Win Up To $100,000 Playing Online Poker
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Bwin.Party Digital Entertainment PartyPoker.com PartyCasino.com
Bwin.Party Digital Entertainment and its PartyPoker.com and PartyCasino.com gaming brands are used to delivering world class promotions and games, and this gaming season is no different.
The award winning PartyPoker.com invites you to 'Conquer The World'!
Dominate the World
This November and December sees the exciting World Domination promotion return to PartyPoker as players are invited to take over the world, one city at a time.
During this World Domination period, PartyPoker is going to award thousands of dollars’ worth of cash payouts and freeroll tournament seats, while also giving the players a chance to challenge for a massive $100,000 top prize!
Taking over the World
In order to achieve world domination and take down the cash prizes, all players must do is earn PartyPoints between Nov. 7 and Dec. 32.
Each time a player earns 10 PartyPoints they will be randomly awarded 1 of 72 different cities from around the world. They will now have dominated that city and are encouraged to keep earning PartyPoints and taking over more and more cities. Players are able to be awarded the same city more than once and some cities will be harder to capture than others.
Most cities will also award an instant prize but the biggest prizes are awarded to players if they manage to conquer entire countries and continents. The $100,000 is what all players should be aiming for and that is awarded to anybody who manages to accumulate all 72 unique cities.
Most cities will award an instant prize or at the very least a freeroll ticket, while each continent and country has a different prize value. For example, if you conquer all four cities in England, you will be awarded an instant prize of $1,500! In addition to this, if you then go on to claim each and every country in Europe, you will be awarded a massive $20,000 and be well on your way to winning the $100,000 that goes along with achieving world domination!
Players can get started right now and earn their first city for only 5 PartyPoints, so make sure you head over to PartyPoker and start taking over the world!
In order to snatch your free bankroll, all you have to do is sign up for a PartyPoker account and wait for your immediate free credit of $25. Once you receive the $25, head to the tables and earn 200 PartyPoints, whereby you will then be awarded an additional $25!
This means that you will have earned 20 countries in the World Domination promotion while also receiving your free bankroll! Play smart and play often. Good luck at the tables.
Online Gamers Check Out Casino Product...
An increasing amount of online poker players are also checking out online casino offerings from Bwin.Party Digital Entertainment. New casino players currently get up to $3000 sign up bonus, understood to be the highest bonus in the world for new players.
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 $4 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 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.
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.
Websites
PartyCasino.com
PartyPoker.com
Profiles
Bwin.Party Digital Entertainment PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
Casino Travel Media is part of the Media Man group of companies which include Media Man, Casino News Media and Global Gaming Directory.
Saturday, November 19, 2011
Tuesday, November 15, 2011
Casinos Of The World: Land Based And Online; Media Man And Casino News Media Awards, by Greg Tingle

Sin City Cleopatra Rambo The Godfather Sinatra The Terminator Thor Saturday Night Fever Unicorn Legend Palladium Slot
World Directory Global Gaming Directory World Casino Directory
Punters, here's 10 of the world's top land based casinos for you to mark down in your travel plans.
Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French
and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye".
Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise
Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools.
Melbourne, Australia: As Australia's sporting and entertainment capital, Melbourne
offers the perfect option for high rollers looking for a local break. Aussies need look no further than Crown Casino on the southern bank of the Yarra River, which is one of the largest casino complexes in the southern hemisphere. The main gambling floor stretches more than half a kilometre and the casino was the first to introduce the new game Rapid Roulette, which allows players to place bets on a personal electronic touch screen connected to a central roulette wheel.
Macau, China: Known as the 'Monte Carlo of the Orient,' and the gambling capital of Asia, Macau now rivals Monaco and Las Vegas as one of the premier gambling destinations in the world. With no less than 33 casinos, in addition to local horse and greyhound racing venues, Macau is perfect for the betting junkie. The Wynn Macau casino is a standout, highlighted by 24-carat gold 'Tree of Prosperity' at the entrance, extravagant water displays and Moon Jellyfish Aquarium at reception.
Baden-Baden, Germany: Situated on the western foothills of the Black Forest and on the banks of the Oos River, Baden-Baden is not your typical casino town. However, in addition to its hot springs and picturesque countryside, the town is also known for its 200-year-old 'Spielbank' casino - the oldest of its type in Germany. With French chateau-style salons rooms named after historical figures such as Madame Pompadour and Louis XV's mistress, the quirky casino provides visitors with a very unique gaming experience.
Las Vegas, United States: With over 1700 licensed casinos in operation, Las Vegas offers the ultimate package for travellers who fancy a flutter. A visit to the famous 'Strip' is a must for any player, whether they're looking for a spin on the roulette table or a game of blackjack - this city has it all. The iconic Caesar's Palace hotel and casino offers 129,000 square feet of casino space plus an endless smorgasbord of entertainment, shopping and fine dining options, including Cleopatra's barge, a floating lounge perfect for a relaxing drink after a jam-packed night on the casino floor.
