Friday, June 22, 2012

The Star Casino hosts Renae Ayris - Miss Universe Sydney, Australia - 22nd June 2012

Profiles

The Star Echo Entertainment Brands Hotels Miss Universe Fashion Models World Casino Directory Sydney



Our take on things...

Echo Entertainment is apparently more about entertainment than gambling these days, casino tie in or not, and tonight its party time at The Star. This is most assuredly worth taking a gamble on. There's a strong chance that by the time you stop parting you would have had an absolute blast.

They have hosted countless international acts and acted as home to the Hollywood and Las Vegas stars where they come down under to Sin City Sydney.

Seems a nature that the new Miss Universe Australia, Renae Ayris, and friends should be in the celebrity mix to show their faces on a Friday night at The Star.

They continue to push the celebrity card, and then there's the nightclubs, bars, slots, games and The Darling - the 5 star hotel. It's all there for the taking. Work hard and play and party harder.

Promo...

News on Miss Universe Australia...

Danver and photography lover from Perth has been crowned Miss Universe Australia.


Renae Ayris has been voted the nation's most beautiful woman and presented with a $30,000 Temelli Jewellery crown at a black tie event in Melbourne (9th June 2012).

She narrowly edged out Melbourne woman Mary Vitinaros, who was named runner-up.

The night saw some of Australia's most beautiful women take to the stage in swimwear and evening gowns before judges declared a winner.

Melbourne's hopes of a local winner were buoyed when two of the final five included Melbourne woman Mary Vitinaros and Victorian Julia Perrott-Clarke.

Ms Perrott-Clarke won the crowd over after facing a controversial question from former news presenter Naomi Robson about her views on gay marriage.

"I believe that everyone should have equal rights whether it be marriage or any other factor," she responded.

"Everyone has their own opinion and if it doesn't infringe on anyone else's rights then I think it's a great thing."

Shouting her final reply she ended by saying.

"If they are in love, then they should celebrate that love and if that means marriage, then they should get married because it's amazing."

The response saw her named 4th runner-up.

Strutting their stuff in evening gowns in front of a crowd in the hundreds in the Melbourne Sofitel's Grand Ballroom the finalists wowed the room.

The panel responsible for naming the winner included actress and model Annalise Braakensiek, actor Vince Collosimo and fashion designer Wayne Cooper.

The West Australian girl will now represent Australia at the international Miss Universe competition.

Thirty-three national finalists battled it out for the title, with the winner to go on to compete in the international Miss Universe pageant in December.


More news...

Everything is a blur - Miss Universe...


When Miss Universe Australia 2012 Renae Ayris received her tiara at Melbourne's Sofitel on Friday night she had the added thrill of accepting the title from her friend - 2011 Miss Universe Australia Scherri-Lee Biggs.

Ms Ayris said it was watching Scherri's experience as Australia's Miss Universe that inspired her to enter the pageant this year.

"I've always watched but last year I followed it really closely because Scherri was in it, she's actually a friend of mine," Ms Ayris said.

"I was so excited for her to hand me over the crown."

Dressed in a navy and silver cocktail dress by Perth designer Ruth Tarvydas, the 21-year-old blonde looked bright and fresh on Saturday despite having not slept a wink the night before.

The life-altering announcement still hadn't sunk in when she fronted the media for her first official press call as Miss Universe Australia.

"I'm so overwhelmed still, everything is just a blur from last night," Ms Ayris gushed.
"I'm going to wake up one morning and say,"Wow I'm Miss Universe Australia'."

The Miss Universe competition was the model's first time in a beauty pageant, but she has taken a shot at fame before.

She is an avid dancer who auditioned for a role in Baz Luhrmann's Academy Award-winning film Moulin Rouge!.

"I got down to the very last cut but I was too young," she said.

Being crowned Miss Universe Australia will open up other avenues to Ms Ayris.

As part of her duties she will be acting as the charity ambassador for Operation Smile, a children's medical charity dedicated to improving the lives of children in developing countries born with facial deformities.

Another official responsibility will be to represent Australia in the international Miss Universe pageant in December.

"I'll try my best to do Australia proud," Ms Ayris said.

There have been two Miss Universe title-holders from Australia, with Kerry-Ann Wells claiming the title in 1972 and Jennifer Hawkins in 2004.

Wrap Up...

The Star's tag line is 'There will be stories', and its a sure bet Star will keep living up to that if tonight was any indication. A casino matched with Miss Universe Australia, a media pack with snappers all trying to get the models attention, so you can just imagine.

Websites

The Star

Echo Entertainment

Miss Universe Australia

Music News Australia

Eva Rinaldi Photography

Eva Rinaldi Photography Flickr

Media Man Int

Australian Sports Entertainment

Website Network

Media Man Int

Media Man

Media Man News

Media Man Entertainment

Casino News Media

Monday, June 18, 2012

Packer's stake in the Sydney pie - 17th June 2012

Profiles

Crown Limited Crown Casino Echo Entertainment The Star Australian Casinos Casinos James Packer

They are the so-called whales, fabulously rich gamblers jetted into town to be pampered by their eager hosts. Often demanding, sometimes quirky and superstitious, they attract the very best and attentive service, and enjoy the trappings of the high life, often gratis: six-star luxury accommodation, fine dining, live shows, top-brand shopping.

They can win or drop millions of dollars at gaming tables on a single visit. Wagers of several hundred thousand dollars are not uncommon. Occasionally, as much as $1 million is bet on a hand of cards. Baccarat is a favourite game.

Predominantly ethnic Chinese, their money also buys discretion and exclusivity. Little is ever revealed by casino operators about their identity or their gambling habits, but in a single year, at Melbourne's Crown casino alone, these VIP punters turn over an extraordinary $30 billion - around $600 million a week.

''It's simply another world,'' says an insider, still agog after a decade's involvement in the industry.

It's a world, too, that is fast expanding, as China's exploding wealth and the rising prosperity of nations such as India, Malaysia, Indonesia and the Philippines, spawn a new and vast generation of high rollers.

That reality, and the intensifying competition for their business, lies at the centre of a stoush over control of the Star casino, one that has several elements, commercial and political, and which is flavoured by a hint of hoary Melbourne-Sydney rivalry. At its core is James Packer's ambition to retain his dominance over VIP gambling in Australia by having a key say in Sydney's newly rejuvenated casino business.

The Packer-controlled Crown group enjoys 75 per cent of the nearly $1 billion of annual casino revenue generated by high rollers in Australia through its internationally acclaimed Yarra River complex and its Burswood casino, in Perth.

But the once dowdy northern cousin, the Star, tarted up with a $900 million facelift, is aiming more aggressively at the same VIP market, a threat magnified by Sydney's standing as Australia's gateway for international tourism.

Packer's response has been fierce and multi-pronged, with Crown taking a 10 per cent stake in the Star's owner, Echo Entertainment, and applying to the regulator to be allowed to move to the takeover threshold of 20 per cent.

Simultaneously, the Packer camp has waged a public relations war against Echo over the latter's lacklustre recent performance to the point of forcing out its chairman, John Story, while pushing for its own boardroom appointee, the former Victorian premier Jeff Kennett.

Packer's pitch has been for a united Australian front in the quest to wrest bigger numbers of the region's high rollers, and he has wowed tourism chiefs, and the Premier, Barry O'Farrell, with a proposal for a 35-storey luxury hotel at Barangaroo.

Apart from a potential public backlash, the snag is that Packer wants the hotel to include exclusive gaming salons for high rollers. But the Star holds the state's only casino licence and would need to agree to a hybrid arrangement that split its facilities between its current site and Barangaroo.

O'Farrell, unimpressed by the recent sexual harassment scandal at the Star, has appeared to revel a little in the Star's discomfort by publicly praising Packer as a ''shrewd and successful businessman'', while acknowledging that the Crown push ''is starting to look like a political campaign''. While Packer's ultimate objective is clear - gaining the Star's licence - he faces stern resistance from an Echo board that accuses him of seeking control of the company on the cheap, by denying a premium to its shareholders.

They appear to be daring him to launch a full takeover bid, something that could be in the offing once Packer offloads his remaining media interests. The sale of those, which indirectly include a 25 per cent stake in Foxtel, could raise close to $1 billion.

The longer game plan could be his positioning for Crown's own casino licence in NSW when the Star's exclusivity expires in 2019.

''Everyone concedes that Crown has been the key venue for high rollers in Australia,'' says a close Echo observer. ''They've worked hard and put a lot of effort into that market.

''But the upside for Star is enormous. Sure, you could tackle that market through some joint venture or tie-up with Crown, so in that sense Packer is absolutely right. But Star doesn't need Packer to do that.''

As for Packer's push for new blood in the Echo boardroom, he adds: ''Why on earth would you agree to put a competitor on your board?''

Echo is confident that it can offer a similarly impressive high roller experience as Crown's by coupling the Star with Echo's Queensland casinos, the soon-to-be upgraded Jupiter sites on the Gold Coast and in Townsville, as well as the Treasury in Brisbane.

''The truth is,'' suggests one stockmarket analyst, ''Packer might need Star more than Star needs Packer.''

But that's if the Star gets it right. There are plenty who see Crown's management expertise as vital in finally raising the Star to the high roller firmament. And they offer as evidence the Star's recent admission that the collapse of a Macau-based junket operator (businesses that scoop up high rollers and deliver them to casinos throughout Asia) had cost it $7 million in forward commissions and potentially another $23 million in unrecoverable high roller debts.

Echo, which has portrayed the losses as teething problems, unveiled on Friday details of a $450 million capital raising that will be used to strengthen its balance sheet and lend weight to its high roller push. But the announcement was accompanied by a downgrade in its profit outlook, further fodder for its critics.

The Packer camp argues that its agitation is on behalf of all Echo shareholders, who now include the Singapore casino group Genting, which has built a 4.9 per cent stake, along with Macquarie Bank, whose similarly sized holding on behalf of various investment funds would appear to be a punt on profitable future resolution. Standing steadfast, too, has been Perpetual Investments, with 8 per cent, which has backed Echo's board in rebuffing the Packer demands.

