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 Bwin.party Digital Entertainment Plc said it got a revised takeover proposal from 888 Holdings Plc, the latest twist in a bidding contest for the online gaming company.

The new proposal -- details of which were not disclosed -- is subject to a number of pre-conditions, Gibraltar-based Bwin.party said in a statement Tuesday. It has already accepted a cash-and-share offer from 888, and since then has received higher bids from GVC Holdings Plc.
The battle is the latest in a series of combinations in the gaming industry driven both by the growth of the sector and increased regulation as governments raise taxes and seek to reduce crime. GVC, based in the Isle of Man, didn’t concede the contest even after Bwin.party agreed to a lower bid from 888 that it favored because it said it was more certain.
Bwin.party said it’s evaluating the latest proposal from 888, together with that from GVC, and will consult with key shareholders in coming days before making any final decision.

 The introduction of a Point of Consumption (PoC) tax in the United Kingdom and Europe's new VAT regime are cited as the two main causes for a 17 percent fall in EBITDA reported by 888 Holdings in the first half of 2015.

According to a document titled "Half Yearly Report for the six months ended 30 June 2015' released by 888 Holdings on Friday, the company's revenues suffered a two-percent decline compared to the same time in 2014. Part of this has been caused by the $5.1 million spent in VAT charges in Europe and the $14.4 million in expenses generated by the introduction of the PoC tax in the U.K.
Despite being the parent company of the world's second largest poker room, 888poker, the company has reported a four-percent drop in its poker revenues, which moved from $48.1 million in the first half of 2014 to $46.2 million in 2015. That said, 888poker experienced an increase in the number of players on the platform, which rose by four percent compared over 2014.
However, things did not go much better for bingo, as the game suffered a six-percent drop with revenues dipping from $24 million to $22.6 million.
The first half of 2015 has not been all doom and gloom for 888Holdings as the group has reported positive numbers coming from its casino and "emerging offering" operations, which include the company's sportsbook, 888Sports.
Business-to-Customer 888Casino operations have reported a one-percent growth compared to 2015 with revenues moving from $107.6 million to $108.7 million, while things went even better for the company's emerging offering, which have reported a 41-percent revenue increase with revenues up to $18.5 million from the $13.1 million reported in 2014.
To contribute to the company's positive performance in the casino vertical, 888 mentioned a 22-percent increase in its customer base due to its innovative CRM and premium content, as well as the launch of online slots in Spain, and the progresses made in Italy's regulated market.
On the positive side, 888 also reported an increase in its customer base, as the group now counts 19.2 million real money registered accounts across casino, poker, and sports, with this number representing a seven-percent increase since the end of December 2014.
Meanwhile, mobile gaming has also reported a significant growth, with the company revealing that mobile now accounts for 43 percent of its UK Gross Gaming Revenue (GGR).
"I am delighted to report that 888 has again delivered a very encouraging performance in the first half of 2015 driven by our quality brands, best-in-class technology, and CRM expertise," the Executive Chairman at 888Holdings, Brian Mattingley said.
"Operational progress has continued with strong increases in active players and first time depositors despite the external headwinds of a new point of consumption tax in the UK, VAT in certain European markets and adverse currency movements."
Mattingley welcomed the fact that, on a like-for-like basis, the group's revenue was up by nine percent year-on-year, with the growth "driven primarily by sustained strong growth in casino and exceptional momentum in sport, which recorded a revenue increase of 81%."
According to the group's Executive Chairman, the company's board "remains confident of achieving its full-year expectations," thanks to 888's "strong operational momentum as well as 888's core strengths of technology and CRM leadership. We are well positioned to deliver long-term sustainable growth and look forward with confidence as we continue to develop the business."

 Mexico is a country that could greatly benefit from regulating the online gambling market, but if they will do so is an entirely different question.

