PKR is offering the following poker promotions this month.
Win a $5,000 APT package!
In February, PKR is also offering satellites for the APT Philippines Main Event. The satellites for this live tournament are running 24/7 with entry fees starting from just $2.16. If you happen to take down a satellite tournament you’ll win a fantastic $5,000 APT package including your buy-in to the Main Event plus spending money to go with it!
In addition, PKR offers satellites to the WSOP giving you the chance to be playing at the same table with some of the best high stakes players in the real world. In the games lobby, you can also find satellites to the monthly 100K guaranteed tournament. So if you feel like risking very little to potentially win a lot, then the satellite qualifiers are for you!
PKR Freerolls
As usual, PKR offers six daily freerolls on their tournament schedule which any player can join. The PKR freerolls are a great way to gain valuable experience and to hone your poker skills for free.
Guaranteed Poker Tournaments
At PKR, you can also play for over $2,500,000 in guaranteed prizes every month! PKR offer a great selection of guaranteed poker tournaments with big prize pools on offer. Like satellite tournaments, players are given the unique chance of a big score with very limited risk.
PKR is on Facebook
Do you use the social networking site Facebook? If you become a fan of PKR on Facebook, you can take advantage of some great promotions such as exclusive Facebook freerolls, money added tournaments, and you can also win tickets to some cool tournaments.
Welcome Bonus
The PKR promotions don’t stop there either. If you are a new player and make a deposit, you will be eligible for the first time deposit bonus, up to $800!
PKR.com is a multi time Media Man, Casino News Media and Poker News Media website of the month award winner
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Sunday, February 20, 2011
Wednesday, February 16, 2011
PartyGaming, PartyCasino, Bwin Do Deal With Las Vegas Land Based Casinos, by Greg Tingle - 15th February 2011
PartyGaming, PartyCasino, Bwin Do Deal With Las Vegas Land Based Casinos, by Greg Tingle - 15th February 2011
Profiles
PartyGaming PartyCasino.com PartyPoker.com Bwin PartyBingo.com World Poker Tour
Britain
Gibraltar
Websites
PartyCasino.com PartyPoker.com PartyBingo.com PartyGammon.com World Poker Tour
PartyGaming, the Gibraltar based iGaming powerhouse, is understood to have signed at least two major agreements to supply a gaming platform for online poker (and perhaps casino) to whale size Las Vegas land based casinos.
The Vegas casinos that Media Man and Gambling911 insiders hint are in the mix include MGM, Las Vegas Sands, Boyd Gaming and Caesars (former Harrahs Entertainment). It's unlikely a Donald Trump casino is in, as he's just sold at least one of his establishments. Trump is a fan of online casinos, but leaks say he is frustrated by what appears to be slow progress of igaming into mainstream America.
PartyGaming left the US after the UIGEA bill became law and a settlement towards $300 million was made with the DOJ (Department Of Justice).
The firm smartly snatched the opportunity to re-enter the US market if online gambling was ever legalized.
PartyGaming, which has now merged with Bwin, an Austrian based outfit is now ideally positioned to become a major force in the US, having also conducted b2b with other nations government departments, and has many a U.S senator and lawmaker on side, not to mention poker and casino associations and players.
Legalized online gambling in the US is tipped to be just around the corner, as legislators will provide a bill to congress for a vote.
Pro gambling groups and switched on politicians who can see the financial benefits are pushing hard for PartyGaming and a number other iGaming brands to go above board in the United States.
Party enjoys strong presence in the U.S (and Canada and Australia), with its Hollywood titles including Marvel Entertainment tie ins, plus the World Poker Tour brand which it owns and operates, and frequently gets airtime on television broadcasts in much of the western world. It's now or never for PartyGaming, and our leaks tell us its now, no bluff!
Readers, as always, bet with your head, not over it, and have fun.
*Media Man conducts some b2b with PartyGaming brands, as they do with dozens of other media, entertainment and gaming companies. Media Man is not a gaming company, but covers the sector, as they do over a dozen other industry verticals.
*The writer is a regular contributor for Gambling911.
*The writer's favorite slot games are Sinatra Slot and Thor!
Profiles
PartyGaming
PartyCasino.com
PartyPoker.com
PartyBingo.com
PartyGammon.com
PartyBets.com
GameBookers.com
FoxyBingo.com
Bwin
Cashcade
World Poker Tour
Politics
Britain
Gibraltar
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News
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Profiles
PartyGaming PartyCasino.com PartyPoker.com Bwin PartyBingo.com World Poker Tour
Britain
Gibraltar
Websites
PartyCasino.com PartyPoker.com PartyBingo.com PartyGammon.com World Poker Tour
PartyGaming, the Gibraltar based iGaming powerhouse, is understood to have signed at least two major agreements to supply a gaming platform for online poker (and perhaps casino) to whale size Las Vegas land based casinos.
