Monthly Archives: December 2007

Parlay Entertainment’s Revenues Down

Parlay Entertainment, Canadian gambling software developer based in Ontario, is known to have had its third quarter results down.

The total revenues have dropped by 13% percent from the first three quarters of last year to just over $5.9 million with royalties also falling by 6% to a little over $5.4 million. The net income has decreased to $296,242 from $1.2 million, while the company’s earnings before interest fell to $583,810 from $2.1 million in 2006.

Despite huge loss, the company claims to be debt free. Besides, the company’s product has been recently certified by the Isle of Man and UK Gambling Commission. It means that company’s royalty revenue will expand over the next quarter and beyond.

O’Neill’s Leaving

It has been announced that after three years of service at Rank non-executive director Brendan O’Neill (one of the most experienced businessmen on the Board of Directors) is leaving at the end of December.

Before joining the Board in October 2004, O’Neill had served as the Chief Executive Officer and Director for Imperial Chemical Industries, hah had senior positions at Guinness, the International Region for United Distillers, Financial Control, HSBC Holdings, BICC and the Ford Motor Company.

58-year-old O’Neill is still holding positions of the Chairman for RAC Pension Trustees Limited, a Non-Executive Director for Aegis Group, Tyco International Ltd, Watson Wyatt Worldwide Inc and Endurance Speciality Holdings Ltd, a Bermuda-based insurance company.

Review of Asia Pacific Poker Tour

The latest Pokerstars Asia Pacific Poke Tour was held at the Grand Waldo Hotel in Macau last weekend. Organized in grand style with an impressive oriental feel generated through an opening ceremony replete with gongs, drums and a Chinese lion dance before international poker veteran Scotty Nguyen made the traditional shuffle up and deal call, the tournament attracted 352 entries.

Lots of professional players such as Joe Hachem, Liz Lieu, Isabelle Mercier, John Juanda, Jeffrey Lisandro and Bertrand Grospellier were eager to win the $225 640 main prize. By day 2 the number of stars had decreased to 74. Among the stars to continue the game were  Scotty Nguyen, Joe Hachem, Bertrand Grospellier, Bill Chen and Internet hotshot Hevad ‘Rain’ Khan.

The game was rather tough even for the pros. Eventually 9 people with the following chip counts took part in the final table: Dinh Le (710 000), Guillaume Patry (575 000), Ivan Tan (549 000), Bertrand Grospellier (455 000), Sangkyoun Kim (422 000), William Tan (293 000), Liz Lieu (232 000), Simon Randall (159 000), Joe Hachem (130 000).

Finally, the relatively unknown Dinh Le became the winner. He took home the title and the $225, 640 main prize. Ivan Tan took the second place and the check for $129, 536.

Pinnacle’s Latest Project

Pinnacle has been very busy this year opening new casinos around the country.

The $507 Lumiere Place in St. Louis, Missouri, is the latest project of Pinnacle. It is to be opened on December, 18. The casino will be located north of the Gateway Arch in downtown St. Louis.

By the time the project is complete (it is supposed to be done early next year) =, the casino will turn into a megaplex. It will include a 75,000 square foot casino floor, equipped with 45 table games, and 2,000 slots. The casino visitors will also find there two hotels, seven restaurants, a business centre, a spa, retail shops.

Texas Holdem Beginners’ Guide

Together with the terrific increase in popularity of online poker games and Texas Holdem Poker in particular, millions of new players are attracted to numerous online poker rooms. The majority of these players have already had a certain experience with home and casino games, but they definitely are inexperienced newbies in comparison to winning Texas Holdem pros, frequenters of the web’s most crowded poker rooms. Although all widely televised Texas Holdem events, such as World Series of Poker and World Poker Tour attract millions of new players, promising great entertainment and huge earnings, you mustn’t believe everything you see on TV.

If you watch one of those thrilling Texas Holdem games, where some average player grabs an incredibly huge pot and feel ready to deposit half of your monthly income to repeat his exploit, then you’re already on the slippery way to bankruptcy, or at least serious losses. Remember that some of the TV plays are hopelessly bad and that everything shown on TV is just a show after all. They show you a lucky guy, who won his million at ease, but they won’t tell you how many months he spent learning Texas Holdem strategy, practicing tricks and improving his play. I just try to say that if you are planning to become a winning Texas Holdem player, you need to pay attention to your knowledge and skills, not TV.

First of all, poker hands you see on TV don’t exactly represent what makes a Texas Holdem player really strong. Each of the world famous super stars spent months studying and practicing the fundamentals of Texas Holdem poker and keep improving their skills even now, when they have already became top-ranked poker professionals. They devote the majority of their time to study new things and improve their knowledge and practical skills.

Although Texas Holdem seems to be a very simple game, it has a number of shades and niceties, which are as important as knowledge of basic tactics and rules. They aren’t very flashy, but they must be studied and continually mastered before you can consider yourself a real professional.

The essential skills required for a steady and successful Texas Holdem career are:

1. Discipline. No skills and luck matter if you aren’t patient and disciplined. Each stage of your Texas Holdem career requires both – starting from the patience, when you study and up to strict discipline, when you play.

