Real-Money WSOP, WPT Moves to AC, Google Eyes Party
The business of online poker is dominating the news this week.
WSOP.com has become the second legal online poker site in the United States while bwin.Party may be looking at a takeover attempt. Also, the World Poker Tour Championship has a new home.
WSOP.com Now Online With Real Money Poker
WSOP.com is now the second legal online poker site in the United States.
News came out on Monday that the site wouldgo live on Thursday, but those who were already pre-registered with the site were emailed with a special link for immediate access.
WSOP.com is different than Ultimate Poker, the first legal poker site that opened in Nevada earlier this year.
In addition to Texas Hold'em WSOP.com also offers Pot-Limit Omaha, Omaha Hi-Lo Split, Seven Card Stud and Stud 8 or Better.
Only residents or visitors to Nevada can play on WSOP.com, but that could change in the near future if the state pursues compacts with New Jersey and Delaware.
New Jersey is scheduled to go online sometime in November with real-money gaming.
WPT World Championship Moves to Atlantic City
The most prestigious tournament on the World Poker Tour has a new home. Starting this season, the $25,000 WPT World Championship will be played at the Borgata Hotel & Casino in Atlantic City.
The Bellagio in Las Vegas had hosted the event since the inception of the World Poker Tour, making this a historic change.
According to WPT President Adam Pliska, "We're very pleased to name Borgata - now home to four of the five biggest tournaments in WPT history - the host of the Season XII WPT World Championship."
"With Borgata's well-deserved reputation for running world-class tournaments and providing unparalleled service to its players, we believe this venue is perfectly suited to host our season-culminating event. We look forward to working with the team at Borgata to bring the WPT World Championship to new heights."
In addition to the WPT Championship move to Borgata, the WPT also announced that PartyPoker would be the official sponsor of the event.
Bwin.Party Could Be Target of Takeover Attempt
The merger of bwin and Party Poker was one of the hottest topics in online poker over the last few years. After the merger, the stock price has steadily slid to the point that the company may be looking at a takeover attempt.
According to reports, Google is making a play at the European gaming giant. If reports prove true, the company is looking to pay 200 pence a share for the company, more than double the current rate of trade on the London Stock Exchange.
The move by Google could be a strategic attempt to position themselves in a legalize US online poker market.
bwin.Party already has deals in place in both Nevada and Atlantic City and likely will be a player in any legalized market that opens up in the future. Should the deal become a reality, it could be signed by the end of 2013.