The Vegas casinos that Media Man and Gambling911 insiders hint are in the mix include MGM, Las Vegas Sands, Boyd Gaming and Caesars (former Harrahs Entertainment). It's unlikely a Donald Trump casino is in, as he's just sold at least one of his establishments. Trump is a fan of online casinos, but leaks say he is frustrated by what appears to be slow progress of igaming into mainstream America.
PartyGaming left the US after the UIGEA bill became law and a settlement towards $300 million was made with the DOJ (Department Of Justice).
The firm smartly snatched the opportunity to re-enter the US market if online gambling was ever legalized.
PartyGaming, which has now merged with Bwin, an Austrian based outfit is now ideally positioned to become a major force in the US, having also conducted b2b with other nations government departments, and has many a U.S senator and lawmaker on side, not to mention poker and casino associations and players.
Legalized online gambling in the US is tipped to be just around the corner, as legislators will provide a bill to congress for a vote.
Pro gambling groups and switched on politicians who can see the financial benefits are pushing hard for PartyGaming and a number other iGaming brands to go above board in the United States.
Party enjoys strong presence in the U.S (and Canada and Australia), with its Hollywood titles including Marvel Entertainment tie ins, plus the World Poker Tour brand which it owns and operates, and frequently gets airtime on television broadcasts in much of the western world. It's now or never for PartyGaming, and our leaks tell us its now, no bluff!
Readers, as always, bet with your head, not over it, and have fun.
*Media Man conducts some b2b with PartyGaming brands, as they do with dozens of other media, entertainment and gaming companies. Media Man is not a gaming company, but covers the sector, as they do over a dozen other industry verticals.
*The writer is a regular contributor for Gambling911.
*The writer's favorite slot games are Sinatra Slot and Thor!
Profiles
PartyGaming
PartyCasino.com
PartyPoker.com
PartyBingo.com
PartyGammon.com
PartyBets.com
GameBookers.com
FoxyBingo.com
Bwin
Cashcade
World Poker Tour
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Britain
Gibraltar
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Wednesday, February 2, 2011
PartyGaming: A Double Winner at the International Gaming Awards - 31st January 2011
Profiles
PartyGaming PartyCasino.com PartyPoker.com Bwin PartyBingo.com World Poker Tour
Britain
Gibraltar
Websites
PartyCasino.com PartyPoker.com PartyBingo.com PartyGammon.com World Poker Tour
PartyGaming is proud to announce that it was a double winner at this year’s International Gaming Awards, being voted both best Online Casino Operator and Online Bingo Operator of the year. Held at the Jumeirah Carlton Tower Hotel in London’s Knightsbridge, the awards were open to both land-based and online operators and attracted entries from more than 300 companies from around the world.
In making the Online Casino Operator award to PartyCasino, the independent judging panel said: “PartyCasino is certainly leading the online casino business. PartyCasino has shown that poker is not the only industry on the internet.”
Cashcade, best known for its UK market-leading Foxy Bingo brand and which was acquired by PartyGaming in the Summer of 2009, won the Online Bingo Operator award for the second year running. The citation for the bingo award said: “Foxy looks like great fun and has an outstanding brand identity.”
Colin Thomson, co-founder of the International Gaming Awards, said: “To win two awards was a great achievement, endorsing PartyGaming’s leadership in the online gaming industry. PartyGaming was also a finalist for awards for Socially Responsible Operator, which is open to both land-based and online operators, and for Online Poker Operator. This is a great all-round achievement for PartyGaming!”
Jim Ryan, Chief Executive Officer of PartyGaming, said: “We are delighted to accept these top online gaming industry accolades. The International Gaming Awards are just that – international. They are also fiercely competitive: I’m proud of our casino and bingo teams who have beaten strong competition to win these awards by providing great online gaming entertainment for our customers.”
Profiles
PartyGaming
PartyCasino.com
PartyPoker.com
PartyBingo.com
PartyGammon.com
PartyBets.com
GameBookers.com
FoxyBingo.com
Bwin
Cashcade
World Poker Tour
Politics
Britain
Gibraltar
News
News
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Casino News Media
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Global Gaming Directory
PartyGaming PartyCasino.com PartyPoker.com Bwin PartyBingo.com World Poker Tour
Britain
Gibraltar
Websites
PartyCasino.com PartyPoker.com PartyBingo.com PartyGammon.com World Poker Tour
PartyGaming is proud to announce that it was a double winner at this year’s International Gaming Awards, being voted both best Online Casino Operator and Online Bingo Operator of the year. Held at the Jumeirah Carlton Tower Hotel in London’s Knightsbridge, the awards were open to both land-based and online operators and attracted entries from more than 300 companies from around the world.