People involved in the online gambling industry have seen the same thing happen with regulation over and over again. A country without regulation does not have the means to generate tax revenue from online gambling, and laws that simply prohibit it do not work. People are going to gamble no matter how illegal it is, and the best thing to do for the players and the government is to regulate it. Mexico could be finding this out for themselves, and that could lead to regulation sooner rather than later.
The Mexican Situation
The situation in Mexico right now is that legislation to regulate the industry has made it through some levels of the process, and this includes the lower house in their legislature. However, it's been sidetracked by a number of other more urgent issues. With that having been said, the President of the Mexican Gaming Association Miguel Angel Ochoa believes that legislation should be ready by the end of the year with it going into effect in 2016.
Benefits of Regulation
Current estimates are that about $200 million each year could be earned if companies offering games in the country right now were licensed and taxed appropriately. Up to a total of $600 million each year could be opened up in total based on new, licensed operators coming to Mexico. While these types of estimates have been wildly off base in similar situations in the past, the fact of the matter is that even $50 million each year would be a great contribution to the Mexican budget, and it would help to protect the players in a major way.
Will It Happen?
At this point, it's not really clear. All signs are pointing yes, but with the holdups in the legislative process, nothing is promised. They could definitely use the money at this point, however, and the players could definitely use the regulated environment to help them out. Until we see something certain, however, it's anyone's guess how this will play out.
 

 There might be room for compromise in the long-running stalemate between gaming interests in California regarding who should be allowed to participate in regulated online poker.

