Posts Tagged ‘Playtech’

Cleaning up or Cleaning out?

@OPReport's Online Poker Bulletin

by , Jul 2, 2013 | 6:30 am

Weekly bulletin from OnlinePokerReport.com for the week of July 1st …

logo-OPReport

STORIES WORTH WATCHING

#1. Bet Raise Fold – Sunday was the worldwide release of the much-anticipated online poker documentary that has – so far – garnered an overwhelmingly positive response from advance viewers. Buy your copy here. If you supported the KickStarter campaign, you should have already received your link to view the movie via email.

#2. Kentucky – After successfully extracting a cool $15mm from bwin.party, Kentucky looks set to continue their litigious ways against other operators that took online bets from the state (and have some resources to target). I’ve been told to expect a significant legal filing related to Kentucky’s actions this week.

#3. PokerStars vs ACC – The ACC filed their response last week to Stars’ application for interlocutory appeal. While we don’t have a firm deadline for a ruling, I can’t imagine the courts are interested in letting this battle drag on much longer, especially given that it clouds the ability of the ACC to pursue an alternative sale. The holiday may result in a delay, but a decision could still be forthcoming in the next few days.

… + THE WEEK THAT WAS

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OPR OUTPUT

On this week’s Rabbit Hunt, Mark and I cover the One Drop action at the WSOP, debate the best way of responding to Adelson and try our best to read the tea leaves of PokerStars’s battle with the ACC.

QuadJacks ran an article of mine imploring people to Stop Writing Responses to Sheldon Adelson. Finally, I offered up some thoughts on the Online Poker Compact Conundrum in the regulated U.S. market.

 

PICKS

#GoodRead – Brad Polizzano penned an informative and concise rundown of the 2013 NCLGS at QuadJacks.

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Get in touch

Chris Grove / chris@onlinepokerreport.com / @OPReport / Google + / Skype: chrisgrove404


William Hill Spends $649 Million to Reacquire Online Stake

Hmm, so that's what 29 percent of an online sportsbook is worth these days ...

by , Apr 29, 2013 | 10:00 am

williamhillWilliam Hill Plc said Monday that it has completed its $649 million acquisition of the 29 percent stake in William Hill Online held by gaming software firm Playtech Ltd.

Playtech also will receive its share of profits in William Hill Online that have accrued since Jan. 1, an amount to be disclosed at a later date.

“William Hill Online has consistently delivered strong net revenue growth since it was formed in December 2008,” CEO Ralph Topping said in a statement Monday. “We are pleased to be assuming full ownership of this attractive, high growth, high performing business.”

William Hill Online posted net revenues of $621.62 million last year.

More…


Wider World of Poker

Trains run on time, Italians break the bank, French people at Wembley, Zynga & co. under analysis, Playtech's nepotism, and PokerStars serve an ace.

by , Jun 22, 2012 | 3:41 am

We are in the midst of the World Series of Poker, which makes it silly season for gambling news from the rest of the world. Expect next week’s column to feature a giraffe that won a razz tournament and Epic Poker’s zeppelin-based relaunch. Right now you’ll have to settle for stories about trains, Italians, and reality TV.

Run on Time

Let’s start with the trains. Australian website Sportsbet.au.com have been politely asked by Melbourne locomotion provider, Metro Trains, to stop taking bets on whether their services will run on time. There were fears that enterprising degenerates might take it upon themselves to sabotage the lines in order to guarantee a payout. [The Age]

Italian Stallion

This story, while fairly ludicrous, raises some interesting moral questions. Bruno Venturi, an everyday Italian man who works in a pet shop, is fighting to claim a £650,000 jackpot he won from Eurobet. They are refusing to cough up the cash on the grounds that a software error caused Venturi to pay for only one in every six bets. The dispute began in 2009 and has now made it all the way up the chain to Britain’s High Court. [Telegraph]

