Tag Archives: company

Calling All Millionaires. Building an Online Poker Empire (Page 1 of 2)

The internet has opened doors to miraculous opportunities. Every person around the world can literally become your customer if you have the right product or service to offer them. Many people have become wealthy because of the internet, but some have become mega wealthy.

The online gaming industry has produced multiple Billionaires over the last 7 years. That’s billionaire with a B. Take Ruth parasol, the co founder of Party poker (Party Gaming). Ruth standed to make an additional $683 million the day her company went public. Then, there is Calvin Ayre. He founded the Bodog sports book empire. Bodog takes hundreds of millions of dollars in beting action each year.

There appears to be a shroud of mystery around the legality of online gaming. At times, the United States government has intervened and tried to police the world as one nation. The interesting thing to note is that there are many variables to setting up and doing business as an online gaming company. US citizen or not, the US government has only gone after sports book and sports book processing companies.

In the past 7 years, US citizens contributed most of the online gaming revenue globally. In the past two years, things have really started to change. Regardless of recent US law changes, US players really haven’t slowed down with online gaming. Online gaming is growing at a cancerous rate. This is because of internet broadband expansion on a global basis. Citizens from other countries across the globe are starting to place wagers online. They are finally able to do so because of high speed internet access availability..

If every US citizen stopped placing wagers online today, the online global gaming industry would still grow at an alarming rate. What’s even more interesting, is that NOT one US citizen has ever been prosecuted by the US government for taking wagers online from non-us citizens outside of this country.

Thanks to client language software (software that runs in different languages), it is now possible to market gaming globally and successfully. You can be a US citizen, and legally own and operate an online casino, poker room, and or sports book, providing that NONE of your customers are in the United States, or are US citizens.

The recent US law banning US poker may get repealed this month. You can learn more about that by researching the UIGEA repeal ACT to be held on September, 26th, 2007. Not to mention, it looks like the government will never go after poker rooms due to the public unrest involved against the law. There are at least 5 large successful poker rooms that still take US players. They promote their poker sites all over television with US poker celebrities as their spokesmen. They are Poker Stars, Ultimate Bet, Full Tilt Poker, Absolute Poker, and Doyles Room. One of the founders of Doyles Room is Doyle Brunson. Doyle lives in Nevada and doesn’t hide under his bed. The only type of gaming site that the US government has ever gone after is a sports book. The only type of processing company the US government has ever gone after is a processing company that would process the sports books deposits/withdrawals.

Mobile casinos with PlayTech software. (Page 1 of 2)

The same as with the Microgaming, PlayTech is a large company, online casinos software supplier. Perhaps, they rank second after Microgaming in terms of reputation and number of online casinos. The Company was valued 1 billion USD, which speaks about its high reputation and trust level. As far as I could find in the net, there are not so many mobile casinos using PlayTech software so far, but this company has always been distinguished by its active development, that is why I am sure that their quantity will increase sooner than later. Three mobile casinos can be found with the PlayTech software so far: Golden Palace, Tropez Mobile Casino, XXL Club Casino.

XXL Club Casino is the best casino from the point of view of support. One more pleasant detail is that visiting the online casino site I found a pop-up banner, promising 10USD no deposit mobile casino bonus. In a minute I got my bonus but lost it in slots as quickly as received (betting 2USD per spin, so, this is not a wonder). After that, as I usually do in PlayTech casinos, I rejected the bonuses (mobile casino support was happy to handle my request), made a deposit and started playing my favourite mobile casino games. I have to say that the registration and the casino deposit were made via online casino website, though it is possible also via the phone.

Mobile casino wagering results: I started playing with black jack. The minimum stake, as it is in Microgaming software mobile casinos is rather high – two USD, so I had no choice but to playing this stake. The results were very interesting: 57 gains (!), 38 losses and 5 pushes. A rather obvious distortion in my favor, which gave me the gain of 33 USD. I must note that there were three losses at a time and 8 gains (with the only push deal in the middle). The number of blackjacks was within the norm, it was four. With doubling the results were not very impressive – I won only two out of seven deals (the probability of the gain at doubling is over 50%). Generally, it is an ambiguous result: on one side I have won a lot, on the other side – I have won too much as for testing the casino. There is also something wrong with the doublings (perhaps, it is for compensation?).

Videopoker was the second mobile casino game for the testing. The game was the standard “Jack or better” with a normal payment table 6/9. Playtech mobile casinos have wider the range of stakes than it is in Microgaming mobile casinos – coins from 0.05 USD to 5 USD. I played five coins of USD 0.25. The results were again odd: 14 pairs, 15 – two pairs, 12 treys, not a single street or flash and three fulls. In some fantastic way my pairs turned into treys and full-houses, there is no other way to explain such statistics. With such a cut of cards the gain of 10 USD is not a wonder. The doubles sprawled in equal parts – the half was a gain, the half was a loss. The PlayTech has also one more opportunity to double just a half of the gain in the videopoker.