No one would dare suggest that the prevailing obstacles are insurmountable for the Packer camp, which has assembled an impressive roll call of political heavyweights. They include the former federal government minister Mark Arbib and former ALP national secretary Karl Bittar, as well as the former Liberal senator and federal communications minister Helen Coonan, a Crown director. Networking is also the name of the high roller game across Asia, and Packer's interests in Macau in partnership with Hong Kong-based tycoon Lawrence Ho provides a handy conduit for introducing more high rollers to his plush Australian salons. Their business is becoming increasingly vital as growth in the domestic gaming market tails off. While local punters contribute more in terms of profits, the high roller market (despite its skinny margins and greater risk) is growing more strongly, demonstrated by Crown's figures. In the latest corporate reporting period, revenues from local gaming in Melbourne grew by 5 per cent while those from its VIP program were 34 per cent stronger, albeit from a lower base.

Tourism chiefs recognise the potential should this trend be replicated in Sydney, drawing ever greater numbers of big spenders willingly pumping money into the local economy. The boss of the Tourism & Transport Forum, John Lee, sees the Bangararoo development as upping the ante in Sydney's claim for higher tourist numbers, just as Singapore's so-called ''integrated resorts'' have pulled a flood of new visitors to the city-state. He says the Packer plan has merit and would add to the harbour precinct's ''tourism offering''. But intensifying competition for VIP punters has not just triggered a casino ''arms race'' in Australia, but one that is region-wide.

At its epicentre is Macau, the only city in a country of more than 1 billion people permitted to run casinos and the site of several billion-dollar developments.

Having already eclipsed Las Vegas, the territory's 30 casinos are expected to rake in revenues of more than $US40 billion in 2012 (about 10 times the gaming revenues of Australia's 13 casinos), of which high rollers can be expected to account for 70 per cent.

Singapore is fast establishing itself, too, as a key high-roller destination. The 31 VIP salons of the $5 billion Marina Bay Sands, for example, already draw 60 per cent of that complex's gaming revenues.

The widespread assumption is that - notwithstanding the Chinese economy's recent slowing - the premium gambling pie has years of expansion ahead, and the chairman of Marina Bay's Las Vegas parent company, the US billionaire Sheldon Adelson, identifies a growing new class of gambler.

''We are constantly surprised at who they are, the number of people, how they come out of the woodwork and how many there are in the world,'' he recently told Singapore's Straits Times. ''There was a time, 10, 15 years ago, that people thought that in the entire world, there were as few as 150 VIP players. We sometimes get that in a few days, a week or two weeks. So the word plateau, in terms of Asia, is not in our vocabulary.''

But the breadth of competition is likely to demand more creative ways for luring gamblers farther south than Singapore, a fact that could affect the sort of inducements offered to ''whales'' by local operators, such as the extent of ''loss rebates'', where casinos cover a portion of a high roller's losses.

Packer's remedy of a united front also calls for better support from governments to maintain tax and other advantages, which could be extended to faster visa and customs clearances for high rollers to match the efficiency of Singapore.

The Star's ''fate'', meanwhile, may not be determined for some time, with no guarantee that a takeover bid will materialise to unlock the stalemate.

But some ponder a deal that would see some of Crown's interests in Macau passed to Genting, providing Packer with the financial muscle to swallow Echo. At the moment, its link to the Ho Group demands exclusivity in Asia and, as one analyst noted: ''Who would want to rock that boat?''

But another gaming expert based overseas thinks otherwise, wondering if Packer might, in fact, prefer to be the big fish in the smaller pond. "If I was Packer, and if I had the option of cornering the Australian market or keeping a 30 per cent stake in one of six operators in Macau, I'd probably corner the Australian market. It's as simple as that." (Fairfax Media)

Website Network

Media Man International

Media Man

Media Man News

Media Man Entertainment

Australian Sports Entertainment

Friday, June 08, 2012

World Casino Directory Blog

World Casino Directory Blog

Inside Asia Gaming

IAG ANNOUNCES 67 JUDGES NOW CONFIRMED FOR 2023 IAG ACADEMY IR AWARDS





Manila, 2 August 2023 – Inside Asian Gaming is pleased to announce there are now 67 judges confirmed to lend their expertise on the Judging Panel for the upcoming 2023 IAG Academy IR Awards.


The Awards are to be held at The Ballroom at Hilton Manila, Newport World Resorts, on the evening of Wednesday 13 September, and consist of 20 Awards categories plus a special induction ceremony as part of the IAG Academy Hall of Honor, which will including Rising Stars, Industry Icons and a special Outstanding CEO Award.



For more information on the Awards, please visit iagacad.com and navigate to the “IR AWARDS” menu.

 

The 67 judges comprise some of the most experienced minds in the business representing a variety of sectors including operators, suppliers, lawyers, consultants, media and more. The full list of confirmed judges so far is as follows:


Andrew W Scott, Vice Chairman and Chief Executive Officer, Inside Asian Gaming (Judging Panel Chairman)

Sérgio de Almeida Correia, Lawyer, Private Notary, ACS Macau Lawyers

Sandy Amida, Senior Director of Operations – Table Games, Newport World Resorts

Dennis Andreaci, Senior Vice President – Casino, Hann Casino Resort

Ben Blaschke, Managing Editor, Inside Asian Gaming

Thomas Borman, SVP Electronic Games, Galaxy Macau

Harmen Brenninkmeijer, Managing Partner, NYCE International Ltd

Andy Caras-Altas, CEO, TraffGen Global

Jerry Chan, SVP Electronic Gaming & Special Projects, Okada Manila

Tony Chan, Chief Financial Officer and Executive Director, Asia Pioneer Entertainment

Greg Chase, Head of XM Pros Community & Experience Management (XM) Catalyst, XM Institute

Michael Cheers, Sales Director – Asia, IGT

Nelson Cheung, Systems Sales Manager – Asia, IGT

Charles Choy, Co-Chairman, Macau Beer Co

Jay Chun, Chairman, Paradise Entertainment Limited

Carlo Climaco, Vice President Operations, Premium Leisure Corp

Carlos Eduardo Coelho, Partner, MdME

Rui Cunha, Founding Partner, C&C Lawyers

Rui Pedro Cunha, Director & General Manager, C&C Lawyers

Jeffrey Evora, President and Chief Operating Officer, Winford Manila Resort and Casino

Ashley Fong, Product Planning and Strategy Manager, Aristocrat

Maulin Gandhi, President, Tangam Systems

Fredric Gushin, Managing Director, Spectrum Gaming Group

Trevor Hammond, SVP Gaming and Integrated Resort Operations, NUSTAR

Michael Hu, President – Asia Pacific, Interblock Asia Pacific Pty Ltd

Dennis Hudson, Senior Director VP Table Games, Newport World Resorts

Ian Hughes, CEO, GLI Australia

Peter Jenkins, Group Executive External Affairs, Star Entertainment Group

Michael Johansen, President, Resorts World at Sea

Sudhir Kalé, Founder and Principal, GamePlan Consultants

Andy Kobel, Senior Vice President – Gaming, Sands China Limited

Herris Kocibelli, Managing Director, HWK Trading Co Ltd

Joji Kokuryo, Managing Director, Bay City Ventures Ltd

Lorraine Koo, Corporate Chief Operating Officer, Dowinn Group

Michael Krispli, Vice President, EGM Operations, NUSTAR

Keijiro Kan, President, Angel Macau Ltd

Liviano Lacchia, Senior Vice President HR Business Partner, Galaxy Entertainment Group

Matthew Lai, Vice President, International Business Leader, Everi Holdings Inc

Desmond Lam, College Master and Professor, University of Macau

Manida Lau, Vice President, Business Solutions & Premium Marketing Operations, Okada Manila

Andy Lee, Deputy COO, StarWorld Hotel and Casino

Olivia Lee, Director of Business Development, Mega Fortris Group of Companies

António Lobo Vilela, Gaming Lawyer, Macau

Walter Mactal, Chief Legal and Admin Officer, Newport World Resorts

Jonathan Mazurek, Assistant SVP, Galaxy Entertainment Group

Jeff Mann, Managing Director, MegaSportsWorld

Shaun McCamley, Founder & Managing Partner, Euro Pacific Asia Consulting Ltd

Greg Meares, Vice President of Engineering and Facilities, MGM China

Scott Messinger, Vice President of Brand Marketing, Benchmark Solutions

Niall Murray, Chairman, Murray International (Macau) Co. Ltd.

Jamie Nettleton, Partner, Addisons

Wendy Ni, Vice President of Strategic Marketing, Okada Manila

Rui Pinto Proença, Managing Partner, MdME

Lloyd Robson, General Manager – Asia, Aristocrat

Chris Rogers, Founder and CEO, East2West Solutions

Trevor Ross, Sales Director – Asia, Light and Wonder

Robert Scott, Vice President – Hotel Operations, Okada Manila

Charles Seo, Senior Director, Product Management – APAC, IGT

Tim Shepherd, Director, Fortuna Investments

Angel Sueiro, Chief Operating Officer, PH Resorts Group

Chen Si, Chief Operating Officer, Inspire Entertainment Resort

Alan Teo, COO, Universal Hotels and Resorts Inc

Raymond Voon, Senior Vice President – Customer Services, Galaxy Entertainment Group

Ian Wood, Business Development Manager, Synectics Systems (Asia) Ltd

Raymond Yap, Corporate Director – International Premium Market Development, Galaxy Entertainment Group

Betty Zhao, Chief Operating Officer, LT Game

Michael Zhu, EVP, Apple Brook Colorado LLC


About Inside Asian Gaming

Inside Asian Gaming is Asia’s leading B2B digital and print media brand for the gaming, resort and entertainment industry. It has the highest website traffic, social media following, digital newsletter distribution and print magazine distribution of any such brand.


