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Tuesday, December 27, 2011
Web gambling gets boost from Obama administration - 26th December 2011
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The Obama administration cleared the way for U.S. states to legalize Internet poker and certain other online betting in a switch that may help them reap billions in tax revenue and spur web-based gambling.
A Justice Department opinion dated September and made public on Friday reversed decades of previous policy that included civil and criminal charges against operators of some of the most popular online poker sites.
Until now, the department held that online gambling in all forms was illegal under the Wire Act of 1961, which bars wagers via telecommunications that cross state lines or international borders.
The new interpretation, by the department's Office of Legal Counsel, said the Wire Act applies only to bets on a "sporting event or contest," not to a state's use of the Internet to sell lottery tickets to adults within its borders or abroad.
"The United States Department of Justice has given the online gaming community a big, big present," said I. Nelson Rose, a gaming law expert at Whittier Law School who consults for governments and the industry.
The question at issue was whether proposals by Illinois and New York to use the Internet and out-of-state transaction processors to sell lottery tickets to in-state adults violated the Wire Act.
But the department's conclusion would eliminate "almost every federal anti-gambling law that could apply to gaming that is legal under state laws," Rose wrote on his blog at www.gamblingandthelaw.com
If a state legalized intra-state games such as poker, as Nevada and the District of Columbia have done, "there is simply no federal law that could apply" against their operators, he said.
The department's opinion, written by Assistant Attorney General Virginia Seitz, said the law's legislative history showed that Congress's overriding goal had been to halt wire communications for sports gambling, notably off-track betting on horse races.
Congress also had been concerned about rapid transmission of betting information on baseball, basketball, football and boxing among other sports-related events or contests, she summarized the legislative history as showing.
"The ordinary meaning of the phrase 'sporting event or contest' does not encompass lotteries," Seitz wrote. "Accordingly, we conclude that the proposed lotteries are not within the prohibitions of the Wire Act."
The department expressed no opinion about a provision in the law that lets prosecutors shut down phone lines where interstate or foreign gambling is taking place.
Many of the 50 U.S. states may be interested in creating online lotteries to boost tax revenues and help offset the ripple effect of a federal deficit-reduction push.
The global online gambling industry grew 12 percent last year to as much as $30 billion, according to a survey in March by Global Betting and Gaming Consultancy, based on the Isle of Man, where online gambling is legal.
Federal prosecutors in April charged three of the biggest Internet poker companies with fraud and money-laundering along with violations of another federal law, the Unlawful Internet Gambling Act of 2006.
The government outlined an alleged scheme by owners of the three largest online poker companies - Full Tilt Poker, Absolute Poker and PokerStars - to funnel gambling profits to online shell companies that would appear legitimate to banks processing payments. (Credit: Google News, Reuters)
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The Obama administration cleared the way for U.S. states to legalize Internet poker and certain other online betting in a switch that may help them reap billions in tax revenue and spur web-based gambling.
A Justice Department opinion dated September and made public on Friday reversed decades of previous policy that included civil and criminal charges against operators of some of the most popular online poker sites.
Until now, the department held that online gambling in all forms was illegal under the Wire Act of 1961, which bars wagers via telecommunications that cross state lines or international borders.
The new interpretation, by the department's Office of Legal Counsel, said the Wire Act applies only to bets on a "sporting event or contest," not to a state's use of the Internet to sell lottery tickets to adults within its borders or abroad.
"The United States Department of Justice has given the online gaming community a big, big present," said I. Nelson Rose, a gaming law expert at Whittier Law School who consults for governments and the industry.
The question at issue was whether proposals by Illinois and New York to use the Internet and out-of-state transaction processors to sell lottery tickets to in-state adults violated the Wire Act.
But the department's conclusion would eliminate "almost every federal anti-gambling law that could apply to gaming that is legal under state laws," Rose wrote on his blog at www.gamblingandthelaw.com
If a state legalized intra-state games such as poker, as Nevada and the District of Columbia have done, "there is simply no federal law that could apply" against their operators, he said.
The department's opinion, written by Assistant Attorney General Virginia Seitz, said the law's legislative history showed that Congress's overriding goal had been to halt wire communications for sports gambling, notably off-track betting on horse races.
Congress also had been concerned about rapid transmission of betting information on baseball, basketball, football and boxing among other sports-related events or contests, she summarized the legislative history as showing.
