Gambling News

  • 26 September 2011

    Possible 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.

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  • 22 September 2011

    AGA 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 up

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  • 20 September 2011

    Full 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.

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  • 19 September 2011

    Court 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.

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  • 14 September 2011

    The 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.

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  • 12 September 2011

    Massachusetts 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.

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  • 06 September 2011

    Spain 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.

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  • 30 August 2011

    Legal 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.

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  • 23 August 2011

    No Online Gambling this Year in California

    According to Senate President Pro Tem Darrell Steinberg, online gambling in California is dead until 2012. This comes as a major disappointment to two Southern California tribes who have spent the better part of this year lobbying for the proposals that where on the table there. This news come on the way of a letter sent from Steinberg to representatives of tribes, card rooms, horse tracks, online poker groups and others who have showed interest.

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  • 18 August 2011

    Is This the Year Congress Regulates Online Gambling?

    More rumors? More hope? Possibly, but it seems there is a chance that a bill that seeks to legalize online gambling in the United States could be headed to Congress by year end. It seems the momentum is building towards federal legislation with online poker leading the way.According to Roger Gross who is the publisher for Global Gaming Business magazine, the only issue will be how it is structured.

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  • 09 August 2011

    Full Tilt Pays Overdue Licensing Fees

    The Alderney Gambling Control Commission (AGCC) announced that Full Tilt Poker has paid overdue licensing fees thus allowing talks to end its suspended license to move forward. Martin Heslop, Full Tilt Poker’s lawyer, justified not paying the fees by saying that the poker room never thought it would have its operating license reinstated by Aldernay. The AGCC claims Full Tilt Poker’s license is still valid, just suspended. Another hearing is scheduled for no later than Sept. 15th.

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  • 04 August 2011

    Kahnawake Renews Full Tilt Poker License

    Since Black Friday on April 15th, Full Tilt poker has been on a downward fall that few thought that could pull up from. No money forthcoming to players in withdrawals, Alderney and French licenses suspended and an on again off again rumor of a buyout.Even though Full Tilt still has to resolve the above issues, the Kahnawake Gaming Commission (KGC), regulatory authority for the Canadian-based Mohawk territory renewed its Secondary Client Provider Authorization (CPA) for its Kolyma Company.

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  • 01 August 2011

    FairPlayUSA - New Coalition for U.S. Online Poker Players

    There is a new grassroots coalition formed who’s purpose is to try and persuade the U.S. Government to regulate online poker. In doing so FairPlayUSA has gotten some well know advisors to help with the cause. Advisors including U.S. lawyer and child advocate Parry Aftab, former Homeland Security and ex-Pennsylvania Gov. Tom Ridge, and WSOP bracelet winner, Greg Raymer.

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  • 28 July 2011

    Bodog Leaving U.S. Online Gambling Market

    In a statement earlier this week, the Bodog Brand announced that as of December 2011, when their licensing agreement with Morris Mohawk Gaming to expires, they will no longer offer their services to the U.S. online gambling market. In their statement they mentioned that as the brand grows into new markets they didn’t want to be affected by “negative perceptions”.  A reference perhaps to the online poker rooms that are being labeled by the U.S.

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  • 27 July 2011

    888 Gets Italian License and Launches 888.it

    888.it was announced today by 888 Holding group after it was awarded an operator’s license in Italy.This will be the first online casino in Italy to offer live casino tables that allow players to interact with professional dealers using a live stream. This live casino experience will be included in games such as baccarat, roulette and blackjack.According to Pier Francesco Geraci, CEO of 888.

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  • 25 July 2011

    Senator Lesniak Response to Reid/Kyle Letter

    One good letter deserves another it seems and though it at least keeps online gambling in the forefront in Washington it seems the war between state and federal politicians about the topic is heating up. New Jersey Senator Ray Lesniak sent his own letter to Attorney General Holder last week disputing some of the facts from the Senator Reid and Kyle letter that was sent earlier last week.

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  • 18 July 2011

    Senator's Reid and Kyl Send Open Letter to AG

    U.S. Senator Harry Reid was one part of a strongly worded letter sent to Attorney General Eric Holder asking the Department of Justice (DoJ) to clear up its position on online gambling. That really would come as no surprise if it wasn’t for the co-author of the letter, U.S. Senator Jon Kyl. To many online players Senator Kyl is the ultimate villain as he orchestrated the last minute addition and of the UIGEA to the Port Security bill.

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  • 15 July 2011

    Bodog Gets First License Under New U.K. Requirements

    The U.K. government announced yesterday that overseas bookmakers offering online gaming in the UK will need a license from the Gambling Commission, currently licenses obtained in certain jurisdictions were treated as if they were licensed in Britain. According to John Penrose, the minister responsible for gambling policy, the regulations would be based on the “point of consumption rather than production”. There is also hint of a tax being involved in the new legislation.

