Marvel Slots website PartyCasino
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And Aristocrat Leisure: Gaming And Casino War, by
Greg Tingle - 19th January 2011
Yankies, Aussies, punters, casino and gambling millionaires,
billionaires, legal eagles, politicians - one and
all. The Australian VS American casino wars escalate
once again. While many details of America's IGT (International
Gaming Technology) VS Australia's Aristocrat Leisure
legal situation remain sketchy, both companies remain
in the spotlight, domestically and internationally,
and remarkably Aristocrat's shares have continued
to climb in the past few days. 'The Crat' is also
gearing up for a massive national and international
gaming expo itinerary, that should see them power
ahead, if they can hold off potentially very expensive
legal proceedings. Media
Man and Gambling911 continue to apply the probe
to Aristocrat and IGT, with just a dash of Party and
WMS for good measure...
will likely be family with both companies. IGT is
widely considered the original and the best, and in
recent years has expanded their online gaming arm
known WagerWorks. Many of the world's leading online
casinos such as PartyGaming's PartyCasino
and Richard Branson's Virgin
Casino carry the WagerWorks online games. Some
of the most popular titles include Cleopatra, Monopoly,
Wheel Of Fortune, Double Diamond, Elvis, Battle Ship
and Da Vinci Diamonds, with Cleo holding the world's
most popular online and offline slot of all time.
gambling and gaming industry is known for its copy
cats, trademark infringements and massive law suits,
with "legal eagles" know to be very fond
of the sector and its substantial payout jackpots!
lawsuit situation between IGT and Aristocrat follows
a long line of legal actions in gambling including
PartyGaming VS WMS, Marvel Entertainment VS Cryptologic,
Michael Jackson Estate VS "Michael Jackson Casino",
Majestic Star Casino LLC VS "Majestic Star Casino"
(online) and Vegas Pinnacle Entertainment VS Eskay
SEO ("Belterra Casino Indiana")
Greg Tingle offered the following "The latest
lawsuit from IGT against Australia's Aristocrat Leisure
is not a surprise in my opinion. It's been a long
time coming, with both parties being able to come
to a mutually beneficial settlement to date. IGT is
largely considered the world's most successful gaming
machine manufacture, and some would say the original
and best, of the modern era. Australia's Aristocrat
has come under some substantial financial pressure
in recent years, and this lawsuit action may very
well add to this. The land based and online gambling
community, legal and government sectors will be watching
this one closely. My money is on IGT to win, but stranger
things have happened. May the best brand win."
VEGAS, Nov. 15, 2010
Game Technology (NYSE: IGT) today announced the filing
of a patent infringement lawsuit against Aristocrat
Leisure Limited of Australia and its U.S. Affiliate
Aristocrat Technologies, Inc., (collectively "Aristocrat")
in connection with the sale and distribution of Aristocrat's
gaming devices, including particularly Aristocrat's
Viridian WS slot machines. The lawsuit comes after
failed attempts to resolve the IP disputes between
Aristocrat and IGT.
lawsuit was filed in the U.S. District Court for the
Central District of California. In the suit, IGT asserts
that Aristocrat has willfully infringed and continues
to infringe two patents directed to fundamental capabilities
for authentication of gaming software:
Patent 6,620,047 entitled "Electronic Gaming
Apparatus Having Authentication Data Sets"; and
U.S. Patent No. RE 39,370 entitled "Electronic
Casino Gaming System with Improved Play Capacity,
Authentication and Security." "We filed
this case because IGT's intellectual property is being
knowingly and unfairly exploited by Aristocrat,"
said Robert C. Melendres, Chief Legal Officer and
Corporate Secretary at IGT. "IGT is the world's
leading innovator and creator of intellectual property
in the gaming industry."
Game Technology (NYSE: IGT) is a global leader in
the design, development, and manufacture of gaming
machines and systems products, as well as online and
mobile gaming solutions for regulated markets. SOURCE
Prices: IGT VS Aristocrat (19th January 2011)...