In making the Online Casino Operator award to PartyCasino, the independent judging panel said: “PartyCasino is certainly leading the online casino business. PartyCasino has shown that poker is not the only industry on the internet.”
Cashcade, best known for its UK market-leading Foxy Bingo brand and which was acquired by PartyGaming in the Summer of 2009, won the Online Bingo Operator award for the second year running. The citation for the bingo award said: “Foxy looks like great fun and has an outstanding brand identity.”
Colin Thomson, co-founder of the International Gaming Awards, said: “To win two awards was a great achievement, endorsing PartyGaming’s leadership in the online gaming industry. PartyGaming was also a finalist for awards for Socially Responsible Operator, which is open to both land-based and online operators, and for Online Poker Operator. This is a great all-round achievement for PartyGaming!”
Jim Ryan, Chief Executive Officer of PartyGaming, said: “We are delighted to accept these top online gaming industry accolades. The International Gaming Awards are just that – international. They are also fiercely competitive: I’m proud of our casino and bingo teams who have beaten strong competition to win these awards by providing great online gaming entertainment for our customers.”
Profiles
PartyGaming
PartyCasino.com
PartyPoker.com
PartyBingo.com
PartyGammon.com
PartyBets.com
GameBookers.com
FoxyBingo.com
Bwin
Cashcade
World Poker Tour
Politics
Britain
Gibraltar
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News
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Global Gaming Directory
Tuesday, January 11, 2011
Poker News Media: PartyPoker Launches Double Hold’em
Profiles
PartyGaming PartyCasino.com PartyPoker.com Bwin PartyBingo.com World Poker Tour
Websites
PartyCasino.com PartyPoker.com PartyBingo.com PartyGammon.com World Poker Tour
The game went live almost a month ago, but PartyPoker just made it official with a press release this week: Double Hold’em has landed. The new poker variety is available at both real and play money tables and should prove to be a fun change of pace for even the most devoted Texas Hold’em players.
In Double Hold’em, players are dealt three hole cards rather than the traditional two. After the flop, one of the three cards must be selected as the “point” card (unless the player opts to fold, of course). This point card is then physically moved in between the other two cards and pushed up slightly, creating a triangle of sorts with the three hole cards. The point card is now used to create dual two-card starting hands, one with each of the other hole cards. The two non-point cards do not play together. At showdown, just like in regular Hold’em, the player with the best five-card hand wins and either pair of hole cards can be used to make the best hand. The betting rounds play the same as Hold’em: pre-flop, flop, turn, and river.
Let’s go through an example. Say you are dealt 6h-Ac-5c. You decide to play this hand, so you call pre-flop and see a flop of 3s-4h-Kc. At this point, PartyPoker will give you a few seconds to set your point card. In this case, it looks like you’ll want to at least put the 5 and 6 together so that you have an open-ended straight draw, so the logical option is to make the 5c the point card. With your rearranged hole cards reading 6h-5c-Ac, you now have two sets of cards to run with: 6-5 off suit, which gives you the aforementioned open-ended straight draw, and Ac-5c, which gives you a backdoor flush draw. The 6h and Ac have nothing to do with each other from here on out.
After a round of betting, the Qc falls on the turn, giving you a club flush draw (Ac-5c) to go along with your open-ended straight draw (5c-6h). Another betting round ensues and then the river is dealt: 2d. Using the 5c-6h, you hit your straight. Your busted flush draw doesn’t matter. One more betting round and the cards are flipped over, just like in standard Hold’em.
Double Hold’em was created by E. Mark Gross and Zvi Lando, CEO and CFO, respectively, of TableBrain. In an exclusive blog post at PartyPoker.com, Gross billed Double Hold’em as giving players “more playable hands, more action, and bigger pots! It’s a poker game built by poker fans for poker fans.”
Gross wrote that he and Lando created the game back in 2006, but it took a long time to refine the concept and get it just right in order to achieve their goal of creating “fun, intelligent games that allow players to have more continuous action and decisions at the table.”
