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UK Poker News Archive


PartyGaming stakes £33m on takeovers
PARTY POKER owner PartyGaming has taken over a string of online gambling sites after snapping up assets belonging to two smaller rival firms. The internet gambling firm paid in shares worth £33.7 million to acquire the assets of Empire Online and Intercontinental Online Gaming. The consolidation move, which...


Poker in Pubs On the Way in UK
According to the Sunday Times, the UK Government is preparing the ground to make it easier for games of cards, including poker, played for cash to be allowed in public houses without breaking any licensing laws or regulations. Pubs will be permitted to hold poker games for cash as part of the gambling...


Pub poker could get go-ahead
The government is considering permitting small stake gambling on poker games in pubs from next autumn, in a move which could see the card game become as much a part of pub culture as quiz nights and darts. The popularity of poker has taken off in recent years and is set for another boost from the...


Derek Kelly of Gutshot Club found guilty
The Gutshot Case has resulted in a finding of "Guilty" upon Derek Kelly, who has failed in his quest to argue that poker is predominantly a game of skill and should therefore not be included in the games of "mixed skill and chance" which require a person to hold a licence under the Gaming Act 1968. The jury...


Playtech to buy Tribeca to join poker top table
Gambling software maker Playtech (PTEC.L: Quote, Profile, Research) agreed to buy rival Tribeca for $75 million (39 million pounds) on Monday to create a company twice the size of its nearest competitor. The deal brings with it a number of Internet gambling websites currently operating on Tribeca's poker...


WSOP Poker Host Harrah's acquires London Clubs International
Harrah's, host of the World Series of Poker (WSOP) and the world's largest casino owner and operator, announced that London Club shareholders have accepted Harrah's latest offer of $570 Million to buy a majority holdings of London Clubs International. Harrah's has said it hopes to complete 100%...


Ladbrokes confirms early talks on 888 acquisition
Ladbrokes, the UK's leading gaming group late Sunday night confirmed that it is in talks to acquire an online poker and casino group, 888 Holdings. Online gaming firms are in crises since the U.S. Congress passed legislation to end Internet gaming last month, forcing the gaming industry to merge...


Absolutely Ultimate Bet Poker?
Rumours have been circulating about many online poker room mergers since the US government passed legislation to make the funding of poker accounts difficult for their citizens. Reports are coming in that Absolute Poker and Ultimate Bet are set to merge this coming Monday following weeks of...


APAT announces UK Amateur Poker Championship
APAT, The Amateur Poker Association & Tour, today announced details of its premier UK based live event. The APAT United Kingdom Amateur Poker Championship, a two day event will be hosted by Aspers Casino, Newcastle, on December 2nd & 3rd, 2006. Players can buy their tournaments seats for...


Party Gaming counts the cost of US withdrawal
Party Gaming plc, the London Stock Market quoted, Gibraltar-based, owner of Party Poker, today announced that the immediate one-off cost of withdrawing from the US online gaming market was $250,000,000. This is the result of the actions taken by Party Gaming plc following the signing by President Bush...


Neteller confirms its policy on US Online Gambling Law
In a statement issued today, Neteller plc, the Isle of Man-based "e-wallet" widely used by online poker players, including many Americans, has confirmed it will comply with the "Unlawful Internet Gambling Enforcement Act of 2006" that was signed into law by President Bush as part of the Safe Port Act, on...


Poker giant says it's exempt from gaming ban
PokerStars, the world's second-biggest Internet poker firm, said on Thursday that a looming U.S. ban on online gaming would not apply to poker, as it is a game of skill, and its business would continue as usual. The gambling industry was left reeling this month after the U.S. Congress unexpectedly approved a...


UK firms flee US gambling with $1 buyouts
Britain's Sportingbet (SBT.L: Quote) and Leisure & Gaming (LNG.L: Quote) both pulled out of the United States ahead of a ban on Internet gambling on Friday, each selling their U.S. operations to private investors for $1. Smaller rival World Gaming (WGP.L: Quote) meanwhile said it was impossible to...


Poker and gaming companies bail out of the US sector
The financial carnage on the stock market this morning has been largely precipitated by the statements by the big players such as PartyGaming plc and 888 Holdings plc that they are suspending business with US customers until the effects of the new US law, the "Unlawful Internet Gambling Enforcement...


The Hendon Mob joins Team Full Tilt
You can't keep a good Mob down! The Hendon Mob - aka Ram "Crazy Horse" Vaswani, Joe "The Elegance" Beevers, and the Boatman brothers, Barny and Ross - have re-emerged with major sponsors after a short period of divorce from Prima Poker. The Mobsters have joined forces with Full Tilt Poker, which is...


