Not so long ago, business conquered cyberspace. It is just 10 years since the first online-only gambling service went online. Recently M-Commerce (M-Gambling) has been shaping up alongside E-Commerce (eGaming). With the progressive technological development of mobile devices such as PDAs, Handhelds and Smartphones, M-Commerce seems to have been given another chance. After the internet and mobile hype at the beginning of the century died down and other technologies such as WAP or UMTS unmistakably flopped (perhaps unable to emerge from a niche market) it seems to be time to take a closer look at this market.