DOCSLIB.ORG

Ahead of Legalized Online Poker, Casino and Social Networking Giants Are Cozying up to Offshore Firms with a Past Wild Cards by Joseph Menn

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Ahead of Legalized Online Poker, Casino and Social Networking Giants Are Cozying up to Offshore Firms with a Past Wild Cards by Joseph Menn ONLINE GAMBLING Ahead of legalized online poker, casino and social networking giants are cozying up to offshore firms with a past Wild cards BY JOSEPH MENN SPECIAL REPORT 1 ONLINE GAMBLING WILD CARDS SaN FraNCISCO, MAY 14, 2012 chusetts, Delaware and other states debate similar moves. o prime itself for the U.S. debut Many of the cash-starved states, encour- of legal online poker, MGM Re- aged by intensive industry lobbying, have felt Tsorts International, owner of such freer to act since December, when the Justice Las Vegas Strip monuments as the MGM Department declared that one federal anti Grand, the Bellagio and the Mirage, want- gambling law, the Wire Act, would no lon- ed a partner that knew the ropes. ger be enforced beyond sports betting. So last October it hooked up with Bwin. But casino operators, Indian tribes and Party Digital Entertainment Plc, a Lon- Internet powers bent on offering online don-listed, Gibraltar-based specialist that poker lack experience delivering it. Online rakes in more from Web betting than any poker is a business that involves processing other publicly traded company. MGM Re- billions of dollars worth of bets and battling sorts took 25 percent of a new venture 65 the fraudsters, cheats and robot-player soft- percent owned by Bwin.Party, with smaller ware that can ruin the games. Hence the Las Vegas casino operator Boyd Gaming casinos are cozying up to some tech-savvy getting the remaining 10 percent. offshore partners whose pedigrees might “We’ll be out of the gate as soon as SAFE BET? MGM Resorts CEO Jim Murren says give regulators pause. anybody,” MGM Resorts Chief Execu- his company’s online poker tie-up with Bwin. Most states have “suitability” rules de- tive Officer Jim Murren boasted to inves- Party, backed by onetime phone-sex and porn signed to keep crooks out of the gambling tors in February. entrepreneur Ruth Parasol, gives it a competitive industry. Nevada requires that successful Online-gambling expertise isn’t the only edge. REUTERS/ BOBBY YIP license applicants and their large share- thing that distinguishes Bwin.Party. In 2009, holders possess “good character, honesty an earlier incarnation of the company paid and integrity.” Nevertheless, the big casino $105 million while admitting to U.S. pros- A group of Native American tribes in operators and their offshore partners are ecutors it had run an illegal gambling opera- California has signed up to use software betting that regulators will look favorably tion and engaged in bank and wire fraud. from another Israeli company, run by a man on their license applications for two good Among its principal backers: a Califor- who served prison time for stock manipu- reasons: tax money and high-tech jobs. nia-born woman who made a fortune in lation and bribery. Another tribe last week Early indications are that they are right. phone sex and Web pornography business- announced a deal with Bwin.Party. At a hearing on a Caesars deal with the es that, like the pioneering online-gam- Zynga, eager to convert some of its tens Israeli company last year, Mark Lipparelli, bling company that became Bwin.Party, of millions of virtual poker enthusiasts chairman of Nevada’s Gaming Control faced multiple allegations of wrongdoing. into cash gamblers, also has been in talks Board, said: “I don’t think as we look at MGM Resorts’ choice of Bwin.Party as with Bwin.Party and others that have had companies that we can have perfection as a partner while applying for online poker brushes with the law, according to people the standard, because I think that would be licenses in Nevada might seem unusual. familiar with the matter. a disservice to the state in attracting busi- It isn’t. The alliance reflects the calculated Meanwhile, offshore gambling outfit ness here.” The board unanimously recom- risks that major casino operators, Native PokerStars is considering buying its chief mended approval of the venture. American tribes and social-gaming giants offshore rival, Full Tilt, and making a run Gambling foes warn that states are put- Zynga and Facebook are weighing as they at the U.S. market even though founders of ting fiscal worries ahead of public safety, angle for a slice of a market valued at bil- both were indicted by the Justice Depart- exposing a huge and vulnerable population lions of dollars a year. ment last year on charges of illegal gambling, to the potential for compulsive betting. “The Caesars Entertainment Corp is prep- bank fraud and money laundering, accord- governments are so desperate for revenues ping for online poker by tying up with an ing to