Wednesday, December 30, 2009
PartyGaming - Fairfax Trading Room - 30th December 2009
London
(quoted in Sterling)
Party Gaming 256.10
(Credit: Fairfax Digital - Trading Room)
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Tuesday, December 29, 2009
PartyCasino Wins Media Man Online Casino Award, by Greg Tingle - 30th December 2009
PartyCasino.com has once again been awarded the Media Man and Casino News Media "Online Casino Of The Month".
The competition for the coveted award was intense again this month with massive bids from both Captain Cooks Casino and Virgin Casino, however there can only be one winner... ladies and gentlemen, that's PartyCasino.com
The award follows PartyPoker's EGR Poker Operator Of The Year and PartyGaming also made the shortlist for EGR Operator Of The Year. Last month PartyGaming's PartyPoker.com also won the Casino News Media "Online Poker Website Of The Month".
The Media Man - Casino News Media accolade is based on a combination of elements including user experience, innovation, trustworthiness, customer service, gameplay, affiliate program offerings, newsworthiness and company values.
PartyCasino.com is one of a number of PartyGaming brands.
The most popular PartyCasino.com games of late include Rambo, The Godfather, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Hulk, Monopoly, Resident Evil and Mega Fortune Wheel. Last month a German casino player won the Gold Mega Jackpot of almost $5 million dollars playing Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $1 million mark. Players can also compete for the Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include Tarzan, High Noon and Call Of Duty 4: Modern Warfare.
PartyGaming CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that pro wrestling themed online slot games are in the works and that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 3 months. Names been thrown around include Andre The Giant, Hulk Hogan, Ric Flair, "Rowdy" Roddy Piper and Jimmy "Superfly" Snuka, but those names are only rumors, however a print feature did showcase Andre earlier in the year, indicating that there is substance to the rumor mill. In any event, PartyCasino already has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
In other exciting PartyGaming news, PartyPoker.com is currently running qualifiers to the L.A Poker Classic in the United States. PartyGaming's recent purchase of the World Poker Tour company and assets enables PartyGaming to once again accept American based poker players, and they are hopefully of soon accepting American casino players also. Both websites accept most European, South American and Australian players.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino exclusive "Cash Machine" that is being championed as one of the greatest online casino promos ever.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with PartyGaming, as they do with dozens of other companies in the gaming and igaming industry.
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Bingo! - Virgin Games Gets The X-Factor Slot - December 2009
The X-Factor bingo slot game offers fans the opportunity to face the judges, get through auditions and make it all the way to the grand final. Those who have what it takes to impress may not find fame, but they could land a fortune, thanks to impressive cash prizes and V Points, which can be redeemed against a host of Virgin-branded products.
This product is part of a number of new television-themed games which are being added to the site in the coming months. These include the popular ‘Blankety Blank’ and ‘The Price is Right’ franchises, which have further enhanced the site’s appeal to gamers from across the U.K.
Part of the Virgin Games group, Virgin Bingo was launched in June 2004 and has quickly established itself as one of the leading online Bingo sites. The site was restructured in June 2006 and alongside sister sites Virgin Casino and Virgin Poker, it aims to provide gamers with the best choice of products and rewards on the internet.
A spokesperson for Virgin Games commented on this new product by saying:
“X-Factor is extremely popular at the moment and we are hoping to capitalise on some of the popularity by offering our customers the chance to participate in this fun and exciting game.”
“With some very attractive prizes on offer, we are sure that this will become one of our most popular bingo products. It compliments a range of entertainment tie-ins, including the popular Cluedo and Monopoly games, which have already proved to be a big hit with players.”
To find out more about this, and a range of other themed Bingo games, visit: VirginGames.com
Virgin Games launched in June 2004 and has quickly established itself as one of the leading gaming websites in the UK. Virgin Games comprises four distinct offerings:
Virgin Casino, part of the Wagerworks network, brings consumers classic casino offerings like blackjack and roulette, as well as great feature slots like Monopoly, Cluedo, Dungeons and Dragons Fortress of Fortunes™ and the highly popular MegaJackpots progressive games, with a seeding value of £1,500,000
Virgin Poker, part of the Boss Media network, offers a huge array of games and content for beginners through to experienced pros – as well as the most generous loyalty scheme in the industry
Virgin Bingo, part of the Virtue Fusion network, offers cash prizes worth thousands of pounds in the progressive jackpots, as well as Virgin prize bingo and a range of unique Virgin Games bingo games.
*Sorry, no U.S or Australian players. See World Casino Directory
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PartyPoker Cash Machine Returns, Features Booster Bonus, by Dan Cypra - 29th December 2009
The Cash Machine promotion last ran during the month of September and shelled out a bevy of added funds to PartyPoker players. The promotion returns on January 4th and will run through the end of the month. All players have to do is earn 10 or more PartyPoints on at least 10 days during the 28-day period. Then, PartyPoker officials will take a look at the PartyPoint totals of the 10 highest-earning days and match the lowest one at the rate of $1 per point.
As an example, if a player’s 10 highest PartyPoint total days were 100, 100, 100, 150, 150, 150, 200, 200, 200, and 200, PartyPoker would award a $100 cash bonus, matching the lowest amount. The minimum payout is $10 and there is no maximum amount that PartyPoker will match. For those players who are unable to meet the $10 minimum, a generous consolation prize exists. Text found on PartyPoker’s website explains, “If you can achieve 10 qualifying days of one PartyPoint or more, but fail to earn the minimum cash reward, we’ll give you a seat in our $25,000 Cash Machine freeroll, which takes place at 15:00 ET on Wednesday, 3rd February.”
The Cash Machine Booster Bonus is available to players who earn at least 1,000 PartyPoints per day on 20 out of the 28 days of the promotion. Players who earn between 1,000 and 1,500 PartyPoints for 20 days will earn a $500 Booster Bonus. Players who rack up between 1,500 and 2,000 PartyPoints for 20 days will get a $1,100 Booster Bonus. Players who amass between 2,000 and 2,500 PartyPoints for 20 days will take home a $2,000 Booster Bonus. Players who earn between 2,500 and 3,000 PartyPoints will receive a $3,000 Booster Bonus and those able to surpass 3,000 PartyPoints for 20 days will nab a colossal $5,000 Booster Bonus.
The Cash Machine is an opt-in promotion and players can register for it at any time prior to its conclusion. Once they opt in, PartyPoker will credit players with all PartyPoints earned during the 28 days, regardless of when they sign up. Each qualifying day runs from 00:00 ET to 23:59 ET and days do not have to be consecutive in order to count. All funds earned will be dropped into players’ accounts within 48 hours of the Cash Machine promotion ending.
One day prior to the Cash Machine promotion kicking off, the PartyPoker Monthly Million will play out. The $640 buy-in tournament takes place on the first Sunday of every month and boasts a Championship blind structure. Players begin with 20,000 chips and blinds start at 25-50. The price of poker increases every 20 minutes and antes kick in at Level 6, when blinds are 250-500.
Qualifiers for the Monthly Million run constantly on PartyPoker. Popular ways to enter include a daily Monthly Million Qualifier, a $70 buy-in satellite with at least 19 seats on the line. A Mega Friday Satellite also takes place weekly, featuring a $55 buy-in and 20 seats guaranteed. On Saturdays, two qualifiers take place on PartyPoker offering a combined 18 seats. Country-specific freerolls and daily player point qualifiers also send players to the Monthly Million. Mark your calendars for Sunday, January 3rd, the next running of the Monthly Million.
