Home News Links Lines

Home
NEWS
Live odds
Links
calendar
sitemap


Poker Gamewinning

August 27th Poker news ... Poker Gamewinning at pokergamewinning.com

SPECTACULAR YEAR FOR AMAYA GAMING
2015-04-01

Montreal-based and Toronto-listed online gambling group Amaya Gaming captured mainstream headlines Tuesday with an eight-fold increase in quarterly adjusted earnings, and an announcement that it intends to seek a secondary listing on Nasdaq.

Management advised shareholders that the company aims for growth in its core poker business (the Rational group acquired last year for $4.9 billion includes major online gambling companies Full Tilt and Pokerstars) through expansion into other areas such as sports betting, social gaming and fantasy sports.

"We anticipate the launch of sports betting in certain markets in the coming days with an expansion across the network to take place through the first half of 2015," said Amaya CEO David Baazov, adding that the execution of the companys growth strategy will be through both organic growth and acquisitions.

Amaya has made important changes that switch it from a business-to-business oriented enterprise to one focused on business-to-consumer.

Company management said the group anticipates providing an update on the status of its Nasdaq listing application in the near future, and will provide updates on plans for other B2B assets in the near future. These could include Amaya Alberta (rebranded from Chartwell Technologies) and Cryptologic. Amaya sold Ongame to NYX last year.

On Monday, Amaya revealed that it has agreed to sell its Cadillac Jack slot machine manufacturing subsidiary to AGM for Cdn$476 million; that news followed an earlier announcement that Amaya would offload its Diamond Game subsidiary through the Innovo IPO. (see previous InfoPowa reports).

Key financial results for the fourth quarter and the full year at Amaya included:

* Adjusted profits up at Cdn$85.7 million (Cdn$67 million), or 42 Canadian cents per share, in the fourth quarter ended December 31, from Cdn$11.1 million, or 12 Canadian cents per share, a year earlier;

* Quarterly revenue was up almost 10 times to Cdn$368.6 million, driven by record growth across its core B2C poker business;

* Full-year revenue came in at Cdn$668.2 million - very substantial growth year-on-year when compared to the corresponding period in 2013 when the company recorded Cdn$145.9 million;

* Adjusted FY EBITDA of Cdn$292.7 million (FY 2013: Cdn$62.6 million);

* Adjusted earnings of Cdn$154.6 million, up from Cdn$16.7 million;

* Sales and marketing costs massively increased from 2013's Cdn$2.8 million to Cdn$63 million in 2014;

* In the UK, the company anticipates that the impact of point of consumption tax is likely to be Cdn$45 million in 2015;

* Plans well advanced to launch full suites of online casino games at Full Tilt and Pokerstars before mid-year;

* Amaya hopes to achieve licensed status in New Jersey within the next few months, and continues to lobby for regulated online poker in Pennsylvania and California.

* Estimated revenues for 2015 could significantly exceed Cdn$1 billion.

UPDATE
Amaya confirmed Tuesday that its PokerStars sportsbook, currently in beta-test format, accepted its first sports wager Tuesday.




888 CONFIDENT OF A BUOYANT FIRST HALF
2014-07-09

The 888 Holdings online gambling group has issued a trade update on the six month period ended 30 June 2014, reporting that the company's operations have continued to deliver a very strong performance, and that Management anticipates announcing EBITDA for the period significantly ahead of the comparable period in the prior year.

888 will release its results for the first half on 27th August 2014.



LOTTOMATICA HIRES FORMER POKERSTARS MANAGER
2013-09-09

Italian firm Lottomatica has employed the services of Giulio Astarita in the position interactive poker director.
Astarita announced his appointment in a lengthy Facebook post saying while there was a lot of work to be done; the team is committed to revitalising the company's poker offering.
He has the skills to take on the challenge serving formerly as the operations and poker room manager at Pokerstars, prior to which he oversaw marketing at bwin.party's Gioco Digitale.


888 MAKING THE MOST OF THE CURRENT WORLD SERIES OF POKER
2013-05-31

Gibraltar-based 888 Holdings plc and CIE, the interactive subsidiary the US land gambling group Caesars Entertainment, have entered a sponsorship agreement between 888poker and Caesars' the World Series of Poker for live internet streaming to all non-USA residents, of almost all WSOP final tables.

The live streaming kicked off Thursday at http://www.wsop.com/2013/live-video/, with the final table of event 1 of the WSOP. Most events will include hole card coverage.

As part of this sponsorship, 888poker will be offering several online promotions and tournaments for players to win seats to the WSOP Europe later in the year, joining Team 888poker alongside its ambassadors, Shane Warne, Georges St-Pierre, Jesse Sylvia, Jake Balsiger, Russell Thomas, Padraig Parkinson and Sam Holden.

Itai Pazner, senior vice president of 888, said, "We look forward to further building our relationship with WSOP as the live streaming sponsor of World Series of Poker Las Vegas and hope that the premier coverage will reach thousands of poker enthusiasts around the globe."

Gareth Edwards, Director of 888poker commented, "We look forward to bringing viewers all the action straight from the Rio to their PCs or mobile devices. We have some great commentators lined up and we're expecting some great poker entertainment."



FIRST LEGAL U.S. ONLINE POKER SITE TOURNAMENT A SUCCESS (Update)
2013-05-10

The first legal intrastate online poker site, Ultimate Poker in Nevada (see previous InfoPowa reports) launched its rather modest first tournament over last weekend, and reports that it was a success.

The $10,000 guaranteed Sunday event had a capped entry list of 200 players, which site officials said was fully subscribed 45 minutes before the start.

Since going live on April 30, there has been no downtime whatsoever, and demand to play in our first $10,000 Sunday Tournament exceeded our expectations, remarked Joe Versaci, Ultimate Gaming chief marketing officer. We ended up reaching our 200 player cap 45 minutes before the tournament opened.

Encouraged by the high demand, the limit for Ultimate Pokers next Sunday Tournament has doubled to a capacity of 400 players, doubling the potential prize pool to $20,000. The tournament features a $100 buy-in which gives players a deep starting stack of 10,000 chips whilst 15-minute levels provide hours of action-packed poker. Satellites run every day, with greater frequency on Sunday, and range from $1 to $20.

Players must be age 21 and over and in Nevada.

The winner of the first Ultimate Poker tourney was an amateur player resident in Nevada, Daniel Healey, who took home a first place prize of $4,173.

It is really exciting to be a part of history, winning the first tournament, Healey said. I have been keeping up with the news updates and poker blogs ever since Black Friday hit and was extremely excited to hear that legal online poker is here. I am excited to be living in Nevada and playing my favorite game.


NEW WORLD POKER TOUR CHAMP FOR CANADA

Poker pro takes the honours and $442,248 in prize money at the Canadian Spring Championship

Canadian poker pro Amir Babakhani crushed a six-handed final table this week to claim the title and the $442,248 main prize in the 2013 PartyPoker World Poker Tour Canadian Spring Championship.

The new champ also gets an automatic $25,000 entry in the WPT World Championship pokerfest at the Bellagio later this month.

Babakhani, holding 6.6 million in chips had a major advantage when he faced a final table that comprised Barry Kruger, Jason Duval, Tao Liang, Martin Leblanc and Jonathan Bardier.

Babakhani eliminated most of the final table to confront Barry Kruger in the heads up. Fighting a 2.5 to 1 chip advantage held by Babakhani, Kruger produced an impressive display for the following hour but then hit a cooler and was unable to prevail. His second-placing reward was worth $272,555.



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