Tag Archives: Entraction
- Investing The Hard Way: Can IGT Maintain Its Current Run?
September 23, 2013
Nearly a year ago I wrote an article for this site in which I called for International Game Technology CEO Patti Hart to be fired. I questioned a number of Hart's decisions, including the 2011 purchase of Entraction, an oddly timed accelerated stock buyback, and the half-billion dollar acquisition of Double...
- Investing The Hard Way: No One To Root For In IGT’s Proxy Fight
January 14, 2013
Back in October, I wrote a piece here on CalvinAyre.com arguing that Patti Hart, CEO of International Game Technology (IGT), needed to move on. While I have no personal vendetta against Ms. Hart, I noted a series of missteps under her leadership, most notably the nine-figure purchases of Entraction and...
- Betting Promotion provides services to former IGT / Entraction clients
September 23, 2012
Following the decision made by IGT to close down its Entraction Poker Network and associated services, a number of clients have turned to Betting Promotion for their services. One such client, Cardbet, has recently agreed terms. Cardbet, will be migrating its sports betting offering to utilise Betting Promotion's BET POWER...
- IGT confirms poker closure; iPoker moves to Microgaming; Macropoker opens its doors
September 19, 2012
International Game Technology has confirmed the inevitable shut down of what was once the Entraction network blaming changes in the regulatory climate in Europe. In a telephone interview with Bloomberg, CEO Patti Hart admitted that a shift “from dot.com to dot.country”, something we looked at last month, has meant “there’s less...
- IGT gets rid of ill fated poker network to show public poker difficulties
September 14, 2012
International Game Technology have confirmed reports their online poker network will be closing by the end of the year. The company, which only purchased the Entraction Network in May 2011, is closing the network for what they deem poor liquidity. It follows the exodus earlier this week of a number...
- IGT Network future in doubt as skins jump – or are pushed
September 13, 2012
The IGT Network aka the Entraction Poker Network may be headed for the scrap heap as its owner, US gaming device maker International Game Technology (IGT), prepares to “consolidate its product development.” IGT acquired Entraction in May 2011 for $115m with an eye toward using the software to launch a...
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January 13, 2014