Reality TV Sparks British Dust-Up

This could have been a nice story about a young poker player raising his profile in the media by doing a good deed, but Andrew Feldman’s upcoming appearance on the UK reality show Secret Millionaire has devolved into scandal. Last month British pro Sam Trickett claimed he would out a fellow player who had “stolen” a large amount of his cash. Since then he’s remained silent, but it seems that Feldman’s pending TV fame has sparked Trickett and co. to more or less publicly accuse Andrew of borrowing €25,000 from Trickett, then refusing to pay him back on the grounds that he is quitting poker. [Poker News]

Tapie’s Wembley Tourney

He might have lost the race to buy Full Tilt Poker, but Frenchman Bernard Tapie has not lost his ambition. This week he announced the first venue for the International Stadiums Poker Tour, a series of events which will cram 30,000 poker players into the world’s largest sporting arenas. The series kicks off at Wembley Stadium – the more or less sacred home of English football – during May 2013. For the first two days 30,000 players will sit in the stands and compete online, from which 3,000 will win their way onto the turf to play in a €4,500 buy-in tournament with a guarantee of €2 million. [ISPT]

Social Gaming Under Scrutiny

Over the past couple of years Zynga have slowly edged their way onto the poker radar thanks to their immensely popular Facebook version of Texas Hold’em. They also managed to avoided any kind of legislation by pointing at the tables and shouting, “look, no money!” The UK Gambling Commission aren’t so sure, however. Zynga make their (not inconsiderable) profits from users who purchase extra stacks of worthless chips with real cash. The Commission are now working on a investigation into social gambling in an attempt to discover if the industry needs to be licensed and regulated. [Online Casino Archives]

Playtech’s Unsettling Dealings

Playtech have long been the kings of third party gambling software, but their financial antics are making people with briefcases and stock portfolios very nervous. The company have purchased a large bundle of stuff from their largest shareholder, Teddy Sagi – the company’s founder and owner of 48pc of Playtech stock. His new venture, Skywind, have sealed a €6 million deal with Playtech, who are also renting a London office from their former chief at £750,000 per year. [Telegraph]

Nadal Joins PokerStars

Stop the presses! While nobody was looking, some real news has snuck in at the back door. Tennis superstar Rafael Nadal has joined Team PokerStars. Undoubtedly one of the greatest players ever to hit a furry ball over a net, Nadal will represent Stars in the freshly minted Spanish market. I can’t recall a bigger sports star than Nadal being paid to represent poker in any capacity. Certainly not one with such worldwide pull. [PokerStars]

Well that was quite a shock. What’s more we’re only three days away from the start of Wimbledon. The centre-piece of professional tennis and the pride of upper-middle class British people who like things that happen on lawns. What with Rafa, some positive news out of Nevada, and Ivey’s return at the WSOP, I dare say that things are looking quite positive for poker. I think I need to lie down.


Wider World of Poker

Phil's Millions, Regulators make new friends, black-slapping awards, and ultimate melancholy

by , Feb 2, 2012 | 3:06 pm

There’s a muffin waiting for me at the end of this article. Yes, I have stooped so low as to require sugary bribes for motivation. Not an English muffin, either. Those are no good for inducement. Only the sickly American variety has the requisite density of glucose and cocoa.

There we go. Not one paragraph in and I’m already enjoying a new vitality. The chocolate macguffin remains wrapped in its brown paper bag and yet I’ve remembered what it is I love about writing. Sometimes we just need a little encouragement. Well, now that I’ve dealt with that personal crisis, pull yourselves together and lets get on with the news.

The Aussie and the Ivey

Yes, that’s a Christmas pun. So what? I’m recycling. Besides, I’m sure plenty of us media types put a resurgent Phil Ivey in our letters to Santa. After finally emerging from a cash game in Macau hiding, Ivey arrived at the Aussie Millions to play in one of his first major events since Black Friday. As if to make everyone else look like rank amateurs, Ivey waltzed into his most profitable month of tournament poker. After tumbling out of the $100k event, Ivey won his buy-in back by finishing 12th in the Main Event and then grabbed another $2,000,000 for winning the 16-player $250k tournament. Some guy called Oliver Speidel won $1.6m in the Main Event, but his name does not rhyme with ‘cor blimey’ so nobody cared. [Wicked Chops]

The French Channel

The Frenchy bit of Canada and the part of the British Isles closest to France have enshrined a new era of cooperation. The duo have agreed to routinely share information and expertise relating to online gambling regulation. Ontarians don’t have anything to actually regulate yet, but plans are afoot for a province-wide service later this year.

