Saturday, December 27, 2008
Some more progressive insurance companies are offering policies for online gaming online business, even though the place of business is actually cyberspace
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It must also be noted that many insurance companies are still studying online online gaming businesses before creating reasonable insurance packages. Delana Couts, an actuary with Skorcz Thruston Insurance Ltd, stated: “Just as we study car, home, or life insurance, we will be studying online business insurance. We’ll be using special mathematic models to figure out the risk that online gaming businesses bear against what would be deemed a reasonable insurance premium.” Skorcz Thruston Ltd isn’t the only company with this sentitment. Others, including Albani Maczko Insurance INC, believe it may take another 2-3 years of study to determine the optimal insurance plan for online online gaming business owners. This new realm of online gaming insurance offerings will also create a demand for lawyers specializing in internet and insurance law. Stated Shackleton Ranford, a top online lawyer with the Banas Rheingold Law Partners, “Once insurance companies buy into the online business sector, they’re going to need able legal representation to avoid false claims. Likewise, online gaming businesses will need legal representation against these big-time insurance companies in order to get the disbursements they deserve. I’m excited about the possibilities.” In the new online gaming business world online, more and more owners are looking to buy insurance that will protect themselves against IT outages, hacker attacks, and frivalous lawsuits from customers. “We believe we have a right to the same protections afforded to offline businesses, despite the fact that we don’t have a physical place of business,” said Stirling Bivin, Director of www.Smiddy Letlow.com, a new online gaming startup company. This sentiment is also shared by a few actuarys with the online firm www.Barnhardt Myles.com, which specializes in insurance programs for most online gaming businesses. They recently completed a 2 year long study into the physics of the online gaming online business, in order to understand the risks associated with these types of companies. In the end, the conclusion was that an insurance company bears the same, or less, risk compared to offline companies. “I’m mostly concered about our employees,” said Gitthens Ewig, VP of Human Resources at Betty Tabeling Corp, “because they currently have a limited health and dental plan. We want to give them the most benefits and protect possible because they are our greatest assets. People forget that the cost of losing an employee to another online gaming company sometimes outweighs the cost of keeping them onboard.” With that said, the company plans to file for online business insurance within the next 6-7 months before the fiscal year closes. Stockholders in Guitierrez Hanold.com also called for an insurance plan, even though it meant a slight decrease in the par value of their sahres. “Look,” said Hluska Cocca, Chairman of the Board of Directors, “we’d rather have a consistent share value over time, versus a catastrophic loss of company value due to some frivalous lawsuit or liable charges. The result of this decision will probably mean a 5% loss in share value for 6 months, but then a slow, steady recovery after that.” Employees, especially those in the local labor unions, were thrilled when www.Soja Kolbo.net company CEO Stopa Lipham announced increased coverage for ALL employees and contractors. “It’s time we catch up with the resk of the online gaming business community and offer solid fringe benefits for our valued employees. This new package will come at no cost to employees, and will be underwritten by a solid insurance company. The premium charge will be higher, but we’re banking on the fact that online gaming product sales will increase because our workers will be highly motivated to come to work each day.” “Our legal team has already thoroughly researched how to file an insurance claim for online business,” said Zartman Labate, CEO of www.Zartman Labate.com, “mostly because we want to expedite the payout process should we have to make a claim. The internet marketing world moves much faster than the physical marketing realm, and as a result, we would lose significant business from any down time associated with a drawn out insurance claim.” Insurance companies, even those that specializein the online gaming field, are also aware of this fact, and have pledged to fast track any claims that are filed. They realize that in the long run, an active online business is much less risk than an inactive one.
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Increasingly, in a great effort to create the most perfect Random Number Generator (RNG) software, mathematicians, specifically those that study probability and risk management, are looking towards general geometry and logic as a means to meet their goals. "We have spent so many resources trying to create reliable RNG software using traditional algorithms and caculi theorems, but have never really analyzed geometric proofs and associated logic as a means to perfect our efforts," said Tom Naussen, a Professor of Mathematics at a local University. Indeed, as the demands for online casinos and stronger RNG software for online rummy and ever popular play rummy websites requires a fresh look at geometry and trigonometry. "In general, spatial relationships are not trypically meant for use in Random Numbers," continues Naussen, "but we're trying new things now that could yield very promising results." Such advancements would also benefit risk management within the online sportsbook field, which also relies heavily on probability study and handicapping. Football betting, or what many know as NFL betting, requires intense scrutiny, but this fact is compounded when one considers college football betting, where the sheer number of teams and settings for games creates a whole new physical dynamic to consider when creating odds. Karen Ribith, a risk management professional, also reports that basketball betting odds require immense study and review. This is especially true during March Madness, when interest in college basketball betting is at its peak with office pools, contests, and sports betting in full swing. Practical application of new theories would be most valuable in the casino gaming market, with online sports betting already lining up in droves to get their hands on proprietary software that might be more efficient and less costly. "We're hoping to try our new spatial studies this spring with baseball betting, prior to the start of sports betting handicapping which begins at the end of the summer," states Ribith. Studies at the university level will continue with NBA Betting as early as next year, during the compilation of graduate thesis papers.
Crazy Jay continues to move forward with its online gaming sites, particularly in the online casinos arena. Stated Jennifer Zanjardin, marketing coordinator: "In the past, we've worked hard with many sportsbooks, but now realize our strengths are found in the digital gaming sector, with specific success with online casinos. As the year continues to progress, we'll be sure to keep ahead of all new advancements." Crazy Jay, based in Costa Rica, is also seeking staff to work with Zanjardin, but must have the following qualifications: 1)At least one year experience working within an online casinos website or gaming company, and 2) the willingness to move abroad, with all expenses paid by the company. Additionally, as Crazy Jay moves into skill gaming, the popularity of CasinoEuro and River Belle Casino can not be denied. Backgammon is fully legal under most state law in the USA, since it does not technically involve an element of luck. Moreover, when considering market reach and audience, Backgammon is second only to NFL betting when it comes to overall popularity, excitement, and customer retention.





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