NYSE: IGT $18.75 USD -0.05 (-0.27%)
Leisure: 3.040: ASX (Australia Securities Exchange)
NYSE: $46.45; Change is 0.71 (1.51%)
Australian Gaming Shares Pick Of The Bunch: Aristocrat
Leisure! (Hell Freezes Over)...
best performing stock in the S&P/ASX200 was Aristocrat
Leisure shares advanced 3.33% to close at $3.10.
Aristocrat Technologies Australia To Hit National
And International Trade Show Circuit Big Time This
Year; Positive Exposure May Boost Sales And Positive
Show - Date - Venue...
25 Jan 11 - 27 Jan 11 Earls Court, London, UK
Club Managers Association Australia (CMAA) Trade Show
28 Feb 11 - 02 Mar 11 Sydney, NSW, Australia
Hospitality & Gaming Australiasia (HGA) show 16
Mar 11 - 17 Mar 11 Gold Coast, QLD, Australia
National Indian Gaming Association (NIGA) 03 Apr 11
- 06 Apr 11 San Diego, CA, USA
Southern Gaming Summit 04 May 11 - 05 May 11 Biloxi,
Great Plains Indian Gaming Show 16 May 11 - 18 May
11 Mystic Lake, Minnesota
Gaming Technology Summit 24 May 11 - 25 May 11 Henderson,
NV, Las Vegas
G2E Asia 07 Jun 11 - 09 Jun 11 The Venetian, Macau
SAGSE Panama City 22 Jun 11 - 23 Jun 11 Panama
Australasian Gaming Expo (AGE) 21 Aug 11 - 23 Aug
11 Sydney, NSW, Australia
Oasis Summit 07 Sep 11 - 09 Sep 11 Las Vegas, Nevada
Global Gaming Expo (G2E) 04 Oct 11 - 06 Oct 11 Las
Vegas, NV, USA
SAGSE - Buenos Aires 09 Nov 11 - 11 Nov 11 Buenos
TribalNet11 Conference 14 Nov 11 - 17 Nov 11 NV, USA
IGT Current News...
to Showcase Future of Gaming at International Casino
Exhibition (ICE) 2011 in London...
Game Technology (NYSE: IGT), a global leader in creating
the major games that players love and the casino network
systems that improve the player experience, will display
the latest groundbreaking casino games and network
systems products, as well as innovative mobile and
online offerings, at stand 3430 at the International
Casino Exhibition (ICE) on Jan. 25-27, 2011. This
year IGT will show how "It's a Whole New Game"
by displaying a wide range of games for the casino
floor and the interactive world at London's Earls
Court Exhibition Centre.
ICE 2011, we are excited to show ICE attendees what
makes IGT a world leader in gaming," said Craig
Churchill, IGT's senior vice president of International
Sales. "From the latest in slot floor technology
to cutting-edge mobile and online products, IGT is
dedicated to providing our international customers
with the very best products and end-to-end networked
gaming solutions to help them meet their operating
objectives and deliver unparalleled player experiences."
is known for delivering the most recognizable names
in popular culture to the casino floor, and this year,
the Company will display some of its biggest names
yet. From an amazing Premium Products lineup, also
known as MegaJackpots(R), to the new Core Player Affinity
Suite, the big titles at ICE will confirm IGT's dedication
to bringing thrilling moments to players.