"The ordinary meaning of the phrase 'sporting event or contest' does not encompass lotteries," Seitz wrote. "Accordingly, we conclude that the proposed lotteries are not within the prohibitions of the Wire Act."
The department expressed no opinion about a provision in the law that lets prosecutors shut down phone lines where interstate or foreign gambling is taking place.
Many of the 50 U.S. states may be interested in creating online lotteries to boost tax revenues and help offset the ripple effect of a federal deficit-reduction push.
The global online gambling industry grew 12 percent last year to as much as $30 billion, according to a survey in March by Global Betting and Gaming Consultancy, based on the Isle of Man, where online gambling is legal.
Federal prosecutors in April charged three of the biggest Internet poker companies with fraud and money-laundering along with violations of another federal law, the Unlawful Internet Gambling Act of 2006.
The government outlined an alleged scheme by owners of the three largest online poker companies - Full Tilt Poker, Absolute Poker and PokerStars - to funnel gambling profits to online shell companies that would appear legitimate to banks processing payments. (Credit: Google News, Reuters)
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Monday, December 19, 2011
PKR's Caribbean Stud Poker Jackpot Approaches $150,000 - 13th December 2011
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PKR PKR Poker PKR Casino Caribbean Stud Poker
The progressive jackpot for PKR's Caribbean Stud Poker mini-game has today reached $149,000 and is expected to grow to a record size within the next few days.
The game is available directly through PKR's pioneering 3D room client, and invites poker fans to beat the dealer-s five card Texas Hold-em hand. Players can be eligible for the rapidly rising jackpot by placing a side bet of just $1, with jackpot payouts activated by hitting the highest ranked poker hands.
On 27 November, poker player GVincredible won 10% of the jackpot after hitting a straight flush, turning his $4 stake into $15,838. The Belgian, a regular at PKR's tables since July 2007 with a $1,833 tournament victory to his name, commented “I just couldn-t believe I-d won. I-d already planned to play more poker on PKR in 2012 and to buy a new car, but this makes it much easier!”
PKR's Caribbean Stud Poker mini-game forms part of the award winning operator-s suite of gaming products which includes a revolutionary 3D poker room, innovative 3D casino and sportsbook.
For more information on the Team PKR pro please visit PKR.com
About PKR
PKR.com is a revolutionary new concept in online poker that has changed the way the game is played. Featuring stunning real-time 3D graphics and a uniquely engaging and immersive gaming system, PKR.com brings an unparalleled and previously unseen level of realism to online poker. Developed by some of the brightest stars in the video games and poker industries, PKR.com continues to be the most innovative poker room in the world.
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100 PKR Players Set for BAMMA Giveaway - 1st December 2011
Next-Gen Online Poker Room PKR Offers Up Free Fight Night Hospitality
More than 100 poker players will enjoy the explosive atmosphere at the BAMMA 8 mixed martial arts event in Nottingham on 10 December through a free prize draw at PKR.com In the fourth event of its kind this year, PKR is again offering players the opportunity to meet staff and other players, against the backdrop of one of sport's fastest growing events. The prize draw is open to all PKR members and concludes on Friday 02 December.
PKR became the headline sponsor of BAMMA, Europe's premier mixed martial arts organisation, in January 2011. The online poker site has since welcomed hundreds of its members to BAMMA events in Manchester, London and Birmingham, having offered tickets in free prize draws through the site's busy forum and website.
PKR players who attend the upcoming BAMMA 8 event, which takes place in Nottingham's Capital FM Arena on Saturday 10 December, will enjoy 13 bouts featuring some of the world's top martial artists including light heavyweight champion Jimi 'Poster Boy' Manuwa, who makes his eagerly anticipated BAMMA debut. UFC legend Randy Couture is also rumoured to be making a promotional appearance.
Community Manager Dan Grant commented, "BAMMA events are a fantastic opportunity for our players to meet PKR and each other in a fun and social real-world setting. They'll get to put faces to names they've met at our online tables and meet new poker mates while enjoying the great atmosphere of a thrilling sporting event."
