Packer upset by suggestions Crown profits from victims - 28th October 2011
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Crown Casino Crown Limited James Packer Politics Melbourne Gaming
Crown Casino chairman James Packers says suggestions his business relies on problem gamblers are upsetting and he is not ignoring the human cost of profits.
Transcript
ALI MOORE, PRESENTER: Crown Casino chairman James Packer says suggestions his casino business relies on problem gamblers is upsetting.
Mr Packer is now publicly attacking the Federal Government's laws to put compulsory betting limits on poker machines.
But he says he's not ignoring the human cost of casino profits.
JAMES PACKER, CROWN CASINO CHAIRMAN (FAIRFAX RADIO): This perception that the only people that come to Crown are helpless victims and we are just sitting there praying on them, you know, I reject that absolutely and that does upset me. And I think that that is, you know, that is a spin line from the latte set, which is completely wrong.
ALI MOORE: Independent Senator Nick Xenophon says James Packer is in as much denial as a problem gambler.
He has challenged the Crown Casino chair to open his gambling books for public scrutiny.
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Friday, October 28, 2011
Leonardo DiCaprio, Tobey Maguire told to ease off high stakes poker, by Greg Tingle - 28th October 2011
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Poker Gambling.com Casinos.com Hollywood Games United States News Financial News Casino News Poker News Entertainment News
Tobey Maguire Ben Affleck Leonardo DiCaprio Matt Damon
Many Hollywood (and AussieWood) stars love to gamble, and high-stakes poker is one of their favourite games. Privacy is high on their priorities and it's known that some forms of gambling don't sit well with the law in some parts of the world, including in the United States.
It's understood that Tobey Maguire and mates Leonardo DiCaprio and Ben Affleck are long time high stakes poker fans and may have participated in quite a few private games played mainly in Los Angeles and New York.
The word is that the FBI is probing into alleged Russian mob connections to those big dollar games.
A few months ago there was a lawsuit filed against Maguire claiming a big Wall Street investment guy paid his gambling debts with funds inappropriately acquired from his firm’s investors.
A longtime associate of both DiCaprio and Maguire is understood to have said "As much as those boys love to gamble, they don’t need this kind of hassle...It seems clear that a number of very unsavory people have used their own huge wealth to weasel their way into those games.
"No one needs a Frank Sinatra problem these days," added the leak, referring to the Mafia connections that followed Ol’ Blue Eyes most of his life.
DiCaprio and Maguire are currently enjoying a working holiday of Australia and both gents have been spotted at The Star (entertainment complex and casino) more than once.
'Our Leo' is staring in The Great Gatsby. Maguire is not working Spider-Man, but has a number of exciting projects in the works. Man the best player, er, actor Win.
All of this while online gaming companies such as Bwin.Party Digital Entertainment, which owns the World Poker Tour, attempts to get the green light from the US government to offer Americans totally legal online poker games.
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Tobey Maguire Ben Affleck Leonardo DiCaprio Matt Damon
Many Hollywood (and AussieWood) stars love to gamble, and high-stakes poker is one of their favourite games. Privacy is high on their priorities and it's known that some forms of gambling don't sit well with the law in some parts of the world, including in the United States.
It's understood that Tobey Maguire and mates Leonardo DiCaprio and Ben Affleck are long time high stakes poker fans and may have participated in quite a few private games played mainly in Los Angeles and New York.
The word is that the FBI is probing into alleged Russian mob connections to those big dollar games.
A few months ago there was a lawsuit filed against Maguire claiming a big Wall Street investment guy paid his gambling debts with funds inappropriately acquired from his firm’s investors.
A longtime associate of both DiCaprio and Maguire is understood to have said "As much as those boys love to gamble, they don’t need this kind of hassle...It seems clear that a number of very unsavory people have used their own huge wealth to weasel their way into those games.
"No one needs a Frank Sinatra problem these days," added the leak, referring to the Mafia connections that followed Ol’ Blue Eyes most of his life.
DiCaprio and Maguire are currently enjoying a working holiday of Australia and both gents have been spotted at The Star (entertainment complex and casino) more than once.
'Our Leo' is staring in The Great Gatsby. Maguire is not working Spider-Man, but has a number of exciting projects in the works. Man the best player, er, actor Win.
All of this while online gaming companies such as Bwin.Party Digital Entertainment, which owns the World Poker Tour, attempts to get the green light from the US government to offer Americans totally legal online poker games.
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Wednesday, October 26, 2011
Crown Casino Bar Club 23: Shane Warne, Elizabeth Hurley and Tiger Woods Tomorrow Night, by Greg Tingle - 26th October 2011
Profiles
Crown Casino Crown Limited James Packer Shane Warne Melbourne Gaming
Australian sporting icon and poker celebrity, Shane Warne, is hosting 50 odd close friends at his new Crown Casino bar Club 23 tomorrow night.
It is believed Shane's fiancee Elizabeth Hurley will attend, but the event is not being promoted as an engagement party.
The rumour mill says its a get together of Warne's family and friends will include Crown Limited top brass James Packer and his lovely wife, Erica.
Ms Hurley jetted into Australia on Monday morning with her son Damian.
Club 23, which Warnie part-owns with poker player and entrepreneur, Joe Hachem, opened on the quite last week. It will enjoy an official launch on November 7.
A few associates of Warne's may also attend, including golf and nightclub lover Tiger Woods.
The club is an initiative to try to keep ahead of the game, with Crown powers that be well aware that Sydney's The Star has been making a lot of noise in the media as of late.
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Crown Casino Crown Limited James Packer Shane Warne Melbourne Gaming
Australian sporting icon and poker celebrity, Shane Warne, is hosting 50 odd close friends at his new Crown Casino bar Club 23 tomorrow night.
It is believed Shane's fiancee Elizabeth Hurley will attend, but the event is not being promoted as an engagement party.
The rumour mill says its a get together of Warne's family and friends will include Crown Limited top brass James Packer and his lovely wife, Erica.
Ms Hurley jetted into Australia on Monday morning with her son Damian.