Manila, The Philippines: With a favourable exchange rate, Manila provides great value for Aussies wanting to live the high-life overseas. The city offers a range of shopping and entertainment options, along with a world-class casino at the Hyatt Hotel. Spread across three levels, the sparkling casino offers the newest in gaming facilities for both hotel guests and visitors, and is just a short distance from Manila's tourist hub.
Sun City, South Africa: Known as 'Africa's Kingdom of Pleasure,' this luxury resort and casino complex, just two hours from Johannesburg, boasts two large casinos, two 18-hole golf courses and a wildlife reserve. At the extravagant yet picturesque Palace of the Lost City, guests are treated to stunning valley views from the guestrooms, along with exclusive access to the Grand Pool. The nearby Sun City Casino is the entertainment Mecca of the resort, featuring a myriad of gaming options as well as an indoor jungle of native foliage and water fountains.
Atlantic City, United States: Regarded as the US's 'Las Vegas of the East', Atlantic City in New Jersey is renowned for its gambling, shopping and fine dining. Towering above the banks of the Atlantic Ocean, the Trump Taj Mahal casino is an icon of the city, with an on-site shopping district and an abundance of restaurants and bars. The 157,000 square-foot casino is also hard to miss, with 3,500 slot machines and 200 table games. Unveiled in 1990 by a number of celebrities, including the late Michael Jackson, the casino is the second-largest in Atlantic City and well worth a visit.
Genting Highlands, Malaysia: Nestled on the Titiwangsa mountain range, just an hour's drive from Kuala Lumpur and 6,000 feet above sea level, the Resorts World Genting offers 360-degree views of the surrounding countryside. This spectacular resort has first-class accommodation, dining and entertainment, while avoiding the hustle and bustle of a capital city. The on-site casino, which covers 200,000 square feet, is Malaysia's sole gaming venue and is divided into separate themed areas, such as Hollywood and Monte Carlo, for the ultimate gambling experience.
Online Casinos:
PartyCasino.com : The world's leading online casino brand and part of Bwin.Party Digital Entertainment. Play for free or play for money at PartyCasino.com New players get up to $3000 sign up bonus via Media Man.
VirginCasino.com : Virgin Casino is part of Virgin Games. The parent company is Virgin Enterprises Limited, the creation of the world's most famous and celebrated entrepreneur, Sir Richard Branson. Unfortunately the casino does not accept players from many countries due to what is known in legal circles as "grey areas". Most European players can play, but no Americans, Canadians, Australians or New Zealanders.
Captain Cooks Casino : Was once a very popular online casino with Australians and New Zealanders, however we understand these days they can only accept players from a few regions such as Europe, South Africa, Canada and South America.
PKR : Once only a 2D online poker room, they are now more 3D and offer online poker and a good range of online casino games, including classics, Marvel slots and table games.
Media Man's top online casino choice: PartyCasino.com PartyCasino is a multi-time Media Man 'Online Casino Of The Month' winner and have also won awards from EGR. Earlier this year PartyGaming merged with Bwin to create the worlds leading igaming company, Bwin.Party Digital Entertainment.
News
PartyCasino Gets New Games...
Aztec Gold, Atomic Fruit, Nag's To Riches and Fairies Forest. Check out the new games here.
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Monday, November 14, 2011
PartyCasino News: PartyCasino VIP Double Up; Palladium online slot; Promotions
Profiles
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Palladium Slot Palladium Lounge Blackjack PartyCasino.com Slots
VIP Double Up
Starts: 00:00 ET, 21st November
Ends: 23:59 ET, 30th November
Prove you’re a big hitter and win up to $15,000 cash with VIP Double Up.
Earn points playing your favorite slots and jackpot slots, and work your way up the leaderboard to get your hands on your share of the riches.
Double the fun on the VIP Palladium slot
Accelerate your VIP Double Up progress with our exclusive VIP Palladium slot. You’ll earn double points every time you spin!
Have a look at the full list of prizes:
Rank Prize
1 $15,000 cash
2 $10,000 cash
3 $7,500 cash
4 $5,000 cash
5 $4,000 cash
6 $3,000 cash
7 $2,000 cash
8 $1,000 cash
9 $750 cash
10 $500 cash
11 to 15 $300 cash bonus
16 to 50 $150 cash bonus
51 to 100 $75 cash bonus
Find your Jack in the Box surprise...
Starts: 00:00 ET, 14th November
Ends: 23:59 ET, 17th November
We’ve packed our blackjack tables with thousands of cash gifts, bonuses and free points. Our rewards are hidden inside a surprise Jack in the Box. You won’t have to look hard to find it – the Jack in the Box will find you!
