Posts Tagged ‘Signs’

Bertrand ‘ElkY’ Grospellier Signs Deal with partypoker

 Bertrand ‘ElkY’ Grospellier Signs Deal with partypoker

Only a couple of months after announcing his much-ballyhooed departure from PokerStars, French poker professional Bertrand ‘ElkY’ Grospellier has revealed his new online home.

Beginning immediately, Grospellier will now don the patch of partypoker, the main rival of his old online home. “It is with great honor and pleasure that I can announce I’m joining Team partypoker,” Grospellier happily declared in the announcement of the partnership. “It is very refreshing to be in touch with a company which prioritizes the well-being of the game and its community.”

“I am very excited about being able to be closely and actively involved in the renewal partypoker is bringing to the poker, LIVE and online,” Grospellier continued. “Our aim is to become the reference in both and I am confident that with partypoker expertise and ambition, it is an achievable goal in the foreseeable future.” He concluded the announcement by encouraging the poker community to reach out to him, saying that he and partypoker were looking to build a “poker universe” for the players.

Grospellier’s arrival on Team partypoker brings more star power to what was already a potent lineup of players. ‘ElkY’ will be a part of a crew that includes Poker Hall of Famer Mike Sexton, Sam Trickett, Fedor Holz, Jason Koon and Kristen Bicknell. It also comes at a critical point for partypoker as they look to reestablish themselves in the online poker industry.

One of the big moves from partypoker has been in their live efforts…or perhaps that should be their LIVE efforts. The partypoker MILLIONS LIVE events around the world have been garnering a great deal of attention and players, while PokerStars’ efforts have floundered in 2017 after they ended the European Poker Tour (and brought it back, in a limited form, in 2018). The MILLIONS LIVE tournaments have almost eclipsed any offering from PokerStars due to something that once was a staple of the PokerStars product – accommodating their players. The next event, the MILLIONS North America, begins on Tuesday with the first of five-Day Ones looking to build a $ 10 million (Canadian) prize pool, the very definition of a major tournament.

There are also battle lines being drawn regarding the European poker market. Although PokerStars has long dominated this arena, the recent move by Spain, France, Italy and the European Union to compact their players is opening new doors on the European continent. To say partypoker is looking to make inroads on this new frontier with a highly improved Team partypoker stable – and looking to promote not only their pros but also their qualifiers to major events – cannot be dismissed.

Overall Grospellier was a quality addition to the partypoker fold. When he left PokerStars after a decade-long partnership, ‘ElkY’ noted that part of the reason for his departure in January was that he wasn’t involved in making the site and its offerings better for the players. “Team Pro used to be a core part of their (PokerStars’) strategy,” Grospellier said in his departure statement. “It has become evident this was not the case anymore.” With partypoker, apparently Grospellier has found that his voice will be heard and that he’ll be able to formulate the product that he is promoting.

Grospellier also brings a high-quality poker game to the partypoker fold. First making his mark in the eSports arena and on the online poker world under his ‘ElkY’ moniker, he exploded on the live poker world in 2007 with his second-place finish in the EPT Copenhagen Main Event. In 2008, Grospellier won the EPT PokerStars Caribbean Adventure Main Event for a $ 2 million payday. Along with his 2008 World Poker Tour championship (at the Bellagio Festa al Lago) and 2011 championship at the World Series of Poker ($ 10,000 Seven Card Stud), he is one of only eight men to have won poker’s Triple Crown. Grospellier has a total of over $ 13.5 million in live tournament earnings.

At 37, Grospellier has a long poker life ahead of him. By joining with partypoker, Grospellier is looking to continue to have an impact on the game for years to come.

The post Bertrand ‘ElkY’ Grospellier Signs Deal with partypoker appeared first on Poker News Daily.

Poker News Daily

Pennsylvania Governor Signs Online Gambling Bill

 Pennsylvania Governor Signs Online Gambling Bill

After last week’s frantic activity in the Pennsylvania state legislature, we expected this to happen, but nonetheless, it is a relief that on Monday, Pennsylvania Governor Tom Wolf signed the gambling expansion bill that will, among other things, legalize online gambling, including poker.

The Pennsylvania Senate passed HB 271 on Wednesday by a 31-19 vote and the House passed it Thursday morning, 109-72, sending the gambling bill to Governor Wolf’s desk. It was expected he was sign it and he did not disappoint in that regard, announcing at the Pennsylvania Press Club luncheon in Harrisburg on Monday that he did so.

Now legal in Pennsylvania are online poker, online table games, online slots, daily fantasy sports, and internet lottery sales. The law also authorizes tablet gaming areas in airports, video gaming terminals (VGTs) at qualified truck stops, and ten “satellite casinos.”

