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Gaming Industry News Weekly Recap – Stories You Might Have Missed

TAGs: weekly recap

weekly-news-recap-november-12Betfair picks Breon Corcoran as new CEO
Analysts applauded as Betfair announced it had selected Paddy Power’s chief operating officer Breon Corcoran to replace outgoing CEO David Yu. Although he won’t officially be taking Betfair’s reins until August 2012, Corcoran’s new gig prompted the Irish outfit to announce a reshuffle of senior management.

New Jersey approves sports betting referendum
New Jersey voters backed legislators’ plans to bring sports betting to the Garden State. State Sen. Ray Lesniak quickly introduced the relevant legislation, and one of the state’s federal pols promised to do the same in the House of Representatives on Monday. But those in the know expect a long federal fight before Garden Staters are legally betting on the Giants.

Pius Heinz wins 2011 World Series of Poker main event
Tuesday’s WSOP finale took six hours of heads-up play, but in the end, Germany’s white hoodie triumphed over the Czech Republic’s plaid button-up. CalvinAyre.com’s Jason Kirk figured Heinz’s belief that pacifism is for pussies was the deciding factor in his $8.7m victory.

Europe prepares for online gambling vote as companies plead for UK tax leniency
The European Parliament braces for a vote on proposed harmonization of online gaming regulations, while UK politicians were subjected to the pleas of online gaming outfits worried about upcoming revisions to licensing and tax schemes.

Two more online poker hearings in Washington
The House of Representatives will host round two of its “Online Poker: Mother’s Milk or Satan’s Syrup?” hearings on Nov. 18, while the Senate Indian Affairs Committee will meet the day before to head those Nevada casino cowboys off at the pass. One of those cowboys, Caesars Entertainment’s Gary Loveman, thinks he could have an online poker product ready to serve US players within 12-14 months of the relevant legislation passing.

Will Zynga realize its dream of dominating US online poker?
Jason Kirk examines the likelihood of Zynga becoming a dominant player in a future regulated US online poker market. If they do, let’s hope they treat US players better than they do early investors.

NYX Interactive acquires NextGen Gaming
The Swedish and Aussie software stars combine operations to create an entity offering 300+ games to 40+ clients.

Poker prognostications
Our own Rebecca Liggero convinced both Infinite Edge Gaming’s Kim Lund and Hybrid Interaction’s Scott Yeates to break out their respective crystal balls and take a glimpse into the future of online poker.

Financial results o’plenty
Bwin.party, Caesars Entertainment, Playtech, SJM Holdings, Melco Crown Entertainment, International Game Technology, Jaxx SE and Cryptologic.

VIDEO PICK
Rebecca Liggero picks the brain of Aideen Shortt, author of the Mobile Gaming Report, in a lively discussion of the history and future of mobile wagering.

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