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Master catergory inherit only (391)

Wednesday, 08 July 2015 06:21 Written by

Tonybet Poker granted license to offer OFC Poker in Denmark 

The world’s biggest online Open Face Chinese (OFC) poker room - Tonybet Poker, acquired a Danish license to operate in the Scandinavian country.
As per media reports the company has been legally permitted to grant access to players from Denmark to their services, thereby becoming the first online poker room to provide OFC Poker in the country.
Tonybet Poker’s Sune Hansen, said: 
“It wasn’t an easy process, but we’re proud to be finally able to announce the good news—online open face Chinese poker is now available in Denmark. We’re already looking for venues to host the first big live OFC poker event in Denmark. Launching our online OFC poker site in Denmark is only the beginning. Today is a big day for us as well as the Danish poker community.”
As per the Danish Gambling Authority, the country generated online gambling revenues worth $1.1 billion or DKK 7.75 billion last year. These numbers indicate that online gambling in Denmark is thriving.
The authorities have so far handed out license to 13 online poker operators. Major poker room currently offering online poker services to Danish players include Full Tilt Poker, PokerStars, partypoker, Unibet, PKR, and Betfair.
Tonybet has now entered this booming market at the opportune moment and the company surely stands to benefit from this latest development.
Sunday, 05 July 2015 09:08 Written by

Romanian authorities issue three online gambling licenses within one week

The Romanian National Office of Gambling published the first list of three operators that were granted temporary right to offer online gambling services in Romania.
As per industry reports, three major companies agreed to pay the back-tack in in a bid to acquire their license.
StanleyBet, one of the licensees, is a well-established brand in Romania thanks to their high volume of betting shops spread all over the country. The company is owned by S.C. Right Betting S.R.L. and is registered in Bucharest, Romania.
NetBet was another company that managed to secure the license. NetBet is operated by Cosmo Gaming Company LTD and is registered in Malta. The company also licensed the first online casino in Romania. NetBet, by virtue of acquiring temporary license, will offer online sports book and casino in Romania.
The third operator on that list is WinMasters, a company has been operating in the Romanian market for quite a while. WM Interactive Limited, registered in Malta, operates this company. Despite being listed 2nd by the National Office for Gambling, WinMasters’ marketing heads have opted to market the brand as the first licensed operator in Romania. WinMasters will offer online sports betting, casino and poker in the country.
First license was in fact issued to NetBet. The Romanian Nation Office of Gambling has also produced a list of blacklisted operators. In the coming months, this list is expected to expand.
Big brands like Bet365, William Hill, Bwin, Betfair or Casino.com did not find a mention on the list of banned operators, which have led to speculation of possible backroom talks between the parties involved with the authorities.
The complete list of blacklisted operators in Romania is as follows:
Friday, 03 July 2015 06:31 Written by

Ritz Club Casino sue self-excluded billionaire for $2m losses

Safa Abdulla Al-Geabury, who signed a self-exclusion order in 2009, lost £2 million at the Ritz Club in London.

The incident took place on February 19th 2014 and the billionaire managed to lose that amount in just less than two hours playing roulette.

However now London Clubs International owned casino has taken Safa to High Court as check he signed that night was returned unpaid.

The casino now intends to reclaim the outstanding balance, plus an extra £200,000 in interest by taking the gambling act to court.

But Safa Abdulla Al-Geabury argues Mayfair’s Ritz Club that the blame lies with the casino as he only allowed to access to his gambling funds after the casino gave him match tickets for Arsenal vs Bayern Munich at the Emirates stadium in London, proceeding to give him a £5 million gambling credit line straight after.

Safa Abdulla Al-Geabury said:

“[A casino representative] asked why I was not coming to the Ritz Club. He then suggested I should go to the Ritz Club and said my style of play was very attractive. I told [the man] I was a problem gambler and that I had limited my access to my own money for that reason. He said access to money was not a problem and I would be provided with credit of up to £5million, which I could pay back when I liked.”

The 52-year-old’s counsel Kevin Pettican argued that The Ritz Club was in breach of its own gaming license terms by virtue of giving credit to the self-excluded problem gambler.

He also went to state it the casino bore responsibility in exerting “undue influence and unconscionable transaction”.

In addition, a counter claim for £5.4million was filed against the Ritz Club, depicting the amount of cash Safa lost gambling at the casino between October 2010 and February 2014.

As part of procedure, the honorable court has directed psychiatrists to evaluate the degree of the Swiss national’s gambling addiction, and whether it was notable enough for the casino employees.