people familiar with the situation. that they will partner with these lawbreaking Israeli company that in 2007 acknowledged All this comes as Nevada prepares to li- outfits,” said Les Bernal, executive director settlement talks with the U.S. Justice De- cense the first online poker operators and of the nonprofit Stop Predatory Gambling partment over alleged breaches of anti- software suppliers late next month – and Foundation in Washington, D.C. “They will gambling laws. as California, New Jersey, Iowa, Massa- create addiction in order to feed off of it.” SPECIAL REPORT 2 ONLINE GAMBLING WILD CARDS PORN AND CARDS Jim Ryan, co-chief executive officer of Bwin.Party, acknowledged in an interview that when the company was looking for U.S. partners, his company’s history was a chief concern of MGM Resorts and other U.S. companies. “Suitability is the very first question on all of their minds,” he told Reuters during a recent business trip to San Francisco. It’s easy to see why. Bwin.Party grew out of PartyGaming, a brainchild of San Francisco-area native Ruth Parasol, who has a history as color- ful as Las Vegas. After earning a law de- gree, Parasol first prospered in the 1990s through 1-900 phone-sex and other ser- vices that were sued by multiple states for aggressive billing and collection practices. MATCHMAKING: Bwin.Party co-CEO Jim Ryan says “suitability” is a chief concern among potential In North Carolina’s suit, the judge ordered partners of the London-listed online-gambling company. REUTERS/ BECK DIEFENBACH a company she co-founded to pay $270,000 in damages. Then Parasol put her money behind In- for most of the past decade, declined re- for about $400 million of global annual on- ternet Entertainment Group, which gained quests for an interview. line poker revenue of nearly $5 billion, or notoriety for releasing an early Pamela An- In 2005, PartyGaming’s IPO became 8 percent. Depending on how many states derson sex video and promising an initial the largest London had seen in four years, ultimately legalize online cards, that share public offering that never happened. Em- valuing the company at more than $8 bil- could rise to as high as 28 percent in five ployees accused the company of routinely lion. Just then, debate over the U.S. legal years, the company says. overbilling customers, and Chief Executive status of online gambling flared. PartyGaming’s problems didn’t end Seth Warshavsky fled to Thailand as au- The Justice Department had long argued when it left the United States. In 2008, co- thorities investigated. Warshavsky didn’t that Internet poker violated the Wire Act founder Anurag Dikshit pleaded guilty to respond to an interview request. and other federal and state laws. Despite gambling via the wires in federal district Parasol managed to emerge unscathed, the success of PartyGaming and other off- court in New York. He forfeited $300 mil- and in 1997 founded Starluck Casino in the shore companies, no U.S.-based companies lion and agreed to cooperate with prosecu- Caribbean, providing online gambling to cus- offered alternatives for fear of prosecution. tors, leading PartyGaming itself to settle tomers in the U.S. and elsewhere. Renamed In 2006, Congress clarified the matter in 2009. The company paid $105 million PartyGaming, the company had a big hit by passing the Unlawful Internet Gambling to avoid prosecution for pre-UIGEA vio- with its PartyPoker website, which became Enforcement Act, or UIGEA, explicitly lations. Dikshit couldn’t be reached. His the dominant force in U.S. online cards. barring processing interstate or international lawyer didn’t return calls seeking comment. Parasol, who has been living in Gibraltar poker transactions where state laws forbade In 2010, prosecutor Arlo Devlin-Brown such gambling. PartyGaming responded by told the court that the probe was continu- In the 1990s, Parasol put her money pulling out of the U.S., leaving two-thirds of ing and referred to documents under seal. behind Internet Entertainment its players behind to be claimed by privately He recently told Reuters he could not com- Group, which gained notoriety held offshore companies. ment further, leaving open the possibility for releasing an early Pamela The law didn’t snuff out online poker in that Parasol could be charged if she returns Anderson sex video and promising the U.S. as players migrated to other off- home to the United States. shore providers. Research firm H2 Gam- PartyGaming’s fortunes recovered as an IPO that never came. bling Capital estimates the U.S. accounts it began to focus on non-U.S. customers. SPECIAL REPORT 3 ONLINE GAMBLING WILD CARDS Last year it bought rival Bwin Interactive to offer Internet poker software and services. gambling website was among the top 10 of Austria and changed the merged compa- Co-CEO Ryan said the joint venture will buyers of banner ads aimed at U.S. home ny’s name to Bwin.Party, with annual rev- handle all U.S.
