Online Poker at The Poker FatherOnline Poker - - "Keep your friends close, but your Poker Friends Closer" Online Poker - - "Keep your friends close, but your Poker Friends Closer" The Poker Father Online Poker Site


Online Poker News Archives - January 9, 2005

(Click Here for the Latest Online Poker News Stories)

Copyright 2005 Times Newspapers Limited
Sunday Times (London)

January 9, 2005, Sunday

HEADLINE: Paddy Power targets online poker profits

BYLINE: Ciaran Hancock

    PADDY POWER, Ireland's biggest bookmaker, will this week launch a suite of online poker games to capitalise on one of the most lucrative areas of internet betting, writes Ciaran Hancock.

    The bookmaker is planning a "soft launch" of Paddy Power Poker, which will involve an initial 200 players who have been pre-registered. An icon for the poker games was recently added to the website, although this has not yet been enabled. Analysts estimate that about £100m (E143m) a year is bet on online poker in the UK alone.

    The company is targeting Irish and British players but the games will also be open to residents of some other European countries.

    Paddy Power will act as a facilitator for players, offering them the opportunity to play live over the internet with players hosted by other sites.
This makes it no-risk betting for the bookmaker, which will typically earn about 2% of each pot.

    The company will also organise online tournaments, charging a fee for each entry.

    Players will be required to put a minimum E10 or £10 into their betting accounts but the bookmaker will not extend credit. Novices will be able to play for stakes as low as 5p or 5c and small-stake gamblers are expected to account for a large volume of traffic on the site.

    Paddy Power has already enjoyed success with its online casino, which was launched in January 2004. In the first six months of last year, the bookmaker earned an operating profit of E1m from the venture. The company was also recently voted by readers of the Racing Post as the best online betting website among 18 different providers in the UK and Ireland.

    Online betting has revolutionised the image of poker. The game has also had its profile raised by high-stake tournaments carried by Channel 4 and Sky in Britain.

(Click Here for the Latest Online Poker News Stories)


Online Poker Offers you CANNOT REFUSE

Last Updated:

Online Poker Offers YOU CANNOT REFUSE!

Help The Poker Father and WIN $100


The - Online Poker Site The - Online Poker Site The - Online Poker Site
The - Online Poker Site

Online Poker | Poker Bonus | U.S. Poker | Poker News | Poker Games | Casino Games |Poker Rules | Poker Tips
Poker Strategy | Poker Books | Poker Movies | Poker Banners | Partners | Poker Supplys | FreeRoll Poker
Poker Lessons | Poker Glossary | Security | Who We Are | Link Directory | Contact Us | Site Map

Didn't find what you are looking for - try Google, Open Directory Project or Yahoo! Directory is an independent online poker information website not affiliated with any poker room.
Copyright © 2005-2011 The Poker Father Online Poker Site - All Rights Reserved.

The - Online Poker Site