2014-04-17

CAESARS INTERACTIVE TO OFFER NETELLER SERVICE (Update)



Optimal Payments Plc has extended its existing online gaming partnership with Caesars Interactive Entertainment (CIE) with the addition of payment services option NETELLER.

Optimal Payments' NETELLER service was re-launched to the broader U.S. market early last month (see previous InfoPowa report). The re-launched NETELLER service and Net+ Card was re-branded with a new look and feel and offers updated features, capabilities and security.

CIE will now offer the NETELLER service to customers of CaesarsCasino.com, HarrahsCasino.com and WSOP.com in both Nevada and New Jersey.

Providing safe, secure and convenient payments to our customers is our top focus and NETELLER allows us to do that, commented Marco Ceccarelli, senior vice president and chief technology officer, CIE. We are thrilled to offer NETELLER in both New Jersey and Nevada effective immediately and anticipate this offering will be a popular choice for existing and new customers.

Optimal Payments and Caesars Interactive Entertainment have a longstanding partnership that strategically binds our two companies, added Neil Erlick, executive vice-president, business development, Optimal Payments. We already provide CIE with gateway services related to payment processing and now, with the addition of our new NETELLER and Net+ Card stored value offering, we hope to make it even simpler for their consumers in regulated gaming markets to do business with this leader in gaming. We plan to support the company as it rolls out its social gaming offerings in the years ahead.




2014-04-17

MR GREEN ACQUIRES DSRPTV AND SOCIAL HOLDINGS (Update)



Mr Green & Co, through its Green Gaming Group subsidiary, is exercising its option to acquire all shares in DSRPTV and Social Holdings Ltd.

DSRPTV owns 21.1 percent of Garbo.com, a mobile gaming site targeted at the female demographic. The remaining 78.9 percent belongs to Derzhava Holding Limited, owned by Mr Green & Co chief executive officer Mikael Pawlo. A Euro 500 000 consideration is on the table for the remainder of shares in DSRPTV.

Green Gaming Group will acquire Social Holdings Ltd's remaining 58.15 percent shareholding for a maximum consideration of SEK 16.63 Million, including an additional purchase consideration. The initial payment will total SEK 2.22 Million. Green Gaming Group already owns 41.85 percent of the shares in Social Holdings.

Social Holdings Ltd owns Social Thrills AB, a company that recently launched social online casino Spin Tower Casino on Facebook.

These are two companies focused on two strategically highly attractive target audiences. Garbo.com is aimed at women who mainly play on mobile devices a niche the company is essentially alone in serving. Gaming on Facebook is growing rapidly and is an area where Social Thrills commands an excellent position, said Pawlo. There is considerable synergy potential between the two acquired companies and Mr Green, in terms of both marketing and i-gaming development.

InfoPowa readers will recall Marcus Nyln being appointed chief executive officer of the newly launched Garbo.com mobile casino in January 2014.

A conclusive decision on both transactions will be made at Mr Green & Co's Annual General Meeting on April 24, 2014.




2014-04-17

CZECH GOVT DRAFTING ONLINE GAMING BILL



Czech Deputy Finance Minister Ondrej Zavodsky revealed in an interview with Bloomberg this week that the Finance Ministry is in the process of drafting a bill that would boost tax revenue's by permitting all gaming operators in the Czech Republic to offer online gaming.

Separate tax rates will apply for different types of gaming to augment the Government's current take of around 8 billion koruna (approx. $400 million) in gaming industry tax revenues per annum.

We need to create an environment that will allow us to tackle hardcore gaming like slots or table games, Zavodsky said. The indirect costs for the state stemming from such gambling are several times higher than the revenue it collects. That should be made even.

The draft bill, which is expected to come into force during 2016, is expected to levy a higher tax rate on casinos and slot operators than that of the 20 percent that lottery operators currently pay.




2014-04-17

BITCOIN ONLY SATOSHI POKER UP FOR AUCTION



Dutch entrepreneur and Satoshi Poker founder Bart van Oort is offering Satoshi Poker.org for sale via a 48-hour auction after just one year of operation.

van Oort is touting the sale of the Bitcoin-only poker domain on bitcointalk.org saying he no longer has the time or personal stability to move the business forward to its full potential.

Included in the sale is a fully paid licence and $40 000 Enterra Poker desktop client package along with a custom built backend that services Bitcoin payments and affiliate records.

Satoshi Poker reportedly generated total rake of 98.4 BTC (approx. $50 400) in 2013 and to date has generated 7.6 BTC (approx. $3 900) in 2014. 19 BTC (approx. $9 700) is owed to players and 3.9 BTC (approx. $2 000) is tied up in pending withdrawals. The operation claims to have 4648 registered players.

van Oordt is starting bids at 30 BTC (approx. $15 300), saying a portion of the final selling price will be used to cover player balances.

Latest posts from van Oordt indicate interest but no binding bids.




2014-04-17

BRANDED BETTING SERVICE FOR THE SUN?



Marketing Week report News UK's News Group Newspapers subsidiary Sun is delving into the possibility of launching its own-branded gambling service.

News UK has reportedly applied for a range of "Sun Bets" trademarks, two of which carry the strapline "back yourself".

Sun Bet's betting service would join a gambling portfolio that comprises Sun Bingo and the Sun+ "Second Chance Sunday" Lotto game.

Britains most popular paper is the number once choice of more than half of the UKs online gamblers, so we are always seeking ways to strengthen our sports offer to them, a Sun spokesperson told Marketing Week.

An own-branded betting service would provide another revenue stream for the Sun, but may alienate big-spending advertisers such as Paddy Power who sponsored the Sun Goals app when it launched in the middle of last year (see previous InfoPowa report).