Online Gambling News all over the world 6.8.2009

06.08.2009, Gamynia Buys the World Poker Tour / EntroPay a New Online Gambling Financial Service / Gala Coral Online Gambling Dismisses Report / Paypal Accepting Online Gambling Business / Online Gambling by the Book

Gamynia Buys the World Poker Tour
World Poker Tour Enterprises has been bought by Gamynia Limited, a private investment group, pending the approval of current stockholders, for $9.075 million USD. The company will also receive an undetermined percentage of future Gamynia earnings from the WPT and Professional Poker Tour brands.

The President and CEO of WPT Enterprises, Steve Lipscomb,said of the deal, "We believe this transaction will enable the World Poker Tour to realize its full potential across both its existing businesses and the lucrative online gaming market," he added, "Gamynia and its partners possess highly complimentary resources which will help it invest in and effectively integrate with the World Poker Tour efficiently and profitably."

Hardway Investments, will be involved in providing direction for the online gaming side of the business and according to Lipscomb it was this aspect of the deal that would help the shareholders approve the deal. Lipscomb stated, "Of particular importance for our partners is the fact that Hardway Investments has an established track record of creating revenues and value in the online gaming marketplace. We should benefit for many years from our participation in those revenues streams. After the transaction, WPTE will move forward under a new name and will employ our cash in a new venture by developing a new business or combining, through one or more strategic transactions, with companies that have significant unrealized value or growth potential."

Hardway’s existing clients include some of the internet gambling industry’s big names such as Playtech, Casino Tropez, Titan Poker, and Europa Casino. It also works closely with the affiliate group Euro Partners. Based in Antigua it will offer a great deal of internet gambling experience to the WPT brand. The parent company of the WPT has a plan to use the revenue generated by the sale for business ventures that are not related to poker.

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EntroPay a New Online Gambling Financial Service
A unique new service in the finance department for online gambling customers is being offered by Entropay. It is just a little confusing sometimes trying to figure out which is the most convenient and least expensive way to handle payments when playing at your favourite online casino or poker room. Many online operations offer the usual payment methods such as credit cards like Mastercard or Visa while there are a host of other less traditional methods such as NET-Teller, Moneybookers, or now even PayPal.

Most companies will ensure the safety of your personal information and guarantee your transactions, although they each have different transfer fees and time lines for payment. Some are credit based yet others make the opening of an online account necessary.

The EntroPay Virtual Card is the first provider of a virtual prepaid card in Europe. The new service offers instant pay-outs to customers. It works well in many countries across borders, without any currency conversion issues. It does not charge transaction fees, apart from a $6 fee. An EntroPay Virtual Card may be used online wherever VISA is accepted. Customers can move funds from their EntroPay account into their personal bank accounts and then still have the ability to obtain an EntroPay debit card which then can be used at ATMs and many retail outlets. All this means that you can put money into a casino account without submitting any of your personal information, which makes this a secure option.

EntroPay is certified by the Financial Services Authority of the United Kingdom (FSA). Ixaris Systems Ltd. has been granted certification by the UK Financial Services Authority (FSA) as a small e-money issuer. FSA regulation means that EntroPay must comply with all the regulatory requirements.

Online casinos find that Entropay is beneficial for them as well. Head of Sales and Marketing at Cashcade, Ben Starr, said, "Previously we had to create several hundred payments per month, a process that was very time-consuming. It was also unpopular with some overseas-based affiliates that found receiving UK payments costly. EntroPay's virtual prepaid accounts will save us considerable resources whilst also allowing us to improve our affiliate satisfaction levels through a flexible global solution."

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Gala Coral Online Gambling Dismisses Report
Rumours are not rumours usually when facts are reported by reputed newspapers. What are people to believe if you can't trust what is in the news. Well this is the case of the news presented regarding the possible sell off of Gala Coral printed in the Observer news in the U.K. The principals of the Gala are strongly dismissing any such move. Gala Coral Group says that the article was based on speculation and is not in fact true. Gala Coral Group's management has stated that it's assets are secure with a 200 million GBP reserve fund and that debt is being managed on schedule.

