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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.



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NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

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NBA Odds: Wizards-Celtics at the Garden - The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.

A Night With Cleo Pays $180K Progressive Jackpot - We’d like to give a shout out to Juan S. from Texas for joining Bovada on a high note on Thursday May 4.

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