..

Bwin.PartyGaming, 888.com Significantly Benefitting From Full Tilt Poker Closure

Written by:
Aaron Goldstein
Published on:
Aug/31/2011
Bwin.PartyGaming

Bwin.PartyGaming, what is now the largest Internet gambling enterprise, stated on Wednesday that it would particularly benefit from the suspension of Full Tilt's poker licence in America which "removed a major competitor".

Although revenues have slipped 3 percentto 398 million (£352.9 million)during the first half of the year while profits fells 21 percent, the betting firm felt confident enough to restore a dividend payment of 1.56p.

It is also planning to buy back 75million of shares - which rallied 17percenton the figures, up 18.2p at 128.1p, according to ThisIsLondon.com.

Bwin.PartyGaming is a combination of what was Europe’s largest online sports betting operation, Bwin, and what has routinely been the world’s third largest online poker company, PartyGaming.  For a brief time period following the shutdown of Full Tilt Poker on June 29, Party had captured the number two spot in terms of overall poker traffic.  It has engaged in a tightly contested battle with iPoker for that coveted spot.

888.com also appears to be benefitting from Full Tilt Poker’s abrupt shutdown.  Sales in the half year were up 18% to $154 million.

- Aaron Goldstein, Gambling911.com

download 888poker

Gambling News

Unmasked Man Removed in Handcuffs From Vegas Casino

Unmasked Man Removed in Handcuffs From Vegas Casino

Video of a gambler in Las Vegas being cuffed by security for refusing to wear a mask in the 4 Queens Casino has surfaced on The Sun website, not to mention headlining the Drudge Report.

"Evolve or Die": Tribal Chief Talks Draftkings Partnership in MI

"Evolve or Die": Tribal Chief Talks Draftkings Partnership in MI

Bryan Newland, chairman of the Bay Mills Indian Community, explained why his tribe was so quick to partner with Draftkings in an effort to bring legalized sports betting to Michigan.

PGA Tour Next Frontier for Gambling? Wirecard Processed for Mafia-Controlled Casino

PGA Tour Next Frontier for Gambling? Wirecard Processed for Mafia-Controlled Casino

PGA Golf is looking to make a major impact in the world of legalized gambling and sports betting.

Hill's Asher in Line of Fire Following Twitter Tirade Attacking Offshores

Hill's Asher in Line of Fire Following Twitter Tirade Attacking Offshores

VSiN's Gill Alexander @beatingthebook is the latest to lash out at William Hill CEO Joe Asher for his attack on the offshore sports betting industry.

Is Gambling a Business?

Is Gambling a Business?

Gambling is not just a business, but a multi-billion dollar worldwide business that people have been involved in one form or other since the beginning of time. However, nowadays it is a very serious business that earns people unprecedented amounts of money.

Syndicate