Wars(TM) Droid(TM) Huntis set to become the most popular
Star Wars casino game ever released. A well-researched
understanding of what game elements excite players
and a highly creative visual experience combine to
deliver lively gaming action. The game comes complete
with four galactic bonus rounds and a Premium Products
new Dirty Dancing(R) Slot features the iconic characters
Baby and Johnny (played by Patrick Swayze and Jennifer
Grey) in a game infused with nostalgia, famous songs
and video clips. This Premium Products game includes
a new Spin Magic feature that turns minor symbol outcomes
ICE 2011, IGT will be the center of attention with
the show-stopping Center Stage Series. Offering operators
the ability to refresh content with the latest high-impact
games, the Center Stage Series will be on display,
complete with incredible sound chairs, oversized screens,
big bonuses and the biggest game titles for the casino
on IGT's Center Stage lineup at ICE will be The Dark
Knight(TM), which will be featured on the platform's
103-inch screen. Players can choose to play Batman
or the Joker to immerse themselves in group and individual
bonuses while enjoying the thematic film experience.
Also joining the lineup will be American Idol(R) MultiPLAY
video slots. This game delivers entertainment that
is packed with action. The unique group play Audition
Bonus includes memorable video clips and songs from
is changing the game again as it shows ICE attendees
its award-winning game designs that bring skill to
the casino floor. The new Reel Edge(TM) series of
games was named Best Slot Product at the recent 8th
Annual Gaming and Technology Awards. For the first
time, spinning-reel players can stop the reels to
attempt to create wins and use an arcade-style joystick
to control the outcome of the 100 percent skill-based
bonuses in the top box. On display from the Reel Edge(TM)
series of games will be the vampire-inspired Blood
Life(TM) and Red, White & Blue Falling Stars(TM).
Core games continue to offer an unmatched library
of video and spinning-reel slots. And this year, the
new Player Affinity Suite brings strong, recognizable
brands to the casino floor that are sure to generate
player interest. Among the new titles on display will
be Ringling Bros. and Barnum & Bailey(TM) 5 Reel
Circus(TM) and The Greatest Show On Earth(TM) games.
Also joining IGT's Core games is the top-performing
favorite Siberian Storm(TM).
continues to lead the industry by providing the network
systems products that create the competitive edge
needed in today's constantly changing gaming industry.
Adding to the award-winning sbX(TM) Experience Management
system, IGT will show new Service Window applications
that provide players with customized gaming experiences
and operators with access to the extensive IGT game
will display the most innovative online and mobile
gaming products in the industry at ICE 2011. The recent
announcement of the formation of IGT's Interactive
Division shows the Company's ongoing dedication to
building on the strengths that IGT already enjoys
in the online and mobile gaming markets. With a combined
total of 18 years of experience in the online and
mobile industry, IGT's WagerWorks and Million-2-1
groups have been rebranded and merged into a single
global division. Since 2005, IGT has handled more
than $10 billion in online wagers, with more than
1.5 billion online transactions annually.
will also debut the new online game Star Trek(TM)at
ICE, featuring some of the most innovative bonus rounds
ever seen in an online slot game. IGT's online and
mobile offerings at ICE will also include the Company's
successful iPhone(R) and iPad(R) games, with popular
titles such as Cleopatra(R) and Kitty Glitter(R).
During the show, the free-to-play version of Cleopatra(R)
will be available for download from the iPhone(R)
app store at no cost.
Brings Server-Based Technology to the Cannery Casino
and Hotel in Las Vegas, Nev. (15th December 2010)...
Game Technology (NYSE: IGT), a global leader in creating
the major games that players love and the systems
that improve the player experience, has signed an
agreement with the Cannery Casino and Hotel in Las
Vegas, Nev., to install IGT's industry-leading server-based
game management solution. This agreement marks continued
momentum in the growing adoption of game-to-system
(G2S) server-based technology in the industry worldwide.
no doubt our server-based solutions continue to gain
momentum among operators," said Ron Rivera, IGT
senior vice president of North America sales. "We're
delighted that the Cannery has signed on as an IGT
customer. With the combined horsepower of the AVP(R)
machine and the industry's largest game library, the
Cannery now has a distinct competitive advantage in
using these tools to create a world-class player experience."
excited to share the benefits of server-based technology
with our players," said Xavier Walsh, COO of
Cannery Resorts. "This innovative technology
makes it easier than ever to adjust the floor to keep
up with the expectations of our players and to deliver
the games - and the experience - they're looking for
at the Cannery. It's another way to differentiate
ourselves from the competition."