Just play any of our blackjack games as normal between 00:00 ET on 14th November and 23:59 ET on 17th November. If the Jack in the Box appears, act fast to claim your fabulous prize. Remember, the more you play blackjack, the better your chance of finding our account-boosting surprises.
Jack in the Box rewards will appear at random in the following games: Blackjack Multi-Hand Pro; Blackjack Single Deck; Blackjack Bonus Pairs; Blackjack High Limit; Blackjack Single Player; Multi-Player Blackjack; Multi-Hand Blackjack
Surprise gifts will only be offered on the download lobby.
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 $4 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 selection of promotions this month which are some of the best available in the industry today.
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.
Websites
PartyCasino.com
PartyPoker.com
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
PartyCasino Bwin.Party Digital Entertainment PartyPoker.com Casino News Media Media Man
Palladium Slot Palladium Lounge Blackjack PartyCasino.com Slots
VIP Double Up
Starts: 00:00 ET, 21st November
Ends: 23:59 ET, 30th November
Prove you’re a big hitter and win up to $15,000 cash with VIP Double Up.
Earn points playing your favorite slots and jackpot slots, and work your way up the leaderboard to get your hands on your share of the riches.
Double the fun on the VIP Palladium slot
Accelerate your VIP Double Up progress with our exclusive VIP Palladium slot. You’ll earn double points every time you spin!
Have a look at the full list of prizes:
Rank Prize
1 $15,000 cash
2 $10,000 cash
3 $7,500 cash
4 $5,000 cash
5 $4,000 cash
6 $3,000 cash
7 $2,000 cash
8 $1,000 cash
9 $750 cash
10 $500 cash
11 to 15 $300 cash bonus
16 to 50 $150 cash bonus
51 to 100 $75 cash bonus
Find your Jack in the Box surprise...
Starts: 00:00 ET, 14th November
Ends: 23:59 ET, 17th November
We’ve packed our blackjack tables with thousands of cash gifts, bonuses and free points. Our rewards are hidden inside a surprise Jack in the Box. You won’t have to look hard to find it – the Jack in the Box will find you!
Just play any of our blackjack games as normal between 00:00 ET on 14th November and 23:59 ET on 17th November. If the Jack in the Box appears, act fast to claim your fabulous prize. Remember, the more you play blackjack, the better your chance of finding our account-boosting surprises.
Jack in the Box rewards will appear at random in the following games: Blackjack Multi-Hand Pro; Blackjack Single Deck; Blackjack Bonus Pairs; Blackjack High Limit; Blackjack Single Player; Multi-Player Blackjack; Multi-Hand Blackjack
Surprise gifts will only be offered on the download lobby.
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 $4 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 selection of promotions this month which are some of the best available in the industry today.
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.
Websites
PartyCasino.com
PartyPoker.com
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
Friday, November 11, 2011
Echo Entertainment: Entertainment name of the game at The Star casino, by Greg Tingle - 10th November 2011
Profiles
World Casino Directory Global Gaming Directory Australian Casinos The Star Echo Entertainment Gaming Sydney Australia
Stop saying Star City Casino... owned and operated by Tabcorp Holdings. It's The Star, run by Echo Entertainment, and don't you forget it my friends.
Integrated entertainment complex and land based casino owner Echo Entertainment advised revenue was stronger in the first quarter of 2011-12 and earnings are expected to rocket in the second half.
If you missed it, Echo Entertainment demerged from betting and gaming outfit Tabcorp Holdings in June 2011, and today operates The Star in 'Sin City' Sydney, Jupiters Hotel and Casino at Surfers Paradise, The Treasury Casino (Brisbane) and Jupiters up in Townsville.
Chief exec Larry Mullin told the company's AGM that Echo's performance in the three months to September 30 had been in line with the firms expectations.
Revenues in the period were up by 15.2 per cent and up 14.4 per cent on a normalised basis, he said.
Full-year earnings would be hit in the first half from costs associated with opening the newly revamped The Star, Mr Mullin said.
Pre-opening costs are going to be in the region of $30 million, while operating expenses at The Star will initially be higher.
Strong earnings growth is expected in the second half, due to new products and expansions at The Star, Mr Mullin said.
Second-half earnings in Queensland are also forecast to accelerate, following the impact of floods in the previous corresponding period.
In the meantime Australia's most famous gaming billionaire James Packer, and his Crown Limited - Crown Casino empire are not going to roll over and die, with casino revaps of their own in Melbourne and Perth, with Burswood in Perth expected to be rebranded Crown.
Media agencies such as Media Man and Casino News Media are currently obtaining information from the public at large as to whether The Star and Crown Casino are more about gambling or entertainment, or both. Roy Morgan and the Australian Government are expected to be very interested in the findings.
