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World Poker Fund Holdings Expects to Generate almost 150 Million

Tuesday May 10,2016 : WPFH BULLISH ON UEG REVENUE FORECASTS

First in-flight online real-money casino gaming.

Social gaming platform developer and operator World Poker Fund Holdings (WPFH) says it expects to generate $143 million in revenues from the first ever in-flight online casino assets and contracts stemming from its 49 percent acquisition of Universal Entertainment Group (UEG).

According to a press statement, the Iowa Tribe of Oklahoma PokerTribe.com/.gov gaming portal is scheduled for launch in the next 90 days initially offering live online cash-casino, cash-bingo and cash-poker games to international (non-U.S.) players.

In-flight cash gaming is anticipated to launch during the first quarter of 2017 on selected international airline flights, cruises and other forms of transportation.

The in-flight international gaming offerings will be offered through InSkyCasino.com to eligible passengers aged 21 and over once an international flight in excess of two hours reaches cruising altitude.

Passengers will receive complimentary Wi-Fi access for the duration of the flight for a minimum deposit of $25 into their online, real-money play, casino account offered by InSkyCasino.com, operated by PokerTribe.com/.gov and software/support provided by UEG, through its contractual arrangement with the Iowa Tribe of Oklahoma.

"We are proud to be working with World Poker Fund and The Iowa Tribe of Oklahoma on this project,” said Universal Entertainment Group spokesperson Christina Fallin. “It is an extraordinary time for the State of Oklahoma. The recent federal court ruling granting the Iowa Tribe the unique gaming licenses will generate significant revenue potential that will directly benefit the people of Oklahoma through tax revenues and The Iowa Tribe and its partners. It's a win-win all around."

WPFH said 3.5 billion passengers are expected to fly in 2016 and more than 3 billion of those are projected to be non-U.S. passengers. WPFH and its market partners through PokerTribe.com/.gov, initially will have access to 180 million of those international passengers through a single in-flight Wi-Fi provider, which controls the entertainment content on its partner airlines.

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Gambling News :

Oryx in deal with Extreme Live Gaming - #oryx Turnkey provider ORYX has selected Extreme Live Gaming for the integration of a number of Live Casino titles to its games platform.

GAN Partners with Station Casinos - B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016

Tipbet Sponsor of easy Credit Basketball Bundesliga for season 2016/2017 - #tipbet The agreement comes with good timing; the BBL basketball 2016/17 season started last Friday, ensuring that Tipbet benefits from high visibility for its brand presence at the games.

Oceanís Call Slot Launches - Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.

Big Names Playing WCOOP - The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.

Should Gibraltar and Britain be regarded as a single state under EU gambling laws? - The issue has been referred to the ECJ by the High Court with the question "should the UK and Gibraltar be treated as a single member state when it comes to EU law on remote gambling?"

Sirplay to Open Argentina Branch - #SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.

DFS Changes for Ohio - #dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.

New Jersey Teams Up With Kahnawake Gaming Commission - The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.

Petition to Ban Online Gaming in Singapore - Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.

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