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February 25th Poker news ... The Place Where Poker Players Meet
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BIG ONLINE GAMBLING DEAL FOR NET ENTERTAINMENT
Swedish online gambling software provider Net Entertainment NE AB has inked a content agreement with UK focused Betfair, one of the worlds largest international online sports betting operators.
Founded in 1999, Betfair is a pioneer in online gaming holding gambling licenses in Gibraltar, Malta, Spain, Italy, the United States and Australia. Betfairs revenues amounted to GBP 387 million in 2013 and the company has more than 950,000 active customers.
This agreement will further strengthen NetEnts exposure on the UK market but also in other parts of Europe. said NetEnt's Malta md Bjrn Krantz Monday.
WILL TIGHTENING UP REGULATIONS PERSUADE CREDIT CARD COMPANIES TO COOPERATE? 2014-05-22
One of the main reasons for the slow growth of legalised online gambling in New Jersey - the refusal of some credit card companies to cooperate on deposits - is to be addressed with a new bill, says New Jersey Senator Jim Whelan.
Speaking at the East Coast Gaming Congress in Atlantic City Tuesday, Sen. Whelan said that New Jersey wants to subject companies that handle Internet gambling deposits and payments to stricter licensing requirements, in the hope it will make banks more willing to allow the use of credit cards to fund online betting accounts.
Whelan, a former Atlantic City mayor, said the bill will require payment processors to obtain a casino industry service license in place of the present requirement for an ancillary licence, which is easier to acquire.
UNIBET FLYING HIGH 2013-11-05
Swedish gambling firm Unibet Group plc presented impressive results in its interim report for the nine-month period January 1 to September 30, 2013.
The company reported mobile revenues representing 23 percent of gross winnings revenue for the third quarter compared to just 8 percent for the same period last year.
Key performance indicators for the third quarter ending September 30, 2013 include:
-Gross winnings revenue of GBP 56.1 million (Q3/2012: GBP 43.8 million)
-Profit from operations of GBP 9.2 million (Q3/2012: GBP 4.5 million)
-Profit before tax of GBP 9.2 million (Q3/2012: GBP 4.0 million)
-Profit after tax of GBP 8.2 million (Q3/2012: GBP 3.4 million)
-Earnings per share of GBP 0.292 million (Q3/2012: GBP 0.120 million)
-Operating cash flow before movements in working capital amounted to GBP 14.2 million (Q3/2012: GBP 8.7 million)
-Number of active customers was 453,753 million (Q3/2012: GBP 382,378 million).
Key performance indicators for the nine-month period of January 1 to September 30, 2013 include:
-Gross winnings revenue of GBP 169.5 million (9M/2012: GBP 140.3 million)
-Profit from operations of GBP 29.0 million (9M/2012: GBP 22.6 million)
-Profit before tax of GBP 27.9 million (9M/2012: GBP 22.1 million)
-Profit after tax of GBP 25.4 million (9M/2012: GBP 19.8 million)
-Earnings per share of GBP 0.908 million (9M/2012: GBP 0.710 million)
-Operating cash flow before movements in working capital of GBP 43.4 million (9M/2012: GBP 34.2 million)
Henrik Tjrnstrm, chief executive officer of Unibet said: "Unibet delivered 28 percent year on year growth in gross winnings revenue in the third quarter (22 percent excluding the impact of exchange rate changes million).
This was achieved despite the excellent summer weather in many of our key markets and high numbers of favourites winning. The growth was wholly organic and demonstrates continued increases in market share.
"It is also satisfying to report that underlying EBITDA for the third quarter increased in line with the growth in revenues, demonstrating improved scalability despite the significant investments Unibet has made in information mining, local regulation and in Kambi."
WAS BURGLAR PLAYING IN EVENT 1 AT THE WORLD SERIES OF POKER?2013-07-06
Piquing the interest of 2013 World Series of Poker observers this year was a report in the publication The Spokesman-Review that a player in event 1 of the Las Vegas tournament poker festival may have sourced his buy-in from an unconventional source - a $25,000 heist at the Lancer Lanes Casino in Clarkston, Washington.
The report names 27-year-old Troy Wilcoxon from Washington State, who finished 11th for $5,010 in an entry field of almost 900 players in event 1 of this years' WSOP - the $500 buy-in Casino Employees competition.
Wilcoxon and another defendant named James Nollette have been arrested and now face charges of burglary, theft and money laundering before the Asotin County Superior Court in Washington.
They stand accused of stealing over $25,000 in the Lancer Lanes Casino heist, which took place in the early hours of the morning on May 23. Wilkinson was an employee of the casino.
After the heist the duo drove south in a rented car to Las Vegas where they spent several days - possibly financed by their ill-gotten gains.
Investigators from the Clarkston Police Department and the Spokane office of the Washington state Gambling Commission are handling the case, and this week Detective Richard Muszynski said there was "a good chance" that Wilcoxon had financed his event 1 participation and his Las Vegas stay through the proceeds of crime.
Wilcoxon also has creditors to face; he reportedly has debts totalling about $15,000, investigators said.
In other news from Las Vegas and the World Series, poker legend Doyle Brunson failed to make the final table in the $50,000 buy-in Poker Players Championship, busting out at 53rd and failing to get anywhere near the main prize of $1,774,089.
With typical self-deprecating humour, Brunson tweeted: Havent won a pot. I dont need a doctor, I need an undertaker.
By the end of Day 4 of the Championship event this week only eight players remained, led by Don Nguyen with 5,068,000 in chips, nearly twice as much as his closest rival.
TEXAS CONGRESSMAN SPEAKS ON A FEDERAL ONLINE POKER SOLUTION (Update)2013-06-26
Despite the prior introduction of a more comprehensive online gambling legalisation bill in Congress by Rep. Peter King this year (see previous InfoPowa report), a new initiative is about to be launched by Texas Republican Congressman Joe Barton.
The name will be familiar - Barton has already tried - and failed - to get an online poker only legalisation bill through Congress, and he is back for a second attempt.
Barton talks about his new bill and the need for federal legalisation of online poker here this week:
A confident Congressman predicts that federal legalisation - at least for online poker - is a "when" and not an "if" proposition, and urges poker fans to be patient whilst the Congressional initiative progresses.
With the King bill offering a wider perspective and choice, and several states doing their own thing anyway, it remains to be seen whether Barton's confidence has again been misplaced.
So far there is little evidence that the much-publicised new federal bill that Sen. Harry Reid is reportedly again working on is about to make an entrance.
2015 Kentucky Derby Odds2015-04-15
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