Founded in 2005, IAG has a broad business editorial focus on the Asian gaming and integrated resort industry. It is widely distributed to industry executives throughout Macau and the rest of Asia in two formats: a monthly English and traditional Chinese fully bilingual digital and print magazine and a daily English language e-newsletter titled IAG Breakfast Briefing, delivered at 8am Macau time in English and 11am in traditional Chinese each weekday. IAG also publishes special magazine editions for G2E Asia each May and the Asian Gaming Power 50 each November.


IAG produces all original content. As well as almost always being the first media outlet to publish breaking industry news, the deep domain knowledge our journalists have accumulated from as far back as the 1980s allows IAG to offer highly insightful opinion pieces and analysis of industry news. We do not aggregate media content or copy from other media outlets. Conversely, IAG is often the original source (sometimes credited, more often not!) of many stories published around the world covering the Asian IR and gaming industry.


In January 2019, Inside Asian Gaming launched IAG Japan to cover the then-burgeoning Integrated Resort industry in Japan. For just over three years from January 2019 to January 2022, at the height of international interest in operating a Japanese integrated resort, IAG Japan had two formats: a monthly Japanese and English fully bilingual digital magazine and a daily Japanese language e-newsletter titled IAG Daily Briefing. International industry interest in operating in Japan has since waned considerably, so after the January 2022 issue of IAG Japan was released we discontinued the Japanese language version of the monthly magazine, but we still issue our Japanese language IAG Daily Briefing when major Japan-related news breaks.


Since 2008 IAG has been renowned for publishing “The Asian Gaming Power 50”. Anxiously awaited each year, The Asian Gaming Power 50 is an annual ranking of the 50 most influential and prominent Asian gaming industry leaders and executives. The Asian Gaming Power 50 is celebrated each November with IAG organizing a glamorous Black Tie Gala Dinner in a Macau Integrated Resort ballroom. The gala dinner ballroom location rotates annually amongst Macau’s six Integrated Resort concessionaires, although it was held at City of Dreams Manila in 2022 due to the pandemic.


IAG produces Macau After Dark and Manila After Dark (both known as “MAD”), a series of casual industry networking social event held in both Macau and Manila every quarter. MAD brings together key industry decision-makers, including operators, suppliers and other industry executives.


IAG launched the IAG Academy – then known as the Integrated Resorts Academy Asia (IRAA) – in November 2021, as its educational arm. It was rebranded as the IAG Academy in July 2023. In the months and years ahead, the IAG Academy will be delivering educational services for the APAC Integrated Resort industry both through its website with online learning and by producing live in-person educational and thought leadership events, with the goal of advancing professionalism within the industry. The IAG Academy will also play a role in recognizing the contributions of those people who make up our industry.


IAG is the Lead Media and Production Partner for G2E Asia, including G2E Asia Special Edition: Singapore, G2E Asia @ the Philippines and the G2E Asia Online Conferences. This role includes managing the entire conference at G2E Asia events.


We also publish G2E Asia Daily, the daily newspaper of G2E Asia, and co-organize the G2E Asia Awards with Reed Exhibitions.


IAG is the Lead Media Partner for the MGS Entertainment Show, held each November in Macau. We also publish MGS Daily, the daily newspaper of the MGS Entertainment Show.


IAG is the Asian Lead Media Partner for ICE London. We publish The Daily Download, the official daily digital record of ICE Asia.


In addition to being the Lead Media Partner for various major industry trade shows throughout Asia, IAG is an official media partner of dozens of leisure and gaming industry events held across every continent of the world.


IAG attends numerous industry trade shows and international conferences and seminars across Asia and throughout the world, including ICE in London in February, G2E Asia in Macau in May, G2E Asia Special Edition: Singapore, AGE in Sydney in August, G2E in Las Vegas in October, MGS in Macau in November and various developing shows covering the Japanese IR industry in Tokyo, Yokohama and Osaka. Our Vice Chairman and CEO Andrew W Scott and our Managing Editor Ben Blaschke variously chair, moderate and speak at such conferences and seminars.


IAG has produced a range of industry conferences and seminars such as the Cambodia International Gaming Conference on behalf of the Ministry of Economy and Finance and the Ministry of Interior of the Kingdom of Cambodia, sessions for the G2E Asia conference and the MGS Entertainment Show conference, and the highly acclaimed “Strategy and Leadership for Personal and Business Success” seminar series.


IAG Consulting is IAG’s consulting business unit, which offers consulting and revenue support services for businesses exploring or operating in the Asian gaming and Integrated Resort industry. IAG Consulting also produces tailor-made training and education programs (and has been commissioned by Philippines regulator PAGCOR to do so) and organizes events on behalf of our clients, such as product launches, seminars and social events.

Thursday, May 31, 2012

Casino and Gaming News; Australia, United States, Europe; Online Gambling, Movies...

Profiles

Gambling Gaming bwin.party Digital Entertainment Poker Politics Marvel Entertainment Marvel Slots Marvel Games PartyCasino.com Playtech Virgin Games Entertainment Sports Movies Australia

bwin.party enters social gaming with $50m investment...

bwin.party digital entertainment has today announced its entry into social gaming with an investment of up to US$50m over the next two years.

A specialist management team led by Barak Rabinowitz has been recruited to spearhead the group’s social gaming strategy, as well as the establishment of a dedicated social games studio in Gibraltar.

The company revealed its strategy of leveraging existing group assets and skills as well as those of partners to deliver long-term value and it hopes to secure a meaningful market position within the next two years.

Jim Ryan and Norbert Teufelberger, co-CEOs of bwin.party, said: “We have chosen a ‘build and partner’ strategy, one that provides us with both the resources and additional management expertise to execute our planned extension into social gaming - an exciting and fast growing area of digital entertainment that is the latest addition to our business strategy.

“Our investment will enable us to launch Win, our dedicated social gaming studio with its own development centre that will increase our speed to market both for social as well as mobile games. Intent on securing a meaningful position in the marketplace, we expect a €5-€10m impact to Clean EBITDA in 2012 and 2013. However, we are excited by the potential of this new market and believe we can deliver attractive returns in the medium term through relatively modest investment, funded from operating cashflow over the next 18 months.”


bwin.party digital - Extension of Group strategy into social gaming...

30 May 2012

bwin.party digital entertainment plc ('bwin.party', the 'Company' or, together with its subsidiaries, 'Group')
Extension of Group strategy into social gaming
Highlights:

· Investment of up to $50m (€40m) over the next two years to fund:
o establishment of a new social games studio called 'Win (Taiwan OTC: 3105.TWO - news) ' with its own dedicated development teams
o development and launch costs of a number of new social gaming applications
o the purchase for up to $23m (€18m) in cash (of which $17.25m (€14m) has already been
paid) of a number of assets from Velasco Services Inc. and Orneon Limited which will
accelerate our market entry and include
§ a number of existing B2B social gaming contracts
§ significant software engineering resources
· Strategy focused on leveraging existing Group assets and skills as well as those of partners to deliver long-term value
· Launch of first applications in Summer 2012
· Commitment to secure meaningful market position expected to result in additional costs of €5-€10m in 2012 and 2013

Introduction

The advent of social gaming has been a spectacular growth story over the past two years. Over this period revenue models have evolved extensively so that what previously was an interesting internet phenomenon has become a large commercial marketplace, one that now is worth billions of dollars each year. Whilst being very different in many ways to real money gaming on the internet and through digital channels, several of the assets and skills required for success in the social gaming world are the same as those required by successful companies in the real money gaming market:

· Proprietary gaming content
· Excellent CRM and business analytics
· Online marketing expertise
· Partnerships with leading brands

With many of these and other assets already in place within the Group, we are keen to leverage them into this exciting new market and so have launched a new social gaming business unit and strategy with its own dedicated management team and infrastructure. Called 'Win', the new unit is based in Gibraltar and will draw on resources across the Group's locations to identify and develop new opportunities in social gaming.


Management team

A specialist management team led by Barak Rabinowitz has been recruited to spearhead our social gaming strategy and the establishment of a dedicated social games studio. Having studied at Georgetown University as well as the London School of Economics, Mr Rabinowitz spent three years working in the Mergers ∓ Acquisitions and Global Technology Groups at Morgan Stanley (EUREX: DWDF.EX - news) before joining Yahoo (NasdaqGS: YHOO - news) ! in 2006. Following an MBA at Harvard Business School, Mr Rabinowitz was engaged in social gaming start-ups before being appointed CEO of Mytopia where he was instrumental in growing revenue and has extensive experience in the management and development of social gaming companies.

Alex Usach will lead a new technology development unit dedicated to social games development. He has over 20 years of management experience in software development having qualified with a Ph.D Degree in Computer Science from Vinnitsya Polytechnic University. Previously Mr Usach led Eastern European branches of Flextronics International (until 2006) and more recently of Aricent Group, a software services company owned by Kohlberg Kravis Roberts. Mr Usach is known to a number of the world's leading gaming companies as a partner in developing new content for both real money and social games.
Dan Matkowski, is lead Game Producer. Previously Mr Matkowski was a leading games producer with Electronic Arts (NasdaqGS: ERTS - news) , the US interactive entertainment software company and has extensive games production experience across multiple platforms, developing products through the concept and discovery/ prototyping, pre-production, production and finalising phases.

Tilli Kalisky is Head of Publishing. Previously Associate Partner with Greylock Partners, a leading US Venture Capital firm, Mrs Kalisky is a graduate from Massachusetts Institute of Technology - Sloan School of Management and has extensive experience of working with a number of social media companies including mysupermarket, PLYmedia and VocalTec

Dennis Hettema is in charge of prototype development. Previously co-founder and head of incubator at Hettema ∓ Bergsten, a social gaming applications company, Mr Hettema developed the Group's Aces Hangout application that is now running on Google (NasdaqGS: GOOG - news) +.

