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Equity Poker Network Launches
Wednesday March 13,2013 : EQUITY POKER NETWORK LAUNCHES
Promotional blurb says the new Costa-Rica based Equity Poker Network is a cooperative non-profit poker network where operators can now sign up to a fairer future where profit and cross cage is balanced ensuring that mostly losing players will be winners.
“We’re rewriting the rules to provide small and medium size businesses with an opportunity to offer their players online poker without losing their shirts each month to cross cage and sharp players,” said Clive Archer, described at the "architect" of the EquityPokerNetwork.com. “We understand how valuable player wallets are to operators, and can now offer a solution with our new cooperative poker network where everyone wins.”
EPN says it will redistribute profits back to operators on a basis of contribution and offer very low fixed fees to be part of the network. Additionally the network rules will be less restrictive on promotions and provide lower costs, better liquidity and a level playing field ensuring that even recreational player bases will flourish.
“Equity Poker Network is on track to make many operators leap at the chance to become a part of the cooperative, sick of the month on month costs of having online poker as the black sheep of their product set – now they will have something to really get behind,” continued Archer. “With rock solid software that has been tried and tested for over 10 years we are certain that creating this new fairer playing field for both operators and players is going to provide a huge relief to all that will be joining our Network over the coming months.”
Established by an un-named group of investors who reportedly have a long-term "blue chip track record in Gaming", EPN offers additional revenue opportunities such as proprietary sportsbook, terminal products and
Archer is believed to be the previous chief executive officer of BetOnline which was bought out in early 2010 by ex managers of BetonSports Dalton Wagner and Clive Archer.
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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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