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The online poker merry-go-round continues with Coral Poker the last online poker site to announce it is switching networks.
Compare Skins BestPokerSkins.com offers you a place with a complete and up-to-date overview of all poker rooms on the different poker networks like GGNetwork or iPoker. View All iPoker Skins View All GGNetwork Skins. The site has probably gotten even looser recently due to the split from the skins, which housed numerous good players who utilized the skins to get bonuses and rakeback while still competing against Party players. By contrast, the skin network is fairly tight and aggressive, although good games are still available, especially at 6-max tables.
Coral Poker planned to close its skin on the iPoker Network on Dec. 4 and move to partypoker later this month. It completes a full 360 as Coral Poker used to be part of partypoker’s network several years ago.
Party Poker Network Skins as well as gameshow-style games, in real time and in high definition. The live casino games are all powered by Evolution Gaming, a software provider who has won numerous Party Poker Network Skins awards for Casino Supplier of the Year and Innovation in Party Poker Network Skins Casino Entertainment. The late December tournament will be the first WPT event on the partypoker US network. Presently, the network consists of three skins, all restricted to players physically located within New Jersey: BetMGM Poker Borgata Poker; partypoker NJ; Satellites to the Main Event will run on all three skins, with buy-ins as low as $5.
An email received by Coral Poker’s players informed them of the impending change.
We're making big changes: Coral Poker are joining the GVC PartyPoker network, the safest and most established poker network in the world.
These changes won't affect your cash balance, but unfortunately they will reset your Poker Points and Bonus balances.
Points, Bonuses, Golden Chips & Free Spins will remain in your account until 23:59 on 3rd December 2019.
Coral Poker Team
Several posters on the TwoPlusTwo forums vented their frustration at only being given a week to spend their loyalty points and clear any unreleased bonuses. PokerNews, however, has since learned the migration will not be completed until the start of the New Year so they have approximately three weeks to tie up any loose ends.
Ladbrokes is set to follow in Coral Poker’s footsteps and become part of partypoker’s player pool once the Coral migration is completed.
The Move Is Unsurprising
It is a move that has been expected for a while after GVC Holdings, parent company of partypoker, acquired Ladbrokes-Coral for £3.2 billion in March 2018. The sale could have cost up to £4 billion, but a reduced price was written into the sale’s terms if the British government slashed the maximum stake of Fixed Odds Betting Terminals (FOBTs) from £100 to £2, a move that happened in May 2018.
GVC acquired Ladbrokes-Coral Group only 28 months after Ladbrokes and Coral joined forces in a £2.3 billion merger in November 2016. Rumors of GVC’s interest in the newly merged company started circulating in November 2017 and the acquisition completed in March 2018.
Earlier this year, on Feb. 28th to be exact, GVC Holdings and Playtech, the owner of the iPoker Network, announced a new long-term agreement that see Playtech continue to provide its software and expertise to all GVC brands.
Playtech specializes in online casinos, back-office software, and self-service betting terminals and supplies these to Ladbrokes Coral and GVC Holdings throughout Great Britain, the Republic of Ireland, and Belgium. The deal is set to run until the year 2025. There has been no indication Coral Poker and Ladbrokes Poker moving to partypoker will have any effect on this latest agreement.
Could Playtech Be Switching Hands?
There have been rumors that Playtech could be set for a takeover of its own. Its share price has halved in the last 12 months on the back of two profit warnings. Only three years ago, shares in Playtech were being traded at 991 pence per share. Fastforward to today and each share is only worth 382.10 pence per share.
Those rumors have gained a little credibility with activist investor Jason Ader of Springowl Asset management quietly building a 5% stake in the struggling software provider. Ader was thought to be instrumental in forcing bwin.party digital entertainment into the hands of GVC Holdings.
Ader has already demanded Playtech refocuses on the gambling industry and, on Nov. 15, 2019, went on record to call Playtech “the most undervalued gaming company in the world,” and said Playtech would be the ideal candidate for a leveraged buyout.
Perhaps GVC Holdings, who have been actively vacuuming up companies over the past few years, would be a prime candidate for such a takeover.
