Amaya Receives Danish License for FullTilt.dk

Former Full Tilt Pro ‘Great Dane’ Gus Hansen: Amaya will launch the new shortly FullTilt.dk platform in Hansen’s native Denmark.

FullTilt.dk will launch in Denmark, having been granted a license to offer poker and casino games from the Danish Gambling Authority (DGA).

PokerStars has been operating licensed gaming within the nation since the beginning of 2012, well before Amaya Inc acquired the two poker sites from the Oldford Group.

This represents simply the second time that Comprehensive Tilt specifically has been issued a permit under Amaya, and the very first time it did therefore so as to enter a territory that is new.

Both Comprehensive Tilt and PokerStars were issued licenses by great britain Gambling Commission earlier this but both had been operating in the UK long before year.

The licenses became a requirement to use in the UK under the new gambling that is online which arrived into force during the start of 2015.

The latest gambling work stated that operators had to be taxed and licensed in Britain in order to activate with all the market that is british. Formerly, both web sites’ licenses were from the British white-listed jurisdiction the Isle of Man have been fit for purpose.

Market Expanding

Interestingly, Amaya has declined to obtain a license in Spain, a stuttering, ring-fenced market dominated overwhelmingly by its big sister site. Denmark’s online gambling market, having said that, has been a success story itself up to foreign operators at the beginning of 2012 since it chose to break the state monopoly and open.

The DGA recently announced that in 2014 online gaming operators had garnered $400 million in gross gaming revenue, representing a 20 % surge on the previous year, and 40 percent on 2012 revenues.

This, despite a punishing tax regime that slaps a 28-percent corporation tax, and a 20-percent gross gaming revenues income tax, on operators. Amaya, nevertheless, clearly sees the potential in the market despite the headache that is fiscal.

Access to Global Player Pool

‘we are excited that Danish players are now able to play both poker and casino games on Full Tilt,’ said Full Tilt Managing Director Dominic Mansour. ‘Danish players are able to create their stories on Comprehensive Tilt and vie against players from around the global world.’

While Danes will play on the .dk platform, the player pool shall be the same as .com and co.uk, offering them usage of the worldwide player base.

Denmark recently received approval from the European Commission to amend its video gaming law, using a revenue-based taxation differentiation that will increase charges for operators whom generate over $16 million per year, while decreasing costs for people who cannot.

There will also be brand new measures to combat cash laundering and to manage and license fantasy sports operators.

666Bet and Metro Play Begin Customer Payback

Troubled online casinos are attempting to repay their debts to customers, nevertheless the UKGC warns that some may have to pursue them through the courts. (Image: bonuscasino.com)

666Bet and Metro Play have started to repay their clients.

A ‘significant quantity’ of previous players during the troubled online casinos have had their balances refunded via a Skrill account, according to a statement from Metro Play Ltd, which operates both internet sites.

However, the ongoing company also warned that withdrawal requests received after a May 24 deadline would ‘not be processed.’

The company was forced to create a statement through the UK Gambling Commission (UKGC), because, it said, it ended up being presently struggling to send emails to its clients.

Whilst the UKGC agreed to publish the statement, it emphasized that it could not guarantee its accuracy.

666Bet Metro Play had their licenses revoked unexpectedly by the UKGC on March 19 for reasons that are nevertheless unspecified, causing consternation amongst their customers, most of whom are based in the united kingdom. The regulator simply stated that the company was ‘unsuitable to carry on the licensed tasks.’

Arrest of Paul Bell

Immediately after, one of Metro Play’s directors. Paul Bell, was arrested in London in terms of a £21 million ($31 million) fraud and money laundering investigation.

The stockbroker that is former released by police before being re-arrested the next day whenever he arrived regarding the Isle of Man by private jet.

The UKGC claimed that no restrictions was indeed placed in the withdrawals as a total outcome for the license revocation, and yet customers were not able to access their funds.

Metro Play denied that the licensing issue had been related in virtually any means to Bell’s arrest, and eventually issued the following explanation for the freeze on withdrawals, via its Facebook page.

‘ Although the UKGC have stated that we don’t require a permit in order for customers to withdraw their money and authorized us to complete so, this is misleading because it does not recognize the fact that, as being a web-based company, we must be online to be able for customers to action their withdrawals via their accounts.’

