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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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.
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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”.
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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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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.
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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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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.
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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.
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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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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.
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$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.
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Phil Ivey Boycotts WSOP Over Non-Payments
The World Series of Poker will have 58 events starting today and going through till mid-July. Fortunes will be made and legends will be born but one poker player, considered by many to be the best in the world, will not be attending. Phil Ivey is boycotting this year’s WSOP and has filed suit against Tiltware. Tiltware is the software and marketing company behind Full Tilt Poker.
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Full Tilt Poker No Closer to Allowing Withdrawals
New about U.S. refunds has been slow in coming from Full Tilt Poker after FBI indictments shut down there site on April 15th. Even after a an agreement was made with U.S. prosecutors to release the Full Tilt domain for the purpose of allowing U.S. online poker players to withdraw their money, nothing has been coming and very little has been said from Full Tilt. With growing concerns from players and word coming that PokerStars has refunded more than $100 million to U.S.
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QuickTender Payment Processor Discontinues Service
Just a few days ago Quicktender issued a statement which in it they said: “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.” Today when you go to Quicktender.com you get a one sentence web site: “With regret, the Quicktender service has been discontinued.
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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.
