Weekly Roundup August 12 2016

Weekly Roundup August 12 2016

Bovada to Leave Poker Market

Bovada announced this week that it will sell its poker business to Ignition Casino.  The sale appears to be more of an asset transfer within the same company than an outright liquidation of the poker software.

All poker players at Bovada must move their accounts to Ignition Casino by September 30.  Ignition Casino offers the same software and tables on the Bodog Poker Network. Bovada will continue to offer sports betting and casino games.

Players in five states will be unable to transfer their Bovada poker accounts.  Delaware, Maryland, Nevada, New Jersey and New York residents will no longer be able to play on the Bodog Poker Network after September 30.

Amaya Gaming CEO Steps Down

Amaya Gaming CEO David Baazov stepped down this week.  The announcement was made during a Friday earnings call.  Baazov was on temporary leave after insider trading allegations were made related to the PokerStars merger.  Baazov had come under fire by players due to several policies changes that included retroactively terminating higher levels of the VIP program during the promotional period.

New Jersey Internet Gaming Up 39 Percent

New Jersey’s licensed online poker and casino market combined to take in $17.4 million in July.  This was up 39 percent over July 2015.  All five of the state’s licensees cracked $3 million for the first time.  Borgata was the leader with a $3.97 million win between its poker and casino products.