Two UK online poker sites, 888Poker and PartyPoker are raising their guaranteed tournament payouts in a desperate effort to keep current players happy. Here's a look at what 888 and Party Poker are doing. 888 Guarantees and Pause Button 888Poker is a huge brand with a massive international footprint, but that hasn't been enough to…
888 Holdings is closing a deal to purchase Bwin.Party for $898 millon (GBP) ($1.8 billion USD). The deal ends months of wheeling and dealing by Bwin.Party's potential suitors and leaves 888 rival GVC Holdings in the cold. According to MorningStar UK, 888's offer for Bwin.Party was actually less than GVC's offer, but offered more long-term…
GVC Holdings is getting very close to closing its blockbuster bid to take over Bwin.party. If they're successful, the deal could dramatically change the face of the online poker industry. Earlier this week, Bloomberg.com reported that GVC had teamed up with Amaya Gaming (owners of PokerStars) to offer Bwin.party 906.5 million-pound ($1.4 billion USD) for…
A taste for mobile online slots paid off big for a UK man who recently cashed in a £1.6 million payout on PartyPoker's Loot'en Khamun game. The unnamed player, who hails from Totnes, Devon, won his massive prize after just one, £3 spin on the popular mobile slots game sometime last week. According to reports…
Is Paddy Power snapping up shares of Ladbrokes ahead of a possible takeover attempt? That's the rumor that sent Ladbrokes stock soaring during this week's trading on UK markets. Speculation about the possible takeover picked up steam when someone recently picked up somewhere in the neighborhood of 25.5 million Ladbrokes shares, according to ThisisMoney.co.uk. While…
Last year wasn't the greatest year on record for UK bookmakers, but given the circumstances, things could have been a whole lot worse. According to a recent report on CalvinAyre.com, the UK's big three bookmakers (Ladbrokes, Paddy Power, and William Hill) are weathering a storm of new taxes and market tribulations pretty well. All three…
Bwin.Party released its Q1 2015 revenue numbers and the results anything but impressive. Overall, revenue at the struggling company was down by around 6% to €155.3 million ($173.48 million USD). That's up 6% from this time last year. On the poker side of the business, things were even worse. Poker revenue was down by nearly…
The race to acquire Bwin.Party is picking up steam now that Amaya Gaming has put in a €1.5 billion ($1.68 billion USD) offer on its one-time rival. Amaya Gaming, which already owns Poker Stars and FullTilt, is teaming up with GVC Holdings in the acquisition effort. Both companies, it should be noted, have already placed…
Troubled UK operator 666Bet and its parent company finally have some good news for their players; they can get their money back. Earlier this week the company announced that players have until May 24 to submit a withdrawal request. The announcement ends weeks of drama and speculation after the UK Gambling Commission pulled 666Bet's license,…
The UK's new point of consumption tax (POTC) on sports wagers took a big toll on William Hill's Q1 2015 earnings. According to reports on CalvinAyre.com and Nasdaq.com, the UK bookmaker had an operating revenue of just 1% since the POTC went into effect. That's down a whopping 19% from the same time last year.…
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