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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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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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Schleswig-Holstein to “quickly” join Interstate Treaty, Stephen Carter at CasinoChoice

Schleswig-Holstein to “quickly” join Interstate Treaty, Stephen Carter at CasinoChoice | Poker & eGaming News | Scoop.it

The breakaway German federal state of Schleswig-Holstein is to abolish its own gambling law and join the new Interstate Gambling Treaty recently ratified by the other 15 Länder, it confirmed Tuesday.

 

Germany’s northernmost state recently issued seven online sports betting licences to companies including bet365, Betfair and bwin under the Gambling Act passed by the previous government. However, the new SPD-led Cabinet announced in Kiel this week that Schleswig-Holstein (SH) would join the restrictive new common gambling treaty that came into force on 1 July, confirming the intent first outlined in its manifesto shortly after coming to power.

 

Germany’s new Interstate Treaty replaces the state monopoly on online sports betting with the issue of up to 20 licences to private operators, came into force on 1 July, alongside a prohibitive 5% turnover tax on sports bets and a continued ban on online poker and casino.

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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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PartyPoker eliminates high stakes games after sharp decrease, Pokerfuse

PartyPoker eliminates high stakes games after sharp decrease, Pokerfuse | Poker & eGaming News | Scoop.it

In an unexpected move, PartyPoker eliminated all of its cash game offerings above 5/10 no limit and pot limit games, and above 30/60 in fixed limit games.

 

"We believe this change will improve the action at our tables and is in the best interest of the poker room as a whole."

 

According to the latest figures from PokerScout, cash games action at PartyPoker is down a staggering 50% compared to the same time last year. This is compared to 35% at iPoker, 22% at Ongame and 12% at PokerStars. Across all sites cash game activity is down only 16%.

 

Other sources:

http://www.pocketfives.com/articles/partypoker-traffic-unchanged-after-removal-high-stakes-cash-games-587623/

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6 potential purchasers wants to buy Ongame, InsidePokerBusiness

6 potential purchasers wants to buy Ongame, InsidePokerBusiness | Poker & eGaming News | Scoop.it

bwin.party confirms that it is pushing ahead with the sale of its Ongame subsidiary, despite the withdrawl of US-firm Shuffle Master from its proposed €19.5 million takeover deal.

 

Six potential purchasers have expressed an interest in acquiring Ongame, bwin.party said.

 

Other sources:

http://www.trefis.com/stock/znga/articles/131328/zynga-is-looking-to-buy-ongame-poker-network/2012-07-10

http://www.gamingintelligence.com/premium-news-and-archive/16690-blog-the-ongoing-saga-of-ongame-takes-a-twist-or-two

 

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Sports betting slump hinders Italian recovery, Stephen Carter at Casino Choice

Sports betting slump hinders Italian recovery, Stephen Carter at Casino Choice | Poker & eGaming News | Scoop.it

Revenue from gambling on poker, casino, bingo and sports and other products in Italy’s ringfenced online market fell 15% month-over-month during May to €57.5m, from €67.7m the previous month, due mainly to a massive fall in gross gaming revenue (GGR) from fixed-odds sports betting.

 

Hindered by a turnover tax and narrower choice of markets than those on offer from offshore sites, fixed odds sports revenue fell 56% month-over-month to €7.9m, from €18m in April. The regulator will soon allow licensed operators to offer bets on a wider range of events, as well as virtual bets and exchange betting, in an effort to boost the attractiveness of betting on regulated sites for Italian punters.

