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SCIENTIFIC GAMES NAME NEW CEO
2014-06-11

Gavin Isaacs has been named president and chief executive officer of Scientific Games Corporation (SGC) succeeding David L. Kennedy with immediate effect.
Issacs most recently served as chief executive officer of SHFL Entertainment when the company was bought by Bally Technologies. Previously he served as executive vice president and chief operating officer of Bally Technologies. Prior to that, he has held numerous senior positions with Aristocrat Leisure Limited as head of global marketing and business development, managing director of Aristocrat's London-based European subsidiary and president of Aristocrat's Las Vegas-based subsidiary Aristocrat Technologies Inc.
He is also a Trustee and former president of the International Association of Gaming Advisors.
"Gavin is a very talented and seasoned gaming industry executive with the necessary skills to lead our Company to the next level of growth and performance," commented Ronald O. Perelman, Chairman of the Board of Scientific Games. "He has an impressive track record of success and is recognized for his dynamic leadership. We believe his focus on customer relationships, strategic thinking and expertise in growing innovation-focused businesses make him the ideal choice to lead our efforts to achieve greater profitability and increased cash flow."
Perelman thanked David L. Kennedy for stepping up to lead the Company during the last six months and working with the Board to facilitate the CEO succession. We were fortunate to have a leader of David's stature and experience at such an important time, and we are pleased that he will continue to serve the Company and our stockholders as Executive Vice Chairman."




TEXAN TAKES DOWN W.S.O.P. CIRCUIT EVENT
2014-01-22

Texas online and live tournament professional player Tyler Morris bested a record entry list of 1,427 rivals in the $1,675 buy-in Apuestas Deportivas Apuestas Rusia 2018 Online Bingo Rooms Play Bingo online Main Event of the World Series of Poker Circuit stop in Durant, Oklahoma on Monday, playing at the Choctaw Casino.
The event turned out to be one of the biggest main events in WSOP Circuit history.
The big entry field created a $2,142,000 prize pool, ensuring good cashes, especially on the final table, which after three days comprised Morris facing fellow Texans Shelby Penka, Preston Harwell and Jeffrey Gibralter; Las Vegas players Joshua Evans Jesse Capps and Michael Sanders; and local contestants Clyde Walters and Julie Walker.
When Walters walked after being eliminated by Morris, the scene was set for the heads up between two Texans - Morris vs. Penka, a long and exciting encounter that saw the chip lead change hands several times before Morris managed to get the upper hand and take the game, winning the $369,503 first-place prize and a seat into the 2014 National Championship.
Penka collected the runner up check for $229,194.
Other final table payouts included:
3rd Clyde Walters $167,954
4th Preston Harwell $127,685
5th Jeffrey Gibralter $97,204
6th Joshua Evans $74,863
7th Jesse Capps $58,327
8th Michael Sanders $45,967
9th Julie Walker $36,650


PAF GOING AFTER RECREATIONAL POKER PLAYERS
2013-07-18

The online poker collaboration between Finnish gambling monopoly Alands Penningautomatforening (PAF) and Microgaming's MPN internet poker network has resulted in a more recreational player-friendly approach designed to ease novice players into the game.
The company said in a press statement this week that the partnership will premiere a new online poker offering that features a softer approach to the classic game and comes complete with helpful instruction videos and full-service guidance.
Beginners should be able to learn to play poker at their own pace and on a suitable level together with their poker peers, said Herbert Paradis, head of poker for PAF.
The company offers a range of different poker softwares in addition to the Microgaming offering; with Both Ongame and IPN from Boss Media available in order to give players a wider choice.
Anders Wiklund, a director of PAF, says the company wants its poker to be "...a friendly place for hanging out and having fun with friends."
PAF wants to offer something new and unique, something that is non-exclusive in that it suits all players. We believe that this is where the growth potential is, Wiklund said.