TableBrain has also developed a video poker version of the game, which it calls EZ Double Hold’em. There are two variations of this. One is the standard video poker-style game in which a player places a bet before the cards are dealt with no further betting; the other is similar to the live game, with betting rounds at the start, prior to setting the point, after the flop, and after the turn. EZ Double Hold’em can be played for free on TableBrain’s website.
According to industry monitor PokerScout.com, PartyPoker ranks third in terms of cash game traffic behind PokerStars and Full Tilt Poker. PartyPoker had been in a tight battle with the iPoker Network, but has recently gained some separation. It owns a seven-day average of 4,250 cash game players versus iPoker’s 3,650. They are both comfortably ahead of the Ongame Network, but light years behind Full Tilt, so it appears that the two will be jockeying for the third spot for quite some time to come. (Credit: Poker News Daily)
Profiles
PartyGaming
PartyCasino.com
PartyPoker.com
PartyBingo.com
PartyGammon.com
PartyBets.com
GameBookers.com
FoxyBingo.com
Bwin
Cashcade
World Poker Tour
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PartyGaming PartyCasino.com PartyPoker.com Bwin PartyBingo.com World Poker Tour
Websites
PartyCasino.com PartyPoker.com PartyBingo.com PartyGammon.com World Poker Tour
The game went live almost a month ago, but PartyPoker just made it official with a press release this week: Double Hold’em has landed. The new poker variety is available at both real and play money tables and should prove to be a fun change of pace for even the most devoted Texas Hold’em players.
In Double Hold’em, players are dealt three hole cards rather than the traditional two. After the flop, one of the three cards must be selected as the “point” card (unless the player opts to fold, of course). This point card is then physically moved in between the other two cards and pushed up slightly, creating a triangle of sorts with the three hole cards. The point card is now used to create dual two-card starting hands, one with each of the other hole cards. The two non-point cards do not play together. At showdown, just like in regular Hold’em, the player with the best five-card hand wins and either pair of hole cards can be used to make the best hand. The betting rounds play the same as Hold’em: pre-flop, flop, turn, and river.
Let’s go through an example. Say you are dealt 6h-Ac-5c. You decide to play this hand, so you call pre-flop and see a flop of 3s-4h-Kc. At this point, PartyPoker will give you a few seconds to set your point card. In this case, it looks like you’ll want to at least put the 5 and 6 together so that you have an open-ended straight draw, so the logical option is to make the 5c the point card. With your rearranged hole cards reading 6h-5c-Ac, you now have two sets of cards to run with: 6-5 off suit, which gives you the aforementioned open-ended straight draw, and Ac-5c, which gives you a backdoor flush draw. The 6h and Ac have nothing to do with each other from here on out.
After a round of betting, the Qc falls on the turn, giving you a club flush draw (Ac-5c) to go along with your open-ended straight draw (5c-6h). Another betting round ensues and then the river is dealt: 2d. Using the 5c-6h, you hit your straight. Your busted flush draw doesn’t matter. One more betting round and the cards are flipped over, just like in standard Hold’em.
Double Hold’em was created by E. Mark Gross and Zvi Lando, CEO and CFO, respectively, of TableBrain. In an exclusive blog post at PartyPoker.com, Gross billed Double Hold’em as giving players “more playable hands, more action, and bigger pots! It’s a poker game built by poker fans for poker fans.”
Gross wrote that he and Lando created the game back in 2006, but it took a long time to refine the concept and get it just right in order to achieve their goal of creating “fun, intelligent games that allow players to have more continuous action and decisions at the table.”
TableBrain has also developed a video poker version of the game, which it calls EZ Double Hold’em. There are two variations of this. One is the standard video poker-style game in which a player places a bet before the cards are dealt with no further betting; the other is similar to the live game, with betting rounds at the start, prior to setting the point, after the flop, and after the turn. EZ Double Hold’em can be played for free on TableBrain’s website.
According to industry monitor PokerScout.com, PartyPoker ranks third in terms of cash game traffic behind PokerStars and Full Tilt Poker. PartyPoker had been in a tight battle with the iPoker Network, but has recently gained some separation. It owns a seven-day average of 4,250 cash game players versus iPoker’s 3,650. They are both comfortably ahead of the Ongame Network, but light years behind Full Tilt, so it appears that the two will be jockeying for the third spot for quite some time to come. (Credit: Poker News Daily)
Profiles
PartyGaming
PartyCasino.com
PartyPoker.com
PartyBingo.com
PartyGammon.com
PartyBets.com
GameBookers.com
FoxyBingo.com
Bwin
Cashcade
World Poker Tour
Website Network
Media Man International
Media Man
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Media Man Asia
Media Man Canada
Media Man Games
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Casino News Media
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Global Gaming Directory
Sunday, January 9, 2011
Poker News Media: Win a poker trip to the Philippines with PKR - 7th January 2011
PKR.com the world's most popular 2D and 3D online poker room has done it again.
