Joe Cada is the 2009 WSOP champion

November 12, 2009 : Posted by sarah

The WSOP 2009 Final Table saw a 21 years old American becoming the tournament’s youngest winner. After a fierce final in Las Vegas, ended on 10 November, Joe Cada pocketed $ 8.5 million.

The youngest world champion since the tournament was created 40 years ago, won the deciding hand with a pair of nine, face to Darvin Moon, 25 years old, who had a jack to oppose it.

“I want to thank all my fans and my friends”, said Cada, overwhelmed, in a room of the Rio hotel-casino. The young man who abandoned his studies to become professional poker player, won thanks to a spectacular return in the game through bluffs.

Coming from Detroit (Michigan, North), Joe Cada is the son of an unemployed auto worker and of a casino employee. At first, the latter tried to dissuade his son from abandon his studies and make a living on online poker. But her son’s passion for the game soon convinced her to let Joe follow his own way: “When he started to cope so well, I told him to live his dream. He can always return to school if he wants to, but how many people do what they love?”

Besides the impressive prize, Joe Cada can boast with a gold bracelet that is traditionally a distinction offered to WSOP winners. For his second place, Darvin Moon cash in $ 5 million.

Right2Bet campaign fights for a single European gambling market

October 20, 2009 : Posted by sarah

Online casino players interested in the liberalization of all European gaming markets now have a great opportunity to voice theirs demands. They are encouraged to support a new campaign, named “Right2Bet”, which asks the EU to impose to member states more liberal gambling laws.

The initiative “Right2Bet” seeks to fight against state monopolies on gambling. Initially funded by Betfair, the campaign brings together “European citizens claiming their right to freedom of choice”.

For the moment, the plan regards Germany, Finland, Sweden and Netherlands and is popularised as a petition. Its subscribers demand “the right to use Internet to bet in any country of the European Union and the right to choose gambling sites run by operators licensed in any member state”. The petition also asks that “further steps should be taken to remove barriers that prevent European consumers from exercising their right to purchase services in other European countries.”

The Right2Bet campaign has its legal basis in the “Citizens Intitaive” section of the Lisbon Treaty. Under this section, if a petition is signed by one million citizens, it will be submitted to the European Parliament. Those wishing to freely play online within EU borders hope to influence in this way the political decisions that affect this area. The petition has so far raised about 10.000 signatures.

The campaign’s promoters followed the example of a similar project in US, initiated by Poker Players Alliance.

UK gaming companies turn to French market

September 25, 2009 : Posted by sarah

UK gaming companies have been hardly hit by the economic downturn. Some big names of the online industry have even chosen to move out from UK and establish operation servers in other jurisdictions, with more lenient taxation systems.

In order to counter the slowdown in British industry, the national operators are turning to the closest markets likely to be soon regulated. Party Gaming, William Hill or 888 Holdings could take a breath of fresh air  if they extend their operations in France.

A bill on French market opening will be examined by the nationalParliament on 7 and 8 October. After the law enter into force, local and foreign operators wishing to run poker or sports betting sites will be able to apply for a license to the competent authority.

Jim Ryan, the CEO of PartyGaming manifested big interest for this “great opportunity”. According to the consultancy company H2 Gambling Capital, sales in online gambling will be more than doubled in 2010, the growth being guaranteed by the legal framework. “France is the single largest market on the horizon,” nods Simon Holliday, Head of H2.

France decided to open its market after the authorities had realized that the prohibitory legislation encouraged the illegal offers. This was also a positive response to the pressures made by the European Commission. The EC has several times cautioned UE member states to reform gambling legislation and open their markets. In numerous European countries, the prohibitive legislation is a bar to the free movement of services, a principle set forth in EU Treaties.

The ECJ ruling in “Bwin Liga” case validates the online betting monopolies in Europe

September 10, 2009 : Posted by sarah

When it seemed that the liberalization of online gaming was inevitable, the fall of the monopolies is delayed by the European Court of Justice ruling in “Bwin Liga” case.

The facts are simple: Portugal is among the countries that refuse to open the online gambling market, like Germany, Finland, Sweden or Netherlands. Specifically, the operation of such games is licensed (since 1783) to “Santa Casa da Misericordia de Lisboa”, which holds the monopoly. Advertising gambling or betting activities, others than those offered by Santa Casa, is obviously prohibited and punishable by law.

Perhaps encouraged by the recent jurisprudence of the ECJ, the Portuguese Football League signed a partnership with Bwin, that entitled the latter to post its logo and advertising messages on sports equipment.

Directly regarded by this violation of the law, Santa Casa sued Bwin and the League in criminal court, which preferred to refer a preliminary question to ECJ. This happened on 13 February 2008.

