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WPT ENDS RELATIONSHIP WITH CRYPTOLOGIC

World Poker Tour Enterprises could be about to shut down its troubled online poker operations at WPTonline.com following an advisory report to the SEC filed October 17 which announces that the firm's 3 year poker network deal with turnkey provider and network Cryptologic is to be prematurely terminated on November 14 2008.
 
Because the deal only commenced in mid-2007, and was expanded earlier this year to 2011 (see previous InfoPowa report) the contract still has over two years to run, and there may be compensation claims from the software provider, although there have been no statements by either company thus far on this aspect.
 
Original SEC filings on the initial Cryptologic agreement indicate that the Dublin-based software company was guaranteed minimum guaranteed payments of $750 000 a year, with the proviso that should revenues drop below that level then WPT would make appropriate adjustments to ensure that the agreed monthly figure was met.
 
WPT's disclosure to the SEC notes that the company could remain in the online poker business with new software and management.
 
WPT's business experiences with online poker have not been happy; in 2006 the company tried to go it alone in developing software in Israel and setting up a website and supporting infrastructure. This did not appear to come together successfully, leading to the deal the following year with Cryptologic and its subsidiary Wagerlogic.
 
Although WPT is debt free and has ample assets, it has experienced declining stock prices to the extent that it was recently warned by Nasdaq (see previous InfoPowa report) that it could be delisted if its share price remained under the $1 mark for more than 30 days. It has yet to recover higher than the $1 level.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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