Websites
The Star
Echo Entertainment
The Darling
Casino News Media
Media Man News
Website Network
Media Man Int
Media Man
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Casino News Media
Global Gaming Directory
World Casino Directory Global Gaming Directory Australian Casinos The Star Echo Entertainment Gaming Sydney Australia
Stop saying Star City Casino... owned and operated by Tabcorp Holdings. It's The Star, run by Echo Entertainment, and don't you forget it my friends.
Integrated entertainment complex and land based casino owner Echo Entertainment advised revenue was stronger in the first quarter of 2011-12 and earnings are expected to rocket in the second half.
If you missed it, Echo Entertainment demerged from betting and gaming outfit Tabcorp Holdings in June 2011, and today operates The Star in 'Sin City' Sydney, Jupiters Hotel and Casino at Surfers Paradise, The Treasury Casino (Brisbane) and Jupiters up in Townsville.
Chief exec Larry Mullin told the company's AGM that Echo's performance in the three months to September 30 had been in line with the firms expectations.
Revenues in the period were up by 15.2 per cent and up 14.4 per cent on a normalised basis, he said.
Full-year earnings would be hit in the first half from costs associated with opening the newly revamped The Star, Mr Mullin said.
Pre-opening costs are going to be in the region of $30 million, while operating expenses at The Star will initially be higher.
Strong earnings growth is expected in the second half, due to new products and expansions at The Star, Mr Mullin said.
Second-half earnings in Queensland are also forecast to accelerate, following the impact of floods in the previous corresponding period.
In the meantime Australia's most famous gaming billionaire James Packer, and his Crown Limited - Crown Casino empire are not going to roll over and die, with casino revaps of their own in Melbourne and Perth, with Burswood in Perth expected to be rebranded Crown.
Media agencies such as Media Man and Casino News Media are currently obtaining information from the public at large as to whether The Star and Crown Casino are more about gambling or entertainment, or both. Roy Morgan and the Australian Government are expected to be very interested in the findings.
Websites
The Star
Echo Entertainment
The Darling
Casino News Media
Media Man News
Website Network
Media Man Int
Media Man
Media Man News
Media Man Entertainment
Casino News Media
Global Gaming Directory
Thursday, October 20, 2011
Bwin.Party Digital Entertainment Betting On United States, by Greg Tingle - 20th October 2011
Profiles
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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Australian Sports Entertainment
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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Wednesday, September 7, 2011
Casinos Of The World: Land Based And Online; Media Man And Casino News Media Awards, by Greg Tingle

Sin City Cleopatra Rambo The Godfather Sinatra The Terminator Thor Saturday Night Fever Unicorn Legend Palladium Slot
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Media Man And Casino News Media Awards - August 2011
Media Man and Casino News Media have awarded their casino award winners and finalists for August 2011.
Land Based Australian Casino Of The Month: Crown Casino, 2nd The Star (formally Star City Casino), 3rd Burswood Casino, 4th The Reef Hotel Casino (Cairns)
Online Casino Of The Month: PartyCasino.com 2nd Virgin Casino 3rd Grand Reef Online Casino 4th Paddy Power Online Casino 5th PKR Casino
*Online casino awards are based on a combination of gameplay, trustworthiness, ethics, customer feedback, affiliate program offerings, word of mouth, customer experience and overall offerings
*Media Man and Casino News Media have been awarding the 'Casino Of The Month' accolade for the land based and online sector since 2009.
Punters, here's 10 of the world's top land based casinos for you to mark down in your travel plans.
Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French
and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight
budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye".
Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise
Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from
the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools.
Melbourne, Australia: As Australia's sporting and entertainment capital, Melbourne
offers the perfect option for high rollers looking for a local break. Aussies need look no further than Crown Casino on the southern bank of the Yarra River, which is one of the largest casino complexes in the southern hemisphere. The main gambling
floor stretches more than half a kilometre and the casino was the first to introduce the new game Rapid Roulette, which allows players to place bets on a personal electronic touch screen connected to a central roulette wheel.
Macau, China: Known as the 'Monte Carlo of the Orient,' and the gambling capital of Asia, Macau now rivals Monaco and Las Vegas as one of the premier gambling destinations in the world. With no less than 33 casinos, in addition to local horse and greyhound racing venues, Macau is perfect for the betting junkie. The Wynn Macau
casino is a standout, highlighted by 24-carat gold 'Tree of Prosperity' at the entrance, extravagant water displays and Moon Jellyfish Aquarium at reception.
Baden-Baden, Germany: Situated on the western foothills of the Black Forest and on
the banks of the Oos River, Baden-Baden is not your typical casino town. However, in addition to its hot springs and picturesque countryside, the town is also known for its 200-year-old 'Spielbank' casino - the oldest of its type in Germany. With French chateau-style salons rooms named after historical figures such as Madame Pompadour and Louis XV's mistress, the quirky casino provides visitors with a very unique
gaming experience.