It's back and it's better than ever!
Book your seat at the APT Philippines 2011 with PKR.com and you could be soaking up the sun and winning huge cash prizes.
Qualifiers are rolling right now from just $2.08 that lead to weekly final satellites where one in every 25 entrants will win $5,000 packages to this amazing event.
PKR.com also offer a host of other world class online poker promotions and now also a wide variety of online slot games and sports betting facilities.
PKR.com have a number of awards and commendations to their name including EGR Poker Operator of the Year Award 2010 and Media Man and Casino News Media 'Online Poker Room Of The Month' - December 2010.
Press Release
PKR.com Wins EGR Poker Operator of the Year Award
LONDON, UNITED KINGDOM - Dec 8 2010 - Next-generation poker room PKR.com celebrates another big win after picking up the highly sought after Poker Operator of the Year at the 2010 E-Gaming Review Awards ceremony that took place in London recently.
Fighting off a strong field which included household names such as PartyGaming, 888 and William Hill Online, judges praised PKR for demonstrating how originality and constant innovation could build a successful business in the face of liquidity challenges. The award also means that PKR is the holder of both major industry Poker Operator of the Year awards, having won the IGA version in January this year.
Malcolm Graham, CEO of PKR said; "The EGR Awards are very important for the online gaming industry and it is a fantastic achievement for PKR to have won this prestigious award. 2010 has been an astounding year for us and we look forward to adding this title to this year's portfolio, which also includes the top spot in the Sunday Times Tech Track 100."
The E-Gaming Review Awards ceremony took place at the Honorable Artillery Company in the heart of London on 24th November 2010. The event was hosted by comedian Jack Whitehall, and was attended by over 800 people from the gaming industry.
Founded in 2004 by serial entrepreneur Jez San, PKR is headquartered in Camden, London and now employs over 100 staff. It has over 4 million registered users and has won numerous awards including 'Hotshot Operator of the Year' at the 2008 E-Gaming Review Awards, 'Poker Operator of the Year' at the 2010 International Gaming Award and the UK's fastest growing technology company in the 2010 Sunday Times Tech Track 100.
About PKR (www.pkr.com)
PKR is a revolutionary new concept in online poker that has changed the way the game is played.
Featuring stunning real-time 3D graphics and a uniquely engaging and immersive gaming system, PKR brings an unparalleled and previously unseen level of realism to online poker.
Developed by some of the brightest stars in the video games and poker industries, PKR continues to be the most innovative poker room in the world.
For more information on PKR, please visit www.pkr.com
Profiles
PKR.com
PKR Poker
PKR Casino
APT Philippines
Poker
Online Poker
Casino
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Casino News Media
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Global Gaming Directory
It's back and it's better than ever!
Book your seat at the APT Philippines 2011 with PKR.com and you could be soaking up the sun and winning huge cash prizes.
Qualifiers are rolling right now from just $2.08 that lead to weekly final satellites where one in every 25 entrants will win $5,000 packages to this amazing event.
PKR.com also offer a host of other world class online poker promotions and now also a wide variety of online slot games and sports betting facilities.
PKR.com have a number of awards and commendations to their name including EGR Poker Operator of the Year Award 2010 and Media Man and Casino News Media 'Online Poker Room Of The Month' - December 2010.
Press Release
PKR.com Wins EGR Poker Operator of the Year Award
LONDON, UNITED KINGDOM - Dec 8 2010 - Next-generation poker room PKR.com celebrates another big win after picking up the highly sought after Poker Operator of the Year at the 2010 E-Gaming Review Awards ceremony that took place in London recently.
Fighting off a strong field which included household names such as PartyGaming, 888 and William Hill Online, judges praised PKR for demonstrating how originality and constant innovation could build a successful business in the face of liquidity challenges. The award also means that PKR is the holder of both major industry Poker Operator of the Year awards, having won the IGA version in January this year.
Malcolm Graham, CEO of PKR said; "The EGR Awards are very important for the online gaming industry and it is a fantastic achievement for PKR to have won this prestigious award. 2010 has been an astounding year for us and we look forward to adding this title to this year's portfolio, which also includes the top spot in the Sunday Times Tech Track 100."
The E-Gaming Review Awards ceremony took place at the Honorable Artillery Company in the heart of London on 24th November 2010. The event was hosted by comedian Jack Whitehall, and was attended by over 800 people from the gaming industry.