Load more

Recommended publications
  • How We Learned to Cheat in Online Poker: a Study in Software Security
    How we Learned to Cheat in Online Poker: A Study in Software Security Brad Arkin, Frank Hill, Scott Marks, Matt Schmid, Thomas John Walls, and Gary McGraw Reliable Software Technologies Software Security Group Poker is card game that many people around the world enjoy. Poker is played at kitchen tables, in casinos and cardrooms, and, recently, on the Web. A few of us here at Reliable Software Technologies (http://www.rstcorp.com) play poker. Since many of us spend a good amount of time on-line, it was only a matter of time before some of us put the two interests together. This is the story of how our interests in online poker and software security mixed to create a spectacular security exploit. The PlanetPoker Internet cardroom (http://www.planetpoker.com) offers real-time Texas Hold'em games against other people on the Web for real money. Being software professionals who help companies deliver secure, reliable, and robust software, we were curious about the software behind the online game. How did it work? Was it fair? An examination of the FAQs at PlanetPoker, including the shuffling algorithm (which was ironically published to help demonstrate the game's integrity), was enough to start our analysis wheels rolling. As soon as we saw the shuffling algorithm, we began to suspect there might be a problem. A little investigation proved this intuition correct. The Game In Texas Hold'em, each player is dealt two cards (called the pocket cards). The initial deal is followed by a round of betting. After the first round of betting, all remaining cards are dealt face up and are shared by all players.
    [Show full text]
  • Testimony Opposing House Bill 1389 Mark Jorritsma, Executive Director Family Policy Alliance of North Dakota March 15, 2021
    Testimony Opposing House Bill 1389 Mark Jorritsma, Executive Director Family Policy Alliance of North Dakota March 15, 2021 Good morning Madam Chair Bell and honorable members of the Senate Finance and Taxation Committee. My name is Mark Jorritsma and I am the Executive Director of Family Policy Alliance of North Dakota. We respectfully request that you render a “DO NOT PASS” on House Bill 1389. Online poker is not gambling. This bill says so itself, and more importantly, in August of 2012, a federal judge in New York ruled in US v. Dicristina that internet poker was not gambling.1 So that is settled. But is it really? While online poker does not appear to meet the legal definition of gambling, consider these facts. • In the same ruling referenced above, Judge Weinstein acknowledged that state courts that have ruled on the issue are divided as to whether poker constitutes a game of skill, a game of chance, or a mixture of the two.2 • Online poker, which allows players to play multiple tables at once, resulting in almost constant action, is a fertile ground for developing addiction. Some sites allow a player to open as many as eight tables at a time, and the speed of play is three times as fast as live poker.3 • …online poker has a rather addictive nature that often affects younger generations. College age students are especially apt to developing online poker addictions.4 • Deposit options will vary depending on the state, but the most popular method is to play poker for money with credit card.