Club 23, which Warnie part-owns with poker player and entrepreneur, Joe Hachem, opened on the quite last week. It will enjoy an official launch on November 7.
A few associates of Warne's may also attend, including golf and nightclub lover Tiger Woods.
The club is an initiative to try to keep ahead of the game, with Crown powers that be well aware that Sydney's The Star has been making a lot of noise in the media as of late.
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PartyCasino Wins Media Man 'Online Casino Of The Month' Award

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PartyCasino.com has been awarded the Media Man and Casino News Media "Online Casino Of The Month" award.
PartyGaming's igaming suite has grown a custom to winning awards since they first opened for business in 1997.
The competition for the coveted award was intense again this month with massive bids from both WPT Casino Captain Cooks Casino, Virgin Casino, Betfair, PKR and Noble Casino however there can only be one winner... ladies and gentlemen, that's PartyCasino.com
The award follows PartyPoker's EGR Poker Operator Of The Year and PartyGaming also made the shortlist for EGR Operator Of The Year. Recently Bwin.Party Digital Entertainment's PartyPoker.com also won the Casino News Media "Online Poker Website Of The Month".
The Media Man - Casino News Media accolade is based on a combination of elements including user experience, innovation, trustworthiness, customer service, gameplay, affiliate program offerings, newsworthiness and company values.
PartyCasino.com is one of a number of Bwin.Party Digital Entertainment brands.
The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $2 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include War Of The Worlds, Atomic Fruit, Aztec Gold, Sin City, Robin Hood, Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
Bwin.Party Digital Entertainment Co CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino exclusive "Cash Machine" that is being championed as one of the greatest online casino promos ever.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
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PartyCasino.com has been awarded the Media Man and Casino News Media "Online Casino Of The Month" award.
PartyGaming's igaming suite has grown a custom to winning awards since they first opened for business in 1997.
The competition for the coveted award was intense again this month with massive bids from both WPT Casino Captain Cooks Casino, Virgin Casino, Betfair, PKR and Noble Casino however there can only be one winner... ladies and gentlemen, that's PartyCasino.com
The award follows PartyPoker's EGR Poker Operator Of The Year and PartyGaming also made the shortlist for EGR Operator Of The Year. Recently Bwin.Party Digital Entertainment's PartyPoker.com also won the Casino News Media "Online Poker Website Of The Month".
The Media Man - Casino News Media accolade is based on a combination of elements including user experience, innovation, trustworthiness, customer service, gameplay, affiliate program offerings, newsworthiness and company values.
PartyCasino.com is one of a number of Bwin.Party Digital Entertainment brands.
The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $2 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include War Of The Worlds, Atomic Fruit, Aztec Gold, Sin City, Robin Hood, Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
Bwin.Party Digital Entertainment Co CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino exclusive "Cash Machine" that is being championed as one of the greatest online casino promos ever.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with Bwin.Party Digital Entertainment, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
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Sunday, October 23, 2011
Pokerfest: PartyPoker’s inaugural online tournament festival starts Sunday
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Bwin.Party Digital Entertainment PartyCasino.com PartyPoker.com World Poker Tour Games Casinos News Financial News Casino News Poker News Entertainment News
PartyPoker.com website
Series runs until 6th November - quality from as little as $1 NOW!
Gibraltar – 21 October 2011 – The countdown is on for the arrival of PartyPoker.com’s inaugural online poker festival – Pokerfest. With 47 events in a range of game types, the festival starts THIS SUNDAY 23rd October – 6th November guaranteeing $3,000,000. Qualifiers starting from $1 are online now!
A PartyPoker.com spokesman said: "We kick off on Sunday with four no limit hold’em events with guarantees of $300k, $2k, $20k and $150k – these cater for players on all levels with the $2k requiring a points buy-in only. The no limit re-buy tournaments start Monday, with the Pot Limit Omaha dominating Tuesday – the fixed limit hold’em tournaments start on Thursday."
Team PartyPoker.com Pro Kara Scott looks ahead to Pokerfest. Tony G calls everyone out for what he calls a 'Meatfest'.
At least three events every day
Pokerfest will feature at least three events EVERY DAY covering a variety of buy-ins and game types. Below is just some highlights of what is on offer:
· Event #47 - $1,000,000 guaranteed main event - $640 buy-in (qualify from $1)
· Event #23 - $350,000 guaranteed - $215 buy-in (qualify from $2.50)
· Event #46 - $50,000 guaranteed - $33 buy-in
· Event #2 - $2,000 prizepool - 20 Points buy-in
Qualify from as little as $1
PartyPoker.com want everyone to be a part of Pokerfest so they have developed a number of fantastic qualifying routes so players can qualify for a fraction of the main buy-in. There is also a wide range of extra promotions and side events - click on the tabs on the site to check out the $100k leaderboards and get the scoop on how to qualify for a fraction of the buy-in. The grand finale of Pokerfest is the $1,000,000 guaranteed main event taking place at 13.30ET on Sunday 6th November.
Variety of buy-ins and game types
Pokerfest will feature three events every day covering a variety of buy-ins for the following game types:
· No Limit Hold ‘em
· No Limit Hold ‘em + Rebuy(s)
· No Limit Hold ‘em, 6 max table, deep stack Fixed Limit Hold ‘em
· Pot Limit Omaha
· Pot Limit Omaha + Rebuy(s)
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Series runs until 6th November - quality from as little as $1 NOW!
Gibraltar – 21 October 2011 – The countdown is on for the arrival of PartyPoker.com’s inaugural online poker festival – Pokerfest. With 47 events in a range of game types, the festival starts THIS SUNDAY 23rd October – 6th November guaranteeing $3,000,000. Qualifiers starting from $1 are online now!
A PartyPoker.com spokesman said: "We kick off on Sunday with four no limit hold’em events with guarantees of $300k, $2k, $20k and $150k – these cater for players on all levels with the $2k requiring a points buy-in only. The no limit re-buy tournaments start Monday, with the Pot Limit Omaha dominating Tuesday – the fixed limit hold’em tournaments start on Thursday."
