Update: Beneficiaries of “Black Friday”


Bwin and Playtech profit

What is now called “Black Friday”, which occurred on Apr. 15, resulted in a positive effect for certain gaming operators, especially the European gaming operators such as Bwin.party and Playtech, as anticipated by industry experts.

This is due to the fact that players are looking for alternative venues to play poker, and as a result, the share prices in the London-listed betting firms noted a great boost; namely Bwin.party's share price had soared by 34 percent, 888 by 24 percent and Playtech by 11 percent.

In addition, there are other European groups that seek to profit from the situation by offering promos that match or exceed the affected US-facing sites' promotions.

Apart from the news about the federal action's effect on other, non-indicted groups, on Apr. 18 came the report that the first of the eleven indicted in the internet poker crackdown, has appeared before U.S. Magistrate Judge Frank Maas today in a Manhattan Federal Court. Bradley Franzen (41), who has been charged with conspiracy to violate the UIGEA, conspiracy to commit bank and wire fraud, money laundering conspiracy and operating an illegal gambling business amongst others, is accused of creating phony companies and websites in order to fool banks into handling gambling proceeds disguised as online purchases of items such as golf balls and jewelry. To these accusations, he pleaded not guilty, and the court set a $200 000 bail to release him from custody.

Gambling Law & Society News General Poker News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from Germany read article Florida Dealer Takes Top Spot in WSOP Monster Stack

Poker Community

Share this page on:
Follow LPB on:
Follow LPB

Join now for full access to our online poker forum/chat plus receive our newsletter with news & exclusive bonuses every month.

In the last 24h

Totals

  • New Members
    20
  • Members Online
    396
  • Guests
    1,943
Online Poker Reviews
PokerStars
  (134 Ratings)
Full Tilt Poker
  (92 Ratings)
Bet365 Poker
  (102 Ratings)
Betsson Poker
  (72 Ratings)
Ladbrokes Poker
  (62 Ratings)
Pkr
  (71 Ratings)
Unibet Poker
  (81 Ratings)
Mansion Poker
  (57 Ratings)
Everest Poker
  (64 Ratings)
Gamebookers Poker
  (56 Ratings)
RedBet Poker
  (60 Ratings)
32Red Poker
  (89 Ratings)
William Hill Poker
  (83 Ratings)
888 Poker
  (126 Ratings)
Titan Poker
  (81 Ratings)
Betfair Poker
  (89 Ratings)
Party Poker
  (91 Ratings)
BetVictor
  (107 Ratings)
NetBet Poker
  (49 Ratings)
Cool Hand Poker
  (90 Ratings)
Bodog Poker
  (47 Ratings)
Winner Poker
  (58 Ratings)
Bovada
  (81 Ratings)
Comeon Poker
  (56 Ratings)


Follow LPB on Facebook Follow LPB on Twitter Follow LPB on Pinterest Follow LPB on Google plus