Investment in development resources

Including the acquisition of assets announced today, the Group is investing approximately $50m (€40m) from existing resources over the next two years to become a major force in the rapidly growing social gaming market. As a first step, we have secured significant development resources by contracting with software developers and engineers experienced in delivering social gaming solutions across all key technologies including HTML5, iOS and Android.

Based in Eastern Europe and operating now as part of our Win Interactive subsidiary, the team has extensive experience having been behind the development of highly successful social gaming applications and platforms including Slotomania, now part of Caesars Interactive Entertainment, and Casmul, that was acquired by Playphone, bwin.party intends to launch a variety of social gaming products on the web, mobile and social networks.

As well as securing significant development resources, the Group has assumed certain B2B service contracts under which Win Interactive will continue to provide a range of social gaming and related services to third party gaming companies whilst also developing proprietary applications for the Group.


Social gaming strategy

We believe that we can establish a competitive advantage in social gaming built on the following four pillars:
· Experienced management team and proprietary gaming platform
· Portfolio of new applications online and on smartphone platforms
· Original IP in the creation and distribution of social gaming content
· Best of breed partnerships with leading independent game studios
Leveraging the Group's existing assets and skills including, inter alia, our extensive library of proprietary games content and experience in customer acquisition and analytics, we have a plan in place to reach the following milestones over the next twenty-four months:
· Establishment of a dedicated social gaming unit, Win
· Development of dedicated social gaming technology platform
· Release of social sports betting, casino, poker and bingo applications
· Launch of a new social gaming destination portal called www.win.com

Drawing upon the Group's extensive games portfolio as well as through the development of new content, Win will operate on a 'freemium' business model based on the sale of virtual credits for users to play and advance in the games, as well as to purchase virtual gifts and other consumables. Win may also seek to exploit advertising opportunities that can provide additional revenue through offers, banners and search.

Mobile is an important channel for social gaming and by drawing on the experience of our newly engaged developers, many of whom were integral to the development of an application platform for operating multiplayer-social games and gaming networks on iOS and Android devices, the Group intends to launch games using this important medium.

Commenting on today's announcement, Jim Ryan and Norbert Teufelberger, the Co-CEOs of bwin.party, said:
"We have chosen a 'build and partner' strategy, one that provides us with both the resources and additional management expertise to execute our planned extension into social gaming - an exciting and fast growing area of digital entertainment that is the latest addition to our business strategy. We are focused on building a meaningful stand-alone enterprise that will operate outside our core real money gaming business but which will benefit from the Group's significant resources and assets. Our investment will enable us to launch Win, our dedicated social gaming studio with its own development centre that will increase our speed to market both for social as well as mobile games. Intent on securing a meaningful position in the marketplace, we expect a €5-€10m impact to Clean EBITDA in 2012 and 2013. However, we are excited by the potential of this new market and believe we can deliver attractive returns in the medium term through relatively modest investment, funded from operating cashflow over the next 18 months."

Video interview and analyst presentation - 30 May 2012

An interview with Norbert Teufelberger and Barak Rabinowitz, in video/audio and text will be available from 7.00am BST on 30 May 2012 on: www.bwinparty.com.

The Group will also give a presentation on the Group's entry into the social gaming market to invited analysts in London at 11.00 a.m. BST on 30 May 2012. The presentation will be made available via a live webcast that can be accessed through the Group's website: www.bwinparty.com. Copies of the slides presented at the meeting will also be made available on 30 May 2012 and a telephone audio stream of the presentation will also be available using the following details:

Dial-In No: +44 (0)20 3003 2666
Replay (available for 1 week): +44 (0)20 8196 1998
Replay passcode: 6419292


Australian online poker gets boost from report...

Australian gambling service providers have welcomed the recommendations of a review into the Interactive Gambling Act which could usher in online poker tournaments and online in-the-run betting.

Josh Blanksby, director, legal and corporate affairs at Betfair, told Computerworld Australia that promoting online poker tournaments in Australia is a step in the right direction. He said overseas operators already offer these services to Australian consumers and operate in an unregulated environment.

“There’s clearly a demand for it and we’re of the view that if possible they should be betting with Australian operators where it’s much safer and controlled,” Blanksby said.

While Betfair does not currently offer online poker services to its Australian customers, Blanksby said it would look into the opportunity because of consumer demand for the services.

“We’ve got technology available to us to offer those services in the jurisdictions that it’s permitted through Europe and a few other jurisdictions. Obviously, if the licenses became available we’d certainly look at it,” he said.

In its submission (PDF) to the committee, Betfair also proposed legalising online in-the-run betting, which would allow users to place bets while a game is in progress.

While it is currently legal for in-the-run betting to occur over the phone or in person, it is prohibited the online.

The review has recommended any form of in-the-run betting, on any platform, should be allowed if it is approved by the relevant state regulator and the national sports governing body. However, micro-betting, such as play-by-play betting, should still be prohibited, the report said.

Blanksby has welcomed the lifting of the prohibition on online in-the-run betting and said the law was created in 2001 but technology and the way customers interact with the internet changed changed.

“It just didn’t make sense for one platform not to be allowed while others are,” he said.

The Review of the Interactive Gambling Act 2001 found there could be as many as 2200 gambling services which are unlicensed and breach the IGA, with an estimated $1 billion being lost per year to unlicensed online gambling providers.

The review is now up for public consultation, which will close on 25 June.

“This is an interim report only. The government has made no decisions about possible changes to the IGA and will not do so until we have had further public consultation with interested parties,” Senator Stephen Conroy, minister for broadband, communications and the digital economy, said in a statement.


Abbott comes out against online gambling...

The federal coalition has declared it will oppose any moves to open up online gambling.

Opposition Leader Tony Abbott says he's not against gambling overall, but he is against more online gambling options, particularly those that might target young people.

"If it goes ahead, every computer is a casino," he told reporters in Canberra on Thursday as he joined independent senator Nick Xenophon to discuss the issue.

"That's not on as far as the coalition is concerned."

Communications and Broadband Minister Stephen Conroy earlier this week released a departmental interim report into the Interactive Gambling Act 2001 (IGA).

The report suggests 30 changes to act, including measures to ban micro-betting on sporting events, such as ball-by-ball bets in cricket or point-by-point bets in tennis, across all platforms.

But Senator Xenophon says the underlying reasoning of the report - that new forms of online gambling should be legalised because Australians were using illegal overseas sites - is flawed.

Senator Xenophon told reporters that the government had changed its tune on online gambling, since Senator Conroy said almost two years ago that the risks of opening it up in Australia were too great.

"That raises some serious questions - is the federal government looking at online gambling as their next big revenue source?" Senator Xenophon said.

The Commonwealth had been the "last best hope" for gambling reform because it did not rely on gambling revenue, unlike the states.

"Tony Abbott is absolutely right - if you open this up you will unleash a new tidal wave of problem gambling, particularly amongst younger Australians."

Senator Xenophon said if the government was concerned about Australians spending money on overseas-based online gambling it should blacklist the websites and crack down on the financial transactions.

Anti-gambling campaigner Tim Costello said in a statement, read by Senator Xenophon at the media conference, that online gambling was a "predatory product". (AAP)


Playtech and Virgin Games partner...

Virgin Games has further enhanced its offering by partnering with online gaming software provider Playtech.

Virgin Games has established a direct integration with Playtech, giving its customers access to a large variety of online slot games that will be launched over the coming months. The first game to be launched is Rocky, a five-reel, 25-payline slot based on the MGM film of the same title.

This integration “reinforces” Virgin Games’ strategy to bring its customers a wider choice of game content.

Simon Burridge, CEO of Virgin Games, said: “Our goal is to provide our customers with the widest range of top tier entertainment through online casino games. We believe that it is key to offer both variety and choice so it is crucial to us that we offer a range of games from a number of the best of breed software providers.

“Since the launch of our custom built platform back in 2008, we have introduced a wide range of new gaming content to our sites and Virgin Games now has one of the widest ranges of casino and slot games available in the UK, hosting over 350 games. The addition of Playtech, a leader in its field, is a big step forward for Virgin Games customers and we look forward to launching its games with a range of promotions over the coming months.”


James Packer to face fight on Star casino takeover...

Star casino chairman John Story has vowed to fight James Packer's move to have him kicked off the board and replaced by former Victorian premier Jeff Kennett, declaring he has the full support of his directors.

Asked if he was considering stepping aside from his role with The Star's parent company Echo after Mr Packer called an extraordinary general meeting of shareholders, he said: "Of course I'm not."

Asked if he had the full support of the board, Mr Story replied: "Yes."

A statement from the board supporting Mr Story is expected today.

The EGM called by Mr Packer must be held by the end of July. It comes amid moves by Mr Packer to take over The Star and build a second casino as part of a luxury hotel development at Barangaroo.

At this stage it appears Mr Packer's bid to install Mr Kennett will be unsuccessful but he will continue to press Mr Kennett forward if regulatory authorities allow him to lift his 9.9 per cent stake in Echo.

Mr Story has made clear that if Mr Packer wants to take over the casino and win board positions, he should pay a "premium" for it.

But Mr Packer's company Crown claims he has already artificially inflated the share price by lifting his stake from five per cent.

Premier Barry O'Farrell gave Mr Kennett support yesterday, saying he would be a very "capable" chairman.

Mr Packer's bid to increase his stake in Echo may face significant regulatory hurdles, with the Independent Liquor and Gaming Authority to send casino inspectors to Macau to investigate Mr Packer's businesses there amid controversy over his dealings with the Ho family.

The approval process could take six months.

Mr Packer's business partner in Macau is Lawrence Ho, son of Stanley Ho, who has been linked to Macau triads in reports by the New Jersey Division of Gaming Enforcement.

Mr Ho denies the allegations and Lawrence Ho denies any connection with his father's business interests.

Crown sources pointed out yesterday that Mr Packer had won regulatory approval in Perth, Melbourne and the "strictest" regime in the world - Nevada.

sIt is understood the Packer Barangaroo hotel proposal presented to the Premier in a meeting in March in the Premier's office involves the completion of a six star luxury hotel development at Barangaroo in 2018.

