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William Hill is leaving Playtech?, iGaming Post

William Hill is leaving Playtech?, iGaming Post | Poker & eGaming News | Scoop.it

William Hill came a step closer to buying out its online joint venture partner Playtech after formally triggering a valuation process for William Hill Online. The move is part of its right to exercise a call option over Playtech’s 29% stake in the business.

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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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Playtech earnings +64%, poker revenues -9%, David Altaner GamblingCompliance

Software supplier Playtech adjusted EBITDA rose 64 percent in the first half as casino sales rose and its PT Turnkey Services acquisition performed better than expected.

 

The earnings before interest, tax, depreciation and amortisation rose to €91.2m (£72.3m), helped by new contracts for marketing service PTTS in places such as Asia.

 

Playtech revenue doubled to €153.8m over the same period a year earlier, the Isle of Man-based gambling software services company said today.

 

Casino sales gained 36 percent to €71.5m, while poker declined 9 percent to €9.7m. Bingo revenue gained 24 percent to €8.8m as the company added a bingo jackpot.

 

Other sources:

http://www.cardplayer.com/poker-news/13972-playtech-s-poker-revenue-falls-nine-percent

http://www.igamingbusiness.com/content/triple-digit-growth-playtech

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William Hill poker revenue down 7%, CardPlayer Europe

William Hill poker revenue down 7%, CardPlayer Europe | Poker & eGaming News | Scoop.it

William Hill Plc, the company which owns the majority share of William Hill Online where the minority share is owned by Playtech, has announced a drop in poker revenue of seven percent in the first half of 2012.

 

Overall the William Hill Online had a strong first half of 2012 with net revenue expanding 30 percent, operating profit up 23 percent.

 

Online sportsbook preformed particularly well with amounts wagered higher by 33 percent in the first six months of 2012 and now 220 percent up in the last three years.

 

Other sources: 

http://www.casinochoice.co.uk/2012/07/27/mobile-drives-stellar-online-growth-for-william-hill/

http://www.g3newswire.com/uk-double-digit-growth-william-hill/

http://www.onlinepoker.net/poker-news/poker-stocks-financials/william-hill-q2-profits-15-1179m/16174

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Churchill Downs applies for Nevada online poker license, Charles Rettmuller PokerUpdate

Churchill Downs applies for Nevada online poker license, Charles Rettmuller PokerUpdate | Poker & eGaming News | Scoop.it

A bit late out of the starting gate but not too many lengths behind, Churchill Downs Inc., the owners of the famed Kentucy racetrack that hosts the Kentucky Derby, have applied for an online poker license with the Nevada Gaming Control Board.

 

Through twinspires.com, the company offers advance-deposit online wagering for its many racetracks, which include Harlow's Casino Resort & Hotel in Greenville, Mississippi, Calder Casino & Race Course in Miami Gardens, Florida, Arlington Park racetrack in Arlington Heights, Illinois, and Fair Grounds Race Course & Slots in New Orleans, Louisiana. Twinspires also accepts bets on races from tracks throughout the country.

 

In 2010, Churchill Downs purchased Youbet.com and melded it into its twinspires website. In February of this year, the company bought Bluff Media, which focuses on poker-related content that includes BluffMagazine.com, as well as BluffPoker.com and Bluff.com. Known as the largest Internet horse-racing company in the United States, Churchill Downs is looking to expand its operations into online poker and has been “spending lots of time focusing on poker and egaming,” said Ted Gay, the company's chief strategy officer.

 

Churchill Downs is reportedly negotiating with several providers, such as Ongame and Playtech, in anticipation of rolling out its own online poker network.

 

So far in Nevada, gaming regulators have approved licenses for Bally Technologies and International Game Technology to provide interactive online gaming. Shuffle Master has received preliminary approval and is expected to be formally licensed later this month.

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iPoker follows Ongame and creates a second premium network, Jamie Nevin PokerUpdates

iPoker has decided to extend the network policy to include specific quality standards. Failing to meet any of these standards will cause a separation of the card room from the network main liquidity pool.

 

Performance criteria:

- Minimum volume of 6,000 active real money players.

- A real money player is defined as one that generates more than $1 in rake.

- Required to inject 850 monthly new active real money players.

- Financial penalties for Win/Loss and Shark/Fish ratio.

