Tag Archives: pokerstars

States told they need realistic projections for igaming

Data analyst Eilers Research has warned US states planning to legalise igaming to keep their financial projections realistic. In its latest report called ‘US iGaming Outlook for 2015 and Beyond’, Eliers pointed out that New Jersey Governor Chris Christie’s team had estimated around $180m in tax for the first year of operation, when in reality the tax revenues from opening …

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PokerStars opens second live poker room in Asia

City of Dreams in Manila has opened the second PokerStars live poker room in Asia. In a statement, PokerStars said it has launched a branded, live poker room at the newest integrated casino resort in the Philippines. PokerStars LIVE Manila is now officially open, offering a range of tournaments and cash games. “Our relationship with City of Dreams has been …

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Lee Richardson – Gaming Economics – A Review of Gambling Corporate Acquisition in 2014

Big year, better year? The past twelve months have witnessed some of the biggest deals in the history of the e-gaming industry, despite a regulatory and taxation backdrop of unprecedented challenge and change, across the globe. Consolidation continues, and it already seems likely that next year will see more of where the large get larger, the middle gets squeezed and …

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Victoria Coren Mitchell quits PokerStars sponsorship over casino product inventory

UK TV personality and European Poker Tour champion Victoria Coren-Mitchell has terminated her sponsorship deal with PokerStars. Coren-Mitchell citied the introduction of casino product to its inventory as the reason for the termination of her representation of PokerStars. Coren-Mitchell made a statement announcing the termination through her blog – VictoriaCoren.com.   “On Friday night, PokerStars.com announced that it will be …

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Amaya’s California igaming coalition gets stronger

The Amaya Group has attracted another California gaming group to join a growing partnership to run an online poker operation in the US state should it ever be legalised. San Manuel Band of Mission Indians has agreed to join the existing business agreement between the Morongo Band of Mission Indians, California’s three largest card clubs – the Commerce Club, the …

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IOM operators prepared for POC

Peter Greenhill, the CEO of e-Gaming Development at Isle of Man’s Department of Economic Development, has belied any sense of panic around the UK’s point of consumption laws, which are now due to come in on 1 November. In a piece by IOM Today, Greenhill suggested all the jurisdiction’s operators were well prepared for the change. He said he did …

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Mobile almost a third of total revenues

The latest Online Gambling Quarterly report from MECN has had a number of unusual events to assess, given that the first half of 2014 was marked above all by the FIFA World Cup and some events, such as the PokerStars acquisition, that shook up the industry. This new report covers online gambling industry benchmarks, KPIs, and related topics and comes …

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Baazov wants to retain Rational’s core values

Amaya CEO David Baazov wants the Rational Group, parent company of PokerStars and Full Tilt Poker, to continue to focus on its ‘core values’ of ‘integrity, customer focus, and challenge’. Amaya has just invested US$4.9bn completing the acquisition of Isle of Man-headquartered Rational Group Ltd. Baazov commented: “We are extremely pleased to have completed this acquisition. Through PokerStars, Full Tilt …

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Rational Group commits to the Isle of Man

The Department of Economic Development has welcomed the announcement that PokerStars has committed its future to the Isle of Man following its planned takeover by Amaya Gaming Group Inc. General Counsel to the Rational Group of Companies Paul Telford has written an open letter to the Chief Minister reiterating the company’s commitment to the Isle of Man. Leonard Singer MHK, …

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Amaya to snap up $4.9bn PokerStars

Amaya Gaming Group has agreed a sensational US$4.9bn (£2.9bn)  deal to acquire The Rational Group, operator of the world’s biggest online poker brands PokerStars and Full Tilt Poker. The deal is backed by Blackstone Group LP’s credit division, GSO Capital Partners, which will buy more than $600 million in convertible preferred shares and other securities. Deutsche Bank, Barclays and Macquarie …

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