Founded in 2004 by serial entrepreneur Jez San, PKR is headquartered in Camden, London and now employs over 100 staff. It has over 4 million registered users and has won numerous awards including 'Hotshot Operator of the Year' at the 2008 E-Gaming Review Awards, 'Poker Operator of the Year' at the 2010 International Gaming Award and the UK's fastest growing technology company in the 2010 Sunday Times Tech Track 100.
About PKR (www.pkr.com)
PKR is a revolutionary new concept in online poker that has changed the way the game is played.
Featuring stunning real-time 3D graphics and a uniquely engaging and immersive gaming system, PKR brings an unparalleled and previously unseen level of realism to online poker.
Developed by some of the brightest stars in the video games and poker industries, PKR continues to be the most innovative poker room in the world.
For more information on PKR, please visit www.pkr.com
Profiles
PKR.com
PKR Poker
PKR Casino
APT Philippines
Poker
Online Poker
Casino
Website Network
Media Man International
Media Man
Media Man Australia
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Media Man Canada
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Global Gaming Directory
Saturday, January 1, 2011
Poker News Media: Gibraltar Raises Taxes on Online Gambling Companies
Profiles
PartyGaming PartyCasino.com PartyPoker.com Bwin PartyBingo.com World Poker Tour
Britain
Gibraltar
Websites
PartyCasino.com PartyPoker.com PartyBingo.com PartyGammon.com World Poker Tour
The British territory of Gibraltar has announced that it will be drastically inflating its taxes on all online gambling firms starting in January, a decision that could prove costly for several online poker sites. Online gambling companies are currently paying just a 1% tax in Gibraltar, with a ceiling of £425,000, but starting next month, they’ll be forced into the same 10% tax rate as other Gibraltar businesses pay.
Gibraltar has been an ideal location for many online gambling sites due to the low tax rate and has become something of an “online gambling capital” as a result. Poker rooms such as PartyPoker and 888poker currently hold their headquarters in the territory and the online bookmakers Ladbrokes and William Hill made the move to Gibraltar in 2009 – a decision that was expected to cost the Treasury of the United Kingdom about £12 million per year.
Gibraltar’s first minister, Peter Caruana, said the tax increase has been called for by Gibraltar government’s decision to conform to European law. "To comply with EU law, we must phase out the tax exempt company in 2010," Caruana said. "However, in order to sustain our successful economic model, we must retain a commitment to a very competitive corporate tax model."
PartyGaming, which owns and operates PartyPoker from Gibraltar, recently released details concerning its long-awaited merger with online gambling giant bwin. PartyGaming said in a statement that it would keep its headquarters in Gibraltar while bwin continues to operate in Austria. Whether the news of the tax increase changes those plans remains to be seen. "We’ve known about this for some time and we’ve factored it in," said PartyGaming spokesman John Shepherd. "The tax is still going to be very low."
According to a report in The Guardian, while online companies will now pay the standard 10% tax rate paid by other businesses, they will still not be subjected to any Value Added Tax (VAT), meaning that Gibraltar will remain an attractive setting for gambling companies. VAT is a consumption tax only on the "value added" to a product, material or service – similar to the state sales tax that most U.S. residents pay.
Many experts seem confident that the tax increase won’t cause companies like PartyGaming to flee to other locations. Victor Chandler, Chairman of independent bookmaker Victor Chandler International, expressed his assurance in an interview with regional newspaper El Pais: "Nobody will leave, although we’ll all complain about the tax going up." Chandler began his U.K.-based company in 1946 that does much of its business online, including sports betting, casino games, and poker.
The decision will likely add up to big things for Gibraltar in the near future. Under the current 1% tax rate, Gibraltar collected £10.5 million in revenue from online gambling taxes in 2009. So long as online gambling firms decide to stay put, the government can expect to see that number magnify in the coming years.
Online gambling has proven to be an extremely important source of revenue for Gibraltar and it is believed that 2,000 people currently work in the sector, which is around 12% of the island’s workforce. The industry has also helped to protect the local economy against neighboring Spain’s harsh economic conditions. Of Gibraltar’s 30,000 residents, only 600 (2%) are unemployed. The bordering Spanish city of La Línea de la Concepción is estimated to have 10,000 of its 65,000 inhabitants (15%) out of work. (Credit: Poker News Daily)
Profiles
PartyGaming
PartyCasino.com
PartyPoker.com
PartyBingo.com
PartyGammon.com
PartyBets.com
GameBookers.com
FoxyBingo.com
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The British territory of Gibraltar has announced that it will be drastically inflating its taxes on all online gambling firms starting in January, a decision that could prove costly for several online poker sites. Online gambling companies are currently paying just a 1% tax in Gibraltar, with a ceiling of £425,000, but starting next month, they’ll be forced into the same 10% tax rate as other Gibraltar businesses pay.