Everton FC closes EvertonBet
Everton FC, a popular UK soccer club, has decided to stamp out their online betting operation, effective midnight last night. This has stunned football club fans and casino players alike, with an urgent late night email informing customers of the urgent and drastic decision. Industry commentators aren't...


London Float For Aussie Online Casino BetCorp
Shares in online gambling company Betcorp Ltd jumped nearly 8 percent this week as the provider of Internet sports betting and online poker and casino games became the latest gambling group to float on the London AIM. Betcorp is already listed in Australia but spokesmen said it was coming to the UK...


Is poker now illegal in Northern Ireland?
As reported by UK Poker News and others, the Cavendish Club, a private members club in Belfast, Northern Ireland, was the subject of a major police raid last weekend during the height of the club's major monthly poker tournament, resulting in the seizure of members' cash and the club's poker...


UK to hold global talks on online gaming
Britain plans to hold global online gaming talks this year to seek support for its move to regulate the fast growing industry and help protect children from gaining access to the businesses' Web sites. The push for an international meeting comes after a booming but volatile Internet gambling market saw...


UK Grosvenor casinos updating to the 21st century
One of the big grumbles of poker players in the UK has always been the archaic processes through which they have had to plod to successfully register and pay up for tournaments. Then, in the tournament itself, players often have to rely on a staff member with a clipboard and a sheaf of papers piled up on a...


PartyGaming to take over two poker partners
Online poker operation PartyGaming said on Friday it was taking over two of its four partners and ending its relationship with a third. Analysts said that was further bad news for Empire Online, the fourth partner, which PartyGaming is also in talks to buy. PartyGaming said it had agreed to pay $14.5 million...


Online gambling companies advertising illegally face prosecution
Online casino and poker adverts that break the law face prosecution, Secretary of State for Culture Media and Sport Tessa Jowell told the British Casino Association AGM today. Jowell acknowledged concerns over the increase in potentially illegal advertising by online gambling operators, and said action...


Empire crumbles but is PartyGaming rise over?
Online gambling grabbed headlines in the City of London last week.Two significant events took place: the Gibraltar-based gaming company 888, which owns such brands as Pacific Poker and Casino-on-Net, released better than expected figures. And Party­Gaming, its larger competitor, announced its...


Online poker 'rife with cheats'
The boom in internet gambling may be about to hit its greatest hurdle with one of the world's most famous casino cheats claiming the online world is far more at risk from cheating than the casinos in which he made millions. Richard Marcus is among an elite of casino cheats and during a 25-year reign he and...


ITV4 to air WPT episodes on Friday nights
New UK diginet ITV4 will launch today armed with rights to the US show World Poker Tour, as well as gritty US crime drama Wanted, Comedy Central's puppet show Crank Yankers and the new Kojak series. ITV4 has licensed series one and two of the World Poker Tour for a primetime Friday night slot...


Is poker in the cards for England's gaming clubs?
If you thought the legality of playing poker was hazy in the United States, you haven't kept up with the changes sweeping across the pond. In what appears to be a landmark ruling on whether poker is a game of skill or a game of luck, English law officials and club owners are waiting with baited breath for the...


Internet gaming - not a bubble waiting to burst
Last week's jittery flotation of Internet casino 888.com highlighted the fraught nerves of investors who fear the Internet's latest boom is coming to an end. Though shares of online gamers have lost much of their recent gains, a recovery could come as soon as next week when positive results from...


Sportingbet ends talks to buy Empire amid customer fears
SportingBet, the online gambling operator, has ended discussions to buy Empire Online for £790 million amid concern in the City that the targeted company does not actually have any customers. Sportingbet failed to deny speculation that the poker websites Empire Online runs under the aegis of PartyGaming and...


PokerRoom to float on the LSE next?
Ongame, a Stockholm-based online poker operator, is considering a London stock market flotation that could value the company at up to 400 million pounds, The Daily Telegraph said on Saturday. The newspaper said Patrik Selin, Ongame's chief executive, expected to float next year. He said the company...


Gambling sites could be damaging UK economy
Internet gambling sites may be exciting passions on the stock market but such ventures could be damaging the UK economy by boosting consumer debt. The Debt Advisor said this week it was already seeing people who had run up large debts through the sites, some of whom owed more than £100,000. The group...


Three arrested over casino fraud
Three people accused of using hidden micro-cameras and ear-pieces to cheat in poker, have been arrested for trying to defraud a casino. The Met said it was believed to be the first time suspects had been arrested in the UK for using equipment to cheat. He added it was believed the three had been in at least...