For more information on PKR's BAMMA 8 giveaway, please visit PKR.com
For interviews with top BAMMA fighters including UFC star Nate Marquardt and Tom 'Kong' Watson, please visit: www.pkr.tv
PKR Poker Media Man 'Online Poker Website Of The Month' Runner-Up For December 2011
PKR.com has been awarded the Media Man runner-up for 'Online Poker Website Of The Month'.
The popular online poker website has also been tipped to be a legitimate chance to place first in the coming months, should their excellent service and offerings continue.
Well done to PKR.com
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PKR PKR Poker PKR Casino Caribbean Stud Poker
The progressive jackpot for PKR's Caribbean Stud Poker mini-game has today reached $149,000 and is expected to grow to a record size within the next few days.
The game is available directly through PKR's pioneering 3D room client, and invites poker fans to beat the dealer-s five card Texas Hold-em hand. Players can be eligible for the rapidly rising jackpot by placing a side bet of just $1, with jackpot payouts activated by hitting the highest ranked poker hands.
On 27 November, poker player GVincredible won 10% of the jackpot after hitting a straight flush, turning his $4 stake into $15,838. The Belgian, a regular at PKR's tables since July 2007 with a $1,833 tournament victory to his name, commented “I just couldn-t believe I-d won. I-d already planned to play more poker on PKR in 2012 and to buy a new car, but this makes it much easier!”
PKR's Caribbean Stud Poker mini-game forms part of the award winning operator-s suite of gaming products which includes a revolutionary 3D poker room, innovative 3D casino and sportsbook.
For more information on the Team PKR pro please visit PKR.com
About PKR
PKR.com is a revolutionary new concept in online poker that has changed the way the game is played. Featuring stunning real-time 3D graphics and a uniquely engaging and immersive gaming system, PKR.com brings an unparalleled and previously unseen level of realism to online poker. Developed by some of the brightest stars in the video games and poker industries, PKR.com continues to be the most innovative poker room in the world.
Press Release
100 PKR Players Set for BAMMA Giveaway - 1st December 2011
Next-Gen Online Poker Room PKR Offers Up Free Fight Night Hospitality
More than 100 poker players will enjoy the explosive atmosphere at the BAMMA 8 mixed martial arts event in Nottingham on 10 December through a free prize draw at PKR.com In the fourth event of its kind this year, PKR is again offering players the opportunity to meet staff and other players, against the backdrop of one of sport's fastest growing events. The prize draw is open to all PKR members and concludes on Friday 02 December.
PKR became the headline sponsor of BAMMA, Europe's premier mixed martial arts organisation, in January 2011. The online poker site has since welcomed hundreds of its members to BAMMA events in Manchester, London and Birmingham, having offered tickets in free prize draws through the site's busy forum and website.
PKR players who attend the upcoming BAMMA 8 event, which takes place in Nottingham's Capital FM Arena on Saturday 10 December, will enjoy 13 bouts featuring some of the world's top martial artists including light heavyweight champion Jimi 'Poster Boy' Manuwa, who makes his eagerly anticipated BAMMA debut. UFC legend Randy Couture is also rumoured to be making a promotional appearance.
Community Manager Dan Grant commented, "BAMMA events are a fantastic opportunity for our players to meet PKR and each other in a fun and social real-world setting. They'll get to put faces to names they've met at our online tables and meet new poker mates while enjoying the great atmosphere of a thrilling sporting event."
For more information on PKR's BAMMA 8 giveaway, please visit PKR.com
For interviews with top BAMMA fighters including UFC star Nate Marquardt and Tom 'Kong' Watson, please visit: www.pkr.tv
PKR Poker Media Man 'Online Poker Website Of The Month' Runner-Up For December 2011
PKR.com has been awarded the Media Man runner-up for 'Online Poker Website Of The Month'.
The popular online poker website has also been tipped to be a legitimate chance to place first in the coming months, should their excellent service and offerings continue.
Well done to PKR.com
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Australian Sports Entertainment
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Wednesday, December 07, 2011
Poker News Media: Andrey Pateychuk Wins WPT Prague - 6th December 2011
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Andrey Pateychuk probably felt extremely lucky to even be at the World Poker Tour (WPT) Prague final table. This year’s European Poker Tour (EPT) San Remo Main Event champ found himself all-in with A-K late on Day 3, only to see his opponent flop a set of 9’s. The poker gods were with him, though, as he hit a runner-runner Broadway straight to double-up and eventually head to the final table in the third spot with over 2 million chips. He was still 4 million chips behind the chip leader, Stanislaw Kretz, and 2.5 million behind Benjamin Pollak, but no matter. Pateychuk ran through the final table Monday to win his second major tournament in less than two months, raking $630,263 in the process.