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PartyPoker
After two successful series in New Jersey, the World Poker Tour and partypoker US Network are raising the stakes. On Wednesday, the companies announced the first-ever WPT Main Tour online event to be played in the Garden State.
The $3,500 buy-in WPT Online Poker Open Main Event runs Dec. 27–29 and comes with a $1 million guarantee. Partypoker players will now have an opportunity to join the WPT Champions Club and take home a huge payout.
“WPT and partypoker US Network continue to expand our relationship,” partypoker US Network director of poker Ray Stefanelli told USPoker. “The opportunity to conduct the first-ever WPT Main Tour online event in the US reinforces our partnership.”
WPT puts New Jersey in online poker spotlight with even bigger event
At a time when online poker is surging around the world, poker online in the US is also seeing considerable growth. The new WPT/partypoker event only adds to that and should be a popular event in the Garden State.
The tour ran its first New Jersey event in June. The first Online Poker Open featured a $400 buy-in with NJ grinder David Coleman taking the title for $56,586. The event attracted 868 entries for a $317,540 prize pool.
WPT and partypoker followed that up with the Online Borgata in September. The series featured a $1,060 Main Event, which brought 440 entries and a $432,700 prize pool.
Champions Club member Tony Sinishtajtook down the event, scoring $77,350. The win came after his mother dreamed he’d have a big score at the tables.
The tour is now upping the ante with a full-scale WPT Main Tour event. Stefanelli is excited to see a Main Tour event heading to the NJ platform and the prestige that goes with it. Along with joining the Champions Club, that includes:
- a $15,000 seat into the WPT Tournament of Champions (presented by Baccarat Crystal)
- his or her name added to the Mike Sexton WPT Champions Cup
- points toward the Hublot Player of the Year race
- a Hublot Big Bang E Titanium watch
“WPT Online and the partypoker US Network are pushing online poker in New Jersey and the United States to another peak with the WPT Online Poker Open Main Tour event,” WPT Vice President of Global Tour Management Angelica Hael said in a news release. “Following back-to-back record-setting events, this $1 million guarantee will push our partnership to new heights.”
New Jersey adds to the expanding WPT/partypoker partnership
Party Poker Online
The WPT and partypoker are no strangers to co-hosting major events. Even before the Coronavirus pandemic, the companies partnered on several live tournament series around the world.
Those efforts shifted online during the pandemic and they also recently announced even more partypoker events in 2021. The New Jersey Main Tour event now adds another interesting move online.
Numerous satellites are planned for the Online Poker Open. Those qualifiers start at just $5 and players can expect plenty of promotion as in a live WPT event.
The final table will be live-streamed on Dec. 29. Players can expect more side events in the series, but a full schedule hasn’t been released yet.
The new event comes as New Jersey has placed new restrictions on residents because of COVID-19. After the state’s online poker revenue flatlined a bit in October, this tournament should help December revenue numbers. The NJ online poker market still remains at huge highs compared to 2019.
“partypoker US Network welcomes the Mike Sexton WPT Champions Cup back to New Jersey for the WPT Online Poker Open,” Stefanelli said.
“This event promises the opportunity for players of all bankrolls to compete for the most coveted prize in poker. Come December, we look forward to welcoming players from across the US to New Jersey for a chance to compete for their share of the $1 million guarantee.”
Playing on partypoker US Network in NJ
Those looking to take a shot at a WPT online title will have to be located within NJ. The state remains one of only a few legalized online poker states, along with Pennsylvania, Nevada, and Delaware.
With so much on the line, many players may be looking to head to the Garden State. Those traveling for the Online Poker Open can create an account and deposit from anywhere in the US.
Along with partypoker NJ, the network also includes the BorgataPoker.com and BetMGM skins. Players can compete on any of these. The latest WPT event should make for a nice way to close out the year for Garden State grinders.
“The WPT Online Poker Open brings the most prestigious prize in poker to New Jersey and the partypoker US Network,” WPT CEO Adam Pliska said. “WPT’s continued pivot toward online will continue with another landmark for regulated online poker in the United States.”
Party Poker Network Skins Games
★★★ Those looking to play the WPT Online Poker Open should check out the USPoker reviews of partypoker US Network, BorgataPoker.com, and BetMGM. You’ll find plenty of information and exclusive bonus offers. ★★★