A little to the Southwest of Alderney sits another British Crown Dependency. Back in 2008, Jersey announced that it was providing egaming licenses, just like its little brother Alderney. Their overtures had not attracted any big names until Playtech took the plunge earlier this week. It’s not exactly clear what Playtech will do with their new license, but my guess is that it has something to do with wagering money over the internet. [Gambling Kingz] & [iGaming Business]

Gaming Gongs

“Oh my god! Are you the Galaxy Macau Integrated Resort?! Winner of the 2012 International Gaming Award for Casino/Integrated Resort of the Year? Can I get your autograph?”

That’s the sort of attention the Galaxy Casino is going to have to put up with from now on. Crazy people asking buildings for autographs. Signature hunters will have better luck with Sam Trickett, who was announced as Player of the Year at the European Poker Awards. Other prizes went to Ilari Sahamies, Natalia Nikitina, and Bertrand Grospellier. [European Poker Awards] & [International Gaming Awards]

Poker’s Impending Loss

Finally, something very very sad. Thor Hansen, the doyen of Norwegian poker, has been diagnosed with terminal cancer. A veteran of Vegas casinos, the 64-year-old has two WSOP bracelets to his name and more than a few friends in the poker community. Hansen will long be remembered as pivotal figure in the growth of the European game and an inspiration to the Norway’s new poker generation. [Card Player]

Nothing funny to say after that. See you next week.


Wider World of Poker

Outsmarting PokerStars, Playtech vs. Will Hill, money for bwin.party, and Liv & Sam on the BBC

by , Nov 10, 2011 | 6:18 am

While the media lay down a carpet of solid adulation for Pius Heinz, the world’s wheels keep on turning. Join me, as we find out what’s been swept under the global news carpet while the world’s latest millionaire was parading about in his jangly new wrist ornament.

PokerStars Outplayed on Landmark Hand #

PokerStars are still top dogs in the world of online poker and, just to rub it in, they decided to celebrate their 70 billionth hand by giving whoever won it lots and lots of cash. Two enterprising players decided to game the system by continuously folding to each other across multiple heads up tables. Their sneaky plan worked to perfection and they joyously scooped up the prize money. Whether you think they were geniuses or cheats depends on your outlook. Youtube polemicist EVhero definitely falls on the angry side of the argument. [Youtube]

Playtech and William Hill Lock Horns #

I reported a few weeks ago on the mass walkouts at William Hill Online’s Israeli offices. At the time it appeared to be a simple labour dispute, but the Financial Times suggests deeper concerns. The online gambling company is co-owned by Playtech and British bookmakers William Hill. Relations between the two firms are frosty at best, with concerns about split loyalties among staff in worldwide offices. [Financial Times]

Bwin.party Profit From Italian Renaissance #

Meanwhile, Bwin and PartyGaming are still enjoying a blissful honeymoon period. Recently released financial reports indicate an increase in revenue of 3% to 201.1 million euros. The company credits increasingly relaxed Italian gaming laws for the rise in profit. Not to mention picking up their fair share of poker refugees in the wake of Full Tilt’s Black Friday debacle. [Reuters]

British Poker Pros Enjoy the Spotlight #

Finally, a quick word from the BBC. Earlier this week, the unimpeachable British bastion dedicated a quiet corner of its news website to UK poker players. Written just before the start of the November Nine, the reporter’s hopes for Sam Holden were sadly premature, but it still represents a rare chance to see poker pros in the media without any appended bleating on the dangers of online gambling. Plus, you can watch Sam and Liv Boeree play heads up for a delicious Wispa bar. [BBC]

I’m off to search London for a Wispa Gold, the confectionery equivalent of a WSOP bracelet. I’ll keep my beady eye peeled for any stray bits of news that are blowing across the pavement, while you keep your gaze fixed firmly on Pokerati. I’ll know if you move.