When the final table began, here was what the landscape looked like:
Stanislaw Kretz – 6,300,000
Benjamin Pollak – 4,865,000
Andrey Pateychuk – 2,310,000
Sigurd Eskelund – 1,575,000
Adria Balaguer – 1,315,000
Russell Carson – 725,000
As might have been expected, Russell Carson was the first to go. Having already lost some chips, he moved all-in pre-flop with 5-5 and Kretz made the call with Q-9. Kretz took the lead on the 9-6-3 flop, though the 8 on the turn gave Carson a shot at a gut-shot straight. It wasn’t to be, though, as the river blanked and Carson was eliminated in 6th place.
About a half hour later, Sigurd Eskelund raised pre-flop to 125,000, Pateychuk took it up to 285,000, and then Eskelund shoved for 1.46 million. Pateychuk quickly called, revealing pocket Jacks. Eskelund had K-Q and the race was on. The flop came down Q-8-6 and Eskelund was in control. Turn: 8. And then…the magical two-outer on the river for Pateychuk. With a rivered Jack, Pateychuk made a full house, shocking Eskelund and sending him home in 5th place.
Play didn’t necessarily slow after that, but it wasn’t for almost three hours that another player was eliminated. Adria Balaguer and Benjamin Pollak both got all their chips into the middle pre-flop, Balaguer with A-T and Pollak with J-9. The flop of J-7-4 put Pollak in the lead with top pair. And then, just like what happened to Pateychuk the previous day, Balaguer made runner-runner Broadway to snatch the pot away from Pollak, as well as many thousands of dollars.
The biggest hand for Pateychuk before heads-up came just before the dinner break. He raised to 200,000 pre-flop, only to see Kretz three-bet him to 560,000. Pateychuk did him one better, four-betting to 980,000, and rather than folding or just going all-in, Kretz called, creating one heck of a pot. Both players checked after the K-9-2 flop, but not after an Ace fell on the turn (which also created a flush possibility) – Kretz bet 1 million chips and Pateychuk made the call. Despite all that action, both players checked the 3 on the river. Pateychuk turned over pocket Kings for a flopped set and Kretz simply mucked. Pateychuk took the chip lead at that point with just over 6 million.
Not long after dinner, Kretz’s downfall was completed. He got it all-in after a Pateychuk raise and was called by the chip leader. Kretz held pocket 9’s, putting him ahead of the A-6 of Pateychuk. And now, since it’s Pateychuk, let’s skip to the river: an Ace. Kretz was knocked out in 3rd place, sending Pateychuk into heads-up play against Balaguer with a small lead, 8.004 million to 7.8 million.
Less than half an hour into heads-up, it looked like a Balaguer victory was imminent. Both men went all-in pre-flop and this time, Pateychuk couldn’t get lucky with A-5 versus Balaguer’s 8-8. When the smoke cleared, Balaguer had a huge lead, 15.63 million to just 1.5 million.
But on the very next hand, Pateychuck doubled-up to 3 million when his K-J held up against Balaguer’s T-9. Then, on the next hand, Pateychuk did it again, this time with A-K versus A-Q. He was still down, but with 6.3 million compared to Balaguer’s 10.8 million, things were looking up.
Within a few hands, another lucky river and some aggressive play gave Pateychuk back the lead, but soon thereafter, Balaguer brought it back to even. Appropriately, though, Pateychuk regained the lead for good when he outflopped Balaguer with A-6 against A-J. Really, at this point, Balaguer had to know that he had no chance. Pateychuk was playing good, aggressive poker, but with lady luck on his side, there was no stopping him.