 

Casino table games – leading operators**

Lottomatica – 25.6% (25.7%)
bwin.party – 11.5% (10.7%)
Sisal – 8.5% (10%)
Snai – 8% (8.8%)
Winga – 7% (7.4%)
William Hill – 6.8% (7.7%)
(888 – 6.5%)

 

Bingo – leading operators**

bwin.party (including GiocoDigitale.it) – 25.5% (25%)
Lottomatica – 17.7% (18.2%)
Tombola – 11.1% (10.84%)
Sisal – 9.7% (10.54%)
Snai – 7.9% (7.65%)
(William Hill 1.11%)

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Speculations why Shuffle Master backs out of Ongame deal, Stephen Carter at CasinoChoice

Speculations why Shuffle Master backs out of Ongame deal, Stephen Carter at CasinoChoice | Poker & eGaming News | Scoop.it

http://www.businessweek.com/ap/2012-06-27/shuffle-master-drops-plans-to-buy-ongame-network
Shares of Las Vegas-based Shuffle Master fell 72 cents, or 5.4 percent, to $12.62 by midday.

 

This change of heart before the deal was announced in March did not however prevent Shuffle Master from going on to announce B2B deals this month to provide the Ongame poker technology to slot machine manufacturers Bally Technologies and Aristocrat, suggesting there may be reasons other than the challenging European poker climate for the collapse of the deal.

 

Shuffle Master earlier his month launched a trademark and copy infringement action against US mobile developer Avalinx over the latter producing copycat versions of Shuffle Master’s Let It Ride and Three Card Poker games, versions of which appear on bwin.party’s websites without acknowledgement of Shuffle Master’s copyrights and trademarks, according to Pokerfuse, hinting at a potential dispute between the two companies.

 

Other third parties understood by Casino Choice to have previously expressed an interest in buying Ongame included Canadian software provider Amaya, that recently acquired casino software businesses Chartwell and CryptoLogic.

 

Other sources:

http://www.vegasinc.com/news/2012/jun/27/shuffle-master-folds-plan-buy-internet-poker-compa/

 

“When we signed the definitive (purchase) agreement in February, we believed that general market conditions and Ongame’s sales pipeline supported the purchase being neutral or modestly accretive to the company’s EBITDA (earnings before interest, taxes, depreciation and amortization). Business conditions in Europe have deteriorated since February and as a result, it has become evident to us that Ongame’s operations post-acquisition will not achieve the near-term results we initially expected and will require a larger ongoing investment than anticipated. Although we believe in its eventuality, there is also uncertainty surrounding the timing of legalization and the rollout of online poker in the U.S. at both the state and federal levels,” Shuffle Master CEO Gavin Isaacs said in a statement today.

 

Shufffle Master Chief Strategy Officer Louis Castle said the company is investing in its own gaming content platforms and “is considering other options for providing a business-to-business online poker product consistent with our other online offerings for web, social media and mobile applications.”

 

Other sources:

http://www.g3newswire.com/us-shuffle-master-folds-ongame-poker-deal/

http://ir.shufflemaster.com/Investors/News-and-Press/Press-Releases/Press-Release-Details/2012/Shuffle-Master-Announces-Decision-Not-to-Proceed-With-Ongame-Network-Acquisition1130019/default.aspx

http://www.insidepokerbusiness.co.uk/poker/news/1306/shuffle-masters-pulls-out-of-ongame-deal.html

http://pokerfuse.com/features/comment-analysis/shuffle-masters-dumping-ongame-acquisition-reflects-political-reality/

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bwin.party loses court case over Belgium blacklist, CasinoChoice

bwin.party loses court case over Belgium blacklist, CasinoChoice | Poker & eGaming News | Scoop.it

Bwin.party lost its appeal against its inclusion on Belgium’s egaming blacklist after a Brussels court found that its request had “no legal merit”. The operator had initially sought damages of €300,000 for each day bwin.com was included on the blacklist, however Belgian authorities launched a counter claim two weeks ago calling for an equivalent amount to be paid by the operator for each day it continued its illegal activities in the jurisdiction.

