Posted on 16th October 2019 by Maya Michaels in Poker News

Poker King Club, an operator of poker games and tournaments, has opened a new poker room in the casino at the Paradise Hotel Busan.

Poker King Club Vice-President, Mr David Chee and Paradise Casino Division Chief, Mr MingZhong Kim finalized the details of the partnership on October 10.

The new poker room will include Short Deck Hold’em and No-Limit Hold’em variants at different levels, including:

*All amounts displayed in South Korean Won (₩1 = $0.00084)

  • ₩ 1,000/3,000
  • ₩ 2,000/5,000
  • ₩ 5,000/10,000
  • ₩ 10,000/20,000
  • ₩ 20,000/40,000
  • ₩ 30,000/60,000
  • ₩ 50,000/100,000

Meanwhile, the Paradise Hotel and Casino, which offers 532 guest rooms and multiple amenities, will make the poker experience even more pleasurable. They will provide VIP guests with an array of special services, one of which is a private room service for when they stay at the hotel.

Besides this poker room, Poker King Club also operates a room at Paradise Casino Jeju Grand. Moreover, they host poker rooms at the Venetian Macao, in Cotai, Macau, and at Solaire Resort and Casino in Manila, the capital of the Philippines.

Earlier this year, Suncity Group Holdings Ltd which owns Poker King Club, signed a Memorandum of Understanding with Paradise Group which resulted in this cooperation.

Suncity is the largest operator of VIP casino gambling on the Macau market. Recently, the company has been increasing its gaming investments to markets beyond China.

Suncity commented on their expansion strategy: “The company has been focusing on expanding its tourism-related businesses and the board believes that should the possible cooperation materialise, it can enable both parties to form a synergy and develop… strengths, resources and expertise”

The company added: “Paradise Casino Busan is currently operated by Paradise Co. and is a licensed casino with a full range of gaming facilities located at the Paradise Hotel Busan by Haeundae Beach, one of the best tourist attractions in Busan.”

Posted on 9th October 2019 by Maya Michaels in Poker News

Lately, there hasn’t been news bigger than this in the online gaming industry.

PokerStars, the world’s largest online poker cardroom owned by The Stars Group, has a new owner.  This online poker operator based in Canada has been acquired by UK-based Flutter Entertainment.

Flutter Entertainment is a global sports betting, gaming and entertainment provider which has been created by the merger of Paddy Power and Betfair. Flutter also owns online gaming brands such as FanDuel, the TVG Network, and Sportsbet.

A deal like this will make the newly-merged group the largest online gaming entity in the world. These two giants joining forces could potentially be worth nearly $12 billion.

“This is an exciting and transformational combination that will bring together two strong, complementary businesses to create a global leader in the fast-growing online sports betting and gaming industry,” said Gary McGann, chair of Flutter Entertainment.

“The combined group will be a strong voice in the promotion of responsible gaming worldwide and will lead industry standards on the protection of customers, whilst building sustainable relationships with them,” he added.

Last year only, Flutter and Stars collective revenue amounted to $4.7 billion. It is estimated this combined group will have around 4 million active users across more than 100 countries.

FTSE 100-listed Flutter will exercise control of approximately 54.64% of the new company, while Stars Group shareholders will own 45.36% of it.

With the change of ownership, PokerStars will see the leadership of Flutter Entertainment chief executive Peter Jackson, with current TSG chief executive Rafi Ashkenazi assuming the role of a chief operating officer.

Since the Supreme Court legalized sports betting, it has become legal in 11 U.S. states for now. Flutter has been working towards establishing its presence in the US market and with the new merger, they plan on continuing their expansion.

Posted on 2nd October 2019 by Maya Michaels in Poker News

Exciting news for online poker players residing in New Jersey or Nevada.

All of the major the major fall online tournament festivals in the global market have been wrapped up, and now it is New Jersey operators’ turn to shine. They are ready to begin with their own big tournament festivals in October.

