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GOOD Q.2 FOR ENTRACTION
The online poker company formerly known as 24hPoker, Entraction Holding AB in Sweden and Malta has posted a commendable net profit of SEK 8.4 million - all the more remarkable when compared to last year's SEK 11.3 million loss.
Net revenues of SEK 77.6 million were achieved, 48.4 percent up on the same period in 2007, with casino revenues growing at SEK 14.6 million and poker revenues reaching SEK 51.9 million.
Entraction Holding AB, through its subsidiaries, develops software systems for online gaming in Sweden, and offers software systems for poker, sports betting, and casino.
The company also operates a poker network on Malta, and provides a range of peripheral services, such as Web site design, gaming licenses, operation, payment systems, promotional tools, and end-user support; and tools that work together with its software for poker, betting, and casino, as well as online gaming software from other providers.
Operationally, Entraction holds, through Casablanca Gaming Group AB, online gaming sites, including 24hPoker.com, Martinspoker.com, Staffpoker.com, Danepoker.com, and Norpoker.com. The company was founded in 2000 as 24hBET AB and changed its name to 24hPoker AB in 2005. It further changed its name to Entraction Holding AB in 2007. Company headquarters are in Solna, Sweden.
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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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