Wednesday, December 20, 2006
PartyGaming recovering from UIGEA
A recent announcement from the company had reported the substantial impact of its departure from the US, as its poker income reached a low of $637,000 per day. However, the group has seen a steady recovery in generating over $25 million in revenues over the last four weeks, with an average of $721,000 per day.
Garber stated via a conference call that the Unlawful Internet Gambling Enforcement Act had been "a blow to our business for sure" before revealing his pleasure at the group's recovery. In terms of the company's future outlook, he declared, 'PartyGaming is no longer a poker-led, US-dependent and one language gaming operator. We are rapidly becoming a multi-lingual and multi-currency non-U.S. company.'
PartyGaming's strategic future would seem to lie very much within mergers and acquisition with the group actively looking for opportunities. Garber added, 'We will continue to pursue deals that are accretive and can add either management or product expertise to any of our operational lines, and we will be pushing further into new territories as a main and key objective of M & A, and in our organic business plan.'
posted by Clark Gamble at PartyGaming recovering from UIGEA
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Playtech to promote poker in China
Playtech, software provider for the online and land-based gaming industry announced today that it has agreed a landmark five year software licensing agreement with China's leading gaming group Sino Strategic International.
SSI is listed on the Australian Stock Exchange and is a diversified investment holding company. Its primary operations are in the large and fast growing Chinese gaming, internet and mobile media markets.
Playtech and SSI will be the first major distributor and promoter of Texas Hold'em Poker in the Chinese market. Following the launch of the poker product in the coming months, SSI expects to launch a selection of Playtech powered P2P Chinese tournament games through selected SSI outlets in China in the first half of 2007 after a testing, approval and implementation period.
Initially, a selection of P2P poker games will be offered, followed by games played more commonly in China such as mahjong, Do Di Zhu, Cho Da Di and To La Ji.
posted by Clark Gamble at Playtech to promote poker in China
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Tuesday, December 19, 2006
Latest Microgaming Casino Games
Microgaming has come up with some awesome new games to be released just before Christmas! There are five video slot games and one new blackjack game we will have the latest reviews on these games very soon!
The games include:
Santa Paws Video Slot- a 5-reel, 20 Pay line video slot.
Lady of the Orient Video Slot- a 20 line video slot.
Inca Gold Video Slot- a 20 line video slot.
Crazy 80's Video Slot- ta fun 9 line video slot.
Jingle Bells Video Slot- a 3 reel, 5 pay line video slot.
Vegas Single Deck Blackjack- play blackjack with only one deck of cards.
posted by Clark Gamble at Latest Microgaming Casino Games
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Monday, December 18, 2006
Lucky Player Wins playing Caribbean Stud Poker
Christmas came early this year for one online casino gamer when he unexpectedly hit the jackpot and was awarded an astounding £159,535 ($310,423) playing Caribbean Stud Poker a popular card game at Inter Casino.
The lucky winner of this game is head over heels with excitement over the big jackpot win and made the following statement... "Initially I thought I had won ten percent of the jackpot with a straight flush, when I checked my hand more carefully and realized I had a royal flush I was absolutely amazed. It took at least ten minutes for me to collect my thoughts."
Staff at the online caisno were pleased to see one of its loyal players take home a grand prize such as this jackpot especially just before Christmas. Asked what the winner planned on doing with his winnings this excited player had the following to say,
"In the short term, I am going to treat my family and friends to a great Christmas and new year, pay off my mortgage and then take a well deserved holiday sometime in the new year. However, I haven't decided where I'll go to on holiday yet, I am torn between about three or four places. Although, winning such a large amount of money, I'll be able to visit them all at some point."
"I have been playing carribean poker online for two years. I learnt to play poker when I was twelve years old and have been playing both online and offline since then."
The player had been playing online casinos for two years before he won the £159,535 lifestyle changing jackpot.
posted by Clark Gamble at Lucky Player Wins playing Caribbean Stud Poker
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Friday, December 08, 2006
Neteller adds Turkish and Polish versions
Netellerhas launched country specific products in south and eastern Europe, emphasising new non-US signups, as well as a new live chat customer service.
The company found that bank transfers were a preferred method of paying at websites in Poland, whereas credit cards are more preferred in Turkey. This information was used to tailor the service for each region.
As well as country-specific products, Neteller has created 'Live Chat'. This allows users to communicate with Neteller customer service representatives with Voice over Internet Protocol. This can be conducted from any merchant site, in 30 languages.
During October of this year, 58% of these came from outside the US, 71% of which were from Europe.
posted by Clark Gamble at Neteller adds Turkish and Polish versions
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Seminole Tribe buys Hard Rock
The Seminole Tribe of Florida Rank bought the Hard Rock business in a deal worth $965 from Rank.
According to Rank, the sale is indicative of the company's forward-looking strategy to concentrate on gaming brands.
Rank will retain the Hard Rock Casino in London, but will focus on its other businesses such as Mecca Bingo and Blue Square.
The Seminole have previously run two Hard Rock Cafe hotel and casino resorts under licence from Rank in Florida.
posted by Clark Gamble at Seminole Tribe buys Hard Rock
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Thursday, December 07, 2006
Sands online venture provokes European reaction
Las Vegas Sands' planned online casino venture with Cantor Gaming has been called hypocritical by the European gambling industry. The European Betting Association's head of public affairs accused the US of discrimination, while rival Sportingbet said it doubted the seriousness of the deal.
posted by Clark Gamble at Sands online venture provokes European reaction
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Wednesday, December 06, 2006
US bingo halls sue over smoking ban
A group of bingo halls in Louisville, USA and the Kentucky Charitable Gaming Association have filed a lawsuit claiming the state's new smoking ban is unconstitutional. The suit argues that the smoking exemption violates equal protection and due process clauses of the U.S. Constitution, and that the ban deprives owners of their property without compensation.
posted by Clark Gamble at US bingo halls sue over smoking ban
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Tuesday, December 05, 2006
Tracinda makes MGM cash offer
Tracinda Corp said that it had begun processing a previously announced cash tender offer of $55 per share for up to 15 million shares of MGM Mirage. If the offer is fully completed billionaire Kirk Kerkorian, owner of the Tracinda investment company, would up his stake in MGM from 56 per cent to 61.1 per cent.
posted by Clark Gamble at Tracinda makes MGM cash offer
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Thursday, December 21, 2006
Macau revenue surpasses Vegas
Gross gaming revenue in the Chinese enclave of Macau reached $5.51 billion for the first ten months of this year according to the territory's Gaming Inspection and Co-ordination Bureau. The figure surpassed the Las Vegas strip's total of $5.44 billion over the same period and is expected to extend the difference in the coming year, the Bureau added.
posted by Clark Gamble at Macau revenue surpasses Vegas
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