    [Show full text]
  • Ronaldo, Legenda Brazylijskiego Futbolu, W Barcelonie Na Największym Hiszpańskim Festiwalu Pokerowym
    RONALDO, LEGENDA BRAZYLIJSKIEGO FUTBOLU, W BARCELONIE NA NAJWIĘKSZYM HISZPAŃSKIM FESTIWALU POKEROWYM BARCELONA, Hiszpania – 9 września 2013 – Legenda brazylijskiej piłki nożnej, Ronaldo Nazario, odwiedził w tym tygodniu Barcelonę, aby wziąć udział w specjalnym turnieju w ramach największego corocznego festiwalu pokerowego w Hiszpanii, European Poker Tour (EPT). Ronaldo, który od niedawna występuje jako ambasador marki internetowego serwisu PokerStars, zasiadł do gry Texas Hold'em z Jose Luisem Saezem z Madrytu i Manuelem Correasem z Kordoby, zwycięzcami turnieju online na PokerStars, który umożliwił im zmierzenie się z legendą futbolu. W rywalizacji wzięli też udział członkowie Teamu PokerStars Pro: Vanessa Selbst, Leo Margets, Andre Akkari, Bertrand „ElkY” Grospellier i Jonathan Duhamel. Ostatecznie, po godzinie gry, zwyciężczynią okazała się Selbst. Człowiek znany powszechnie jako „Ronaldo” jest uważany za jednego z najlepszych piłkarzy wszech czasów. W ciągu 19-letniej kariery zawodowej zdobył imponującą liczbę tytułów. Teraz dołączył do grupy gwiazd sportu, które ostatnio podjęły się gry w pokera, takich jak hiszpańska gwiazda tenisa Rafael Nadal, holenderska hokeistka olimpijska Fatima Moreira de Melo czy zdobywca złotego medalu podczas igrzysk olimpijskich, szwedzki narciarz Marcus Hellner. W rozgrywkach pokerowych znajdują oni tak samo ambitnych przeciwników i podobne wyzwania jak w wybranych dyscyplinach sportowych. „Zawsze staram się dać z siebie wszystko, zarówno w piłce, jak i w życiu. Poker to dla mnie kolejne, ekscytujące wyzwanie”, powiedział Ronaldo. „Widzę liczne podobieństwa pomiędzy piłką nożną i pokerem – obie dziedziny wymagają ogromnej samodyscypliny, ćwiczeń i treningów.“ Blisko 3000 graczy z całego świata zjechało się do Barcelony, aby wziąć udział w 13- dniowym festiwalu pokerowym i zagrać o ponad €14.000.000. Kilka dni wcześniej Turniej Główny Estrellas przyciągnął rekordową liczbę 1798 uczestników, przez co został największym dotychczasowym hiszpańskim turniejem i największym turniejem z wpisowym €1000 rozegranym poza Las Vegas.
    [Show full text]
  • The Role of Skill Versus Luck in Poker: Evidence from the World Series of Poker
    NBER WORKING PAPER SERIES THE ROLE OF SKILL VERSUS LUCK IN POKER: EVIDENCE FROM THE WORLD SERIES OF POKER Steven D. Levitt Thomas J. Miles Working Paper 17023 http://www.nber.org/papers/w17023 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 May 2011 We would like to thank Carter Mundell for truly outstanding research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2011 by Steven D. Levitt and Thomas J. Miles. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. The Role of Skill Versus Luck in Poker: Evidence from the World Series of Poker Steven D. Levitt and Thomas J. Miles NBER Working Paper No. 17023 May 2011 JEL No. K23,K42 ABSTRACT In determining the legality of online poker – a multibillion dollar industry – courts have relied heavily on the issue of whether or not poker is a game of skill. Using newly available data, we analyze that question by examining the performance in the 2010 World Series of Poker of a group of poker players identified as being highly skilled prior to the start of the events. Those players identified a priori as being highly skilled achieved an average return on investment of over 30 percent, compared to a -15 percent for all other players.
