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Legalized online gambling in the U.S. is now a case of 'when', not 'if', Bwin.Party Digital Entertainment PLC (BPTY.LN) Co-CEO Jim Ryan said Wednesday, adding that he expects the foundations to be laid this year.
But speaking at the ICE online gambling conference in London, the co-chief executive advised that establishing it up will take time.
The process of passing legislation, drawing up regulation, vetting and licensing operators will likely last through 2012, he said, and he speculates that actual operations likely won't happen before next year.
Partygaming, which last year merged with Austrian peer Bwin to form Bwin.Party Digital Entertainment, along with other European operators withdrew from the U.S. market in 2006 shortly after then-President George W. Bush signed a bill designed to prohibit U.S. banks and credit card companies from processing payments to gambling websites.
Partygaming paid a $105 million fine as part of a non-prosecution deal with the DOJ (Department Of Justice) in 2009, for admitting indirect contravention of US law, but in anticipation of a relaxation of the rules, Bwin.Party last year inked a joint venture with U.S. casino operators MGM and Boyd to operate online gaming if and when it became legal in the U.S.
Ryan's confidence comes after a recent ruling by the U.S. Department of Justice, which clarifies the scope of the Wire Act, a law that in the past has been used stop online gambling sites. The ruling essentially gives U.S. states the green light to allow gambling within their borders, according to online gambling experts.
Still, Ryan said this doesn't mean the company is in line to recoup any of the $105 million fine.
Bwin.Party and its joint venture partners have already applied for a preliminary suitability review in Nevada which will lay the groundwork for gaining a license there once regulation is agreed.
Ryan also told the press the sale process for its Ongame poker network is very advanced and he expects to be able to announce further news in the not too distant future.
He confirmed recent reports that the company is looking for an executive to head up its payments processing division CQR with a view to ultimately taking it public, but said this was several years away.
He said the company wants to expand its online payments operations outside of the gambling sector to build an online merchant market place, increasing the value of this asset and ultimately realising shareholder value by listing it on the stock market.
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Monday, January 30, 2012
Thursday, January 19, 2012
Virgin Casino Releases Andre the Giant Slot Game
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Andre The Giant Hulk Hogan Virgin Casino Virgin Games Richard Branson NextGen Gaming Microgaming Games Casino Wrestling WWE
*sorry, no U.S, Canadian, New Zealand or Australian players. See World Casino Directory
Richard Branson's Virgin Casino announced the release of its latest slot game entitled Andre The Giant this week.
Virgin is in the batch of the first casinos to get this amazing slot game. PartyCasino.com is tipped to also host the pro wrestling themed game.
The new wrestling slot game is a Microgaming flash casino game that is based on the iconic World Wrestling Entertainment star Andre the Giant. It has been launched on the QuickFire platform and is fully licensed by CMG Worldwide.
This 5 reel, 25 pay-line slot game has symbols that revolve around the professional wrestling entertainment genre. Players can wrestle with symbols such as the Andre the Giant logo as the scatter, an image of Andre the Giant acts as the wild and there are additional symbols such as the wrestling ring, championship belt, the mask and tickets.
The biggest pay out a player can win from this game is 5,000 coins and this occurs when five matching symbols appear on the same pay-line. Players can then multiply their winnings by playing a game of Hi or Lo with cards.
The Andre Goes Wild feature round allows the wild symbol to expand to cover all three positions on the reel. This will only occur if the expansion results in a winning combination. The wild symbol only appears on reels 2 and 4 during the game.
If two or more Andre the Giant logo scatter symbols appear on the reels at any one time this will activate a scatter pay out. The scatter pay out for hitting five scatter symbols is 200 coins. If a player hits three or more scatter symbols then they will trigger the Battle Bout Bonus round.
In this round, the player is giving 10 free spins. Throughout these 10 free spins, Attack symbols are collected and saved for the second phase of this bonus round. These symbols are some of Andre the Giant signature wrestling moves. Once the free spins finish, the player then takes the Attack symbols collected into the next part of the bonus round where they pick an opponent to fight and then unleash the Attack symbols on that opponent.
