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PartyPoker.com
bwin.party Digital Entertainment was an online gambling company, formed by the March 2011 merger of PartyGaming plc and bwin Interactive Entertainment AG. Formerly the world's largest publicly traded online gambling firm, it was best known for its online poker room PartyPoker, World Poker Tour and its sports betting brand bwin (officially styled ''bwin''). The company was headquartered in Gibraltar and quoted on the London Stock Exchange. PartyGaming Plc was founded in 1997 with the launch of Starluck Casino. Prior to passage of the Unlawful Internet Gambling Enforcement Act of 2006 by the U.S. Congress, the firm was the world's largest online poker brand, based on cash game revenue and number of players. Its market share has fallen since then, but it remains the third largest online poker room in the world, behind PokerStars and Full Tilt Poker. The new company became the world's largest publicly traded online gaming firm in 2010, 48.4% owned by existing PartyGaming shareh ...
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PartyGaming
PartyGaming plc was a network of gambling sites operated by Ruth Parasol in the Caribbean. Founded in 1997, the network eventually operated under an umbrella company called iGlobalMedia, which then changed its name to PartyGaming. PartyGaming's flagship site, PartyPoker.com, was launched in 2001. Its primary shareholders were Parasol, Group Operations Director Anurag Dikshit, Marketing Director Vikrant Bhargava (who joined the company in 1998 and 1999, respectively), and Russ DeLeon (Parasol's ex-husband, Harvard attorney and serial entrepreneur). The company merged with bwin Interactive Entertainment in March 2011 to form Bwin.Party Digital Entertainment. History In the 1990s, Las Vegas consultant and actuary Michael Shackleford ran a computer trial of the first blackjack and roulette games offered by the company. Shackleford stated that the "results clearly showed they (the games) weren't fair". Ruth Parasol's spokesman Jon Mendelsohn acknowledged that the chances had "tippe ...
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Unlawful Internet Gambling Enforcement Act Of 2006
The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) is United States legislation regulating online gambling. It was added as Title VIII to the SAFE Port Act (found at ) which otherwise regulated port security. The UIGEA prohibits gambling businesses from "knowingly accepting payments in connection with the participation of another person in a bet or wager that involves the use of the Internet and that is unlawful under any federal or state law." The act specifically excludes fantasy sports that meet certain requirements, skill games, and legal intrastate and intertribal gaming. The law does not expressly mention state lotteries, nor does it clarify whether interstate wagering on horse racing is legal. Background on online gambling The United States Court of Appeals for the Fifth Circuit ruled in November 2002 that the Federal Wire Act prohibits electronic transmission of information for sports betting across telecommunications lines but affirmed a lower court ruling ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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PokerStars
PokerStars is an online poker cardroom that was a part of The Stars Group until it was sold to Flutter Entertainment on May 5, 2020. It can be accessed through downloadable poker clients for the Windows, macOS, Android and iOS. It is the largest real money online poker site in the world, controlling over two-thirds of the total online poker market. A PokerStars.com online satellite tournament produced the 2003 World Series of Poker (WSOP) champion, Chris Moneymaker. As the first person to become a world champion by qualifying at an online poker site, Moneymaker's 2003 win was an important factor in catalyzing the poker boom of the mid-2000s. The press has called this the "Moneymaker effect." History PokerStars launched its beta play-money-only site on September 11, 2001. The company began offering real money wagering on December 12, 2001. PokerStars was originally a Costa Rican company, Rational Enterprises, which was majority owned by the Israeli Scheinberg family. The compa ...
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Futsal
Futsal is a football-based game played on a hardcourt, hard court smaller than a football pitch, and mainly indoors. It has similarities to five-a-side football and Indoor soccer, indoor football. Futsal is played between two teams of five players each, one of whom is the goalkeeper. Unlimited substitutions are permitted. Unlike some other forms of indoor soccer, it is played on a hard court surface marked by lines; walls or boards are not used. It is played with a smaller, harder, lower-bounce ball than football. The surface, ball and rules favour ball control and passing in small spaces. The game emphasizes control, improvisation, creativity and technique. Naming ''Futsal'' comes from the Portuguese ''futebol de salão'' and from the Spanish ''fútbol sala'' or ''fútbol de salón'' (all translatable as "indoor football"). During its second world championships held in Madrid in 1985, the Spanish name ''fútbol sala'' was used. The Asociación Mundial de Fútsal, World Futsal Assoc ...
