More Full Tilt Poker Money Released To Victims
Card Player – Another round of remission for victims of the old Full Tilt Poker went out on Tuesday, the group hired to help facilitate the massive process said. Garden City Group announced on its website that an additional $5 million of missing funds entered the hands of 2,200 players, collectively. Both figures are approximate. To date, around 30,000 poker players have been repaid around $81 million. In February, $76 million of player money was released, $1 million of which belonged to a single player. In the initial collection of the financial data, more than a million potential victims were…
French Online Betting Operator Continues to Grow
French online betting operator and platform supplier France Pari has recorded more than €4m in revenues during the first three months of 2014, generating EBITDA of €150,000 and net results of €80,000, the group said in a statement on Tuesday. The performance was achieved thanks to a 70% rise in France Pari’s operator activities and 87% rise in revenues for Sportnco, France Pari’s B2B division. The company’s focus on mobile will continue in the coming weeks, with the launch of France Pari’s iPhone app planned for this week and for its B2B clients pencilled in for the second quarter. France…
888 Thinks UK Tax May Increase Market Share
UK gaming operators are bracing for a market share change, as the UK government to push through a new gaming bill into law adding a new point of consumption (POC) tax. While the Gibraltar Betting and Gaming Association promises to fight this new gaming bill in the higher courts, it isn’t all doom and gloom for the biggest gaming operators, including 888. If this bill is passed as expected, the POC will tax all UK facing operators 15% on their remote gaming gross profits beginning December 1, 2014. According to 888 Holdings’ 2013 financial reports, 41% or $163.3 million of…
New Zealand warns Rugby players about betting penalties
Yahoo – The IRB has ramped up their anti-corruption fight with warnings that people involved in match-fixing could face a lifetime ban while players even placing a bet on a game could be slapped with a one-year suspension. The regulations, however, are seen as more preventive in nature, the New Zealand Rugby Union’s general manager of professional rugby, Neil Sorensen, said. “We haven’t heard of anyone betting (illegally) on rugby but we don’t want to risk it,” Sorensen told Reuters. “But the more global that rugby gets and the more there is live television coverage to places where illegal betting…
Japanese mobile game market worth $5.4bn in 2013
iGaming Business – Advertising and marketing company CyberZ has reported that the Japanese mobile gaming market is set for further expansion after it experienced substantial growth during 2013. A report from the firm valued the Japanese mobile gaming market at 546.8 billion yen (€3.9 billion/$5.4 billion) in 2013, up from around 311.1 billion yen in the previous year. CyberZ placed the most value on native applications, which were worth a total of 317.8 billion yen in 2013, compared to smartphone browser games that were valued at 229 billion yen. Mobile gaming is now responsible for approximately 50% of the overall…
The Regulated Poker Affiliate Dilemma
US Poker – Online poker is now regulated in three states. Affiliate opportunities are available in Nevada and New Jersey. The leader in affiliate programs so far is New Jersey. Becoming a regulated poker affiliate is not as easy as becoming one for an offshore site. Unregulated sites have a potential affiliate complete a web form. Some have a vetting process, while most will immediately give affiliates links that will track players. Regulated affiliates must go through an application process. New Jersey affiliates must apply for a vendor’s license before being allowed to market sites. Most operators help with this…