According to the traffic ranking site PokerScout.com, PartyPoker is the fourth largest site worldwide, with a seven-day running average of 4,500 real money ring game players. It is the second largest not to accept players from the United States, trailing only the massive iPoker Network.
PartyPoker claims World Poker Tour Host and new Poker Hall of Fame inductee Mike Sexton as its ambassador and is currently qualifying players for the L.A. Poker Classic. (Credit: Poker News Daily)
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Virgin Games: Brand Profiles - Virgin Casino News - Start The New Year Right!
Virgin Casino is packed full of Vegas favourites from Wheel of Fortune and Price is Right to 6 different versions of Blackjack and 4 different versions of Roulette. You'll also find some of the most entertaining and unique slots on the web with Monopoly on a Roll and Cluedo.
Virgin Casino runs a 24 hour call centre, credits casino payouts quickly (between 24 and 72 hours) and with full Gamcare Certification is one of the safest places to play online. The casino does not accept bets from the USA or jurisdictions where online gaming is illegal.
V*POINTS
At Virgin Casino we figure that it's about time you got more rewards back from your play. That's why we are thrilled to introduce you to V*POINTS, where you'll earn points that can be exchanged for cash or a range of exciting Virgin rewards every time you play. More...
Promotions
If that's not enough, new players will also find signing up is sweetened by a 100% sign up match bonus up to £100 and there are regular cash and prize bonus promotions that run throughout every month of the year.
Virgin Poker
Virgin Poker is all about value. Apologies for the marketing speak but we've tried to pack as much extra value into the great game of poker as possible. That naturally means freerolls and decent guaranteed tournaments (without the whole world in them) but it also means V*POINTS.
Tournaments
Poker players will find plenty of action day or night from a range of games including Texas Hold'em, Omaha, Stud and 5 Card Draw. The call centre is 24/7 and there's manager chat for any queries players might have.
Tournaments run regularly and new players will find a daily €35 freeroll as well as a 100,000 V*POINT freeroll every Sunday. There's a full selection of Multi Table tournaments including a weekly €20,000 guaranteed, a monthly €100,000 guaranteed tournament and satellites for all major events including the EPT and WPT.
Naturally there's also free play on offer at Virgin Poker but with games starting from 5 cents and a weekly 100,000 V*POINT freeroll we think you'll get a taste for the real thing pretty quickly.
V*POINTS
Players earn V*POINTS for every cash hand played on both tournament and cash tables. Whether you win or lose you, every time you play a hand you earn V*POINTS, Simple. Players can then exchange V*POINTS for lots of Virgin extras. That's Virgin Atlantic Flying Club miles, Virgin Vouchers that can be spent on a variety of things from mobile top-ups to digital downloads, and of course Virgin Poker cash for the tables.
Promotions
New players will enjoy a cool 100% match deposit bonus up to £100 plus daily €35 freeroll as well as a 100,000 V*POINT freeroll every Sunday.
Virgin Bingo
Virgin Bingo is part of the Virgin Games family and is wholly owned by the Virgin Group. Quite simply we believe that gaming should be fun and entertaining. It should be rewarding whether you win or lose. That's why at this site your players will enjoy the best bingo, slots and video poker around, and we will offer them unique prizes unobtainable on any other sites - we simply want your players to have a great time.
V*POINTS
At Virgin Bingo we figure that it's about time you got more rewards back from your play, so we are revamping our loyalty scheme and launching a brand new scheme called V*POINTS. In a nutshell, this now means you will earn reward points when playing for real money on all Virgin Bingo games.
Promotions
New players will enjoy 100% match deposit bonus up to £100.
Virgin Games is part of Richard Branson's world famous Virgin Group of companies.
Sorry, no U.S or Australian players. See World Casino Directory
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Virgin Games Is Global
Virgin Games, including the flagship brand, Virgin Casino, is quickly becoming one of the world's most well known and respected gaming and casino brands worldwide.
Players from most countries can access Virgin Games.
At the moment players in both the United States and Australia are not able to access Virgin Games, however if or when players in the U.S and Australia can access the website we will spread the news.
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Sunday, December 27, 2009
PartyCasino Gold Mega Jackpot News - 28th December 2009
One lucky player has scooped the Gold Mega Jackpot!
It was only a matter of time before our Gold Mega Jackpot, which was the biggest casino jackpot in existence was claimed so congratulations to our lucky player from Germany who coined a massive $4,978,336.20 on Mega Fortune Wheel.
Start playing now to make sure you give yourself every chance of winning a multi-million dollar prize. We’ve seeded the Gold Mega Jackpot at $500,000 and its growing every second!
There are two easy ways to play some of the biggest jackpots on the web: play instantly at PartyCasino.com in your browser or download our software and enjoy the full casino experience.
Find out how you can win
Play on any of the six Gold Jackpot slots listed below and you could be in with a shot of winning the money:
The Godfather
The cinematic masterpiece has now been transformed into a magnificent five-reel, 20-line jackpot slot.
Superstar
Take a trip through the galaxy and beyond in this five-reel, multi-payline Gold Jackpot slot game.
Super Joker
Hilarity and casino cash action combine in this super five-reel, multi-payline Gold Jackpot slot game.
Super Fortune Wheel
Spin the wheel for a chance to win massive cash prizes in this five-reel, multi-payline Gold Jackpot slot.
Super Mystic
Enter the power of the unknown with PartyCasino.com’s mystic themed five-reel, multi-payline Gold Jackpot slot game.
Mega Fortune Wheel
Turn the wheel and spin your way to a giant progressive jackpot in our five-reel, nine-line jackpot slot.
Remember, you could hit the Gold Mega Jackpot and become an instant multi-millionaire at any time.
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Virgin Casino News: New Slot Games and New Bingo Games - 27th December 2009
Marvel super hero online slot games are now available at Virgin, in addition to classic slots like Cleopatra II, Rubik's, Wheel Of Fortune, Monopoly, Elvis, Da Vinci Diamonds and Rainbow Riches Win Big Shindig.
New age and Hollywood titles like The X Factor, The Price Is Right and Transformers are also available.
Most games can be played for free or played for money.
Virgin's unique V*Points can be exchanged for a wide range of Virgin goods and services.
*Sorry, no U.S or Australian players. See World Casino Directory.
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Friday, December 25, 2009
PartyCasino: The Top Ten Online Slot Games, by Greg Tingle - December 2009
Rambo
Tarzan
Cleopatra
Mission: Impossible
Monopoly
Sinatra
Call Of Duty 4
Top Gun
Thor
The Hulk
The runner up online slot games are:
Resident Evil
Spider-Man
Mega Fortune Wheel
Ramesses Riches
Bejeweled
PartyCasino.com offers unique promotions and player rewards which are widely regarded as the best in the industry. Players can enjoy rewards and bonuses with PartyPoints and the Palladium Lounge, both of which have generous rewards year round and are popular with both new and experienced players, so whether a casino virgin or VIP old hand at the games, there's something for you.
PartyGaming is the parent company of PartyCasino, established in 1997, and is the most successful online company in the world, listed on the London Stock Exchange and winner of numerous EGR Awards, in addition to Casino News Media and Media Man awards and commendations.
