Online poker websites traffic; Shares Boom - Players Triggered By UIGEA charges
European poker websites, pretty much immune to the issues in the United States, have reported a boom in player activity following the indictment by American authorities of the owners of PokerStars, Full Tilt Poker and Absolute Poker.
American land based casino and resort tycoon Steve Wynn, a long time detractor of online casinos, had overseen a deal with PokerStars inked on approx 25th March, but only two weeks took the option to get out of the deal after PokerStars got named in what is now known in gambling circles as 'Black Friday'. Wynn's press release read:
LAS VEGAS, April 15, 2011—Wynn Resorts, Limited announced today thаt іt terminated іtѕ alliance wіth PokerStars, thе online poker company. Thе сhοісе wаѕ reached аѕ a result οf thе indictment unsealed bу thе U.S. Attorney fοr thе Southern District οf Nеw York.
Online casino websites such as bwin.party digital entertainment's PartyCasino are also understood to be up following the announcement.
Since the US Attorney's Office announced last Friday that it was pressing charges against 11 people over alleged fraud, money laundering and illegal gambling, PKR has seen a rise of around 21% in weekly traffic, while PartyPoker has risen 9%, 888Poker 5% and the iPoker network 4%. In contrast, Full Tilt dropped 48%. The data comes from our friends at Pokerscout.
Several business-savvy poker rooms have launched major promos to capitalize on the unique situation.
Shares in several British online gambling companies have soared in the last week. Bwin shares rose by 30%, 888 was up 18% and online gaming software provider Playtech saw its stocks climb by 8%.
Many media companies including Forbes, Reuters, Bloomberg, Gambling911 and EGR indicate that bwin.party digital entertainment may be the igaming company that ends up doing best out of the situation, given their recent successful merger, settlement with the US Department of Justice in April 2009, and government b2b dealings in a number of countries. Party is also looking to expand is b2b and news media deals with its World Poker Tour brand, currently broadcast in Australia on Rupert Murdoch's Fox Sports via Foxtel subscriber television.
Richard Branson's Virgin Games is watching the situation closely, however as of print Virgin Games are not available to Australians, New Zealanders or Canadians, whereas Party is.
Australian land based casino, Crown Casino in Melbourne, has accepted numerous PartyGaming - PartyPoker satellite poker players over the past few years, a trend that looks to continue. Party and NetGen Gaming are strongly rumoured to want to release a Kerry Packer, Underbelly and Andre The Giant online slot game, but have not publicly commented. Party has existing b2b deals with Marvel Entertainment, Paramount Pictures, Infinity Ward, StudioCanal, Frank Sinatra Enterprises and Edgar Rice Burroughs, so don't bet against them.
Crown Limited top brass James Packer is yet to publicly comment specifically about online casino or online poker, but he did however sign off an investment deal with online retailing giant DealsDirect.
Ellerston Capital, a fund management company owned by the Packer family's Consolidated Press Holdings, took a “minority cornerstone” investment in the online retailing site DealsDirect yesterday.
“It signals a real coming of age for online retail, with businesses like Ellerston getting into the game, it is well and truly 'game on',” said DealsDirect's co-founder Paul Greenberg.
The transaction, estimated by the Australian Financial Review to be worth $10 million, underscores the deeper embrace of online retail by the media sector and the investment community.
A Media Man spokesperson said of the Packer - Deals Direct deal "James Packer's recent investment into the online retail space shows just how keen he is on the online business. Crown Limited have an impressive portfolio of websites for their properties, however that did not do the man or company justice. Crown Casino Aussie Millions also accepts poker players from a number of online poker brands. Packer also has the 50% investment in Betfair, and rumours persist of a Crown online casino, a venture with a strong possibility of Packer mate Shane Warne getting in on the action. Packer is also keen to see more interaction between Australian television broadcasts of poker on Fox Sports and his traditional media ventures. Mr Packer famously went on recent a few years ago with 'Internet is like electricity', something this very news reports proves correct".
*The writer owns shares in Crown Limited and has conducted b2b with a number of companies cited in this article.
*Greg Tingle is a regular contributor for Gambling911
*Media Man is primarily a media, publicity and internet portal development company. They cover over a dozen different business sectors, including gaming
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Monday, April 25, 2011
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Poker News Media - Casino News Media - Media Man: Broker snap: bwin.party has potential post merger
Press Release
5th April 2011
Broker snap: bwin.party has potential post merger
Panmure Gordon ups its target price for PartyGaming following its merger with bwin, saying that the newly-formed bwin.party Digital Entertainment has the potential to deliver above-average earnings growth, underpinned by €55m of merger synergies.
“Recent regulatory developments have been overwhelmingly positive for eGaming operators, in our view and we think eGaming stocks are well placed for a period of sustained outperformance,” said the broker.
Panmure estimates that bwin.party will be almost twice the size of its closest peers in 2012, and its scale benefits give it a significant advantage in the French and Italian poker markets, where the broker thinks it will be among the top three poker liquidity providers.
The broker keeps its ‘buy’ rating, but increases the target price from 275p to 288p.