Tier One package is a lease-based offering that combines
Floor Manager and IGT's AVP(R) machines, plus access
to IGT's game library of high-performing themes, giving
the Cannery the power to deploy their choice of more
than 300 compelling game themes to their floor in
a matter of seconds, based on market conditions. The
Tier One package is designed to provide a bank-level,
server-based game management solution on 40 machines,
with the potential for an eventual floorwide conversion.
regulatory approval of IGT's server-based management
system for this property, the Cannery will join the
growing roster of leading casino operators worldwide
who are optimizing their business using IGT's server-based
solution. More than 20 different casinos in eight
states and three countries have partnered with IGT
for the innovation and the technology that deliver
results to the bottom line.
Explains The Pokies Industry In Australia And New
machines, or the 'pokies', have been a respectable
Australian and New Zealand pastime for more than 50
years. Poker machines positively contribute to these
economies; they provide revenue which is poured back
into local communities, provide tens of thousands
of jobs locally and are responsibly enjoyed by many
people. In this heavily regulated industry, IGT ensures
strict cooperation and compliance with government
regulators across each jurisdiction it serves. The
regulation of Australia's and New Zealand's poker
machine industries is regarded as the toughest in
the world. All our machines operate subject to jurisdictional
legislation and regulation, in addition to the Australian/New
Zealand Gaming Machine National Standard, which was
developed by participants from all gaming regulators
in Australia and New Zealand.
Casino Games Found In Online Casinos...
of IGT's slot games are found in PartyGaming's PartyCasino
and Richard Branson's Virgin
Casino. PartyGaming's online casino brand can
be accessed by Canadians, Australian's and New Zealanders,
whereas Virgin Casino can not. Cleopatra, Wheel of
Fortune and Monopoly are understood to be consistently
the most popular online casino games found at Party.
See Media Man Int reviews and profiles for more information.
Man Int Casino Reviews
Industries Inc: A Snapshot (Of The Company Currently
Going Legal On PartyGaming)...
Industries Inc. was formed in 1974 and achieved great
success in the pinball, video arcade and home video
game markets. With a demonstrated track record as
a company that could "make great games",
video and software technology, and manufacturing facilities
all in place, WMS' foray into gaming was a natural
progression for the corporation. WMS Gaming Inc. started
out in the video lottery terminal (VLT) business in
1991. The company created, manufactured and placed
VLTs in jurisdictions throughout North America. Once
successfully established in the video lottery market,
WMS Gaming moved into the casino gaming business with
the introduction of a video poker game. A year later,
the Company unveiled a complete line of technically
advanced upright slot machines. In 1997, the company
premiered what would be, and still is, its most successful
video slot machine to date, Reel 'em In®. This
multi-coin, multi-line game offered tons of bells
and whistles for the slot player. In an effort to
produce an enhanced playing experience, WMS Gaming
installed full color high-resolution screens in its
games, created full color, detailed graphics, provided
an entertaining game theme with many betting options,
and increased the hit frequency. These features translated
to tremendous player acceptance, increased play and
therefore, increased earnings. Since 1998, WMS Industries
has been engaged entirely in the manufacture, sale,
leasing and licensing of gaming machines. WMS Industries
Inc. is traded on the New York Stock Exchange (symbol:
WMS). The Company's subsidiary is WMS Gaming Inc.