Team PartyPoker.com Pro Kara Scott looks ahead to Pokerfest. Tony G calls everyone out for what he calls a 'Meatfest'.
At least three events every day
Pokerfest will feature at least three events EVERY DAY covering a variety of buy-ins and game types. Below is just some highlights of what is on offer:
· Event #47 - $1,000,000 guaranteed main event - $640 buy-in (qualify from $1)
· Event #23 - $350,000 guaranteed - $215 buy-in (qualify from $2.50)
· Event #46 - $50,000 guaranteed - $33 buy-in
· Event #2 - $2,000 prizepool - 20 Points buy-in
Qualify from as little as $1
PartyPoker.com want everyone to be a part of Pokerfest so they have developed a number of fantastic qualifying routes so players can qualify for a fraction of the main buy-in. There is also a wide range of extra promotions and side events - click on the tabs on the site to check out the $100k leaderboards and get the scoop on how to qualify for a fraction of the buy-in. The grand finale of Pokerfest is the $1,000,000 guaranteed main event taking place at 13.30ET on Sunday 6th November.
Variety of buy-ins and game types
Pokerfest will feature three events every day covering a variety of buy-ins for the following game types:
· No Limit Hold ‘em
· No Limit Hold ‘em + Rebuy(s)
· No Limit Hold ‘em, 6 max table, deep stack Fixed Limit Hold ‘em
· Pot Limit Omaha
· Pot Limit Omaha + Rebuy(s)
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Friday, October 21, 2011
Bwin.Party Digital Entertainment tipped to be dominant player; Buy rec, by Greg Tingle - 21st October 2011
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Medium to long term investment prospect, Bwin.Party Digital Entertainment (LON:BPTY) could be the dominant player in online gaming across Europe, deriving the majority of its profits from regulated markets, states UBS analyst Simon Whittington.
In the meantime, the company is buying back shares, paying around 5% dividend yield, and driving double-digit EBITDA growth, underpinned by conservative synergies, he added.
UBS rates the firm a 'buy' with a 12 month target price of 185 pence (current price: 104.8 pence).
Media Man is following up.
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Medium to long term investment prospect, Bwin.Party Digital Entertainment (LON:BPTY) could be the dominant player in online gaming across Europe, deriving the majority of its profits from regulated markets, states UBS analyst Simon Whittington.
In the meantime, the company is buying back shares, paying around 5% dividend yield, and driving double-digit EBITDA growth, underpinned by conservative synergies, he added.
UBS rates the firm a 'buy' with a 12 month target price of 185 pence (current price: 104.8 pence).
Media Man is following up.
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Thursday, October 20, 2011
Bwin.Party Digital Entertainment Betting On United States, by Greg Tingle - 20th October 2011
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Bwin.Party Digital Entertainment PartyCasino PartyPoker World Poker Tour Gibraltar Gaming
Jim Ryan, the co-chief executive of Bwin.Party Digital Entertainment is a very busy man.
In fact, he's invested three of the past five weeks in the United States pushing a presentation that advertised to investors the strengths of the world’s largest publicly-traded online gambling - gaming firm. Ryan’s presentation included a one-page chart that listed the top online poker brands in the U.S. market. The names of once fierce competitors PokerStars and Full Tilt Poker, were crossed out in red. Is Party the only real game left in town? Time will tell.
“Where you see the red lines, those organizations have been indicted, so although one can’t predict the future, it’s unlikely you will see those brands back in the U.S.,” Ryan said during an interview. “The brand that has the most consumer awareness is in fact the PartyPoker brand.”
Ryan’s company happens to own both PartyPoker and the World Poker Tour, two of the top online poker brands that did not have their U.S. operations shut down by the U.S. Justice Department in April because they were not facilitating for-money online poker play in America—in the case of PartyPoker since 2006. They also own PartyCasino, a top online casino destination website. The fact that Ryan, who is based in Gibraltar, has recently been spending so much time in the U.S. demonstrates he is optimistic and hopeful for a U.S. comeback. “My focus is on the U.S.,” says Ryan, who is in the final stages of negotiating partnerships with two U.S. companies. “Even though there is no guarantee that online gaming will ever regulate in the U.S.”
For years Ryan and his staff at PartyGaming, which merged with Bwin earlier this year, had to sit on the sidelines, watching how much money PokerStars and Full Tilt Poker were snatching. It was a difficult thing to watch for the top brass and workers at PartyGaming, which was the biggest online gambling company in the world thanks to its domination of the U.S. online poker market until Congress passed the Unlawful Internet Gambling Enforcement Act in 2006. PartyGaming exited the U.S. market and saw its stock price take a massive hit, while PokerStars and Full Tilt kept their U.S. facing .com websites on air. Party competitors enjoyed somewhat of an unfair advantage, with the rouges using the U.S. market to expand globally at PartyGaming’s expense. “We were beyond the point of frustration,” says Ryan.
Next PartyGaming struck a non-prosecution agreement with the U.S. Attorney in Manhattan, paying $105 million and admitting its U.S. operations had for years violated U.S. law. Meanwhile, PokerStars and Full Tilt continued to operate in the U.S. and claimed that their U.S. operations did not violate U.S. law, pointing to legal opinions the companies had received from top American legal eagles. To many, it appeared like PartyGaming had given a lucrative business away. Even at the company’s headquarters there were doubts until April 2011, when federal prosecutors in Manhattan closed down the U.S. operations of PokerStars and Full Tilt, naming them illegal gambling businesses, and indicted some of their key execs. "I think Party has been vindicated now in getting out when they did and in dealing with the Department of Justice," says Behnam Dayanim, a partner at Axinn Veltrop & Harkrider, who negotiated PartyGaming’s agreement with federal prosecutors in downtown Manhattan.
