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PartyGaming Danish Gambling Market
Playtech's opposition to the Party Gaming and Danske Spil deal will not slow internet giant down.
Party Gaming chief executive Jim Ryan addressed a number of questions on operational issues facing Party Gaming during his post-results press conference Friday, and one of these concerned the disruption of the Party Gaming - Danske Spil agreement to partner going into a newly liberalised Danish gambling market.
Licensing in Denmark comes into full effect in January 2011, and the b2b partnership would have seen state monopoly Danske Spil provided with online poker and casino products by Ryan's company. The wheels temporarily came off the project two months ago when rival software producer Playtech launched a successful spoiler complaint in which it claimed that mandatory tender procedures had not been adhered to.
Whilst not making any direct commitments in regard to the Danish market, Ryan stressed that the Party Gaming platform is fully geared up and ready for a Danish launch, and that it may not necessarily include Danske Spil.
"We positioned ourselves hopefully to do business with Danske Spil in future," Ryan revealed. "At this point in time, we have nothing to announce, but what I can tell you is that we are readying the Party Gaming platform, to launch in Denmark on January 1 2011."
He added that the trend for European governments to start regulating online gambling represented a good opportunity for his company to grow and compete more effectively with online poker majors like Pokerstars and Full Tilt, which had been taking advantage of Party Gaming's withdrawal from the US market to build their businesses.
Describing online poker as an intensely competitive market, Ryan said: "However, as we move into regulated markets, particularly ring fenced regulated markets, where competitors can’t bring worldwide liquidity into the equation to compete, we have a level playing field, an opportunity to invest freely in advertising and these factors equal growth."
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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