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NO MORE STANDALONE POKER FOR LADBROKES

The managing director for online gambling operations at UK gambling group Ladbrokes, John O'Reilly, revealed this week that the company is to change its poker strategy from being a standalone Internet poker room powered by Microgaming, to being a full member of the Microgaming Poker Network, joining over 40 other tier one poker operations and enhancing player liquidity.
 
“Most of the poker rake is generated by the high stakes players and we have taken the decision to offer them US liquidity from those individual states where there is less of a legal risk," O'Reilly explained.
 
"We have evaluated the legal situation and are happy with our position, ” he added, further explaining that high stakes players have left many European sites in favour of higher liquidity US-facing competitors.       
 
O'Reilly was commenting on the company's 2008 half yearly results, which saw the online gaming division of Ladbrokes achieve a 19.4 percent rise in net gaming revenues to GBP 86.6 million (H.1:2007 GBP 72.5 million).
 
Online poker NGR seems to have followed a developing trend in the industry, falling 6.4 percent to GBP14.7 million (2007 H.1: GBP15.7 million).
 
Elsewhere in the division, Internet sportsbook NGR climbed a creditable 18.5 percent to GBP32.1 million, and online casino NGR performed even better with a 19.8 percent growth. In-running revenues were particularly satisfying - up by 50 percent.
 
Divisional operating profits were flat year on year at GBP26.2 million, in line with Ladbrokes’ strategy announced back in February that it would focus on player acquisition during 2008, monetising same through to 2010.
 
“We intend to take advantage of our position in the market and invest heavily in player acquisition," O'Reilly reiterated. "Sign ups are up 30 percent on last year, and we have set a 20 percent growth target for NGR between now and 2010....we are bang in line with that.”
 
O'Reilly backed up his comments with impressive figures; Ladbrokes recruited some 237 000 new online gaming customers during the first half of the year, increasing the tempo of UK and European advertising. The key to success lay in retaining the players it had acquired, and this was a priority O'Reilly said.
 
Ladbrokes Group pre-tax profits for the six month period to the end of June fell to GBP 170 million from GBP192.7 million over the same period last year. Removing the volatile numbers from high rollers, gross win increased 13 percent to GBP 583.3 million, pre-tax operating profits fell 2 percent to GBP130 million and UK retail gross win increased 6.5 percent to GBP394.3 million.
 
Christopher Bell, the CEO for the wider Ladbrokes Group, said that performance had shown resilience despite the 'challenging' economic environment. Trading at the start of Q3 was looking up, with Group gross win for the period from 1 July to 5 of August rising by 11 percent overall," he revealed.



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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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