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  • 13 July 2011

    American Gaming Association (AGA) to Propose Online Poker Bill

    The American Gaming Association (AGA) publically showed a cool response to Rep. Joe Barton (R-TX) federal online poker bill last week. In an address last week AGA chief Frank Fahrenkopf said his group was “not opposing [Barton’s bill], but we are not supporting it.” He said the AGA would throw its entire wait into a mystery bill.Fahrenkopf then said this mystery bill would differ from Barton’s proposal mainly in the way states are involved.

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  • 11 July 2011

    U.K. Online Gambling Reforms Coming

    The dominoes are still falling after the 51 page indictment by the U.S. Department of Justice and now the British government is taking notice. It is Full Tilt Poker again at the center as they have left hundreds of British poker players, just like other online poker players who played there, left without being able to get a hold of their funds. This has prompted Culture secretary Jeremy Hunt to make a major overhaul to the UK online gambling licensing rules.

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  • 07 July 2011

    Betfair Complains to EU About Germany's Gambling Treaty

    A draft over Germany’s gambling rules, which is still being considered by German authorities has Betfair Group Plc, a British online gambling site, already calling foul. According to Betfair, the draft will force it to pay over 16% on all stakes and it will also restrict licenses for private betting companies to seven. According to Betfair these new rules would be “discriminatory and protectionist.” Betfair complained to the European Union this week over this draft proposal.

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  • 05 July 2011

    ARJEL Suspends Full Tilt Poker License in France

    It has seem to go from bad to worse for Full Tilt poker since the April 15th indictments from the U.S. government. Their U.S. business cut off, do repayments to U.S. players, European license revoked and now it seems Full Tilt Poker in France no longer has a license either.The French site is run by a company named Rekop Limited.

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  • 01 July 2011

    European Investors to Buy Full Tilt Poker

    About 2 months ago Full Tilt Poker was dealing cards as one the top three internet poker sites. How quickly things can turn. April 15th brought down FBI indictments and a loss of their domain along with Pokerstars, Absolute Poker and Ultimate Bet. Shortly after they reached a deal with prosecutors to get their domain back only to process withdrawals along with Pokerstars, since then Pokerstars has paid back over $120 million to players and the other sites…zero.

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  • 29 June 2011

    Full Tilt Poker European License Suspended

    In a major online poker development today, Alderney Gambling Control Commission has suspended the operations license of Full Tilt Poker. This requires the online poker room to suspend operations immediately and currently the servers are down. Full Tilt Poker was one of the largest online poker rooms in operation up until the U.S. crackdown on April 15th.

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  • 27 June 2011

    Rep. Joe Barton Proposes State's Control Online Poker

    On Friday Rep. Joe Barton, R-Texas, introduced online poker legislation that would allow individual states to choose whether online poker should be allowed or not within their borders. Barton who claims to have bipartisan support, would require poker websites to obtain a license in at least one state and the U.S. Department of Commerce to be able to operate legally.

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  • 23 June 2011

    COPA Signs Deal with Playtech

    There are currently two bills that have been proposed to California lawmakers in recent months and currently both seem to be stalled. Senator Lou Correa has a bill that would basically authorize intrastate poker on a set number of platforms while Senator Rod Wright has a broader based platform and includes an emergency clause that gives it a high priority to be heard.

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  • 20 June 2011

    The Internet Gambling Regulation and Tax Enforcement Act

    In a letter after our Constitution was established Ben Franklin wrote”… in this world nothing can be said to be certain, except death and taxes.” Well over 200 years later, this still seems to be the standard. The Internet Gambling Regulation and Tax Enforcement Act, H.R. 2230 was introduced Thursday that will require online gambling companies to withhold taxes from net winnings. Which is acceptable except online gambling is still illegal in the United States.

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  • 13 June 2011

    Nevada Passes Online Gambling Bill

    It looks like Nevada is poised and can now start getting ready for online poker. All we need now, as usual, is federal help. Nevada Governor Brian Sandoval signed 36 bills into law Friday and one was AB258 which was designed to make Nevada a front runner of internet gambling.The was only one revision to the bill and that came after Black Friday on April 15th when the U.S. Justice department handed down indictments on the three major online poker sites.

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  • 08 June 2011

    $470,00 of Seized Online Gambling Funds Go to Police Department

    “The cooperation between our department and [ICE HIS] investigation goes far beyond normal law enforcement task forces,” County Police Chief James Teare Sr. of the Anne Arundel County Police Department said. Ice being the U.S. Immigration and Customs Enforcement’s and HIS being the Homeland Security Investigations division. How far beyond “normal law enforcement task forces”? $470,407.62 worth.

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  • 06 June 2011

    Professor I. Nelson Rose Take on Black Friday

    Professor I. Nelson Rose is one of the world’s leading experts on gambling in the United States. J.Todd with the APCW recently interviewed Professor Nelson at the iGaming North American Conference about the FBI indictments handed down on April 15th.

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