Everest Poker To Sue Harrah’s Entertainment
05 April 2010
On April 1, Ultra Internet Media S.A. (UIM) filed a lawsuit against Harrah’s Entertainment Inc, in Las Vegas federal court. Harrah’s is the owner of the World Series of Poker (WSOP).
The suit claims that UIM subsidiary Everest Poker and WSOP entered into a three year deal in 2008 making Everest Poker the on-felt sponsor for the WSOP tournament. UIM claims in the suit that the WSOP breached that contract. It further states that Everest Poker will be withdrawing its sponsorship for the 2010 WSOP tournament. The deal called for Everest Poker to be the exclusive on-felt sponsor at every table and to have their logo displayed on the inner track of the final and feature tables.
The suit contends that the contract was breached when ESPN French affiliate RTL9 featured the logo of Full Tilt Poker instead of Everest Poker’s on the tables. Full Tilt Poker is a major competitor of Everest Poker.
The suit further states that the two sides met in 2009 to talk over the dispute. They then agreed that RTL9 would be required to stop using the Full Tilt Poker logos on their broadcasts of WSOP events. UIM contends in the suit that as late as Feb. 2010, RTL9 was still using Full Tilt Poker logos in their broadcasts. The lawsuit states: “Every material breach of the agreement represents lost potential future profits, erosion of goodwill and compromise of UIM’s international business reputation,” says the lawsuit”.
The suit is asking the court to ruled that the contract has been breached by Harrah’s. that ruling would allow UIM to not pay WSOP their $8 million for the third year of their contract. With only two months before the WSOP starts, Harrah’s won’t have much time to find new sponsors.
22 March 2010German Police Arrest Fifth Man in Poker Tournament Robbery
Police in Berlin, Germany have announced the arrest of a fifth man involved in the March 6 poker tournament robbery that netted the robbers $327,300 in tournament jackpot money. Suspicions are that the man arrested is the mastermind behind the robbery. The man arrested Sunday night is a 28 year old Lebanese citizen. Authorities believe he drove the getaway car. Four men, armed with revolvers and machetes, raided the poker tournament and made off with the jackpot money.Read full article
24 March 2010An Interview With AGA’s Frank Fahrenkopf
Frank Fahrenkopf is an very interesting man with experience in both the political and the business worlds. After serving as the Chairman of the republican National Committee during the Reagan Administration, he accepted the job as Chief Executive of American Gaming Association in 1995. American Gaming Association was a newly formed group and he agreed to accept the job for one year in order to help the organization get off the ground.Read full article
02 October 2010PokerStars folds its cards in Washington State
As we noted in last week’s Gambling News blog, the state of Washington upheld that it’s ban on Internet gambling is not unconstitutional. Now, just a few days later, PokerStars announced that it will no longer be accepting real money players from the Evergreen State, stating on its PokerStars News blog, “We regret this decision, which will no doubt disappoint our customers in Washington State.Read full article