 

Other sources:

http://www.gamblingcompliance.com/node/49354 http://www.gamingintelligence.com/legal/16415-belgian-court-rules-against-bwinparty-in-blacklist-case

 

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SPANISH: Pokerstars and 888 dominates Spanish cash games, Pokerfuse

SPANISH: Pokerstars and 888 dominates Spanish cash games, Pokerfuse | Poker & eGaming News | Scoop.it

According to a small preliminary study:

- Pokerstars; 67%

- 888: 25%

- PartyPoker: 5%

- Bet365/iPoker: 3%

- Paf/Ongame: 0%

- LBapuestas/Microgaming: 0%

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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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Netherlands moves towards Danish regulatory model, Gaming Intelligence

Plans to introduce a licensing regime for online gaming operators in the Netherlands are slowly taking shape, with the Danish system appearing the more likely model to follow after the Justice Ministry concedes that the Belgian model could prove vulnerable under EU law.

 

In September 2011, Boston Consulting Group issued a report at the request of Teeven, outlining two possible scenarios for a regulated market. The first follows the Belgian model of issuing a limited number of licenses to land-based gaming operators who would also offer games online, while the second follows the more open model employed in Denmark and the German state of Schleswig-Holstein.

 

“In the first place, a restriction on the number of operators is unnecessary from the point of view of consumer protection and prevention of gambling addiction,” states Teeven. “By imposing strict requirements, at least the same level of protection can be attained. The location of servers in our country is also not necessary in order to facilitate strict monitoring.”

 

Operators no longer offering their sites in Dutch include bwin.party, Betfair, Bet365 and Ladbrokes, while many more continue to offer gaming in Dutch.

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Real online gambling and social network casino games are on a collision course, VentureBeat

Real online gambling and social network casino games are on a collision course, VentureBeat | Poker & eGaming News | Scoop.it

The huge opportunity has stirred a lot of mergers and acquisitions between social gaming companies and online gambling companies, as both parties think about invading the other’s territory. Earlier this year, gambling company IGT acquired Double Down Interactive, a 70-person casino game developer, for $500 million.

 

Jim Ryan (pictured top right), co-chief executive of Bwin.party Digital Entertainment, said of the online gambling companies, “As an industry we have missed the ball. Bingo is easy. That is the one and only social game that our industry has gotten right.” He noted that social game companies such as Zynga have amassed huge audiences in the meantime.

 

Malcolm Graham (pictured top left), chief executive of online gambling firm PKR, agreed. He said, “We have all missed the opportunity to build tournament-style gambling games (for no real-money betting) on Facebook. But in the next 12 months to 18 months, our gambling industry will move onto Facebook.”

 

The complexities of dealing with the regulations are massive. Ryan said that getting a license to operate an online gambling site in just one location can be huge. He expects that a license to operate online gambling in California, once the state legalizes it, will be about $30 million.

 

But the rewards can be equally sizable, given the numbers of users who play online casual non-betting casino games on social networks. Those people are potential clients who could be converted to real-money online gambling for the casinos. Land-based casinos have licenses that permit them to offer real-money gambling, but they often lack the precise data that online casual non-betting casino game companies have. By getting together, these companies could engage in some pretty serious cross-marketing.

 

When you think about it, Zynga’s customers typically generate a few dollars a month in revenue, and only about 2 percent to 3 percent of its users pay for items in the company’s free-to-play games. Real-money gambling sites, on the other hand, are heavily regulated, but their users will often spend $100 in a month.

 

Other sources:

http://www.infiniteedgegaming.com/business-development/closing-the-gap-between-gambling-and-gaming/

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bwin.party actual revenues up 50% due to merger

Pro forma total revenue up 3% to €410.0m with growth in casino & games and sports partially offset by a decline in poker. Actual total revenue up 50% to €410.0m driven primarily by the Merger*

 

Pro forma Clean EBITDA from Continuing operations up 13% to €92.3m due to revenue growth and synergies, partly offset by increased gaming duties from locally regulated markets. Actual Clean EBITDA from Continuing operations up 81% to €92.3m primarily due to the Merger.