At present, there are four poker networks involving seven sites in New Jersey. PokerStars, Borgata, PartyPoker, WSOP.com, 888, are some of the licensed online poker rooms.

PokerStars’ New Jersey Championship of Online Poker (NJCOOP) is back for another year, fourth time in a row. The operator’s has just announced the full schedule for their leading NJ online tournament.

NJ poker enthusiasts will be able to participate in this successful tournament series for two weeks starting from October 12 until October 28. The tournament is back with 50 must-play events, with the same prize money like last year, guaranteed amount of $1 million. Besides different poker variants, the tournament also covers mixed games, ending with a $300 No Limit Hold’em Main Event with a $100,000 guarantee.

The WSOP/888 network, the leading online poker network in the Garden State, will be running its annual Fall Online Championships, as well. Running from October 6-20, it covers 37 events with over $1 million guaranteed spread over the series, as well as a Main Event with $175,000 guaranteed and a Champion’s Belt there for the taking.

In their combined efforts, Borgata Poker and Partypoker, that make the third network in the state, have not yet announced an online tournament series this year. Sharing a player pool with its casino partner, Borgata, the two rooms offer separate promotions and bonuses.

The network usually schedules Garden State Super Series (GSSS) for March and October, however, it missed the series last March and no official announcement has been made so far relating the rest of 2019.

Posted on 25th September 2019 by Maya Michaels in Poker News

One of the industry’s leading online gambling providers, Microgaming, plans to shut down its Microgaming Poker Network (MPN) the following year.

Having launched in March 2003, MPN is one of the longest-running poker networks in the world and the home to many online poker operators which will soon have to find a new home for their services.

Things did not seem to head in this direction last year when they Microgaming launched their player-focused platform, however, new Prima poker software seems to have come to an end, too.

After  “an extensive internal review of the software supplier’s product portfolio and strategy” that has been mentioned in the official statement, Microgaming came to a conclusion that they had to adopt a very different business model which poker network was not the part of.

John Coleman, CEO at Microgaming stated:

“The network model no longer fits with our strategic vision for poker, and this is the right time to announce the closure as we focus on redistributing key resources and personnel across the business.

While the network will be closing, this is not the end for poker at Microgaming, which is driven to create the most enjoyable entertainment experiences, leading the way with world-class gaming content.

Ultimately, this move will help the business to achieve that vision as we follow a new strategic direction for the vertical, details of which will be revealed in due course.”

The specific date of the network’s termination is not known yet, but it is expected to occur either in the second quarter or the third quarter of next year.

Colemanalso reassured the players that until then, the network will continue functioning as it usually does, with regular promotions, scheduled tournaments and live events, as well as guaranteeing them  that the safety of their funds will not be affected.

Posted on 20th September 2019 by Maya Michaels in Poker News

The newest New Jersey’s Division of Gaming Enforcement statistics on the final revenue numbers from August 2019 indicate that online poker in New Jersey is on the decline.

The numbers weren’t looking up this time last year either when the New Jersey online poker scene was faced with same problems. And now figures from the previous month and year are even lower.

For instance, the revenue for online poker between the months of June and July 2019 was up by 6.6%, and also a year-on-year 2.1% increase was detected. However, this rise has been short-lived, since most recently, there has been a 9.5% decrease in revenue when compared with July’s takings, and a year-on-year comparison also exhibits 5.9% decline.

In total, online poker revenue $1.7 million for the month of August was the second lowest amount in a month in 2019 as well as one of the six lowest that have been recorded since the market first launched.

On the other hand, online casino games and sports betting are flourishing, despite the poker’s downward slope.

Online casino games yet again reached record revenue numbers last month and all the operators combined collected $39.4 million, surpassing the previous July one that amounted to $37.4 million, while online sports betting generated $19.2 million, having become the second highest monthly level since the market opened in late 2018.

Along with Nevada and Delaware, New Jersey set up its own online poker industry.

