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Bovada Transfers Poker To Ignition Casino

BOVADA SELLS ONLINE POKER ASSET TO NEWBIE IGNITION CASINO
 
Speculation rife on rationale behind sale of a successful enterprise.
 
The announcement Tuesday by online gambling operator Bovada that it has sold its successful online poker asset to newbie company Ignition Casino has triggered much speculation on poker forums like twoplustwo, with posters examining the similarities between the two companies and trying guess at the rationale behind the deal.
 
It appears that only the poker assets of Bovada are included in the agreement - the Bovada online casino, race book, and online sports book will continue to operate  under the Bovada brand.
 
The company announcement read:
 
"We have an important announcement to share with you: Bovada Poker has been acquired by Ignition Casino Poker. The acquisition will require all poker players to transfer their account by September 30. Following this date, Bovada Poker will no longer be available, however, access to Bovada’s sportbook, casino and racebook products will remain.

You Can Visit Ignition Casino Poker Here and either get set up or read all about the move
 
"Because Ignition Casino uses the same platform as Bovada Poker, everything you enjoy such as; anonymous tables, Zone poker, mobile poker and guaranteed tournaments, like the weekly $100K, will be there waiting for you. Additionally, until the transition is complete, both sites will operate simultaneously with shared player pools.
 
"We’ll do everything we can to make this transition as smooth as possible so please be sure to visit our Migration FAQ page. There you’ll find information on account transfers, how to score generous migration bonus, what to do with your Poker Points and any other question you may have.
 
"We’re fully confident in Ignition Casino’s ability to offer an equal level of service and security you’ve been used to at Bovada. Find out more by checking out their website today."
 
Ignition Casino is a relatively new arrival (launched this year) on the online gambling scene and operates Latvian-domained sites CafeCasino.lv and Slots.lv in addition to Ignition Casino.eu. The owner is listed by the Kahnawake Gaming Commission as Lynton Ltd.
 
Ignition offers online casino gaming along with poker and has hitherto been a skin on the Bovada poker network.
 
Interestingly, Bovada holds the only other Latvian domain; according to the KGC the owner of Bovada is Salmon River Technologies, and like Lynton Ltd little is known or published on the company.
 
The Bovada and Ignition websites are very similar to one another, posters on 2+2 point out as they seek an explanation on why a successful US-facing online poker enterprise like Bovada would suddenly sell off its poker interests to a little known newcomer for an undisclosed consideration.
 
Some posters have gone as far as to suggest that the deal is between closely related companies, suggesting similarities in the manner in which Bodog created Bovada back in 2011.
 
Bovada - Bodog - Ignition poker player pool sharing will remain in place until October 1 after which Bovada involvement will fall away, leaving Bodog and Ignition as partners.
 
Player points will not be transferred, but Bovada is offering several ways for players to cash these in.
 
Independent statistics on Bovada from online poker monitor Poker Scout illustrate a company that has been consistently successful in the online poker market over the past few years, making the mystery of its sale more intriguing.
 
Our readers may recall that Bodog was originally founded by Calvin Ayre at the turn of the century, but following the passage of the UIGEA in 2006 the entrepreneur sold the online gambling operational part of the business to the Kahnawake-based Morris Mohawk Gaming Group, which in turn founded the US-facing Bovada group following Black Friday in April 2011, migrating all players to the Bovada brand.

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Gambling News :

Jack Lam on the Run - "Our records also showed Lam arrived in Manila last Nov. 25 aboard a China Airlines flight from Taipei, she said, observing that there was no record of any return to the Philippines since his departure.

Golden Jungle Slot - IGT is about to launch online its popular land casino slot Golden Jungle, adding yet another jungle-and-temple themed game to the dozens already available to internet and mobile punters.

Philippines president Orders Arrest of Jack Lam casino magnate - Rodrigo Duterte, the shoot-from-the-hip Philippines president, has intervened in the fast-moving bribery scandal involving his Justice Secretary Vitaliano Aguirre, Pagcor chief Andrea Domingo and Macau-based casino magnate Jack Lam

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

Global Poker League Championship Results - #gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.

Yahoo DFS Gets Uk License - #yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.

SPANISH GAMBLING MARKET CONTINUES TO GROW - Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.

Novomatic Acquires Albanian National Lottery - #Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.

2016 Massachusetts Gaming Commission Report - Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.

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