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Archive for October, 2010

Legal Online Games Realizing Fears Of Anti-Gambling Lawmakers

October 31, 2010 Leave a comment

For the past couple of years, lawmakers opposed to online gambling have pointed to the dangers associated with the leisure activity of playing online poker. Earlier this year, these lawmakers worst fears were realized, only the woman was not gambling online, she was playing legal online games.

Alexandra Tobias, a twenty-two year old mother, was accused of killing her three month old son back in January after the baby’s continual crying interrupted Tobias’ game of FarmVille on Facebook. The woman pleaded guilty to second-degree murder, and now faces life in prison.

“This tragedy is an example of how the government should not be micro-managing the online gambling issue,” said Gaming Analyst Steve Schwartz. “It is impossible to control the actions of every American, and Tobias’ actions show that tragedy can come from all areas of the Internet, not just online gambling.”

Safeguards are put in place for the popular games on Facebook, much like they would be for Internet gambling sites. Unfortunately, millions of people in the US are currently playing online poker with no safeguards due to the government’s insistence on prohibition of the online gambling industry. Offshore companies are free to treat US customers however they feel fit.

During the incident with Tobias and her child, the baby had started crying. Tobias then stopped her FarmVille game and shook the baby. When she turned back around, the baby started to cry again, so Tobias shook the baby some more. This time, however, the baby hit his head, and died shortly after.

Representative Barney Frank has been lobbying for changes to the online gambling laws in the US to prevent these types of tragedies. Frank has proposed legislation that would put safeguards in place to ensure responsible online gaming, with time and monetary limits on play. Gambling addiction is also tackled in the Frank legislation.

Psychologist Ronnie Burak admits that it is not just online gambling where people can develop addictions.

“Anything can be an addiction, absolutely anything,” said Burak, a Jacksonville Beach Clinical Psychologist, as reported by The Florida Times-Union. “If it literally takes over your life and interferes with your ability to carry on, and you can’t take care of responsibilities in the rest of your life, then it has taken you over.”

Categories: Casino, Gambling News

Party Poker is the Original Poker Party Organizer

October 30, 2010 Leave a comment

Whether you're new to PokerWorks or a loyal reader you must be aware of the $50 FREE with NO DEPOSIT required, right?  If you aren't, it's time to listen up and figure out where the best place to play in the world is located – yes, it's Party Poker.  Sign up for a new account here at PokerWorks, use the bonus code PW50FREE, and get $50 FREE. Once your eligibility is confirmed for the $50 FREE, you receive $25 in your real money account and $25 in your bonus account.  Start playing and earn PartyPoker Points to release the pending bonus into your real money account; a very simple way to add to your build-a-bankroll plan.

It doesn't end there; as a matter of fact it's only the beginning of the Poker Party. Once you have joined PartyPoker through PokerWorks and registered for the $50 FREE, you are now eligible for a $50 Reload Bonus, deposit at least $25 and enter the code PNEWS50 for a 100% match bonus up to $50. In order to clear most deposit bonuses at PartyPoker, you need to earn PartyPoints equal to 10X the bonus amount, but not with this $50 Reload Bonus offer.  All this requires is 3X the amount in Points.  If you deposit $25, you only need 75 points – a $50 deposit you will need 150 points to clear the bonus and you have 45 days from the date of your deposit to unlock your free cash.

There's still so much going on at Party Poker that you might get dizzy trying to keep up with all the Poker Party fun: 
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The Poker Party is always in full swing at PartyPoker and you are always invited to a front row seat.  Don’t be late for the biggest Poker Party in the entire poker universe and do be sure to tap into all the free money and opportunities that await you as a PokerWorks player.

 

Categories: Online Poker

Philweb Corp reports 28% increase in net profit

October 30, 2010 Leave a comment

Philippines based land and online gaming firm, Philweb Corp., has posted a 28% increase in nine month profit mainly attributed to robust gaming.

Net income increased by 28% to P477 million in January to September (Q3/2009: P373 million).

Revenues totaled P755 million, up 30% compared to the first nine months of 2009 (Q3/2009: P580 million)

Philweb said it remitted P921 million to state-owned Philippine Amusement and Gaming Corp. (PAGCOR) in the nine months to September. The amount is PAGCOR’s 60% share in Philweb’s e-Games Internet Café and Internet Sports Betting Station businesses.

Earlier this year, Philweb launched Home Play, a peso-based online casino under the firm’s partnership with PAGCOR offering traditional casino games like blackjack, baccarat, roulette and slots to Filipino players 21 years and older. Other offerings from Philweb include the “Instant Premyo Sa Resibo” text raffle in co-operation with the Bureau of Internal Revenue, “Basketball Jackpot” that is offered through a network of 185 Internet betting stations, and the “Bid Wars” mobile game.