Las Vegas, United States: With over 1700 licensed casinos in operation, Las Vegas
offers the ultimate package for travellers who fancy a flutter. A visit to the famous 'Strip' is a must for any player, whether they're looking for a spin on the roulette table or a game of blackjack - this city has it all. The iconic Caesar's Palace
hotel and casino offers 129,000 square feet of casino space plus an endless smorgasbord of entertainment, shopping and fine dining options, including Cleopatra's barge, a floating lounge perfect for a relaxing drink after a jam-packed night on the
casino floor.
Manila, The Philippines: With a favourable exchange rate, Manila provides great value
for Aussies wanting to live the high-life overseas. The city offers a range of shopping and entertainment options, along with a world-class casino at the Hyatt Hotel. Spread across three levels, the sparkling casino offers the newest in gaming
facilities for both hotel guests and visitors, and is just a short distance from Manila's tourist hub.
Sun City, South Africa: Known as 'Africa's Kingdom of Pleasure,' this luxury resort
and casino complex, just two hours from Johannesburg, boasts two large casinos, two 18-hole golf courses and a wildlife reserve. At the extravagant yet picturesque Palace of the Lost City, guests are treated to stunning valley views from the guestrooms, along with exclusive access to the Grand Pool. The nearby Sun City Casino is the entertainment Mecca of the resort, featuring a myriad of gaming options as well as an indoor jungle of native foliage and water fountains.
Atlantic City, United States: Regarded as the US's 'Las Vegas of the East', Atlantic City in New Jersey is renowned for its gambling, shopping and fine dining. Towering above the banks of the Atlantic Ocean, the Trump Taj Mahal casino is an icon of the city, with an on-site shopping district and an abundance of restaurants and bars. The
157,000 square-foot casino is also hard to miss, with 3,500 slot machines and 200 table games. Unveiled in 1990 by a number of celebrities, including the late Michael Jackson, the casino is the second-largest in Atlantic City and well worth a visit.
Genting Highlands, Malaysia: Nestled on the Titiwangsa mountain range, just an hour's
drive from Kuala Lumpur and 6,000 feet above sea level, the Resorts World Genting offers 360-degree views of the surrounding countryside. This spectacular resort has first-class accommodation, dining and entertainment, while avoiding the hustle and bustle of a capital city. The on-site casino, which covers 200,000 square feet, is Malaysia's sole gaming venue and is divided into separate themed areas, such as Hollywood and Monte Carlo, for the ultimate gambling experience.
Online Casinos:
PartyCasino.com : The world's leading online casino brand and part of Bwin.Party Digital Entertainment. Play for free or play for money at PartyCasino.com New players get up to $3000 sign up bonus via Media Man.
VirginCasino.com : Virgin Casino is part of Virgin Games. The parent company is Virgin Enterprises Limited, the creation of the world's most famous and celebrated entrepreneur, Sir Richard Branson. Unfortunately the casino does not accept players from many countries due to what is known in legal circles as "grey areas". Most European players can play, but no Americans, Canadians, Australians or New Zealanders.
Captain Cooks Casino : Was once a very popular online casino with Australians and New Zealanders, however we understand these days they can only accept players from a few regions such as Europe, South Africa, Canada and South America.
PKR : Once only a 2D online poker room, they are now more 3D and offer online poker and a good range of online casino games, including classics, Marvel slots and table games.
Media Man's top online casino choice: PartyCasino.com PartyCasino is a multi-time Media Man 'Online Casino Of The Month' winner and have also won awards from EGR. Earlier this year PartyGaming merged with Bwin to create the worlds leading igaming company, Bwin.Party Digital Entertainment.
News
Wagering firms take fee case to High Court...
A legal battle between two wagering firms and NSW racing authorities has begun in the High Court.
Betfair says a 1.5 per cent turnover fee levied by Racing NSW reduces competition and discriminates against interstate operators.
Counsel for Betfair, Neil Young QC, on Tuesday told the court the fee was not uniform but in fact was discriminatory.
He said Betfair participated in a national market.
Betfair argues the turnover fee will affect its ability to operate because the company is a low-margin operation that matches punters against each other.
The company then takes its commission from winning bets.
In March, both Betfair and Sportsbet were granted leave to appeal against a decision by the Federal Court that they tender the fee as legislated.
Both firms say paying the fee on gross profit is a fairer way to operate.
Overseas based firms such as Bwin.Party Digital Entertainment, Paddy Power and PMU are watching the case closely.
Paddy Power Active Customers Already Exceeds All of 2010 Figures...
Ireland’s biggest online bookmaker, Paddy Power, is attributing mobile gaming to its massive surge in active customers. This year’s numbers already exceed that of the entire 2010.