 

Other sources:

http://pokerupdate.com/news/networks-and-rooms/the-truth-about-ipoker-2/

http://pokerfuse.com/news/poker-room-news/ipoker-clarifies-details-its-segregation-policy/

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Playtech starts to resell unknown social games B2B, Gaming Intelligence

Playtech has signed an agreement to offer social gaming B2B using "Skywind", a company owned by the Playtech main owner Teddy Sagi. Playtech will get 80% of the B2B revenue share after paying a 6MEUR yearly fee. Skywind is unknown in the social gaming world and has no public website. According to Playtech is 150 developers working within the "Skywind" company.

 

Other sources:

http://www.innovategaming.com/2012/06/playtech-pushes-b2b-social-gaming/

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Bally first in Nevada, Playtech is shut out, Gambling911

Bally first in Nevada, Playtech is shut out, Gambling911 | Poker & eGaming News | Scoop.it

Bally Technologies, which earlier in the year partnered up with France online poker venture Chili Gaming, has been granted recommendation to get the first license to operate a Web poker site by the state of Nevada. Approval will be made June 21. For now the fee is $125,000 but could be reduced at a later date. Bally will not be permitted to accept players from outside the state of Nevada at this time.

 

William Hill’s affiliation with online poker software giant, Playtech/iPoker has made entry into Nevada impossible despite leaving Australia and acquiring American Wagering, Brandywine Gaming and Cal-Neva sports wagering businesses.

Playtech founder, Teddy Sagi, was once charged with bribery and fraud in 1996. He served nine months in prison.

 

The Nevada Gaming Control Board is scheduled to review application of IGT on Thursday June 7.

 

Other sources:

http://pokerfuse.com/news/law-and-regulation/nevada-on-schedule-to-issue-igaming-licenses/

http://www.gamingintelligence.com/legal/16309-bally-takes-the-lead-in-nevada-igaming-race

http://www.gaming-awards.com/NEWS/archives/10343

http://www.gamblingcompliance.com/node/49304

http://pokerupdate.com/news/law-and-legislation/nevada-oks-first-internet-poker-license/

http://www.innovategaming.com/2012/06/bally-track-online-gaming-license/

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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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Poker down at Playtech, InsidePokerBusiness

Poker down at Playtech, InsidePokerBusiness | Poker & eGaming News | Scoop.it

Poker revenues at software firm Playtech revenues fell 6% to €5.3 million (down 3% year-on-year) despite its iPoker network maintaining its position as the second largest poker site.

 

Total revenues at Playtech were up 104% to €5.1 million, and up 8% on Q4/11 with casino continuing to be an impressive performer rising 35% against Q4 2011 to €34.5 million. The next largest component of revenue was from Playtech's services division, which contributed €25.7 million.

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Playtech buys Viaden/CTXM for 95 MEUR, Robin Harrisson EGR Magazine

Playtech buys Viaden/CTXM for 95 MEUR, Robin Harrisson EGR Magazine | Poker & eGaming News | Scoop.it

Playtech acquires CTXM and invests in 20% of social casino and mobile business Viaden both from Playtech founder Teddy Sagi – companies will focus on social gaming rather than real-money products.

 

eGR also understands that Playtech has acquired a stake in Zeda Poker, a B2C social site “powered by Viaden Gaming.”

Slots Farm, which currently has around 1.4m monthly active users according to AppData, was launched on CTXM’s Gaming OS platform in August last year.


As a result of the acquisitions both Viaden and CTXM will now shift their focus from developing real-money gaming products to concentrating on social and mobile development.

The software for Soda Poker is almost identical in appearance to Calshark, the free-play dot.com poker site launched by the California Online Poker Association (COPA) in October last year, which went live with software provided by Playtech and “supported by” SciPlay, the joint venture company formed in January 2010 between Playtech and Scientific Games.

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PartyPoker's FastForward Falling Short of PokerStars' Zoom Poker

PartyPoker's FastForward Falling Short of PokerStars' Zoom Poker | Poker & eGaming News | Scoop.it

In recent days, PartyPoker's network, which includes sites like WPT Poker, rolled out FastForward, a fast-play option that's similar to Zoom Poker on PokerStars and Rush Poker on the old Full Tilt. According to PartyPoker's website, "You don't even have to wait for the action to hit you; if you don't want to play a hand, just hit the 'Forward Fold' button and you'll instantly be dealt into a new hand. Players at your table won't even know you have folded until it's your turn to act."

