Gambling News
Want to know what is going on in the gambling industry? We got the leading edge, delivering inside stories on land based and online casinos. Be in the know with local and international news that are making headlines.
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DOJ May Have Deal in Place For Sale of Full Tilt Poker
According to a Thursday article on CNNMoney, a deal was reached between Groupe Bernard Tapie (GBT) and the US Department of Justice. The article claimed that this deal was brokered by the DOJ and cleared the way for GBT to purchase Full Tilt Poker. The article however was taken down quickly after it was put up.An article on CBS news however has also posted an AP story that also claims that a preliminary agreement has been reached with prosecutors. -
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European Parliament Agreed on Online Gambling Resolution
Back in October, the European Parliament’s internal market committee adopted a resolution on online gambling. At the time Clive Hawkswood, Remote Gambling Association chief executive committed that“The most important questions are whether these recommendations will lead to any concrete action and, if so, when.
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More Online Gambling Meetings Scheduled This Week in Congress
With one online gambling Congressional meeting done, a house panel plans to look deeper into the issue starting this week. The issue at hand is internet gambling and the efforts to legalize online poker.The Subcommittee on Commerce, Manufacturing and Trade has set a hearing Nov. 18th according to officials, there has not been a list of speakers released as of yet.The last subcommittee session last month talked about legalizing, regulating, and taxing online poker.
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Gaming Policy Committee Revived in Nevada
“I hope to sketch a new road map for the journey ahead.” That is what Brian Sandoval, Governor of Nevada said as he announced that he will be reviving the Gaming Policy Committee at the State Bar of Nevada’s Gaming Law Conference. The committee is made up of 11 members and their discussions could eventually lead to the making of policy, decisions, regulations and legislation of the gaming industry in Nevada.
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MGM Resorts Announces Alliance with Bwin.Party Digital Entertainment
With billions on the line, people like Donald Trump and the major casino companies are rushing to get into the right position to take advantage of if and when the United States regulates online gambling. The MGM Resorts announced this week their poker alliance with Bwin.Party Digital Entertainment, the company that owns Party Poker, the second largest online poker service worldwide and the World Poker Tour.
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German Online Gambling Proposal Criticized
The rules for online gambling in Germany are changing and though it seems that Germany is relaxing its grip a little, it is not far enough according to the Remote Gambling Association (RGA) and some of Europe’s largest online gambling operators. Currently 15 of the 16 German States have a adopted a policy that will follow the French model that taxes all bets at 5%, far lower than the originally planned 16.67%.
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Internet Gambling: Is there a fair bet?
Internet Gambling: Is there a fair bet? – That was the name of the hearing today by the House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trades. Hopefully this was another step towards regulating and legalizing online gambling in the United States. Some like Poker Players Alliance chairman and former Sen. Alfonso D’Amato (R-N.Y.) say it is inevitable. “The status quo is badly broken and benefits no one,” D’Amato said.
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Donald Trump Looking for Legal Online Gambling in U.S.
What is the worst thing that anyone could do to Donald Trump…take money out his pockets and according to him that is exactly what is happening. It seems Mr. Trump, founder of a casino company in Atlantic City, says it’s time for the United Stated to take steps to approve online gambling.
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SubCommittee to Look at Online Gambling in U.S.
For U.S. online gamblers, it looks like the time is coming to make their case before Congress. Tuesday the House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade has scheduled a hearing on U.S. online gambling. The panel will most likely be discussing the legislation introduced by Reps. Joe Barton, R-Texas, and Barney Frank, D-Mass but not specifically on online poker. Rep.
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IPhone Betting App Approved
A company executive for American Wagering Inc. said last week that their application for allowing sports wagering from IPhones has been approved by the Nevada Gaming Control Board. This would make American Wagering d.b.a. Leroy’s Horse and Sports Place Inc. the first gaming company in the U.S.
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Free U.S. Poker at Calshark.com
California is not being left behind Las Vegas in launching their free online poker sites. The groups that want make online gambling in legal in California hope that this will show lawmakers how popular this idea will be.Like other states, California’s bid to become the first state to allow online gambling within its borders stalled this year.
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Aristocrat Announces Launch of Online Gaming Solution
It looks like Aristocrat will be the muscle behind some U.S. casinos who are starting to launch free online casinos in the United States.
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American Gaming Association Calls for New Regulations
In an industry conference in Las Vegas, Chief Executive Frank Fahrenkopf of the American Gaming Association said he would like Congress to table all the current proposals in front of them and pass an all new regulation that would allow states to decide whether to all online gambling.There is an estimated $6 billion at stake and according to Fahrenkopf, “We’re perhaps closer to federal legislation than we’ve ever been.
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Bernard Tapie to Buy Full Tilt Poker
It seems that losing their license has not ruined the investor Groupe Bernard Tapie from agreeing to buy the struggling Full Tilt Poker. The French investor as also agreed to pay back the over $300 million owed to players there. There are conditions however and one is that the company resolves its problem with the DOJ. Bernard Tapie is a former government minister, sports tycoon and actor and the Groupe is an investment firm that once owned Adidas in the 90’s.
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Paddy Power Looking for Nevada License
If everything goes as planned in Nevada, there is an online gambling company based in Ireland that is trying to be the first European gaming operator licensed in the state. Paddy Power is looking to get approval from the Nevada gaming regulators for a license as a manufacturer and operator of mobile gaming devices.
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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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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 t...
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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.
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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.
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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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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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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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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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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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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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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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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.
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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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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.
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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.