Aristocrat: A Snapshot...
over 50 years industry experience and over 2000 staff
globally, Aristocrat has built on its Australian market
leadership and reputation to become a premium supplier
of groundbreaking technologies and services to the
international gaming industry. Aristocrat enjoys a
well-earned reputation for outstanding performance
and strong brand equity in more than 200 jurisdictions
around the world. The diverse product line-up extends
from electronic gaming machines to complete gaming
solutions, including systems, services, electronic
tables, and ancillary equipment. Our vision is clear:
Aristocrat aims to become the leading provider of
gaming solutions. Imagination, focus and creativity
play major roles in achieving this vision. Aristocrat
is committed to working in partnership with industry,
governments and regulators and our core values of
integrity and respect for the individual and the communities
within which the company operates underpin relationships
with all stakeholders. Aristocrat offices are located
in Australia, the USA, New Zealand, the United Kingdom,
South Africa, Sweden, Argentina, Japan, and Macau.
Each staff member is focused on fulfilling the needs
of customers at all levels, while the global management
structure drives innovation in business areas. Aristocrats
core values of integrity and respect for the individual
and the communities within which the company operates,
underpin relationships with all stakeholders. Aristocrat
is committed to working in partnership with industry,
governments, and regulators to ensure it meets all
er, punters, how did you like our report? Who will
win the poker machine manufacturer wars? Tell us in
you have a bet, please bet with your head, not over
it, and for God's sake, have fun.
Man does not represent IGT, however do have b2b agreements
with other companies with IGT products and services
in their portfolio
Game Technology is a Reno, Nevada based maker of slot
machines and other gaming products. The company also
operates a facility in Las
Vegas and has branch offices around the United
States. Presently, IGT also has offices in the
Africa. For purposes of facilitating operations
America, IGT also maintains a presence in South
was founded by William S. Redd in 1975 as A-1 Supply.
The name was changed to SIRCOMA in 1979 and finally
International Game Technology in 1981.
On December 8, 2002, Terrible Herbst Gaming agreed
to buy IGT's Anchor Coin 1,100 machine slot routes.
On October 27, 2003, IGT acquired Acres Gaming, a
slot machine and gaming software development company.
August 25, 2005, IGT acquired WagerWorks, a San Francisco,
California based company that provides software for
online casinos. Wager Works has exclusive rights to
provide online versions of slot machine games like
of Fortune, I Dream of Jeannie and The
Price is Right.
On December 21, 2006, IGT completed its acquisition
of Venture Catalyst Incorporated, changing its name
to Mariposa Software Inc. and selling its gaming consulting
division to a group of its previous management. Mariposa
Software continues to operate as a wholly owned subsidiary
of IGT, enhancing IGT's positioning as a single-source
supplier, offering a complete package for all of a
casino's gaming & profit operations.
expansion in the Class III market has led IGT to New
New Jersey, Pennsylvania, Mississippi, Missouri, Oklahoma,
along with the cruise
ship industry. According to New Jersey and Pennsylvania
law, IGT cannot enter without a distributor; in accordance
to state law, AC Coin bought Class III IGT machines
and is now entering them into the New Jersey and Pennsylvania
market under the AC-Coin/IGT name. IGT had a similar
problem in the Oklahoma market when a new state compact
was introduced allowing Class III vendors to enter
Indian Oklahoma casinos (where before, only Class
II games were allowed; Class II typically being games
based on bingo and other community-style wagering
systems); in accordance to this compact, the casino
had to offer an electronic back-end system to monitor
the hard-meters within the game. IGT also offers the
IGT Advantage System, which is very expensive, thus
prompting smaller casinos (which are the majority
of Oklahoma's 95+ casinos are) to find independent
companies to monitor the meters.
On July 8, 2008 IGT completed their acquisition of
Cyberview Technology, a company with intellectual
property and experience in the field of server-based-gaming.
