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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 :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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