Monthly Archives: May 2015

Micon Sought to Buy Lock Poker, According to Seized Documents 

Bryan Micon once attempted to buy rogue poker site Lock Poker to “make all the players whole,” according to evidence obtained by the Nevada Control Board following a raid on his home in February. Micon, founder of the now defunct Bitcoin poker site SealsWithClubs, was charged earlier this week with a single count of operating […]

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Amaya offers Q1 preview as PokerStars retroactively caps affiliate deals

Canada’s Amaya Gaming has offered a preview of its upcoming Q1 financial results and instituted a significant policy change for PokerStars affiliates.

Amaya says it expects to announce revenue of between C$336m and C$342m (US $276m–$281m) for the three months ending March 31 when it releases its final numbers on May 14. The overwhelming bulk (C$333m–C$337m) of this bounty comes from Amaya’s B2C online gambling operations, which include PokerStars and Full Tilt.

The recently divested B2B assets of Diamond Game Enterprises and Cadillac Jack will be listed as discontinued operations in the Q1 report. Had their contributions been included, Q1 revenue would have reached a range of C$363m–C$374m. Amaya expects its former Chartwell and Cryptologic software divisions to follow the path into discontinued operations status in Q2.

AFFILIATE REVENUE SHARING CHANGES AHEAD

Questions, answers about plan for Detroit school district

Michigan Gov. Rick Snyder wants to overhaul Detroit’s troubled state-run school district and divide its operations to address the “crushing” debt he says is hurting education in the city. Under the plan unveiled Thursday, an entirely new Detroit school district would be created to handle the academic operations of the city’s public schools.

Portugal online gambling regime 60-day countdown to implementation

Portugal‘s government has published the final details of the country’s new online gambling framework, paving the way for the new regime to kick in on June 29.

Portuguese legislators approved the legislation in February and this week saw the publication of the framework in the country’s Official Gazette.. The legislation would end local lottery firm Santa Casa de la Misericordia’s online monopoly and allow international firms to apply for Portuguese licenses.

The publication of the legislation’s final text starts the 60-day countdown before the new rules take effect. But Portuguese regulators have suggested that new licenses aren’t likely to be issued until Q3 at the earliest.

The county hopes the new regime will reap an annual €25m for the state but it remains to be seen how many operators will take Portugal’s bait. PricewaterhouseCoopers (PwC) has stated that the new tax rates – particularly the tax on sports betting turnover, not revenue – could cause up to 80% of new operators to exit the market within the first year of the new regime. PwC estimated that this wholesale exodus could cost the country €20m over the first three years.

Strip Scribbles: Journey at the Joint; Helene Neville's journey; expensive ice cream

There was a wild and enthusiastic packed crowd for Journey ‘s debut of a nine-show mini-residency at the Joint in the Hard Rock Hotel on Wednesday night, and contributing photographer Tom Donoghue was onsite for his great photo gallery. It’s the band’s first-ever Las Vegas residency, and Clark County officials honored the rockers with “Journey Las Vegas Day” on Wednesday.

666Bet, MetroPlay customers report receiving payouts but backlog remains

Customers of online gambling sites 666Bet and MetroPlay are breathing a little easier this week after the sites began processing some withdrawal requests.

It’s been over a month since the UK Gambling Commission (UKGC) suspended the operating license of Metro Play Ltd., the parent company of both gambling sites. A week later, news broke that 666Bet director Paul Bell had been arrested as part of a £21m VAT fraud and money laundering investigation.

As time dragged on and the sites remained dark, players protested their inability to access their account balances. 666Bet and the UKGC engaged in some ‘he said, she said’ banter over the cause of the delay until earlier this week, when 666Bet announced it had reached a deal with online wallet Skrill to process payouts. Shortly thereafter, online forums began filling up with players reporting happy reunions with their formerly frozen funds.

The UKGC has since issued an update expressing its understanding of the current situation. Both 666Bet and MetroPlay’s websites are once again live although many customers have failed to receive responses to emails. The UKGC understands that the only viable means of communication are the sites’ social media accounts. Payouts from both sites are being processed via Skrill but pending withdrawal requests from March aren’t being processed.