Archive for the ‘Online Poker’ Category

WPT Vote to Accept PartyGaming Offer

In news seemingly not motivated by pure greed, after receiving a last minute offer from Mandalay Media for $35.5 million, an offer approximately three times the $12 million offer from Peerless Media Ltd., a subsidiary of PartyGaming, WPT Enterprises. Inc. opted not to postpone its shareholders meeting scheduled for Oct. 30. According to a Form 8-K filed early Monday morning, shareholders voted to approve the Peerless Media bid, with the closing of the transaction slated to occur early this month.

The form stated “In the final vote count by the independent inspectors of election, 13,996,639 WPTE common shares (approximately 67.93 percent of the outstanding common shares) were represented at the Meeting, in person or by proxy, and the Agreement was approved by 85.28 percent of the shares voted and 57.93 percent of the shares outstanding”.

I personally am only a free poker player when it comes to playing online, so I don’t really follow the industry that closely.

Filed under Gaming News, Online Poker : Comments (1) : Nov 9th, 2009

CryptoLogic Moving Poker Out

CryptoLogic Limited, is a Dublin-based online casino software developer. They have announced that it will begin merging its major poker customers into Boss Media AB’s International Poker Network beginning early next year. Hopes that this merger coupled with other actions will help to generate significant savings that could rise to as high as $15 million per year.

“CryptoLogic’s aggressive action on its new strategy, as witnessed in several recent announcements, and our new agreement with Boss Media, is a major step in our journey back to growth, profitability and returning shareholder value,” said Brian Hadfield, President and Chief Executive Officer for CryptoLogic.

“This partnership provides our poker customers with access to one of the largest poker networks in the world while helping CryptoLogic reduce costs substantially. Also, it will allow us to focus on the continued development and licensing of the Internet’s most innovative casino games and to leverage our lead in branded content games in partnership with the world’s top entertainment brands.”

Boss Media is a subsidiary of America’s GTech Corporation, one of the world’s leading gaming technology and services companies, which is itself a division of Lottomatica, the Italian commercial lottery operator.

CryptoLogic stated that its poker licensees, including brands such as InterPoker and Parbet, would join the International Poker Network early in 2009 while continuing to benefit from its own back-office services. This is good news for shareholders because Poker has been plagued with liquidity problems for a long-time.

Tags: ,
Filed under Gaming News, Online Poker : Comments (1) : Dec 9th, 2008

Tag Team Poker

Ever since poker was created it has been one person against the world with no outside help, no outside interference just one person out for themselves. However, this could all be about to change if a US company get their way with a new patented scoring system which allows players to play in normal tournaments but also brings in a team feel to the game. Will it take off?  If you are not too greedy that is.

There are many who already feel that the idea is a non-starter because poker has always been every person for them self. The idea of team sponsors or team support has always been in the back ground but never actually playing for yourself and a team. The new scoring system has yet to be revealed but could it be something new to catch the eye of the crowds? Something to get them flocking back to the casinos?

There is no doubt that the casino industry is going through a very difficult time at the moment and maybe something different, something out of the ordinary would do the trick? How would you feel about playing for a team and then sharing your winnings with your team members?  Personally I love it, deal me in, especially if there is a free poker version to try it out.

Tags: ,
Filed under Gambling Commentary, Gambling Lifestyle, Online Casinos, Online Poker : Comments (4) : Nov 1st, 2008

Bodog Poker Room Sinking

One of the top online poker websites www.bodogpoker.com is faltering in the wake of trouble with the US Dept. of Justice and the likes of Cake Poker, which has surpassed Bodog Poker in recent weeks. Cake Poker, a recently established website which takes only US players, this week attracted at least 400 more players than Bodog Poker – and this figure adds further alarm when it is considered that Bodog have been relegated from the top 10 most popular online gambling sites, currently ranking 14th – and beaten by websites such as Ultimate Bet, Pacific Poker, Absolute Poker and Microgaming.

In response to these problems, the Bodog team have had to lay off a large proportion of their staff – and have hinted they may be leaving the online market for good. I don’t think bodog will make it to 2009.

Tags:
Filed under Gambling Commentary, Gambling Lifestyle, Gaming News, Online Casinos, Online Poker : Comments (4) : Sep 1st, 2008

Poker Player Here

Hello all you poker players and other gamblers out there, my name is Paul and my favorite online game is poker but I do enjoy a little slots or blackjack now-and-again.  I used to work out in Las Vegas as a blackjack dealer when I was younger and just sort of fell in love with the gambling lifestyle.  My dream is to start playing poker professionally.

Tags: , ,
Filed under Blackjack, Gambling Commentary, Gambling Lifestyle, Gaming News, Online Casinos, Online Poker, Site News, Slots : Comments (0) : Jul 28th, 2008