Casino Watch - June 2003

22 May 2003
Popularity of WSOP Attributed to Online Gaming

The World Series of Poker, set to conclude this weekend at Binon's Horseshoe Hotel and Casino in Las Vegas, saw a record number of players for this year's event, and many attribute the success to Internet gambling.

A record 839 players registered for the marquee event, No Limit Texas Hold'em. That means the total purse is also a record--$7.8 million--and the top prize of $2.5 million to the winner is a new high.

By Friday, the tourney will be pared down to the final table of nine, who will duel it out for top honors.

This year many poker Web sites contributed to the tournament by either conducting tournaments of their own, where winners had their $10,000 entry fees into the tournament paid, or used the WSOP as a major marketing event.

Leading the way was PokerStars.com, which sent 37 players to the championship event. Only Binion's, the host of the event, sent more.

One of the site's qualifiers had amassed more than $100,000 chips after the second day of the event and was in 26th place.

Supreme Odds Ltd. Chooses Chartwell to Supply Gaming System

Supreme Odds Ltd., a division of Leisure Spread Limited, inked a deal with Chartwell Technology this week that will see Chartwell provide Supreme with its non-download Flash-based online gaming system.

Since its inception in 2000, Supreme Odds has distinguished itself as a "high roller-friendly" operation. The Irish company is a registered telephone and Internet gaming operator and is known throughout the Irish sports betting community for accepting higher-than-average bets at extremely favorable odds.

As part of the deal, Chartwell has developed a suite of games for www.supremeoddscasino.com.

Victor Chandler Adds Bingo to Gaming Site

Boss Media announced a deal with one of its biggest licensees, Victor Chandler Worldwide, in which the software supplier created VictorBingo.com for the U.K.-based gaming group.

VictorBingo.com is a Web-based software client, developed in Flash, with GBP as the base currency. Players can choose between two bingo games and at the same time play different instant games, like slot machines and scratch tickets.

Boss Media's strategy over the past year has been to establish a strong position in the British market, where the combination of player interest, Internet penetration and the favorable legal climate makes it the most interesting market in Europe, according to company officials.

VIP to Launch New Affiliate Software

VIP Management Services has announced the forthcoming launch of its new affiliate software system.

VIP said the current system was a tremendous success back in the early days of the Internet, but the group decided to take it to the next level in affiliate marketing. The new software is designed to take advantage of extensive knowledge and research into what successful Internet affiliates need from a gaming company.

The new site will accommodate multi-tier affiliates, enabling affiliates to sign up fellow affiliates under them and make commissions from their sales as well as their own. Also a key part of the new suite is the ability to have multiple campaigns tracked with multiple merchants managed by VIP.

World Gaming Completes Formation of New Board

World Gaming plc announced a new board of directors consisting of James Grossman, a San Francisco-based attorney, who will serve as chairman; Daniel Moran, World Gaming's CEO; David Fleming, the company's CTO; Clare Roberts, the company's Antiguan counsel; and Victor Collins, a U.K.-based financier. The board also selected Daniel Moran as the chief executive officer.

Moran has over 15 years of international business expertise, primarily in the technology and Internet sectors. Most recently he was the managing director for Sportingbet Australia. Moran has a broad range of technology-related experience through his software and I-gaming companies, his entrepreneurial endeavors and with corporate giants such as Motorola.

The restructuring was done in conjunction with Sportingbet, World Gaming's largest licensee, buying nearly 20 percent of the company.