With all that said, Bwin.Party Digital Entertainment is not exactly holding a management party quite yet. It's so close, yet so far, from reclaiming online poker’s crown. Operating in highly-regulated and taxed European markets while competing against well-run companies like PokerStars is not for the faint-hearted. Bwin.Party’s stock, which trades on the prestigious London Stock Exchange, has dipped by 50% in 2011. Big corporate mergers can be problematic, but the outfit has also suffered a setback in Germany, where the nation’s top civil court recently decided to uphold an online gambling ban, and been dissed by higher gaming duties across Europe. When the company attempted to take advantage of the April U.S. shutdown of PokerStars and Full Tilt, Bwin.Party found that while some new European players were attracted to its poker brands, revenues remained flat-ish. It wasn’t until Full Tilt’s European regulator suspended Full Tilt’s license in late June that Bwin.Party’s increased advertising and promotional expenditures started to pay dividends. PartyPoker is now the second-biggest online poker room in the world, according to PokerScout, averaging 4,150 cash players during any given time. PokerStars has 22,800.
Ryan, who joined PartyGaming as CEO in 2008, has been waiting for this moment for what seems like forever. He long ago took Bwin’s Norbert Teufelberger to a McDonald’s in La Linea, Spain, and chatted to him at length about the pros of combining Bwin’s strong online sportsbook business with PartyGaming’s poker brands, resulting in the merger that was first announced in 2010. Ryan also fine-tuned his company’s business-to-business capabilities over the last few years with an eye toward finding a U.S. partner with whom he can re-conquer America. "We had to be realistic about where we sat in the food chain," says Ryan. "We figured if the U.S. regulated it would be unlikely that we would secure a license directly, that the laws of the land would be written to allow existing land operators and equipment manufacturers in the U.S. to secure the licenses." Ryan is optimistic about current efforts in Washington, driven by the American Gaming Association and powerful casino companies like Caesars Entertainment and MGM Resorts, to potentially get some sort of online gambling legislation through a divided Congress. Ryan notes he is also preparing for the possibility that online poker gets regulated first on a state-by-state basis.
"We have to be ready for both federal or state," he says. "It feels good to have American taxpaying companies finally driving this.".
If an offshore operator is to succeed in American, Bwin.Party Digital Entertainment looks like the firm to place bets with.
Bwin.Party has identified Australia and New Zealand as places to further expand their business, even sponsoring high profile poker players such as Tony G and Stewart Scott (a former Crown Casino 'Aussie Millions' champion.) PartyPoker is one of a number of rumoured brands set to take over the sponsorship spot at James Packer's Crown Casino that FTP once enjoyed. Party look to have as much chance as anyone, probably more so.
In the meantime, poker and casino game players in regions such as Australia, New Zealand, Canada, Italy, South America, South Africa and beyond can continue to enjoy their gaming.
Poker playing celebs such as Leonardo DiCaprio, Matt Damon and Tobey McGuire are understood to be open to sponsorship approaches from Bwin.Party.
Governments of the world - you're throw of the dice.
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Jim Ryan, the co-chief executive of Bwin.Party Digital Entertainment is a very busy man.
In fact, he's invested three of the past five weeks in the United States pushing a presentation that advertised to investors the strengths of the world’s largest publicly-traded online gambling - gaming firm. Ryan’s presentation included a one-page chart that listed the top online poker brands in the U.S. market. The names of once fierce competitors PokerStars and Full Tilt Poker, were crossed out in red. Is Party the only real game left in town? Time will tell.
“Where you see the red lines, those organizations have been indicted, so although one can’t predict the future, it’s unlikely you will see those brands back in the U.S.,” Ryan said during an interview. “The brand that has the most consumer awareness is in fact the PartyPoker brand.”
Ryan’s company happens to own both PartyPoker and the World Poker Tour, two of the top online poker brands that did not have their U.S. operations shut down by the U.S. Justice Department in April because they were not facilitating for-money online poker play in America—in the case of PartyPoker since 2006. They also own PartyCasino, a top online casino destination website. The fact that Ryan, who is based in Gibraltar, has recently been spending so much time in the U.S. demonstrates he is optimistic and hopeful for a U.S. comeback. “My focus is on the U.S.,” says Ryan, who is in the final stages of negotiating partnerships with two U.S. companies. “Even though there is no guarantee that online gaming will ever regulate in the U.S.”
For years Ryan and his staff at PartyGaming, which merged with Bwin earlier this year, had to sit on the sidelines, watching how much money PokerStars and Full Tilt Poker were snatching. It was a difficult thing to watch for the top brass and workers at PartyGaming, which was the biggest online gambling company in the world thanks to its domination of the U.S. online poker market until Congress passed the Unlawful Internet Gambling Enforcement Act in 2006. PartyGaming exited the U.S. market and saw its stock price take a massive hit, while PokerStars and Full Tilt kept their U.S. facing .com websites on air. Party competitors enjoyed somewhat of an unfair advantage, with the rouges using the U.S. market to expand globally at PartyGaming’s expense. “We were beyond the point of frustration,” says Ryan.
Next PartyGaming struck a non-prosecution agreement with the U.S. Attorney in Manhattan, paying $105 million and admitting its U.S. operations had for years violated U.S. law. Meanwhile, PokerStars and Full Tilt continued to operate in the U.S. and claimed that their U.S. operations did not violate U.S. law, pointing to legal opinions the companies had received from top American legal eagles. To many, it appeared like PartyGaming had given a lucrative business away. Even at the company’s headquarters there were doubts until April 2011, when federal prosecutors in Manhattan closed down the U.S. operations of PokerStars and Full Tilt, naming them illegal gambling businesses, and indicted some of their key execs. "I think Party has been vindicated now in getting out when they did and in dealing with the Department of Justice," says Behnam Dayanim, a partner at Axinn Veltrop & Harkrider, who negotiated PartyGaming’s agreement with federal prosecutors in downtown Manhattan.
