| |
New Online Poker Room with an Indian Twist Published: 2005-10-20
TeenPatti.com, an online poker site oriented for an Indian audience, has signed a contract with LoboGaming Corporation for use of its software. The new site will be aimed specifically at attracting Indian gamblers and is the first site to licence LoboGaming’s software.
The agreement is worth over $1,000,000, with LoboGaming also gaining a share of TeenPatti.com’s profits. The site is unique in its Indian orientation and as such is likely to capture the huge market India promises. LoboGaming, part of the Taj Systems Inc parent company, has taken a keen interest in the emerging sub-continental economy.
“The key for Taj and LoboGaming is target marketing versus mass marketing,” said Jay Patel, Taj Systems’ CEO. “In what is one of the most lucrative and fastest growing industries in the world, positioning oneself as a market leader within a specific demographic is paramount. We believe this will be the most successful strategy to create maximum penetration towards capturing the largest share of the massive Indian gaming market.”
| |
Bust folds 'em at A-Rod poker spot Published: 2005-10-16
By CHRISTIAN RED and ROBERT F. MOORE
DAILY NEWS STAFF WRITERS
Cops have raided a high-stakes Manhattan poker club that has drawn the likes of Yankees superstar Alex Rodriguez and professional card shark Phil Hellmuth, police said yesterday.
The Daily News was the first to report that A-Rod and Hellmuth, the youngest player to win the World Series of Poker, attended the Broadway Club in Chelsea the night of Sept. 21. Police said neither of the big names is under criminal investigation.
"It's not illegal to play," a police source said yesterday. "It's illegal for the house to profit."
Vice cops executed a search warrant late Friday at the club, which is on the sixth floor of 151 W. 25th St. The warrant was in response to a recent complaint alleging a gun was pulled on someone there, a police source said.
Just before midnight, cops arrested 13 dealers and other workers and seized about $56,000 in cash. The suspects were charged with counts including promotion of gambling, possession of a controlled substance and possession of gambling paraphernalia.
More than 20 players spread among the tables were briefly detained and questioned, but not arrested. A law enforcement source said the game late Friday was a qualifying round for a tournament organizers had hoped would continue yesterday.
The two biggest poker clubs in the city - the Players Club and Play Station - were raided in May. The illegal clubs, which have grown in popularity over the last several years, mirror the growth of poker's popularity on cable television and online. They attract everyone from beginners to professionals to celebrities.
| | |