Rank Group Buys Gala Coral

May 15th, 2012

Rank Group and Gala Coral have finally come to an agreement over its acquisition deal. After months of negotiations, Rank Group withdrew its bid for the UK-based casino operator. Now, just days after resuming negotiations, the two companies have signed a deal.

Rank Group will purchase Gala Coral for £205 million, £45 million less than the original bid that was made earlier this year. The company will take over 23 of Gala Coral’s existing venues, bringing its total up to 58. As such, Rank Group will own the most casinos in the UK out of any other operator. This is a huge success for the company, no other casino operator comes close in terms of venues owned.

The deal fits perfectly within Rank Group’s plan to expand its latest brand of casinos. G Casinos is a new undertaking from Rank Group that will provide more than gaming at its local venues. Rather than simply offering a gaming floor, G Casinos will also include posh bars, nightclubs and restaurants. With this new brand of casinos, Rank Group hopes to attract a more diverse demographic to its gambling venues.

Rank Group and Gala Resume Talks

May 11th, 2012

It was just two months ago that Rank Group had decided to withdraw its bid for Gala Coral – but the company does not seem to want to go down without a fight. According to the Financial Times, Rank Group and Gala Coral have resumed their talks and are negotiation another potential acquisition deal.

When Rank Group first bid on Gala Coral, the company was not looking for buyers. Ranks £250 million bid seemed to have some out of nowhere, and Gala had a difficult time decided how to go about the situation. After two months of waiting, Rank withdrew its bid.

Now, the two companies are back at the table, actively negotiating a deal. It seems to be in the best interests of both companies, as Rank wants to expand its reach across the UK while Gala’s profits continue to wane.

It helps that Rank is in the process of rebranding. The company wants to broaden its target demographic by offering more than simply gambling; Rank wants to offer a wider range of entertainment options to draw in a larger audience.

Leeds United Wants to Open A Casino

May 9th, 2012

Football clubs across the United Kingdom are always looking for new ways to increase revenue. In need of cash to fund their expensive trades and player acquisitions, various teams across the country have opened up hotels and other venues. Leeds United FC is now looking to go a similar route, by applying for a casino license.

The new casino will be hosted in the LUFC stadium, spread out over two floors. It will be one of 8 ‘large’ casinos in the UK, but several operators are fighting for the license. They include: Grosvenor Casino and London Clubs International.

“The potential of the casino coming to Leeds United is an exciting one and fits perfectly within our business plan of increasing revenue streams on non-match days,” says Leeds United CEO Shaun Harvey.

LUFC is also looking for an operator to partner up with, as the team will not be operating the casino on its own. While casino will be owned and branded by the club, Leeds United wants to enlist in the help of another company that will actually manage the new venue.

Betfair Obtains German Gambling License

May 7th, 2012

The German state of Schleswig Holstein has recently opened up its online gambling market to international operators. Being the only state in the country to license operators from other countries, operators from across Europe are vying for the opportunity to become regulated in Schleswig Holstein.

Betfair has become the first internationally-based company to receive an online gambling license in the state. The only other operators to receive online gaming licenses are the state lottery and gaming operator Jaxx AG – both locally-owned and operated companies.

According to estimates, the German gambling market is estimated at being worth about £4 billion. Betfair will have to pay a tax equaling 20% of its earnings, which is likely to amount to £3 million over the course of one year.

This marks an impressive success for the UK’s gambling market, as Betfair is based in England. Other gaming companies in countries closer to Germany applied for licenses and Betfair beat out the competition by a mile. Over the course of the next few weeks, Schleswig Holstein will award licenses to in other areas of online gaming, including poker and casino games. Betfair has also applied in these categories.

Avengers Promo at InterCasino

May 4th, 2012

InterCasino is best known for its large collection of Cryptologic-powered Marvel slots games. So, most of the casino’s promotions focus on these games – and this time, things are no different. The latest promotion from InterCasino features the four superheroes that make up the Avengers: Thor, Captain America, The Hulk and Iron Man.

The promotion is a slots tournament called “InterHeroes Assemble”. By playing each of the four Avengers slots games, players earn comp points and climb a leaderboard. There are two parts to the promotion, the first of which awards at £1000 grand prize and the second of which awards a £1200 grand prize.

To enter the comp, all you have to do is deposit £25 and enter the bonus code (‘MARV’ for the first half of the promo and ‘VEL’ for the second). Then, get to playing one of the four slot machines available! Each promo period, two games are featured, offering double comp points for players. Until May 9th, Captain America and Thor are the featured slots.

This seems to be the perfect time to launch a promotion based on these four slots. The Avengers is out today in most countries around the world. So, ‘InterHeroes Assemble’ is a great tribute to what is expected to be the blockbuster hit of the summer.

