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Party Poker Parent- PartyGaming's -4% 3Q Sales Meet Co Expectations PartyGaming PLC, the U.K.-listed online gambling group and parent of online poker site Party Poker, today reported that 3rd Quarter (3Q) sales were down 4% year-on-year to $112.7 million. This is in line with company expectations. Shares open lower than the 320p target price, and closed Wednesday at 283p.
Kandu Challenge Ruled an Illegal Poker Game by Kansas Judge A judge in the U.S. state of Kansas ruled Friday that the poker game known as Kandu Challenge is primarily a game of chance, and is gambling. Therefore, it is illegal under Kansas gambling laws.
Media Corp Buys Purple Lounge, Promises More M&A in Future Today, Media Corporation (Media Corp), the AIM-listed advertising network and online publishing group, announced that it bought all shares of UK-based Purple Lounge Ltd (Purple Lounge), which offers online poker, card and casino games, and sports betting. After the acquisition, Media Corp will be able to market its gaming services to the United Kingdom, since Purple Lounge operates from Malta, a UK white-listed jurisdiction.
The Poker Channel Neufbox TV Deal Continues Expansion into France In parallel to France's National Assembly preparing to vote Tuesday on enacting a bill to liberalize and regulate the country's online gaming market, the Poker Channel has just announced a new distribution agreement with Neufbox TV, the popular TV service of French telecommunications company SFR.
PokerStars to Piggieback NFL Sunday with Million Dollar Challenge The world's biggest poker site is rolling out more original programming this Sunday, Oct. 11th, with the debut of the PokerStars.net Million Dollar Challenge.
Mansion88 and 5050Poker Join Microgaming Poker Network Two more online poker sites have joined the Microgaming Poker Network according to an announcement by online gaming software provider Microgaming: Asian-facing Mansion88.com and Malta-based 5050Poker.com.
PPA's New Letter to President Says: Protect the Right to Play Poker The Poker Players Alliance (PPA) has posted a new letter on their website to send to U.S. President Obama urging him to protect the right to play poker in the absence of a federal law against playing online poker (click here, or view below). The letter also demands that the seizure of poker player funds by the Department of Justice (DoJ) stop.
Letter Urging Delay in UIGEA Implementation Sent by Bipartisan Group Last Friday October 2, a impressive bipartisan group sent a letter to Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke asking them to respond favorably under their Administrative Procedure Act authority to delay implementation of the Unlawful Internet Gambling Enforcement Act (UIGEA) regulations for one year, until December 1, 2010. In their press release, the group's members referred to the regulations as an "unreasonable burden on regulators and the financial services industry at a time of economic crisis."
New Poker Staking Site Announced: StakeMyChips.com SMC Group Management Ltd, operators of SendMyChips.com, just announced the launch of StakeMyChips.com, a new Staking Site where tournament players can track which friends, peers and colleagues are staking them for particular games.
Barry Shulman Defeats Negreanu for WSOPE Title Barry Shulman won the World Series of Poker Europe Main Event after an epic three-hour heads up battle with Daniel Negreanu. Shulman earned 801,603 GBP ($1,283,687) and a gold bracelet for his victory. Negreanu picked up 495,589 GBP for second place, enough to pass Phil Ivey as the all-time leading money winner in poker tournament history with over $12 million in tournament earnings. If Ivey finishes higher than seventh place at the WSOP Main Event, he will retake the top spot. |
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