Players from most countries can access PartyCasino and PartyPoker. PartyCasino is ranked by many authorities as being the superior online casino for Australia, Europe and South America.
PartyCasino is hopeful of accepting paid American players in 2010, however PartyGaming made a successful purchase of the World Poker Tour late this year allowing players to become more familiar with PartyGaming products and services the world over.
Most games can be played for free or played for money and are available in a range of multi language and multi currency options. PartyGaming's call centre is open around the clock 24/7/365.
Jackpot offerings include Gold Mega Jackpot, Marvel Hero Jackpot and Super Hero Jackpot.
Major innovations at PartyCasino.com include Live Dealer and Single Wallet, and 2010 will see "Avatar" like technologies arrive.
Latest games include the Call Of Duty 4 slot and Melon Madness jackpot slot. 2010 will deliver more Hollywood themed classics, and rumors suggest to be on the lookout for games including pro wrestling also, be it Andre The Giant, Hulk Hogan or Ric Flair. Wrestling Legend Hulk Hogan actually purchased the rights to use the name "Hulk" from Marvel Comics in the 80's, but that's another story. Certainly Party do have positive history in wrestling, Hollywood and Marvel Comics circles. This is evidenced in the public domain not only by The Hulk slot game, but also by Stallone's Rambo slot, Tom Cruise's Top Gun slot and Schwarzenegger's The Terminator. Terminator Salvation features Australia's Sam Worthington, and insiders predict more Terminator games may be on the way.
PartyGaming is licensed and regulated by the Government of Gibraltar, with offices around the world, and have been at the leading edge of innovation, customer service and all round excellence for over a decade. Players and partners alike can be assured they are in safe hands at PartyGaming.
Don't just play the games, "Feel it"... experience the world's leading online casino games at PartyCasino.com
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Online gaming groups say they are on winning streak - 20th December 2009
PartyGaming recorded its best quarter since the second quarter of 2008, while Sportingbet said it had gone from strength to strength.
The fourth quarter of the year is seasonally strong for online gaming companies and PartyGaming did not disappoint after reporting quarter-on-quarter growth across all of its categories, including bingo and casino. KBC Peel Hunt, the stockbroker and advisory house, projected a 24 per cent rise in revenue compared with the same period in 2008, its first year-on-year rise in six quarters.
Yet it was at the poker table that the company played its strongest hand, after revamping its site and working hard to introduce better loyalty offers. It is the first quarter-on-quarter growth that the company, once the largest online poker company in the world, has recorded since 2007.
Jim Ryan, chief executive of PartyGaming, hailed the “return to growth” in the fourth quarter, despite competition from “illegal” US-facing sites.
“Returning poker to growth has been a key focus for us. We are pleased to see that the initiatives introduced throughout the year are now feeding through into both operational and financial performance with increased player numbers and average net daily revenues,” he said.
Meanwhile, Sportingbet also issued a positive trading statement yesterday to coincide with its annual meeting. It said that the strength of its online sportsbook, which accounts for nearly 70 per cent of its revenue, has continued to offset weakness at its poker operation.
PartyGaming looks set to play a significant role in industry consolidation during 2010.
It aims to be a top-three player in the online sportsbook market, after its acquisition of Gamebookers three years ago.
PartyGaming secured a new £35 million banking facility that will fund bolt-on deals. However, the company kept its cards close to its chest over its acquisition plans.
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Wednesday, December 23, 2009
Bingo! The Price Is Right For Virgin Games - December 2009
Winners will be offered the choice of either a cash prize or V-Points, which can be used across a wide range of Virgin products. This new gaming product will compliment a host of new titles which are being added to Virgin Bingo portfolio in the coming months.
A spokesperson for Virgin Games commented on the launch of their latest slot game by saying:
“The Price is Right is the latest addition to our popular bingo offering and will further enhance the site's popularity with gamers across the U.K and abroad.”
Continued: “The game will appeal, not only to those who are familiar with the TV show, but also those who are looking to win serious cash prizes and V Points, which we believe offer some of the best incentives of any online gaming site.”
To find out more about this, and other Bingo games, visit: VirginGames.com
Virgin Games Virgin Games launched in June 2004 and has quickly established itself as one of the leading gaming websites in the UK. Virgin Games comprises four distinct offerings:
Virgin Casino, part of the Wagerworks network, brings consumers classic casino offerings like blackjack and roulette, as well as great feature slots like Monopoly, Cluedo, Dungeons and Dragons Fortress of Fortunes™ and the highly popular MegaJackpots progressive games, with a seeding value of £1,500,000
Virgin Poker, part of the Boss Media network, offers a huge array of games and content for beginners through to experienced pros – as well as the most generous loyalty scheme in the industry
Virgin Bingo, part of the Virtue Fusion network, offers cash prizes worth thousands of pounds in the progressive jackpots, as well as Virgin prize bingo and a range of unique Virgin Games bingo games.
*Sorry, no U.S or Australian players. See World Casino Directory.
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Tuesday, December 22, 2009
Virgin Games Release Treasures Of Troy Online Slot Game - 23rd December 2009
Introduction
Your odyssey to epic riches begins. Enjoy unprecedented levels of slot action with 40 paylines plus 1024 additional ways to win! Bet 40 credits to cover 40 paylines; gain 1024 more ways to win for only 40 credits more. With twenty independent reels, you can reap monumental pays for big clusters of matching symbols.
Get two or more Bonus symbols and storm the city of Troy in the Free Spins Bonus. Enjoy 10, 15, or 20 free spins on extra-rich bonus reels with the opportunity to retrigger the bonus multiple times.
May the gods of Olympus favour you with wealth and glory.
How to Bet
Treasures of Troy® features 40 paylines plus 1024 Ways. You can play any number of paylines in payline-only mode. Or when playing all 40 paylines, you can activate 1024 Ways by doubling your bet. Your bet multiplier may be 1 to 5. Your bet multiplier multiplies payline and MultiWay® wins (if 1024 Ways are activated).
Lines+Ways
Selects the number of active paylines and whether or not 1024 Ways activated. Click the left arrow (with a minus sign) to decrease number of paylines played and to disable 1024 Ways. Click the right arrow (with a plus sign) to increase number of paylines played and to activate 1024 Ways. Choose between 1, 10, 20, 30, 40 paylines, or 40 paylines plus 1024 Ways activated. 1024 Ways may only be activated if you are playing 40 paylines.
Bet Multiplier
Displays current bet multiplier for paylines and 1024 Ways (if activated). Click the left arrow (with a minus sign) to decrease bet multiplier by one. Click the right arrow (with a plus sign) to increase bet multiplier by 1, up to a maximum of 5.
Max Bet
Click the MAX BET button to bet the maximum of 5 credits on all 40 paylines and to activate 1024 Ways with a bet multiplier of 5. MAX BET is not available if you have fewer than 400 credits.
Play
Click the PLAY button to spin the reels. The number shown on the PLAY button is the number of credits bet.
1024 Ways - Multiways® Pays
If 1024 Ways are activated (see How to Bet), you gain 1024 more ways to win with MultiWay® awards. MultiWay® awards pay for matching symbols in any position in four or more adjacent columns, starting from the leftmost column. More than one matching symbol in the same column multiplies the award. Each symbol position is a separate reel, so matching symbols can appear in multiple positions leading to massive wins. MultiWay® awards are paid in addition to any line awards.