On the final hand, Pateychuk raised pre-flop, Balaguer moved all-in with Q-Q, and Pateychuk called with A-5. Since this is the final hand, you can guess what happened. The flop was an all-spade 9-7-4 and, of course, Pateychuk held a spade. But that didn’t matter. The turn was a 3 and the river was a 2, giving him the wheel at the WPT Prague title. (Credit: Poker News Daily)
World Poker Tour Prague – Final Table Results
1. Andrey Pateychuk – $630,263
2. Adria Balaguer - $320,381
3. Stanislaw Kretz – $212,690
4. Benjamin Pollak – $139,999
5. Sigurd Eskeland – $107,691
6. Russell Carson - $84,807
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The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $4 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
Bwin.Party Digital Entertainment Co-cEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
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Andrey Pateychuk probably felt extremely lucky to even be at the World Poker Tour (WPT) Prague final table. This year’s European Poker Tour (EPT) San Remo Main Event champ found himself all-in with A-K late on Day 3, only to see his opponent flop a set of 9’s. The poker gods were with him, though, as he hit a runner-runner Broadway straight to double-up and eventually head to the final table in the third spot with over 2 million chips. He was still 4 million chips behind the chip leader, Stanislaw Kretz, and 2.5 million behind Benjamin Pollak, but no matter. Pateychuk ran through the final table Monday to win his second major tournament in less than two months, raking $630,263 in the process.
When the final table began, here was what the landscape looked like:
Stanislaw Kretz – 6,300,000
Benjamin Pollak – 4,865,000
Andrey Pateychuk – 2,310,000
Sigurd Eskelund – 1,575,000
Adria Balaguer – 1,315,000
Russell Carson – 725,000
As might have been expected, Russell Carson was the first to go. Having already lost some chips, he moved all-in pre-flop with 5-5 and Kretz made the call with Q-9. Kretz took the lead on the 9-6-3 flop, though the 8 on the turn gave Carson a shot at a gut-shot straight. It wasn’t to be, though, as the river blanked and Carson was eliminated in 6th place.
About a half hour later, Sigurd Eskelund raised pre-flop to 125,000, Pateychuk took it up to 285,000, and then Eskelund shoved for 1.46 million. Pateychuk quickly called, revealing pocket Jacks. Eskelund had K-Q and the race was on. The flop came down Q-8-6 and Eskelund was in control. Turn: 8. And then…the magical two-outer on the river for Pateychuk. With a rivered Jack, Pateychuk made a full house, shocking Eskelund and sending him home in 5th place.
Play didn’t necessarily slow after that, but it wasn’t for almost three hours that another player was eliminated. Adria Balaguer and Benjamin Pollak both got all their chips into the middle pre-flop, Balaguer with A-T and Pollak with J-9. The flop of J-7-4 put Pollak in the lead with top pair. And then, just like what happened to Pateychuk the previous day, Balaguer made runner-runner Broadway to snatch the pot away from Pollak, as well as many thousands of dollars.
The biggest hand for Pateychuk before heads-up came just before the dinner break. He raised to 200,000 pre-flop, only to see Kretz three-bet him to 560,000. Pateychuk did him one better, four-betting to 980,000, and rather than folding or just going all-in, Kretz called, creating one heck of a pot. Both players checked after the K-9-2 flop, but not after an Ace fell on the turn (which also created a flush possibility) – Kretz bet 1 million chips and Pateychuk made the call. Despite all that action, both players checked the 3 on the river. Pateychuk turned over pocket Kings for a flopped set and Kretz simply mucked. Pateychuk took the chip lead at that point with just over 6 million.
Not long after dinner, Kretz’s downfall was completed. He got it all-in after a Pateychuk raise and was called by the chip leader. Kretz held pocket 9’s, putting him ahead of the A-6 of Pateychuk. And now, since it’s Pateychuk, let’s skip to the river: an Ace. Kretz was knocked out in 3rd place, sending Pateychuk into heads-up play against Balaguer with a small lead, 8.004 million to 7.8 million.
Less than half an hour into heads-up, it looked like a Balaguer victory was imminent. Both men went all-in pre-flop and this time, Pateychuk couldn’t get lucky with A-5 versus Balaguer’s 8-8. When the smoke cleared, Balaguer had a huge lead, 15.63 million to just 1.5 million.
But on the very next hand, Pateychuck doubled-up to 3 million when his K-J held up against Balaguer’s T-9. Then, on the next hand, Pateychuk did it again, this time with A-K versus A-Q. He was still down, but with 6.3 million compared to Balaguer’s 10.8 million, things were looking up.