That would be built just one year before the one-casino licence for NSW runs out.

Crown and Lend Lease have been having discussions about building the hotel at Barangaroo south.

Asked for his opinion of Mr Packer's boardroom moves, Mr O'Farrell said yesterday: "I'm not a shareholder, I don't have to make anything of them.

"Jeff Kennett is certainly someone who is more than capable of being a chairman of a public company, and as I've said on the record before, I welcome investment in NSW, but anyone who invests in NSW has to meet the usual regulatory and planning approval."

But even if Mr Packer wins a takeover of the Sydney casino, it will never be as big as Crown in Melbourne.

There is a clause in the Victorian casino agreement which stipulates Mr Packer would not be able to build The Star as big as Crown (News Limited)


Packer casino bid to give Kennett a Star role...

Billionaire James Packer will ask Echo Entertainment shareholders to dump the head of Sydney's The Star casino in favour of former Victorian premier Jeff Kennett.

Mr Packer, who is chairman of Melbourne's Crown Casino, has called for the chairman of Star operator Echo Entertainment, John Story, to be stood down over the company's management of the casino and handling of a recent public inquiry into its operations.

Mr Packer has written a letter to Echo shareholders calling for an extraordinary general meeting to remove Mr Story and install Mr Kennett to the board.

Mr Packer is an Echo shareholder and it is believed the move is part of his plan to pressure the New South Wales Government to approve a second casino on Sydney Harbour.

The Government had said it would not comment, because Mr Packer's application to build the casino in the massive Barangaroo development is before the state's Independent Liquor and Gaming Authority.

But Premier Barry O'Farrell later insisted Mr Kennett's involvement would have no impact on any decision to allow a second casino.

"Jeff Kennett is certainly someone who is more than capable of being a chairman of a public company and, as I've said on the record before, I welcome investment in New South Wales," Mr O'Farrell said.

"But anyone who invests in New South Wales has to meet the usual regulatory and planning approvals."

Anti-gambling campaigner and independent Senator Nick Xenophon says he is disappointed to hear of Mr Kennett's involvement.

"What I find curious is that Jeff Kennett, through his terrific advocacy and terrific work for Beyond Blue, an organisation that has helped so many Australians battle depression; I think there is some irony in the fact, if he takes on this role at The Star casino, there is a clear link between problem gambling and depression," Senator Xenophon said.

Victorian Premier Ted Baillieu says he is surprised to hear of the potential new role for his predecessor, but Mr Kennett would be a valuable asset.

"Obviously there's a downside of gaming and gambling. I think if anybody is aware of that Jeffrey is aware of it, but there are also other components to what I understand is going to happen at Barangaroo," Mr Baillieu said.

The inquiry into The Star by the gaming authority reported back earlier this month.

The authority found the casino acted appropriately over sexual harassment claims against its former managing director, Sid Vaikunta.

The report said Echo promptly and thoroughly investigated the allegations and it was appropriate they sack him.


Tabcorp responds to Gambling Act review findings...

Australia’s Tabcorp has responded to the interim report released by the Department of Broadband, Communications and the Digital Economy, following its review of the Interactive Gambling Act 2001.

The operator has been a long-time advocate of a review of the act, but believes that the growth of online technologies has meant that it is not fulfilling its intended purposes since it was first introduced 11 years ago.

The company stated: "Specifically, a number of gambling operators offer online services to Australian customers in contravention of the act, without consequence.”

Tabcorp has reiterated its support for an online gambling framework that creates a level playing field for wagering operators, minimises harm and maintains consumer confidence in the gambling industry.

In response to the interim report’s findings:

• Tabcorp supports efforts to strengthen sanctions against illegal online gambling operators, including the provision of more forceful warnings to consumers. To succeed, these measures will require vigilance by authorities, resourcing from government and regular review to keep pace with technological change. The measures proposed should go some way to ensuring that contravening operators are more likely to comply with the act’s requirements and are sanctioned when they are breached.

• The deregulation of certain online gambling activities, such as live betting on sports events and tournament poker, would enable Australians who wish to participate in such activities to bet with reputable Australian operators, rather than force them to bet with contravening offshore or local operators.

• Tabcorp supports the development of national minimum standards for harm minimisation. This would create a framework for the appropriate delivery of online gambling, noting the differences for customer care between online and land-based gambling activity. Standards should address responsible gambling messaging, credit betting, inducements, marketing, self-exclusion and requirements for arrangements with sports controlling bodies. Tabcorp has been critical of the inconsistent approach to responsible gambling messages, pre-commitment tools and credit betting policies, which currently apply across the country. (Intergame Online)


News Ltd moving into MMOs and online fantasy games...

News Limited wants to begin charging for massively multiplayer online (MMO) sporting games

News Limited has flagged that it is to make a push into massively multiplayer online (MMO) games and ‘online fantasy games’ as part of an effort to capture a slice of the growing online gaming market.

In its submission to the Federal Government’s Interactive Gambling Act 2001 review, the company argued for a clarification of the ‘interactive gambling’ term to allow it to begin charging users to play.

The company already offers online fantasy sports games in which users can construct sports ‘dream teams’ but these are run as “free to enter trade promotion lotteries" in order to remain compliant under Interactive Gambling Act 2001 and various state legislations. However, News Limited argues that the nature and scope of the competitions are not akin to gambling services, and hence should not fall under the Act.

[ Receive up-to-the-minute news on telcos in Computerworld's Telecoms newsletter ]
According to the submission, the fee charged for entry would be based on a “relatively small fixed annual payment” in return for News administering and providing the gaming service.

“There would be no continual investment from the participants as is required to play poker machines, online poker or sports betting where there is always a chance to take or event to bet on,” the submission reads.

“This scenario differs markedly from the issue of problem gambling which is what the Act was designed to control by limiting the provision of gambling services to Australians through interactive technologies such as the internet.”

In clarifying the Act’s definition of an interactive gambling service to allow the company to charge for its online games and “allow News Limited to adequately compete in what is becoming a largely international market in terms of interactive online games.”

Detailing its plans for massively multiplayer online (MMO) games, News said it intended to allow users to take their dream sports teams and allow them to compete against other players online.

“Entry to the MMOs would be free with participants at a later stage being afforded the non-mandatory opportunity to purchase better skills to improve performance,” the submission reads.

According to the submission, with each user win the difficulty of the game increases, thus increasing the need for users to purchase new players, skills, coaches, and equipment via ‘cards’.

“The upper limit to the number of cards one player can purchase ensure that the games requires a fixed payment which would not be comparable to regular and continual monetary injections required to play online poker or wagering on sporting events,” the submission reads.

News’ submission follows those made by a number of online gaming companies. In its submission Sportsbet called for a relaxation in the Interactive Gambling Act to allow it to compete with offshore companies.

In its submission Internet Industry Association (IIA) called on the government not to make internet service providers responsible for regulating online problem gambling.


Crown Casino To Host World Series of Poker in 2013...

James Packer's Crown Casino has announced an exciting partnership with the worlds largest poker brand, the World Series Of Poker. Set to take place at Crown Casino in Melbourne from April 4-15 2013, the World Series of poker Asia-Pacific (WSOP APAC) is a huge expansion into the world's largest gaming market.

WSOP Executive Director Ty Stewart said, “Our goal is to establish the worldwide grand slam of poker and use our platform to elevate the game through a series of major championships,”
“With WSOP Las Vegas growing annually and WSOP Europe poised for long-term success after five years, the time is right to turn our attention to the dynamic poker scene in Asia and Australia. Given Crown’s success with the ‘Aussie Millions Poker Championship’, we couldn’t ask for a better partner than Crown to establish the Asia-Pacific’s definitive poker festival.”

Crown Casino in Melbourne already is the home to the world's largest tournament series outside of the World Series Of Poker in Las Vegas with the Aussie Millions series each January attracting the worlds premier players. Crown Melbourne's CEO Greg Hawkins said, “This exciting partnership brings together two industry leaders, and two strong brands, to create a premier poker event in this region”.

“Our agreement firmly aligns with our objective of attracting the very best local and international players, all vying for a coveted WSOP bracelet. We are incredibly proud of what we have achieved with the Aussie Millions and look forward to featuring WSOP Asia Pacific on our poker calendar in April 2013.”

The WSOP brand is one of the worlds most iconic and every poker player in the world dreams of one day being the proud owner of coveted WSOP Bracelet. The WSOP brand is 42-years old and in 2007 it expanded beyond the USA with the launch of the WSOP Europe in London (2007-2010) and subsequently into France (2011). The WSOP APAC is set to tap into the tremendous growth of peer-2-peer gaming in this region.

As part of the agreement with the WSOP, the WSOP APAC events are expected to be televised globally across ESPN. Fox Sports, as seen on Foxtel, already broadcasts games from competitor, World Poker Tour (owned by Bwin.Party Digital Entertainment).

One man who is no stranger to ESPN and the WSOP is Australian local sporting hero, Joe Hachem. Way back in 2005 Joe won the most prestigious poker event in the world, the World Series Of Poker Main Event.

“It’s thrilling to think the World Series of Poker is coming to Australian soil,” said Joe Hachem. “I know first-hand what a life-changing moment winning the WSOP gold bracelet was and how it served as a catalyst for the growth of poker in Australia and Asia. It will be a dream come true to host a worldwide poker event such as this at Crown. I can’t wait.”

The full WSOP APAC schedule is set to be released later this year.


Marvel Entertainment - The Avengers Boosting Marvel Slots Popularity; Media Agency...

The box office success of Marvel Entertainment comic book based movie 'The Avengers', is boosting the popularity of Marvel slot games across internet networks, the Media Man agency has reported.