Just over a third of its active customers made transactions via mobile devices. Online products are now contributing 81% of the group’s operating profit, according to the Financial Times of London.
Paddy Power CEO Patrick Kennedy told the Financial Times: "We invested in a very good product and backed it up with TV advertising and online marketing."
The online business generated €45.3m in operating profit, a rise of 25% compared to the same period in 2010. Its land-based shops continue to suffer, however.
Playtech Signs Gala Coral Contract, Acquires Mobile-Bet Company...
Playtech Ltd, the Internet gambling software maker and content developer which has a joint venture with William Hill Plc (WMH), said it signed a long-term contract with Gala Coral Group Ltd., and acquired Mobenga AB, a mobile-phone sports-betting company.
Playtech will pay as much as 15.8 million euros ($22.4 million) for Mobenga, the Isle of Man-based company said in a statement. Playtech also said second-quarter revenue rose 7 percent to 39.6 million euros over the same period a year earlier, led by online casino games.
Gala Coral, which has 2,000 betting shops in the U.K. and Italy, should become one of Playtech’s top three clients within a year after its software is transferred, in 2012, Playtech’s Chief Executive Officer Mor Weizer said in a telephone interview. Mobenga will help Playtech expand in mobile telephone gambling, which generates 30 percent of bets for some companies, he said.
“This is a very important win for us,” Weizer said. “We already have most of the established operators in the U.K., and Gala Coral we were after for a long time.”
Playtech gained 18.25 pence, or 5.4 percent, to 356.75 pence at 8:47 a.m. in London, after earlier rising as much as 6.3 percent. The shares have fallen 16 percent so far this year, giving the company a market value of 866.3 million pounds.
Stockholm-based Mobenga will give Playtech the ability to combine sports-betting, casino and poker games in one mobile- phone application, Weizer said.
Playtech generates more than 10 million pounds ($16.1 million) from its biggest client, Imperial E-Club Ltd., Weizer said.
‘Players’
Most of the company’s clients attract players through sports, though they make most of their money through games, so they’re always seeking to convert sports betters to game players, he said.
Second-quarter casino revenue gained 9 percent to 27.3 million euros, and bingo sales increased 32 percent to 3.6 million euros, the company said.
Poker sales dropped 32 percent to 5 million euros, the company said. The poker business declined even though the U.S. charged founders of online poker companies still accepting games in the country with money laundering in April.
Weizer said the companies still had cash to lure poker players. Poker numbers have been “picking up” since the end of June, when one of the companies stopped play, he said. Full Tilt Poker, then the world’s second-biggest poker site, lost its license from Alderney on June 29.
PartyCasino Gets New Games...
Aztec Gold, Atomic Fruit, Nag's To Riches and Fairies Forest. Check out the new games here.
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Monday, September 5, 2011
Bwin.Party Digital Entertainment Nears Finalizing US Deals, by Greg Tingle
Profiles
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The Co-Chief Executive of Bwin.Party Digital Entertainment, Jim Ryan confirmed this past week that the group is close to finalizing a number of deals with US based gambling companies, in a bid to enter the US market when legislation passes in this sector on a federal level.
Ryan said that the recently merged Bwin and PartyGaming were negotiating with companies who reached across the country, and particularly those in states where the likelihood of online gambling reaching them in the near future was higher than other states.
Ryan said that Bwin.Party Digital Entertainment was "in contract negotiations with a partner from New Jersey." In addition, the group was lining up partners in California and Florida.
These states had the greatest potential to see online gambling legislation passed, he said.
Ryan stressed that the current negotiations were not for acquisitions, but for partnerships only.
Above Consensus Market Expectations...
The announcement by Ryan was made as Bwin.Party released its first half earnings, showing that they had fallen by more than a fifth. This was put down in part to increases in gaming taxes across Europe.
The group said, however, that its numbers were still above consensus market expectations, which boosted its share prices somewhat.
While European gambling regulation continued to be encouraging, there was still uncertainty coming from the German market, which makes up for 22% of Bwin.Party's revenues.
Analysts believe that it may be two to three years before Germany's stand on regulation becomes clear.
An analyst with Peel Hunt, Nick Batram said: "While the current trading may reflect a worst case German scenario, it is frustrating that the company does not quantify the potential impact from an effective shutout and what plan B might be."
Troubles facing Full Tilt Poker also worked to Bwin.Party's advantage as players sought new poker sites and migrated to its brands.
First half earnings before interest, tax, depreciation and amortization fell 21% to €81.8 million.
Ryan said that the group's strategy was "to be a pan-European operator and it looks like we are the only organization that has the strategy and capability to do that."
REG - bwin.party digital - Dividend Declaration...