Thursday, 25 June 2015 16:35 Written by

Sheldon Adelson backed anti-online gambling bill reaches US Senate

Sheldon Adelson anti-online gambling
Senator Lindsey Grahams bill re-imposing a ban on all forms of online gambling in USA has reached the Senate. 
In other words, the Senator’s bill would effectively mean online gambling within the US would be illegal.
In 2011, Department of Justice (DoJ) ruled that online gambling, barring sports betting, was legal. Following the ruling, Nevada followed by Delaware and New Jersey legalized online gambling within their states.
Other states contemplating to do the same includes Pennsylvania and California.
This latest bill would wipe the slate clean, as it states that all online gambling should be banned and deemed illegal.
Since there is no grandfather clause (permitting already functional operators to continue), those running online poker rooms in the aforementioned states would be hit the hardest.
Graham has already announced his plans to run for Republican Party’s presidency nomination. Las Vegas Sands boss and billionaire Sheldon Adelson, another anti-online gambling crusader, is his strong backer. In order to protect his business interests, the Adelson has invested millions of his own money to support Graham’s bill.
As per media reports from within the industry, the real winners after this latest development would be political lobbyists earning in millions by working for the anti and pro Adelson camps. 
Now the bill will have to go to select committees, following which there will be a vote for or against it. However, the fact it has reached the Senate has got the pro-online gambling faction worried.
Adelson clout, backed by his million, could now come into play by pushing this bill faster than usual.
Wednesday, 24 June 2015 12:08 Written by

Chinese company acquires World Poker Tour for $35 million 

Bwin.party announced this week their decision to sell World Poker Tour (their poker events business), to Ourgame Holdings.
The Chinese social gaming company has reportedly bought the WPT brand for sum of $35 million. 
Interestingly, Bwin.party is currently in the midst of a $1.5 billion takeover bid by either 888 Holdings, or a collaboration with Amaya Gaming and GVC Holdings, the talks for which are ongoing.
According to a Bwin.party their sale of WPT will not affect their acquisition talks with companies that intend to/are bidding.
An except of their statement read: 
“The sale is wholly consistent with the group’s increased focus on our real money gaming and technology business.” 
Every year, WPT conducts 70 tournaments across the globe. The brand generated around €10.4 million in revenues last year and made losses of $4.1 million. 
This acquisition by Ourgame is a great deal on paper for the Chinese company considering the brand value and reach of the WPT.
As of now Ourgame specializes in offering online card-based games in China. Hence this new deal would help the Ourgame brand gain global attention.
Currently, Ourgame has 30 million active users each month. The company generated revenues worth $76.7 million in 2014, which gave it a market valuation of $700 million. 
Speaking about this deal, Global Poker Index CEO Alexandre Dreyfus, said: 
“They can invest into World Poker Tour and develop a strong [social gaming] offer. While we are waiting online poker, as we know it, to be regulated in U.S., something is getting ready in Asia. That’s where the next poker wave could come from.” 
Now it remains to be seen how Ourgame brand leverages the WPT. Only time will tell if this acquisition, which looks great on paper, can help the Chinese company to attain the expected market share.
Monday, 15 June 2015 19:07 Written by

Jim Evans appointed new chairman of California Gambling Control Commission

Jim Evans was appointed as the new chairman of the California Gambling Control Commission regulatory body last week.
Evans will take the place of Richard Lopes who retired in May due to allegations of impropriety. 
It was alleged that a former top cop gained access to highly confidential investigative information by making improper contact with Lopes.
Evan will now head the five-member commission, as he takes up the new role that deals with licensing and regulating California’s gambling industry.
A rough estimate of the state’s gambling industry is valued around $10 billion (€8.9 billion).
Evans previously served as chief deputy press secretary in the office of State Governor Edmund Brown. He had been working in that position since 2013.
Prior to that, Evans was spokesman for the state’s Business, Transportation and Housing Agency. He has also worked as a consultant in the office of California State Senator Mark DeSaulnier.
In his latest assignment, Jim Evans will be paid just under $139,000 per year.
Friday, 12 June 2015 09:44 Written by

PokerStars handed sports betting, slots license in Spain

Online poker giant PokerStars were granted a provisional license needed to offer online sports betting and slots games to players in Spain.
Amaya-owned online gaming brand already held license for offering online poker and casino table games in the country.
 Now that the Spanish regulator Dirección General de Ordenación del Juego (DGOJ) has granted them the new license, the company can further expand their services to Spanish players.
The overall offering has been increased by PokerStars in order to include sports betting. This comes after they launched a similar service in the United Kingdom.
PokerStars will now be able to begin offering similar services to players in Spain in the near future.
President of Southern European operations for PokerStars, Gino Appiotti said: 
“We’re very pleased to receive provisional licenses to expand our games offering on PokerStars in Spain. Our operation of online poker, live poker and now online casino shows that players trust us to deliver a variety of games in a fun and exciting way. We look forward to building on this by launching games under these new licenses.”
PokerStars is not the only company to have been awarded the new provisional license in Spain. Other brands having acquired a similar license to open up its online gaming market to new services include Eurobet, Novomatic, Net Entertainment and Betclic.
Sunday, 31 May 2015 10:04 Written by

