26 September 2011Possible Buyers For Full Tilt Poker
Jeff Ifrah, a lawyer for Full Tilt stated today that “The future is a question of whether we can still find an interested investor.” Ifrah also announced that the company is in talks with a yet unnamed French investor and another possible buyer.Full Tilt it could be argued has been the hardest hit since the DOJ released indictments on three online poker companies in April.Read full article
22 September 2011AGA Releases An Online Gambling Code of Conduct
The American Gaming Association (AGA) president Frank Fahrenkopf has two simple questions:”…‘How much and for how long?’ How much money that we don’t know about is being swindled from US consumers and how long will it take before we change laws to protect those consumers?” This is in response to the DOJ calling Full Tilt Poker a “global Ponzi scheme” after amending the civil lawsuit showing that more than 20 owners and shareholders were paid upRead full article
20 September 2011Full Tilt Poker a Global Ponzi Scheme According to Prosecutors
More bad news regarding Full Tilt Poker was released today in the form of an amendment to the civil law suit filed against the company. The amendment claims more than 20 owners and shareholders were paid up to $443 million.Read full article
19 September 2011Court of Justice Sides with Austria
The European Union’s highest court ruled that Austria could ban foreign gaming firms from operating within its borders. This was a hard hit by online gambling companies trying to release the stronghold of national gambling monopolies. A few online gambling companies have brought this up legally by bringing some of the EU member countries to court. With revenue of €80bn last year, there is much money at stake and so far they have had little success in court against EU members.Read full article
14 September 2011The Parliament of Schleswig-Holstein Passed Egaming Legislation
In late August, opposition parties in Schleswig-Holstein requested that its ruling on a new State gambling treaty be delayed. At the time head of fiscal policy for the Green Party, Monika Heinold stated, “The aim must be a joint state contract.” Two days ago, Schleswig-Holstein, delayed its vote again at the last minute. Today the Parliament of Schleswig-Holstein took the first step by approving Germany’s first egaming legislation by a slim vote of 46-45.Read full article
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12 September 2011Massachusetts to Look at Online Poker
Massachusetts has a bill in the legislature that is targeted to expand its land based gambling projects. Republican State Representative Dan Winslow filled an amendment on Friday however that would allow for online gambling in the form of online poker.According to Winslow, his amendment fits into the already proposed gambling bills and would provide an increase in state revenue, create multiple job opportunities and would give the public what it has been asking for, online gambling.Read full article
06 September 2011Spain Has New Online Gambling Law
Bad economic times are not just constrained to the United States. European country’s are also facing tough times and looking for ways to boost the bottom line. Some, like states are doing in the U.S. are looking at regulating online gambling as a way to so just that. In a press release Spain announced a new law on online gambling: VALETTA, Malta — (PRESS RELEASE) — Online gambling is growing rapidly in Spain. Therefore, the government is introducing a new law.Read full article
30 August 2011Legal Online Poker in D.C.
Maybe the U.S. Government is on an island of its own. Though they are standing strong against online gambling (so far), the people around them are now getting ready to “Shuffle up and deal!” The District of Columbia is moving forward with its plan to allow online poker within the next week or so.This plan will allow 20 or 30 districts to offer legalized online poker within the city limits. The only areas offering online poker will be in hotels and bars.Read full article
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