Posts Tagged "PokerStars"

Amaya merges Full Tilt &PokerStars liquidity into ‘centralised network’

Amaya merges Full Tilt &PokerStars liquidity into ‘centralised network’

Full Tilt will be joining the PokerStars platform. This is according to the announcement made by Amaya. They will be working together to create one market-leading product. The outlook for each website will remain the same but there will be a few changes here and there. According to Casino News the two famous names in poker industry will be merging together to create a gaming powerhouse on the greatest online platform internationally. This will enable Amaya development to improve both products rather than one single product.

Amaya will be able to concentrate on delivering improved features more efficiently and effectively. The CEO of the Rational Group, Rafi Ashkenazi announced that the players will be able to benefit from the wide gaming choice and bigger prize pools. He also stated that the merging will make them more agile as they focus on technological advancements. Players are expected to be transferred from subsidiary brand Full Tilt onto the merged poker network with its principal product PokerStars. This is according to Amaya Inc. players will be transferred on May 17th. This transfer will enable Full Tilt and PokerStarsto amalgamate their poker player liquidity.

Amaya governance issued a statement saying that it would bring a shared network in February. They said that this would bring about a shared network for its online poker resources which will improve corporate technology by majorly focusing on regional network. The Full Tilt migration will enable the operator make use of a single account through all its business resources; Full Tilt, PokerStars, BetStars, Duel and StarsDraft. Amaya issued a corporate statement that highlighted that players were expected to play on a single, regional network by May 17th or by the end of the 2016 Spring Championship of Online Poker which will take place from May 8th to May 22nd.

The centralized network will have Full Tilt player cash, bonuses and loyalty promotions. This is according to Amaya. Players who are not willing to upgrade their accounts have been asked to withdraw their cash before the software upgrade takes place.

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27 operator licenses awarded by Irish Legislature

27 operator licenses awarded by Irish Legislature

Betting has been faced by serious problems especially to those operators who lack the operational licenses. More often than not, these operators are tempted to indulge in illegal betting which in many nations is going against the law. However, there still some operators who operate without license and prevail. They tend to evade the huge taxes that are levied by the sports betting regulatory bodies.

It was reported that more than $145 million has been operated and transacted through illegal betting. To curb the situation, various governments have incorporated state law enforcers who go door to door to seek those who violate the law. Nonetheless, to be on the safer side, it is always advisable to acquire an operational license and avoid being on the opposite side with regulators.

On that note, the Irish betting authority has claimed that it would offer a total of 27 operating licenses to those operators working in its new regulated sports betting market. The new licenses have been granted a gross period of two years. This will now give a chance to the iGaming as well as sports betting companies to accord Irish clients with their products and their services.

The Irish Tax and Customs office issued this new list at the beginning day of September. Among the 27 betting firms in the list included the leading betting operators in the nation; Paddy Power, Boylesports as well as Matchbook. Other betting operators who are based outside the country but were accorded with the license are bet365, William Hill, Gala Coral, Betfred, Betfair and the mighty Ladbrokes. All these firms are based in the UK. 188BET, bet-at-home, Full Tilt and PokerStars are the notable international betting operators included in the list.

The new rules that were initiated on the 1st of August claim that online casinos, gaming and bingos in the nation will be levied a 1% tax yearly to their income. Online Sports Betting on the other hand will be accorded with a 15% revenue cut. This is much less than what the UKGC of UK levies to its bookmakers.

This fresh innovation is deemed to be fundamental in the initiation of the Irish Gambling Control Bill come the year 2016 and will be the beginning of a specific betting operator.

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