You'll enjoy the richest play experience with 1024 Ways activated.
This diagram shows a sample reel outcome focusing only on the King symbols:
*see website
With 1024 Ways activated, this is a MultiWay® award outcome. Since there is at least one King symbol in each of the first four columns (and no King in the fifth column), we have a "4 King" MultiWay® winner.
With a bet multiplier of 1x, a single "4 King" MultiWay® outcome pays 10 credits. However, because some of the columns have more than one King symbol, a "4 King" MultiWay® win occurs on more than one of the possible ways. Each of these ways pays 10 credits.
To determine the number of ways, multiply together the number of relevant symbols from each of the relevant columns. The number of King symbols in the first four columns, respectively, is:
2 Kings -- 3 Kings -- 1 King -- 3 Kings
so the total number of MultiWay® award ways is:
2 x 3 x 1 x 3 = 18 ways
and therefore, we have "4 King" MultiWay® awards along eighteen different ways.
This yields a total MultiWay® pay of:
10 credits per way x 18 different ways = 180 credits
Note that the 180 credit MultiWay® pay is in addition to any line pays. In this example, there is also a "3 King" payline award (formed by the top King in each of the first three columns aligning with the 15th payline).
Since a "3 King" payline award is 15 credits, the total award is:
15 payline credits + 180 MultiWay® credits = 195 total pay credits
Free Spins Bonus
You can trigger the Free Spins Bonus by getting two or more Bonus symbols on any of the centre column reels. The more Bonus symbols that appear at the same time, the more free spins you are awarded.
During the Free Spins Bonus, you can retrigger the Bonus multiple times. Your Free Spins Bonus continues until you have 0 spins remaining, or until you have played 130 free spins, or until the maximum award is reached. To retrigger the Bonus, you need to get two or more Bonus symbols on any of the centre column reels on a Free Spin.
Your bet in the Free Spins Bonus, including 1024 Ways activation, is the same as on the reel spin that triggered the Bonus.
The Free Spin Bonus has richer reels and more ways to win than the main game.
Options
AUDIO
You can turn the audio for the game ON (default) or OFF by clicking the corresponding option.
GRAPHICS QUALITY
You may want to adjust the quality of the graphics to get the optimal animation performance on your computer. In BEST mode, the graphics look the best, but performance may suffer. The HIGH and MEDIUM (default) settings lower the quality but increase the performance. In LOW mode, the graphics are degraded, but the smoothest animation performance is achieved even on slower computers.
Rules
Malfunction voids all pays and plays.
All line pay symbols must appear on a played line and on consecutive reels, beginning with the far left reel.
All payline wins occur on bet lines only.
Only highest winner paid on each payline.
Line wins are multiplied by the bet multiplier.
Coinciding wins on different paylines are added.
MultiWay® wins are formed when the same symbol (or its substitute) appears on contiguous columns starting with the left-most column.
MultiWay® wins are multiplied by the bet multiplier.
MultiWay® wins are paid in addition to line wins (if any).
MultiWay® wins are only paid if 1024 Ways is activated.
Awards are shown in credits.
The maximum win on any transaction is capped at 125,000 currency units (pounds, for example). A transaction includes the results of the Free Spins Bonus plus the outcome which launched the Bonus.
Additional Information
The GAME CONSOLE provides information and access to additional features:
Your current balance in your chosen currency
Your total number of credits
The denomination in which the game is being played. This represents the value of each credit.
The METER BAR on the bottom of the game screen displays the denomination in which the game is being played, the number of credits paid if a win occurred, and the number of credits bet on the last/current proposition.
Treasures of Troy and MultiWay are trademarks or registered trademarks of IGT in the U.S. and/or other countries, and are used with permission. Copyright © 2009 IGT. All rights reserved.
*Sorry, no U.S or Australian players. See World Casino Directory.
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Sunday, December 20, 2009
Virgin Games casino in new online promotions - December 2009
These include deposit bonuses up to the value of £50 on Mondays and Tuesdays, available on slots and blackjack games respectively. On Wednesday, customers will be offered 20 per cent cash back on all losses, while on Thursday, players can win up to 100 per cent deposit bonus up to the value of £100 on all slot games. These promotions are the latest in a series of incentives which Virgin are offering to players, in a bid to become the web’s favourite online gaming site.
Virgin Games was launched in June 2004 and includes Casino, Bingo and Poker sections. The site includes a number of branded games from popular entertainment and television franchises such as the X-Factor and Monopoly. In addition to substantial cash prizes, gamers can earn V Points, which can be redeemed against a whole host of Virgin products, with everything from holidays to jewellery.
The Guernsey-based website is a fully-owned subsidiary of Virgin and adopts the company’s ethos of having fun in that ‘unique Virgin way.’ The group is fully committed to ethical and responsible gaming policies, with an honest and fair approach, as well as a secure 128 bit SSL encryption for complete safety and peace and mind.
A spokesperson for the Virgin Games commented on these new casino promotions by saying:
"We are committed to offering our customers the very best gaming experience, with an unrivalled bonus structure to reward our most loyal players. These promotions compliment a range of offers and new products we are constantly adding, in our bid to become the very best online gaming site."
To find out more about these and other special offers, visit: VirginGames.com
Virgin Games launched in June 2004 and has quickly established itself as one of the leading gaming websites in the UK. Virgin Games comprises four distinct offerings:
Virgin Casino, part of the Wagerworks network, brings consumers classic casino offerings like blackjack and roulette, as well as great feature slots like Monopoly, Cluedo, Dungeons and Dragons Fortress of Fortunes™ and the highly popular MegaJackpots progressive games, with a seeding value of £1,500,000
Virgin Poker, part of the Boss Media network, offers a huge array of games and content for beginners through to experienced pros – as well as the most generous loyalty scheme in the industry
Virgin Bingo, part of the Virtue Fusion network, offers cash prizes worth thousands of pounds in the progressive jackpots, as well as Virgin prize bingo and a range of unique Virgin Games bingo games
*Sorry, no U.S or Australian players. Please see World Casino Directory.
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Virgin Casino Gets Super Hero Slot Games, by Greg Tingle - December 2009
Cryptologic's popular The Hulk, Spider-Man and Fantastic Four have leapt into action at Richard Branson's Virgin Games operation.
History buffs will be interested to know that it was living legend, Stan Lee, who was a driving force in developing many of the Marvel super hero characters over the decades. Lee also appears in Marvel motion pictures from time to time, usually in cameo roles.
"Big brands drive player popularity and that is why Cryptologic is excited to launch a game based on Superman, one of the most iconic brands of the entertainment world," said the President and CEO of Cryptologic, Brian Hadfield.
Other new games to be found at Virgin Casino include NextGen Gaming's Blankety Blank and The Price is Right, Cryptologic's Cubis, Virtue Fusion's Dynamite Digger and Ash Gaming's Rubik's Slot.
Virgin Games offer a rewards system, V*Points, which is regarded as one of the industry top reward programs.
2010 will see more new games released at Virgin, and be on the lookout for more Marvel hero themed movies to hit the cinema including Thor and Iron-Man II, and don't be surprised to see more super hero themed games to hit Virgin in the coming months. As Stan Lee says, EXCELSIOR!
Play for free or play for money at Richard Branson's Virgin Games.
*Sorry, no U.S or Australian players. See World Casino Directory.