    [Show full text]
  • Fanduel Group Mobile Sportsbook Launches in Virginia and Michigan
    FanDuel Group Mobile Sportsbook Launches in Virginia and Michigan Virginia Lottery Decision Makes FanDuel First and Only Provider Live In Commonwealth London – January 25, 2021 – FanDuel Group, part of Flutter Entertainment plc, and the Washington Football Team announced the first-ever market access partnership between a National Football League team and an online sports gaming platform in the U.S. Under the terms of this agreement, FanDuel and the Washington Football Team launched legal sports betting on Thursday in the Commonwealth of Virginia. The partnership combines FanDuel Group’s market-leading sports betting platform with the Washington Football Team’s strong presence in Virginia as it serves as the home for the INOVA Sports Performance Center, Richmond Training Camp, and the team headquarters. Under Virginia’s sports wagering law, the Washington Football Team was given preference for a mobile sports betting permit based on it meeting certain criteria for sports franchises headquartered in Virginia, and the option to partner with an established sports wagering operator to run the business. The Washington Football Team has chosen the FanDuel Sportsbook as its operational partner to jointly hold the permit. Commenting on the news, Matt King, Chief Executive Officer of FanDuel Group, said: “We are excited to bring America’s #1 Sportsbook to residents and visitors to the Commonwealth of Virginia. We’re honoured to partner with an iconic sports franchise and we plan to deliver the most fan-focused and secure mobile sports betting experience to the passionate sports fans of Virginia.” In addition, FanDuel becomes the official daily fantasy sports partner of the Washington Football Team and will also have prominent stadium signage at Fedex Field and offer customers unique game day experiences like a special FanDuel section on game days.
    [Show full text]
  • History of Texas Holdem Poker
    GAMBLING History of Texas Holdem Poker ever in the history of poker has it been as popular as nowadays. The most played poker game is definitely exasT Hold em. All Nover the world people are playing Texas Hold em games and there seems to be no end to the popularity of the game. Espe- cially playing Texas Hold em for free on the Internet has became extremely popular in the last years. Who actually invented this great poker game? This was a game, played in the 15th century, that was played with the card deck as we know it Where did it originally come from? And how today. It was a card game that included bluffing and betting. did free Texas Hold em games end up on the internet? To answer these questions it is The French colonials brought this game to Canada and then to the United States in the early important to trace back the history of poker, to 17th century, but the game didn’t became a hit until the beginning of the 18th century in New find out where it all began. Orleans. HISTORY OF POKER THEORIES During the American Civil War, soldiers played the game Pogue often to pass the time, all over the country. Different versions evolved from this firstPogue game and they were called ‘‘Stud’’ There are many different theories about how and ‘‘Draw’’. The official name for the game turned into ‘‘Poker’’ in 1834 by a gambler named poker came into this world and there seems to Jonathan H. Green. be no real proof of a forerunner of the game.
    [Show full text]
  • Bwin.Party Digital Entertainment Annual Report & Accounts 2012
    Annual report &accounts 2012 focused innovation Contents 02 Overview 68 Governance 02 Chairman’s statement 72 Audit Committee report 04 A year in transition 74 Ethics Committee report 05 Our business verticals 74 Integration Committee report 06 Investment case 75 Nominations Committee report 10 Our business model 76 Directors’ Remuneration report 12 CEO’s review 90 Other governance and statutory disclosures 20 Strategy 92 2013 Annual General Meeting 28 Focus on our technology 94 Statement of Directors’ responsibilities 30 Focus on social gaming 32 Focus on PartyPoker 95 Financial statements 95 Independent Auditors’ report 34 Review of 2012 96 Consolidated statement of 44 Markets and risks comprehensive income 97 Consolidated statement 46 Sports betting of fi nancial position 48 Casino & games 98 Consolidated statement of changes 50 Poker in equity 52 Bingo 99 Consolidated statement of cashfl ows 54 Social gaming 100 Notes to the consolidated 56 Key risks fi nancial statements 58 Responsibility & relationships 139 Company statement of fi nancial position 58 Focus on responsibility 140 Company statement of changes in equity 60 Customers and responsible gaming 141 Company statement of cashfl ows 62 Environment and community 142 Share information 63 Employees, suppliers and shareholders 146 Notice of 2013 Annual General Meeting 66 Board of Directors 150 Glossary Sahin Gorur Bingo Community Relations See our online report at www.bwinparty.com Overview Strategy Review Markets Responsibility & Board of Governance Financial Share Notice of Annual Glossary 01 of 2012 and risks relationships Directors statements information General Meeting Introduction 02 Chairman’s statement real progress We made signifi cant progress in 2012 and remain Our attentions are now turning to the on course to deliver all of the Merger synergies as next step in our evolution, one centred on innovation that will be triggered by Annual report & accounts 2012 originally planned.
