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USA Gambling Crackdown benefits some companies
Written On 4/19/11 By Recentpoker.com staff writer Frank Polliern :
Share prices soar and aggressive marketing drives undertaken
Certain European online gaming groups are experiencing positive spin-off's following what has been dubbed online poker's "Black Friday".
Analysts foretold that European gaming operator Bwin.party and Playtech could be amongst the biggest beneficiaries in the wake of the US authorities crackdown on internet gambling as players seek alternative venues to play poker and a surge in share prices in the London-listed betting firms certainly seems to be bearing-out those predictions.
In early afternoon trading (Monday) it was reported that Bwin.party's share price had soared by 34 percent, 888 by 24 percent and Playtech by 11 percent.
Other European groups have turned their focus on aggressive marketing drives that match or better the affected US-facing sites' promotions in a bid to attract available players who have been locked out and are looking for new places to play.
In related news, the first of the accuseds in the FBI's internet poker crackdown, has appeared before U.S. Magistrate Judge Frank Maas today in a Manhattan Federal Court.
Bradley Franzen (41), an alleged payment processor, has been charged with conspiracy to violate the UIGEA, conspiracy to commit bank and wire fraud, money laundering conspiracy and operating an illegal gambling business amongst others. He is accused of creating phony companies and websites in order to fool banks into handling gambling proceeds disguised as online purchases of items such as golf balls and jewellery.
Franzen pleaded not guilty and has been released on a bond of $200 000.
ACR $15 Million OSS Cub3d -
Americas CardRoom immensely popular OSS Cub3d returns February 25th and it's bigger than ever. U.S. Online Poker players will have a chance to compete for $15 Million in guaranteed prize pools.
AIGF and Betradar formalised their relationship -
At this yearís ICE Total Gaming, the All India Gaming Federation (AIGF) and Betradar formalised their relationship, committing to understand, explore opportunities and network across India around sports betting and gaming.
EHF and Sportradar Extend Partnership -
The EHF is responsible for a wide range of activities including the promotion and development of the sport, education programmes, player transfers and the organisation of high-profile sports competitions and events including the EHF EURO and the EHF Champions League.
Swisslos and Betradar in Deal -
Swisslos offers lotteries, sport bets and instant tickets in the entire territory of German-speaking Switzerland, in Ticino and in the Principality of Liechtenstein. It structures its range of games in an attractive and responsible manner. Swisslos transfers it entire net profit to the mandating cantons and the Principality of Liechtenstein to support public causes.
Americas Cardroom offering mouth-watering value -
It's not every day that an industry-leading poker site offers its customers an opportunity to put the house's money directly into their own pockets, but that's exactly whatís happening at Americas Cardroom.
Coolbet Joins Mpn -
Coolbet, owned by the Estonian company StayCool OU, is a sportsbook driven brand with its own developed platform and sports software. In addition to sports, it offers casino and live casino gaming, and as of this week, poker.
RMG AND SIS EXTEND PARTNERSHIP -
RMG manages the rights of many of the leading British racecourses, while SIS holds the horseracing rights to all Irish racecourses, plus Chelmsford City Racecourse in the UK.
Novomatic and Betradar in Deal -
With ICE just a few days away, NOVOMATIC has announced a partnership with leading sports betting solutions provider Sportradar to develop an innovative line of sports betting products and services.
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