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PartyGaming and Sportingbet both upbeat, but market awaits deals - 18th December 2009
The company was recently said to be in talks with Austria's Bwin about a merger, although Bwin subsequently played this down. Today PartyGaming annouced it had set up a new £35m loan which would be used for "general corporate purposes including mergers and aquisitions." But that is not enough cash to cover the sort of deals investors had in mind, ie the Bwins of this world.
On the business front the company said current trading was solid, and earnings for the year were expected to be slightly ahead of expectations. Its shares have edged down 0.3p to 258.3p but Investec analyst Matthew Gerard issued a buy note and said:
Albeit brief, this is an encouraging update. We expect the increasing focus on casino and bingo to drive robust revenue and earnings growth in what remains a structurally attractive sector. This supports the current 15 times 2010 PE valuation, whilst consolidation and regulatory change-driven growth offers more material upside, in our view.
KBC Peel Hunt's Nick Batram was also positive:
Our buy stance is based upon the view that Party is an attractive asset in a global market with exciting growth and consolidation prospects. Poker has stabilised, casino and sportsbook are growing and new markets and B2B present further opportunities. Assuming stable currencies the group should return to earnings growth in 2010. A prospective PE of 16.1 times doesn't look expensive given the opportunity for growth and corporate activity.
Elsewhere Sportingbet shares climbed 1.25p to 66.25p after an annual meeting statement stating that trading was in line and the company was confident of a satisfactory outcome for the year. Oriel Securities analyst Jeffrey Harwood said:
Sportingbet indicates that the main trends seen in the first quarter (reported on 25 November) have continued. The group is benefiting from its focus on European sports betting where revenues were 56% ahead in the first quarter.
Following some recent weakness the shares look attractive on a prospective PE of 10 times. Shares moving up to the main market in early 2010.
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Thursday, December 17, 2009
PartyGaming's PartyCasino and PartyPoker in line for more awards, by Greg Tingle - 18th December 2009
PartyGaming remains the world’s leading listed online gaming company. Founded in 1997, the
Group has its shares listed on The London Stock Exchange.
Coming off a wave of momentum with its successful purchase of World Poker Tour (WPT Enterprises), Cashcade a number of months ago, and the release of a swag of new slot games, the company is tipped to continue domination of the gaming and igaming world.
Party's awards and commendations include eGaming Review Operator Of The Year and Socially Responsible Operator Of The Year.
This month PartyCasino.com has made the shortlist for Media Man - Casino News Media Online Casino Of The Month, and PartyPoker.com gets to the finals for the Media Man - Casino News Media Online Poker website Of The Month.
The company also achieved inclusion in the FTSE4Good Index Series and last month won 'Best Communications by a private sector company' for the second year running at the CorpComms Awards. PartyCasino and PartyPoker also carry the eCOGRA seal of approval.
As the company looks forward to the new year they look to continue innovation, value for money, world class service, and growth into new geographic regions including South America, Indian, France and the Asia Pacific.
PartyGaming will continue to revamp its websites including it's ever growing PartyCasino.com site, thanks to the frequent games being added and its newly acquired Club WTP website, now sporting a PartyGaming look and feel to it.
PartyGaming remains poised to make more inroads into the United States coming off the back of its purchase of WPT Enterprises (U.S residents can play online poker on the Club World Poker Tour website without potential legal complications). PartyPoker.com ambassador, Stewart Scott, has just been doing a fine job promoting the PartyGaming and PartyPoker.com brand on a national and international basis, and will be defending his poker championship at Aussie Millions 2010 this January at Mr Packer's Crown Casino in Melbourne, Australia.
PartyGaming sites are available in a wide array of languages and currencies, and are available for play around the lock. Players can enjoy most games in either free mode or play for money mode. Last month the PartyCasino jackpot of close to $5 million dollars was one, and as we head towards Christmas the jackpot nears $1 million. PartyCasino also offers the Marvel Hero Jackpot, thanks to their business agreement with Marvel Entertainment. Insiders tip that Thor and The Hulk are the most popular Marvel slots at present, and this may be related to a Thor movie in the works and wrestling living legend, Hulk Hogan, being very prominent in the press of late, just returning to the United States after his successful Hulkamania tour of Australia. A bit of history...Hogan bought the rights to use "Hulk" from Marvel in the 1980's for a million dollars or thereabouts. Rumors persist of a potential Hulk Hogan, Ric Flair and Andre The Giant online slot machine in the new year, but that's another story for another time.
PartyGaming also offers a number of other world class promotions such as Cash Machine, Monthly Million, Slotastic Sundays, and reward offerings, PartyPoints and the very popular Palladium Lounge which has proved to be a must visit destination for PartyGaming VIP's.
It's been a hugely successful year for PartyGaming and the industry and players alike expect more groundbreaking developments from the company as 2010 approaches.
*the writer has a b2b relationship with a number of PartyGaming brands, as they do with dozens of other brands in the gaming and igaming world.
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Wednesday, December 16, 2009
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US – Formula 1 helps drive Nevada to its second most profitable month in November - Januaary 2024
Nevada’s casinos enjoyed their second-highest win ever, fuelled by the excitement surrounding the return of Formula One racing, which boosted the Strip’s performance by 22.6 per cent.
Only July earlier in the year was more lucrative for casinos in Nevada meaning that the state smashed its personal best twice in 2023.
Across the state, casinos generated $1.37bn, an increase of 12.5 per cent rise from November 2022 with Formula One clearly playing its part in an increase in tourism with 3,292,800 visitors in November.
Michael Lawton, senior economic analyst, said: “The four-day period beginning on November 16th was extremely profitable for both gaming and non-gaming activity on the Las Vegas Strip with some properties estimating those days established all-time record levels of revenue. The event’s success was more evident at luxury properties where the Las Vegas Strip’s baccarat increase accounted for 78.6 per cent of the state’s growth this month. Additionally, the 25 licensees that are included in the $72m or over revenue range for annual gross gaming win on the Las Vegas Strip increased by $160m or 25.8 per cent compared to last November and accounted for over 100 per cent of the state’s entire increase for the month.”
The Strip’s games win came in at $410.1m, marking the third highest total in Nevada’s history, and up 61.9 per cent from last year. This increase was led by baccarat which generated $178.3m, up 208.7 per cent from last year.
The influx of tourist spend wasn’t felt everywhere across the state though with Downtown Las Vegas down two per cent with revenues of $81.1m.
The Boulder Strip was down 2.1 per cent to $83.3m whilst North Las Vegas secured a 0.61 per cent increase to $23m. North Lake Tahoe experienced an eight per cent fall as did South Lake Tahoe.
For the year so far, Nevada GGR are on track to set a new record with revenues up 4.1 per cent over the first 11 months of the record-breaking 2022. November also saw the 33rd consecutive month that the state generated revenues of more than $1bn with November’s revenue coming in higher than November 2019’s total by 46.6 per cent.
US – Billion dollar plus months are the new norm for Nevada but could the Strip soon hit the milestone too? - March 2023
The Las Vegas Strip’s best ever February helped push the state of Nevada to yet another billion dollar plus month, marking two years of consecutive $1bn plus months and begging the question; is this now the norm for Nevada?
The Strip, with 28 casinos, generated $712.4m in revenue, increasing from $599.1m in February 2022 with the State’s 441 casinos bringing in $1.24bn in February, marking an 11.2 per cent increase from February 2022.
