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Weekly Industry Update: Full Tilt Poker/GBT Deal Makes Further Progress

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by , 12-18-2011 at 03:33 PM (567 Views)
This week the ongoing Full Tilt Poker/GBT deal took yet another step, while the Bodog brand left the U.S. market and Denmark announced that 38 operators had been given licenses to operate in the newly regulated market. Check out these stories and more in PAS's weekly industry update.

Full Tilt Update -- Full Tilt Poker One Step Closer: Subject Poker confirmed that Full Tilt Poker and Groupe Bernard Tapie have agreed to transfer the poker room's assets to GBT after Full Tilt Poker ownership voted on the agreement. The next step in the process requires that GBP must forfeit certain assets to the U.S. Department of Justice. At that time, CIVIL charges against Full Tilt Poker will also be dismissed. According to Subject Poker, these steps could take place shortly.

In other notable news, GBT was announced as one of 61 license applicants (in Spanish) to operate in the regulated Spanish market.

Denmark Announces Licensees: Last week the Danish Gambling Authority announced that 38 operators have been awarded licenses in the newly regulated Danish market, which will go live on January 1st. A total of 180 domain names will be able to offer some form of online gambling to Danish customers. Players and affiliates will be pleased to know that recent reports have suggested that player pools will not be segregated from the international player pool. Check here for a full list of operators. PAS partners on the list include Betfair, Betsafe, Interpoker, Party Poker, Bet365, Paradise Poker, PKR, Unibet and Fortune Poker.

Bodog Brand Leaves U.S.: The Bodog brand had decided to leave the U.S. market at least six months ago. On Tuesday, they followed through with the unveiling of the new Bovada brand name, a U.S.-only poker site that will be different from Bodog only in name. Existing Bodog links will continue to be valid for non-U.S. players and operate as normal. For U.S. players, they will be directed to a landing page where they can visit the new Bovada poker room. PAS is currently working on a new Bovada review pages with direct links.

Bodog will also be disclosing hole cards as an answer to concerns that were raised about the site's new Anonymous tables. Bodog UK CEO stated, "There is only really one criticism that stands up to scrutiny and that is whether the lack of usernames can increase the opportunity for collusion." The change is expected to occur in early 2012.

Latest Traffic Update from PokerScout: Online poker traffic had another great week according to PokerScout, up 3.8% from the previous week with seven out of the top sites showing a gain. PokerStars had the largest increase with a 9.3% increase while Bodog saw their traffic drop 9.5%. PokerScout notes that while the fall/winter traffic season has picked up, overall traffic is down 26% from last year, mostly due to U.S. players who stopped playing after Black Friday.

Notable gainers for the year are 888 Poker (76%), Merge Gaming (67%) and Bodog (54%); Entraction and Boss are two of the biggest losers with declines of 50% and 41%, respectively.

Jottings: Top online poker Christmas promotions...Sale of Ongame Network at advanced stage but unlikely to happen in 2011...New Titan CPA policy change with Spanish and Belgium Regulation Update...PokerStars establishes trust fund for French players...German states approve online gambling regulation

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