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888 in talks with Facebook regarding real money online poker, Aaron Goldstein 911Gambling

888 in talks with Facebook regarding real money online poker, Aaron Goldstein 911Gambling | Poker & eGaming News | Scoop.it

888 Poker has begun talking with Facebook, the social media giant, to bring “real money” online poker to jurisdictions where such activity is permitted, a la Great Britain, according to a report on eGaming Review.

 

Facebook earlier in the month launched its first “real money” online gaming venture in the form of what looked like a kid’s bingo site. Bingo & Slots Friendzy, developed by Gamesys, is only available to those living within the United Kingdom at this time.

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Vasileios Volikakis's curator insight, May 7, 2013 7:02 AM

888 Poker is currently ranked as the 4th most trafficked Web cardroom in the world

Facebook earlier in the month launched its first “real money” online gaming venture in the form of what looked like a kid’s bingo site.  Bingo & Slots Friendzy, developed by Gamesys, is only available to those living within the United Kingdom at this time

Mathaios Tsoukaris's comment, May 7, 2013 7:06 AM
Go on Bill!
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Poker helps 888 to record revenues, Stephen Carter at Casino Choice

Poker helps 888 to record revenues, Stephen Carter at Casino Choice | Poker & eGaming News | Scoop.it

Online operator 888 has posted record half-year revenues of $186.4m on the back of a stellar performance from poker and solid growth from its core casino component. Earnings were up 81% to $36m in the six months to the end of June, albeit from a low base of $20m a year earlier, with the company announcing it had reinstated its dividend at 2.5c per share.

 

888Poker revenue was up 72% year-on-year to $41.3m in the six months to the end of June, with second quarter performance also holding up well in the historical seasonal slowdown leading into summer. Active poker customer numbers were up 63% in Q2, on top of the 90% rise recorded in the prior year.

 

In Spain, where the operator made a backdated tax payment of US$11.1m to Spanish authorities ahead of launching in the regulated market in early June, 888 doubled its poker revenue from Spain compared to the period immediately prior to regulation. 888poker.es is now No 2 behind PokerStars in the segregated player pool, with a 24% market share, according to the company’s statement today.

 

Other sources:

http://www.igamingbusiness.com/content/record-first-half-revenues-888-holdings

http://www.gamblingcompliance.com/node/49871

 

http://www.cardplayer.com/poker-news/13967-poker-revenue-jumps-72-percent-at-888

Online poker revenue has seen a significant surge at 888 growing 72 percent in the first half of 2012 to US$41.3 million from US$24 million in the same period of 2011.

 

http://www.gamingintelligence.com/premium-news-and-archive/17349-888-posts-record-revenues-poker-up-72-per-cent

H1 2012 Financial Summary (US$m)
H1 2011 H1 2012 % Change
Revenues
-Poker 24.0 41.3 72%
-Casino 69.0 83.1 20%
-Bingo 27.6 26.9 -2%
-Emerging Offering 10.2 12.3 20%
Total B2C 130.8 163.6 25%
B2B 23.1 22.8 -1%
Total Revenues 153.8 186.4 21%

Operating Expenses (1,2)
54.6 56.8 4%
Gaming Taxes & Duties (3)
1.4 5.5 292%
Research & Development Expenses 12.9 13.9 8%
Selling & Marketing Expenses 49.9 61.7 24%
Administrative Expenses (2,4,5)
15.1 12.5 -17%

EBITDA 20.0 36.0 81%

 

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Ongame offers best b2b Android poker, Robert O'Connor Android Poker Sites

Best Android Poker Software:

1. 888poker

2. PokerStars

3. bwin poker (Ongame)

4. Unibet (Microgaming)

5. Terminal Poker

6. Switch Poker

 

Other sources: 

http://calvinayre.com/2012/07/20/poker/poker-on-the-go/

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888 Poker success in Spain, Share Price Rises 14 Per Cent, Gambling911

888 Poker success in Spain, Share Price Rises 14 Per Cent, Gambling911 | Poker & eGaming News | Scoop.it

888 stocks sored up 14 per cent on news that company profits were “materially ahead”, due in part to a strong presence in the Spain market. The firm is now the second-biggest player in the Spanish poker market after PokerStars.

 

Other sources:

http://www.gamingintelligence.com/premium-news-and-archive/16790-888s-first-half-earnings-to-exceed-forecasts-

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Acquisitions of social gaming companies have showed poor results, Gambling Compliance

The social gaming sector is estimated to grow from around $8bn in global revenues this year to around $15bn in 2015, according to Think Equity.