“We are particularly pleased with our third quarter results, as it shows that our core businesses remain robust,” PhilWeb president Dennis O. Valdes said, “and further growth is expected up to the end of the year”.

Categories: Casino, Gambling News

Microgaming Introduces New November Online Slots

October 30, 2010 Leave a comment

November 2 – Keeping with tradition, Microgaming software group has introduced four new casino slot games to its partner casinos this month.

The four games are as follows: Reel Gems, Retro Reels, Mad Dash and Robin Hood.

While all four games promise to meet Microgaming’s standards of entertainment and rewards, it seems that Robin Hood promises to be the flagship of November’s release.

The industry is no stranger to Robin Hood themed slot games, but Microgaming has taken an old favourite and given it an interesting twist.

The Feathers of Fortune subtitle immediately links players to the sub-theme of the game – that of all the popular characters in the story, including Friar Tuck, Maid Marian and the Sheriff of Nottingham, appearing as birds .

The game boasts a number of great features, including 243 ways of winning.

Players can trigger the bonus round and earn themselves 15 free spins and double payouts.

Other features include stacked wilds, a second screen bonus game and mystery multipliers.

Mad Dash is an animated racing animals themed game, while Reel Gems is studded with precious jewels and also offers 243 ways to win.

The final game is Retro Reels, and – as its title suggests – takes players back to traditional three reel video slot entertainment with a matching interface.

Categories: Casino

Measure 75 To Show If Gambling Will Progress In Oregon

October 29, 2010 Leave a comment

It has always taken Oregon a little longer than other states to catch up with the times. That theory will be tested this week when Oregon residents go to the polls to decide whether or not to approve Measure 75, a casino gambling proposition.

In many states around the US, residents have warmed to the idea of having a casino in their hometowns. Instead of having to travel to other states, these gamblers have overwhelmingly across the US given approval to new casinos. Only in a few areas is casino gambling still being considered a taboo activity.

Opponents of casino gambling have recently attacked Measure 75 in their publications, but residents appear to be unwilling to buy into the fear these opposition groups are spreading. Among the popular talking points for the opposition is the possibility of corruption. Others have focused on the fact that there is no guarantee that the mandatory $250 investment would be spent right away. That has gambling insiders chuckling.

“Why would any company gain the right to invest in a casino and then decide they were going to delay that investment,” said Gaming Analyst Steve Schwartz. “It is much more likely that if Measure 75 passes, the investment will be made immediately in the hopes of maximizing the potential of the casino.”

The ballot question centers around Wood Village and the former Multnomah Kennel Club. The facility is currently abandoned, but if the measure is approved, the site would instantly become a hotbed for new jobs in Oregon.

The state would prosper from the casino through gambling tax revenue, which would go towards education. The new casino would also allow lawmakers to stay away from raising taxes. It is estimated that over 5,000 jobs will be created, and $150 million will go to the state annually.

If residents of Oregon want casinos outside of what already exists, tribal casinos, they will have to approve a casino measure. The legislature is unable to create a casino gaming legalization law on their own, as dictated by the state constitution.

Categories: Casino, Gambling News

The Back Room – Studly Advice

October 28, 2010 Leave a comment

The only mouse you’ll find in the back room of the Farm Barn is one that scurries away from the light and the sound of a poker game that runs late night once a week – no computers, no internet poker, no electronic gadgets allowed.

Rain is welcome. Lots of rain is not. We’ve been visited by lots of rain and business was suffering. Not the orders, but the fulfillment of the existing orders. If you know something about wood, you know the raw, unfinished, stuff soaks up moisture and joints never fit right. So I’m slow in cutting and tired of waiting for glues to dry.

That may not fully explain why I’m watching the rain fall and fat chewing with DD and Rimshot. But it is sufficient justification. It is all good company. Rimshot is having a problem like mine. There is not much you can do with wet ground. DD is between seasons. He’s a custom jeweler and his demands depend mostly on the seasons.

Rimshot lowers his beer and says: “So, you’re saying that if I see only one over card behind me, I should raise?”

The subject, now that I’ve yanked you into the shop, is about Seven Card Stud. DD had raised a point about third street and low end high pairs. He’d said . . . Well, let him tell it.

“Third Street,” DD said: “with only one over card behind you, go ahead and raise with a high pair.”

 “What happens if that over card re-raises me?” Rim shot asked.

“Then your pair should be hidden for you to call,” DD explains.

“Before you boys get to arguing over much,” I say, “do you know what a dead card is in Stud, Rimshot??

“What? Of course! It’s any card I can see on the board.”

“Um. Rimshot, what about the folded hands, and isn’t it really the cards you can see on the board that you need, that are dead?” I asked him.

“But with my high pair I don’t need those cards if they won’t help me,” Rimshot injects. “Those low cards are gappers and non-suiters.”