Press Release
1st April 2011
Beyond the Deal Selected to Support Merger Integration of PartyGaming and bwin
Beating stiff competition, Beyond the Deal LLP has been chosen to support the integration of PartyGaming and bwin, following their announced transformational merger inJuly 2010 to form bwin.party digital entertainment plc (Ticker: BPTY). The deal, completed today, makes bwin.party, the world's largest listed online gaming company.
Conducted across key bwin and PartyGaming locations across Europe, and working with senior executives and management in the merged entity, Beyond the Deal's work is focused on supporting integration planning, internal communications and cultural alignment.
Kathy Swindley, Group HR Director for bwin.party digital entertainment, said:
"We have chosen to work with Beyond the Deal due to its skills and understanding of the complex challenges that arise from merging different international cultures."
Carlos Keener, Managing Partner, Beyond the Deal LLP, stated:
"Our appointment by bwin.party continues to highlight our ability to support the largest multi-national deals in a way that is responsive, flexible, and makes the best use of clients' own capabilities and experience in merger integration. We look forward to working with many other companies as M&A activity resumes in the coming months."
Notes to Editors
1. Established by Carlos Keener in 2001, Beyond the Deal (http://www.beyondthedeal.com) is an advisory and resources firm specialising in post merger integration, based in the UK & US.
2. The company focuses on acquisition and integration strategy, business model design, integration planning and management, and other post-acquisition areas such as business process change, organisational design, HR, IT, branding, culture, communications, and risk management.
3. Beyond the Deal's Cultural Snapshot Survey helps businesses address the need for cultural assessment alongside more commonplace pre-deal processes, and certainly as part of acquisition target assessment and integration planning. The survey considers both organisational and national culture, links it to post-deal business models and integration planning, and provides practical ways forward for cultural alignment post-deal.
News
PartyPoker Unleashes Card Rush Instant Win Promotion - 5th April 2011
PartyPoker, the world’s third largest online poker room, is offering up 1.8 million prize cards as part of its Card Rush Instant Win promotion in April. The promotion will run through April 30th or until the prize cards are given away and offers numerous chances to earn extra cash by playing on the site this month.
You can obtain a Card Rush card simply by playing in a real money game on PartyPoker and earning points. The first card will cost five points and subsequent cards will cost 15 points. Players may obtain up to 50 cards per day, but the promotion will end when all 1.8 million are assigned.
Each card will instantly give players a monetary prize between $1 and $5,000, a points prize up to 25,000, or entry into a freeroll. The freerolls will run on the following days:
Card Rush $2,000 Freeroll – May 5th at 1:00pm ET
Card Rush $15,000 Freeroll – May 5th at 2:30pm ET
Card Rush $3,000 Freeroll – May 6th at 1:00pm ET
Card Rush $10,000 Freeroll – May 6th at 2:30pm ET
Card Rush $5,000 Freeroll – May 7th at 1:00pm ET
Card Rush $7,000 Freeroll – May 7th at 2:30pm ET
Card Rush $20,000 Freeroll – May 8th at 1:00pm ET
Players can also earn cash in the Card Rush Race, a leaderboard that will pay the top 200 point-earners a minimum of $100. Points will be awarded as part of the Card Rush promotion ranging from one to 20 points per card. The more points a player earns, the more money they’ll receive. Here’s a look at the payouts:
1st place – $9,000
2nd place – $7,000
3rd place – $5,250
4th place – $4,000
5th place – $3,500
6th place – $3,000
7th place – $2,500
8th place – $2,000
9th place – $1,500
10th place – $1,000
11th-18th places – $800
19th-30th places – $700
31st-45th places – $600
46th-60th places – $500
61st-75th places – $400
76th-100th places – $300
101st-125th places – $200
126th-150th places – $150
151st-200th places – $50
In addition, every 20th spot from 220 to 2,000 will earn a Hot Spot prize of $50.
PartyPoker is also running daily qualifiers to the 2011 World Series of Poker (WSOP) in Las Vegas. Qualifiers are running now until June 19th, with satellites available for as little as $2. Each $14,000 package includes the $10,000 Main Event buy-in, travel and eight days’ hotel accommodations, and $2,000 spending money.
There are also special qualifiers exclusively for first-time depositors. Every month, new players can enter an exclusive freeroll to win one of 10 seats, each worth $750, in the WSOP weekly satellite.
PartyGaming, which owns and operates PartyPoker, recently merged with bwin to form the largest gambling group in the world. With the merger, Party Gaming hopes to even the playing field in the online poker arena as it positions itself to re-enter the U.S. market.
The new company also hopes the merge will expand the PartyPoker brand in Europe. bwin previously resided on the Ongame Network, but now combines its client base with PartyPoker to create the third largest online poker room in the world. (Credit: Poker News Daily)
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with PartyGaming, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
5th April 2011
Broker snap: bwin.party has potential post merger
Panmure Gordon ups its target price for PartyGaming following its merger with bwin, saying that the newly-formed bwin.party Digital Entertainment has the potential to deliver above-average earnings growth, underpinned by €55m of merger synergies.
“Recent regulatory developments have been overwhelmingly positive for eGaming operators, in our view and we think eGaming stocks are well placed for a period of sustained outperformance,” said the broker.
