Business & Financial

Online Poker Traffic Sees 3 Percent Drop Off: Bodog Poker Hits 1000 Mark

Last week the online poker industry witnessed another 3 percent drop in traffic.

Nine of the top ten networks saw a drop.  Merge Poker was the lone exception, seeing a 4 percent increase in traffic.  That network is supposed to begin allowing new US registrants any day now.

Bodog Poker and Cake Poker, both of which accept US customers, enjoyed modest gains as well, “indicating a general resurgence for US-facing sites,” according to PokerScout.com.

Submitted by Patrick Flanigan on, Aug/23/2011

Full Tilt Poker Ship Keeps Sinking: Talks With Potential Investors Fall Through

The now defunct online poker company Full Tilt Poker announced on Monday that discussions with potential investors regarding the purchase of assets have fallen through.

Submitted by C Costigan on, Aug/22/2011

Merge Poker Network: She’s a Naughty Little Tease

Waiting for the Merge Poker Network to re-enter the US market is like waiting for the fall of Gaddafi at this point, only it’s taking longer.

Submitted by Jagajeet Chiba on, Aug/21/2011

Second Class Action Lawsuit Filed Against Full Tilt Poker

Yet another class action lawsuit has been filed against the now defunct online poker firm Full Tilt Poker.

Two Canadians, Zayn Jetha and Donald Whelan, are the plaintiffs in the latest action, which was filed in the United States District Court for the Southern District of New York last week.

Submitted by Ace King on, Aug/18/2011

PartyGaming Bwin Takeover Rumors: Everest Revenue Down 19 Percent

Online poker news for August 19, 2011 has PartyGaming Bwin as a possible takeover target while the online poker network Everest continues to witness a drastic decline in revenues. 

Bwin.Party became the world’s largest online gambling company after the two companies merged back in March.  Rumors of an entry into the US market have prompted news that Wynn Resorts might be interested in taking over the firm.  The UK’s largest bookmaker, William Hill, has also been linked to a potential takeover of Bwin.Party. 

Submitted by Aaron Goldstein on, Aug/18/2011

Company Files Patent Infringement Lawsuit Against Zynga

With the US Justice Department aggressively seizing domain addresses of companies alleged to be involved in patent infringement, Zynga better be careful.

Submitted by Aaron Goldstein on, Aug/17/2011

Manchester United Planning a $1 Billion IPO in Singapore

Manchester United, the England Premier League champions, are reportedly planning a $1 billion Initial Public Offering in Singapore (IPO). 

Submitted by Aaron Goldstein on, Aug/17/2011

888Poker Up 128 Percent, PartyPoker.fr Climbs As Well

Submitted by C Costigan on, Aug/16/2011

CEO of Ceasar’s Gary Loveman: “I do Believe There’s a Will in Congress to Correct This (UIGEA)”

In an interview over the weekend with the Financial Times of London, Ceasar’s CEO Gary Loveman said he feels legalized Internet poker will be inevitable in the very near future. 

“We’ve had in the United States this bizarre situation where it has been legal for Americans over (the age of) 21 to play poker online but illegal for American companies to provide that service.  I can’t think of another example where there is something an American can buy but no American entity can provide.  It’s a very unusual situation and that’s what we’ve been through for some time.

Submitted by Ace King on, Aug/16/2011

Sportingbet Trading on London Stock Exchange Suspended

One of the largest online sports betting firms in the world, Sportingbet, has suspended trading on the London Stock Exchange.

Submitted by Aaron Goldstein on, Aug/16/2011

Jockey Club $10 Million Marketing Free-to-Play Horse Racing Mock Betting Site, Social Networking

The free-to-play poker site model has proven huge and now the horse racing sector is looking to capitalize with the Jockey Club’s $10 million marketing commitment.

www.twinspires.com

Submitted by C Costigan on, Aug/15/2011

PartyPoker Wins Battle for Number Two But War Continues

It didn’t take long but PartyPoker has once again claimed the number two spot among the largest online poker rooms.

Submitted by Ace King on, Aug/15/2011

Zynga Poker Makes its Google+ Debut in Battle With Facebook Over Online Gaming

The biggest free poker site online for Texas Hold’em fans, Zynga, has made its Google+ debut along with Angry Birds. 

Submitted by Aaron Goldstein on, Aug/11/2011

Las Vegas Hilton Goes Into Default

Submitted by Aaron Goldstein on, Aug/10/2011

Unibet 2011 First Half Numbers Falls 11 Percent

Submitted by Aaron Goldstein on, Aug/10/2011

iPoker Overtakes PartyPoker in World Traffic Rankings: First Time in Second Place

For the first time in its history, the iPoker Network has landed in the second place spot of the world’s most trafficked online poker rooms.

Submitted by C Costigan on, Aug/08/2011

The Party’s Over: Tournament Rake Returns at PartyPoker

Submitted by Ace King on, Aug/07/2011

Deck Media, Slot-O-Cash Online Casinos Leave US Market…And Good Riddance

Yet more dramas for igaming companies who have targeted the US.

Submitted by Greg Tingle on, Aug/05/2011

In-Play Wagering, Mobile Gambling Helps Boost William Hill Numbers

The UK’s biggest bookmaker, William Hill, witnessed a 23 percent year-on-year increase in online net revenues, driven heavily by mobile and in-play wagering.

Submitted by Aaron Goldstein on, Aug/05/2011

Stocks Plummet in Online Gambling Sector

Submitted by Aaron Goldstein on, Aug/05/2011

Sports Betting Ireland: Ladbrokes Hit Hard by Cheltenham

Submitted by Aaron Goldstein on, Aug/04/2011

European Poker Tour Season 8 has a New Sponsor

Submitted by Ace King on, Aug/02/2011

Breaking News

Say No to Sportsbook Blacklist

Since Gambling911.com revealed that seven sportsbooks had gotten together to share player information, everybody in the industry is talking.

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