2007 May 23 Gambling News, Events and Happenings - Page 2

Hungarian politicians are scheduled to debate the management of the country’s state-owned lottery Szerencsejáték this week following the introduction of a Hungarian parliamentary bill that seeks to regulate the management of state assets. The bill proposes that Szerencsejáték, which has enjoyed a 70 percent increase in revenues over the past two years, will be taken into a merged National Asset Manager company formed with stake holders from three government bodies.

Virgin Bets, a new betting service from the Virgin Games stable will be at the centre of a marketing push, probably in the autumn, and supporting the action will be the experience of major online betting group Betfair.

The President and CEO of Churchill Downs racetrack in Kentucky has hinted at wider ambitions for online betting activities through the company’s Internet betting network.

The World Trade Organisation dispute over online gambling with Antigua moved centre stage again in Geneva, Switzerland Tuesday as the Antigua and Barbuda delegate criticised the USA and asked other countries to join it in seeking compensation from Washington for its failure to comply with global trade rules.