Gambling News

  • 15 May 2013

    Ultimate Poker Hits First Hurdle

    Nevada gaming regulators are determining the relationship between Ultimate Poker and an unlicensed service provider. Ultimate Poker, owned largely by Station Casinos, is the first legal online poker room in the United States currently available only to Nevada-based players.

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  • 07 May 2013

    PokerStars Reveals Atlantic Club Purchase Price with Restraining Order

    The drama continues between PokerStars and Atlantic Club Casino Hotel and, as more details of the sale have been revealed, the rest of the world. It’s your standard online poker giant falls in love with land-based casino, online poker giant offers to wed casino, casino calls off the engagement, poker giant pursues court to prevent casino from marrying anyone else kind of story. Only this story has a few more players, a few more plot twists, and a surprising lack of initial investment.

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  • 03 May 2013

    PokerStars Says Atlantic Club Deal Not Over

    The Rational Group, parent company of PokerStars online poker, stated its intention to salvage the deal with the Atlantic Club Casino Hotel, even as the Atlantic Club announced on Wednesday that it is calling off the sale. Said company spokesperson Eric Hollrseiser in a statement, “The Rational Group is remains entirely committed to resolving this situation and to our investment in New Jersey.

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  • 30 April 2013

    US-based Ultimate Poker Launches in Nevada

    UltimatePoker.com went live this morning at 9am Nevada time, after given the thumbs up from the state’s gaming authorities. While the launch is sending waves of reaction throughout the United States, its online poker games can only be played on computers and mobile devices located within the Nevada borders.“The technology was acquired and initially developed by a U.S.-based company with a completely clean regulatory profile,” said Tobin Prior, CEO of Ultimate Gaming in a Review Journal article.

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  • 25 April 2013

    Foxwoods Casino Owner Sinks Teeth into Online Gambling

    Foxwoods Resort Casino has announced plans to partner with the GameAccount Network to prepare for online gaming opportunities in the United States. Foxwoods, which is owned by the Mashantucket Pequot Tribe, is making the move for several reasons.

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  • 24 April 2013

    Formula One Bids on Betfair; Betfair Rejects

    Betfair, an popular online gambling company, has just rejected a $1.4 billion takeover offer from CVC Capital Partners, the largest shareholder in Formula One motor racing. The reason? The offer consisted of too little money and too many strings attached. Analysts do not see the attempted takeover as a “knock-out bid”; rather than turn Betfair off to a possible buy-out, it may make them consider other options. It may also attract the attention of other, weightier buyers.

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  • 24 April 2013

    New York Senator Leads Charge Against Illegal Online Gambling

    New York State Senator Tim Kennedy believes the legalized online gambling in surrounding states could lead to increased levels of “illegal and predatory activities”, and he’s asked the New York State Gaming Commission, the NYSGC, to do something about it. “There are some websites that have lured customers into using their online casino platform,” stated Kennedy in a press release on his website.

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  • 22 April 2013

    Says NJ Treasurer: Online Gambling Could Net $1.2 Billion In First Year

    According to New Jersey Treasurer Andrew Sidamon-Eristoff, New Jersey’s Internet gambling revenues could reach $1.2 billion and bring in $180 million in tax revenues during its first full fiscal year (July 1, 2013-Jun 30, 2014).Some consider this estimate to be a bit optimistic, even if the numbers provided by a Wells Fargo senior analyst are strong. NJ lawmakers are as skeptical as they are hopeful that these reports are accurate.

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  • 20 April 2013

    Probability Hopeful For US Market

    As more and more states re-evaluate their stances on online gambling, international mobile gaming companies like Probability PLC are poised and ready for the US online gambling market. Probability PLC, for one, is in “advanced talks” with potential US partners to break into the American online gambling market, according to a Reuters article.

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  • 19 April 2013

    Station Casinos Poised to Offer Online Poker

    The Nevada Gaming Commission gave Station Casinos the thumbs up on Thursday to develop its online poker software for a Nevada launch.The gaming commission compared Station Casinos with other major licensed casinos, noting that the others were employing software created by other companies. Station Casinos, on the other hand, will be building its own, using the tools of Ultimate Gaming, a company it acquired as part of its rebuilding process.and operate its own Internet poker system in Nevada.

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