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MPN To Launch lottery sit 'n go

Thursday May 19,2016 : MICROGAMING POKER NETWORK SET TO LAUNCH LOTTERY SIT 'N GO.
 
Fish Party progressive slot sets the scene for the plan.
 
Microgaming Poker Network chief Alex Scott revealed some interesting information on his company's forthcoming venture into lottery sit 'n go action this week whilst being interviewed by player and podcast presenter Joe 'ChicagoJoey' Ingram.
 
Scott revealed that MPN's variable prize pool SNG due to launch around July 12 will have a virtually unlimited progressive jackpot for the top prize at each buy-in level that has the potential to eclipse the million-dollar scores achieved on the popular Pokerstars Spin & Go offering.
 
Microgaming has massive experience in the progressive jackpot sector, having pioneered the online concept and awarded scores of millions in prizes over the years. The company currently holds a Guinness Book of Records entry for the biggest single progressive jackpot prize ever...paid out in a single tranche to boot.
 
The MPN product, which will have a maximum buy-in of Euro 50 and an expected average jackpot size of Euro 1 million, will mirror the system used by Microgaming in its progressive slots, constantly adding a portion of buy-in to the progressive network until the jackpot is hit, and with no limitation of how big that jackpot can become.
 
The new offering will reportedly give MPN a very reasonable rake of around 5 percent at all buy-in levels, and the product will probably be titled Fish Party Sit and Go, referencing a well-known and popular progressive slot in the Microgaming casino inventory, an appropriate association given the intention to create an entertaining player experience with slot overtones that should see some players using Twitch to stream their action.
 
The Scott interview is wide ranging and interesting, encompassing everything from how poker can compete with the growing number of other online entertainment and games verticals in the modern environment to the perennial issue of bots, the exciting possibilities of streaming and the strategising behind setting rake levels.
 
The interview (the audio is not optimal) can be accessed here, and the specific section on Fish Party Sit and Go is at the 1.05.31 mark:
 
https://www.youtube.com/watch?v=X-o9y3VtEwM

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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