Business & Financial

Poker News: Zynga Shares Up 6.1 Percent on News of ‘Real Money’ Play: Reid i-Poker Insertion Plan

The world’s largest online poker room, Zynga, witnessed a 6.1 percent surge in its share price on Friday following news it was in talks with another party to provide a “real money play” platform.  Zynga, which also produces popular games like Farmville, is currently free to play on Facebook.   

Zynga already claims to have some 30 million monthly users.

Submitted by Patrick Flanigan on, Jan/20/2012

PartyPoker.com, Moneybookers Named in MegaUpload Piracy Indictment

For an industry rattled by US Justice Department domain seizures in recent years, it may not have been too much of a shock seeing PartyPoker.com mentioned as part of the much publicized indictment of video and image hosting website, Megaupload.com.  The site was taken down by US authorities on Thursday with principles in the company charged with conspiracy. 

Submitted by C Costigan on, Jan/20/2012

Poker News: Zynga in Talks to Offer ‘Real Money’ Poker, MSNBC on UB.com Player Plight

Here is a recap of poker news headlines as we head into the Friday afternoon hours January 20, 2012.   Among the headlines, the mainstream press is now taking notice of a lawsuit filed against UB.com while Zynga confirmed it is in conversations with other parties to offer “real money” online poker. 

Cake-Square-010712.jpg

Submitted by Ace King on, Jan/20/2012

Power Struggle at Wynn: Another Ugly Divorce Battle

Have you all been following the power struggle at Wynn Resorts Inc?

It seems their largest shareholder, Japanese pachinko mogul Kazuo Okada, recently nominated up to four people to the board of the U.S. casino company.  He is currently suing founder Steve Wynn and accuses the Vegas casino titan of blocking access to records related to his investment in the company as well as objecting to an “inappropriate” $135 million company donation to the University of Macau. 

Submitted by Aaron Goldstein on, Jan/19/2012

Ladbrokes Buys Stakes in US-Based Stadium Technology Group

One of the United Kingdom’s largest bookmakers has bought a 65 per cent stake in US-based Stadium Technology Group, which specializes in sports betting technology and is used by a number of Las Vegas sportsbooks. 

“The size of the US market and potential for positive regulatory change in the coming years make it a sensible place to establish a presence,” said Richard Glynn, Ladbrokes’ chief executive. “Stadium Technology is already one of the key software suppliers to casinos in Nevada and Delaware and it has the potential to expand.”

Submitted by Aaron Goldstein on, Jan/19/2012

US Attorney Still Bowing to Full Tilt Poker, Pixie Dust Fairies

We at Gambling911.com simply cannot take it any more and apparently neither can much of the rest of the online poker sector.

After months of reporting that a white knight had come to the rescue of Full Tilt Poker players who have been waiting upwards of nine months to get paid and how that white knight was supposedly going to set the US Feds straight by entering into some type of deal to ensure players get paid as two of its executives remain on the lam, the industry is finally coming to its senses and refraining from publication of such banter. 

Submitted by C Costigan on, Jan/18/2012

Forbes: Online Poker Would be Huge for Zynga

Forbes.com published a report Wednesday afternoon suggesting that legalized online gambling, specifically online poker, would be huge for Zynga.  Its free Texas Hold’em product is the biggest in the world. 

Cake-Square-010712.jpg

Following its Initial Public Offering just a few weeks ago, Zynga’s stock performance has failed to impress. 

Submitted by Aaron Goldstein on, Jan/18/2012

What is Going on at PokerStars? Company Parts Ways with EPT CEO John Duthie

Yet another high ranking executive from the world’s largest real cash online poker firm, PokerStars, has left the company.  This time it’s European Poker Tour CEO John Duthie. 

His successor has already been announced as EPT President Edgar Stuchly.   

Submitted by C Costigan on, Jan/18/2012

PPN Poker Returns After Leaving Players in Limbo for Four Months

There appears to be some good news involving Chuck Kidd’s Poker Pros Network (PPN).  After announcing more than four months ago it would be leaving the Cake Poker Network, PPN stopped accepting players and stopped paying them as well.  PPN Poker claimed it was in the middle of creating its own website/network.   

