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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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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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Lottomatica interactive quadruple revenues, Tom Victor

Lottomatica interactive quadruple revenues, Tom Victor | Poker & eGaming News | Scoop.it

Lottomatica quadruple the online revenues from €117.4m to €589.9m year-on-year, "was primarily attributable to the launch of new games including Poker Cash games and Casino games, which commenced in the second half of 2011".

 

Online lottery sales also progressed well following December's Wire Act clarification in the United States, with Illinois – where subsidiary Northstar Lottery Group has started its operation.

 

Overall group revenues were up 11.1% compared to Q1 2011, coming in at €780.3m for the quarter. The biggest area of growth was GTECH lottery, where revenues were up 25.3% year-on-year to €237.5m.

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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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Lottomatica profits soar in Q1 as revenue growth continues, Gaming Intelligence

Italy’s Lottomatica Group has reported an 11 per cent increase in revenues to a record €780.4m for the first quarter of 2012, following growth across all of the company’s business segments. Despite the difficult economic environment, total revenues from Italian operations increased by 5 per cent to €481.8m, with strong growth from the company’s machine gaming and interactive divisions offsetting lower revenues from lottery and sports betting.

 

Q1 Italian Operations

Euros (€) Q1 2011 Q1 2012
Lottery 221m 206m
Machine gaming 136m 169m
Sports betting 59m 48m
Commercial Services 29m 33m
Interactive 15m 26m

TOTAL 459.9m 481.8m

 

Q1 Revenues

Euros (€) Q1 2011 Q1 2012
Italian Operations 459.9m 481.8m
GTECH Lottery 189.5m 237.5m
SPIELO International 67.9m 69.2m
Subtotal 717.3m 788.5m
Eliminations/Other (15.2m) (8.2m)

TOTAL 702.1m 780.3m

 

Q1 Results

Euros (€) Q1 2011 Q1 2012
Revenues 702.1m 780.3m
Total Costs 549.4m 610.7m
Operating Income 152.7m 169.5m
Net Income 36.0m 71.5m
EPS 0.13 0.33

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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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