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Redbet chooses Ongame after leaving IGT

Redbet chooses Ongame after leaving IGT | Poker & eGaming News | Scoop.it
Amaya subsidiary Ongame acquire new partner

MONTREAL, Canada – December 18, 2012 – Amaya Gaming Group Inc. (“Amaya” or the “Corporation”) (TSXV: AYA), an entertainment solutions provider for the regulated gaming industry, announced today that Redbet Gaming Ltd (“Redbet”) has chosen Amaya’s wholly owned subsidiary Ongame Network Ltd. (“Ongame”) for a two-year licensing agreement to power its company-wide poker business. The multi-site deal includes popular brands such as Redbet.com, Whitebet.com and Heypoker.com.

“When leaving the IGT poker network we did a thorough investigation of all B2B poker providers,” said Adam Vella, Head of Poker at Redbet Gaming Ltd. “Selecting Ongame was an easy choice. Ongame combines excellent network management with a rock solid technical platform. Today, Ongame now provides poker to all of our major sites.”

“We’re pleased to add Redbet to our growing family of clients and look forward to exceeding their expectations in us as a technology partner,” said Darcy Krogh, VP of Business Development at Amaya. “We continue to execute on Amaya’s plan for Ongame, which is to leverage its scalable software architecture and infrastructure to add new partners to Ongame’s network, including in new jurisdictions. With Amaya’s regulatory experience and proven platforms in both poker and casino, we are an increasingly viable option for those looking for new partnerships online.”
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Shuffle Master receives license and will start online poker Q1 2013, Legal Poker Sites

Shuffle Master receives license and will start online poker Q1 2013, Legal Poker Sites | Poker & eGaming News | Scoop.it

Shuffle Master is the latest provider to officially be granted a license to prove iPoker services to Nevada casinos. Earlier today, the company became the third company to receive approval by the Nevada Gaming Control Board. Bally Technologies and International Game Technology are the other two companies. Anyone using Shuffle Master as a provider would be looking at January 2013 as their go-live date.

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IGT/Entraction bans poker players in 50 countries - but not Italy, Nick Jones Pokerfuse

IGT/Entraction bans poker players in 50 countries - but not Italy, Nick Jones Pokerfuse | Poker & eGaming News | Scoop.it

The IGT Network, formerly Entraction, has expanded its list of blocked countries adding 20 new banned countries.

 

Banned countries include: Australia, Spain, Belgium, Cyprus, Turkey, Israel, Norway, Russia, Canada, South Africa, China, Ivory Coast, Monaco, Denmark, France and Estonia.

 

However, one notable omission from the blacklist is Italy: IGT/Entraction apparently continues to allow Italian players without the network nor any of its operators holding a license.

 

IGT, who purchased Entraction and rebranded it at the beginning of the year, was one of the first to receive approval in Nevada for an online poker license.

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Will Zynga Make the Switch to Real Money Poker, Matt Holden Online Casino Archives

Will Zynga Make the Switch to Real Money Poker, Matt Holden Online Casino Archives | Poker & eGaming News | Scoop.it

As online gambling legislation looks set to change in America, and social gaming continues to grow in popularity, the line between gambling and gaming is set to become less and less distinct. Whatever path Zynga chooses their growth is almost guaranteed. They are certain to enter the real money gambling market sooner rather than later and it wouldn’t be surprising if within a year players are able to enjoy a real money version of Zynga poker.

 

Recent crossovers between social gaming and gambling include the purchase of Playtika by Caesar’s Entertainment and Double Down Interactive by International Game Technology. However, it is Zynga, after announcing at the beginning of the year that they are looking for partnerships in the gambling area, who really are at the forefront of the gambling-gaming crossover.

 

Mark Pincus, the CEO of Zynga, has said that the possibilities of social gambling games are “mind-blowing”. Zynga’s partnership with gambling operators Wynn could lead to an extremely powerful franchise if they manage to use Wynn’s reputation and expertise to their advantage. This may lead to the formation of another company and see Zynga sell off its “family friendly” side to Facebook.

 

Zynga Poker:

- 33.8 million active players (per month). 

- 61 million likes on Facebook. The only page with more likes? Facebook itself.
- 55 million hands daily.
- “Pays out” 16 trillion in chips daily. If each chip represents a dollar, that pays off the U.S. national debt in…less than a day, with a little more than 200 billion chips to spare.