RNS Number : 2933N
bwin.party digital entertainment
31 August 2011
bwin.party digital entertainment plc
('bwin.party' or the 'Company')
Interim Dividend
The Board of bwin.party has today declared an interim dividend of 1.56 pence per ordinary share in respect of the six month period ended 30 June 2011. This dividend will be paid by the Company in accordance with the timetable set out below.
Shareholders and depositary interest holders may elect to receive the dividend payment in Euros by submitting currency elections to the Company's registrar (Capita Registrars) no later than 23 September 2011. Currency election forms are in the process of being dispatched to registered shareholders and the form will be available on the Company's website, www.bwin.party.com. Depositary interest holders wishing to receive the dividend in Euros may submit a currency election via CREST. The foreign exchange rate used for converting the pounds sterling dividend payment into Euros will be the rate quoted by the Company at or about 11.00 a.m. (BST) on 26 September 2011.
31 August 2011 Interim dividend declared
7 September 2011 Ex-dividend date
9 September 2011 Record date
23 September 2011 Deadline for receipt of currency elections
26 September 2011 Pounds sterling/Euros foreign exchange rate struck for Euro dividend currency elections
7 October 2011 Interim dividend paid
Bwin.Party Digital Entertainment Financial Heads Up...
Wednesday could be one for the gamblers with online gaming operators Bwin.Party Digital Entertainment and 888 Holdings both reporting.
888 has already revealed its revenue figure for the first half – it made $153.m, an improvement of 18.1% on a year earlier. Panmure Gordon thinks earnings before interest, tax, depreciation and amortisation (EBITDA) will be up 52% from last year at $19.1m, giving earnings per share of 4.5 cents.
“With the strong start to Q3 and, despite the planned increased investment, we believe the risk to our forecasts is on the upside,” the broker added.
As for Bwin.Party, UBS thinks the company will report a drab set of figures, with first half revenues of €425m. Even that is better than Panmure Gordon is expecting; the latter is predicting revenue of €410m.
Bwin.Party And 888 Update - 31st August 2011...
888’s rival bwin.party digital saw its shares rally 15.3p to 125.3p, as investors warmed to its first set of results since it was created by the merger of PartyGaming and Austria’s bwin earlier this year.
The numbers revealed cost savings from the deal would be £8.9m more than expected and recent trading had been strong.
But it plunged to a half-year loss of £27m from profits of £53m after a £54.4m accounting charge.
The half-year dividend is 1.56p. Bwin.party said it was benefiting from the suspension of rival Full Tilt Poker’s license.
It hopes the US may one day reopen its doors. In the meantime, it is grappling with increased regulation in some European markets and the higher taxes this brings.
Bwin blames poker for drop in profits...
Online gaming firm Bwin.party revealed a drop in profits after it was dealt a blow from greater competition in poker markets.
The owner of PartyCasino, Foxy Bingo and PartyPoker said like-for-like revenues dropped three per cent to 398 million euros (£352.2 million) in the six months to June 30.
In its first set of results since the merger of Bwin and PartyGaming in March, the group said it came up against stronger comparatives with the previous year, which was boosted by the World Cup.
Revenues at its poker business declined 10 per cent to 104.9 million euros (£92.8 million) amid greater competition, including a campaign from rival 888 fronted by former Australian cricketer Shane Warne.
Underlying profits fell 21 per cent to 72.4 million euros (£64.1 million) after the group, which generates a quarter of its income in Germany, was hit by increased gaming duties as it launched in newly regulated markets.
Bwin said the number of new poker players signing up to its brands increased six per cent to 373,700 in the period, but active player days were down 11 per cent.
Revenues at its bingo arm were down eight per cent to 33 million euros (£29.2 million) amid intense competition in the UK, while sports betting revenues were down two per cent. But its casino and poker division saw revenues increase two per cent to 124.3 million euros.
*The writer has conducted b2 with Bwin.Party Digital Entertainment
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The Co-Chief Executive of Bwin.Party Digital Entertainment, Jim Ryan confirmed this past week that the group is close to finalizing a number of deals with US based gambling companies, in a bid to enter the US market when legislation passes in this sector on a federal level.
Ryan said that the recently merged Bwin and PartyGaming were negotiating with companies who reached across the country, and particularly those in states where the likelihood of online gambling reaching them in the near future was higher than other states.
Ryan said that Bwin.Party Digital Entertainment was "in contract negotiations with a partner from New Jersey." In addition, the group was lining up partners in California and Florida.
These states had the greatest potential to see online gambling legislation passed, he said.
Ryan stressed that the current negotiations were not for acquisitions, but for partnerships only.
Above Consensus Market Expectations...
The announcement by Ryan was made as Bwin.Party released its first half earnings, showing that they had fallen by more than a fifth. This was put down in part to increases in gaming taxes across Europe.