Clark County casinos alone surpassed $1bn for the 10th straight month, with analsysts now asking if the Strip could generate the milestone on its own.
Michael Lawton, Senior Economic Analyst for the Control Board, believes that following 24 months of $1bn plus months for Nevada, the figure has become the norm.
He said: “I think after 24 consecutive months you could safely say it is [the norm]. Obviously there is a lot of economic uncertainty, however that uncertainty has not spilled over into the record gaming win amounts we have witnessed over the last two years. Clark County has recorded over $1 billion in 10 consecutive months and in 17 out of the last 24 months. The Strip in December of 2022 recorded a win amount of $814.2 million which was the all-time record for the market. I think there is interest if the Strip on its own could hit the billion-dollar amount.”
In February, Clark County’s gaming revenue accounted for 87.4 per cent of Nevada’s total win with the Strip having 57.6 per cent of the state’s total.
For the state as a whole, slot win increased by 7.6 per cent to $822.8m whilst tables increased 18.6 per cent to $102.5m. Nevada sportsbooks won $41.2m, increasing 33.5 per cent from last year’s February, although the amiount staked was down 15.6 per cent to $659.4m.
Brendan Bussmann, Analyst at B Global, believes thee is still space for more revenue growth.
“We still do not have some of the foreign guests back, and the business customer is still returning, which will likely drive additional opportunity for gaming revenue,” he explained. “There are still a number of headwinds with economic and geopolitical forces that could impact the current trends in revenue. With a recession pending, a potential banking crisis, and other factors, Nevada continues to prevail through these challenges but these and other factors could have an overall impact on Clark County and the rest of the state.”
Pro Wrestling WWE RAW
Punk to McIntyre: “No one will stop me from winning the Royal Rumble”: Raw highlights, Jan. 8, 2024
https://www.youtube.com/watch?v=XvW3l0FM8Fg&ab_channel=WWE
"I'm one of the new people on this roster still who travelled the world with you for years. I know the real CM Punk. I've seen what you're truely like and I've had so many things happen to me caused by you. I could go on for all night actually but we're only got a 3-hour show, so maybe I'll go over the first thing that comes to my head"... - Drew McIntyre
Media Man: The greatest wrestling promos are often the ones that have real situations and back stories to them, as is such the case here. The story somewhat writes itself! Hyped for tonight and the Royal Rumble. They are talking the fans into the building, in old school speeak.
#WWERaw #CMPunk #DrewMcIntryre #WWERoyalRumble #RoyalRumble #prowrestling #wrestling #entertainment #broadcast #broadcasting #USANetwork #popculture #story #storytelling #storylines #shoot #promo #promotion #trends #trending #buzz #TV #media
Image credit: WWE
Pro Wrestling
WWE RAW
CM Punk returns to Raw for first time in 2024: WWE Now, Jan. 8, 2024
https://www.youtube.com/watch?v=0UciKUeh-R8&ab_channel=WWE
Punk to McIntyre: “No one will stop me from winning the Royal Rumble”: Raw highlights, Jan. 8, 2024
https://www.youtube.com/watch?v=XvW3l0FM8Fg&ab_channel=WWE
Ludwig Kaiser unleashes a vicious attack on Kofi Kingston: Raw highlight, Jan. 8, 2024
https://www.youtube.com/watch?v=LDWn-hoZlUQ&ab_channel=WWE
Tommaso Ciampa vs. Finn Bálor: Raw highlights, Jan. 8, 2024
https://www.youtube.com/watch?v=zUScaRQzT2M&ab_channel=WWE
The Rock makes a surprise return to Raw: Raw highlights, Jan. 8, 2024
https://www.youtube.com/watch?v=S_AHQt0rrQk&ab_channel=WWE
and more via the live broadcast and the Official WWE YouTube Channel
#WWERaw #WWERoyalRumble #RoyalRumble #CMPunk #DrewMcIntyre #LudwigKaiser
#KofiKingston #Ciampa #FinnBalor #JudgementDay #wwetag #prowrestling #wrestling #womenswrestling #entertainment #popculture #USANetwork #broadcast #YouTube #YT #video #highlights #hype #promo #trends #trending #buzz #TV #media
Image credit: WWE
UFC
Combat Sports
UFC Top Finishes | Slams
https://www.youtube.com/watch?v=c5Tmmd944G0&ab_channel=UFC
"Can not lift. She can't do it. There, now she's working on the problem which is the hand. No, can't lift there. Oh, she"...
Media Man: The "slam" title got us. Long time fans of the MMA and wrestling/pro wrestling connection. A good old fashioned (or new age) slam will do just anytime. Get the opponent into position with strikes and wear down holds, and SLAM"!
#UFC #MMA #mixedmartialarts #slam #slams #bodyslam #wrestling #combatsports #highlights #moments #video #YouTube #sportsmedia #sportsnews #media
Image credit: UFC
Pro Wrestling
WWE RAW
FULL MATCH – Cody Rhodes vs. Shinsuke Nakamura – Street Fight: Raw highlight, Jan. 8, 2024
https://www.youtube.com/watch?v=20ZWZ67LLYE&t=6s&ab_channel=WWE
"Shinsuke Nakamura says he wants to finish Rhodes' story for him" - Michael Cole
"Cody, Cody, Cody" Fans
"This is a street fight. Anything goes. You must win via pinfall or submission"... Michael Cole
"...Master of mind games. He is going to make Cody Rhodes wait" MC
"Yeah. Emotions can be a cruel mistress if you loose control of them and if you loose control in a street fight it can really come back to hurt you" Wade Barrett
Best Raw moments: Raw highlight, Jan. 8, 2024
https://www.youtube.com/watch?v=Hhrx0TPMrUE&ab_channel=WWE
Jinder Mahal initiates a brawl with Seth “Freakin” Rollins: Raw highlight, Jan. 8, 2024
https://www.youtube.com/watch?v=cWlqP-23L74&ab_channel=WWE
Nia Jax says she will choose Rhea Ripley when she wins the Rumble: Raw highlights, Jan. 8, 2024
https://www.youtube.com/watch?v=fJ1UdSANNEQ&t=8s&ab_channel=WWE
Otis vs. Ivar: Raw highlight, Jan. 8, 2024
https://www.youtube.com/watch?v=cnxdnMMGI-Q&ab_channel=WWE
Carter & Chance vs. Green & Niven – WWE Women’s Tag Team Title Match: Raw highlight, Jan. 8, 2024
https://www.youtube.com/watch?v=mqR4cS_jtxc&t=4s&ab_channel=WWE
R-Truth explains the love he shares with The Judgment Day: Raw highlights, Jan. 8, 2024
https://www.youtube.com/watch?v=PTodBw_bhiU&ab_channel=WWE
and more via the official WWE YouTube Channel
www.youtube.com/wwe
#WWERaw #WWERoyalRumble #RoyalRumble #CodyRhodes #ShinsukeNakamura #CMPunk #DrewMcIntyre #LudwigKaiser #KofiKingston #Ciampa #FinnBalor #JudgementDay #RTruth #Miz #RheaRipley #NiaJax #wwetag #prowrestling #wrestling #womenswrestling #entertainment #popculture #USANetwork #broadcast #YouTube #YT #video #highlights #hype #promo #trends #trending #buzz #TV #media
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'Golden Globes' ratings increase by 50%
Entertainment giant CBS announced Monday that the Golden Globe Awards, which aired Sunday, averaged 9.4 million viewers. This is 50% more than the 2023 broadcast, according to the mega network.