Customers May Have to Sue for Funds

Metro Play said that its efforts to have back online had been being hampered by the https://myfreepokies.com/bier-haus/ fact that an amount of third-party providers had immediately suspended or contracts that are cancelled company in the light associated with the UKGC’s actions, and this included re payment providers.

‘As we now have only skeleton staff in position, we’re unable to offer regular updates or to answer individual customer queries as of this time, all our efforts are focused on enabling and processing refund requests,’ said Metro Play.

The UKGC issued the following advice: ‘As with any other commercial transaction such as buying consumer goods or entertainment, consumers enter into a contract with the operator when placing a bet for those players who miss the May 24 deadline.

‘We understand that Metro Play Limited are doing all they may be able to honour their debts, but once the deadline has passed away clients has the normal legal remedies for debt recovery in the courts, under the terms and conditions of their contract with the operator.’

The pursuit of small balances through the courts, needless to say, will be unprofitable for the majority that is vast of, which implies that Metro Play may well get away with daylight robbery.

IGT Revenues Down In Q1, While GTECH Sees Growth

IGT and GTECH are within the process of integrating their businesses, and the merger has yet to produce revenues that are new. (Image: IGT/Landor Associates)

International Game Technology is in the process of completely integrating the two companies that merged together to make it: IGT and GTECH.

That means you will never truly evaluate how well the merger is going at the time of yet, nevertheless the numbers that are first come out of the companies could possibly be viewed as slightly disappointing.

The old IGT saw its income drop by 22 percent in the first three months of 2015, as growth in the interactive gaming market wasn’t enough to offset losses in video gaming operations and revenue.

Meanwhile, GTECH saw revenue pick up slightly, as lottery services plus some beneficial changes in currency exchange rates allowed the company to take in about four % more for the quarter.

Overall Revenues Down, But Merger Nevertheless in Early Stages

Considering those two companies as one company shows a overall loss for the new, combined IGT. Overall, revenues arrived out to €1.164 billion ($1.32 billion), down about six percent compared to the companies’ combined operations year that is last.

This isn’t likely to concern officials who are working to incorporate the two organizations, but, since the merger should help cut costs ultimately and improve synergies between the two brands.

‘We had a solid quarter that is first GTECH operations, continuing to run the underlying business efficiently and profitably, on top of that even as we had been completing a transformative merger,’ stated Marco Sala, CEO for the new IGT. ‘ We had been prepared to introduce the integration from one, focusing on revitalizing our R&D capabilities. time’

The latest report should be the final one in which GTECH and IGT financials are reported separately. Beginning within the second quarter of 2015, the two will begin sharing results as a combined firm.

Consolidation Causes Closure of Manufacturing Plant in Rhode Island

Behind the scenes, there are already lots of indications that the 2 companies are working towards consolidating their resources. As soon as the merger ended up being announced, there was talk about doing more manufacturing out of a facility in Reno, Nevada.

That appears to have caused the closing of a GTECH production facility in Coventry, Rhode Island.

That closure will result into the loss of jobs for 44 employees as the manufacturing jobs move out to Reno, with some workers being offered transfers to Nevada.

However, a number that is similar of workers at that plant will keep their jobs, moving to a center in West Greenwich Rhode Island alternatively.

According to Angela Wiczek, vice president of corporate communications for IGT, Rhode Island will still remain a hub that is important the business.

‘ As these working jobs re-locate, others will move in,’ said Wiczek. In accordance with her, IGT stays committed to maintaining about 1,000 workers in Rhode Island.

The $6.4 billion merger between IGT and GTECH was completed month that is last. The companies said they likely to achieve about $250 million in financial savings through the merger, and though it absolutely wasn’t immediately clear how they would do so, consolidation did seem likely.

‘My message is, Reno is going to be our manufacturing harbor for the gaming component of our company,’ Sala told the Reno Gazette-Journal when the merger was announced.

In addition to your closure in Rhode Island, one plant in Canada will now be properly used as office space alternatively, while a center in Austria is anticipated to shut, eliminating about 30 jobs in the process.