Month: December 2021

Burswood bets on more casinos in WA

 

 

Burswood Ltd is pushing for a series of regional casinos to be set up in Western Australia in a contentious move that will test the State Government’s resolve to avoid using gambling revenues to prop up the Budget.

 

Burswood’s managing director, Mr John Schaap, has revealed during private broker presentations that operating casinos in regional areas such as Broome, Kalgoorlie and in the State’s south-west form part of his agenda. He told brokers he had raised the issue of regional casinos during recent discussions with WA’s Racing and Gaming Minister, Mr Nick Griffiths.

 

Apart from regional casinos, other issues raised by Mr Schaap during his meeting with Mr Griffiths included online gambling initiatives, reduced tax rates on Burswood’s international commission business, an extension to the company’s exclusive gambling licence in WA and the use of poker machines.

 

Burswood, which is backed by Mr Kerry Packer, also wants government approval to scrap its 10 per cent shareholding cap, which would put the Perth casino operator in play.

 

Burswood’s regional casino plans pose a second sensitive gambling issue for Dr Geoff Gallop’s Labor Government in WA – the only State in which poker machines are outlawed.

 

While Mr Griffiths has ruled out allowing hotels and licensed clubs to have poker machines, he has left the door open for their introduction at Burswood’s Perth casino.

 

In his presentation to brokers, Mr Schaap said he was “quietly confident” the Government would see commercial merit in Burswood’s push for  Pengeluaran SGP poker machines, though he cautioned against expectations of an immediate decision.

 

While no doubt mindful of the social and political consequences of legislating for an expansion in gambling activities, the Government is also under pressure to find new revenue streams to deliver its promise of …

ISWI’s SportXction(TM) Software Provides Basis For Agreement Between Ligaz888 GIG And Telewest Communications To Launch First Fully Interactive Betting Service On Digital TV

 

 

 

Interactive Systems Worldwide, Inc. (NASDAQ:ISWI), based in West Paterson, NJ, developed and patented a software platform which enables users to wager play-by-play while watching a live sporting event. ISW and its partner Global Interactive Systems, Ltd. have issued two releases today outlining agreements that have been made (TeleWest Communications and ITV Digital) with two of the largest digital TV providers in the UK.

 

WEST PATERSON, N.J.–Sept. 10, 2001–Interactive Systems Worldwide, Inc. (NASDAQ SmallCap:ISWI – news) announced today that its exclusive licensee and financial partner, Global Interactive Gaming, Ltd. (GIG), signed a landmark agreement with Telewest Communications, one of the leading broadband communications and media groups in the UK, to provide them with the world’s first, fully interactive, play by play betting system, for use in conjunction with their digital TV service. Telewest provides cable television and Internet access to approximately 1.7 million households (approximately 4 million customers). This agreement between GIG and TeleWest Communications will provide its subscribers with a betting service that uses as its basis ISWI’s patented SportXction(TM) gaming system.

 

In this agreement to jointly develop and adapt GIG’s interactive gaming product, whose core technology is licensed from ISWI, the two companies will be ready to roll out a test service in Fall of 2001, with a full launch to Telewest digital cable TV customers early in 2002. The licensing agreements signed in March 2000 between ISWI and GIG provides ISWI with license fees representing a share of all revenue from all systems utilizing its technology. (For more information see “About ISWI – GIG License Agreements”, below.)

 

Barry Mindes, Chairman & CEO of Interactive Systems Worldwide, Inc. stated: “This first agreement between GIG and a major digital TV provider is a significant milestone for both ISWI and GIG and validates GIG’s gaming …