 

Caesars Entertainment acquired Playtika (Slotomania) for $170m in December 2011. Official company description: “A lot of effort, not a lot of results.”

 

888 Holdings acquired social poker and bingo games developer Mytopia for $18m in June 2010. Official company description: “Reduced expectations of income growth."

 

International Game Technology’sacquired DoubleDown Interactive for $250m in January 2012. Official company description:"Will need to grow its user base to generate profitability." (showing loss with 1,4 M daily and 5 M monthly users) The growth of users has been “dramatically below what we believe is necessary to achieve our estimate.”

 

Bwin.Party Digital Entertainment unveiled its Win.com social gaming division and announced the acquisition of  Velasco Services Inc. and Orneon Limited for $23m in may 2012.

 

MGM Resorts International is set to imminently launch its MyVegas social gaming site.

 

Wynn Resorts is according to rumours i talks with the largest social gaming developer Zynga.

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Online Poker in Spain: Who's In? Pokerfuse

Online Poker in Spain: Who's In? Pokerfuse | Poker & eGaming News | Scoop.it

Since December, we have seen various operators bowing out (notably Bodog, Unibet and other Microgaming skins). A last minute surprise—a demand from the Spanish tax man to pay four year’s of back-taxes—has raised questions as to which poker rooms will be getting licenses in a few days’ time.

 

Still no official list has been published, but given recent statements from various operators we have a good idea of who has their fingers crossed for a license.

 

PartyPoker: €31m in back-taxes paid.

Ongame: Betfair paid ~€10m, poker license application “shortly.”

888poker: €8.7m paid.

PokerStars

iPoker: Bet365, William Hill and Paddy Power

Microgaming: Ladbrokes and StanJames.

Boss Media/GTECH G2: Sportingbet has €17.2m paid—but sportsbook only?

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888 pays 8 MEUR in Spanish back-taxes

888 confirms that it has concluded its discussions with the Spanish authorities regarding gaming duty which may be payable in respect of operations between January 2009 and May 2011 in order to secure a Spanish eGaming Licence.

 

Following these discussions 888 has completed a self-assessment tax return and made a one-off payment of €7.4 million in addition to surcharges and interest expected to be up to €1.3 million, all from its cash resources.

 

Other sources:

http://www.gaming-awards.com/NEWS/archives/10019

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888 continues record performance, Poker up 88%, Inside Poker Business

888 continues record performance, Poker up 88%, Inside Poker Business | Poker & eGaming News | Scoop.it

888 continued its record run of poker results with an 88% rise in poker revenues to $21 million during Q1. It contributed to a 25% rise in group revenue during the period, which was reported as a record $94 million.

 

Poker has been a hugely impressive vertical for 888 in the past year with the firm now the fourth most popular site, according to PokerScout. Casino revenues were also up 26% in the quarter to $33m, while bingo revenues fell 5% to $14m.

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No Online Poker in Latest Round of Licenses in Schleswig-Holstein, Nick Jones Pokerfuse

No Online Poker in Latest Round of Licenses in Schleswig-Holstein, Nick Jones Pokerfuse | Poker & eGaming News | Scoop.it

Five more licenses to operate online sports betting in the German state of Schleswig-Holstein were issued on Tuesday, with recipients Ladbrokes and 888 among the new additions.

The Home Office will continue processing applications, with now over 40 operators under consideration, including 22 for “online casino games” including poker, according to yesterday’s statement.

 

However, the latest batch were all sports-betting licenses, bringing the total number of licenses issued to date to 12. Along with 888 and Ladbrokes, Cashpoint Malta Ltd and Admiral Sportwetten (recipient of two licenses) join the likes of Betfair, JAXX, Bet365 and bwin.party. All licenses are good for six years.

 

Other sources:

http://www.igamingbusiness.com/content/schleswig-holstein-issues-five-more-licences

http://www.g3newswire.com/germany-confusion-reigns-schleswig-holstein-internet-casinos/

http://gamingzion.com/gamblingnews/schleswig-holstein-issues-more-online-gambling-licenses-2904

http://www.gamblingcompliance.com/node/49869

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888poker revenue up 59 %, Brendan Murray at CardPlayer

888poker revenue up 59 %, Brendan Murray at CardPlayer | Poker & eGaming News | Scoop.it

 

Online business-to-consumer poker revenue was up 59 percent to $20 million from $13 million in the second quarter of 2011.

 

The positivity continued with the number of active poker customers up 63 percent to 378,000 compared to the same time last year although quarterly revenue per active poker customer dropped three percent to $53 from 12 months earlier.

 

In the first six months of 2012 poker revenue was up 72 percent to $41 million from US$24 million in the first half of 2011.