The acquisition of Cyberview Technology also brought
a contract to supply gaming machines to the UK's biggest
bookmaker, Ladbrokes, which will allow IGT to supply
their slot machine games to the UK market. Competitors
in the server-based gaming industry include distributors
such as Betstone and game manufacturers such as RocketGames
and ID Interactive.
company created the Slot Accounting System (SAS) protocol,
one of IGT's most notable technologies is EZ-Pay,
their ticket-in, ticket-out system.
and Film themed slots
Wheel of Fortune
The Dating Game
The Newlywed Game
The Price is Right
The Joker's Wild
Sale of the Century
The Twilight Zone
I Dream of Jeannie
The Addams Family
New Year's Rockin Eve
I Love Lucy
Laverve & Shirley
The Beverly Hillbillies
Star Wars (Multiple themes)
Back to the Future
Alien Vs Predator
has offices in San Francisco, London and Leamington
Spa, Warwickshire. The London location is the game
studio and also head UK office. Leamington Spa is
the base for Technical and Customer Services. (Credit:
to Slots and Video Gaming
casino-style gaming has been legal in the US for approximately
70 years. For most of that time, this type of activity
was limited only to locations in Nevada. However,
changes in the economy over the past 25 years have
prompted many jurisdictions around the world to either
institute or consider legalized gaming. Gaming today
is a high-technology industry with its own history,
products, and language. This fact makes the business
of gaming unfamiliar territory for many new and potential
compiled the Introduction to Slots and Video Gaming
guide to assist the reader in understanding gaming
machines and to help build a familiarity with basic
operating principles and terminology. It is intended
as a general introduction to both the casino and lottery
Mega Jackpot Mega
Gaming CEO Discusses Future of Online Poker - 6th
Monthly Million - January 2009
Opts For WagerWorks Proven Game Titles - 22nd October
Sues Former Owner of Empire Online Over 2006 Sale
- 5th January 2009
dealt blow as managing director quits - 20th January
To Give Away Asian Poker - December 2008
Man Australia Inks Deal With PartyPoker.com - 11th
to its already strong line up of poker brands such
as PKR.com, Virgin Poker and Pacific Poker, Media
Man Australia has come to terms with PartyGaming's
and PartyPoker.com were not featured at Australia's
CAP Down Under, of which Media Man Australia chaired
day one; however PartyPartners.com & Affclub.com
will be the platinum sponsor of CAP Euro, London 2008.
Media Man Australia and Casino News Media director,
Greg Tingle said, "We are absolutely delighted
to be now doing business with yet another of the world's
leading gaming brands. PartyGaming and PartyPoker.com
are right at the top of the online gaming and casino
world and we are excited to be doing business with
them, already reaping the benefits of the association".
Announced As CAP Euro Platinum Sponsor
11th December 2008
(CAP), a leading Internet marketing resource and community
website for online casino affiliate marketers has
announced that PartyGaming Group will be the exclusive
Platinum Sponsor for CAP Euro London 2009.
will be represented by PartyPartners.com and AffClub.com,
its affiliate marketing programmes uniting some of
the biggest names in online gaming including PartyPoker.com,
PartyCasino.com, PartyBingo.com, PartyGammon.com,
PartyBets.com and EmpirePoker.com.
for January 29 to February 1 at the Novotel London,
CAP Euro London is the group’s largest conference
of the year and has emerged as the iGaming affiliate
marketing world’s signature event.
very pleased to announce PartyPartners.com as the
Platinum Sponsor to yet another CAP Euro event,”
said Lou Fabiano, President for CAP.
one of the true leaders of this industry, PartyPartners.com’s
presence is an ideal contribution to the overall spirit
of excellence in gaming that CAP Euro events have
come to represent.”
addition business networking, online marketing discussions,
advice panels and after-hours socialising, CAP Euro
London will also include the second annual CAP Awards
celebrating the most successful and innovative members
of the global Internet gaming community.
and AffClub.com are delighted to again be the Platinum
Sponsors at this year’s CAP Euro London Conference,”
said Jon Salmon, Chief Marketing Director for PartyPartners.com.
play a key role in helping to make our business a
success, which is why we see CAP as a ‘must
attend’ event where we can meet with existing
and prospective affiliates.
affiliates’ needs is of paramount importance
to us and, at the same time, we can talk to them about
marketing the best online gaming brands on the market.