Bwin argued that Article 49 of the EC Treaty (concerning freedom of services) applies to games and online betting. On the other hand, Santa Casa explained the restriction on freedom to provide services by arguing that the main objective of the national legislation is the fight against crime and fraud.

The Court noted that Santa Casa pursuit the public interest and by the tight control of the online gaming it protects consumers of possible fraud by operators. Furthermore (and almost against the spirit of Article 49), the Court recognizes that the physical location of a gaming operator in another EU state could justify the restriction. The foreign checking and monitoring can’t ” be considered a sufficient guarantee for national consumers protection against the risks of fraud and crime”.

The ECJ concludes that in this case, Article 49 is not contrary to the legislation of a Member State which prohibits operators established in other Member States, where they legally provide similar services.

This ruling is surprising especially because the debate in Europe focuses presently on market opening, aiming at the integration of offers such as betting exchange or online casinos services. Even so, this is a case that shouldn’t announce a halt to the EU policy of market liberalization.

Online casinos could be legalised in Canada

August 28, 2009 : Posted by sarah

British Columbia Lottery Corporation announced on 20th August 2009 it would launch online gaming sites in order to generate an income of not less than $ 100 million per year.

The  games offered by the Canadian company, such as blackjack, roulette and poker would be available on its website PlayNow from March 2010. If the project is fulfilled, there would be a first on the North-American continent, where online casinos have been banished so far.

“This is not really an innovative project, but if it was officially legalized by a north-american government, it would be indeed a great innovation”, said Bill Thompson, Professor of public law at the University of Nevada.

The Lottery hopes to get its part of the $ 87 million amount spent by residents of British Columbia on offshore sites. Michael Graydon, the Lottery Corporation CEO, stated: “Rather than let all that money slip away in some tax-paradises like Antigua, we seek to benefit from the opportunity that is giving to us to bring this money back in the country”.

Unfortunately for the company, this comes after a controversial statement made on 17th August, by which it was announced that the weekly limit on PlayNow deposits could be established between $ 120 and $10 000.

Some politicians ans especially those from Social Democratic Party, didn’t hesitate to strongly criticize the decision, which “was made without taking into consideration people with addiction problems”. But the Lottery responded to these attacks, stating that a security system would be put in place to prevent customers from depositing money in their accounts before 24 hours from another deposit.

If the proposal is approved, this could be a gateway for the introduction of online casinos in the United States.

Senator Robert Menendez introduces a bill for regulating online gambling in U.S.

August 14, 2009 : Posted by sarah

In an attempt to overturn The Unlawful Internet Gambling Enforcement Act, widely known as UIGEA, New Jersey Senator Robert Menendez has introduced a bill meant to set up the framework for online poker and other games of skill. “Internet Poker and Games of Skill Regulation, Protection and Enforcement Act” focuses mostly on the games where the outcome is determined by the player’s skills and not on the whole field of internet gambling. Besides poker, the other games cited in the bill are bridge, mahjong, backgammon and chess. The specific element that distinguishes these games from other gaming experiences is the little influence the chance has in the final results.

Menendez explains his particular consideration for poker by the significance of this game among Americans spare-time activities throughout their history: “Poker is part of the cultural and recreational fabric of the United States and has been since the founding days of the United States. United States poker aficionados have included presidents, judges, and statesmen.”

According to the proposed bill, the Treasury Department will the institution in charge to make the financial examination of all the applicants. This will reject any person or company that has been accused for any kind of gambling or financial violation. The bill also establishes the security control features that gambling websites will have to include: payment fraud protection and money laundering prevention, age limit policy, residence verification. The compulsive gambling behaviour is another topic of the law. The online casinos and other gaming rooms are obliged to monitor these habits if they want to keep their license. An opt out right for any state or Indian tribe wishing to ban online gambling in their jurisdiction, is equally specified in the text of the bill.

Playtech shares go down

July 31, 2009 : Posted by sarah

In a tough economic context, Playtech, the leading developer of online casino has not been spared  the financial storm that shook all economic fields. The online gambling environment is also suffering from the slump and this is obvious in the stock market prices. Thus, Teddy Sagi group saw its shares falter. The software designer annual stock profit will be lower than estimated. Playtech shares have fallen by 25% of its value.

This disturbing findings are partly explained by the unfavorable environment for gaming, either live or online. In addition, the stock price collapse comes from the Playtech joint venture with the bookmaker William Hill Online. Despite the latest figures, Playtech has seen its shares price growing during the first half of 2009. However, the forecast for the end of the year are not so optimistic. Analysts say the results should be between 49 and 52 million euros instead of 55 million euros expected.