 

Overall the company, which offers sports book, casino and bingo as well as poker, saw group revenue up 17 percent to $92 million in the second quarter from a year earlier.

 

Other sources:

http://www.gamingintelligence.com/finance/16948-online-poker-powers-888-to-q2-revenue-growth

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UK Online Market Tops £1.71bn - £242m in taxes, Scott Longley, GamblingCompliance

UK Online Market Tops £1.71bn - £242m in taxes, Scott Longley, GamblingCompliance | Poker & eGaming News | Scoop.it

The UK government can expect to generate up to £242m in revenues from the introduction of its planned point of consumption (POC) tax, according to the results of a new report from GamblingData.


In detailing the UK online gambling market to be worth £1.71bn in net gaming revenue (NGR), GamblingData suggests that between 5.25-7.25 percent of the market would end up avoiding the tax at the proposed 15 percent rate.

 

Other sources:

http://www.gamblingcompliance.com/node/49599

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WMS and 888 enters the US play-for-fun market, WMS Gaming

WMS will market and distribute 888's world-class online poker solution to land-based casino customers in legal venues in the United States, initially with a play-for-fun offering. As real money online poker becomes regulated on a state-by-state or federal basis, the agreement enables the immediate launch of a real money offering as regulations are finalized and upon licensing by appropriate gaming authorities.

 

In addition, the agreement facilitates the creation of an interoperable platform that will enable an integrated experience between 888's online poker solutions and WMS' online casino solutions incorporating WMS gaming content and capabilities, providing for play-for-fun applications and appropriate wagering solutions.

 

Earlier this year, both 888 and WMS submitted applications to Nevada's State Gaming Control Board for interactive gaming licenses in the State of Nevada.

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bwin.party acquires Orneon for 15 MUSD, James Bennett and Robin Harrison EGR Magazine

bwin.party acquires Orneon for 15 MUSD, James Bennett and Robin Harrison EGR Magazine | Poker & eGaming News | Scoop.it

bwin.party is to acquire social games developer Orneon in a deal thought to be worth around US$15m, eGaming Review can exclusively reveal.

 

Ukraine-based studio Orneon acts as an outsource developer for other social operators without owning the IP to any of the games. It was reportedly involved in the development of 888’s recently resurrected social gaming subsidiary Mytopia’s core Bingo Island brand, and is understood to have worked on mobile versions of Playtika’s Solotomania product.

 

Barak Rabinowitz, former CEO of Mytopia, is expected to be confirmed as heading up the division during the same presentation. Prior to joining Mytopia, Rabinowitz had founded online trivia and bingo operator, Amuso, which went into voluntary administration in September 2010.

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Recreational Players Vital To Online Poker, Charles Rettmuller PokerUpdate

Recreational Players Vital To Online Poker, Charles Rettmuller PokerUpdate | Poker & eGaming News | Scoop.it

Although many poker players are undoubtedly there to win money, there is a certain segment of players--the casual type--who are playing for the sheer fun and enjoyment of the game. If a few dollars happen to come there way by taking down a big pot or two, all the better, but its not necessarily the primary reason why they sit down at the virtual felt to play. One need look only as far as the popularity of Zynga Poker, and their over 30 million active monthly players worldwide, to realize that people will play poker without risking any money simply because its a fun game to play. And there are many of those fun-seeking players who deposit at real-money sites to increase their enjoyment by wagering a few dollars. But there are also a lot who still don't.

 

Ongame has branded their attempt to balance the playing field as a success, citing statistics that show an increase in recreational, net depositing players since the advent of the Essence concept. "Essence helps create an even healthier ecosystem, in a way that is unique for the entire poker industry,” said Fredrik Kjell, Head of Poker at the Ongame Network.

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Brian Mattingley, 888 CEO, InsidePokerBusiness

Brian Mattingley, 888 CEO, InsidePokerBusiness | Poker & eGaming News | Scoop.it

In an industry where it seems like most companies are currently going backwards, 888 is winning and winning emphatically. Revenue for Q1 increased by 25% percent over the same period in 2011, from $75 million to $94m and poker revenues increased by 88%. What makes these figures even more astounding is the fact that barely 18 months ago, 888 was reporting a nosedive in poker profits of 25%. 

 

Newly installed CEO Brian Mattingley is keen to point out that this revival in fortunes is no happy accident. Mattingley, who served as deputy CEO in the period following Levy's departure, says it's all down to the firm going back to basics. 'We've gone back to B2C and it's something that I think we do very well,' he says. 'In the course of the last two years, we have developed and enhanced our software, our platform and our infrastructure.'

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