PokerStars makes Play Money chips available to buy

iGaming Business – Online poker operator PokerStars is to allow customers to purchase Play Money chips as part of a strategy to expand and enhance its poker gaming services. According to the Pokernews.com website, players on PokerStars can purchase 350,000 Play Money chips for $1.99 (€1.47), or two million chips for $9.99, but the Play Money cashier page said the most popular package is 7.5 million play chips for $24.99. Play Money tables are popular with players in locations in which access to full online poker is not permitted, such as the US market. Although no real money is at…

Bwin.Party Q3 Revenues Fall 21 Percent

Gambling 911 – Online gambling company Bwin.party said a block on access to its products in Greece would dent revenue and profit this year. Bwin said on Wednesday revenue fell 21 percent in its third quarter to 145.7 million euros ($195.8 million), reflecting a strategy of aiming to focus on fewer markets where it hopes to make higher returns. It said action by the Greek authorities to block Internet access to over 400 gaming sites including its own would have a modest net impact on revenue and EBITDA this year. “As we expected, our underlying third quarter performance appears to…

Nevada & Delaware governors discuss online gaming compact

Las Vegas Sun – Gov. Brian Sandoval said he has talked with Delaware Gov. Jack Markell about allowing Nevada’s online poker games to operate in that state. He called the conversation “positive,” but nothing is expected to happen soon. The state Gaming Commission adopted a regulation Oct. 25 encouraging the governor to seek compacts with other states that also allow online gaming. There are only two other states that have approved online gaming — Delaware and New Jersey. “Delaware is the only one that has gone live that would be a candidate,” Sandoval said. But state officials there want “time…

Five Atlantic City Casinos Receive Online Gaming Waivers

State approvals announced Friday all but guarantee that several Atlantic City casinos will be prepared to offer online gambling by the Nov. 26 launch. The New Jersey Division of Gaming Enforcement released a list of companies that have been awarded waivers, authorizing them to engage in Internet gambling activities later this month. A trial period begins Nov. 21. The waivers indicate that the companies have submitted complete applications and have passed preliminary investigations. A license will still be needed to operate in New Jersey in the long term, according to state guidelines. The casino entities offering Internet gambling also have…

New Jersey expands self-exclusion for problem gamblers to online sites

APP.com – New Jersey is extending its self-exclusion list to allow people to ban themselves from online betting. The action comes with Internet gambling set to begin in just over two weeks, and some advocates worry about a spike in compulsive gambling. New Jersey, like many other states, allows people who feel they have a gambling problem to place their names on a list of those who are not allowed to enter any of Atlantic City’s 12 casinos. The state Gaming Enforcement Division is automatically extending the list to cover Internet gambling, as well. People already on the exclusion list…

Social gaming boosts IGT 2013 revenue growth

iGaming Business – Gaming products designer and manufacturer International Game Technology (IGT) has reported a 9% rise in total revenue for the 2013 fiscal year following significant growth in social gaming sales. IGT said total revenue for 2013 was $2.3 billion (€1.7 billion), up from the $2.2 billion recorded in 2012, despite having only recorded slight revenue growth in the fourth quarter of this year. The figure was boosted by social gaming revenue, which grew to $219 million, a 151% rise. Social gaming also grew by 72% in the fourth quarter alone. Operating income at IGT grew to $494 million,…