With all that said, Bwin.Party Digital Entertainment is not exactly holding a management party quite yet. It's so close, yet so far, from reclaiming online poker’s crown. Operating in highly-regulated and taxed European markets while competing against well-run companies like PokerStars is not for the faint-hearted. Bwin.Party’s stock, which trades on the prestigious London Stock Exchange, has dipped by 50% in 2011. Big corporate mergers can be problematic, but the outfit has also suffered a setback in Germany, where the nation’s top civil court recently decided to uphold an online gambling ban, and been dissed by higher gaming duties across Europe. When the company attempted to take advantage of the April U.S. shutdown of PokerStars and Full Tilt, Bwin.Party found that while some new European players were attracted to its poker brands, revenues remained flat-ish. It wasn’t until Full Tilt’s European regulator suspended Full Tilt’s license in late June that Bwin.Party’s increased advertising and promotional expenditures started to pay dividends. PartyPoker is now the second-biggest online poker room in the world, according to PokerScout, averaging 4,150 cash players during any given time. PokerStars has 22,800.
Ryan, who joined PartyGaming as CEO in 2008, has been waiting for this moment for what seems like forever. He long ago took Bwin’s Norbert Teufelberger to a McDonald’s in La Linea, Spain, and chatted to him at length about the pros of combining Bwin’s strong online sportsbook business with PartyGaming’s poker brands, resulting in the merger that was first announced in 2010. Ryan also fine-tuned his company’s business-to-business capabilities over the last few years with an eye toward finding a U.S. partner with whom he can re-conquer America. "We had to be realistic about where we sat in the food chain," says Ryan. "We figured if the U.S. regulated it would be unlikely that we would secure a license directly, that the laws of the land would be written to allow existing land operators and equipment manufacturers in the U.S. to secure the licenses." Ryan is optimistic about current efforts in Washington, driven by the American Gaming Association and powerful casino companies like Caesars Entertainment and MGM Resorts, to potentially get some sort of online gambling legislation through a divided Congress. Ryan notes he is also preparing for the possibility that online poker gets regulated first on a state-by-state basis.
"We have to be ready for both federal or state," he says. "It feels good to have American taxpaying companies finally driving this.".
If an offshore operator is to succeed in American, Bwin.Party Digital Entertainment looks like the firm to place bets with.
Bwin.Party has identified Australia and New Zealand as places to further expand their business, even sponsoring high profile poker players such as Tony G and Stewart Scott (a former Crown Casino 'Aussie Millions' champion.) PartyPoker is one of a number of rumoured brands set to take over the sponsorship spot at James Packer's Crown Casino that FTP once enjoyed. Party look to have as much chance as anyone, probably more so.
In the meantime, poker and casino game players in regions such as Australia, New Zealand, Canada, Italy, South America, South Africa and beyond can continue to enjoy their gaming.
Poker playing celebs such as Leonardo DiCaprio, Matt Damon and Tobey McGuire are understood to be open to sponsorship approaches from Bwin.Party.
Governments of the world - you're throw of the dice.
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Monday, October 17, 2011
WSOP Europe: Michael Mizrachi, Philippe Boucher Capture Bracelets As Championship Event Enters Day 1B - 16th October 2011
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As the €10,000 Championship Event of the 2011 World Series of Poker Europe enters its second Day One on Sunday, poker pros Michael “The Grinder” Mizrachi and Philippe Boucher captured the final two preliminary bracelets awarded on Saturday.
In the €10,000 Split Format No Limit Hold’em event, Mizrachi came back yesterday as a member of the Final Four who would determine the title. In his semi-final match against Roger Hairabedian, Michael slowly worked the heads up match to what was a startling conclusion. On the final hand of their matchup, Hairabedian flopped a set of fives on a J-8-5 board, but Mizrachi was able to best that by turning a straight with his 7-6 when a four found the turn. Once the board didn’t pair on the river, Michael Mizrachi was on to the final.
In the other semi-final match, Shawn Buchanan and Noah Schwartz battled it out for the right to face “The Grinder.” Buchanan methodically worked his way into a comfortable lead against Schwartz before getting him to commit his final chips with a mediocre offering. After a minimum raise from Shawn, Noah decided to make a three-bet stand for his last chips with only an A-5 off suit. Buchanan quickly called, tabling his pocket Kings, and once the board ran dry (albeit with a bit of a flush sweat), Shawn Buchanan was the winner of the match.
As predicted here yesterday, the Mizrachi/Buchanan battle was a fierce one, although Michael came to the felt with a 2:1 chip lead over Shawn. “The Grinder,” true to his name, was able to gradually add on to his lead over the two hours of play; nothing that Buchanan attempted seemed to work as his chip stack slowly slipped southward. The end of the tournament was particularly brutal for Buchanan as, holding an A-J against Mizrachi’s A-10, a ten came on the flop to flip the lead to Mizrachi. Turn and river deuces sealed the deal for the 2010 $50K Poker Players’ Champion, giving him his second bracelet in as many years.
1. Michael Mizrachi (United States), €336,008
2. Shawn Buchanan (Canada), €207,624
3. Roger Hairabedian (France), €112,092
4. Noah Schwartz (United States), €112,092
The final table of the €1500 Six Handed Pot Limit Omaha tournament seemed to be more of a sprint than a marathon, highly unlike major championship final tables. Chile’s Nicolas Fierro came to the final table with the chip lead, but it was a one man wrecking ball by the name of Philippe Boucher who stole the show.
After taking almost an hour and a half before the first player, Jack Ellwood, was eliminated by Boucher, the Canadian pro would then storm his way through the remainder of the field. He would go on to knock off the entire table on his run to the title, only pausing slightly during heads up play against Michel Dattani. On the final hand, Dattani would commit his final chips holding an A-A-J-7 against the A-Q-10-9 of Boucher. After the board ran 6-6-8-J-Q to give him the winning straight, Philippe Boucher would pick up his first WSOP bracelet in just under four hours.
1. Philippe Boucher (Canada), €124,584
2. Michel Dattani (Portugal), €76,982
3. Nicolas Fierro (Chile), €53,426
4. Alexander Dovzhenko (Ukraine), €37,529
5. Jared Solomon (South Africa), €26,676
6. Jack Ellwood (United Kingdom), €19,181
While these two final tables wrapped up action, the first Day One of the €10,000 Championship Event was in play. 310 players eventually wound their way to the tables in the battle for the next WSOP Europe Main Event championship, guaranteeing that this will be the biggest Championship Event in the history of the WSOP Europe. Last year’s total number of players was “only” 346 and the record field for the tournament was in 2007 and 2008, when the tournament drew 362 players.