A Media Man spokesperson said "Marvel themed games have been popular ever since they were first released, but the success of Marvel Entertainment movies such as Thor, Captain America and The Avengers has at least doubled their popularity according to our data. A new rumoured Hulk movie or TV series, and the upcoming release of The Wolverine movie, staring Australia's own Hugh Jackman, will only further spike online game popularity."

Bwin.Party Digital Entertainment has licensed the Marvel deal, and the games can be found at Hitwise top ten website portals such as Media Man, which has a b2b in place with Bwin.Party and PartyCasino.

More Marvel Entertainment games are in the works and the Media Man agency will be providing detailed reviews on the games as more information comes to hand.

Gamers and gamblers, as always - bet with your head, not over it, and have fun.

Marvel Entertainment movie game fans and true believers...there's only one thing to say - Excelsior!


Chris Hemsworth Catches Self From Fame, Calls Hollywood Rise Amazing...

Chris Hemsworth is literally lording over cinema lobbies recently. His arresting larger-than-life posters and stand-ins are displayed as Thor in “Marvel’s The Avengers,” “The Cabin in the Woods” and forthcoming film “Snow White and the Huntsman.”

“[Fame is] absolutely [surreal] I catch myself and I think ‘oh my God.’ I’ve been in the business 11, 12 years and now I’m doing exactly what I dreamed of. It’s funny because when you are right in the eye of the storm you don’t realize it. Then suddenly you catch yourself and go ‘wow, this is amazing.’”

Hemsworth spends most of the awesome Hollywood time going through the motion without really realizing how huge his year has been since he starred in “Thor.” But he gets reminded of the feat through family.

“What’s most enjoyable is when my parents come and visit and I’m able to see it through their eyes. That’s so great. They are blown away every time they come to a set to visit. And it’s lovely going to premieres with them. We all just have a laugh about it.”

For the actor, it seems just yesterday when he came to LA from Australia and struggled to find acting gigs. But looking back now, “I’d had a good year of doing nothing and I was about to go home when these things started happening. I worked with Kenneth Branagh, Anthony Hopkins and Natalie Portman in ‘Thor.’ These are great professionals who I respect enormously and they are such a good bunch of people, too. Then I jumped into ‘The Avengers’ with another amazing cast and from that to ‘Snow White and the Huntsman.’ It’s been incredible. Next I’ll be working with Ron Howard on ‘Rush.’”

A family man off-camera, Hemsworth’s family life is also in the upswing. Happily married to actress Elsa Pataky and a new father to a baby girl born May 14, Hemsworth is one rare example that some people can have it all.

“I am very excited (about fatherhood). As a kid, my parents travelled up to the Northern Territory and all over Australia. I look forward to doing that kind of thing with my family. So becoming a father is another exciting journey for me.”

Playing A Drunk Huntsman

The 28-year-old actor only gets to visit the dark side when filming. In “Snow White and the Huntsman,” the actor stars opposite Kristen Stewart and Charlize Theron. “It’s certainly more the Grimm’s fairytale version of Snow White than the Disney version that we know from the cartoons. ‘Snow White and the Huntsman’ is epic in every way. The scale of the picture is huge. For example, we were shooting 150 people on horseback riding down the beach to storm the Queen’s castle, a fantastic scene we shot down in Wales. I’ve never seen anything this size. And the sets were incredible. They built castles and courtyards and villages one after another.”

He likened the production to the epic battle scenes of “Lord of the Rings” and “Gladiator.” “It’s a sort of on the scale of a ‘Lord of the Rings’ or ‘Gladiator’ film. What was great for me was Rupert Sanders’ (director) vision for the film and the fact that there are fully developed characters. There’s nothing black and white about it. Even the Queen has great motivation for doing what she is doing. She is not just evil for the sake of being evil. Snow White, too, has her own conflicts. The Huntsman, who I play, is a real lost soul and has sort of given up on the world and then sees a bit of light in Snow White. She sees it in him, too, and all of a sudden he is forced to re-think things and find who he really is. It’s a very redemptive story for my character. There are some beautiful character arcs.”

In “Huntsman,” the dwarves are played by Ray Winstone, Ian McShane and Bob Hoskins among others. “The dwarves are amazing. To work with those guys and actually to sit off set and listen to Ray Winstone, Ian McShane and Bob Hoskins chatting away to each other, telling stories, all their banter, was such a treat. What they add to the film is just brilliant. It’s one of my favourite things about the film,” said Hemsworth.

As the Huntsman, Hemsworth said he was “hired as a bit of a mercenary. He’s a drunk and he puts himself into situations where he doesn’t really care what’s going to happen. And he’s doesn’t have much of a choice about whether he will go and capture Snow White. He is kind of forced into it but at the same time he is offered something that The Queen promises. So he weighs his options and agrees to do it. By the time he meets Snow White and captures her, his conscience starts to play into it and he starts to see the light that Snow White has. He begins to question what he is doing.”

As far as Hollywood’s current obsession with fairy tales goes, Hemsworth said it has a lot to do with the stories being familiar to viewers. “I think it’s because fairy tales are familiar to people. These stories have survived so long so obviously there is something enjoyable about them. It can be tough sometimes to get people into the cinema so when you have a film of this scale, with all of the special effects, people want to see it on the big screen.”


Hugh Jackman tweets Wolverine sequel start date...

Uncross those adamantium claws because The Wolverine could go into production in Sydney as soon as August, according to a tweet from Hugh Jackman.

In a reply to a fan who tweeted him about when his Wolverine sequel would start filming, Jackman replied: "(it) starts shooting in August!!!"

The Aussie star, who is currently filming Les Miserables with Russell Crowe, will take a two month break before filming begins so he can bulk up his famous frame for The Wolverine.

The news was announced last month that the state and federal government had secured a deal with 20th Century Fox to have the film shoot locally, bringing some 2000 jobs to Sydney.

It was a welcome relief for fans of Jackman's portrayal of comic book hero Wolverine.

The sequel to X-Men spin-off X-Men Origins: Wolverine has experienced no shortage of trouble in its pre-production stages, with a 2011 start date in Japan having to be canceled after the tsunami.

Black Swan director Darren Aronofsky was attached to the project, before dropping out and being replaced by James Manogold (Walk The Line, Girl, Interrupted).

Jackman says he's looking forward to working with Manogold, who directed him on rom-com Kate and Leopold.

"He’ a great director and he’s very smart.

"I know he’s going to make an amazing film and this is the best script we’ve ever had.” (News Limited)

Websites

PartyCasino.com

Virgin Casino

Media Man International

Casino News Media

Crown Melbourne (Crown Casino)

Media Man Entertainment

Australian Sports Entertainment

Website Network

Media Man Int

Media Man

Media Man Entertainment

Media Man News

Wrestling News Media

Australian Sports Entertainment

Tuesday, May 29, 2012

The gambler who hasn't made the list - yet; A serious man; When the crowd funds a flop, what next?

Profiles

Gaming Gambling Casinos Art Racing Entrepreneurs Celebrities Promotions Global Gaming Directory

The gambler who hasn't made the list - yet - 24th May 2012


An honorarble mention in this year’s Rich 200 must go to David Walsh. While his estimated wealth falls short of the $210 million cut-off in this year’s ranking, the Taswegian stands out this year for his ability to make Australians feel uneasy.

It’s not just the contents of his Museum of Old and New Art (Mona), perched on the banks of the Derwent River just outside Hobart, with its excrement-producing Cloaca exhibit, display of human ashes and artist Chris Ofili’s The Holy Virgin Mary depicting the mother of Jesus surrounded by female genitalia and including elephant dung that will discomfort some.

It is the fact that in a year when arguments about gambling reforms have drawn vicious lobbying from the pubs and clubs industry and threatened to bring the machinery of parliament to a halt and when there’s growing concern about gambling generally that Walsh has so overtly used a fortune accrued from wagering to build a temple to art – celebrated by many of the same people who decry gambling.

In fact, the country’s largest private museum, which opened early last year, has contemporary Australian art fans salivating. Its contents include Sidney Nolan’s Snake, a 46-metre-long, nine-metre-high collation of 1620 different painted panels, and works by Brett Whiteley, Arthur Boyd, Charles Blackman and Russell Drysdale. Mona also treads solidly into ancient territory with the mummy and coffin of Pausiris and a cast bronze votive figure of Isis and the Infant Horus, from 600-300BC.

The public loves it. Mona drew more than 330,000 visitors last year – almost half from outside Tasmania. The collection is doing great things for tourism to the Apple Isle and for Australia as a whole.

“The only time I can think of in recent history that [we had] something this big, audacious, generous and gifted was probably in America,” Edinburgh Festival director Jonathan Mills gushed last year. “It’s the Getty, the Guggenheim, it’s on that level.”

And yet, revelations that Walsh’s $175 million project was funded in part by his friend and fellow gambler Zeljko Ranogajec, whose gambling syndicate makes money out of the rebates that totalisers give in exchange for placing large bets – reducing the pool of winnings for ordinary punters placing smaller bets – only adds to the unease.

It’s no doubt a contradiction the private Walsh enjoys. If he were a miner or industrialist, his generosity would be unambiguously celebrated. That’s the sort of background Australia has come to expect of its arts patrons. Still, taking from the poor and giving to middle-class causes is something state-owned lotteries have always done. Walsh could argue he is doing the redistribution more directly, by cutting out the need for a lot of grant applications. Or he might not.

“I invent a gambling system,” Walsh writes in the introduction to his book Monanisms. “Make a money mine. Turns out it ain’t so great getting rich using someone else’s idea. Particularly before he had it. What to do? Better build a museum; make myself famous. That will get the chicks.”

The extent of Walsh’s own fortune is unclear. He has a collection of properties in and around Hobart, one of which he co-owns with Ranogajec, along with the premium Moorilla Estate winery and vineyard and Moo Brew brewery.

It remains to be seen how Walsh views his own cash flow. Is Mona, with its stated $100 million worth of artworks, simply vanity spending? Is Walsh a patron in the traditional sense or should this be seen as an initial investment into a new realm of money-making ventures?