These gloomy financial expectations are unprecedented for Playetch. The company is a leader on its market and develops software for online casinos, poker rooms and sporting bet sites. It provides the software of online casinos and poker sites as that of Euro Partners Group – Casino Tropez, Casino Bellini, Vegas Red, Titan Poker, Affiliates United, with Prestige Casino and 32 Vegas, Party Gaming, Las Vegas Casino, Swiss Casino, Casino MagicBox, Poker770.

UIGEA, in violation of international free trade agreements

June 19, 2009 : Posted by sarah

Following a complaint filed by the Remote Gambling Association (RGA), the European Commission presented its critical report on the “Unlawful Internet Gambling Enforcement Act” in the United States. The least we can say is that Brussels gives right to international association and dares to call the law “contrary to free trade rules”. It must be said that the UIGEA concerns particularly gambling operation based in Europe. So, the struggle goes on…

Mid-June, the “Guardian of the UE Treaties” published a report on U.S. laws on online gambling and its hardening provisions for European companies. The report is the result of an one-year investigation conducted in U.S. The object of the investigation was not only the current law, but also its reform and the effects it would have on online games suppliers.

The juridical battle on American gaming market involves another powerful organization, which has the right to punish its disobedient members. This is the World Trade Organization; both U.S. and Eu member states adhered to its agreements. On the European ground, UE may reprove its members claiming the violation of Treaties’ provisions such as the freedom to provide services within its territory. As for the U.S., the European Commission only could call the international agreements. Thus, the EC claims that U.S. measures impede free trade and are contrary to the WTO rules. At the same time, the report suggests they can resolve the disagreement by negotiating with the new administration.

“Online gambling is a complex and critical issue, and we don’t want to dictate to the United States the method for regulating the market” the Commissioner of the Chamber of Commerce said. “However, the United States must comply with WTO rules. I hope we will be able to find an amicable solution”.

The report approached, of course, the alarmist claim of the Remote Gambling Association. Filed on 11th March 2008, it stated that the UIGEA denies access to foreign funds and discriminates radically all foreigners wishing to play or wager in the United States. Nevertheless, in 2006, the most of the European companies decided to act on their own and left the U.S. market. But they still suffer from lawsuits for their past activities on this market. Therefore, the report also concludes that the prosecutions are not legally justified and they are discriminatory.

The European Commission now seeks a solution consistent with international agreements through a dialogue with American administration.

Chinese Government tightens its anti-gambling policy

June 12, 2009 : Posted by sarah

On June 9th, the Chinese Ministry of Foreign Affairs made an important announcement: the Government was “hoping” to work with China’s neighbors for more effective border controls and notably for putting a limit on the gambling development along its borders.

According to recent reports, several citizens of the northern province of Shanxi have been kidnapped and held in wait for a ransom, after being lured to casinos located in Myanmar (ex Burma) and the Yunnan Province.

“The Chinse Ministry of Foreign Affairs has asked our embassy in Myanmar to verify this information, and requested the Government of Myanmar to investigate the matter and to take measures to ensure freedom and security of Chinese citizens”, spokesman Qin Gand said.

In China, casinos and games like poker, blackjack, slot machines or bingo, are prohibited. Nevertheless, the Chinese Government is forced to accept the extraordinary growth of gambling industry in the independent Province of Macau. In this part of Asia, Macau is the gaming capital, a paradise for both players and investors.

The online casino field doesn’t submit to a better regime. Online casinos are also prohibited in China; moreover, as from July 1st, all personal computers sold in China will be endowed with software blocking web surfers’ access to gambling sites and other sites designated by the authorities.

William Hill bookmaker to launch a French poker room

June 03, 2009 : Posted by sarah

Strengthened after the merger with Playetch, the British company William Hill continues its advance in Europe, by launching a French version of its site, modernised and with some new improvements. The story of the English bookmaker goes back to the interwar period, when William Hill created a society for sports betting. This society recently became the first betting company in UK, ahead of its number one competitor Ladbrokes.

Meanwhile, it has developed by offering on its website casino games in addition to sports betting. Its reputation increased when the company proposed William Hill Poker Grand Prix, a show broadcast since 2006 on the British channel SkySports.

William Hill and Playetch merged on January 2009, on the basis of a contract for a period of 5 years. This allows Playetch to own 29% stake in the new entity created by the project “William Hill On-line”. This transaction, having amounted $250 million, is a boon for William Hill, because since then profits are steadily increasing.

In view of the forthcoming opening of the French market, the site has benefited from a makeover and has been integrally translated into French. Thus, the site has undergone some revisions of graphics and ergonomics.

Many tournaments will be available each day for all the members of IPOKER network. Sit’n Go’s, freerolls and many other tournaments will be offered on a regular basis.