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Equity Poker Network Launches

Wednesday March 13,2013 : EQUITY POKER NETWORK LAUNCHES
 
Believed to be headed up by ex-BetOnline CEO
 
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
casino games.
 
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 :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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