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IGT Scales Back On Online Poker

Thursday September 13, 2012 : IGT PULLS BACK ON INTERNET POKER
 
Casino supplier appears to be putting its $108.2 million purchase Entraction on the back burner
 
Online poker operators on the IGT Poker (formerly Entraction) network have been advised that International Gaming Technologies management has decided to radically scale back on internet poker operations due to weak business returns.
 
In addition, reports from Sweden indicate that the company has closed its offices in Stockholm, terminating the contracts of employees, and there is speculation that the network will be shuttered by year-end.
 
A confusing picture emerged this week as some operators said they had been given their marching orders effective December this year, whilst others confirmed they had not.
 
The company has thus far made no public statement on the future of Entraction, which it purchased barely a year ago for $108.2 million.
 
Operators on the network include BetVictor, Kick Off Poker, Devilfish Poker, 24h Poker, Redbet, Betsson and No IQ.
 
The news comes amid high hopes that IGT would be among the first to enter the Nevada regulated online poker market, where it has already been successful in acquiring licensing, but apparently Entraction will have no role in this intrastate initiative.
 
Since changing ownership Entraction has not done well, losing much of its traffic and now characterised as one of the weak performers, according to weekly stats from the independent online poker monitor Pokerscout.
 
There appears to have been minimal development by IGT, which has exacerbated the situation by imposing geographically-based restrictions on Entraction's action as it pursues a corporate ‘regulated markets’ business strategy.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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