The former two countries have agreed to share players among the states for a couple of years, and the addition of NJ resulted in producing bigger tournaments and more cash games, making poker more interesting for players in all these three states.

Perhaps the gradually decreasing New Jersey online poker numbers are causing the operators to delay the launch dates of potential online poker sites in the states such as Pennsylvania and West Virginia which legalized online poker in 2017 and 2018.

Posted on 10th September 2019 by Maya Michaels in Poker News

September is the month of poker!

Several major tournaments including WCOOP are scheduled to take place in the ninth month of 2019, and some of the biggest poker operators did their due diligence and prepared for the events as best as they could.

Preparations included client updates releases which will enhance the player experience on the online poker tournaments we are about to see.

MPN (Microgaming Poker Network), PokerStars, and Partypoker are just some of the poker operators which boosted their desktop software in time for the start of the September poker spree.

The first event on the list was the Knockout Series which kicked off on August 25, immediately followed by Winamax Series and Galactic Series. Next on the agenda, we have 888poker’s Super Series flagship brand that kicks off on September 12 in Italy and lasts for 11 days.

However, the biggest event we were all waiting for is the World Championship of Online Poker which kicked off a couple of days before. The grand finale of the championship is scheduled for September 25.

The busiest time of the year for poker attracts numerous players and operators from around the world, and everyone aims to present the best technology and expertise on these tournaments.

Hence, PokerStars unveiled the highly anticipated “stacks in big blinds” feature, with Partypoker following closely with a powerful set of updates involving new tournament information display, a KO Series theme, a One Click Bet feature, and a substantial overhaul to the Mac client.

Microgaming Poker Network joined the fun by releasing the v42 update which incorporates numerous tournament display information upgrades.

The September online poker season is officially underway!

Posted on 4th September 2019 by Maya Michaels in Uncategorized

The segregated virtual poker room in India, PokerStars.IN  has just announced its brand-new marketing campaign for online poker.

The second campaign in a row, it features Nawazuddin “Nawaz” Siddiqui, one of the most famous actors in Bollywood who is also the brand ambassador.

Only six months ago, the premium Indian-based online poker room released one marketing campaign after Siddiqui joined the squad as the brand ambassador.

The March campaign included TV commercials for online poker, which was a first for the traditional country of India. The innovative move brought a lot of attention to the brand and put the online poker room directly under the spotlight.

The PokerStars Group, which has 7 different teams, boasts impressive marketing strategies in all its markets, including the USA and India.

However, as the security of the players is of paramount importance, the strategy must always be centered on responsible gaming and harm awareness.

Using the motto “You Are Made For Poker”, PokerStars India aims to attract a larger audience and appeal to customers from all spheres.

The primary motivation is to help the potential customers realize the power of the poker player within them, all the while advocating safe and responsible playtime.

The initiative involves attracting players to a secure, regulated platform such as PokerStars India, where they can play safely without any hassle and learn and understand the ins and outs of the delicate game of poker.

Ankur Dewani, the CEO of Sachiko Gaming, PokerStars India’s partner, hopes the new campaign will bring fresh players that are ready to embark on their poker adventure with a reliable and trustworthy platform.

Posted on 28th August 2019 by Maya Michaels in Poker News

European online poker players are gearing up for what’s likely to be an action-packed month.

Half a dozen online tournament series have been scheduled in the European segregated markets, turning their focus to the south of the continent.

The likes of Winamax, Pokerstars, partypoker and 888poker have all lined up a lineup which brings a number of highly-anticipated poker tournaments over the next couple of weeks for players in France, Spain, Portugal and Italy.

The Knockout Series kicked it all off on 25 August with its week-long event spanning across 115 tournaments with a €1.25 million guarantee.

A week later, PokerStars and Winamax get set to roll out Galactic Series and Winamax Series, respectively. The two events come with a combined guarantee of a whopping €30 million!

Furthermore, PokerStars will take their Galactic Series to Italy as well, with €3 million in guaranteed prize money. This particular event starts on 8 September.

