrangements for a sale or public offering of the company.
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