2. Knowledge and understanding of the betting structure and all the ensuring consequences. You must know how to steal the blinds from your opponents and you must be able to protect your blinds, you must learn to build a pot encouraging your opponents to bet and you must be aware of pot odds and much more, because all ring Texas Holdem game concepts appeal to betting.

3. Learn all specialties and niceties of different types of Texas Holdem poker. The majority of televised Texas Holdem events run No-Limit Texas Holdem, which is slightly different in comparison to Limit Texas Holdem, but although these are two branches of the same game, many tactics and tricks applicable in No-Limit Texas Holdem tournaments are simply useless in Limit Texas Holdem ring games.

4. You must perfectly know good starting hands and hands worth to call and raise with. Tight play implies folding the majority of hands you get dealt with, but in the long run tight players always dominate their loose opponents, even though loose players may seem to be winning more games.

5. Finance and money management. You must know how to manage your bankroll and how much money you need to enter a certain game.

Study the basic fundamentals of Texas Holdem and move on improving your skills and earning your first money using your brain, not luck. Going this way, you will quickly feel the real value of knowledge and skills and see their efficiency and advantage over luck and loose play.

Bulgaria Considers Online Gambling Regulation

Bulgarian authorities are considering regulation and online betting taxation as hundreds of millions of dollars leak through online gambling sites untaxed. The current revenues from legal gambling in Bulgaria amount to $520 million whereas another $440 million is believed to be gambled illegally and outside the tax net.

The measures under consideration will enable the sports totalisator to compete for new markets, develop new types of online games and “secure its future development through partnerships with private companies”. Besides, regulation of online betting will allow the nation to impose taxes on income from Internet gambling.

There is an opinion that state-owned gambling companies are the ones to benefit from regulated online gambling, as for the private firms they will be relatively cash-strapped as total disbursements will come in at over 85%of revenues.

Would US Poker Fans be Able to Play Online?

Alfonse D’Amato, the chairman of the Poker Players Alliance (PPA), speaking at the Global Gaming Expo (G2E) in Las Vegas claimed that online poker (before other internet casino games) would be made legal in the US within two years. Terrence Lanni, chairman and CEO of MGM Mirage, Gary Loveman, chairman, CEO and president for Harrah’s Entertainment and Andre Wilsenach, CEO of the Alderney Gambling Control Commission support Mr D’Amato.

Still, the common opinion is that there is little player protection as long as the US ban on online gambling keeps reputable organizations from regulating.

The former Senator’s predictions are based on pending sanctions by the World Trade Organization following the government’s current policy on internet gambling. Any sanctions ensued could affect non-gaming corporations.

New CEO and Finance Director of Zone4Play Ltd

Ronen Stein has been recently announced to be a new Chief Executive Officer and Finance Director of Israeli online gambling technology company Zone4Play Ltd. The former CEO, Uri Levy has resigned.

Stein is to take over the roles of Chief Executive Officer and Chief Financial Officer for the Tel-Aviv-based provider of cross-platform casino games, tournament solutions and participation television services for interactive gaming service providers.

Stein previously worked as the Chief Financial Officer for Pointer Telocation Ltd – a provider of services to insurance companies and car owners. Before that he had worked as the Chief Financial Officer of Rada Electronic Industries.

Three-dimensional Poker at Ladbrokes.com

Now, Ladbrokes.com’s customers can enjoy the latest three-dimensional virtual reality poker where the three-dimensional avatar displays the same human-like movements that have been developed for video games.

With the feature described, players can still play on any table but now with the option of playing three-dimensionally. And it’s not the only advantage. The new service will also make it possible for the players to speak to each other “using voice over Internet protocol (VOIP) as well as existing text chat”. It cannot but enhance their online poker experience. Besides, the new service enables players to develop “their skills by using interactive tutorials and a practice mode with advice and tips from online poker experts”. At the same time, three-dimensional players will have access to the same poker tournaments and cash games as the other players.

Ladbrokes.com is proud of being the first site to go “virtual”.

Will Earl’s Casino be a Success?

Having opened a casino-hotel in Las Vegas, Planet Hollywood co-founder Robert Earl is coming back after having been filed for bankruptcy and loss of friends nearly a decade ago.

Earl bought the bankrupt Aladdin casino-hotel in 2004. By that time his own holdings had fallen by $1 billion as the restaurant company he built filed for bankruptcy protection again in 2001.

Business at the Aladdin casino-hotel collapsed following the terrorist attacks in New York and Washington, D.C., in 09/11/2001. Now, it’s got another brand – the Planet Hollywood Resort & Casino. So, you’ll hardly find there any Middle Eastern Motif.

It has become known that the casino property is still losing money. The loss comes to $15 million in the quarter. Despite it Earl claims that he and his partners have already doubled their investment – at least on paper. The inexpensive purchase turned out to have taken place just at the right time.

Earl promises not to repeat his mistakes. Just one change at a time and no quick expansion, though he is already planning another Planet Hollywood casino, in Atlantic City, N.J., and yet another in Macau.