At the end of Day 1A, 173 players remained, with Jamie Rosen holding the chip lead with 162,700 in chips. Notable names in the Top Ten include the U. K.’s Chris Moorman and Erik Friberg, but there are threats looming down the leaderboard. Two time World Champion Johnny Chan is just off the leaderboard in eleventh place with 108,350 in chips, while Ramzi Jelassi, 2011 WSOP November Niner Ben Lamb, Carlos Mortensen, Will “The Thrill” Failla, Chad Brown and Arnaud Mattern are just some of the names in the Top 25.
Day 1B is currently in play, with 165 players stepping up for the action on Sunday. Some of the players who have made early moves during Day 1B include 2010 WSOP November Niner Filippo Candio, Robert Mizrachi, Tommy Vedes, Shannon Shorr, Bryan Devonshire, Sandra Naujoks, Mike “Timex” McDonald and Bertrand “ElkY” Grospellier. Defending World Champion Jonathan Duhamel, Men “The Master” Nguyen, Jean-Robert Bellande and Sorel Mizzi are all below their starting stacks, with “The Grinder” and Steve Billirakis two of this year’s WSOP Europe bracelet winners already eliminated from the tournament.
Final numbers for the Championship Event aren’t in yet, so the prize pool hasn’t been determined or the first place prize. However it plays out, the 2011 World Series of Poker Europe has been a record breaking schedule with its final stories yet to play out. (Credit: Poker News Daily)
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As the €10,000 Championship Event of the 2011 World Series of Poker Europe enters its second Day One on Sunday, poker pros Michael “The Grinder” Mizrachi and Philippe Boucher captured the final two preliminary bracelets awarded on Saturday.
In the €10,000 Split Format No Limit Hold’em event, Mizrachi came back yesterday as a member of the Final Four who would determine the title. In his semi-final match against Roger Hairabedian, Michael slowly worked the heads up match to what was a startling conclusion. On the final hand of their matchup, Hairabedian flopped a set of fives on a J-8-5 board, but Mizrachi was able to best that by turning a straight with his 7-6 when a four found the turn. Once the board didn’t pair on the river, Michael Mizrachi was on to the final.
In the other semi-final match, Shawn Buchanan and Noah Schwartz battled it out for the right to face “The Grinder.” Buchanan methodically worked his way into a comfortable lead against Schwartz before getting him to commit his final chips with a mediocre offering. After a minimum raise from Shawn, Noah decided to make a three-bet stand for his last chips with only an A-5 off suit. Buchanan quickly called, tabling his pocket Kings, and once the board ran dry (albeit with a bit of a flush sweat), Shawn Buchanan was the winner of the match.
As predicted here yesterday, the Mizrachi/Buchanan battle was a fierce one, although Michael came to the felt with a 2:1 chip lead over Shawn. “The Grinder,” true to his name, was able to gradually add on to his lead over the two hours of play; nothing that Buchanan attempted seemed to work as his chip stack slowly slipped southward. The end of the tournament was particularly brutal for Buchanan as, holding an A-J against Mizrachi’s A-10, a ten came on the flop to flip the lead to Mizrachi. Turn and river deuces sealed the deal for the 2010 $50K Poker Players’ Champion, giving him his second bracelet in as many years.
1. Michael Mizrachi (United States), €336,008
2. Shawn Buchanan (Canada), €207,624
3. Roger Hairabedian (France), €112,092
4. Noah Schwartz (United States), €112,092
The final table of the €1500 Six Handed Pot Limit Omaha tournament seemed to be more of a sprint than a marathon, highly unlike major championship final tables. Chile’s Nicolas Fierro came to the final table with the chip lead, but it was a one man wrecking ball by the name of Philippe Boucher who stole the show.
After taking almost an hour and a half before the first player, Jack Ellwood, was eliminated by Boucher, the Canadian pro would then storm his way through the remainder of the field. He would go on to knock off the entire table on his run to the title, only pausing slightly during heads up play against Michel Dattani. On the final hand, Dattani would commit his final chips holding an A-A-J-7 against the A-Q-10-9 of Boucher. After the board ran 6-6-8-J-Q to give him the winning straight, Philippe Boucher would pick up his first WSOP bracelet in just under four hours.
1. Philippe Boucher (Canada), €124,584
2. Michel Dattani (Portugal), €76,982
3. Nicolas Fierro (Chile), €53,426
4. Alexander Dovzhenko (Ukraine), €37,529
5. Jared Solomon (South Africa), €26,676
6. Jack Ellwood (United Kingdom), €19,181
While these two final tables wrapped up action, the first Day One of the €10,000 Championship Event was in play. 310 players eventually wound their way to the tables in the battle for the next WSOP Europe Main Event championship, guaranteeing that this will be the biggest Championship Event in the history of the WSOP Europe. Last year’s total number of players was “only” 346 and the record field for the tournament was in 2007 and 2008, when the tournament drew 362 players.
At the end of Day 1A, 173 players remained, with Jamie Rosen holding the chip lead with 162,700 in chips. Notable names in the Top Ten include the U. K.’s Chris Moorman and Erik Friberg, but there are threats looming down the leaderboard. Two time World Champion Johnny Chan is just off the leaderboard in eleventh place with 108,350 in chips, while Ramzi Jelassi, 2011 WSOP November Niner Ben Lamb, Carlos Mortensen, Will “The Thrill” Failla, Chad Brown and Arnaud Mattern are just some of the names in the Top 25.
Day 1B is currently in play, with 165 players stepping up for the action on Sunday. Some of the players who have made early moves during Day 1B include 2010 WSOP November Niner Filippo Candio, Robert Mizrachi, Tommy Vedes, Shannon Shorr, Bryan Devonshire, Sandra Naujoks, Mike “Timex” McDonald and Bertrand “ElkY” Grospellier. Defending World Champion Jonathan Duhamel, Men “The Master” Nguyen, Jean-Robert Bellande and Sorel Mizzi are all below their starting stacks, with “The Grinder” and Steve Billirakis two of this year’s WSOP Europe bracelet winners already eliminated from the tournament.
