Mohawks Consider Share Offering - Friday 12th of May 2006

CANADA – As reported by the Montreal Gazette: "The Mohawks of Kahnawake are considering participating in a London share offering that would raise money for an international network of computer centres to serve the online gambling industry and other e-businesses.

"The Kahnawake economic development commission expects to finalize an agreement as early as this week to take a 40-per-cent stake in an Isle of Man company looking to issue shares on the London Stock Exchange's junior AIM market, said John (Bud) Morris, chief executive officer of the development commission.

"The commission owns Mohawk Internet Technologies, whose computer servers have made Kahnawake one of the world's most popular jurisdictions for hosting online gambling sites. MIT, home to scores of casino, poker and bingo sites, is negotiating a contract that would see the Isle of Man company - Continent 8 Technologies PLC - offer its servers to international customers as part of a larger 'grid' of data centres.

"…Grand chief Michael Delisle said the Kahnawake council supports the IPO as an important economic development opportunity for the community.

"…Investors in London have been showing a big appetite for online gambling stocks, encouraging a raft of companies involved in the $12-billion global Internet gaming business to bring new issues to market…"

Other news from around the same time

Massachusetts Lottery Licenses Suspended - Friday 12th of May 2006

MASSACHUSETTS – As reported by the Republican: "A top official with the state Lottery Commission ....


Rosemont Ditches Casino Idea - Friday 12th of May 2006

ILLINOIS – As reported by the Chicago Tribune: "Putting aside hopes of hosting a casino to lure C....


Playboy Online Casino Chooses CryptoLogic - Friday 12th of May 2006

TORONTO, Ontario CryptoLogic Inc. (TSX:CRY)(NASDAQ: CRYP)(LSE:CRP), a leading software develope....


Mobile Gaming Contract With Vodafone UK - Friday 12th of May 2006

Gaming Corporation Plc (LSE: GMC.LN), the leading gaming portal operator and owner of both Gambli....


e-Lottery Offers International Lotteries - Friday 12th of May 2006

UK – Consumers will learn how they can play these lotteries for free, playing from anywhere in ....


Betfair Official Says U.S. Racing Could Make Millions - Friday 12th of May 2006

UK As reported by Bloodhorse: "Betfair, the rapidly growing exchange-wagering provider based in Gr....


Gambling Heir Raises Stakes - Friday 12th of May 2006

MACAU – As reported by South China Morning Post: "As a gaming boss, Lawrence Ho Yau-lung invests ....


Megabucks Winner Claims Prize - Friday 12th of May 2006

AUGUSTA, Maine – As reported by the Portland Press Herald: "The holder of an $8.45 million Megabu....


Operator of Floating Casino Sentenced - Friday 12th of May 2006

HOUSTON, Texas As reported by Military.com: "Corpus Christi Day Cruise, Ltd., operator of the gamb....


'Hillbillies' Slot Machine Makes Driver a Millionaire - Friday 12th of May 2006

MURFREESBORO, Tennessee As reported by the Daily News Journal: "Much like Jed Clampett from one of....