Mr. Neil Goulden Chairman of the Board for Gala Coral Group is said to be 'incensed' by the reports by the Guardian and the Observer newspaper reports. The inaccuracy was acknowledged by the offending company Global M&A with an apology being issued to Mr.Goulden by the Global M&A chairman. Assurances were made by the Global M&A chairman that this will not happen again and speculative articles will be curtailed. The document in question was put forth by the Royal Bank of Scotland after being prepared by Global M&A it was apparently not discussed with Gala Coral's executives or their lenders.

Goulden has issued critical statements regarding the inaccuracies presented by the Royal Bank of Scotland's lending division. At the same time Mr. Goulden was praising the RBS as being supportive and even constructive. In today's world we are constantly looking for original information that is truthful and accurate. Whether it's the photoshop enhanced picture of a model on the cover of a magazine or the facts presented via a reputable news source we are all subject to a situation where the truth may be just fiction. Mr. Goulden may be incensed by the report being inaccurate and misleading but at the same time his company is in the news and all news is advertizing so it may just pay off in the long run.

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Paypal Accepting Online Gambling Business
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Things are warming up in the online payment processing business. Probably one of the most risky of ventures in the online gambling world, financial services are a target for governments enforcing their various online gambling control measures, by freezing or seizing the money transfers. PayPal as of July 2007 has offered it's services across Europe, operating as a Luxembourg based bank. Paypal prior to this move, had been registered in the UK as Paypal (Europe) Ltd as an electronic money issuer. PayPal became a wholly owned subsidiary of the American based company E Bay in October of 2002.

The firm has reversed it's policy recently of not accepting online gambling business in Europe. The new approach has opened the door just a crack for the company to get it's foot in the door in the U.S.A. market should it become available soon. Presently U.S. players are still excluded from the service, but Paypal is using its payment processing services once again to transfer online gambling payments in the U.K. The processor, which allows a nearly instantaneous transfer of money from one account to another, now accepts online casinos and bingo sites.

Paypal will process payments for Award winning Internet casino 32Red, a gaming company listed on the London Stock Exchange. Some UK online bingo sites have also adopted Paypal as a payment method. Paypal assures players of secure transactions, without having to release bank account or credit card numbers which is very appealing to online gamblers world wide.The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. PayPal is an example of a payment intermediary service that facilitates global e- commerce. E Bay's corporate headquarters are in San Jose California USA. with the company also having significant operations in Texas, Omaha, Nebraska, and Arizona in the states and in India, Ireland, Germany, and Israel.

Paypal is following the trend in Europe of companies warming up to the online gambling world. Google being another example of a businesses reversing it's policies against the acceptance of online gambling operators.

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Online Gambling by the Book
Any of the latest books on online gambling, gambling in general or playing poker to win are good investments for the would be wagerer. Online gambling portals are of course a lot more substantial when it comes to really learning specifics and reading reviews on casinos and software providers. When it comes to those who still like print there are some good reads on online gambling to be had. Starting out as a novice online gambler getting ones feet wet with a primer book on the subject seems to help break the ice and get those gaming motors running. One starter book to consider is the Insider's Guide to Internet Gambling or Your Sourcebook for Safe and Profitable Gambling by John G. Brokopp. from Bonus Books at 160 pages. Although much has changed in the online gambling industry since 2001, this book nevertheless is a worthwhile contribution to the literature and offers advice and techniques, which still apply today, for ensuring a safe and enjoyable internet gambling experience. While it might not be the best book to buy if you're only looking to purchase just one book concerning online casino activity, it remains a useful and informative read.

Angus Dunnington's Gambling Online from D & B Publishing at 140 pages certainly is a valuable addition (if not a must-have) to any 'online gambling' library, Dunnington's book explores and comments upon the vast changes that have occurred in the industry over the past few years. Full of advice for beginners to pros, this text is definitely useful for anyone who spends the majority of their time gambling online as opposed to its live counterpart.

And if your passion is online poker of your just interested in mastering the game Doyle Brunson's Online Poker Your Guide to Playing Online Poker Safely & Winning Money published by Cardoza at 192 pages, may be just the ticket.

This book from a 2-time World Series of Poker champion, with information that applies exclusively to online poker. This book offers a recent, thorough, and extremely helpful analysis and description of the game as it's played in its online variety. It's an excellent book for beginners and pros alike. So if the book gets you going then go online and seek a good reputable gambling portal like online-casinos.com and play like the best.

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