Gambling News
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Gambling News
Bradley Franzen, Online Poker Payment Processor, Cuts Deal
Bradley Franzen is the first of the 11 people indicted on April 15th, which those in the online poker industry dub Black Friday, to see U.S. court. Franzen is a resident of Illinois and Costa Rica and he admitted in federal court yesterday, he was a payment processor for PokerStars, Full Tilt and absolute poker. -
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New Indictments Coming Down for Online Poker Sites
It seems the U.S government isn’t done with its legal wrangling with online poker rooms allowing U.S players to play. 10 more domains were seized today including Doylesroom.com and Truepoker.com. Also included were two gambling businesses, three defendants and 11 more bank accounts.
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Quicktender Issues Statement About Withdrawals
The management of Quicktender would like to make the following statement regarding the current situation with UseMyWallet/Quicktender withdrawals:’ “We have operated a reputable & reliable payment mechanism for US customers since 2006. Our reputation is important to us, & until recently there has never been any question that players & merchants would be paid.
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PokerStars Returns $100 Million to U.S. Poker Players
There were 4 online poker sites named in the FBI indictment on April 15th and an agreement was reached on April 20th by two of those sites, Full Tilt Poker and PokerStars to be able to use their domains again to process U.S. poker players request for withdrawal. So far PokerStars is the only site that has publically commented on those withdrawals. Since the very beginning, PokerStars has had this on the FAQ page about U.S. players. Your account balance is completely safe.
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Doyle Brunson Leaves DoylesRoom.com
Collateral damage? Maybe, but it has been announced that Doyle Brunson will be leaving the online poker site that bears his name, DoylesRoom.com. It seems in the wake of the FBI indictments and “Black Friday”; Brunson is leaving the site but has mentioned a possible return when the United States fully legalizes online poker.According to a DoylesRoom representative, “Doyle Brunson was a sponsored pro of DoylesRoom and he has left his endorsement contract.
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Absolute Poker Signs Agreement to Return U.S. Players Funds
Now it seems that Absolute Poker will be paying back U.S. poker players according to prosecutors on New York City. Wednesday the announcement was made that Absolute Poker signed an agreement with the U.S. government to allow withdrawals to U.S. players and to continue operations to all foreign players. According to U.S.
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Costa Rica Agents Raid Absolute Poker Offices and Residents
April 15th 2011, known as “Black Friday” in online poker circles, is when Federal indictments were handed down and the U.S. government shut down Absolute Poker, UB Poker, PokerStars and Full Tilt poker. Since then PokerStars and Full Tilt reached agreement with the U.S. to regain usage of their websites for the sole purpose of letting U.S.
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Absolute Poker and UB Poker Heading Towards Bankruptcy
It seems as though the U.S. indictment of at least one of the three online poker companies will leave poker players the possibility of never getting their money back. This will go for all their players and not just those in the United States. Blanca Gaming of Antigua which is the parent company of Absolute Poker and UB poker (formerly Ultimate Bet) told shareholders in an email that it planned to file for bankruptcy protection in Norway.
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New Dutch Government Wants Online Gambling
The Dutch market is set to be opened up to other parties for online gambling, lotteries, poker, sports betting and bingo by 2015 according to plans outlined by junior justice minister Fred Teeven to the Dutch parliament. According to Teeven, the aim under the new government’s plan is to provide a “responsible, safe and modern gambling policy”. On Saturday the Dutch government echoed a sentiment held by many U.S.
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Iowa Not Given Up On Online Poker
As the dust starts to settle on the FBI indictment that rocked the online poker world, it looks like some states are stepping up the pressure to approve intrastate online poker. Iowa yesterday to a step forward with gambling as a whole within their state border.A House committee approved gambling legislation Wednesday that if approved would change the way gambling runs in there state. The legislation passed the committee by a 20-3 vote and now heads to the house floor.
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Gambling News
Will Absolute Poker Use WTO to Fight U.S.?
If the aftermath of the FBI indictments of the 4 major U.S. facing online poker sites there have been progress made in how the sites will return monies owed to the U.S. poker players who have withdrawals due to them. Full Tilt Poker and PokerStars have already made agreements with the U.S. Government to have their domains returned to process withdrawal claims.Absolute Poker and Ultimate Bet however are looking into taking a harder stance against the U.S.
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Full Tilt Poker and PokerStars Reaches Domain Name Use Agreement
In a press release today the U.S. government stated it has reached a domain name use agreement with Full Tilt poker and PokerStars for the returning of U.S.
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Full Tilt Poker Responds to FBI Indictment
Though most of the poker sites that have been effected by the latest FBI indictment have remained quiet, Full Tilt Poker has released this press release in regards to their CEO being one of the 11 charged: Full Tilt Poker is saddened by today’s charges against its CEO Raymond Bitar and offers its full support to Mr. Bitar and Nelson Burtnick. Online poker is a game of skill enjoyed by tens of millions of people in the United States and across the world.
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U.S. Goverment Seizes Three Major Online Poker Domains
News in just now being broke that the FBI and the New York US Attorney’s office has unsealed an indictment today charging eleven defendants and seizing the domains of three major online poker sites including PokerStars, Full Tilt Poker, and Absolute Poker. According to some poker forums, people see a page that reports that the sites hace been confiscated by the FBI and arrest warrants are in place. Some say they see no such message and the site is working just fine.