Our aim is to set the world’s hearts racing
through great online entertainment.”
one of the world's leading online gaming companies
We currently operate brands in four major gaming areas:
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(www.PartyPoker.com) is the world's largest online
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You'll find a great variety of poker games and tournaments,
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Results Decline Slightly
25th November 2008
online gaming provider PartyGaming has released its
results for the third quarter of the year showing
strong growth in its casino, bingo and sportsbetting
businesses but a decline in revenues from poker.
revealed that poker revenues for the third quarter
were down to $65 million from the $76.3 million it
earned during the same period last year. The firm
stated that this was due to lower player frequency
and yield and also reported that nine-month revenues
from poker decreased one percent to $218.9 million.
revenues from its casino business grew 25 percent
to $45.9 million for the third quarter from the $36.7
million it reported for the same period last year
due to higher player numbers and yields. Nine-month
revenues from its casino business fared even better
by increasing 33 percent to $135.8 million.
addition, its sportsbetting division reported that
revenues grew by 19 percent for the quarter to $5.1
million from the $4.3 million it reported for the
same period last year due to continued growth in live
betting. It declared nine-month revenues from sportsbetting
of $14.1 million, which was 29 percent up on the $10.9
million it acknowledged for last year.
the good news, bingo revenues were up by 143 percent
to $1.7 million for the short-term from the $700,000
announced for 2007’s third quarter due to a
growth in the firm’s UK business. Just as spectacular,
nine-month revenues from bingo increased 106 percent
to $3.7 million from 2007’s $1.8 million.
PartyGaming reported total revenues of $117.7 million
for the quarter, which was $300,000 less than last
year’s third quarter, alongside an eleven percent
rise in nine-month results to $372.5 million.
are making solid progress on executing our strategic
plan, albeit against a challenging economic backdrop
and strengthening US Dollar,” said Jim Ryan,
Chief Executive Officer for PartyGaming.
Gaming CEO Discusses Future of Online Poker, by Earl
Burton - Poker News Daily - 6th January 2009
recent news in December of Party Gaming co-founder
Anurag Dikshit’s plea bargain with the U.S.
Department of Justice thrust the company back into
the spotlight. Now, in a December 28th interview with
Financial Times, new Chief Executive Officer Jim Ryan
has announced his plans for returning the company
to the lofty perch it once held.
article, written by Roger Blitz, points out that it
has been a very difficult couple of years for the
one-time monolith in the online poker world. After
its initial public offering (IPO) on the London Stock
Exchange in 2005, Party Gaming was valued at almost
£5 billion. Since the departure of U.S. players
due to the Unlawful Internet Gambling Enforcement
Act (UIGEA) in 2006 and the subsequent decision by
then-CEO Mitch Garber to withdraw from the market,
Party Gaming’s value has fallen to under £1
billion. However, as Blitz states, there could be
“a light at the end of what has been a long,
dark tunnel” for Party Gaming.
light that Blitz refers to is the mid-December decision
by Dikshit to succumb to Department of Justice pressures
and plead guilty to violations of the Wire Act of
1961. In submitting his guilty plea, Dikshit paid
a $300 million fine and could face a two year jail
term, although sentencing will not occur until 2010.
He continues to assist the United States Government
in its investigations into online gaming.
the article, Ryan - who took over for Gerber in June
of 2008 - states that Party Gaming is currently in
discussions with the U.S. Department of Justice regarding
the company’s liabilities, but wouldn’t
go into great detail. The article did discuss that
the shares of Party Gaming on the London Exchange
have grown to 200 pence each and that a deal with
the U.S. government is looming sometime this month.
asked about the future of the company, Ryan was upbeat
about Party Gaming’s abilities in not only online
poker, but also in a realm of online gaming options.