Nevada poker rooms generate $8.5 million in April, fall of 3.16%

 Nevada poker rooms raked in $8,511,000 in April, as per the latest numbers released by the state’s gaming regulators. 
In order to collate and release the data for monthly gambling activity, the authorities need about a month of time.
Nevada data accounted for 70 poker rooms with about 652 tables during the month, which was the lowest since March 2005.
There was a drop in poker revenues in comparison to the same month in 2014. Last April, 719 tables helped bring in revenues worth $8,789,000 in Nevada. 
However in April 2014, there was an improvement of 2.63 % compared to April 2013, which was the last time the state witnessed year-over-year increase for poker.
$9.7 million was collected by Nevada poker rooms in March of this year.
Overall gaming win for Nevada casinos was $897,925,000 in April.
During the World Series of Poker, with players from across the globe in Las Vegas, there is an annual increase in the revenue numbers. The 2015 WSOP is scheduled to go on until mid-July.
June 2014, with WSOP action, poker revenue of $15,163,000 with 806 poker tables was generated by the state. Also the highest revenue-per-table numbers were recoded during that time.
Online poker began in Nevada in 2013, with digital games revenue factored in. The state has no segregation between live and online poker revenues since there are just 2 operators. The WSOP site is the market leader.
Initially Nevada released poker revenue data with three sites, on of which shut shop last year.
Tuesday, 26 May 2015 11:36 Written by

World Poker Tour to bring the curtain down on WPT.com

World Poker Tour has announced the closing of doors on their online poker portal WPTPoker.com from June 6.
The company sent out mailers to affiliates informing them of the site’s closure and the fact there will be three-month grace period in which all players must make their withdrawals.
All necessary guidelines will be adhered to and the closing will witness withdrawal of certain tournaments as well as cash games.
Not just cash, but player points will be refunded. However, there would be no cash value given to players for their tournament tickets.
In addition, if a player had secured a seat to any live event through WPT Poker, the invitation will stand and the player can participate in the event.
If one does not request a withdrawal within the 3-moth grace period, he/she will then have to get the funds by means of a manual payout directly via WPT Poker. This does not apply to loyalty or player points.
WPT statement on its impending closure read:
“Unfortunately, the business has decided that WPT Poker should close.” 
However, the exact reason behind the shutting down of the WPT online poker website is yet to be known. 
Wednesday, 13 May 2015 10:14 Written by

Spielbank Berlin Casino to host 2015 WSOPE from October 8th to 24th

The Spielbank Berlin Casino will host the 2015 World Series of Poker Europe from October 8th to 24th.
Players will compete in this high-profile event for 10 bracelets. Interestingly, the WSOPW also has the cheapest ever bracelets up for grabs in European poker history, namely the €550 Oktoberfest No-Limit Hold’em, and the €550 Pot Limit Omaha.
Mid-range and high buy-in events like €10,450 WSOPE Main Event, and the €25,600 High Roller No-Limit Hold’em are bound to be the star attractions at the tournament.
Berlin is expected to woo some of the best talent in the world for the WSOPE. Also, Germany has thrown up some of the most exciting poker talent of late with 2011 WSOP Main Event winner Pius Heinz, 2014 Player of the Year George Danzer and the likes of Ole Schemion, Philipp Gruissem, Dominik Nitsche, Marvin Rettenmaier, Martin Finger, Fabian Quoss, and Benny Spindler. 
Speaking about this latest event, WSOP Executive Director Ty Stewart said:
“Berlin became a logical choice city for WSOP Europe given its proximity to all of Europe, the experienced management team at Spielbank, and the gap of time since a major poker tournament has come to the city. We believe this truly will be the best organized and contested WSOP Europe ever.”
Traditionally, turn out for the main event has been 360 players on an average. However, there was upswing in player numbers in both 2011 (593) and 2012 (420) when the series shifted from London to Cannes. 
Just like Cannes, Berlin is a prime destination for tourists in EU and last years a record 28 million people visited the city, with majority of those coming from Great Britain, Italy, USA, Holland and Denmark.
Casino Director of Operations, Marcel Langner said:
“It`s a great honor to host this event. We are sure all visitors will have a great time in Berlin. We will offer cash game and tournament play, as well as the Oktoberfest special to welcome our guests from all over the world. Welcome to Spielbank Berlin.”
The Spielbank Berlin Casino is widely regarded as one of Germany’s best casinos. Hence it would a fitting destination to host the country’s first ever WSOP Europe.
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