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MotoGP
Grand Prix motorcycle racing is the premier class of motorcycle road racing events held on road circuits sanctioned by the Fédération Internationale de Motocyclisme (FIM). Independent motorcycle racing events have been held since the start of the twentieth century and large national events were often given the title Grand Prix. The foundation of the Fédération Internationale de Motocyclisme as the international governing body for motorcycle sport in 1949 provided the opportunity to coordinate rules and regulations in order that selected events could count towards official World Championships. It is the oldest established motorsport world championship. Grand Prix motorcycles are purpose-built racing machines that are unavailable for purchase by the general public and unable to be ridden legally on public roads. This contrasts with the various production-based categories of racing, such as the Superbike World Championship and the Isle of Man TT Races that feature modified ve ...
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Formula 1
Formula One (also known as Formula 1 or F1) is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The World Drivers' Championship, which became the FIA Formula One World Championship in 1981, has been one of the premier forms of racing around the world since its inaugural season in 1950. The word ''formula'' in the name refers to the set of rules to which all participants' cars must conform. A Formula One season consists of a series of races, known as ''Grands Prix'', which take place worldwide on both purpose-built circuits and closed public roads. A points system is used at Grands Prix to determine two annual World Championships: one for drivers, the other for constructors. Each driver must hold a valid Super Licence, the highest class of racing licence issued by the FIA. The races must run on tracks graded "1" (formerly "A"), the highest grade-rating issue ...
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Motorsports
Motorsport, motorsports or motor sport is a global term used to encompass the group of competitive sporting events which primarily involve the use of motorized vehicles. The terminology can also be used to describe forms of competition of two-wheeled motorised vehicles under the banner of motorcycle racing, and includes off-road racing such as motocross. Four- (or more) wheeled motorsport competition is globally governed by the Fédération Internationale de l'Automobile (FIA); and the Fédération Internationale de Motocyclisme (FIM) governs two-wheeled competition. Likewise, the Union Internationale Motonautique (UIM) governs powerboat racing while the Fédération Aéronautique Internationale (FAI) governs air sports, including aeroplane racing. All vehicles that participate in motorsports must adhere to the regulations that are set out by the respective global governing body. History In 1894, a French newspaper organised a race from Paris to Rouen and back, starting ci ...
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Winter Sports
Winter sports or winter activities are competitive sports or non-competitive recreational activities which are played on snow or ice. Most are variations of skiing, ice skating and sledding. Traditionally, such games were only played in cold areas during winter, but artificial snow and artificial ice allow more flexibility. Playing areas and fields consist of either snow or ice. Artificial ice can be used to provide ice rinks for ice skating, ice hockey, para ice hockey, ringette, broomball, bandy, rink bandy, rinkball, and spongee in a milder climate. The sport of speed skating uses a frozen circular track of ice, but in some facilities the track is combined in an enclosed area used for sports requiring an ice rink or the rink itself is used. Alternatively, ice cross downhill uses a track with various levels of elevation and a combination of bends. Long distance skating ( "marathon skating") such as tour skating is only performed outdoors and uses the available natural ice from ...
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Soccer
Association football, more commonly known as football or soccer, is a team sport played between two teams of 11 players who primarily use their feet to propel the ball around a rectangular field called a pitch. The objective of the game is to score more goals than the opposition by moving the ball beyond the goal line into a rectangular framed goal defended by the opposing side. Traditionally, the game has been played over two 45 minute halves, for a total match time of 90 minutes. With an estimated 250 million players active in over 200 countries, it is considered the world's most popular sport. The game of association football is played in accordance with the Laws of the Game, a set of rules that has been in effect since 1863 with the International Football Association Board (IFAB) maintaining them since 1886. The game is played with a football that is in circumference. The two teams compete to get the ball into the other team's goal (between the posts and under t ...
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Sports Betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as horse racing, greyhound racing, and cockfighting. It is not uncommon for sports betting websites to offer wagers for entertainment events such as the Grammy Awards, the Oscars, and the Emmy Awards. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and debts. Many legal sportsbooks ar ...
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