2020 was the last year the Globes were watched by more people. Sunday's show was also the first ceremony since the Hollywood Foreign Press disbanded and expanded the voting body.
Jo Koy hosted the Golden Globes. Winners included Paul Giamatti and Da'Vine Joy Randolph for The Holdovers, Emma Stone for Poor Things, which also won Best Picture Comedy or Musical, as well as stars Cillian Murphy and Robert Downey, Jr., and director Christopher Nolan for Oppenheimer.
CBS said the Globes was the second largest CBS event ever streamed on Paramount+. The largest awards show on the network and streaming service before that was the 65th Grammy Awards in February.
The Golden Globes previously aired on NBC.
The Globes have been widly critized in most of the media and in the court of public opion over the past number of years for becoming highly political.
News
Sky News Australia report
Hollywood 'finally' got the 'Ricky Gervais memo' following Golden Globes
https://www.youtube.com/watch?v=nmoOlZbLL7U&ab_channel=SkyNewsAustralia
Under The Water Cooler...
"The entertainment er showbiz industry has always been political in one way or another, but the last 4 or 5 years saw certain chapters of it become even more so. Much of the general public has turned out and turned onto YouTube, Netflix, Rumble, niche streaming channels, or just consuming less entertainment content. The superhero genre is one of the hardest hit sectors, thanks in part due to political messanging that may please some entertainment producers and their clique, but not the public and large. Many entertainment company share prices have dived to long term lows as the general public votes with both their minds and wallets. The industry lives on but is embattled to say the least".
#GoldenGlobes #GoldenGlobes2024 #CBS #showbiz #entertainment #entertainmentnews #movies #politics #ratings #content #contentnews #TV #media #mediaman
Entertainment News via Sky News Australia
Hollywood ‘woken up’ to ‘reality’ after absence of virtue-signalling at Golden Globes
https://www.youtube.com/watch?v=TWMfrY8JwL0&ab_channel=SkyNewsAustralia
Sky News Australia host Piers Morgan says there seems to be a “movement” growing in Hollywood after this year’s Golden Globes featured no political speeches, virtue signalling or grandstanding.
Mr Morgan was joined by clinical psychologist and public intellectual Dr Jordan Peterson to discuss the matter.
“People basically did what Ricky Gervais told them to do three years ago, which is get up, you know, thank your agent, and sit down and just celebrate making movies or TV shows,” Mr Morgan said.
“I felt that there is a movement going on now of a real backlash from perhaps a majority that's been silent until now that's just said 'enough'.
(Credit: Sky News Australia)
#GoldenGlobes #GoldenGlobes2024 #SkyNewsAustralia #Sky #CBS #entertainmentnews #showbiz #popculture #movienews #movies #YouTube #video #politics #broadcast #newsmedia #media
Crypto News
Bitcoin to soar as ETFs on cusp of approval
- January 9, 2024
The price of Bitcoin is spiking and one analyst predicts it could more than triple in value and hit $300,000 by the end of 2025.
Bitcoin has risen above $US47,000 (A$70,000) for the first time since April 2022 and one analyst is predicting it could more than triple in value to be worth US$200,000 (A$298,000) by the end of 2025.
The prediction comes after news that US regulators appear ready to finally approve Bitcoin exchange-traded funds (ETFs).
In a note, Standard Chartered head of crypto research Geoff Kendrick wrote: “If ETF-related inflows materialise as we expect, we think an end-2025 level closer to US$200,000 is possible.”
It has been over a decade since the first applications for ETFs that invest directly in the digital currency were filed with the US Securities and Exchange Commission (SEC).
Prospective ETF issuers BlackRock, Fidelity, Invesco, Ark, Galaxy Digital and WisdomTree filed amended forms on Monday in what is seen by analysts as a final push to offer the investment products.
The regulator has until Wednesday to make a decision on the applications, which could result in an investment product tracking the daily price of the most popular digital currency traded on a stock market for the first time.
If approved, the advent of Bitcoin ETFs is expected to drive up Bitcoin’s price due to increased accessibility and liquidity of the digital currency.
The rise in Bitcoin also flowed through to a surge in the price of other cryptocurrencies, such as Ethereum, Cardano, SOL and Polkadot, while the share prices of listed crypto exchanges and miners such as Coinbase Global, Riot Platforms and Marathon Digital also rose.
Bitcoin’s previous all-time high of almost $US69,000 (A$103,000) was reached in November 2021.
#Bitcoin #BitcoinNews #BitcoinETF #BitcoinETFs #ETF #cryptonews #cryptocurrencynews #cryptocurrencies #fintech #BTC #SEC #BlackRock #Fidelity #Invesco #Ark #GalaxyDigital #Galaxy #WisdomTree #Ethereum #Marathon #SOL #Polkadot #Riot #RiotPlatforms #bizneews #biz #finnews #digitalnews #research #trends #trending #buzz #hype #cryptoculture #culture #AI #X #media
(Newsfeeds)
Bitcoin Rally Cools in Countdown to US Spot ETF Decision by SEC - 9 January 2024
Bitcoin consolidated after briefly rallying past $47,000 on optimism that regulators are set to approve the first US exchange-traded funds investing directly in the world’s largest digital asset.
The token dipped to $46,739 as of 6 a.m. Tuesday in London after a 6.5% jump on Monday in the US to a 21-month high. Bitcoin’s new year climb now stands at 10%, contrasting with drops over the same period in stocks and gold.
The crypto market expects a green light for US spot Bitcoin ETFs by a Jan. 10 deadline. Prospective issuers such as BlackRock Inc., Fidelity Investments and Ark Investment Management updated paperwork with the Securities and Exchange Commission, and the regulator has until Wednesday to take action on at least one of the applications.
Speculators are wagering that the agency will announce a slew of decisions at once to avoid handing out a first-mover advantage. If the funds are approved, the next question is how much money they will woo. Bitcoin is up 172% in the past 12 months in a sign that traders anticipate wider adoption of the token.
“Participants seem to be coming around to thinking that the initial flows will actually exceed expectations,” said Kyle Doane, a trader at Arca.
Applicants amended forms on Monday in the US in a final push to offer spot Bitcoin ETF products more than a decade after the first attempt.
SEC Chair Gary Gensler has repeatedly argued that crypto is rife with fraud and misconduct. The agency cracked down on the sector following a 2022 rout and collapses such as the bankruptcy of Sam Bankman-Fried’s FTX exchange.
But the SEC last year lost a key legal fight against crypto asset manager Grayscale Investments LLC, spurring speculation that the regulator will have to acquiesce to the spot ETFs. The spat was over the $29 billion Grayscale Bitcoin Trust’s desire to convert into such a product.
ETF Critics
Critics contend that spot crypto ETFs would pose a risk for investors given that digital assets are notorious for volatility and attracting illicit activity.
“What’s going to happen, unfortunately, is lots and lots of Americans in our view, are going to get hurt financially,” said Dennis Kelleher, chief executive officer of financial reform nonprofit Better Markets.
The months-long advance in Bitcoin has lifted the digital-asset market more broadly, bolstering smaller tokens like Solana and Avalanche. US crypto-linked stocks mostly rose on Monday, providing a tailwind for Asian peers such as Japan’s Monex Group and Woori Technology Investment Co. in South Korea.
