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IGT Poker Network Traffic Plunges

Wednesday September 19,2012 : IGT POKER NETWORK TRAFFIC PLUNGES (Update)
US company's decision to pull back on internet poker has an immediate impact
This week's statistics from the independent online poker monitor Pokerscout illustrate how quickly business decisions translate into a modern marketplace, with traffic at IGT Poker network plunging 30 percent in the wake of the US company’s decision to pull back from the sector
Amid reports that member sites and players alike have begun to jump ship, IGT appears to be focusing on social gaming through its recent acquisition DoubleDown Casino until the legal position in the United States has been settled.
Advances by the Microgaming Poker Network over the past two weeks, where traffic soared over 30 percent, also seem to have eased, with Pokerscout reporting that the network slid two spots to end the week at number eight on the Top Ten traffic sites.
Overall, online poker traffic fell 0.5 percent after a month of strong gains. Party Poker leveraged some major promos into a 12 percent boost in traffic in its second double-digit gain running, although the iPoker Network held on to its second placing behind behemoth Pokerstars, shrugging off the dire predictions that its split into two tiers would cause grief with a mere 2 percent fall in action.
Among the US-friendly networks Bovada overtook the Merge network, and Revolution continued to prosper.
Compared with the same period last year, the global online poker market traffic fell 11 percent, with the Top Three sites all showing declines as follows despite the introduction of widespread promotions, tournaments, revised network structures and game innovations:
PokerStars: 8 percent
iPoker Network 31 percent
PartyPoker 30 percent
Internet poker companies that show improvements in traffic since this time last year were led by Revolution Gaming (Cake Poker) which is up 73 percent.
Poker rooms and networks that were not so fortunate include: IGT Poker (Entraction) down on the year by 63 percent; International Poker Network down 46 percent; Everest Poker down 44 percent; PKR down 31 percent; Ongame Network down 21 percent and Merge Gaming Network down 16 percent.
The small Winning Poker Network, formerly Yatahay, continues to flourish, showing traffic up on the year by 200 percent.

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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.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

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.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

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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