Final numbers for the Championship Event aren’t in yet, so the prize pool hasn’t been determined or the first place prize. However it plays out, the 2011 World Series of Poker Europe has been a record breaking schedule with its final stories yet to play out. (Credit: Poker News Daily)
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Friday, October 14, 2011
Pokie proposal a win-win, Greens say - 14th October 2011
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Limiting poker machines to $1 bets and $500 jackpots is a win-win for all sectors of the gambling industry, Greens leader Bob Brown says.
The Greens have put forward an alternative gambling policy that eliminates the need for controversial mandatory pre-commitment on low-intensity poker machines.
Gambling clubs and operators, including James Packer's Crown Casino, have reportedly set up a $40 million war chest to fight mandatory pre-commitment.
Senator Brown described the Greens' policy as a "win, win win", as it would satisfy the pokie operators while dealing with the $5 billion scourge of problem gambling and satisfying anti-gambling campaigners.
Brown said in Melbourne national politicians felt a responsibility to tackle the problem.
"There's no doubt some clubs will, and potentially casinos and state governments will, see a loss in revenue," he said.
"But this is very well targeted, so that loss in revenue is not going to come from the 90 per cent of ordinary gamblers who put a few dollars through the machines each week, but the problem gamblers," he added.
Greens gambling spokesman Senator Richard Di Natale said he had sent the policy to anti-gambling campaigners Andrew Wilkie and Nick Xenophon, the other independents and the Federal Government.
"We think it's really important that in a very toxic debate, particularly with the clubs running a deceptive campaign in the way that they are doing, that we put another option on the table," he said.
"It gives us more chance of success.
He added it won't get rid of problem gambling altogether, but would have a significant impact and would reduce the risks for problem gamblers.
Mr Wilkie said he was pleased the Greens' policy dovetailed with his reforms, which included $1 bets and mandatory pre-commitment on high-intensity machines.
"I'm continuing to work with the Federal Government to implement our reforms, which have not changed in any way," he said.
Prime Minister Julia Gillard said she was committed to helping problem gambling but wanted venues which would allow people "a good night out".
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Gaming Clubs Clubs Australia Politics Politics Canberra Australia
Limiting poker machines to $1 bets and $500 jackpots is a win-win for all sectors of the gambling industry, Greens leader Bob Brown says.
The Greens have put forward an alternative gambling policy that eliminates the need for controversial mandatory pre-commitment on low-intensity poker machines.
Gambling clubs and operators, including James Packer's Crown Casino, have reportedly set up a $40 million war chest to fight mandatory pre-commitment.
Senator Brown described the Greens' policy as a "win, win win", as it would satisfy the pokie operators while dealing with the $5 billion scourge of problem gambling and satisfying anti-gambling campaigners.
Brown said in Melbourne national politicians felt a responsibility to tackle the problem.
"There's no doubt some clubs will, and potentially casinos and state governments will, see a loss in revenue," he said.
"But this is very well targeted, so that loss in revenue is not going to come from the 90 per cent of ordinary gamblers who put a few dollars through the machines each week, but the problem gamblers," he added.
Greens gambling spokesman Senator Richard Di Natale said he had sent the policy to anti-gambling campaigners Andrew Wilkie and Nick Xenophon, the other independents and the Federal Government.
"We think it's really important that in a very toxic debate, particularly with the clubs running a deceptive campaign in the way that they are doing, that we put another option on the table," he said.
"It gives us more chance of success.
He added it won't get rid of problem gambling altogether, but would have a significant impact and would reduce the risks for problem gamblers.
Mr Wilkie said he was pleased the Greens' policy dovetailed with his reforms, which included $1 bets and mandatory pre-commitment on high-intensity machines.
"I'm continuing to work with the Federal Government to implement our reforms, which have not changed in any way," he said.
Prime Minister Julia Gillard said she was committed to helping problem gambling but wanted venues which would allow people "a good night out".
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Tuesday, October 11, 2011
The Star Casino Hosts Leonardo DiCaprio; Casino VIP Super Whale With Models, by Greg Tingle
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Media and insider reports state Leo is dating Sydney model Alyce Crawford, Murdoch's The Daily Tele... that Leonardo DiCaprio has been gifted a whole floor at The Star (formally Star City Casino) to live in during his four-month stay.
He's been bunkered down there since passing on his former Vaucluse digs because of privacy issues (unwelcome paps), casino spies have revealed that Echo Entertainment top brass Larry Mullin was so keen to get DiCaprio under their roof that a whole floor was transformed into a luxury super-suite.
"Mountains were moved," said our friend at The Star, who reckons the famous actor has a private entrance to his Astral Tower pad to evade the paparazzi.
"The entire thing was refurbished and rebuilt from scratch. It cost a fortune but the directive was 'spare no expense'."
Asked about the plush situation for 'Our Leo' at Star, Tabcorp: "No comment."
DiCaprio does apparently say G'day on occasion with casino workers and others who cross his path.
"He was spotted in Black By Ezard and kept his cap on and head down and didn't engage with anyone. And a few nights later Hugh "Wolverine" Jackman was in there and couldn't have been nicer," said the deep throat.
"He was chatting to staff and taking pictures and having a great time. It was interesting to see the difference."
His ex-girlfriend Blake Lively has moved on, as has Bar Refaeli, with the model photographed in an embrace with Pierre Sarkozy, 25, the son of French Prez Nicolas Sarkozy, at the Paris nightclub Rasputin.
Stay tuned as Media Man and its ever growing "spy" network. As 'Our Leo' says, 'Catch Me If You Can' (and no, it won't likely be at The Star casino).
*Media Man is primarily a media, publicity and internet portal development company.
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Media and insider reports state Leo is dating Sydney model Alyce Crawford, Murdoch's The Daily Tele... that Leonardo DiCaprio has been gifted a whole floor at The Star (formally Star City Casino) to live in during his four-month stay.
