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OPENBET C.T.O. MOVES TO U.K. LOTTERY SPECIALIST
2015-01-23

Nikos Kryvossidis, CTO at Openbet since mid-2011 with special responsibility for sportsbook operations, has left the company to take up a similar post with the UK National Lottery organiser, Camelot Group plc.

Kryvossidis has extensive management experience in the telecommunication and IT industries and was previously employed by Google, where he was director of content and commerce partnerships. The role included leading a team of sales engineers, technology account managers and software engineers responsible for worldwide content related products including Google Maps, Google Editions and Local Shopping.

Prior to Google, he worked for Visto/Good Technologies, Symbian and Lucent Technologies.

He holds an MSc in Computer Science from McGill University, Montreal and a BSc in Mathematics from University of Patras, Greece.




DETROIT VICTORY IN POKER TOURNAMENT
2014-07-02

Twenty-seven-year-old Detroit poker pro David Bicimotos Olson is the latest maiden bracelet winner at the World Series of Poker in Las Vegas, taking down event 52 - the $10,000 buy-in Limit Hold'Em contest for $303,909 despite a professional-rich and competitive field of 122.

The field, and the $1,146,800 prize pool that it generated, could have been larger, but the contiguous Monster Stack event may have lured many players away.

Three days into the competition just ten players remained, and that soon led to the formation of a final table that comprised Olson and Mikail Tulchinskiy, Greg Debora, Samuel Golbuff, Paul Mannoni, Bill Chen, Brian Tate, Jan Sjavik and Gabriel Nassif.

By the time three-handed action was reached Greg DeBora held the lead, as he had done for most of the day, but he fell short to a few coolers and busted out in third for $136,056, setting up Olson with the chip lead in a final battle with Mikael Tulchinskiy.

It took two hours to decide the winner as the lead changed several times, but in the end Olson was able to prevail and claim the main honours, leaving his gutsy opponent with a consolatory $187,811.



GALA CORAL GROWS ONLINE BUSINESS
2014-02-18

Gala Coral Group said its online business has exceeded the Board's expectations showing strong growth in active customers across all its online properties.
Key Group highlights for the quarter ended January 18, 2014 were:
-Turnover was 12 percent ahead of last year and gross profit was GBP 13.8 million or 6 percent ahead.
-EBITDA was GBP 60.5 million, 2 percent ahead of last year despite the adverse impact of exceptional football losses.
-Underlying year on year growth of GBP 11.8 million or 20 percent.
-Coral Retail's gross profit was GBP 5.3 million or 4 percent ahead of last year.
-Online showed strong gross profit growth, up GBP 11.1 million or 4.3 percent versus last year.
Carl Leaver, Group Chief Executive of Gala Coral Group, commented:
The Group delivered strong underlying EBITDA (pre-exceptionals) growth in the quarter, as we continued to leverage the investments we have made over the last two years, particularly in online and in Italy. Active customers numbers are increasing strongly across all our online websites and spend per head is exceeding our expectations.
"This clearly demonstrates that with market leading brands and technology we can achieve significant growth from this business in the years to come."
Key Highlights of the online business include:
-EBITDA (Pre-exceptionals) of GBP 10.3 million, up GBP 3.1 million or 43 percent.
-Customer growth of 60 percent in Coral.co.uk, 18 percent in Eurobet.it, 18 percent in galabingo.com and 142 percent in Galacasino.com
-Gross profit of GBP 11.1 million.
-Marketing investment of GBP 6.3 million and a 17 percent increase in other operating costs.
-Coral.co.uk sports stakes were GBP 55.6 million or 92 percent ahead of last year.
-Adverse football results are estimated to have reduced gross profit by GBP 3.8 million
-Gaming stakes in Coral.co.uk were 124 percent ahead of last year .
-Coral.co.uk gross win was GBP 8.7 million or 146 percent ahead at GBP 14.7 million.
-Mobile penetration in Coral.co.uk increased by 24.6 pp to 62 percent of actives and is expected to increase further following the launch of a new iPad app at the end of the month.

-Eurobet.it total gross win was GBP 2 million, a 23 percent increase over last year.
-Eurobet.it sports stakes were GBP 7.6 million or 28 percent ahead
-Eurobet.it gaming stakes were GBP 64.4 million or 51 percent ahead
-Eurobet.it mobile penetration grew, with 45percent of actives accessing the site through a mobile device, helping drive an increase in sports betting market share to 9.8 percent.

-Galabingo.com actives were 19 percent up over last year resulting in GBP 56.2 million or a 20 percent increase in stakes.
-Galabingo.com reported a GBP 2.9 million or 15 percent increase in gross win.
-Galabingo.com mobile penetration increased by 45 percent.

-Galacasino.com showed a 142 percent increase in active customers driving a 165 percent increase in stakes and a GBP 4.1 million (140 percent) increase in gross win.
-Galacasino.com mobile penetration increased to 28 percent.

-Across the two Gala branded websites gross win totaled GBP 29.4 million
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EDUCATING POLITICIANS WITH NEW POKER MOVIE?
2013-08-16

In what could be seen as an indictment of the tragic paucity of knowledge among US politicians regarding online poker, reports surfaced this week that the land gambling trade body the American Gaming Association is considering using the new fictional online poker movie Runner Runner to persuade lawmakers on the need for federal regulation.
Starring Ben Affleck and Justin Timberlake the movie is due to premier within the next month, and features a college student who becomes embroiled in a highly dramatized offshore, online poker industry with violent consequences see the trailer here:
http://www.youtube.com/watch?v=dyboDr1e2xI
AGA chief executive Geoff Freemen is reportedly supportive of the move to use the film to persuade Congressional representatives on the need for federal regulation, presumably because the film depicts the allegedly seedier side of online gambling.
Two relevant bills one on general online gambling legalisation, and the other for online poker only have been introduced to Congress this year, and there are rumours that Nevada Senator Harry Reid is about to launch a poker-only proposal soon (see previous InfoPowa reports).
The respected and generally reliable Las Vegas journo, Jon Ralston broke the news and claimed to have seen an internal AGA email referencing the upcoming movie and its possible use as a vehicle to further the AGAs well known agenda of federal legalisation of online poker only, and under conditions best suiting its members.
In the email, Freeman allegedly shares his views with other AGA luminaries, noting that the movie involves: .illegal online poker and unscrupulous offshore operators, dramatically underscoring the risk American consumers face in a poorly-regulated market.
He concludes that the film could support the AGAs message for Washington politicians.ie federal regulation and only for online poker.
Freeman seems to be a man with a plan; according to the email the initiative using the movie could be accompanied by the release of research stats on how much illegal online gambling is happening in the USA, thus linking the AGA push to the movie and generating traffic to the Associations website and its proclamations on the subject.
He also appears to believe that there could be merit in holding screenings and discussion sessions with relevant audiences.


March Madness Bracket
2015-02-15

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