    [Show full text]
  • Aria Casino Poker Gentleman's Guide
    TABLE OF CONTENTS Etiquette Understanding DO’S & DON’TS TELLS Page 4 Page 5 Poker VARIANTS Terminology PLAYER TERMS Page 9 HAND TERMS ADVANCED TERMS Page 13 Facts AND INFO Page 19 Playing CERTAIN CARDS Page 21 Etiquette DO’S & DON’TS Do’s Don’ts Always accurately represent your Stall or Delay the game - pay attention action and never slow roll when it’s your turn Know verbal declarations are binding Don’t ask another player to see their cards after they muck Play at your comfort level - don’t play at a Don’t reveal your cards to other player higher limit if you are not comfortable at the table Be polite and always keep your cool – Don’t String Bet or Splash the pot win or loss about the hand in action, Always state your bet clearly Don’t talk speculate about another player’s hand, provide a play-by-play or talk strategy Allow every player to play their own game Don’t assume anyone will help you - as long as it is within the house rules at the tables, it’s one person per hand 4 What is a TELL ? A tell is an unconscious action that is thought to betray an attempted deception 5 Some of THE MOST COMMON TELLS* Leaning forward or backward. Aggression or forceful betting is a Suddenly bolting upright can usually classic case of weak-means-strong, indicate a strong hand. strong-means-weak. Impatiently wanting to bet Holding breath or staying very still can can indicate a strong hand and those who often indicate a weak hand as the player is are bluffing usually tend to take extra time.
    [Show full text]
  • The Impact of the Structural Characteristics of Poker on Market Evolution and Competitive Dynamics in the Internet Poker Industry in Italy
    International Journal of Business and Management; Vol. 14, No. 10; 2019 ISSN 1833-3850 E-ISSN 1833-8119 Published by Canadian Center of Science and Education The Impact of the Structural Characteristics of Poker on Market Evolution and Competitive Dynamics in the Internet Poker Industry in Italy Paolo Calvosa1 1 Department of Economics, Management, Institutions (DEMI), University of Naples Federico II, Naples, Italy Correspondence: Paolo Calvosa, Department of Economics, Management, Institutions (DEMI), University of Naples Federico II, Campus Monte S. Angelo, Via Cinthia 26, 80126, Naples, Italy. E-mail: [email protected] Received: July 24, 2019 Accepted: August 30, 2019 Online Published: September 5, 2019 doi:10.5539/ijbm.v14n10p155 URL: https://doi.org/10.5539/ijbm.v14n10p155 Abstract The aim of this study is to analyze the impact that the specific nature and characteristics of the game of poker have had on the development of the Internet poker industry in Italy and on the competitive strategies of on line gambling operators. It facilitates the overall understanding of the different effects that the legalization of Internet gambling in Italy has had on the evolution of the poker industry, in respect to other gambling sectors. Based of existing literature, the study has shown that two distinctive features define the game of Internet poker. The first is connected to the nature of games of skill that distinguishes poker; the second, instead, is linked to the fact that Internet poker is a ‘player-versus-player game’, i.e. it requires the simultaneous presence at gaming tables by multiple players. In order to analyze the market dynamics of the Internet poker industry, from a methodological viewpoint the study is supported by an empirical investigation that concerned all the ‘on line poker rooms’ in Italy that were remote gambling licenses or sub-licensees in 2018.