Gibraltar has been an ideal location for many online gambling sites due to the low tax rate and has become something of an “online gambling capital” as a result. Poker rooms such as PartyPoker and 888poker currently hold their headquarters in the territory and the online bookmakers Ladbrokes and William Hill made the move to Gibraltar in 2009 – a decision that was expected to cost the Treasury of the United Kingdom about £12 million per year.
Gibraltar’s first minister, Peter Caruana, said the tax increase has been called for by Gibraltar government’s decision to conform to European law. "To comply with EU law, we must phase out the tax exempt company in 2010," Caruana said. "However, in order to sustain our successful economic model, we must retain a commitment to a very competitive corporate tax model."
PartyGaming, which owns and operates PartyPoker from Gibraltar, recently released details concerning its long-awaited merger with online gambling giant bwin. PartyGaming said in a statement that it would keep its headquarters in Gibraltar while bwin continues to operate in Austria. Whether the news of the tax increase changes those plans remains to be seen. "We’ve known about this for some time and we’ve factored it in," said PartyGaming spokesman John Shepherd. "The tax is still going to be very low."
According to a report in The Guardian, while online companies will now pay the standard 10% tax rate paid by other businesses, they will still not be subjected to any Value Added Tax (VAT), meaning that Gibraltar will remain an attractive setting for gambling companies. VAT is a consumption tax only on the "value added" to a product, material or service – similar to the state sales tax that most U.S. residents pay.
Many experts seem confident that the tax increase won’t cause companies like PartyGaming to flee to other locations. Victor Chandler, Chairman of independent bookmaker Victor Chandler International, expressed his assurance in an interview with regional newspaper El Pais: "Nobody will leave, although we’ll all complain about the tax going up." Chandler began his U.K.-based company in 1946 that does much of its business online, including sports betting, casino games, and poker.
The decision will likely add up to big things for Gibraltar in the near future. Under the current 1% tax rate, Gibraltar collected £10.5 million in revenue from online gambling taxes in 2009. So long as online gambling firms decide to stay put, the government can expect to see that number magnify in the coming years.
Online gambling has proven to be an extremely important source of revenue for Gibraltar and it is believed that 2,000 people currently work in the sector, which is around 12% of the island’s workforce. The industry has also helped to protect the local economy against neighboring Spain’s harsh economic conditions. Of Gibraltar’s 30,000 residents, only 600 (2%) are unemployed. The bordering Spanish city of La Línea de la Concepción is estimated to have 10,000 of its 65,000 inhabitants (15%) out of work. (Credit: Poker News Daily)
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Sunday, December 26, 2010
PartyPoker Reviving Million Dollar Hand in January - 22nd December 2010
In January, PartyPoker will be bringing back one of its most popular promotions ever, the Million Dollar Hand. All you have to do is make a pair in a five-card poker hand to be awarded a prize, and a $1 million jackpot is on the line.
Accumulating cards is quite simple. You’ll get one for every 15 PartyPoints you rack up between January 5th and January 30th. When you’ve amassed five cards, you’ll have a hand. If it contains a pair, then $3 will be coming your way. If it contains two pair, then your prize will be upped to $10. If you manage to score three of a kind, then you’ll get a $20 cash prize. That’s pretty simple, right?
Players who land a straight in the Million Dollar Hand will take home $50, while those who pick up a flush will see $100 come their way. Players who make a boat will get $150, while anyone who hits quads will receive a $1,000 cash prize. Now, we’re into the big money, as straight flushes are worth $10,000. Finally, anyone who manages to score a Royal Flush will divide a $1 million prize pool, which means if two players hit it, each person will actually take home $500,000. If only one person makes a Royal Flush, they’ll take home the seven-figure jackpot.
The best part about the Million Dollar Hand is that PartyPoker is awarding every player his or her first card for free. No play is required! Just log into your PartyPoker account to see what your first card is.
Now, let’s review some of the terms and conditions of the PartyPoker Million Dollar Hand. First, you’ll only be able to acquire 10 cards per day for a total of two five-card poker hands. Second, if you fall short of 15 points, PartyPoker will carry them over to the next day. Third, you have to reveal your cards manually. In order to do so, log into your PartyPoker account and see what you’ve amassed. If you don’t reveal your cards, they won’t count.