888 IPO 'on track', no plans to cut valuation
The flotation of online casino 888 is on track and there are no plans to cut the valuation of the group, a spokeswoman said on Sunday, denying claims the listing could be cut in value or even cancelled. "The position at the moment is that the flotation is very much on track. Marketing starts on Thursday. We...


888 IPO seen advancing despite PartyGaming hit
The flotation of online casino 888 should still go ahead but the price of the listing may be hit by weaker sentiment after Internet poker group PartyGaming warned of slowing growth on Tuesday, says analyst Greg Feehely of Altium Securities. "Clearly it will need to get priced to go," Feehely told Reuters...


UK's first poker magazine due out in October
A new glossy magazine aimed at online casino and poker room players is about to hit UK news-stands. We look at what to expect from Flush. It's glossy, it's glamorous and it claims to be "the magazine your eyes should be on" - Flush will go on sale across the UK early next month. According to Production...


More online poker sites to float?
Is there the sniff of a bubble in the UK betting and gaming industry? Consider this from one newspaper, one day, last week. Pokerstars, the world's second-biggest internet poker company, announced it was moving its operations to the Isle of Man, presaging a possible London flotation. The...


Doyle Brunson is a new Telegraph coumnist
Perched on a stool at the bar of his hotel suite, a crutch at his side, a deceptively fragile-looking old gent removes his 10-gallon hat and smiles wearily. "Well, I am kinda getting used to all the fuss," he says in a gentle Texan burr. "It's been going on a while now." I'd asked if he finds it weird...


Daily UK tabloid for gamblers due Spring 2006
With the country in the grip of a gambling boom, the media slapped a substantial pile of chips on the table last week. Jeremy Deedes, the former Telegraph Group chief executive, is fronting a plan to launch a 128-page daily tabloid for gamblers next spring. If £12 million venture capital can be...


PartyGaming poker float in further doubt
The world's largest online poker company, PartyGaming, may be forced to slash its float price before its full listing next Monday. It is still possible that the City will refuse to back the float, although that remains an outside bet. The four owners of the company stand to share more than £1 billion if they...


Legal worries cloud PartyGaming poker float
PartyGaming shares were under pressure in unofficial trading on Thursday amid investor concern about the regulatory risk facing the online poker giant, which is set for a multibillion-dollar share float later this month. Spread-betting company IG Index said its price range for PartyGaming's shares had slipped to 110-118...


Online gambling tycoons face jail threat
London's biggest stock market flotation for years has been overshadowed by advice from Washington that the four dotcom millionaires behind the venture risk arrest and prosecution in the United States. PartyGaming, operator of a hugely profitable poker website, is expected to be valued at £4.76bn when...


Empire shares rise on UK market debut
Shares in Empire Online made a strong debut on Wednesday as the group became the first internet poker operator to float in London. Empire, which is chaired by Lord Steinberg, the founder and chairman of Stanley Leisure, has raised £123.5m at 175p-a-share via a placing on London’s Aim market. In...


Empire Poker to float on the LSE next?
Excited punters - on hearing that Lord Steinberg is to become non-executive chairman of Tradal which is behind leading online gambling site Empire Poker - chased shares of Stanley Leisure 8¾p higher to 548p. Tradal is currently planning a £550m flotation on the London Stock Exchange. They were willing...


PartyGaming puts £5bn on its flotation value
PartyGaming, the world's largest online poker company, is understood to be confident of a valuation of more than £5bn should it decide to float on the stock market. Yesterday the Gibraltar-based group, which operates the PartyPoker website, said its underlying profit before financial charges reached $391m...


Party Poker rumoured to postpone flotation
Rumors have surfaced that online poker company Party Poker will delay plans to float on the London Stock Exchange. Party Poker's much anticipated float was expected to occur within the next month or two, but now a number of industry insiders suspect that the float will not take place until at least late summer...


UltimateBet and Absolute Poker to launch in the UK
Two of the biggest US online gaming operators are planning multimillion-pound assaults on the nascent UK poker market. UltimateBet is launching UltimatePoker in the UK this week, backed by a £4.2m campaign. It has hired FCB London and Tonic to handle the brief, following a competitive pitch...


New poker TV channel launched in the UK by BSkyB
A group of former BSkyB executives will lay their cards on the table today with the launch of a new UK digital satellite channel dedicated to poker programming. In a bid to capitalise on the game's increasing popularity, piqued by series such as the Celebrity Poker Club and the rise of online casinos...


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