DD and I exchange glances, I shrug and DD nods.

“Rimshot,” he says, “those cards are likely still alive to the holders if they stay in the hand. They could be on a draw and what not. You’re overlooking a valid tenant of the game, my friend.”

Rimshot doesn’t have what you could call a poker face, though he’s practicing and coming along well with it. But while expressions chase themselves across his face I get three beers and he covers popping the top.

“The tenant is?” he asks.

“In all of poker,” DD preaches, “the first thing to do is play the other guys hand. In Stud, it might be a good idea to play all the other guys hands first. That means remembering what you saw and the way they bet, and a bunch of other things.”

“Christ!” Rimshot yelps. “What’da you think I am? A woman or something? Remember all the odd things going on.”

I had been in the middle of taking a swallow of beer when he came up with that one and about choked.

“Ah, Rimshot, women gain second sight about a guy over time, not necessarily over the poker table. Well, I hope,” I say.

DD’s laughing in his silent way. This one tickled him.

“Rimshot, stick to the low and medium limits, Man. That way when you get into the situation you’ve just named, it will be more than likely that the player has exactly what he is representing,” DD says, grinning. “And if your wife says she’s fixing to shorten you an inch or so, you’ll believe she has a sharp instrument handy.”

Rimshot looks at DD in mild surprise and thinks back a bit and nods. He opens his mouth to ask another and DD says: “Rimshot, it isn’t really about how well you think you can play, is it? It’s all about how well you do play. So just play as mistake free as you can and it should be fine for you.”

Find the ongoing Back Room Tales in our Poker Wall Section – or type The Back Room in 'search.'  And for the sake of discussion, you'll find The Back Room tales in this thread in the forum.

Categories: Online Poker

Net Entertainment interim report shows Q3 revenue up 21%

October 28, 2010 Leave a comment

Gaming software provider, Net Entertainment “saw good development during Q3/2010 with a 21% growth in revenue (35% in local currency) which should be compared with the 14% market growth predicted by H2 Gaming Capital for the full year of 2010”, commented Johan Öhman , president and CEO.

Third Quarter Highlights included:

  • Revenues for the third quarter increased by 20.8% to SEK 91.6 (Q3/2009: 75.8) million
  • Operating profit increased by 13.8% to SEK 34.1 (Q3/2009:30.0) million
  • Operating margin was 37.2 (Q3/2009:39.5) percent
  • Profit after tax amounted to SEK 30.0 (Q3/2009:20.8) million
  • Earnings per share amounted to SEK 0.76 (Q3/2009:0.53) before and after dilution
  • Two new license agreements were signed

First Nine Months 2010:

  • Revenues for first nine months increased 25.2% to SEK 268.7 (214.6) million
  • Operating profit increased by 21.0% to SEK 102.7 (84.8) million
  • Operating margin was 38.2 (39.5) percent
  • Profit after tax amounted to SEK 91.4 (75.3) million
  • Earnings per share amounted to SEK 2.31 (1.90) before and after dilution
  • Eight new license agreements were signed, including Gioco Digitale/bwin, Interwetten, Intralot and Stan James, and eight new customers’ casinos were launched

Important Events in Q3/2010:

Revenue growth for the third quarter was 35.1% in local currency compared to the Q3/2009 and 6.0% compared to the previous quarter. The strengthened Swedish currency has held back revenue growth in SEK.

The regulation of casino games online in Italy continued during the quarter. The market is still expected to open at year-end. The integration has continued during the quarter.

Agreements were signed with an operator in South America, which is a region expected to become an important market for online gaming in the future. The integration of Stan James has progressed well and launch is still planned for the fourth quarter.

Net Entertainment has received a license to offer its casino solution to gaming operators who are licensed by the Alderney gaming authority or other reputable gaming authorities. In addition, this gives an opportunity to further strengthen the customer offering by providing alternative hosting if serious disturbances occur, so called disaster recovery.

Comments from Johan Öhman, President and CEO:

We saw good development during the third quarter with a 21% revenue growth (35% in local currency) which should be compared with the 14% market growth predicted by H2 Gaming Capital for the full year of 2010.

The announced agreement with Universal will allow us to develop games based on well recognized brands where the first release will be made during the first half of 2011.

The regulatory development in Italy is progressing well and the first casino licenses are expected to be awarded around year end. Operators holding an existing license in Italy will be first out which will benefit Net Entertainment as several of the licensed operators are existing customers to us.

Significant efforts have gone into setting up a hosting facility in Alderney which will be commissioned during the fourth quarter. The Alderney Gaming Commission issued license which was received during the fourth quarter will enable us to better address certain markets such as the UK but equally to provide disaster recovery services to our existing licensees.

Categories: Casino, Gambling News