Features of the museum, with its iPod-based self-guide system, which explains exhibits while simultaneously collecting useful data for curators on what visitors are viewing and the length of time they spend at each artwork, along with a bar in the museum selling Moo Brew beers and Moorilla wines lend themselves to replication. A side project is the 10-day Mona Foma (Festival of music and art), which this year ran for the fourth time.

It may all be just another investment. The 50-year-old Walsh has already said in interviews he intends to exploit his high-profile attraction.

“I want to use Mona as a marketing tool to drive some products that I hope will make some serious money.” (Fairfax Media)


A serious man - 28th May 2012...




Tom Waterhouse just lost $400,000. It's 2.25pm on a Saturday in Melbourne and Waterhouse is working, with 20 of his staff, in his weekend "office", a gloomy bunker at Moonee Valley Racecourse. The course itself is a ghost town - there are no races here today - but the bunker, a low-ceilinged and exceedingly unglamorous space, is animated by the kind of urgency you see in a termite colony that has just been kicked. There are lots of computers, screens, mobiles, TVs tuned to six race meetings, and young guys with fashionable facial hair - Waterhouse's "wagering officers" - who yell out stuff like "The eight in Sydney to win $5000" or "$4000 each way on Top Fluc One!"

At the centre, meanwhile, is Waterhouse, standing at a high table, sucking on a vitamin C tablet. He is dressed in a dark-blue suit and mint-green tie. His eyes are blue, his skin pale, his teeth ruler straight and pearly white. On the table before him are four computer screens and 10 mobile phones, the numbers of which are known only to VIP clients, 100 "high net worth individuals" whose minimum bet is $1000. He won't tell me their names or, in fact, anything about them, except that all but one are men.

The first thing you notice about Waterhouse is that he is the exact opposite of what you expect. He doesn't drink alcohol or coffee, nor does he smoke or swear. Instead, he says "Oh, gosh". He is distractingly, almost distressingly polite: "When I first met him he was so nice I thought he was taking the piss," his marketing manager, Warren Hebard, tells me. Above all, he does not get ruffled. Getting ruffled would indicate either a lack of control, which he has in spades, or a surfeit of emotion, which he hasn't. And yet, like his mega-risk-taking grandfather, Bill, Waterhouse is known for taking on the biggest punters, for winning and losing bathtubs full of money in the course of an afternoon. In 2008, he lost $1.175 million in 10 minutes, only to make it all back by sundown. Not long after, he lost a further $2 million (for good, this time). When, this afternoon, it becomes apparent that he has just done $400,000 on one race, he issues only the slightest wince, pops another vitamin C and returns to his screens.

Waterhouse, who turns 30 this June, is the managing director of www.tomwaterhouse.com, one of Australia's largest corporate bookmakers. The company, which has offices in Sydney, Melbourne and Darwin, offers odds on not only thoroughbreds, harness racing and greyhounds but also on rugby league and rugby union, cricket, tennis, Australian rules and, as Hebard puts it, "every other sport you can think of, from Swedish handball to two flies crawling up a wall".

Waterhouse makes the most of his family name, which has been intimately associated with bookmaking and horse racing for 112 years. (His father, Robbie, still works as a bookie; his mother, Gai, is a celebrated trainer.) But his real business is in creating as many markets as possible for punters to wager on: Waterhouse now offers odds on everything from who will win Dancing with the Stars and the Miles Franklin Literary Award to the final sale price of painter Edvard Munch's masterpiece, The Scream. "As long as it meets my licensing conditions and it passes the smell test, meaning it's not too weird, I will bet on anything," he says.

Perhaps more than any other bookie, Waterhouse embodies the changes that have recently transformed Australian gaming. Ever since the easing, in 2008, of regulations governing cross-border betting and gambling advertisements, overseas and domestic bookmakers have been battling each other for a piece of the local market, where punters wager more than $20 billion a year. Corporate bookmakers such as the foreign-owned SportingBet and SportsBet barrelled in, going toe to toe with on-course operators, including Waterhouse, who had been working "on the rails" since 2003, building his VIP business under the tutelage of father Robbie and grandfather Bill. By 2008, Tom was Australia's biggest on-track bookie; at the Melbourne Cup that year, he held more than $20 million over four days, more than all the other bookies combined.

But there is only one Melbourne Cup a year. Thanks to the advent of pay TV and online gambling, normal race-day attendances plummeted throughout the 2000s. "I haven't been to the races in three years," Waterhouse says. "It's dead. At the same time, I realised people still want to have a punt, they just wanted to do it from their couch or on their iPhone."

And so, in 2010, Waterhouse launched his online business, which he promoted in a multi-million-dollar campaign of free-to-air, print and online advertisements, including paying $70,000 to have his face plastered on a Melbourne tram. The company now has 80,000 clients, boosted by the purchase last year of the databases of two corporate bookmakers who had recently gone bust. Waterhouse employs 60 staff, and is recruiting overseas for 40 more. Robbie Waterhouse calls the strategy "growing broke", explaining, "The business is expanding at such a rate that it requires every dollar Tom has."

According to Warren Hebard, the marketing spend is now $20 million a year, a mere fraction of company turnover, which he puts in the "hundreds and hundreds of millions".

Recently I had dinner with Waterhouse at Nobu, a Japanese restaurant in Melbourne's Crown complex, where he lives in a $1900-a-night villa apartment on the 31st floor. Waterhouse has a perfectly acceptable home in Sydney - an apartment in Balmoral on Middle Harbour, just around the corner from his parents, that he bought in 2009 for $3.5 million. But Victoria's more favourable gambling laws mean he spends half his life south of the border, necessitating a yoyo-like schedule of at least three business-class flights to Melbourne and back a week. Such an arrangement is fine for now - he and wife Hoda Vakili, whom he married last year, don't have any children, a situation Waterhouse plans to remedy.

"I want to have six kids," he says. "As soon as possible."

"Seriously?" I ask.

"Seriously," he says.

Thanks to his 2006 appearance on Dancing with the Stars (he was knocked out in the third round), and his frequent partying with the likes of Charlotte Dawson and Tim Holmes à Court, Waterhouse has become known as something of a red-carpet junkie. He certainly knows how to spend his money: there are the skiing trips to Aspen, the holidays in Italy and, of course, the yearly pilgrimage to London, where he attends Royal Ascot and picks up a new suit from his father's tailor in Savile Row. His marriage last year was similarly five-star: bucks' and hens' nights in London, ceremony in the Sicilian seaside town of Taormina, followed by, as one newspaper put it, "lunch in Switzerland" and the honeymoon in Monte Carlo.

Not surprisingly, plenty of people don't like Waterhouse. The consensus is that he is too rich, too young and too lucky. Others don't like the fact he's a bookie. "Self promoter, making $ off the misery of others," one tabloid newspaper reader commented after an article on him last year. When news emerged that Vakili had undergone emergency surgery in January after injuring herself in Aspen, readers responded with an outpouring of indifference: "Should wipe the smug smile off their faces for a few weeks at least," one wrote.

I'm as jealous as the next guy, but "smug" isn't the right word for Waterhouse, who, in person at least, is self-effacing to the point of invisibility. He is softly spoken and reflexively formal. "Mum thinks I dress very boringly," he says. "Always in a dark suit and white shirt." When he was nominated for the Cleo Bachelor of the Year Awards in 2005, he was one of only two people out of 50 who opted to keep their shirts on for the photo. (The other was Guy Sebastian.) For now, he says, his life is defined by work: he goes to bed at midnight and rises at 7am, and takes only one day off a week. "Until I was married I worked seven days a week," he says. "Even when I'm on holidays I'm on my computer six or seven hours a day."

He is partial to fast cars: he has owned a Porsche 911 and currently drives a silver Mercedes SLS Gullwing (retail price: $496,000). But to picture him driving it fast, let alone crashing it, is to picture the Pope smoking crack. His optimum mode of relaxation is going to the movies with Vakili, which he does at least once a week. "We'll get the choc tops, a Slurpee," he says. "It's really great."

He also likes tennis, though playing him requires a certain kind of patience. "This is the problem with Tom at tennis: he is so formulaic and robotic," friend Jason Dundas says. "He never goes for a winner, because he knows the formula is that whoever can hold the rally longest wins. And so he plays the game to never hit a foul, and just hits these lollipops; he never goes for that Rafael Nadal cross-court winner because he knows that the chance it will go out is higher than it will go in, and he calculates that all in his head and wins the game every time. It's so annoying."

It's impossible to separate Waterhouse from his family, which has, since the First Fleet, shown a Flashman-like knack for controversy. When Governor Arthur Phillip was speared by Aborigines at Manly in 1790, it was Lieutenant Henry Waterhouse who was there to pull out the spear; Henry also brought the first thoroughbred racehorse to the colony, along with the first merino sheep. Later the family operated a Sydney ferry service, ran pubs and a sly-grog operation, even dabbled in opium smuggling.

The first bookmaker in the family was Charles Waterhouse, who got his licence in 1898, but it was his son, Bill, who would take it to another level. Through a combination of brains, balls and ruthlessness, Bill, who had initially practised as a barrister, became arguably the world's biggest gambler, a "leviathan bookie" who in the 1960s took on high-stakes punters like "Filipino Fireball" Felipe Ysmael and "Hong Kong Tiger" Frank Duval in million-dollar betting duels.

With his suit, hat, tote bag and cigarettes - 100 a day at one stage - Bill, who turned 90 this year, epitomised the old-style bookie. In his autobiography What Are the Odds?, he writes about arming himself with a .38 Smith & Wesson in the 1970s, and about his various entanglements with gangster George Freeman, "marijuana salesman" Robert Trimbole and the late Kerry Packer, who apparently died owing him $1 million. ("You can go and get f...ed and whistle for it," Packer reportedly told him. "You'll get nothing from me.")

