Poker Full House

FRENCH ONLINE POKER CONTINUES DECLINE
2015-05-05

Online poker once again failed to impress during the first quarter of 2015, the French regulatory authority ARJEL revealed in its first quarterly report of 2015.

The French regulated market yielded a total gross gaming revenue of Euro 190 million, largely attributed to a rise in sports betting as horse race betting remained flat and online poker declined.

French operators took stakes of Euro 351 million during the quarter, up 38 percent over the same period last year while gross profits amounted to Euro 63 million, up 17 percent.

Overall active player numbers grew 27 percent to 202000 and pay out ratios rose to 82.1 percent compared to 79 percent in quarter 1 of 2014.

Despite sports betting stakes in handball and basketball rising 87 percent and 42 percent respectively, football and tennis remained the most popular betting sports during the quarter. The sports betting sector delivered a 3 percent rise in gross gaming revenue.

Online poker saw a decline of 15 percent regarding cash game stakes with gross profits dropping a further 5 percent to Euro 61 million.

Horse race betting dipped 1 percent in terms of pari mutuel stakes to Euro 266 million. Gross profit remained static and amounted to Euro 66 million.

In related news, Christian Eckert, The French Budget Secretary reiterated the Countrys commitment to tackling problem gambling saying the French Government attaches much importance to the promotion of responsible recreational play while welcoming the launch of a new online initiative EVALUJEU today (Tuesday).

EVALUJEU will allow players to anonymously track and assess their personal gaming practices while benefiting from personalised advice.

Eckert also revealed a package of measures due to be presented as part of the online draft law which include:

Player protection: allowing players to use their gaming data for prevention purposes.
Consumer protection: a mediation mechanism which will facilitate the resolution of disputes.
And finally, a provision that will allow for the much anticipated sharing of European poker liquidity with other EU regulatory authorities in specific agreements with ARJEL.




WHO IS GAMEACCOUNT'S LATEST U.S. LAND CLIENT?
2014-09-08

Irish online gambling software provider Apuestas Deportivas Online Bingo Play Slots Online in US NFL Betting Odds GameAccount is rather coy in a statement issued Monday, advising that an unnamed US land casino operator has become a client for its B2B Simulated Gaming package.
Describing the client as a multi-State US casino operator," GameAccount reveals that the deal involves the provision of its Simulated Gaming online product for the entertainment and familiarisation of both new and existing players at the operator's land venues in the United States.
It is expected that GameAccount Network and the mystery client will launch the first Simulated Gaming website in the last quarter of 2014 subject to suitable regulatory approvals, following which the clients identity will be publicly disclosed.
The statement does not give any information on the possible regulatory jurisdiction/s which the land casino operator will use.
Simulated Gaming is an innovative Internet gaming service designed by GameAccount Network specifically for land-based US casinos to launch in advance of prospective real-money internet gaming regulation.
It includes a gaming-as-entertainment consumer website enabled with unique monetisation features and a portfolio of over 100 casino slot, table and skill-based games including poker, backgammon, gin rummy, poker dice and blackjack tournaments.
GameAccount boasts that Simulated Gaming, launched in the USA in January 2014, has been proven to monetise Internet traffic to existing websites operated by land-based US casinos, with more than 10 percent of players spending on average 3x more than players of social casino applications operated on Facebook.com.
"Simulated Gaming enables land-based US casinos to tap into the Social Casino market worth an estimated $1 billion per annum in the United States in 2013, increases property visitation among existing patrons and drives acquisition of new patrons," GameAccount claims.


BOYLESPORTS MANAGER CONVICTED ON SERIOUS THEFT CHARGES
2014-05-28

Ronan Crowley, a 33-year-old manager at a Boylesports retail betting shop in Cork, Ireland developed such a penchant for sports betting that over a two year period he stole hundreds of thousands of Euros from his employers and, incredibly, was able to do so undetected for some time.

This week he paid the price when Judge Sen Donnabhin imposed a five-year jail sentence on him, and was fortunate that the judge suspended it in its entirety.

The Irish Examiner reports that Crowley gambled most of the Euro 590,810 he stole through the Paddy Power website and that the online bookmaker appeared to have flagged his big-spending account. The court was told that Paddy Power carried out an internal investigation on the account and stopped Crowley from making further deposits...but it did not feel it was necessary to advise Boylesports.

Paddy Power became so concerned about the extent of Crowley's betting that the Boylesports manager was approached and asked about the source of his funds. He lied to the betting group, saying that he had inherited the money.

It took 22 months, but eventually Crowley's employer tumbled to the thefts and called in the police.

Detective Padraig Harrington told the court that in 236 separate thefts Crowley failed to lodge shop cash receipts into the companys main account any day on which he was working over a 22-month period between November 19, 2011, and September 2 2013, misappropriating Euro 590,810 over the period and gambling Euro 398,000 of it away online at Paddy Power.

Harrington said that the chances of recovering the money in a reasonable time from the accused were negligible.

They [Paddy Power] failed to notify Boylesports. They knew he was a manager at Boylesports, the detective claimed.

Crowley's legal representative said that his client had hoped to secure a big win which would have enabled him to put the money he had stolen back into his employer's account, but he had only lost more money.

He suggested that had Crowley been stopped earlier he might have stood a chance of repaying the stolen funds. He added that Crowley had cooperated with the police and was remorseful.

Judge Sen Donnabhin expressed surprise that the theft of such a large sum of money had gone undetected for so long.

This is a truly extraordinary case," he said. "In excess of half a million Euro was stolen from Boylesports over almost two years, a significant breach of trust.

It beggars belief that a company like Boylesports are so disorganised in their set-up they did not know this was going on for almost two years - a man entrusted to make lodgements was not making the lodgements.

One would expect this would be picked up overnight or within a week in a properly-run business.

Paddy Power knew or suspected there was something wrong, had the accused as a monitored customer and seemed to be slow in either reporting it or detecting it. Again that is quite extraordinary.



IVEYPOKER APP LAUNCHES ON FACEBOOK
2013-07-08

Phil Ivey's new IveyPoker App was launched in Beta mode on Facebook inviting players to experience a number of free training videos from "Team Ivey" while playing free-to-play poker with their Facebook friends on the "social felt".
Players are gifted 3500 chips on registration and are presented with the opportunity to play cash games, multi-table tourneys and Sit and Go's through the app's lobby. It also features Multi4 which enables Facebook players to play four tables simultaneously with a customisable backdrop of Las Vegas, Private Jet and Hollywood amongst others.
The app offers in-game purchases that cover chips, avatars, additional training vids and special symbols that can be sent to other players.
Release on the iOS and Android platforms is expected once the app is out of beta and officially in play.


CAKE POKER NETWORK TO CARRY TOPJACK PROGRESSIVE JACKPOTS
2013-04-24


Multi-million instant win jackpot games supplier Topjack Games has added network operator Cake Poker to its growing list of partners in its first major network deal. Topjack has provided the network with its suite of mega jackpot games for release to network skins in the coming weeks.

Cake Poker players can either use the multi-currency facilities to bet on the games, or loyalty points, because Topjack can connect any loyalty point, of any value as an alternate to real money currency.

Topjack CEO Nick Lynes said Thursday: We are absolutely thrilled to sign this deal and release Cake Poker today. Players on the network will now be able to enjoy our unique games and use their loyalty points to play for life changing jackpots.

We are the first company in the world to offer instant win mega jackpots on a wide range of games. With more products and bigger prizes to come, I hope this is the start of a long relationship with Cake Poker.



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2015-02-15

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