BACK AND FORTH The owner of Nextpoker, Abbantina Malta Ltd., has released a statement denying Ongame Network’s recent claims that Nextpoker made "repeated rakeback violations" and was therefore excluded from its network. The claim, the poker site said in a prepared statement, is “totally false.”
The group says it is considering legal action as a result of Ongame’s Nov. 3 announcement.
“Nextpoker launched on Ongame in the summer of 2007 in the hope of joining a major, rakeback-free, network,” the statement said. “It soon became clear that Ongame was far from rakeback-free.”
Abbantina Malta alleges that Ongame operators continue to “offer rakeback to end customers through special agreements with Ongame, and at the same time, a vicious bonus war had broken out, pushing down the margins of mainly small and medium size operators on Ongame.”
Ongame is owned by Bwin Interactive Entertainment A.G.
ARE YOU THERE GOD? Since September, Paddy Power has been accepting bets on whether or not proof that God exists will be uncovered, reports The Telegraph.
The Dublin-based bookmaker began taking bets, which are now at four-to-one, to go along with the Large Hadron Collider, the world's largest and highest-energy particle accelerator, which has been turned on to find the “God particle.”
According to The Telegraph, Paddy Power could doll out more than £50,000 if proof of God is discovered.
REPORTING WPT Enterprises Inc. announced that its third-quarter revenues of $2.8 million have dropped $1.6 million compared to last year’s results, which reported revenues at $4.4 million.
According to a prepared statement, company attributed the loss to a decrease in domestic television license fees and lower domestic sponsorship fees. Domestic television license fees decreased from $1.4 million to $900,000, while international television declined from $490,000 to $286,000.
On the flip side, WPT saw a slight gain of $31,000 in online gaming revenues.
Net loss was posted at $4.4 million compared to $2.2 million in the same period in 2007, which included a $1.9 million non-cash asset impairment charge related to an investment in Cecure Gaming.
FOLDING? Ladbrokes will not be distributing its quarterly publication “Close Up” this winter, according to Brand Republic.
The betting magazine was reportedly put on hold so the London-listed bookmaker could consider cutting back on production or axing the customer-distributed magazine all together.
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