October 2012
Betfair Extends Expands Contract with Playtech
01/10/12 09:14 Filed in: Sports Betting
The backbone of every online gambling site is the software it uses to power its catalogue of games. In recent years Betfair has powered its network with solutions from Playtech, a business relationship that it intends to retain going forward.
Betfair has just announced that it will be continuing to work with well known software developer, Playtech in the coming years. The internet gaming company recently renewed its contract with the developer while also expanding on the number of services it will hire the company to provide. Betfair will now be counting on Playtech to provide not only casino software, but also new bingo software and an option to take advantage of the developer's existing online poker network. The new terms in the contract between the two businesses will allow Betfair to offer a much larger range of betting games through both its desktop and mobile site versions. While no service expansions have been announced as of yet, Betfair and Playtech have confirmed that they will work together to release a new, licensed poker product in Spain in the near future.
Ian Chuter, Betfair's Group Operations Director, told press that his company "has built a strong relationship with Playtech over a number of years" and that they were still "the logical choice for providing us with what we now need." Hinting at a service expansion, Chuter added that a wider contract with Playtech will enable Betfair to "[provide] customers with a high quality one-stop shop for all their betting needs."
Betfair has just announced that it will be continuing to work with well known software developer, Playtech in the coming years. The internet gaming company recently renewed its contract with the developer while also expanding on the number of services it will hire the company to provide. Betfair will now be counting on Playtech to provide not only casino software, but also new bingo software and an option to take advantage of the developer's existing online poker network. The new terms in the contract between the two businesses will allow Betfair to offer a much larger range of betting games through both its desktop and mobile site versions. While no service expansions have been announced as of yet, Betfair and Playtech have confirmed that they will work together to release a new, licensed poker product in Spain in the near future.
Ian Chuter, Betfair's Group Operations Director, told press that his company "has built a strong relationship with Playtech over a number of years" and that they were still "the logical choice for providing us with what we now need." Hinting at a service expansion, Chuter added that a wider contract with Playtech will enable Betfair to "[provide] customers with a high quality one-stop shop for all their betting needs."
Full Tilt Poker Executive Pleads Guilty to Criminal Charges
01/10/12 09:14 Filed in: Poker | Poker News
The worst of the Black Friday legal indictments may be over for many companies, but for some of the key players in the debacle the real implications of the scandal may have just begun. 41 year old Nelson Burtnick, the former payment processing director for Full Tilt Poker, has just plead guilty to charges of conspiracy related to his company's seizure by American authorities last year.
Burtnick, a Canadian citizen who lived in Dublin, Ireland while working for Full Tilt, was one of the eleven indicted by the FBI and U.S. Department of Justice on Black Friday. He was charged with "conspiracy to deceive U.S. financial institutions" and, last month, turned himself in to authorities to stand trial for his alleged crimes. At a hearing in the U.S. Federal District Court last Wednesday, Burtnick plead guilty to his charges, admitting that he and other Full Tilt employees had fraudulently processed e-cheques, miscoded credit card transactions and hidden gambling funding transfers through third-party payment processors. These illegal actions were taken in an effort to hide billions of dollars of Full Tilt Poker transactions from the U.S. government and avoid running afoul of American anti-Internet gambling laws.
Nelson Burtnick testified that, even though he "knew what [he] did was wrong" he "had to do this type of deception to enable U.S. poker players to load their accounts with funds." Burtnick's sentencing will take place on 19th December, 2012 and could result in a punishment of up to 15 years in prison.
Burtnick, a Canadian citizen who lived in Dublin, Ireland while working for Full Tilt, was one of the eleven indicted by the FBI and U.S. Department of Justice on Black Friday. He was charged with "conspiracy to deceive U.S. financial institutions" and, last month, turned himself in to authorities to stand trial for his alleged crimes. At a hearing in the U.S. Federal District Court last Wednesday, Burtnick plead guilty to his charges, admitting that he and other Full Tilt employees had fraudulently processed e-cheques, miscoded credit card transactions and hidden gambling funding transfers through third-party payment processors. These illegal actions were taken in an effort to hide billions of dollars of Full Tilt Poker transactions from the U.S. government and avoid running afoul of American anti-Internet gambling laws.
Nelson Burtnick testified that, even though he "knew what [he] did was wrong" he "had to do this type of deception to enable U.S. poker players to load their accounts with funds." Burtnick's sentencing will take place on 19th December, 2012 and could result in a punishment of up to 15 years in prison.