According to a recent update from PokerScout, which tracks cash game volume across the major online poker sites, FastForward's popularity has fallen well short of Zoom Poker. PokerScout officials explained the sizable discrepancy: "Although the data is preliminary, FastForward has thus far failed to attract players to the same extent as Zoom Poker on PokerStars. At PartyPoker, 8% to 9% of real money ring game players are in fast-fold games. In contrast, PokerStars had some 25% of players in fast-fold games after the launch in March."

In a March update from PokerScout shortly after Zoom Poker was unveiled, real money ring game traffic on PartyPoker, iPoker, Ongame, and Microgaming all sank by 5%. Where did the players go? PokerStars, of course, which saw its cash game traffic tick up 3% likely due to Zoom Poker.

 

Other sources:

http://www.pokerlistings.com/party-poker-launches-speedy-fastforward-poker-14436

 

Unique to Party Poker is the option to play heads-up FastForward, which is quite possibly the fastest poker game on earth.

 

Full Tilt Poker was originally the first site to the market with its Rush Poker in 2010 but now most major sites offer the variant including Zoom Poker on PokerStars and Speed Poker on Titan Poker.

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Playtech proves 80-20 rule ahead of iPoker split, Stephen Carter CasinoChoice

Playtech’s announcement it generated 79% of its revenues from its 15 most valuable clients in the first half of 2012, up from 72% a year earlier, coincides with the imminent segregation of operators’ players on its iPoker network into two groups based on a network performance scoring mechanism. Top-tier Playtech client Paddy Power yesterday welcomed the new policy, scheduled to come into force this month, commenting that it “should offer a better playing experience for our customers.” Playtech’s poker revenues were down 9% to €9.7m in the six months to 30 June.

 

Playtech credited the increased concentration of its business among its 15 largest licensees to “acquisitions and an overlap between customers of the acquired businesses and existing licensees.”

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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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Zynga taking bids for online poker platform, Legal Poker Sites

Zynga taking bids for online poker platform, Legal Poker Sites | Poker & eGaming News | Scoop.it

According to the eGR article, GTECH G2 and Playtech are the two major companies confirmed to have bid on providing the site to the largest social media poker site in the world. In addition, sources close to eGR say that Microgaming and Intralot have bids in for the platform.

 

The movement to a real money online poker platform has been in the works for a while now many feel that a $404 Million loss in 2011 expedited the company’s plans. Zynga has the largest mobile gaming network at 22 Million players and it is currently the highest-grossing game on iOS and Android.

 

This move is a bit interesting considering the fact that Zynga is reportedly the lead company interested in purchasing the Ongame Network from bwin.party. Should the platform successfully become the property of Zynga, the tender would seem unnecessary. Chances are that this tender is a backup plan should the Ongame negotiations fall through.

 

Other sources:

http://www.gambling911.com/poker/zynga-gets-bids-offer-%E2%80%98real-cash%E2%80%99-online-poker-072312.html

http://pokerfuse.com/features/in-depth/real-time-zynga-again-asserts-interest-real-money-gambling/

http://onlinepokerreport.com/zynga-another-online-poker-announcement/

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Italian cash poker stabilises as Stars, Microgame dominate

Italian cash poker stabilises as Stars, Microgame dominate | Poker & eGaming News | Scoop.it

Italy’s cash poker market showed signs of stabilisation in May following the substantial declines of previous months, according to the latest dataset from Italian regulator AAMS.

 

Gross gaming revenue (GGR) generated by the dot.it segregated player pool in May 2012 fell less than 1% month-over-month to €18m, compared to the 26% cumulative fall during the preceding three months.

 

Italy online poker market – May 2012 (% of GGR)*

Cash games – leading rooms

PokerStars.it – 26.3% (26%)
Lottomatica/Totosi.it – 14.2% (13.5%)
Gioco Digitale.it – 6.2% (6.3%)
Snai.it – 4.4% (4.4%)
Sisal.it – 3.4% (3.8%)

 

Cash games – leading networks**

Microgame/People’s Poker Network – 26.8% (26.4%)
Playtech – (including Snai, Sisal, Titan, Eurobet, Cogetech and others) – 13.1% (14%)
bwin.party (including Ongame sites) – 12.2% (12.7%)
Gioco Online Italia – 4.6% (4.4%)

 

Tournaments – leading rooms/networks**

PokerStars.it – 37.5% (39%)
Microgame/People’s Network – 22.6% (20.4%)
bwin.party (including Ongame sites) – 15.5% (14.5%)
Playtech – (including Snai, Sisal, Titan, Eurobet, Cogetech and others) – 12.7% (12.7%)
Lottomatica/Totosi.it – 11.2% (11.7%)

