virgin games - Internet Marketing News and Blogs

Virgin has closed Virgin Bets, its sports betting service, less than a year after it launched.

In a notice, Virgin says the site will be shut down for the short term and ultimately replaced by a "new and improved betting product".

German start-up Game Domain International (GDI), which has created a virtual world for on-demand game downloads, is reportedly set for a dual listing in Frankfurt and London.

Due in early 2008, the IPO would value the Virgin-backed company at some €1bn (£670m), even though it won't launch commercially until later this year.

If you're anything like me you probably think this valuation is crazy. And it is.

Virgin chairman Richard Branson yesterday announced plans for an iTunes style service for downloading PC games, to be introduced later this year.

The service, which will be called A World of My Own (AWOMO), is a joint project between Virgin Games and Game Domain International.