Opponents include Flame Bro, Jimmy Iron Legs and Voltage Van Zandt. No, Hulk Hogan or Jake "The Snake" Roberts are not in the game, but we hear both of these wrestling icons are interested to have their own slot game, and Hogan's wish will be coming soon later this year.
If Andre the Giant hits the opponent then the player wins bonus credits. If Andre the Giant hits the opponent three or more times then the player can select one of Andre the Giant’s finishing moves to win the bout and earn multiple bonus credits.
The Andre the Giant slot game is available to play Virgin Casino right now and Virgin offer some of the best online casino bonuses on the planet so ring the bell!
*Andre The Giant fans may also like The Incredible Hulk online slot. Hulk Hogan purchased the Hulk naming rights to use "The Incredible Hulk" from Marvel Entertainment in a multi million dollar deal approximately 20 years ago.
*Australian, New Zealand and Canadian players - try other Hollywood and branded slot games at PartyCasino.com
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Andre The Giant Hulk Hogan Virgin Casino Virgin Games Richard Branson NextGen Gaming Microgaming Games Casino Wrestling WWE
*sorry, no U.S, Canadian, New Zealand or Australian players. See World Casino Directory
Richard Branson's Virgin Casino announced the release of its latest slot game entitled Andre The Giant this week.
Virgin is in the batch of the first casinos to get this amazing slot game. PartyCasino.com is tipped to also host the pro wrestling themed game.
The new wrestling slot game is a Microgaming flash casino game that is based on the iconic World Wrestling Entertainment star Andre the Giant. It has been launched on the QuickFire platform and is fully licensed by CMG Worldwide.
This 5 reel, 25 pay-line slot game has symbols that revolve around the professional wrestling entertainment genre. Players can wrestle with symbols such as the Andre the Giant logo as the scatter, an image of Andre the Giant acts as the wild and there are additional symbols such as the wrestling ring, championship belt, the mask and tickets.
The biggest pay out a player can win from this game is 5,000 coins and this occurs when five matching symbols appear on the same pay-line. Players can then multiply their winnings by playing a game of Hi or Lo with cards.
The Andre Goes Wild feature round allows the wild symbol to expand to cover all three positions on the reel. This will only occur if the expansion results in a winning combination. The wild symbol only appears on reels 2 and 4 during the game.
If two or more Andre the Giant logo scatter symbols appear on the reels at any one time this will activate a scatter pay out. The scatter pay out for hitting five scatter symbols is 200 coins. If a player hits three or more scatter symbols then they will trigger the Battle Bout Bonus round.
In this round, the player is giving 10 free spins. Throughout these 10 free spins, Attack symbols are collected and saved for the second phase of this bonus round. These symbols are some of Andre the Giant signature wrestling moves. Once the free spins finish, the player then takes the Attack symbols collected into the next part of the bonus round where they pick an opponent to fight and then unleash the Attack symbols on that opponent.
Opponents include Flame Bro, Jimmy Iron Legs and Voltage Van Zandt. No, Hulk Hogan or Jake "The Snake" Roberts are not in the game, but we hear both of these wrestling icons are interested to have their own slot game, and Hogan's wish will be coming soon later this year.
If Andre the Giant hits the opponent then the player wins bonus credits. If Andre the Giant hits the opponent three or more times then the player can select one of Andre the Giant’s finishing moves to win the bout and earn multiple bonus credits.
The Andre the Giant slot game is available to play Virgin Casino right now and Virgin offer some of the best online casino bonuses on the planet so ring the bell!
*Andre The Giant fans may also like The Incredible Hulk online slot. Hulk Hogan purchased the Hulk naming rights to use "The Incredible Hulk" from Marvel Entertainment in a multi million dollar deal approximately 20 years ago.
*Australian, New Zealand and Canadian players - try other Hollywood and branded slot games at PartyCasino.com
Website
Virgin Casino
Profiles
Wrestling Slots Games Casino
Website Network
Media Man Int
Casino News Media
Global Gaming Directory
Media Man Games
Media Man Entertainment
Wrestling News Media
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