At Wednesday's informational hearing in the California Assembly Governmental Organization Committee, Pechanga Band of Luiseno Indians chairman Mark Macarro offered support for ways racetracks could make money from online poker without directly participating.
"We are realistic about the politics of this issue," Macarro said. "That is why Pechanga is prepared to support other opportunities for the racing industry to participate and benefit from online poker. We respect the sport of horse racing and recognize the importance of the jobs that rely on the industry. That's why Pechanga can support legislation that specifically shares revenue derived from online poker for the benefit of the racing industry."
While New Jersey shares revenue from Atlantic City with racetracks, the floundering horse racing industry in California receives no such supplements. Three tracks have been forced to close their doors in the state. Macarro added another way for tracks to profit.
"If that is not an acceptable form of participation, the racing industry also has the means to enter into private partnerships with licensed operators to participate as affiliates," Macarro said. "Racetracks can enter into arrangements whereby they refer their web visitors and players to poker websites for a fee."
Given the examples of a regulated market in New Jersey and Nevada, it is likely that only a handful of sites would be successful in California, meaning that revenue sharing and affiliate marketing could be the best route for tracks to profit from online poker. However, industry representative Keith Brackpool dismissed the idea when committee chairman Adam Gray asked what he thought of Macarro's proposal.
"I appreciate the offer made by chairman Macarro, but we don't believe at this stage that a level playing field would be the other part of the gaming community having a license and determining what morsel of that we would receive," said Brackpool, west coast chairman for the Stronach Group, the largest thoroughbred racing company in North America. "We want a level playing field where we have the right to apply and receive a license on the same basis."
Pechanga is part of a coalition of 10 tribes that asserts allowing racetracks to gain online poker licenses would be an expansion of gambling that violated tribal exclusivity.
"Only card rooms and tribal casinos are allowed to offer live poker," Macarro said. "Racetracks have zero history regulating and managing live poker. We support eligibility of entities licensed to offer live poker in casinos. Each segment should stay in its own lane."
The racing industry contends that the Internet is its own area for regulated gaming in the state, one that is currently occupied only by wagers on horses.
"Nobody is in the Internet poker lane at the moment," Brackpool responded. "Poker is in one lane, horse racing with its Internet ability is in another lane, and we're talking about how we can converge in the middle."
Horse racing brought out its biggest human celebrity of the moment to provide testimony in Bob Baffert, trainer of Triple Crown winner American Pharoah.
"Horse racing has been around forever, and to keep it at that level we need a shot in the arm," Baffert said. "This would be a terrific shot in the arm to keep these horses here in California."
Out of the four online poker bills that have been introduced in California this session, Assemblyman Reggie Jones-Sawyer's would allow participation from racetracks, Assemblyman Mike Gatto's would limit participation to casinos and card rooms, and the shell bills from Gray and Sen. Isadore Hall have yet to take a stance.
Although nothing was solved at Wednesday's hearing, it was the first public indication that there are efforts being made on reaching a compromise to end the stalemate.
The rest of the 4 hour and 18 minute hearing, which can be viewed in full here, seemed like it could have been a reenactment of the informational hearing held in the same committee in April of last year. There were 23 scheduled witnesses broken up into six panels providing background on Internet gaming, how it is being regulated in other jurisdictions, what would be needed to implement and regulate it in California (more funding), suitability standards, horse racing's eligibility and the consumer perspective.
The panel on suitability standards predictably boiled down to tribes and card clubs restating their familiar arguments as to the other main issue dividing stakeholders — whether legislation should contain a bad actor clause aimed at preventing PokerStars, the world's most popular poker site, from getting a license.
Jeff Grubbe from the Agua Caliente Band of Cahuilla Indians said that PokerStars flaunted the law by taking bets after the Unlawful Internet Gambling Enforcement Act (UIGEA) took effect at the end of 2006. Eric Hollreiser from Amaya Gaming, which acquired PokerStars last year, pointed out that UIGEA did not create any new laws to make online gambling illegal, instead being a tool to enforce existing state and federal laws in which online poker was not prohibited. There was much talk of tainted assets and the advantage PokerStars holds in its four-year-old customer list from before the site ceased operations in the U.S. following April 2011 indictments.
PokerStars and its California partners — the Morongo Band of Mission Indians, San Manuel Band of Mission Indians, Commerce Casino, The Bicycle Casino, and Hawaiian Gardens Casino — ask only that the question of PokerStars suitability be left up to regulators to decide rather than being predetermined in legislation.
The interesting part regarding the bad actor issue came in questions and statements from committee members.
Gray, whose shell bill has yet to take a stance on the bad actor question, showed his hand by pushing California Gaming Control Board Commissioner Richard Schuetz to confirm that regulators already have adequate tools to ensure companies entering the online poker marketplace would be of a high standard. He then threatened that if the legislature needs to determine suitability for an online applicant, then perhaps it needs to look at suitability standards for gaming in the state all together.
"This isn't about creating competitive advantages," Gray said. "If our suitability standards in current law are inadequate, which means people are running gaming establishments not of the highest character, we need to strengthen those laws. If somebody owns a card club and engages in criminal activity, may or may not be convicted and then sells to another owner, do we not license that card club?"
Assemblyman Jim Cooper showed to be in favor of a bad actor clause in a contentious exchange with Hollreiser. He called out PokerStars on hiding behind its $731 million civil settlement with the Department of Justice — $184 million of which went to make whole the players of competitor Full Tilt Poker, which PokerStars acquired in the settlement — when saying the company had not been charged with any criminal activity.
"To pay out $700 million doesn't pass the smell test and it doesn't sit well with me," Cooper said.
Hollreiser answered that Amaya — which is most licensed online poker operator in the world with licenses in the UK, France, Italy, Spain, Germany, Denmark, Belgium, Astonia, Bulgaria, Malta, and the Isle of Man — would be happy to go through the state's lengthy regulatory process.
On the day that the Sheldon Adelson-sponsored bill to ban Internet gambling federally was reintroduced in the U.S. Senate by Sen. Lindsey Graham (R-S.C.), a companion bill to the one already introduced by Rep. Jason Chaffetz (R-Utah) in the House, Robert Uithoven from the Adelson-funded Coalition to Stop Internet Gambling repeated the Las Vegas Sands CEO's well-known rhetoric against online gaming.
However, when Uithoven cited old FBI letters about concerns of the potential for money laundering and other criminal activities in online gaming, John Pappas from the Poker Players Alliance was there to point out that these concerns were for unregulated online gaming.
"Isn't sunlight the best disinfectant?" asked Assemblyman Frank Bigelow. "We know people will still play poker online. Aren't we best having regulated business with a watchful eye rather than doing nothing?"
In the first panel providing background on Internet gaming, Chris Krafcik from GamblingCompliance said his company projects $217 million in total revenue from the first full year of online poker in California and $366 million in the fourth year. He noted that, even at maturity, that would be less than 5 percent of overall gaming revenue in the state considering the tribes have gaming revenue of $7 billion annually. At the proposed tax rate of 6.7 percent, online poker would generate between $14 million and $28 million in additional tax revenue each year.
Krafcik added that GamblingCompliance expects one state between California, Pennsylvania, and New York to legalize and regulate Internet gambling or online poker by the end of 2017.
Whether that state will be California, which has introduced online poker legislation in each of the past seven years, depends on if the interested parties can reach a compromise on participation. Perhaps this hearing was a first step.
"We here at the California legislature have been talking about Internet poker longer than it took to win World War II," Gray said in his conclusion. "But we'll continue with the discussion and we don't want to move forward without something with strong provisions to protect our constituents."
 