Within a few hands, another lucky river and some aggressive play gave Pateychuk back the lead, but soon thereafter, Balaguer brought it back to even. Appropriately, though, Pateychuk regained the lead for good when he outflopped Balaguer with A-6 against A-J. Really, at this point, Balaguer had to know that he had no chance. Pateychuk was playing good, aggressive poker, but with lady luck on his side, there was no stopping him.
On the final hand, Pateychuk raised pre-flop, Balaguer moved all-in with Q-Q, and Pateychuk called with A-5. Since this is the final hand, you can guess what happened. The flop was an all-spade 9-7-4 and, of course, Pateychuk held a spade. But that didn’t matter. The turn was a 3 and the river was a 2, giving him the wheel at the WPT Prague title. (Credit: Poker News Daily)
World Poker Tour Prague – Final Table Results
1. Andrey Pateychuk – $630,263
2. Adria Balaguer - $320,381
3. Stanislaw Kretz – $212,690
4. Benjamin Pollak – $139,999
5. Sigurd Eskeland – $107,691
6. Russell Carson - $84,807
Online Gamers Check Out Casino Product...
An increasing amount of online poker players are also checking out online casino offerings from Bwin.Party Digital Entertainment. New casino players currently get up to $3000 sign up bonus, understood to be the highest bonus in the world for new players.
The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $4 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
Bwin.Party Digital Entertainment Co-cEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
Profiles
Bwin.Party Digital Entertainment PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
Tuesday, December 06, 2011
Casino And Gaming Stock Report: Australia And New Zealand, by Greg Tingle - 5th November 2011
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Kerry Packer James Packer Crown Casino Crown Limited Burswood Entertainment Complex The Star Echo Entertainment Australian Casinos Australia New Zealand News Financial News Casino News Poker News Entertainment News
Australian land based casinos continue their entertainment push, with big name celebrities and more expensive casino re-vamps in the works. The share market continues to react to the political hotbed that is the Aussie casino and gambling industry. Southern neighbour, New Zealand, is also prone to gaming being quite the punching bag. Can't wait to the next election. How about you?
Australia’s S&P/ASX 200 Index rose 0.8 percent to 4,321.3 at the close of trading in Sydney. New Zealand’s NZX 50 Index gained 0.6 percent to 3,301.22 in Wellington.
Echo Entertainment Group Ltd. (EGP AU) rose 1.3 percent to A$3.83 after the owner of four Australian casinos had its rating raised to “hold” from “sell” by Adam Alexander, an analyst at Goldman Sachs Australia Pty.
Sky City Entertainment Group Ltd. (SKC NZ) rose 0.3 percent to NZ$3.40 after the New Zealand casino owner agreed a NZ$185 million ($144 million) seven-year banking facility to repay U.S. private placement debt of around NZ$250 million.
Tabcorp Holdings Ltd. (TAH AU) declined 0.7 percent to A$2.80 after Australia’s biggest owner of betting shops was cut to “sell” from “hold” at Goldman Sachs Group Inc., which said earnings may stall in the next two years on higher license costs and a "lack of positive catalysts."
The Late News...
European gaming giant Bwin.Party Digital Entertainment, along with PKR and Virgin Games, are all understood to be keen to officially enter the Australian market. Bwin.Party has done some good warm up work on the political and business side, including now offering online poker players to win a seat at James Packer's annual poker championship in Melbourne 'Aussie Millions'. The Media Man agency has been filing regular reports here and on portals such as Casino News Media, Gambling911 and Poker News Daily are following suit. Mr Packer is understood to be pleased with the lead up news stories on the 2012 'Aussie Millions', at a time when Crown appear to be welcoming any balanced and especially positive coverage of Crown with open arms. Sydney's 'The Star' is also having a poker tourney, with much less fanfare than that of Crown. Any would be James Bond poker players out there? Comon' sport, try your luck and tell 'em the Media Man agency sent you.
*the writer owns shares in Crown Limited
*the writer is a member of The Star's 'Absolute Rewards' program
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Australian land based casinos continue their entertainment push, with big name celebrities and more expensive casino re-vamps in the works. The share market continues to react to the political hotbed that is the Aussie casino and gambling industry. Southern neighbour, New Zealand, is also prone to gaming being quite the punching bag. Can't wait to the next election. How about you?
Australia’s S&P/ASX 200 Index rose 0.8 percent to 4,321.3 at the close of trading in Sydney. New Zealand’s NZX 50 Index gained 0.6 percent to 3,301.22 in Wellington.