 

Poker is a key area of focus and we are determined to return it to growth through execution of a detailed plan that includes pooling our poker liquidity as well as repositioning our flagship PartyPoker brand. We expect both initiatives to have a positive impact on our performance, along with our recently launched FastForward Poker product.

 

Other sources:

http://www.casinochoice.co.uk/2012/08/31/bwin-party-focuses-on-poker-growth/

http://www.gamblingcompliance.com/node/49894

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William Hill and Ladbrokes pull plug on German market, Daniel Macadam, GamblingCompliance

William Hill, the UK’s largest bookmaker, confirmed last week it had pulled out of the German sports betting market, joining rivals such as Asian powerhouse 188Bet.

 

Operators have to grapple with a 5 percent turnover tax on betting, one of the highest in Europe, after Germany’s Bundestag approved the rate in June. There are also strict controls on advertising, customer spending and in-play betting, an increasingly integral product for online bookmakers, under the new Interstate Treaty on Gambling passed by 15 of Germany’s 16 regions.

 

One operator that cannot afford to pull out of the market is Bwin.Party, the world’s largest publicly listed online gambling company. Analysts have predicted a dent of up to €50m in Bwin.Party earnings from the new German regulations, and co-chief executive Norbert Teufelberger admitted at WGES there was “a long road ahead”. Still, Teufelberger insisted they could make money under the new laws.

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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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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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Ongame enters the casino market with side games integrated within the poker client

Ongame enters the casino market with side games integrated within the poker client | Poker & eGaming News | Scoop.it

Ongame is entering the casino market and today is announcing the first implementation of casino side games within the poker client for all players using the Paf poker client. Casino side games within the poker client enable poker players to enjoy casino games while playing poker. The casino games are part of the casino offering provided by Jadestone – a WMS company.

 

The first operator to offer side games within the poker client is Paf. The non-intrusive implementation of side games is designed to increase total operator revenues without cannibalizing on poker. In addition, side games also enable the promotion of other gaming products to poker players, which increases long-term player loyalty for the operator brand.

 

“We are happy to finally offer side games within our poker client,” says Arvid Klingström, Head of Poker at Paf. “For us at Paf, with our focus mainly on recreational players, this is a natural step to expand our offering towards our poker players and to cross promote poker and casino. The packaging of the games is great and the look-and-feel really fits Paf."

 

“Jadestone’s side games offering is perfectly suited for implementation within the Ongame poker client,” says Robert Henrysson, CEO at Jadestone. “With the help of Ongame we are able to offer exciting casino games to poker players without making it hard for the operator to implement. This is a new way for us to distribute content, and through the recent acquisition of Jadestone by WMS, we may ultimately look to provide WMS award-winning portfolio in a similar manner.”

 

“Entering the casino market is a strategic step for Ongame,” says Peter Bertilsson, Managing Director of Ongame. “Ongame’s excellence within poker and our long-term relations with our operators puts us in a unique position to offer an improved player experience and increased profits for our partners.”

 

The global online casino market (estimated to be worth €6.4bn) is approximately twice as large as the global poker market (€3.2bn), according to H2 Gambling Capital (February 2012).

 

Other sources:

http://www.gamingintelligence.com/marketing/16847-alands-paf-launches-ongames-first-casino-side-games

http://www.egrmagazine.com/news/ongame_enters_casino_market_

http://www.reviewed-casinos.com/news/first-ongame-casino-games-launched.html

http://www.g3newswire.com/aland-paf-becomes-first-offer-blackjack-poker/

http://www.recentpoker.com/news/first-ongame-casino-7909.html

http://www.innovategaming.com/2012/07/ongame-launches-casino-side-games-jadestone/

http://www.masterspokerclub.com/casino-side-games-return-to-ongame-n69

http://www.igamingbusiness.com/content/ongame-enters-casino-market-jadestone

http://gamingzion.com/gamblingnews/ongame-poker-members-in-sweden-can-already-enjoy-side-casino-games-2853

http://www.casinoscamreport.com/2012/07/17/ongames-offering-casino-side-games-in-paf-poker-software/

