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Wednesday August 31,2011 : Negotiations with potential American partners at an advanced level
In a press conference following the release of its latest results this week, Bwin.Party.Digital executives made the startling revelation that the company is in the final stages of partnership negotiations with potential U.S. companies as it looks to secure a foothold in the country ahead of the possible legalisation of the U.S. online poker industry.
The Dow Jones news service reported that negotiations with the unidentified parties in California and New Jersey were at an advanced level, supporting the view that legalisation is likely in the near term.
“We have made the decision to target strategic partners," co-chief executive Jim Ryan revealed. "At federal level, we are finalising agreements with a couple of parties positioned nicely to operate in that market. In California, we are well advanced with a particular party. The same in New Jersey, consistent with where we are at a federal level.” digital brands like World Poker Tour-ClubWPT, Party Poker and Poker Room are well positioned to benefit from such a development, he said, noting that the possible exclusion from a legalised market of major competitors like Pokerstars, Full Tilt Poker and Absolute Poker would work for his group.
Prompted by a question from one of the analysts present at the press conference, Ryan confirmed that his company is not interested in Full Tilt Poker as an investment or acquisition.
“We are not looking at the business and have no plans to look at it,” said Ryan.
The company revealed that the sale of the Ongame poker subsidiary was on track, the company having been put on the selling block in June 2011. Ongame posted a loss of some Euro 9.5 million in the H1-2011 period, and the merged Bwin-Party group intends to migrate the Ongame player base to Party Poker soon.

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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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