Echo Entertainment Group Ltd. (EGP AU) rose 1.3 percent to A$3.83 after the owner of four Australian casinos had its rating raised to “hold” from “sell” by Adam Alexander, an analyst at Goldman Sachs Australia Pty.
Sky City Entertainment Group Ltd. (SKC NZ) rose 0.3 percent to NZ$3.40 after the New Zealand casino owner agreed a NZ$185 million ($144 million) seven-year banking facility to repay U.S. private placement debt of around NZ$250 million.
Tabcorp Holdings Ltd. (TAH AU) declined 0.7 percent to A$2.80 after Australia’s biggest owner of betting shops was cut to “sell” from “hold” at Goldman Sachs Group Inc., which said earnings may stall in the next two years on higher license costs and a "lack of positive catalysts."
The Late News...
European gaming giant Bwin.Party Digital Entertainment, along with PKR and Virgin Games, are all understood to be keen to officially enter the Australian market. Bwin.Party has done some good warm up work on the political and business side, including now offering online poker players to win a seat at James Packer's annual poker championship in Melbourne 'Aussie Millions'. The Media Man agency has been filing regular reports here and on portals such as Casino News Media, Gambling911 and Poker News Daily are following suit. Mr Packer is understood to be pleased with the lead up news stories on the 2012 'Aussie Millions', at a time when Crown appear to be welcoming any balanced and especially positive coverage of Crown with open arms. Sydney's 'The Star' is also having a poker tourney, with much less fanfare than that of Crown. Any would be James Bond poker players out there? Comon' sport, try your luck and tell 'em the Media Man agency sent you.
*the writer owns shares in Crown Limited
*the writer is a member of The Star's 'Absolute Rewards' program
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Saturday, December 03, 2011
Facebook To Enter Into Real Money Online Poker? - 1st December 2011
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Rumors were abuzz yesterday about the possibility of the social networking behemoth Facebook entering into the online poker arena, but it may be that was the extent of the issue…simply rumors.
According to the popular blog “Friending Facebook” written by Emil Protalinski on ZDNet.com, Facebook has been rumored to be in discussions with several outlets regarding the future of online poker on the site. Currently, Facebook only offers “credits” that players can purchase to use to play a multitude of games that the site promotes, but it hasn’t stepped into the realm of a “real money” offering. Protalinski details out how some of the buzz regarding the possibility of Facebook stepping into online poker has gotten started.
Apparently, clandestine meetings were held over the summer between Facebook and “approximately twenty online gaming experts, consultants and social gaming entrepreneurs,” according to Protalinski. If this were to become a reality, it would happen at some point within the first three months of 2012, with the potential for up to eight licenses to be offered to potential online gaming operations through Facebook.
Protalinski notes, via eGaming Review Magazine, that two of those potential outlets have already been named as potential licensees. One of the top game developers, Gamesys, is potentially in the running for one of those licenses. Gamesys, which has been in the online gaming industry since 2001, offers bingo software as well as games based on television shows such as The Price Is Right and Deal or No Deal. The company also has a contract with Caesars Entertainment for CaesarsBingo.com.
The other operation named specifically as a potential suitor for Facebook also has connections with Caesars Entertainment, the owners of the World Series of Poker. 888 Holdings PLC, founded in 1997 and the ownership behind such offerings as 888Poker.com and the Caesars Entertainment owned WSOP.com online poker site, is rumored to be one of the companies at the front of the line for a potential Facebook partnership. 888Poker is currently the fourth ranked online poker network in the industry, having a seven day average of 2150 cash game players, according to PokerScout.com.
Protalinski points out several issues that will have to be overcome before any such partnerships can reach fruition. Age verification issues, something that anti-online gaming zealots have said would be problematic, are something that Facebook would have to deal with, as people do not always put their year of birth on their Facebook record for privacy reasons. Finding an outlet that could process real money transactions at a bulk rate would also be problematic as well as how Facebook and any partners would divvy up the proceeds.
