Online gaming stocks dive as U.S. holds exec
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The United States detained a second   Internet gaming executive on Thursday, adding to fears it is   cracking down on the lucrative industry and sparking share   price falls that wiped over $1.5 billion off the market value   of the sector.
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The price of shares in on-line gambling website Sportingbet have tumbled 41 percent when trading in the stock was resumed after suspension last week owing to the arrest of the company's chairman.
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But shares fall after the video game publisher cuts outlook for crucial Christmas shopping season. LOS ANGELES  - Electronic Arts Inc.
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SHARES in Sportingbet plunged today as City traders had their first chance to express their alarm at the state of the international online gambling market.   The shares returned to trading after last Thursday's suspension following the arrest in New York of chairman Peter Dicks.
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Online bookmaker Sportingbet said its   chairman faced charges in the United States for providing   "gambling by computer," sparking fears no executive in the   $12-billion-a-year industry was safe from prosecution.
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System latency can mean losses for stock traders and virtual death for online gamers. The developer of the EVE Online game hopes high-performance computing tools can save the day for its players.
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Video game publisher Electronic  Arts Inc  gave an outlook that was below market  expectations on Thursday as it delayed two new titles, sending  its shares down 6 percent in after hours trading.
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Shares in video games maker Eidos fall more than 17% after the creator of the Lara Croft series says it can not guarantee the firm will be bought.
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Gamers stuck in the United States have had little chance of going pro. Until now. By Bruce Gain.
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The video game maker largely met Wall Streetâs forecasts, despite posting a quarterly loss because of reorganization charges and deferred revenue.
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The price of success takes it toll on Grand Theft Auto publisher as share price dips on the Nasdaq; analysts look for what&#39;s due post-GTA.
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Harrah's Entertainment and MGM Mirage emerged as losers Tuesday when the British government announced its initial plans for the deregulation of gaming in the United Kingdom, Wall Street analysts said.
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The European Commission dealt a blow to European online gaming companies on Monday when it accepted a U.S. offer of openings in other sectors as compensation for closing U.S. gambling market to foreign firms.
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Shares in UK online gaming stocks lost  more than half their value on Monday after U.S. Congress  approved a bill to ban Internet gambling, with PartyGaming   plummeting 60 percent in early trade.
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War-on-terror's poker face Shares in online gambling companies like Partygaming are in freefall this morning after the US Congress unexpectedly passed anti-online gambling laws late on Friday.â¦
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As stock markets plunged on Tuesday, some online brokerage companies couldn't keep up with their customers' clicks.
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(InfoWorld) - The practice of manipulating stock options grants to make them more favorable has come back to haunt yet another round of high-tech executives. A former Monster Worldwide Inc. executive is expected to agree to a plea deal in New York Thursday, just a day after the founder of Take-Two Interactive Software Inc. pleaded guilty to a state felony related to backdating. The U.S. Attorney's Office in Manhattan would not comment specifically on a Wall Street Journal report that Monster's former general counsel, Myron Olesnyckyj, will cooperate with its investigation into stock options practices at the company. However, a spokeswoman confirmed that there will be a court proceeding Thursday related to stock options at 12:45 PM ET and the office expects to release more information afterwards. Monster declined to comment beyond releasing the following statement: "The Company terminated this individual some time ago and it is inappropriate to comment on the developments. The Company will continue to cooperate with the government in this ongoing investigation." The U.S. Securities and Exchange Commission (SEC) Wednesday said that it simultaneously filed and settled civil charges against Ryan Brant, the former CEO and chairman of Take-Two, a video and computer game publisher and distributor, which he founded. The SEC alleged that during a seven-year period, Brant enriched himself and others by granting undisclosed, "in the money" stock options to himself and to other Take-Two officers and employees. Brant did not admit or deny the allegations, the SEC said, but agreed to a settlement that bars him from serving as the officer or director of a public company. He also agreed to pay about US$6.3 million, comprised of what the SEC called "ill-gotten gains" of more than $4 million plus $1 million interest, plus a $1 million civil penalty. The settlement must still be approved in court. A Take-Two representative said only that Brant is no longer an employee, and it would not be appropriate to comment on his actions as a private individual. Meanwhile, middleware vendor BEA Systems Inc. Wednesday announced the conclusion of its stock-option review. The review won't cost any high-level executives their job, but will cost a number of them money. Several former and current executives and directors have agreed to repay the company after-tax profits they realized on mispriced options.