"I don't pretend to be Simon Pure," Bill Waterhouse writes. "I have sometimes cut corners to get what I needed, but I am certainly no crook." Yet his name has been associated with virtually every scandal in horse racing bar the death of Phar Lap. Chief among these was, of course, the Fine Cotton affair of 1984, in which a handy sprinter named Bold Personality was painted with Clairol hair dye and substituted for a weaker horse called Fine Cotton. Bill and son Robbie, who had put money on the horse, were both charged by the Australian Jockey Club with "prior knowledge" - something they have always denied - and banned from racetracks for 14 years.

Tom insists he can't remember much about it: "I was two years old!" he tells me. Nor did it feature much in conversation. "It's a little bit like religion; I try not to bring it up."

It's tempting to see in the younger Waterhouse a reaction, conscious or otherwise, to the family's picaresque backstory. But it seems Tom has always been serious. Like his father before him, he attended the elite Sydney private school Shore. But where Robbie had gained a name for running a student betting ring, Tom became a senior prefect and house captain. "He is a seriously, like very, very, very ambitious guy," long-time friend David Chambers says. "He controls his emotions, he doesn't let them control him."

Chambers, who grew up around the corner from Waterhouse, says "Tom was always super competitive ... and a little bit bizarre. One day he came to school and said, 'You guys are all taking sick days: that's soft. I am never going to take a sick day.' He just thought it would be fun. And we were all like, 'Yeah, whatever.' But he never did, the whole time we were at school."

Horse racing dominated the Waterhouse home. "It was always discussed around the dinner table," Robbie says. "Every aspect of it." Tom got his first horse, a Shetland pony, for Christmas when he was five. Yet he had no interest in an on-course career. Instead, after school, he started a commerce degree, majoring in finance and marketing, at Sydney University. "I wanted to go into finance," he says. "It seemed like a good industry to be in."

Then one day in 2001, Robbie asked him if he'd come and "help out on the bag" at Rosehill. "Within about 20 minutes I was hooked," he says. Waterhouse was only six months into his course, but he immediately rearranged his timetable, moving his classes to Monday and Tuesday so that he could attend the races for the rest of the week. He got his licence for the dogs, then for thoroughbreds. Coming from racing royalty had its advantages. Gai, daughter of legendary trainer Tommy J. Smith, taught him horses; Robbie taught him analysis. ("Dad still gets up every day at 3am so he can do seven hours studying all the results and times.") And Bill showed him how to gamble. (Bet bigger if you're winning, smaller if you're losing, and always keep an eye on cash flow.)

Yet there were mishaps. In 2007, one of Waterhouse's biggest punters, the CEO of a big listed company in the US, placed a bet with him of $1.2 million. As he had never taken a bet that big, Waterhouse laid off the risk by "betting back" $800,000 with other bookies. When the CEO's horse lost, "I thought, 'Oh gosh, I've won $400,000! I'm going to buy a Ferrari!' But come Monday I had to pay $800,000 to those other bookies while my guy took the knock [refused to pay]."

Waterhouse pursued the debt through the courts, but has never got all of it back. (Courts are a recurring motif with bookies. In 2010, Waterhouse was in the Federal Magistrates Court chasing $2.6 million that he said Sydney businessman Andrew Sigalla owed him. And in January this year he placed a caveat over brothel-owner Eddie Hayson's Parramatta Road business, Stiletto, as security for $1 million in gambling debts.)

The movement of money away from the track and onto the internet has done much to sanitise racing. "In the days of the SPs, if you took the knock they'd come round and cut your toes off," veteran race writer Max Presnell says wistfully.

The perils of 21st-century gambling are more prosaic. Addiction. Bankruptcy. Family break-up. Waterhouse was raised in a religious household. "We went to church every Saturday night," he says. "I still pray occasionally, just to reflect on family and loved ones." But the moral dimension of his business doesn't trouble him. "I always say to people who bet with me, 'Anything in excess is bad for you: shopping, eating, gambling.' "

When in doubt, he invokes what he calls The Toilet Test: "If you feel uneasy about the bet, if you need to duck off to the toilet all the time, then you're betting too much. It's like anything else - if you feel uncomfortable doing it, chances are it's not a great thing to be doing."

The boardroom of Waterhouse's North Sydney office is an impressive space: there's a giant antique table, a cabinet full of trophies and a life-sized portrait of Bill Waterhouse, form guide folded under his arm, standing beneath the Harbour Bridge. Tom is explaining how he prices his odds when I spot, high up in the cabinet, Bill's original white leather tote bag.

"Do you want to see it?" Tom asks excitedly.

"Yes," I reply, imagining it to be full of interesting stuff: betting stubs, track programs, old pencils worn to the nub. But when Tom opens it up, it's empty. "Oh," I say, disappointed.

"It's basically just like a big purse," Tom says. "That's the way it worked." (Fairfax Media)


When the crowd funds a flop, what next? - 29th May 2012


Backers of high-tech video glasses have had enough of waiting for their crowdfunded returns.

Crowdfunding website Kickstarter was used to raise $US340,000 for a project to build a pair of HD-video recording glasses, but almost a year on, people who invested in the project have not received their products and the project creators have seemingly disappeared.

Kickstarter has denied responsibility for a growing number of apparently failed crowdfunding projects, but donors who claim to have been ripped-off are fighting back.

Crowdfunding is a way for individuals to make their dreams a reality, as touted by websites like Kickstarter and IndieGoGo which provide the social media tools to tap friends, family, and their extended networks for the capital needed to build a product.

In the embryonic stages the quirkier ideas garner media attention and are oversubscribed, often raising more money than initially requested.

While the success stories are well-documented, there is a growing list of stillborn projects where money has been collected by the project owner (95 per cent) and by Kickstarter (five per cent) but donors haven't received their promised returns.

The websites stress the responsibility rests with the project owner and the donor - they shy away from calling them "investors" as this would attract different regulatory compliance - but some frustrated donors are taking action.

The ZionEyez project trajectory is typical other Kickstarter consumer tech product success stories, but so far it doesn't feature the same happy ending.

The four founders asked for $US55,000 to build Eyez, a pair of glasses that could record HD video. After extensive media coverage (including by Engadget, Mashable, Forbes and Rolling Stone) it raised $US343,415 from 2106 backers when the funding round closed on July 31.

Since then the founders have missed the original delivery deadline of the northern "Winter 2011" and donors' growing concerns over product delivery are not being directly addressed.

There are more than 850 comments on the project page, some asking for a class action, and including one donor's correspondence with ZionEyez.

"Thanks for reaching out to us. We will be releasing another engineering update for our KS Backers in the near future. Thanks for your patience and support!"

Bill Walker was one of the donors who committed the $US150 required to secure a pair of the glasses.
In an attempt to claw back the donations he built the site zionkick.com to organise legal action against the founders of the ZionEyez project.

They must provide a reasonable time for the product to be delivered, he said.

"At the present time we (interested backers) are playing the waiting game," Walker wrote via email. "We have to give them a period of time in which to perform before filing fraud charges. When a period of time elapses that would satisfy the legal eagles...then we attack. Until then we bide our time."
"Their attorney CEO knows the heat is on so he might be insisting they produce something, even if it's on the level of the $US59.95 products currently on the market. Produce anything that will satisfy the spirit of what they said they were going to produce.

"In the meantime Kickstarter takes their 5 per cent and insists the backer is totally responsible for vetting the money grubbers."

Kickstarter did not respond to specific questions about whether it would intervene in the ZionEyez project, and pointed to their frequently asked questions (FAQ) page which says the creator is responsible for fulfilling a project's promise.

"Kickstarter doesn't issue refunds since transactions are between backers and creators, but we're prepared to work with backers as well as law enforcement in the prosecution of any fraudulent activity. Scammers are bad news for everyone, and we'll defend the goodwill of our community."
ZionEyez did not respond to requests for comment.

Crowdfunding projects fall outside the general consumer protections afforded by the Australian Consumer Law and NSW Fair Trading's jurisdiction, according to a Fair Trading spokesperson.

This is because the project is not a form of business trading, and a consumer-supplier relationship does not exist. The risk is amplified when dealing with international sites, the spokesperson said.
"Whenever dealing with an entity that is from outside Australia, consumers should be aware that should something go wrong, redress can be much more difficult to achieve than when the trader is domestically-based," the spokesperson said.

Donors do have some avenues for legal recourse but this could be expensive, according to Rouse Lawyers special counsel Kurt Falkenstein, who specialises in start-ups and has helped some raise money via crowdfunding.

The crowdfunding websites should take responsibility, he said.

"The principles of contract law still apply to crowdfunding – and if you misrepresent or falsify information that induces someone to enter a contract, you are liable – so the terms and conditions of the crowdfunding platform are vital," Falkenstein said.

"The hard thing with contract law is enforcement – are you going to go to court over tens or hundreds of dollars?

"Consumer law may apply where goods or services are promised but not delivered – you can't promise to provide something and not do it – but then you are relying on the ACCC.

"For me, if hundreds or thousands of people are ripped off, the platform should help those people band together and enforce their rights."

There is always a risk that these websites can be exploited, according to Alan Crabbe, co-founder of local crowdfunding website Pozible. He did not respond to a question whether the site had any undelivered projects.

There are safeguards against this, including filtering projects based on national/state investment laws, checking the project creator and holding photo ID, and tracking unusual activity on projects, he said.

Crowdfunding websites are not legally responsible for failed projects, according to StartSomeGood.com co-founder Tom Dawkins, but this does not mean they won't be judged in the court of public opinion.
The key is to curate the projects , he said, so the sites, project creators, and donors are ensured of the greatest chance of success.

"We don't believe we are legally or functionally responsible but, after the project concludes, we know people will hold us responsible anyway."

"We reject a lot of projects because they're too fantastic and unachievable. We try and make sure that we do feel proud of every project on our site, that we feel comfortable and stand by it."

Website Network

Media Man Int

Media Man

Media Man News

Media Man Entertainment

Casino News Media

Global Gaming Directory