“This is a marathon, not a sprint,” Ryan
is quoted as saying in the Financial Times article
by Blitz. “We have been chasing quarterly profits,
but the market has become so competitive, you’ve
got to know where you’re going. We’re
not so much slowing down, but keeping ourselves focused.”
three year plan that Ryan has set for Party Gaming
is something that he believes that other online gaming
companies want to do, but his company already does.
The Financial Times quotes Ryan as saying that the
company, since its exodus from the U.S. market, has
built a complete gaming operation that is focused
on all aspects of the online world, including poker,
casino, sports betting, bingo, and backgammon. “[We
offer] different products with one back office platform,”
he explains in Blitz’s article. “One deposit,
one account – it’s a one stop shop. That
is still the main strategic objective for a number
of our competitors and we have it already.”
also states that he sees a day when the online gaming
world will be vastly different than what is out there
today. While poker remains the focus of Party Gaming,
Ryan sees over the next three years that there will
only be five online poker operators of any consequence.
Party Gaming at this time ranks fourth in that equation
- something that “hurts,” according to
Ryan - but his quote in the Financial Times piece
looms large: “We need to retake the hill and
position ourselves to be that leader again.”
Poker News Daily)
Gaming Full-Year Results Released
Poker disappoints in latest financial numbers
11, 2009 (InfoPowa News) -- Party Gaming plc may have
started out as a primarily online poker destination,
but the performance of this sector of its wider group
activities was disappointing last year, judged by
the 2008 full-year financials released this week.
Poker net revenues declined by $21 million to $274
million (2007: $295 million).
Elsewhere the outlook was rosier, with online casino
net revenues up $31,8 million to $176 million; the
more recent sportsbetting venture up $1.9 million
to $18 million and Bingo up $2.4 million to $4.9 million.
Total net revenues reached $472.9 million, down $3.1
million on the corresponding period in 2007 after
a "non-recurring net revenue adjustment"
of $18.2 million.
Other highlights included:
* Continuing Clean EBITDA up 29 percent to $144.2
million (2007: $111.7 million); total Clean EBITDA
up 53 percent to $133.3 million (2007: $87.0 million)
* The addition of DM plc and CIRSA to the Party Gaming
portfolio of business-to-business (‘B2B’)
* Cash flow from operations before working capital
movements up 23 percent to $132.5 million (2007: $107.6
million) with group cash after client liabilities
and progressive prize pools of $70.3 milion.
Commenting on the results, Jim Ryan, PartyGaming Chief
Executive Officer, said:
"We are pleased to announce another strong set
of results with Clean EBITDA from Continuing operations
up 29 percent to $144.2 million. Our business model
is both flexible and robust with a capacity to generate
strong cashflow. Our brands and market position are
strong and we have a healthy balance sheet with which
to execute our business strategy. I believe that we
are in an excellent position, not just to withstand
the macroeconomic challenges that may lie ahead, but
also to execute our strategy, create value for all
of our stakeholders and achieve our long-term objective
of becoming the world’s most valuable online
Regarding current trading he added:
“In the 5 weeks ended 4 February 2009, average
gross daily revenue was $1,442,900. In poker, new
player sign-ups increased to an average of 1,494 per
day, and there were on average 51,000 active players
per day generating average gross daily poker revenue
of $756,700. In casino, gross revenue was $597,200
per day. In sports betting gross win per day was $75,700
and in bingo, average gross daily revenue was $13,200.
In the four weeks ended 4 March 2009, average gross
daily revenue was $1,536,200. In poker, new player
sign-ups averaged 1,550 per day and there were on
average 51,100 active players per day, generating
average gross daily revenue of $738,500. In casino,
average gross daily revenue was $662,500; in sports
betting, average gross win per day was $123,000; while
in bingo it was $12,200.
“The Group has continued to make good progress
in the first few weeks of 2009 despite the pressures
of a highly competitive market and substantial year-on-year
With The Wind
Man Australia does not represent International Game