Ultimately, 888poker follows suit with its Super Series flagship brand.

The online gaming behemoth is set to unveil its Super Series brand which is hosted in Italy and in Southern European markets, including Spain and Portugal.

These particular series start on 12 September and runs over the next eleven days.

Winamax Series broke the ice in South Europe earlier this summer with €14 million guaranteed over a 12-day event which included three tournaments with seven-figure guarantees. As a result, the Wanamax Series became the largest tournament series this operator has ever held.

Posted on 21st August 2019 by Maya Michaels in Poker News

The World Championship of Online Poker (WCOOP) is just around the corner with this highly-coveted PokerStars tournament set to begin on September 5, running to September 25.

Spreading across 73 exciting events, this tournament features a $75 million guaranteed windfall which makes it the greatest-ever in the festival’s history. The 20-day event will thus build upon the last year’s edition, adding $5 million on top of the $70 million in total prize money in 2018.

WCOOP will follow the same pattern of the Spring Championship of Online Poker (SCOOP).

As a result, we will have a three-tier buy-in competition featuring a total of 219 tournaments. All of those will come in low, medium and high buy-in variations.

The Main Event is definitely pièce de résistance of the festival, featuring a $55 buy-in low version with $1.25 million guaranteed. Furthermore, there is also a High buy-in variation with $5,200 and guaranteed prize money in excess of a whopping $10 million.

The 2019 novelty is three Pot Limit Omaha Main Event(s) with three-level buy-ins:

  • $109
  • $1,050
  • $10,300

The three Pot Limit Omaha Main Events feature a total guarantee worth $2,000,000. These tournaments will be held on the same day as the NLHE Main Events.

This year, WCOOP will also debut its charity event.

The Mini Sunday Million Edition is an event boasting $400,000 in prize money and comes with a $55 buy-in. The organizers, PokerStars, have pledged to donate $5 from each player’s buy-in to Right to Play. This is a global organization aiming to protect and empower children to overcome poverty through sport and play.

One of the exciting features will return this year as well with PokerStar announcing it will also run the “Player of the Series” competition. Three most consistent players across the entire tournament will pocket $500,000 in total prizes.

The ‘Player of the Series’ leaderboard is divided into four different tiers: Low, Medium, High and Overall. The Overall winner will scoop a trophy alongside the check for $20,000.

Posted on 14th August 2019 by Maya Michaels in Poker News

The Stars Group has released its second-quarter earnings report.

Despite the 51 per cent increase in total revenue in the three months, ending June 30th, the reports show a 20 per cent decrease per share.

The increase is due to the company’s recent acquisition of Sky Betting & Gaming in July of 2018. The Stars Group, which is the parent company to online poker site PokerStars, has started to rely more on sports betting, with the product vertical increasing from 20 to 36 per cent of overall revenue. In May, the company announced a sports betting partnership with Fox Sports to launch Fox Bet and also signed a deal with the National Basketball Association.

Online poker, which used to make up 53 per cent of the company’s revenue, decreased and now makes just 30 per cent. Online casino revenue also slipped, from 31 to 25 per cent.

The CEO of the Stars Group Rafi Ashkenazi commented: “The second quarter underpinned the success of last year’s acquisitions, particularly with the record performance of Sky Betting & Gaming and our increasing product and geographic diversification, as we continue to transform and position the business to execute on our strategy for strong, sustainable future growth.”

He also reflected on the fact that 2019 has been and still is “a year of integration, execution and debt reduction”.

The company is committed to applying “key strategic priorities” in the future, while also establishing itself as a market leader in the U.S.

They are confident that their actions which were taken over the last year, including reassessing their fixed cost base, will put the company in a strong position to deliver their mid-term growth targets from the end of 2019.

The Stars Group has revised their EBITDA expectations after the adjusted net earnings fell 10 per cent to $243 million.

The company’s stock price bottomed out roughly 20 per cent to 12.8 per share with the news.