PartyPoker players will have until the end of the day Eastern Time on January 31st to reveal any cards they’ve received and only points accumulated at cash game tables will count. Finally, as text found on PartyPoker’s website notes, "Cash prizes will be paid to players within an hour of them revealing their hand apart from Royal Flush winners, who will be paid on February 1st."
PartyPoker is one of the industry leaders when it comes to unique promotions like the Million Dollar Hand. In fact, the site is concurrently running a Million Dollar Hand VIP Points Race for Palladium Lounge members. Players will earn the same cash prizes as in the Million Dollar Hand and also rack up points based on their hand’s value. The top two spots on the leaderboard pay out a World Poker Tour (WPT) L.A. Poker Classic prize package worth $14,000.
The top 200 spots in the Million Dollar Hand VIP Points Race pay out, with a minimum prize of $100 up for grabs. The top 30 spots award four-figures and everyone who reaches the top 500 scores a seat into the Million Dollar Hand VIP Freeroll, which doles out a WPT prize package to its winner. Palladium Lounge members will receive extra race points for accumulating over 300 PartyPoints in a single day.
According to the traffic ranking site PokerScout.com, PartyPoker is the third largest site worldwide in terms of real money ring game volume with a seven-day running average of 3,600 players. It just edges out the iPoker Network, but is well behind PokerStars and Full Tilt Poker, which rank first and second worldwide, respectively. PartyPoker’s team of sponsored pros includes Poker News Daily Guest Columnist Mike Sexton, poker bad boy Tony G, and "High Stakes Poker" hostess Kara Scott. (Credit: Poker News Daily)
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Accumulating cards is quite simple. You’ll get one for every 15 PartyPoints you rack up between January 5th and January 30th. When you’ve amassed five cards, you’ll have a hand. If it contains a pair, then $3 will be coming your way. If it contains two pair, then your prize will be upped to $10. If you manage to score three of a kind, then you’ll get a $20 cash prize. That’s pretty simple, right?
Players who land a straight in the Million Dollar Hand will take home $50, while those who pick up a flush will see $100 come their way. Players who make a boat will get $150, while anyone who hits quads will receive a $1,000 cash prize. Now, we’re into the big money, as straight flushes are worth $10,000. Finally, anyone who manages to score a Royal Flush will divide a $1 million prize pool, which means if two players hit it, each person will actually take home $500,000. If only one person makes a Royal Flush, they’ll take home the seven-figure jackpot.
The best part about the Million Dollar Hand is that PartyPoker is awarding every player his or her first card for free. No play is required! Just log into your PartyPoker account to see what your first card is.
Now, let’s review some of the terms and conditions of the PartyPoker Million Dollar Hand. First, you’ll only be able to acquire 10 cards per day for a total of two five-card poker hands. Second, if you fall short of 15 points, PartyPoker will carry them over to the next day. Third, you have to reveal your cards manually. In order to do so, log into your PartyPoker account and see what you’ve amassed. If you don’t reveal your cards, they won’t count.
PartyPoker players will have until the end of the day Eastern Time on January 31st to reveal any cards they’ve received and only points accumulated at cash game tables will count. Finally, as text found on PartyPoker’s website notes, "Cash prizes will be paid to players within an hour of them revealing their hand apart from Royal Flush winners, who will be paid on February 1st."
PartyPoker is one of the industry leaders when it comes to unique promotions like the Million Dollar Hand. In fact, the site is concurrently running a Million Dollar Hand VIP Points Race for Palladium Lounge members. Players will earn the same cash prizes as in the Million Dollar Hand and also rack up points based on their hand’s value. The top two spots on the leaderboard pay out a World Poker Tour (WPT) L.A. Poker Classic prize package worth $14,000.
The top 200 spots in the Million Dollar Hand VIP Points Race pay out, with a minimum prize of $100 up for grabs. The top 30 spots award four-figures and everyone who reaches the top 500 scores a seat into the Million Dollar Hand VIP Freeroll, which doles out a WPT prize package to its winner. Palladium Lounge members will receive extra race points for accumulating over 300 PartyPoints in a single day.
According to the traffic ranking site PokerScout.com, PartyPoker is the third largest site worldwide in terms of real money ring game volume with a seven-day running average of 3,600 players. It just edges out the iPoker Network, but is well behind PokerStars and Full Tilt Poker, which rank first and second worldwide, respectively. PartyPoker’s team of sponsored pros includes Poker News Daily Guest Columnist Mike Sexton, poker bad boy Tony G, and "High Stakes Poker" hostess Kara Scott. (Credit: Poker News Daily)
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