    [Show full text]
  • Bwin.Party Scheme Document
    THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THIS DOCUMENT RELATES TO A PROPOSED ACQUISITION WHICH, IF IMPLEMENTED, WILL RESULT IN THE CANCELLATION OF THE LISTING OF BWIN.PARTY’S SHARES ON THE OFFICIAL LIST AND OF TRADING OF BWIN.PARTY’S SHARES ON THE LONDON STOCK EXCHANGE’S MAIN MARKET FOR LISTED SECURITIES. PART II OF THIS DOCUMENT COMPRISES AN EXPLANATORY STATEMENT IN COMPLIANCE WITH SECTION 297 OF THE GIBRALTAR COMPANIES ACT 2014. If you are in any doubt as to the action you should take, you are recommended to consult and seek your own independent financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriate independent financial adviser who, if you are taking advice in the United Kingdom, is authorised pursuant to the Financial Services and Markets Act 2000, as amended, or, if you are in a territory outside the United Kingdom, is an appropriately authorised independent financial adviser. If you sell, have sold or otherwise transferred all of your bwin.party Shares (or any interests therein), please send this document and the accompanying documents (other than documents or forms personalised to you) as soon as possible to the purchaser or transferee, or to the bank, stockbroker or other agent through whom the sale or transfer was effected for onward delivery to the purchaser or transferee. If you have sold or otherwise transferred part of your holding of bwin.party Shares (or any interests therein) please consult the bank, stockbroker or other agent through whom the sale or transfer was effected. Applications have been made by GVC to the FCA for the Existing GVC Shares and the New GVC Shares to be issued pursuant to the Offer to be admitted to the standard listing segment of the Official List and to the London Stock Exchange for the Existing GVC Shares and the New GVC Shares to be admitted to trading on the Main Market.
    [Show full text]
  • Omaha Indicator User Manual
    User Manual -Omaha Indicator Thank you for using Omaha Indicator. If you can't find a satisfactory answer from this manual, feel free to contact us at [email protected] at any time. We'll get back to you as soon as possible. Make sure you check your spam folder as well. You can also check our FAQ's page at http://www.omahaindicator.com/faq.php Good luck at the tables! http://www.OmahaIndicator.com 1/36 Table of Contents 1. Getting Started with Omaha Indicator.................................................................................................4 1.1 Installation............................................................................................................................................4 1.2 Free trial................................................................................................................................................4 1.3 Run Omaha Indicator............................................................................................................................4 1.4 Software Upgrade.................................................................................................................................4 1.5 License Code..........................................................................................................................................5 2. Settings Required for Your Poker Sites.................................................................................................6 2.1 Poker Sites Supported...........................................................................................................................6
    [Show full text]
  • Confirmation of Transaction Timetable
    THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT SUBSCRIBE FOR ANY GVC SHARES IN CONNECTION WITH THE OFFER EXCEPT ON THE BASIS OF INFORMATION IN THE PROSPECTUS AND THE SCHEME DOCUMENT WHICH WERE PUBLISHED ON 13 NOVEMBER 2015. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY RESTRICTED JURISDICTION OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. 14 January 2016 Recommended offer for bwin.party digital entertainment plc (‘bwin.party’ or the ‘Company’) by GVC Holdings PLC (‘GVC’) Confirmation of Transaction Timetable Pursuant to the recommended offer (the ‘Offer’) made by GVC to acquire the entire issued and to be issued ordinary share capital of the Company and in accordance with the expected timetable set out on pages 9 and 10 of the scheme document dated 13 November 2015 (the ‘Scheme Document’), bwin.party is pleased to confirm the following key dates: 1.00 p.m. on 28 January 2016: the last time to make a Mix and Match Election; and 10.00 a.m. on 29 January 2016: the Scheme Court Hearing to sanction the Scheme. Scheme Court Hearing The Scheme Court Hearing is a public hearing, which is scheduled to be heard at 10 a.m. on 29 January 2016 at 277 Main Street, Gibraltar GX11 1AA. The Scheme Effective Date is anticipated to be 1 February 2016. Mix and Match Election The Election Return Time (being the last time to make a Mix and Match Election) is 1.00 pm on 28 January 2016.
    [Show full text]