He's been bunkered down there since passing on his former Vaucluse digs because of privacy issues (unwelcome paps), casino spies have revealed that Echo Entertainment top brass Larry Mullin was so keen to get DiCaprio under their roof that a whole floor was transformed into a luxury super-suite.
"Mountains were moved," said our friend at The Star, who reckons the famous actor has a private entrance to his Astral Tower pad to evade the paparazzi.
"The entire thing was refurbished and rebuilt from scratch. It cost a fortune but the directive was 'spare no expense'."
Asked about the plush situation for 'Our Leo' at Star, Tabcorp: "No comment."
DiCaprio does apparently say G'day on occasion with casino workers and others who cross his path.
"He was spotted in Black By Ezard and kept his cap on and head down and didn't engage with anyone. And a few nights later Hugh "Wolverine" Jackman was in there and couldn't have been nicer," said the deep throat.
"He was chatting to staff and taking pictures and having a great time. It was interesting to see the difference."
His ex-girlfriend Blake Lively has moved on, as has Bar Refaeli, with the model photographed in an embrace with Pierre Sarkozy, 25, the son of French Prez Nicolas Sarkozy, at the Paris nightclub Rasputin.
Stay tuned as Media Man and its ever growing "spy" network. As 'Our Leo' says, 'Catch Me If You Can' (and no, it won't likely be at The Star casino).
*Media Man is primarily a media, publicity and internet portal development company.
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Sunday, October 09, 2011
Exciting News for Online Poker Site, PKR as USA Legalisation of Gambling Sites Edges Closer - 6th October 2011
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The popular UK 3D poker site, PKR could soon go transatlantic and launch in the US after the American Gaming Association's (AGA) contributed to the push for online poker regulation in the country.
Frank J. Fahrenkopf Jr., president and CEO of the AGA, commented: 'There are no longer any good reasons to put USA citizens at risk by continuing to outlaw online poker in the U.S.' The statement comes after the USA Justice Department tried to shut down illegal gambling sites but the number of Americans playing online poker unprotected continues to grow.
PKR has established itself as one of the most playable and secure online poker websites in the UK over the last five years. The campaign in the US for lawful online poker now has the backing of certain state reps from Massachusetts and the prospect of legalisation could open the gates for PKR to expand into a massive market.
The AGA had once condemned online gambling altogether and only changed their opinion due to reports of a threat of unregulated sites currently endangering American players. The prospect of US legalisation of online poker could be potentially huge for PKR as their fully regulated and licensed site already has the foundations to become a massive hit among gamers in the States.
Massachusetts state rep, Dan Winslow also added to the argument for legalisation by arguing the flailing US economy could benefit from the introduction of online poker because of the jobs it will create in game design and regulatory software upkeep - a notion America's 14 million unemployed will welcome.
Back in the UK, it's business as usual for PKR for the meantime but they are very excited by the suggestion of expanding their business across the pond. A spokesperson for the poker games site commented:
'It is still early days yet but it would be a massively exciting prospect to take PKR to the States. The whole regulation of online poker sites debate is unlikely to be resolved overnight however, but at PKR we will be watching closely as we are always keen to develop playing opportunities to improve the gaming experience for everyone'.
It is rumoured the AGA campaign may prompt online poker legislation on a state level first before the whole nation accepts it. However, the campaign certainly looks to have some weight behind it and as far as PKR is concerned, it is a matter of watch this space.
To find out more about PKR or to join in the fun, sign up today www.pkr.com
About PKR
PKR is a revolutionary new concept in online poker that has changed the way the game is played.
Featuring stunning real-time 3D graphics and a uniquely engaging and immersive gaming system, PKR brings an unparalleled and previously unseen level of realism to online poker.
Developed by some of the brightest stars in the video games and poker industries, PKR continues to be the most innovative poker room in the world.
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The popular UK 3D poker site, PKR could soon go transatlantic and launch in the US after the American Gaming Association's (AGA) contributed to the push for online poker regulation in the country.
Frank J. Fahrenkopf Jr., president and CEO of the AGA, commented: 'There are no longer any good reasons to put USA citizens at risk by continuing to outlaw online poker in the U.S.' The statement comes after the USA Justice Department tried to shut down illegal gambling sites but the number of Americans playing online poker unprotected continues to grow.
PKR has established itself as one of the most playable and secure online poker websites in the UK over the last five years. The campaign in the US for lawful online poker now has the backing of certain state reps from Massachusetts and the prospect of legalisation could open the gates for PKR to expand into a massive market.
The AGA had once condemned online gambling altogether and only changed their opinion due to reports of a threat of unregulated sites currently endangering American players. The prospect of US legalisation of online poker could be potentially huge for PKR as their fully regulated and licensed site already has the foundations to become a massive hit among gamers in the States.
Massachusetts state rep, Dan Winslow also added to the argument for legalisation by arguing the flailing US economy could benefit from the introduction of online poker because of the jobs it will create in game design and regulatory software upkeep - a notion America's 14 million unemployed will welcome.
Back in the UK, it's business as usual for PKR for the meantime but they are very excited by the suggestion of expanding their business across the pond. A spokesperson for the poker games site commented:
'It is still early days yet but it would be a massively exciting prospect to take PKR to the States. The whole regulation of online poker sites debate is unlikely to be resolved overnight however, but at PKR we will be watching closely as we are always keen to develop playing opportunities to improve the gaming experience for everyone'.
It is rumoured the AGA campaign may prompt online poker legislation on a state level first before the whole nation accepts it. However, the campaign certainly looks to have some weight behind it and as far as PKR is concerned, it is a matter of watch this space.
To find out more about PKR or to join in the fun, sign up today www.pkr.com
About PKR
PKR is a revolutionary new concept in online poker that has changed the way the game is played.
Featuring stunning real-time 3D graphics and a uniquely engaging and immersive gaming system, PKR brings an unparalleled and previously unseen level of realism to online poker.
Developed by some of the brightest stars in the video games and poker industries, PKR continues to be the most innovative poker room in the world.
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Tuesday, October 04, 2011
Poker News Media Website Network Updated
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