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Declining iPoker network hopes to get Everest and Betfair, Pokerfuse

Declining iPoker network hopes to get Everest and Betfair, Pokerfuse | Poker & eGaming News | Scoop.it

Playtech’s impressive first-half financial results released today were marred only by the continued poor performance of its poker platform, iPoker. The group is looking toward both new licensees and a real-money mobile platform to boost its ailing network.

 

Poker understandably received slim attention in an otherwise glowing half-annual report:

The international poker market remained challenging for the first six months of the year, causing poker revenue to fall by 9% to €9.7 million. The iPoker network maintained its position as the leading independent poker network in the dotcom market place, and we are currently in discussions with a number of significant new licensees who wish to join the network.

 

Revealed on pokerfuse last week, one major new licensee in talks with Playtech is is Everest Poker, which plans to shut its independent poker room and join the network. Although considered a micro-network, it would bring a possible 20% boost to player numbers on iPoker. It operates a larger French network, which would completely reinvigorate Playtech’s presence in France. Rumored to be in talks with joining the network is Betfair, which currently operates on the Ongame network but is reportedly looking for a new home.

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Betclic Everest Group loss €100m, GamingIntelligence

The figures from Société des Bains de Mer (SBM), which holds a 50 per cent stakereveal that Betclic Everest Group’s full year loss amounted to €100.4m. At the half year stage, Betclic Everest’s loss amounted to €66.2m, with the €34.2m second half loss representing an improvement on the prior six months.

 

Betclics has a 0,51% poker market share in Italy 2.65 % of the casino market. BEG’s Bet-at-home unit continues to perform strongly meanwhile, with first quarter 2012 net gaming revenues climbing 15.9 per cent year-on-year to €18.9m. The business has also recently received a licence to offer sports betting online in Schleswig-Holstein. 

 

Previous majority owner GigaMedia described BEG as clearly struggling and without strategy.

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Betclic Everest has no worth, Gaming Intelligence

GigaMedia attributed the omission to the failure on the part of Betclic Everest to provide it with financial results for the first quarter of 2012, but GigaMedia CEO John Stringer offered little hope for optimism when questioned about the subject.

 

It has suffered hugely from the impact of two irresistible forces - French re-regulation and the decline of online poker.

 

Betclic Everest Group is a private company, comprising Betclic, bet-at-home, Expekt and Everest. But while it remains private, its 50 per cent shareholder Société des Bains de Mer (SBM) and Everest part-owner GigaMedia are public companies (as is bet-at-home) and hence, declare the figures for certain parts of the Betclic Everest group.

 

Other sources:

http://www.gamingintelligence.com/premium-news-and-archive/14298-winners-and-losers-2011-betclic-everest-group

http://www.igamingbusiness.com/content/confused-picture-gigamedia

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Everest Poker joining iPoker Network, Dan Katz at PokerNewsDaily

Everest Poker joining iPoker Network, Dan Katz at PokerNewsDaily | Poker & eGaming News | Scoop.it

The long-independent Everest Poker has decided to join up with iPoker.

 

According to PokerScout.com, EverestPoker.com is the 23rd largest online poker competitor in the industry, with a seven day average of 570 cash game players. Its French site, EverestPoker.fr, is actually doing better, sitting in 15th with a seven day average of 650 cash game players.

 

This comes just days before the iPoker Network is to split into two. In an attempt to get its member poker rooms to attract profitable customers, the network will move a select few of its skins to form an upper tier, or “iPoker 2,” while the rest will have to remain on the old network and hope to meet the requirements for inclusion. Those requirements: have a minimum of 6,000 active players per month as well as add least 850 new players per month, each of whom must contribute at least $5 in rake or tournament fees. Other factors, such as deposit to cashout ratios, will also be evaluated.

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Four additional operators secure Schleswig-Holstein licence, Tom Victor and Robin Harrison EGR Magazine

Four additional operators secure Schleswig-Holstein licence, Tom Victor and Robin Harrison EGR Magazine | Poker & eGaming News | Scoop.it

Bwin.party, Bet365, Betclic Everest subsidiary bet-at-home and Malta-licensed operator Tipico have become the latest companies to receive a Schleswig-Holstein licence, allowing them to offer sports betting in the jurisdiction with immediate effect, with licences for poker and casino expected to be awarded “in due course.”

 

Less than a week before the CDU’s election failure, Betfair, mybet and Die NordwestLotto were announced as the first three operators to be granted a license in Schleswig-Holstein, and following today’s news another 24 operators are still awaiting news on their own sportsbook appilcations, with a further 17 having applied solely for poker and casino approval.

 

Other sources:

http://pokerfuse.com/news/law-and-regulation/new-schleswig-holstein-licenses-solidify-law-pave-way-online-poker-germany/

http://www.gaming-awards.com/NEWS/archives/9860

 

In 2011, the bwin.party Group generated total pro forma gross sports betting revenue of approximately €96.1m from Germany. Revenues generated under the licence will be taxed at the rate of 20% of gross gaming revenue.

http://www.bwinparty.com/Investors/FinancialNews/2012/120523%20Schleswig-Holstein%20Licence.aspx

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Everest Poker aims to enter Massachusetts, Charles Rettmuller PokerUpdate

Everest Poker aims to enter Massachusetts, Charles Rettmuller PokerUpdate | Poker & eGaming News | Scoop.it

Everest Poker, an independent international poker site operating out of Malta and France, is hoping to enter the U.S. marketplace in Massachusetts by working in tandem with the lawmaker proposing an online poker bill in the Bay State.

 

Rep. Dan Winslow (R-Norfolk) has introduced legislation allowing for three intrastate Internet poker licenses to be issued in the state. An amendment to the proposal calls for any license applicant who has taken Internet wagers from U.S. customers following passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006 to be denied licensure.

 

Catering mainly to the European market, Everest Poker currently ranks 10th in player traffic among worldwide sites, according to PokerScout. It is also eyeing developments in New Jersey and Nevada in hopes of splashing the pot and making a name for itself in several anticipated U.S. intrastate markets.

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