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REAL-MONEY ONLINE POKER NOW ON FACEBOOK
2014-01-14

With little fanfare or marketing hype, social gaming giant Zynga launched its Zynga Plus Poker for real money app on Facebook Friday, using the Party Poker network...but its use is restricted to UK residents only.

The latest move follows the launch of a downloadable real-money client for UK punters early in 2013 (see previous InfoPowa report)




MORE DETAIL ON IGT PULL-OUT FROM EUROPEAN ONLINE POKER (Update)
2012-09-19

International Game Technology chief executive Apuestas Deportivas Online Bingo Play Slots Online in US Tom Brady betting odds to win Poker Madden Betting Pandemonia Patti Hart expanded on her company's withdrawal from the European online poker market in an interview with the Bloomberg business news agency Tuesday.

Hart explained that the business shifted from dot-com to dot-country, commenting: Theres less profitability and the product becomes less interesting.

The IGT decision came after the company spent $115 million last year on acquiring Entraction Holding AB (see previous InfoPowa reports), and is attributed to national regulatory changes in Europe that effectively killed the business model.

Various countries barred their residents from playing with customers in other nations, Hart said.

She opined that Europe provides a lesson for the United States, where the legalisation of online poker is developing on a state-by-state basis rather than at the federal level.

Companies planning to offer online poker in the U.S. will have to look at their own economics, she said. Its much more challenged when its a single state.

IGT stock has declined 25 percent this year.

Bloomberg reports that online gambling generated Euros 24.6 billion ($32.1 billion) in revenue worldwide last year, with Japan, the U.K. and Germany the largest contributors, according to researcher H2 Gambling Capital.