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Garfed   Malta. Aug 05 2015 11:00. Posts 4818

PokerStars adds $100 Spin & Go tournaments
Spin & Go tournaments with a buy-in of $100 have now been officially launched on PokerStars. Until now, this tournaments have been available on PokerStars with buy-ins from $1 to $60 (and a maximum prize pool of $216,000 and first-place prize of $180,000).

The new $100 buy-in tournaments will have a maximum prize pool of $360,000, and a maximum first-place prize of $300,000. This is a direct move of PokerStars after a huge popularity of $60 Spin & Go tournaments both amongst recreational and professional players.

Further details and raking available online here:
https://www.pokerstars.com/poker/spin-and-go/

Amaya makes last bid for bwin.Party
It was almost certain that 888.com is going to buy bwin.Party for ~$1,400,000,000 and Amaya (owner of FullTilt and PokerStars) lost the bidding war. However, it turns out not to be true, as Amaya made a last chance bid that has a chance of taking over.

It all started when Amaya offered to purchase bwin.party for 110p per share. A week later 888 Holdings, which had previously pursued bwin.party, offered 104.09 per share, and even the offer was lower then Amayas bwin.party recommended that its shareholders accept it, as 888 Holdings wasn't going to divide the company as opposed to Amaya.

It turns out the last bid to buy bwin.party, would be at 122.5p per share. 25p of that will be in cash and the remainder would be in new GVC stock.

That means the new sum of purchase would amount to $1.57 billion.

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diggerflopboat   . Aug 07 2015 18:08. Posts 241

It is interesting to watch this environment which usually runs like a complex game we cannot begin to analyze but because of the massive player(s), and the few smaller competing players the game is far more simple than most industries.

Amaya of course would love to buy up all of its competition as well as inherit both the customers and their meta data etc.

But of course there is great incentive for all other sites to not let this happen, and it shouldn't be surprising that other sites all feel they would benefit from not only attaining this type of equity but also keeping it out of the hands of Amaya.

Yet depending on how things unfold and the bargaining going on their might be limiting value for each player but on the other hand it would always be beneficial to at least pretend to outbid the opponent and so raise the price the other site might pay.

Unfortunately in this case I think the players always lose because we are essentially creating massive debt bubbles that in the future will not be able to focus on a sustainable and profitable game but rather a game that is set to cannibalize itself as fast as it can in order to sustain and manage debts.

 Last edit: 07/08/2015 18:16

 



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