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HARD TIMES FOR BODOG?
Unsubstantiated reports in online media such as Poker News Daily and 911 indicate that the Bodog online gambling group has let go "hundreds of employees" this week in what is being interpreted as a precursor to departing the US market, although this has been denied by company spokesmen.
There are allegations that the company has been slow-paying customers in recent months, although this may well be a not uncommon problem associated with processing American payments occasioned by the UIGEA.
It is known that the company has been making a determined push into Europe and Asia since early 2008, although as far as online poker operations are concerned this is not yet reflected in their latest PokerScout rankings, which have shown a fall in the average number of real cash players per week, repositioning the operation at number 14 below networks like Cake, Absolute and Microgaming.
Last year, following a bruising legal encounter over patents with First Technology LLC, Bodog lost control of its original domains in a $48 million default judgement by US courts. Founder and at that time President Calvin Ayre subsequently signed a deal with Morris Mohawk Gaming Group of Kahnawake, Quebec, giving it the rights to use the Bodog brand to serve customers throughout North America, whilst international operations remained in Antigua.
Apparently the company then moved most of its operations from Vancouver to Montreal - a short distance from the Kahnawake First Nation enclave where Morris Mohawk is situated. The new regime, according to Poker News Daily’s source inside Bodog, lost many quality employees who did not wish to make the move from Vancouver.
"The staff that had grown to make Bodog one of the top internet gambling sites in the world had, in essence, turned over," the information site opines. In more recent times (see previous InfoPowa reports), Ayre announced his permanent retirement from Bodog, and has been low profile ever since.
It is now claimed - again on the basis of allegations by an unnamed insider - that in the past week, Bodog has laid off close to 250 employees in Canada, from customer service to management, and staffing levels are currently down to approximately 200 employees, split equally between Vancouver and Montreal. Advertising management has departed following a suspension in the activities of that division.
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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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