PokerStars Launches 80 Billionth Hand Promotion

May 2nd, 2012

Poker Stars is nearing is 100 Billionth hand, and the online poker room is celebrating various milestones along the way. This week, PokerStars has launched a promotion counting down to its 80 billionth hand, awarding players generous cash prizes during every millionth hand.

The promotion started this week with hand number 79 700 000 000. Since then, dozens of prizes have been handed out worth thousands. All players who take part in every millionth hand receive a cash prize based on the number of VPPs they have accumulated. All participating players have their VPPs multiplied by $60 while the winner of the hand gets the same prize – only doubled.

PokerStars also gives players some advice for maximizing their chances of winning. Firstly, the operator advises players to multi-table. Player lower stakes at more tables at once, so you can increase your chances of taking part in a milestone hand. Players are also advised to play a looser strategy in order to earn more VPPs.

This is a very exciting promotion for PokerStars, as it marks the company’s place as the leader in online poker. Over the course of the past year, the company has seen a great deal of success, as many players from around the world have chosen the site as their preferred online poker room.

UK Sees Increase in Student Gambling

May 1st, 2012

A recent report in Young Academic, a publication produced by the University of Staffordshire, the UK is seeing a significant increase in the number of students who are taking part in gambling activities. The report claims that the reason behind this increase is the rising rate of tuition for universities and colleges across the country.

Young Academic states that tuition for students can be as high as £9000 per year, and living expenses are also on the rise. As a result, many students are looking for new ways to increase their income to cover these costs – and gambling has emerged as a popular solution.

That’s why you’ll find clubs across the country full of young men and women nowadays. Many of them are there to try to put themselves through university. In some cases, students gamble their savings away while others see so much success that they end up leaving university.

The report also notes other popular reasons that cause students to turn to gambling. Depression, boredom and loneliness top the list, as students see gambling as a comforting leisure activity. However, this is an unhealthy perspective, as students should be encouraged to look at gambling from a realistic perspective, seeing the downside of the activity an the negative impacts it could have on their futures.

Wayne Rooney’s Dad Cleared in Betting Scandal

April 27th, 2012

Wayne Rooney Sr., father of the Manchester United striker, was cleared of all betting crime charges, after being arrested last year on suspicion of taking part in one. Mr. Rooney was arrested along with several other men who were suspected of attempting to fix a game, but local authorities have announced that no further action will be taken.

This all started in October 2011, when Mr. Rooney and nine other men were arrested on the suspicion that they had attempted to make fraudulent bets on a game that took place in 2010 between Motherwell and Hearts.

The Gambling Commission decided to launch an investigation into the situation after members of the British Bookmakers Association claimed that they had seen suspicious activity relating to this particular match. The ten men were brought up on charges but released on bail as the investigation into the issue continued.

Fortunately, for all of the men involved, the UK Gambling Commission did not find any more evidence. As such, the ten men who were allegedly involved in the crime were cleared of all charges.

Full Tilt in Talks with Poker Stars

April 25th, 2012

Rumours are circulating on the internet that Full Tilt Poker is in talks with Poker Stars over a possible acquisition deal. Just days after Groupe Bernard Tapie announced that it would no longer be working with Full Tilt, it seems that Poker Stars jumped at the opportunity to acquire its former rival.

While they are just rumours at the moment, they do seem to have some clout. The Wall Street Journal recently confirmed that a source let them in on some of the details, explaining that PokerStars would purchase Full Tilt and pay off its players – who are owed an astounding $300 million in winnings and deposits.

This was the stipulation that Groupe Bernard Tapie had trouble with. The American Department of Justice wanted the company to repay players within 90, but the French investor could not make that promise. However, if Poker Stars is negotiation with Full Tilt, it would seem that the online poker giant is prepared to undertake this responsibility.

The online poker would is excited for the return of Full Tilt Poker. Even with its tarnished name and reputation, it still remains one of the best online poker sites in the world. Although the site’s return may experience a slow state, we anticipate most players will be thrilled.

Everybody’s Progressive Slots from PlayTech

April 24th, 2012

Everybody’s Progressive is an innovative new slots game from PlayTech. Allowing players to earn progressive jackpot prizes even when they’re not online, this game is expected to draw a lot of attention from jackpot hunters and slots fans from across the online gambling universe.

To qualify for the progressive jackpot, players must wager £50 during the 24-hour period before the progressive jackpot is hit. When someone hits the jackpot, the player who does so earns 70% of the prize while the rest goes to players who qualified to share in the progressive jackpot. Their payouts are determined based on how much money they had wagered in the previous 24 hours.

Everybody’s Progressive is still quite new, but the jackpot is climbing rapidly. Being the first online slots game to support multi-player capability, Everybody’s Progressive jackpot climbs quickly, so the prize is expected to be worth hundreds of thousands of pounds the first time it is hit.

This is PlayTech’s first new online slots game in quite some time, and it seems to have been worth the wait. With a unique and innovative format, Everybody’s Progressive is expected to be a big hit this year among online casino players.