 It is undeniable the Internet is the greatest technological advancement of our time. The Internet has brought information, education, prosperity and wealth to billions of people across the world.

This is partly due to the Internet remaining one of the few areas of the economy the government hasn't yet stifled with high taxes and overregulation. Yet some in Congress want to change this. Some politicians, angry that Americans dare to freely exchange goods and services across borders without giving the government its cut, want to halt all this innovation with new taxes and regulations.
One of the worst offenders of all is Rep. Jason Chaffetz of Utah's 3rd District. Despite claims of wanting to limit government, Rep. Chaffetz is launching an all-out attack on the Internet! Last week, he introduced legislation requiring small businesses in Utah that sell products online to collect and remit sales taxes for the over 9,700 tax jurisdictions in the United States. Talk about a headache for the small Internet retailers!
Current law only allows states to require businesses to collect sales tax if the business has a physical presence in that state. But now, greedy state governments are looking to Washington to turn federalism on its head and require businesses that are not even in their state to become their tax collector. So much for "No Taxation Without Representation!"
Proponents of Chaffetz's Internet sales tax argue this is supposed to help small businesses. Throughout my time in Congress, however, I learned in order to see the true intent of legislation, you must look at who supports it. And the biggest supporters of the Internet Sales Tax are big-box retailers.
But, why would a company want to impose greater regulations on itself? Well, the big guys can afford it. Thus, the Internet Sales Tax is simply a way for large companies to use the strong arm of government to put their smaller competitors out of business, all with the help of Rep. Chaffetz and the federal government.
Rep. Chaffetz's disdain for the Internet doesn't stop there. He sponsored the so-called Restoration of America's Wire Act to ban Americans from visiting websites that allow individuals to gamble online, making it a federal crime to play poker online, along with outlawing online lotteries and other games.
Now, I personally don't gamble. But do we really need the federal government censoring access to the Internet in the United States? That sounds like a very dangerous precedent and is something U.S. politicians routinely decry totalitarian regimes for doing.
His iGaming Ban also voids existing state laws allowing Internet gambling. Those concerned that legalized gambling in one state will undermine Utah's law forbidding Internet gambling should ask themselves, who is more likely to take steps to ensure they are not violating Utah's laws: an online casino run buy a legal business, or one run by an offshore criminal cartel?
Again, examining who supports this legislation will show us the motives behind it. RAWA is supported by one Las Vegas billionaire casino mogul, who doesn't want Americans to be able to gamble without paying to stay at his resorts. These are the same resorts where Rep. Chaffetz has stayed in while visiting Las Vegas.
So, whether it is with the Internet sales tax or allowing the federal government to censor your access to the Internet, Rep. Jason Chaffetz is quickly proving he's no friend to the Internet or limited government, despite his rhetoric. I encourage all liberty-loving Utahns to give Rep. Chaffetz's office a call and ask, what does Jason Chaffetz have against the Internet?
Ron Paul is a former congressman from Texas and a former presidential candidate.
 

 A little more than a week ago, Brian Stinger885 Hastings (pictured) became the first player to win multiple bracelets during this year’s World Series of Poker (WSOP) after first winning the $10,000 Seven Card Stud Championship and subsequently winning the $1,500 Ten-Game Mix. Since then, Hastings has found himself immersed in a multi-accounting controversy after David Bakes Baker shared with his followers on Twitter.