Pullback Risk
Some crypto watchers wonder whether Bitcoin is ripe for a pullback if and when SEC approval finally lands, since speculators may decide to bank a slice of profits from the token’s rally.
There are “no signs” of a so-called sell-the-news event just yet, Chris Weston, head of research at Pepperstone Group Ltd., wrote in a note. Based on chart patterns, the $51,000 level is a possible target before any such retreat, according to Tony Sycamore, a market analyst at IG Australia Pty.
Looking past short-term price gyrations, “the main result of Bitcoin spot ETF approval will be the marketing machine behind greater Bitcoin awareness, powered by some of the largest names in traditional finance,” wrote Noelle Acheson, author of the Crypto Is Macro Now newsletter.
The token reached a record high of almost $69,000 back in 2021 during a pandemic-era bull run fueled by ultra-low borrowing costs.
#Bitcoin #BitcoinETF #ETC #crypto #cryptonews #cryptocurrencies #SEC #markets #finance #fintech #digitalnews #digitalbiz #digitalbusiness #newsmedia #newsfeeds #media
Bitcoin News Media
January 8, 2024
Bitcoin ETF Insider Leak Powers Bitcoin Price Surge Over $45,000 After $1.6 Trillion Ethereum, XRP, Solana And Crypto Boom
Now, as panicked traders try to get ahead of the U.S. Securities and Exchange Commission's (SEC) "rug pull of the decade," an insider leak has revealed BlackRock has readied a huge $2 billion bazooka if its spot bitcoin ETF bid is approved.
"I heard from a pretty well placed source that BlackRock has more than $2 billion lined up in week one in new incremental flows from existing bitcoin holders who are adding to positions," Matthew Sigel, head of digital assets research at investment company VanEck, said during an X Spaces broadcast organized by The Block.
"I can't vouch for that," Sigel added. "But you know, that's what everyone is doing. Just making phone calls and trying to find the folks who can write checks into these products. And our estimates—that, you know, if that $2 billion happened in week one, you know, that would blow away our estimates."
1/8 update: The bitcoin price has shot over $45,000 per bitcoin as the Wall Street race to get a bitcoin spot exchange-traded fund (ETF) to market enters its final week. The price surge boosted the price of ethereum, XRP and solana as traders bet a historical spot bitcoin ETF would boost crypto prices across the board.
This week, spot bitcoin ETF hopefuls, including BlackRock, Fidelity and Grayscale, have met the deadline to file their amended documents.
This filing "is another important step towards uplisting GBTC as a spot bitcoin ETF," Grayscale spokeswoman Jenn Rosenthal said in a statement to Coindesk. Grayscale has been trying to convert its bitcoin trust to a fully-fledged spot bitcoin ETF for years, last year successfully suing the SEC over its rejection of its bid. "At Grayscale, we continue to work collaboratively with the SEC, and we remain ready to operate GBTC as an ETF upon receipt of regulatory approvals."
"Market participants maintain expectations for the approval of the 21Shares filing, potentially triggering a cascade approval for all issuers," Matteo Greco, a research analyst at investment company Fineqia International, said in emailed comments, referring to the Ark 21Shares spot bitcoin ETF bid that's first in line.
"Numerous meetings between the SEC, issuers, and exchanges have fuelled the narrative of an imminent approval. The introduction of ETFs could usher in new investor cohorts from traditional finance, significantly improving market transparency and liquidity and bringing long term capital inflow in the digital assets market."
Sigel said VanEck was anticipating "$2.5 billion in the first quarter of trading," a figure derived from "past flows into the first gold ETF and adjusting by the U.S. money supply. And we have a $40 billion market opportunity over two years based on a similar analysis."
"$2 billion week one into BlackRock alone would blow expectations out of the water," Travis Kling, the chief investment officer of Ikigai Asset Management, posted to X. "Half that from all ETFs combined would have been a pretty good outcome."
VanEck, along with other spot bitcoin ETF hopefuls BlackRock, Fidelity, Grayscale, Valkyrie, ARK 21Shares and InvescoIVZ +1.8% have rushed to finalize their applications this week ahead of a January 8 Monday morning deadline.
Five SEC commissioners will reportedly vote on the spot bitcoin ETF bids next week, according to Bloomberg, citing an anonymous source.
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(Sources: Wires, Newsfeeds, X)
"Sports Marketing Powerhouse" official; WWE and UFC Combo
The UFC and WWE global partnerships teams have officially become one in its pitch to provide brands with access to “one of the most formidable sports marketing portfolios in the world”.
Sports and entertainment company, TKO Group, announced the news this after the MMA (mixed martial arts) promotion and the professional wrestling based Goliath merged under the new company late last year.
Per media statement TKO said the move to join the teams will offer marketers expanded inventory, increased brand visibility and international reach.
Grant Norris-Jones will lead the new unit as Executive Vice President and Head of Global Partnerships for TKO (including all UFC and WWE entities), while Lou Koskovolis will take on the expanded role as TKO’s Executive Vice President of Global Partnerships.
“Since Endeavor acquired UFC in 2016, UFC’s global partnerships business has become a significant growth area,” TKO’s chief financial officer, Andrew Schleimer, said.
“And we believe WWE’s partnerships business has similar potential. Together, UFC and WWE create a sports marketing powerhouse, with hundreds of live events per year and a reach that’s equal to, or better than, the world’s biggest sports properties.
“The newly integrated global partnerships team will offer premium brands the opportunity to integrate and activate within UFC’s and WWE’s extraordinarily popular content to engage their massive fan bases around the world.”
The UFC is currently preparing for its highly anticipated, pub and cafe talk fodder UFC 300 event in Vegas in April, while the WWE’s February premium live event, Elimination Chamber, is set to go ahead at Perth’s Optus Stadium on 24 February.
WrestleMania Season has come early for many fans around the world. 2024 may end up being the biggest year in history for the WWE in most boxes including the bottom line, as well as excitement, perhaps equal to the very first WrestleMania back in 1985. This is cinema!
More News
WWE PLE's (Premium Live Events) 2024
Confirmed at time of publication
WWE Royal Rumble
January 27. Tropicana Field St. Petersburg, Florida
WWE Elimination Chamber: Perth
February 24. Optus Stadium Perth, Western Australia, Australia
WWE WrestleMania 40
April 6, April 7. Lincoln Financial Field Philadelphia, Pennsylvania
WWE Backlash: France
May 4. LDLC Arena Décines-Charpieu, Greater Lyon, France
WWE Money in the Bank
July 6. Scotiabank Arena Toronto, Ontario, Canada
WWE Bash in Berlin
August 31. Mercedes-Benz Arena Berlin, Germany
Media Man: WWE, part of the TKO Group @TKOGrp is riding a wave of momentium. Strike while the iron is hot. Global domination of the professional wrestling landscape continues. Premium Live Events is the newer term what previously were called Pay-Per-View (PPV) events. Under leadership of Nick Khan and Triple H WWE is powering ahead in a very much global major event direction, as well as presenting amazing storytelling and in-ring action, while the marketing, merch and media arms keep powering ahead, frequently breaking and smashing records. Back in our Optus TV PPV and Main Event TV collaboration work at Optus we always saw the potential of massive WWE growth, but certainly never saw it getting this big. - Greg Tingle, Media Man Group