Panmure estimates that bwin.party will be almost twice the size of its closest peers in 2012, and its scale benefits give it a significant advantage in the French and Italian poker markets, where the broker thinks it will be among the top three poker liquidity providers.
The broker keeps its ‘buy’ rating, but increases the target price from 275p to 288p.
Press Release
1st April 2011
Beyond the Deal Selected to Support Merger Integration of PartyGaming and bwin
Beating stiff competition, Beyond the Deal LLP has been chosen to support the integration of PartyGaming and bwin, following their announced transformational merger inJuly 2010 to form bwin.party digital entertainment plc (Ticker: BPTY). The deal, completed today, makes bwin.party, the world's largest listed online gaming company.
Conducted across key bwin and PartyGaming locations across Europe, and working with senior executives and management in the merged entity, Beyond the Deal's work is focused on supporting integration planning, internal communications and cultural alignment.
Kathy Swindley, Group HR Director for bwin.party digital entertainment, said:
"We have chosen to work with Beyond the Deal due to its skills and understanding of the complex challenges that arise from merging different international cultures."
Carlos Keener, Managing Partner, Beyond the Deal LLP, stated:
"Our appointment by bwin.party continues to highlight our ability to support the largest multi-national deals in a way that is responsive, flexible, and makes the best use of clients' own capabilities and experience in merger integration. We look forward to working with many other companies as M&A activity resumes in the coming months."
Notes to Editors
1. Established by Carlos Keener in 2001, Beyond the Deal (http://www.beyondthedeal.com) is an advisory and resources firm specialising in post merger integration, based in the UK & US.
2. The company focuses on acquisition and integration strategy, business model design, integration planning and management, and other post-acquisition areas such as business process change, organisational design, HR, IT, branding, culture, communications, and risk management.
3. Beyond the Deal's Cultural Snapshot Survey helps businesses address the need for cultural assessment alongside more commonplace pre-deal processes, and certainly as part of acquisition target assessment and integration planning. The survey considers both organisational and national culture, links it to post-deal business models and integration planning, and provides practical ways forward for cultural alignment post-deal.
News
PartyPoker Unleashes Card Rush Instant Win Promotion - 5th April 2011
PartyPoker, the world’s third largest online poker room, is offering up 1.8 million prize cards as part of its Card Rush Instant Win promotion in April. The promotion will run through April 30th or until the prize cards are given away and offers numerous chances to earn extra cash by playing on the site this month.
You can obtain a Card Rush card simply by playing in a real money game on PartyPoker and earning points. The first card will cost five points and subsequent cards will cost 15 points. Players may obtain up to 50 cards per day, but the promotion will end when all 1.8 million are assigned.
Each card will instantly give players a monetary prize between $1 and $5,000, a points prize up to 25,000, or entry into a freeroll. The freerolls will run on the following days:
Card Rush $2,000 Freeroll – May 5th at 1:00pm ET
Card Rush $15,000 Freeroll – May 5th at 2:30pm ET
Card Rush $3,000 Freeroll – May 6th at 1:00pm ET
Card Rush $10,000 Freeroll – May 6th at 2:30pm ET
Card Rush $5,000 Freeroll – May 7th at 1:00pm ET
Card Rush $7,000 Freeroll – May 7th at 2:30pm ET
Card Rush $20,000 Freeroll – May 8th at 1:00pm ET
Players can also earn cash in the Card Rush Race, a leaderboard that will pay the top 200 point-earners a minimum of $100. Points will be awarded as part of the Card Rush promotion ranging from one to 20 points per card. The more points a player earns, the more money they’ll receive. Here’s a look at the payouts:
1st place – $9,000
2nd place – $7,000
3rd place – $5,250
4th place – $4,000
5th place – $3,500
6th place – $3,000
7th place – $2,500
8th place – $2,000
9th place – $1,500
10th place – $1,000
11th-18th places – $800
19th-30th places – $700
31st-45th places – $600
46th-60th places – $500
61st-75th places – $400
76th-100th places – $300
101st-125th places – $200
126th-150th places – $150
151st-200th places – $50
In addition, every 20th spot from 220 to 2,000 will earn a Hot Spot prize of $50.
PartyPoker is also running daily qualifiers to the 2011 World Series of Poker (WSOP) in Las Vegas. Qualifiers are running now until June 19th, with satellites available for as little as $2. Each $14,000 package includes the $10,000 Main Event buy-in, travel and eight days’ hotel accommodations, and $2,000 spending money.
There are also special qualifiers exclusively for first-time depositors. Every month, new players can enter an exclusive freeroll to win one of 10 seats, each worth $750, in the WSOP weekly satellite.
PartyGaming, which owns and operates PartyPoker, recently merged with bwin to form the largest gambling group in the world. With the merger, Party Gaming hopes to even the playing field in the online poker arena as it positions itself to re-enter the U.S. market.
The new company also hopes the merge will expand the PartyPoker brand in Europe. bwin previously resided on the Ongame Network, but now combines its client base with PartyPoker to create the third largest online poker room in the world. (Credit: Poker News Daily)
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with PartyGaming, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
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