“So after I FT'd the SCOOP 2k a bunch of well known pros messaged me telling me @brianchastings was behind the NoelHayes account on Stars”
Baker (pictured) followed this up with two more Tweets about Townsend multi-acccounting:
“He was trying to 'do the right thing' and tell people about it including a PokerStars team member but I didn't get that benefit”
"So to see this 'angleshot' get publicity when I was playing SCOOP-H and 100/200 8game hands vs a new acct that knew me, well"
Multi-accounting is serious on any level, but may even more so taking advantage of the nosebleed where the competition is fierce. A player should have a significant advantage if they are playing anonymously, yet know the playing styles of their opponents before sitting at the table.
A thread was created on TwoPlusTwo about the allegations mentioned by Baker over social media, with many members expressing their concern and outrage. It was also alleged that Hastings played under a different account name on PokerStars to help him play from the US, violating another major rule at PokerStars.
It took over 250 posts before Hastings popped in. Initially, he neither admitted nor denied the allegations. Hastings instead tried to ask people not to talk about it:
"What I do care about is something like this being a major story in the poker world at a time in which the WSOP is in full force and we should be trying to promote and grow the game of poker, rather than drag it through the mud," Hastings posted. "Think what you want about me, but one thing I have in common with most people reading this is that we love the game of poker and want to be able to play it freely in the comfort of our own homes."
While he did not publicly admit any wrong-doing, Hastings did send Baker a private message admitting to the allegations, which Baker subsequently posted about on TwoPlusTwo:
"My intent was never to gain an edge from deception, just to be able to live and play in the USA, where I have a wonderful network of friends and family that I didn't have when I tried to move to Canada."
Some players are also upset about WSOP prop bets they made against Hastings, thinking he was rusty after not playing for a spell.
This isn’t the first time Hastings has found himself in hot water with the poker community. Back in 2009, Hastings was stripped of his Full Tilt Poker Red Pro status after being accused of utilizing a shared hand history database against Viktor "Isildur1" Blom after beating him for over $4 million.
 

Bryan Micon, the man targeted by state officials for allegedly running an illegal online gambling website, appeared in a Las Vegas court today and agreed to plead guilty to the charge against him.
Micon’s plea will allow him to avoid jail time and serve probation, after which he can file to have his record reflect a gross misdemeanor instead of a felony, according to his lawyer. Micon will also need to pay a $25,000 fine.
Micon was targeted by state gaming officials in February for allegedly running an illegal poker website called Seals with Clubs that accepted the alternative currency Bitcoin. Nevada Attorney General Adam Laxalt charged him in April with one felony count of operating an unlicensed interactive gaming system. It was believed to be the first time state officials have cracked down on an illegal online gambling operation.
The length of Micon’s probation will still need to be determined by a District Court judge, his attorney Richard Schonfeld said after appearing in Las Vegas Justice Court today. Micon also agreed to surrender $900, 3.0996 Bitcoin and electronic equipment that state officials confiscated from him.
After his home was raided in February, Micon and his family left the country for the Caribbean island of Antigua, which has a reputation for friendliness toward online gaming. But he returned to the United States to appear in court, and he intends to remain to serve his probation, Schonfeld indicated.
Micon is set to appear in District Court on July 6.
 

US Representative Joe Barton (R-TX) introduced legislation on Thursday that calls for the regulation and legalization of online poker on a federal level.
“Poker is an all-American game. It’s a game that I learned as a teen and continue to play today.” Barton stated in a press release. “Just like millions of other players I enjoy the strategy and skill involved. I continue to be supportive of the Americans who play poker online.”
The Internet Poker Freedom Act of 2015 is Barton’s third attempt to advance federal internet poker legislation since 2011 when he introduced the Internet Gambling Prohibition, Poker Consumer Protection, and Strengthening UIGEA Act of 2011 just a few short months after Black Friday.
Barton introduced a similar bill in 2013.
Under the provisions of the latest bill, the prohibition on unlicensed internet poker would go into effect nationally with violators facing steep fines and jail time.
HR 2888 uses a significantly different threshold for bad actors than the commonly seen December 31, 2006 date. Instead, Barton’s bill deems an operator as ineligible to be licensed if it was convicted of accepting bets or wagers through internet poker.
The bill contains a number of provisions designed to protect consumers from unscrupulous practices of some offshore online poker operators. HR 2888 also provides for measures to prevent minors from gambling, prevent money laundering and to help identify and treat problem gamblers.
“My bill is needed now more than ever,” Barton continued. “It creates one federal standard that protects the integrity of the game and the financial interests of players – while protecting American consumers from nefarious and predatory overseas gambling operations.”
“Congressman Barton’s bill is common sense public policy that would allow qualifying states to pool players together to create a more robust market that will drive consumer satisfaction as well as increase state revenues,” said John Pappas, Executive Director of the Poker Players Alliance. “A clear regulatory environment is in the best interest of all consumers, operators, regulators, and law enforcement.”
Barton’s bill is also respective state’s rights allowing those states that choose not to participate in internet poker to opt out.
Currently, bills exist in both the US House of Representatives and the US Senate that seek to ban online poker and most other forms of online gambling.
Online poker is currently legal and regulated in Nevada, New Jersey and Delaware.
“The complex web of state and local regulations now being devised could leave players at risk.” Barton remarked. “I believe H.R. 2888, the Internet Poker Freedom Act of 2015, creates a federal standard and provides players proper protections. At the same time, it includes safeguards for children and problem gamblers.”
 