The topic of VGTs was particularly divisive, as the Senate for a long time did not want to allow them at all, as there was fear that a) VGTs would take business away from casinos, and b) they simply expanded gambling too far. The Senate eventually compromised with the House and VGTs were allowed at truck stops, a more limited expansion than the bars, restaurants, and private clubs that the House wanted.

As for online poker, the twelve land-based casinos in the state will get the first chance to apply for licenses. The application will be pricey: $ 4 million for online poker alone. Online table games and online slots require separate licenses at the price of $ 4 million each, as well. If a casino applies for all three licenses within 90 days, it can save money and pay $ 10 million total.

The tax rate will be 14 percent on gross gaming revenue plus an additional 2 percent local tax. That works fine, though the $ 4 million fee just for applying for a license could make some casinos and potential operators balk.

The biggest problem with the bill, as we have discussed before, is that the tax rate for online slots is the 2 percent local tax plus – get this – 54 percent on gross revenue. That’s right. Online slots will be taxed 56 percent. More than half. It was widely considered that this – combined with the separate $ 4 million application fee – will kill this part of the industry before it even starts.

New Jersey online gambling is taxed in the teens and the operators barely make a profit on slots. Yet supporters of the 54 percent (plus 2 percent) tax cite the same tax on brick-and-mortar casinos as the reason why online casinos should have no problem with it. They fail to understand, though, that physical casinos have revenue streams from restaurants, hotel, and shopping to lean on, while online operators have none of that.

We’ll see how that plays out. In the meantime, the wait now starts for online poker to actually launch in Pennsylvania. There is a 60-day waiting period before anything can start, but realistically, it will probably take the better part of a year to get things up and running, as all the regulations have to be put in place, operators need to be vetted, etc.

The post Pennsylvania Governor Signs Online Gambling Bill appeared first on Poker News Daily.

Poker News Daily

NJ Gov. Christie Signs Resolution Decrying RAWA

 NJ Gov. Christie Signs Resolution Decrying RAWA

One of the aspects of politics that makes me die a little inside is that there are times when I have to side with some shit brain whose words, ideas, and actions are so ass-backwards that it makes me wonder how they make it out of the house in the morning without impaling themselves on their toothbrush. So when New Jersey Governor and private sun bather Chris Christie signed a joint resolution urging the United States Congress to not give any RAWA-like bills any sort of consideration, I have to swallow the bit of vomit that bubbled up into the back of my mouth and at least give him a polite golf clap.

It’s not like he’s doing it for any other reason than to protect his state’s online gambling industry and it’s not like anyone on Capitol Hill or in the Trump administration will heed him any mind, but it’s better than not signing the joint resolution.

Despite multiple failures to gain any traction and widespread criticism from both sides of the political aisle, RAWA – or something like it – keeps threatening to rear its ugly head again. The devil spawn of billionaire Republican donor and CEO of the Las Vegas Sands Corp. Sheldon Adelson, RAWA (the Restoration of America’s Wire Act), aims to effectively ban all online gambling in the U.S. Three states- New Jersey, Delaware, and Nevada – have legalized and regulated online gambling industries and several others are working on it.

Most people with a brain and any sort of honesty know RAWA is bullshit, but Adelson and a select few of his cronies couldn’t care less.

Assembly Joint Resolution #137 is basically just a statement, holding no real clout of any kind, but it is a way for the New Jersey government to at least get its feelings on paper so that perhaps someone will read it and have the thought of online poker occupy their day for a moment.

AR 137 was introduced in January, but nothing really happened with it until early June, when it passed by a 36-1-3 vote in the Assembly and then a 75-0-5 vote in the Senate later that month. Chris Christie signed it on Friday.

The important part of the Resolution is as follows:

This resolution urges United States President Donald Trump, members of President Trump’s administration, and Congress to oppose any measures and actions that would prohibit states to conduct Internet gaming. Recent measures in Congress, if pursued by the new Congress and supported by the President and his administration, would prohibit the transmission by wire communication of any bet or wager or of information assisting in the placement of any bet or wager, including Internet gaming.

After reminding the reader that Attorney General Jeff Sessions said he would revisit the U.S. Department of Justice’s clarification of the Wire Act, the Resolution goes on to say:

A federal prohibition against Internet gaming would directly and negatively impact New Jersey by dismantling the investments that the State and Atlantic City casinos have already made to implement and regulate Internet gaming, taking away the economic and employment opportunities already realized by the State and its residents, and foreclosing the future potential of Internet gaming to generate tens of millions of dollars in tax revenue, create high-tech software jobs, and foster valuable business ventures for Atlantic City casinos in this State.

It is unknown if the Joint Resolution has been translated into Russian for easier consumption by the White House.

Poker News Daily

NBA Signs International DFS Deal with…PlayON?

 NBA Signs International DFS Deal with…PlayON?