http://www.gamblinginsider.com/news.php?newsID=148

http://gamblingupdate.blogspot.fr/2012/07/alands-paf-launches-ongames-first.html

http://www.gamblingkingz.com/news/2012/07/19/ongame-launches-new-casino-side-games.asp

http://www.yogonet.com/english/2012/07/19/ongame-enters-casino-market-together-with-jadestone-wms

http://www.adi-news.com/ongame-is-in-play-for-purchase/214240/

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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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German betting tax would cost bwin.party 50 MEUR, David Altaner GamblingCompliance

German betting tax would cost bwin.party 50 MEUR, David Altaner GamblingCompliance | Poker & eGaming News | Scoop.it

Germany’s parliament is poised to pass a draft online sports betting bill today or tomorrow that would tax turnover and which could cost Bwin.Party Digital Entertainment €50m (£40m). The proposed bill, cleared by the Bundestag’s Finance Committee yesterday, would set a country-wide tax rate of 5 percent on sports bets and a limit of 20 licences.

 

The tax, which would take effect on July 1, would have a “material impact" on both Bwin.Party and the UK’s Betfair. UK bookmaker William Hill could lose less than 1.5 percent of earnings, and the bill would have a negligible effect on rivals Paddy Power and Ladbrokes.

 

http://www.gamblingcompliance.com/node/49460

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Negotiations with new potential buyer of Ongame have started, bwin.party

Negotiations with new potential buyer of Ongame have started, bwin.party | Poker & eGaming News | Scoop.it

bwin.party is re-engaging with other third parties that have expressed an interest in acquiring Ongame. bwin.party will make a further announcement as and when appropriate.

 

bwin.party digital entertainment plc (BPTY.L: News ) said that the company and Shuffle Master (SHFL: News ) have mutually agreed not to proceed with the proposed transaction. This decision is further to the announcement on March 6, 2012 regarding the proposed sale of the group's Ongame poker network to Shuffle Master.

 

The sale of surplus assets, including Ongame, remains a core part of bwin.party's strategy.

 

Other sources:

http://www.gamingintelligence.com/premium-news-and-archive/16565-shuffle-in-surprise-withdrawal-from-ongame-purchase

 

A spokesperson for bwin.party said that Shuffle's withdrawal was over concerns on the general economic climate in Europe.

 

The company had entered into a definitive agreement to purchase the Ongame poker network back in March of this year for a total consideration of up to €29.5m, enabling it to keep up with rival US gaming suppliers who have also recently made moves to position themselves ahead of any opening of the US online gaming market.

 

Earlier this month it was selected by Bally and Aristocrat as one of their preferred poker solutions as part of their B2B online gaming solutions for US operators. It remains unclear at this time what Shuffle’s online gaming strategy will now rely upon.

 

Other sources:

http://www.bwinparty.com/Investors/FinancialNews/2012/120627%20Shuffle%20Master%20withdraws%20from%20Ongame%20purchase.aspx

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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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Belgium counters bwin.party 300 000 EUR per day claim, Tom Victor EGR Magazine

Belgium counters bwin.party 300 000 EUR per day claim, Tom Victor EGR Magazine | Poker & eGaming News | Scoop.it

Belgian authorities have issued a counter-claim against bwin.party after the operator sought damages over its bwin brand’s inclusion on the country’s egaming blacklist.

 

The Belgian blacklist now contains 30 names, more than the number of operators licensed to offer online gambling in the country. Earlier additions to the list include 888 and Winamax. Bwin is the only blacklisted operator to have launched legal proceedings against the country’s authorities in pursuit of €300,000 for every day it remained on the list.

 

Other sources:

http://www.gamblingcompliance.com/node/49258

http://gamingzion.com/gamblingnews/bwin-party-sues-belgian-gaming-commission-in-brussels-court-2762

http://www.gaming-awards.com/NEWS/archives/10223

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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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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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