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Florida and Hawaii Fail to Pass Online Poker Bill
At least they are trying…maybe that’s is how we should look at all the attempts by state lawmakers to get online gambling legalized within their state borders. At least the attempt is being made and online gambling is being considered, but being considered is about as far as Florida and Hawaii got. In Florida yesterday, the Senate Criminal Justice Committee killed a bill that would regulate online poker within the state when their vote ended in a 2-2 tie. The Sen.
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Online Poker in Washington D.C.
It seems like every month another state takes a run at online gambling regulation. Lately it seems online poker had been the main subject of talks. Washington DC is now looking for a way to legalize online poker within its district borders. The D.C. Council already passed a proposal last December that allows the D.C. Lottery to offer “games of skill and games of chance” online. So now we are looking at Thursday as the next big date for this proposal to take effect.
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Gambling News
Iowa Online Gambling Bill Stalls
It now looks like the Iowa online gambling bill has stalled out before it will even go to a vote.
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Hawaii Looking at Online Poker Tournaments
There is another state now looking at a possible online poker bill, Hawaii. This bill is different than others making the rounds in California, Florida, Iowa and New Jersey, this bill will include Texas Hold ‘em and Omaha varieties of poker only in tournament style. This is not an attempt to open casinos or start a lottery and it gets around the states anti-gambling law by defining poker as a game of skill.
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Russia Raids Online Casino
Russia seems to be taking the hard line with its new anti-online gambling law. The Russian Interior Ministry Police has been cranking down on all gambling but recently raided one of the prolific online gambling operations running within the country. Though no specific name has officially been released, all information coming from the raid seems to point to the Goldfishka Casino powered by Microgaming.
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eCogra Under New Management
For those who may not know, eCogra is a company set up by 3 online gaming software companies to help players who gamble online and to also test software program’s used by online casino to ensure there integrity. Microgaming, 888 and Bwin are the three major owners of the eCogra and have always claimed fairness in their audits and approvals of all online gambling sites.
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Wynn Resorts Backs Nevada Online Poker Bill
Looks like the lines are being drawn in the sand in Las Vegas. Shortly after Michael Gaughan broke ranks with other casino owners and announced his support for the Assembly Bill 258, Nevada’s attempt to legalize online poker, the Wynn has now also stated its support. Assembly Bill 258 is also backed by the online site PokerStars which is the most trafficked online poker site in the world. Now Wynn Resorts Ltd.
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South Point Owner in Favor of Nevada Online Gambling
It doesn’t look like the entire famed Vegas Strip casino owners are against the proposed online poker bill (Bill 258) in Nevada. Proponents of the bill got another endorsement for the bill and this one came from South Point Hotel and Casino owner Michael Gaughan.
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Iowan Governor Weighs in on Online Gambling Bill
As the Iowa bill to legalize online gambling within their state goes from a Senate committee to the floor to be possibly voted on, Governor Terry Branstad was asked Monday what he stance is on the bill.
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U.S. Online Gambling Legislation Introduced
The Internet Gambling Regulation, Consumer Protection, and Enforcement Act was introduced in the House yesterday. This bill is identical to the one that Congress Barney Frank got passed out of the House Financial Services Committee last summer but never got to the House for debate with one difference.
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Big Opposition to Nevada Online Gambling Bill
As expected, some pretty big opposition has stepped forward to try and defeat the Nevada online gambling bill that is now trying to make its way through the Nevada Congress. Some of the biggest and most powerful casino companies have lined up against the bill which now looks to go in the direction of all the other recent attempts, defeated or just loss in debate.MGM Resorts International and Caesars Entertainment Corp. have come out against the proposal.
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TwinSpires Spurs Growth of Churchill Down
Churchill Downs, the race track and gambling company based in Louisville released its fourth quarter results today and showed that it is shifting away from horseracing and there online gambling site Is leading the way.Though results for the quarter were a net loss but it was sufficiently smaller than the same quarter year to date. Net earnings were down for the year by 3% and earnings from racing operations were flat for the year.
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Nevada Trying to Regulate U.S. Online Poker
Now it is Nevada’s turn. BDR 41-657 is the name of the bill that was proposed yesterday in the Nevada State Assembly that would legalize online poker. Majority Whip William Horne (D-Las Vegas) introduced the bill which has the support of former Speaker and current lobbyist for PokerStars, Richard Perkins. The bill does have some of the same qualities of the bills in New Jersey, Florida, California and Iowa but with one glaring omission.
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Caesars Entertainment and 888 Holding Make Deal
The Nevada Gaming Control Board approved a business relationship between Caesar’s Entertainment Corp. and Cassava Enterprises (Gibraltar) Ltd. and Fordart Ltd.,which are subsidiaries of 888 Holding Company LLC. This is only the second time an approval has been given under the state’s foreign gaming statutes.
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Wall Street Journal Asks Should Web Gambling be Legalized?
There has been a poll put up on the Wall Street Journal community board that asks a pretty basic question: Should web gambling be legalized? This is not the first time the WSJ has posed such a question on its boards and the results as of this article are overwhelmingly in favor. This is not a formal poll by any means and as of today just shows 358 total votes but 78.2% of those voting favor legalizing online gambling.
