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New Bitcoin Poker Network
Tuesday April 29,2014 : ONLINE POKER SOFTWARE PROVIDER SET TO LAUNCH BITCOIN NETWORK
Enterra's entering a risky business.
The launch of a new Bitcoin-denominated online poker network is imminent, according to a report in the publication Coin Report this week, which reveals that online poker software provider Enterra is behind the project.
The new network is apparently specifically designed to allow skins to accept Bitcoins for deposits and withdrawals
Enterra CEO, Dimitry Starostenkov, claimed in a press release quoted by Coin Report:
“Starting your Internet business via our Bitcoin poker network, you get your own poker room with up to 12 poker game types, games with different limits, and tournaments.”
Starostenkov also stated that would-be operators are not required to obtain a gaming licence or set up an offshore business account, and that there will be no set-up fees for players eager to wage their bitcoins in a round of poker.
“We are interested in business development, and our compensation for the service is only the percentage of rake we earn together,” he added, noting that virtual currency gambling sites were popular because players remain anonymous, especially those in countries with strict gaming laws.
In related news, Coin Report publicises the approaching one year anniversary of Predictious.com, a Bitcoin denominated online gambling site that exploits a loophole in US laws against such enterprises.
The Commodity Futures Trading Commission restricts prediction markets that exchange in cash, but do not yet do so for bitcoin betting sites, creating an opportunity for sites like Predictious, the publication reports.
Punters on Predictious.com use bitcoins to bet on unique items of interest such as presidential election outcomes and sporting events.
The Ireland-based gambling site launched back in July 2013, and only allows bitcoin wagering.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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