Harrah's confirms hiring of Mitch Garber, for Harrah's Interactive Entertainment
26 May 2009
It’s becoming more and more apparent that Harrah’s is poising themselves to enter the online gambling market by confirming the rumors made in April about the hiring of Mitch Garber, the ex-CEO of PartyGaming; who resigned from that post last year.
Garber will be in charge of Harrah’s newly-formed subsidiary company, HIE (Harrah’s Interactive Entertainment,) which will work to expand their World Series of Poker and other online gambling ventures. It’s believed that they will seek to enter the European online gaming market in the near future, and once the UIGEA (Unlawful Internet Gambling Act) is overturned, I see them entering the USA market, as well.Interestingly enough, Harrah’s spent $405,087 during the first quarter of this year in supporting Barney Frank’s bill to regulate and license online casinos and poker rooms, and even hired a lobbyist to help with their efforts.
The 2009 WSOP is set to kick off today, and is the 40th anniversary of this great event! On May 28th, they are holding a special 40th anniversary tournament, which has a buy-in of $40,000. For complete schedule information and to find out which events will be televised, head on over to the official site of the World Series of Poker.
I’ll be keeping my eyes peeled on this and other news regarding online gambling returning to the USA, and keep everyone updated.
14 May 2010Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
02 June 2010France to Award 30 Licenses for Online Gambling
Today the government of France approved a new online gambling bill. The bill passed the French parliament by a narrow 299-233 vote. The French will grant only 30 licenses to operate online casinos and poker rooms within its borders. Though it is now official and France says that licenses will be granted in time for the 2010 World Cup, not everyone is excited about the French market.Read full article
09 June 2010France Issues 11 Licenses For Online Gambling
France acknowledged that 11 companies have been granted license and have been registered to conduct online sports and horse race betting as well as online poker within France. According to Arjel president Jean-Francois Vilotte, the regulator of gaming in France, “There were 35 requests for licenses and we have retained 17 at this stage. None have been formally rejected.Read full article