Hemant Bhatt, president, Cyber Cafe Association in Ahmedabad said,”There is a new trend of playing on-line games in the city, with an increasing number of youngsters getting hooked onto these games.” Teen Patti – an Indian version of Poker, also known as Flush, has many takers amongst on-line gamblers in Ahmedabad.”The game’s name in itself is catchy, targeted mainly for the urban fast moving generation, and the games are built in the same fashion as traditional card games. That is one reason we got addicted to it,” said Dharam Seth, an on-line gambler from the city.“After getting hooked onto the website, I asked my friends to join me. We are in constant touch with each other while playing games, using parallel chat services where we discuss our moves and bets,” adds Sheth.
Entries categorized as ‘Online’
Online: Asian ISP bets on gambling
August 22, 2007 · Leave a Comment
“The company’s new profits come from gambling and gaming websites, including poker and slot machine games, and multiplayer online games without a cash gambling element.
Gigamedia’s revenues surged 88 per cent year on year to reach $40m in the second quarter. The company’s profits more than doubled to reach $10m during the quarter.
“Growth was driven by increases in real money players on Everest Poker,” said Gigamedia president Thomas Hui.
Legal: CryptoLogic Suffers Due to U.S. Legislation (Europe)
August 13, 2007 · Leave a Comment
“CryptoLogic, the publicly listed gaming software provider whose partners include World Poker Tour, William Hill, Sun Poker, InterPoker, and Playboy, today reported a 46.5 percent decrease in revenues in the second quarter of 2007.
The company generated revenue of $16.2 million and said the decrease from $30.2 million in the second quarter of 2006 was “due largely to the impact of the U.S. prohibition of Internet gaming.”
Online: PokerStars Breaks World Record With Massive 20,000 Player Poker Tournament
August 8, 2007 · Leave a Comment
“PokerStars (www.PokerStars.com), the world’s largest online poker site, shattered the record for the largest cash poker tournament on July 29th with the Sunday Hundred Grand. The tournament drew a field of 20,000 online poker players to the largest cash tournament in history. First place finisher Lynna1 captured the top prize, netting her $20,000 and an almost 2,000% return on investment after only a $10+$1 buy-in.
Surpassing yet another landmark, PokerStars recorded its 10 millionth customer. In just one year, PokerStars has doubled its community of players from 5 million to 10 million. Proving that poker has become a truly worldwide phenomenon, PokerStars is attracting players from nearly every country on the planet…”
PokerStars (08/08/07)
Categories: Online · PokerStars · Press Release · Tournament
PokerStars Launches Asia Pacific Poker Tour (Asia)
July 10, 2007 · 1 Comment
“Online poker room, PokerStars, announced today the launch of the first land-based Asia Pacific poker tour, aptly named the PokerStars Asia Pacific Poker Tour (APPT). The inaugural event will be at the five-star Hyatt Hotel and Casino Manila in the Philippines, August 23-26.
“One of the most exciting aspects of being a poker player is the incredible travel opportunities it offers,” said Sarne Lightman, co-founder of the PokerStars APPT. “Every year PokerStars sends thousands of poker players to compete in events across Europe, the U.S. and the Caribbean. The launch of the PokerStars APPT brings a whole new dimension to poker in Asia and marks poker’s emergence into a truly global sport.”
PokerSource Online (06/29/07)
Online: WPT Enterprises Launches Real Money Gaming Website, WorldPokerTour.com (UK)
July 5, 2007 · Leave a Comment
“WPT Enterprises, Inc. announced today the official launch of its new online real money and “play for fun” gaming site, WorldPokerTour.com. WPT executives are in London to celebrate the launch and invite players from around the globe to register and receive the $1500 “You Play, We Pay” bonus program, one of the industry’s largest bonuses ever offered.
Five years ago televised poker sparked the global poker boom and skyrocketed the online gaming business into a multi-billion dollar-per-year industry, yet gaming laws prompted WPTE to tailor its rules accordingly and not accept US bets. In April, WPT moved its online global gaming platform to develop a new site with leading software developer, CryptoLogic, whose shared network offers a constant, substantial player liquidity.”
WPT Enterprises (07/05/07)
Legal: Quebec lacking poker strategy: Lazarus (Canada)
June 14, 2007 · Leave a Comment
“Although operating an online casino is technically illegal in Canada, online poker websites are able to avoid governmental regulation by operating out of Caribbean countries, such as Antigua.
It is not illegal, however, for a Canadian to venture online and bet on poker, with many of these foreign operators vying to tap into a growing market. According to PokerPulse.com, a Vancouver-based company that tracks the online poker industry, there were 1.7 million online poker players in January 2005.
The explosion of poker as a game will force governments to loosen regulations when it comes to online poker sites, Lazarus said.
“From a general consensus, the increasing popularity of poker — the game of poker has become such a popular game throughout the United States and Canada, driven by television — that it’s only going to get bigger and larger and become so much a part of the culture and landscape of both Canada and the United States that governments are going to have to find a way to carve out poker as a game that can be played in a legal setting without having to fear of having some sort of reprisal or prosecution by the regulatory authorities.”
Legal: United Kingdom In The Process Of Legalizing Online Gambling
June 11, 2007 · Leave a Comment
“The United Kingdom’s Gambling Commission is overseeing implementation of the UK Gambling Act of 2005, which will make online gambling completely legal in the UK by September 2007. By this time, online gambling companies will be allowed to relocate in the U.K. and lawfully offer Internet gambling to the world. The UK wants to win international converts for its approach of allowing online casino and poker sites, subject to legal controls, rather than banishing them offshore.
Summits are being held to discuss ways to protect the public through age verification systems, the role of government in online gambling, and the societal implications of online gambling in addition to the regulation and taxation of the online gambling industry. Also, the summits seek to secure international standards for the regulation of online, interactive TV and mobile phone gambling and also to secure international support for agreed standards of regulation. Online gambling companies will gain respectability and enhanced reputations if they register in the UK.”
iBLS Internet Law
News: Yahoo! ready to rumble (UK)
May 9, 2007 · Leave a Comment
“Here comes an Internet giant.
Yahoo! UK & Ireland launched its first attempt at real-money poker, coupling the power of 20.7 million unique visitors per month with a trusted brand to attract customers in countries friendly to online gambling.
Party Poker CEO Mitch Garber said a few years ago, the real competition starts when the Internet giants enter the market.
And Yahoo! is ready for the fight to begin…”
Casino City Times (05/02/07)
