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Industry news about online real-money gambling
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Interview: Lou Castle, Shuffle Master, t.washington at eGR North America

Interview: Lou Castle, Shuffle Master, t.washington at eGR North America | Poker & eGaming News | Scoop.it

Shuffle Master’s automatic card shufflers and table games are popular all over the world, but a move into online gaming takes the company well out of its comfort zone. eGR NA talks to former Zynga VP of studios and now Shuffle Master’s chief strategy officer, Louis Castle, the man charged with guiding the business in the right direction.

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Instant Action, interview with Lou Castle in iGaming Business

Instant Action, interview with Lou Castle in iGaming Business | Poker & eGaming News | Scoop.it

In March, Las Vegas firm Shuffle Master agreed to buy the Ongame Network from bwin.party for €19.5 million. The purchase was intriguing with Shuffle Master joining the growing ranks of US companies gearing up for regulation with a further €10m payment due to bwin.party if and when the US doors open to regulation. One of the key men overseeing the deal is Shuffle Master's chief strategy officer Lou Castle.

 

If Castle's name seems familiar, it could be because he co-founded video game developer Westwood Studios, which created the legendary Command and Conquer series and sold over 10 million copies worldwide. In this exclusive interview he looks at the current online poker industry and suggests how it may be in need of radical change. You can read the full interview in the lastest issue of InsidePoker Business.

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Shuffle Master Deals Wall Street Strong Hand In Q1, Marilyn Much

Shuffle Master Deals Wall Street Strong Hand In Q1, Marilyn Much | Poker & eGaming News | Scoop.it

Shuffle Master also announced a deal last month that would give it a foothold in the fast-growing online poker market. The company signed a pact to buy Ongame Network from bwin.party Services. It paid $25.7 million cash, plus a possible additional $13.2 million within five years, contingent on the legalization of real-money online poker games in the U.S.

 

Ongame, based in Stockholm, Sweden, is an online business-to-business poker network. It's one of the world's largest poker providers to online gaming operators. The acquisition could be a game changer for Shuffle Master, which leases, licenses and sells everything from card shufflers and chip sorters to slot machines and electronic versions of table games.

 

"This provides us with a way to participate in the European iGaming market," said Boguslawski. "Given our many licenses, the potentially larger opportunity for us is in the U.S., where we believe it's only a matter of time when, not if, online poker and other forms of online gaming are legalized."

 

Shuffle Master plans to capitalize on regulated online gaming purely as a business-to-business provider and not as a provider of content directly to consumers.

"The way we want to compete online is to offer services and products to online casinos," said Boguslawski.

 

"As for acquisitions, we continue to look for strategic intellectual property that we can easily tuck into our portfolio," said Boguslawski. "Intellectual property is our lifeblood."

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Shuffle Master Is "All In" For Online Poker, David Saito-Chung

Shuffle Master Is "All In" For Online Poker, David Saito-Chung | Poker & eGaming News | Scoop.it

In March, Shuffle also signaled it's "all in" for online poker. It agreed to an all-cash buyout of Sweden's Ongame Network, which provides poker systems to online gaming operators.

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Unibet Pulls Out of Spain, Will Transfer Players to PAF, Nick Jones Pokerfuse

Unibet Pulls Out of Spain, Will Transfer Players to PAF, Nick Jones Pokerfuse | Poker & eGaming News | Scoop.it

Another big online gaming brand Unibet, that operates an online poker room on Microgaming internationally and in France, is withdrawing from the Spanish market. The move comes in advance of pending legislation in the country that will regulate online poker and other online gaming.

 

However, a deal has been struck with PAF—who runs a poker room on the Ongame as well as the GTECH G2/Boss Media platform—to offer online gaming services to Unibet customers once the belated Spanish online gaming licenses are finally issued.

 

At least 40 operators thought to be hopeful applicants, including all the major players: PokerStars, PartyPoker, iPoker, Ongame and GTECH G2 are all touted to be on the list. Microgaming will be present at least with Ladbrokes, who extended their existing agreement with the software provider to bring poker to Spain when it goes live.

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Gaming stocks gain for fourth straight month - Casino City Times

Roth Capital Partners gaming analyst Todd Eilers said Shuffle Master Inc., which saw its average daily stock price jump by 2 percent in April, is also hoping to crack the Internet gaming market through its recent acquisition of the Ongame poker network.

 

Eilers said Shuffle Master is close to announcing several online poker contracts with U.S. casino operators. The deals could position Shuffle Master to capitalize if Congress legalizes Internet poker.

 

"At this point we believe federal legislation is unlikely," Eilers said. "We also believe the pace of new U.S. jurisdictions legalizing online poker will be slow with only Nevada and possibly New Jersey introducing by 2013."

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