In looking at how Facebook handles its “credits” transactions, Protalinski points out some significant numbers. Protalinski states that Facebook takes a 30% cut of revenues earned through the purchases of Facebook Credits, with the remaining 70% going to the developers of the games. To possibly see how much money is potentially involved in this partnership, PartyGaming – before it joined forces with Bwin early this year – pulled in $497.9 million in revenue in 2010. If that type of activity was seen with a Facebook gaming site – and using the same percentages as Facebook currently operates under – it would mean Facebook would make approximately $149.3 million and their partner company would pull in $348.5 million.
For American citizens, however, there is no glimmer of hope. Real money online poker through Facebook isn’t an option per the current status of online gaming in the United States. The offerings would first be done in the United Kingdom and potentially branch out to the rest of the world, Protalinski reports.
Then again, this could all just be conjecture. Protalinski contacted Facebook officials regarding this issue and quoted a representative of Facebook as saying, “We’re always in discussions with companies about lots of different ideas, but we don’t comment on future plans or speculation.” After the ringing in of the New Year, however, we may learn if these plans are true or false. (Credit: Poker News Daily)
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Games Gaming Casinos Poker Facebook Casino Legal Social Media Sydney Australia News Financial News Casino News Poker News Entertainment News
Rumors were abuzz yesterday about the possibility of the social networking behemoth Facebook entering into the online poker arena, but it may be that was the extent of the issue…simply rumors.
According to the popular blog “Friending Facebook” written by Emil Protalinski on ZDNet.com, Facebook has been rumored to be in discussions with several outlets regarding the future of online poker on the site. Currently, Facebook only offers “credits” that players can purchase to use to play a multitude of games that the site promotes, but it hasn’t stepped into the realm of a “real money” offering. Protalinski details out how some of the buzz regarding the possibility of Facebook stepping into online poker has gotten started.
Apparently, clandestine meetings were held over the summer between Facebook and “approximately twenty online gaming experts, consultants and social gaming entrepreneurs,” according to Protalinski. If this were to become a reality, it would happen at some point within the first three months of 2012, with the potential for up to eight licenses to be offered to potential online gaming operations through Facebook.
Protalinski notes, via eGaming Review Magazine, that two of those potential outlets have already been named as potential licensees. One of the top game developers, Gamesys, is potentially in the running for one of those licenses. Gamesys, which has been in the online gaming industry since 2001, offers bingo software as well as games based on television shows such as The Price Is Right and Deal or No Deal. The company also has a contract with Caesars Entertainment for CaesarsBingo.com.
The other operation named specifically as a potential suitor for Facebook also has connections with Caesars Entertainment, the owners of the World Series of Poker. 888 Holdings PLC, founded in 1997 and the ownership behind such offerings as 888Poker.com and the Caesars Entertainment owned WSOP.com online poker site, is rumored to be one of the companies at the front of the line for a potential Facebook partnership. 888Poker is currently the fourth ranked online poker network in the industry, having a seven day average of 2150 cash game players, according to PokerScout.com.
Protalinski points out several issues that will have to be overcome before any such partnerships can reach fruition. Age verification issues, something that anti-online gaming zealots have said would be problematic, are something that Facebook would have to deal with, as people do not always put their year of birth on their Facebook record for privacy reasons. Finding an outlet that could process real money transactions at a bulk rate would also be problematic as well as how Facebook and any partners would divvy up the proceeds.
In looking at how Facebook handles its “credits” transactions, Protalinski points out some significant numbers. Protalinski states that Facebook takes a 30% cut of revenues earned through the purchases of Facebook Credits, with the remaining 70% going to the developers of the games. To possibly see how much money is potentially involved in this partnership, PartyGaming – before it joined forces with Bwin early this year – pulled in $497.9 million in revenue in 2010. If that type of activity was seen with a Facebook gaming site – and using the same percentages as Facebook currently operates under – it would mean Facebook would make approximately $149.3 million and their partner company would pull in $348.5 million.
For American citizens, however, there is no glimmer of hope. Real money online poker through Facebook isn’t an option per the current status of online gaming in the United States. The offerings would first be done in the United Kingdom and potentially branch out to the rest of the world, Protalinski reports.
Then again, this could all just be conjecture. Protalinski contacted Facebook officials regarding this issue and quoted a representative of Facebook as saying, “We’re always in discussions with companies about lots of different ideas, but we don’t comment on future plans or speculation.” After the ringing in of the New Year, however, we may learn if these plans are true or false. (Credit: Poker News Daily)
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