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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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Religious offended by Playtech online slot, GamblingZion

Religious offended by Playtech online slot, GamblingZion | Poker & eGaming News | Scoop.it

Hindus find it offensive that their revealed deities were used by Playtech to promote gambling.  The game is actually called Lakshmi Gold. It is a 5 reel, 25 payline game. Goddess Lakshmi is the bonus scatter and a chant to Lakshmi is delivered during free spins. In Hinduism, Lakshmi is the symbol of good luck. Moreover, other Hindu deity, Ganesh, is the wild scatter with a jackpot payout of 10,000 coins.

 

Imagine online poker sites featuring Jesus as a bonus or Saint Mary as a wild scatter. Or using Prophet Mohammad as a gambling card or online slot scatter.

 

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NTT Docomo buys Winga owner for £187m, Tom Victor EGR Magazine

NTT Docomo buys Winga owner for £187m, Tom Victor EGR Magazine | Poker & eGaming News | Scoop.it

Tokyo-listed mobile carrier NTT Docomo has issued a tender offer of ¥24bn (£187m) to acquire all shares of Winga.it owner Buongiorno.

 

Buongiorno is one of more than 60 companies to have applied for a licence to operate in the Spanish market, and could find out whether or not it has been successful as soon as 1 June following a recent announcement from the country’s egaming regulator.

 

Winga is using poker platform from Ongame and the casino platform from Playtech in both Italy and France.

 

The Winga.fr site launched in January 2011, while this year saw the company extend its French-facing offering to include poker.

 

As well as offering egaming under the Winga brand, mobile specialist Buongiorno offers music via the play.me brand and mobile payment services via cashlog.com.

 

According to TechCrunch, Buongiorno currently employs 848 people and in its last full-year results reported €228.6m in revenues and an operating profit of €7 million. NTT Docomo’s fourth-quarter results earlier this month revealed revenues of ¥69.3bn (£539m) for the three months ended 31 March.

 

Other sources:

http://www.gamingintelligence.com/manda/16026-japans-docomo-to-acquire-winga-owner-buongiorno-

 

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Just what sort of games is Playtech playing? Alistair Osborne Telegraph.co.uk

Just what sort of games is Playtech playing? Alistair Osborne Telegraph.co.uk | Poker & eGaming News | Scoop.it

Phone up chairman Roger Withers to discuss the gaming software group's latest strategic U-turn and he hangs up. "I'm not having this conversation with you, thank you very much, goodbye," was Wednesday's response to a requests for more information.

 

Withers says he is "not particularly impressed" with reporting about Playtech, a company 48pc-owned by Teddy Sagi, its Israeli founder. But with each new announcement, the same issues crop up: related-party transactions, transparency and governance. Just the sort of stuff that any company shooting for a main market listing has to get right.

 

No one is quibbling with Playtech's products or client list, which includes Bet365, Gala Coral and Sportingbet. But, in the City, even buyers of the stock – such as Peel Hunt analyst Nick Batram – admit "Playtech is not straightforward".

 

The main issue is not the fact that here is a company founded in Israel, incorporated in the British Virgin Islands, headquartered in the Isle of Man and operating mainly out of Estonia, Bulgaria, the Philippines and Israel. No, the key conundrum is Sagi.

 

Since March 2006's float, he has taken more than £500m out of the company, largely from selling businesses he owns back to the quoted group. That will rise if, as Playtech suggested on Wednesday, he pockets his earnout from March 2011's sale of PT Turnkey Services (PTTS), a clutch of gaming services businesses. That's almost half Playtech's £1.1bn value.

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Social gaming will never overtake egaming revenues, Robin Harrison EGR Magazine

Social gaming will never overtake egaming revenues, Robin Harrison EGR Magazine | Poker & eGaming News | Scoop.it

55% of those polled believe that social revenues will never overtake online gambling, despite huge growth in the sector. Many may have thought that Zynga’s dominance of the sector, coupled with rumours that the company was set to embark on an acquisition spree following the US$180m purchase of OMGPOP in March.

 

Despite operators like bwin.party announcing plans to invest in social, and today’s exclusive story announcing that Playtech have acquired CTXM and agreed to buy a stake in Viaden Gaming to develop social gaming products, only 12% of those polled believed that social investment was the way to drive business forward.

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