DraftKings and FanDuel are far and away the dominate players in the daily fantasy sports (DFS) space in the United States, owning somewhere in the vicinity of 90 percent of the market share. So when it came time for the National Basketball Association (NBA) – an equity holder of FanDuel – to partner with a daily fantasy site for international markets, it naturally turned to PlayON. Wait…what? PlayON?

Yes, PlayON is now the NBA’s “Official Daily Fantasy Partner” in Europe, Latin America, and Asia. More specifically, the deal covers:

Europe: France, Germany, Italy, Spain, United Kingdom
Latin America: Argentina, Brazil, Mexico
Asia: Australia, Japan, The Philippines

PlayON only offers daily fantasy sports contests for real money in Australia (regulated by the Northern Territory Racing Commission), the United Kingdom (UK Gambling Commission), and Ireland (Irish National Excise Office), so the rest of the jurisdictions that are part of the agreement are for play money only. On its website, PlayON boasts that it has customers from over 100 countries. It is very careful about abiding by laws and regulations:

Regulation and security are top priorities at PlayON. The company only offers real-money Daily Fantasy Sports games to customers based in regulated territories within which PlayON holds a license. This approach removes all regulatory risk for PlayON’s customers, shareholders and corporate partners. PlayON is focused on building a sustainable and responsible company over the long term, and views regulation as a key part of this growth strategy.

Obviously, it would make total sense for the NBA to partner with FanDuel, considering its financial relationship to the site, but FanDuel barely has any presence outside of the U.S., whereas PlayOn is already established. PlayON offers contests in soccer, golf, cricket, rugby, and even Australian rules football. Basketball is also offered, even before the NBA deal, but unlike at a site like DraftKings, there are no NBA playoffs contests.

In a press release, Salvatore LaRocca, NBA President, Global Partnerships, expressed his pleasure with the agreement, saying, “With basketball’s global appeal, we are always looking for new ways to bring authentic NBA experiences to our fans across the world. Our partnership with PlayON provides us an opportunity to deepen our engagement with our international audience, and bring these fans closer to the game.”

“PlayON is delighted to be partnering with the NBA to deliver Official Daily Fantasy NBA Games,” PlayON founder and CEO Killian Jones added. “The NBA’s global reach and daily fixture schedule make it an ideal fit for daily fantasy. We look forward to working closely with the NBA to deliver innovative sports entertainment experiences to basketball fans around the world.”

Poker News Daily

NBA Signs International DFS Deal with…PlayON?

 NBA Signs International DFS Deal with…PlayON?

DraftKings and FanDuel are far and away the dominate players in the daily fantasy sports (DFS) space in the United States, owning somewhere in the vicinity of 90 percent of the market share. So when it came time for the National Basketball Association (NBA) – an equity holder of FanDuel – to partner with a daily fantasy site for international markets, it naturally turned to PlayON. Wait…what? PlayON?

Yes, PlayON is now the NBA’s “Official Daily Fantasy Partner” in Europe, Latin America, and Asia. More specifically, the deal covers:

Europe: France, Germany, Italy, Spain, United Kingdom
Latin America: Argentina, Brazil, Mexico
Asia: Australia, Japan, The Philippines

PlayON only offers daily fantasy sports contests for real money in Australia (regulated by the Northern Territory Racing Commission), the United Kingdom (UK Gambling Commission), and Ireland (Irish National Excise Office), so the rest of the jurisdictions that are part of the agreement are for play money only. On its website, PlayON boasts that it has customers from over 100 countries. It is very careful about abiding by laws and regulations:

Regulation and security are top priorities at PlayON. The company only offers real-money Daily Fantasy Sports games to customers based in regulated territories within which PlayON holds a license. This approach removes all regulatory risk for PlayON’s customers, shareholders and corporate partners. PlayON is focused on building a sustainable and responsible company over the long term, and views regulation as a key part of this growth strategy.

Obviously, it would make total sense for the NBA to partner with FanDuel, considering its financial relationship to the site, but FanDuel barely has any presence outside of the U.S., whereas PlayOn is already established. PlayON offers contests in soccer, golf, cricket, rugby, and even Australian rules football. Basketball is also offered, even before the NBA deal, but unlike at a site like DraftKings, there are no NBA playoffs contests.

In a press release, Salvatore LaRocca, NBA President, Global Partnerships, expressed his pleasure with the agreement, saying, “With basketball’s global appeal, we are always looking for new ways to bring authentic NBA experiences to our fans across the world. Our partnership with PlayON provides us an opportunity to deepen our engagement with our international audience, and bring these fans closer to the game.”

“PlayON is delighted to be partnering with the NBA to deliver Official Daily Fantasy NBA Games,” PlayON founder and CEO Killian Jones added. “The NBA’s global reach and daily fixture schedule make it an ideal fit for daily fantasy. We look forward to working closely with the NBA to deliver innovative sports entertainment experiences to basketball fans around the world.”

Poker News Daily