ONLINE GAMBLING SHOULD PROVIDE SOLID TAX REVENUES FOR NEW JERSEY (Update)
2013-04-24

Answering an enquiry from New Jersey legislative budget chief David Rosen this week, the state treasurer reiterated his assessment that the legalisation of online gambling will generate $225 million in state taxes, and that the New Jersey Division of Gaming Enforcement is tasked with delivering and implementing online gambling regulations sometime between late May and late November 2013.

New Jersey treasurer Andrew Sidamon-Eristoff responded this week to the enquiry, writing that his estimates were based on a report from a Wells Fargo analyst who projected New Jerseys Internet gambling potential could grow to $1.5 billion over the next five years. The Treasurer had opted for a more conservative estimate of $1.2 million in overall revenues.

At a 15 percent tax rate, this would yield $225 million in revenue to the state, Sidamon-Eristoff explained, adding that he expected $180 million in tax revenues would be generated during the first fiscal year of implementation in Atlantic City.

The budget boss had asked for clarity on the issue, expressing some scepticism on the state government's budgeting projections,

New Jersey has legalised online gambling, which is to be licensed to existing New Jersey land gambling licence holders and strictly controlled (see previous InfoPowa reports).

The publication Press of Atlantic City reports that Sidamon-Eristoff feels the Wells Fargo study may have underestimated the potential of Atlantic City-based online gambling, commenting in his response to Rosen:

Wells Fargo estimated an initial impact, which did not benefit from a specific knowledge of the final legislation or our ultimate plans governing how quickly we would be able to roll out a fully functional system.

We also feel that Wells Fargos analysis underestimated the level of excitement, novelty and publicity that such a rare opportunity would create.

Dennis Farrell Jr., the Wells Fargo senior analyst who issued the original estimates, told the Press of Atlantic City that it was possible Internet gambling could gross $1.2 billion in the first year, but that there were many unknowns, including when the regulations would be published and when companies are ready to go online.

Maybe they have an aggressive timeline, he said. The sooner, the better.

Meanwhile, the UK-based consultancy GamblingData has published its own estimate on New Jersey's potential for online gambling, projecting gross gambling revenues of $262 million in the first year (see previous InfoPowa report).

Gambling Data says it bases its forecast on data from the Italian market - a country chosen because its tax rate also is 15 percent, and that it shares other comparable factors.



2015 Kentucky Derby Odds
2015-04-15

Kentucky Derby week is one of the most thrilling times of the year. This race is known as "The Most Exciting Two Minutes in Sports" for its approximate time length.



Check 2015 KY Derby Schedule May 1 and 24 at Sportsbook.com



Odds to Win 2015 Kentucky Derby


MULTI-PLATFORM ONLINE POKER COMPANIES AT WAR?
2012-11-02

Over the past two days it has become clear from website notices and message board postings that there is serious conflict between the PIV and Muchos Poker multi-platform referring networks.
Some reports suggest that litigation has already commenced, although the genesis for the dispute is uncertain at present, with confusing informal claims from both sides regarding player deposits, royalties, Interpol involvement, affiliate clashes and company responsibilities for payments.
Industry posters impacted by the dispute report that Muchos has advised them that its contract with PIV was terminated on October 29th, although no reasons were given.
Some reports suggest that PIV shut down Muchos banking facilities a month back to channel player deposits to itself, but this has not been confirmed.
Muchos has apparently stopped promoting the PIV poker platforms and is now promoting a range of its own which includes 888, Boss Media, Instadeal, Ongame, Revolution, Merge and iPoker tiers 1 and 2, with Microgaming listed as a forthcoming attraction.
Several affiliate marketer sites report being told by Muchos Poker that their players would no longer be able to access PIV skins, but that a new and improved range of skins are open to them following the termination of the Muchos-PIVGame partnership at the end of October.
Muchos allegedly recommended that affiliates withdraw their account balances from PIV and persuade their players to sign up with it on terms and conditions similar to those they had previously enjoyed.
Players are again left in the no-man's-land between the warring factions and await more clarity on the issue.