 MONTREAL -- Although Amaya is at the centre of an insider trading investigation of a US$4.9 billion acquisition, you wouldn't know it at the online gaming company's annual meeting Monday.

The subject was not broached by management and no shareholder raised a question about it to its chairman and CEO David Baazov, who is among those being investigated by Quebec's securities regulator.
Baazov later told reporters that the investigation makes great headlines but hasn't spooked investors or distracted Amaya officials.
"It's not something to be taken lightly but it's not Hollywood either," he said. "Anybody who is sophisticated or rational can actually come to a pretty rational conclusion of the events that took place."
Baazov said he hopes the Autorite des marches financiers (AMF) will quickly come to the same conclusion as an internal review supervised by board members with the help of external legal counsel: that there was no personal failure by any of Amaya's officers or directors.
The Montreal-based company has come under scrutiny because its shares began to surge before its acquisition last summer of the world's largest online gaming operator, the Oldford Group.
AMF executed search warrants in December at Amaya's headquarters and the offices of lead financial adviser Canaccord Genuity, a local branch of Manulife Securities Inc.
Amaya (TSX:AYA) said earlier this month that the investigation is looking at Baazov and chief financial officer Daniel Sebag, but not over any personal trades.
Baazov said the investigation hasn't affected Amaya's day-to-day operations or undermined its growth plans, especially in the United States, where it is hoping officials in various states will allow online gaming.
However, he said he was surprised by how "anti-competitive organizations" he wouldn't name were trying to leverage the investigation and fuel questions about Amaya.
Baazov said he never considered stepping aside during the investigation and pointed out that more than 96 per cent of shareholders voted Monday to re-elect him and other directors to the board.
The 34-year-old holds 24.5 million shares or about 18.3 per cent of the company, worth about $871 million at Monday's closing price of $35.56 on the Toronto Stock Exchange.
Amaya told shareholders it sees continued growth in its operations led by PokerStars, the world's largest online poker site. It said it plans to launch online and mobile versions of casino games on its PokerStars and Full Tilt casino platforms by the end of 2015 and roll out online sports betting.
 

GameAccount Network has confirmed the launch of its new casual mobile gaming platform in the US.
The online gaming systems and software provider said that the new platform will serve as a complement to its existing Simulated Gaming solution.
The GameAccount Network Casual Mobile Gaming platform has been rolled out following an intense research and development process that ran for a period of 18 months.
The platform has already delivered its first game for a US casino in the form of ‘Foxwoods Solitaire’, which is available to download to Google Android and Apple iOS mobile devices in more than 150 countries around the world.
Additional casual mobile games will be delivered online this year to existing land-based casino clients of Simulated Gaming in the US.
Dermot Smurfit, chief executive officer of GameAccount, said: “Executives of land-based US casinos are generally aware that casino patrons also play casual mobile games while on and off-property.
“Our innovative Casual Mobile Gaming platform will now enable our clients of Simulated Gaming to tap into an existing $3 billion (€2.7 billion) market in the US and extend their relationship with their patrons with highly engaging casual mobile gaming experiences.
“We now offer land-based US casinos a unique service: Simulated Gaming complemented by casual mobile gaming – with a proven upgrade path to real-money regulated gaming in the event suitable legislation passes in their state.”
 
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