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Bally and IGT receives the first online service providers licenses in Nevada, Phil at G3

Bally and IGT receives the first online service providers licenses in Nevada, Phil at G3 | Poker & eGaming News | Scoop.it

Bally and IGT have received the Nevada Gaming Commission’s first two interactive gaming service provider and manufacturer licenses allowing both to partner with Nevada casino groups to provide online poker to their customers.

 

The approvals take the gambling state one step closer to launching an online market that may reach $13.4bn in five years, according to gaming-centric analyst H2 Gambling Capital. Over 20 companies have applied to the Gaming Commission for a licence with more approvals expected to follow soon.

 

Gaming Control Board Chairman Mark Lipparelli said online gambling could be launched in the state late in 2012 or early in 2013.

 

Other sources:

http://www.gambling911.com/poker/bally-and-igt-teaming-golden-nugget-bring-online-poker-nevada-062412.html

http://pokerfuse.com/news/law-and-regulation/bally-tech-igt-receive-nevada-online-poker-approval/

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6 new applicants for Nevada makes it in total 30, Casino Online

The latest applicants for a Nevada online gaming license includes:

- Wynn Resorts Limited

- WHG Ltd (Playtech)

- Global Cash Access

- Z4 Poker LLC

- LV Gaming Ventures LLC

- SG Gaming Inc (ScientificGames)

 

The Nevada Board recommended the applications of

- Bally Technology

- International Game Technology

- William Hill plc

 

Other sources:

http://www.gambling911.com/gambling-news/wynn-resorts-applies-nevada-online-poker-license-talks-zynga-061112.html

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IGT and William Hill recommended for Nevada licences, Gaming Intelligence

UK bookmaker William Hill and US gaming solutions provider International Game Technology (IGT) have become the latest companies to receive recommendations from the Nevada Gaming Control Board to be granted licences.

 

The unanimous recommendations for William Hill and IGT follow yesterday's decision in favour of Bally Technologies, which will all be reviewed by the Nevada Gaming Commission on June 21st when a final decision will be made.

 

Other sources:

http://www.gamblingcompliance.com/node/49319

The regulatory body, nevertheless, decided the British bookmaker is suitable to acquire and consolidate the bookmaking operations under the William Hill name.

William Hill paid $53m to acquire American Wagering, doing business as Leroy’s Sportsbook; Brandywine Bookmaking, doing business as Lucky’s Race & Sports Book; and Sierra Development Co., doing business as Club Cal Neva.

 

However, the three-member regulatory board expressed concern about William Hill’s business relationship with Playtech and Teddy Sagi, who was convicted of securities fraud and bribery in 1996 in Israel and served 18 months in prison.

 

Other sources:

http://www.igamingbusiness.com/content/william-hill-and-igt-recommended-nevada-igaming-licences

http://pokerfuse.com/news/law-and-regulation/failure-skin-purple-lounge-not-cause-concern-nevada-license-recommendation/

http://www.cardplayer.com/poker-news/13454-william-hill-grilled-by-nevada-gaming-regulators

http://www.gaming-awards.com/NEWS/archives/10417

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DoubleDown launch TV commercials to build brand, DoubleDown/IGT

DoubleDown has launched their first TV ad in conjunction with signing their first B2B client - a poorly trafficed casino site http://www.casinodelsol.com/.

 

Other sources: http://www.innovategaming.com/2012/07/igts-doubledown-casino-partners-casino-del-sol/

http://www.gamingintelligence.com/premium-news-and-archive/16962-igts-doubledown-signs-first-deal-with-us-casino

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IGT increased revenues by 13% due to DoubleDown, International Game Technology

IGT increased revenues by 13% due to DoubleDown, International Game Technology | Poker & eGaming News | Scoop.it

International Game Technology Reports Third Quarter Fiscal Year 2012 Results:

 

- Revenues increased 13% to $301 million in the third quarter, primarily due to increases in the interactive businesses.  Excluding the interactive businesses, revenues were flat.

- Gross margin decreased to 59% from 62% in the third quarter, primarily due to the inclusion of the interactive businesses and lower MegaJackpots® yields.

- Installed base increases were primarily driven by global lease operations growth.

- Excluding the positive impact from the interactive businesses, average revenue per unit per day in the third quarter was $50.20, down 4% sequentially and 7% over the prior year quarter, mainly due to lower MegaJackpots® yields and a higher mix of lower-yielding units in the installed base.