The group said, however, that its numbers were still above consensus market expectations, which boosted its share prices somewhat.
While European gambling regulation continued to be encouraging, there was still uncertainty coming from the German market, which makes up for 22% of Bwin.Party's revenues.
Analysts believe that it may be two to three years before Germany's stand on regulation becomes clear.
An analyst with Peel Hunt, Nick Batram said: "While the current trading may reflect a worst case German scenario, it is frustrating that the company does not quantify the potential impact from an effective shutout and what plan B might be."
Troubles facing Full Tilt Poker also worked to Bwin.Party's advantage as players sought new poker sites and migrated to its brands.
First half earnings before interest, tax, depreciation and amortization fell 21% to €81.8 million.
Ryan said that the group's strategy was "to be a pan-European operator and it looks like we are the only organization that has the strategy and capability to do that."
REG - bwin.party digital - Dividend Declaration...
RNS Number : 2933N
bwin.party digital entertainment
31 August 2011
bwin.party digital entertainment plc
('bwin.party' or the 'Company')
Interim Dividend
The Board of bwin.party has today declared an interim dividend of 1.56 pence per ordinary share in respect of the six month period ended 30 June 2011. This dividend will be paid by the Company in accordance with the timetable set out below.
Shareholders and depositary interest holders may elect to receive the dividend payment in Euros by submitting currency elections to the Company's registrar (Capita Registrars) no later than 23 September 2011. Currency election forms are in the process of being dispatched to registered shareholders and the form will be available on the Company's website, www.bwin.party.com. Depositary interest holders wishing to receive the dividend in Euros may submit a currency election via CREST. The foreign exchange rate used for converting the pounds sterling dividend payment into Euros will be the rate quoted by the Company at or about 11.00 a.m. (BST) on 26 September 2011.
31 August 2011 Interim dividend declared
7 September 2011 Ex-dividend date
9 September 2011 Record date
23 September 2011 Deadline for receipt of currency elections
26 September 2011 Pounds sterling/Euros foreign exchange rate struck for Euro dividend currency elections
7 October 2011 Interim dividend paid
Bwin.Party Digital Entertainment Financial Heads Up...
Wednesday could be one for the gamblers with online gaming operators Bwin.Party Digital Entertainment and 888 Holdings both reporting.
888 has already revealed its revenue figure for the first half – it made $153.m, an improvement of 18.1% on a year earlier. Panmure Gordon thinks earnings before interest, tax, depreciation and amortisation (EBITDA) will be up 52% from last year at $19.1m, giving earnings per share of 4.5 cents.
“With the strong start to Q3 and, despite the planned increased investment, we believe the risk to our forecasts is on the upside,” the broker added.
As for Bwin.Party, UBS thinks the company will report a drab set of figures, with first half revenues of €425m. Even that is better than Panmure Gordon is expecting; the latter is predicting revenue of €410m.
Bwin.Party And 888 Update - 31st August 2011...
888’s rival bwin.party digital saw its shares rally 15.3p to 125.3p, as investors warmed to its first set of results since it was created by the merger of PartyGaming and Austria’s bwin earlier this year.
The numbers revealed cost savings from the deal would be £8.9m more than expected and recent trading had been strong.
But it plunged to a half-year loss of £27m from profits of £53m after a £54.4m accounting charge.
The half-year dividend is 1.56p. Bwin.party said it was benefiting from the suspension of rival Full Tilt Poker’s license.
It hopes the US may one day reopen its doors. In the meantime, it is grappling with increased regulation in some European markets and the higher taxes this brings.
Bwin blames poker for drop in profits...
Online gaming firm Bwin.party revealed a drop in profits after it was dealt a blow from greater competition in poker markets.
The owner of PartyCasino, Foxy Bingo and PartyPoker said like-for-like revenues dropped three per cent to 398 million euros (£352.2 million) in the six months to June 30.
In its first set of results since the merger of Bwin and PartyGaming in March, the group said it came up against stronger comparatives with the previous year, which was boosted by the World Cup.
Revenues at its poker business declined 10 per cent to 104.9 million euros (£92.8 million) amid greater competition, including a campaign from rival 888 fronted by former Australian cricketer Shane Warne.
Underlying profits fell 21 per cent to 72.4 million euros (£64.1 million) after the group, which generates a quarter of its income in Germany, was hit by increased gaming duties as it launched in newly regulated markets.
Bwin said the number of new poker players signing up to its brands increased six per cent to 373,700 in the period, but active player days were down 11 per cent.
Revenues at its bingo arm were down eight per cent to 33 million euros (£29.2 million) amid intense competition in the UK, while sports betting revenues were down two per cent. But its casino and poker division saw revenues increase two per cent to 124.3 million euros.
*The writer has conducted b2 with Bwin.Party Digital Entertainment
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