- Double Down bookings per daily user were $0.25 in the third quarter compared to $0.24 in the second quarter subsequent to acquisition.

- Double Down monthly users were 5.2 million as of June 30, 2012, a decrease of 7% when compared to March 31, 2012.

 

US Dollars (US$) Q3 2010/11 Q3 2011/12
Gaming Operations (inc. Interactive) 267.4m 301.2m
Product Sales 221.6m 231.6m
TOTAL 489.0m 532.8m

 

Other sources:

http://www.gamingintelligence.com/premium-news-and-archive/16931-costs-and-expenses-weigh-on-igt-as-q3-profit-slumps ;

 

http://www.gaming-awards.com/NEWS/igt-report-46-drop-in-quarterly-results/

IGT’s net income has declined for three straight quarters. In the second quarter, net income fell 11.1% from the year earlier, while the figure fell 33.1% in the first quarter.

 

http://www.casinocitytimes.com/article/igt-credits-revenue-rise-partly-to-social-gaming-61120

http://www.innovategaming.com/2012/07/igt-reports-q3-2012-revenues-9-percent-533m/

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PaddyPower and Shuffle Master passed hearing in Nevada, Haley Hintze Pokerfuse

PaddyPower and Shuffle Master passed hearing in Nevada, Haley Hintze Pokerfuse | Poker & eGaming News | Scoop.it

The approval process for online poker licensing in Nevada moved forward again on Tuesday with two applications, PaddyPower and Shuffle Master, passing the suitability hearing phase before the Nevada Gaming Commission.

 

Shuffle Master joins the “manufacturer/provider” category of firms who will offer interactive gaming systems, the same role occupied by Bally Tech and IGT.

 

Current Ongame parent bwin.party has subsequently claimed six new suitors for the software platform in a recent press release, though whether any of them is eyeing the US market remains undisclosed.

 

Both Shuffle Master and PaddyPower are likely to receive formal approval of their applications later this month.

 

Other sources:

http://www.lvrj.com/business/shuffle-master-recommended-for-interactive-operations-162103235.html

http://www.gaming-awards.com/NEWS/paddy-power-passes-nevada-license-test/

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Bally and IGT receives Internet gaming licensing in Nevada, Las Vegas Sun

Bally and IGT receives Internet gaming licensing in Nevada, Las Vegas Sun | Poker & eGaming News | Scoop.it

KSNV reports that Bally Technologies becomes the first company to be fully licensed for online gambling, June 21.

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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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Land-based casino providers decreased 11% further in May 2012, InnovateGaming

Land-based casino providers decreased 11% further in May 2012, InnovateGaming | Poker & eGaming News | Scoop.it

After reporting a slight decline for the first time since Nov 2011 in April, the AGEM index witnessed a more dramatic decrease of 11% in May 2012.

 

AGEM index: -11,3%

Dow Jones Industrial: -6,2%

S&P 500: -6,3%

Nasdaq: -9,8%

 

Selected negative contributors to the AGEM index included:
Konami, KNM: -27.4 %
International Game Technology, IGT: -8.2 %
WMS Industries, WMS: -16.2 %

 

The AGEM index comprises of the largest land-based casino providers including: Aristocrat Technologies, Aruze Gaming America, Austrian Gaming Industries, Bally Technologies, GTECH / Spielo International, International Game Technology (IGT), Intralot S.A., Konami Gaming, Scientific Games, Video Gaming Technologies (VGT), WMS Gaming and Shuffle Master.

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IGT believes in US online poker, InsidePokerBusiness

IGT believes in US online poker, InsidePokerBusiness | Poker & eGaming News | Scoop.it

When US-technology firm IGT bought Swedish poker network Entraction for $114 million it raised more than a few eyebrows in the poker industry. This was a major US technology firm entering into the online poker space in a very visible way. There could only be one conclusion. They knew something: online poker legislation was on its way soon.

 

But that is to diminish the potential for growing what was previously known as the Entraction Network, and is now known as IGT Poker, in Europe. IGT Poker is currently the 13th largest poker network on PokerScout, but as Peter Laverick, director of marketing at IGT Interactive, notes it has a huge amount of growth potential if it can target some of its rivals big clients.

 

Nonetheless it's the US market that remains the biggest opportunity. With IGT having close relationships with many US casino groups it is well placed to cash in on any regulation stateside.

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