Submitted by C Costigan on, Jan/17/2012

PokerStars Assembles Panel to Meet With Disgruntled Players: CEO Exit Still a Mystery

You can’ fault PokerStars, the world’s largest real money poker room, for at least trying.  It was for Stars probably the worst two weeks they’ve had from a public relations standpoint since the company’s founder was indicted for money laundering and bank fraud back in April of last year. 

Submitted by Ace King on, Jan/17/2012

Online Poker Traffic Stagnant for Week

Following a huge increase in online poker traffic last week, there was virtually zero growth during mid-January.

PokerScout.com reported a 0.1 percent net decrease. The good news, among the top 10 sites and networks, advancers outnumbered decliners seven to three.

Merge Gaming Network gained 3 percent for the week as its bad beat jackpot rose to more than $1 million.

Microgaming.fr moved up to ninth place ahead of PokerStars.fr.

Submitted by Patrick Flanigan on, Jan/17/2012

LowVig.com Reduced Juice a Bargain for Bettors During 2012 NFL Playoffs

Experienced sports bettors are celebrating the New Year with toasts, returning to the days of ‘reduced juice’ on NFL and NBA betting at high limits at the new sportsbook, LowVig.com.  The online betting site is currently offering low vig for the 2012 NFL Playoffs.  You can view lines here.

Submitted by Guest on, Jan/17/2012

Federal RICO Complaint Filed Against UB.com

Eight high stakes poker players are named as plaintiffs in a federal RICO complaint against UB.com (formerly UltimateBet), claiming the company stole $20 million by exploiting security flaws.  Players were allowed to see others hole cards, the complaint alleges. 

Submitted by Ace King on, Jan/17/2012

Gabi Campos: The PokerStars CEO That Wasn't

PokerStars late Monday confirmed that its CEO for nearly two years, Gabi Campos, has jumped ship following the exodus of a handful of other executives and poker pros who were part of the world’s largest online poker firm. 

Officials from the company issued the following statement to the news media late Monday after reports first surfaced on Pokerati.com:

Submitted by Ace King on, Jan/16/2012

Turmoil at PokerStars as CEO is Out

Gabi Campos is out as CEO of PokerStars.  Campos joined the world’s largest real cash online poker company in 2010.

Submitted by C Costigan on, Jan/16/2012

Victor Chandler Re-brands Itself to Bet Victor

The “Gentleman’s Bookmaker” is trying to get a strong foothold in the exploding online poker market through a re-branding of the Victor Chandler name to “Bet Victor”.

Submitted by Aaron Goldstein on, Jan/16/2012

Betfair Signs Olympics Deal, Casinos in Miami: Who Needs ‘Em? More…

The largest sports betting exchange in the world, Betfair, has signed a deal with the International Olympics Committee.  Has nothing to do with advertising or sponsoring athletes, it’s all about monitoring bets and ensuring a corruption-free Olympics this year in London. 

From Gambling Kingz:

Submitted by Aaron Goldstein on, Jan/16/2012

Merge Bad Beat Jackpot Hits at Over $1 Million

Gambling911.com has been paying very close attention to the Merge Bad Beat Jackpot as we have a few sponsor online poker rooms that utilize the network.  It finally it on Sunday. 

The Merge Bad Beat Jackpot has once again gone off.  It had been building for a while and we had finally cracked the $1 million mark again before it was hit.  Here is the hand ID for reference - #47082389-318

Submitted by Guest on, Jan/16/2012

Merge Poker Moves to the Number 8 Position in Terms of Worldwide Traffic

Merge Poker had been sitting at number 10 in terms of overall worldwide traffic pretty shortly after re-entering the North American market this past fall.  Since that time, Merge has been creeping up towards the top 5, landing in the number 8 spot this week. 

Submitted by Patrick Flanigan on, Jan/14/2012

Double Down Interactive (DDI) Acquired by Video Poker Giant International Game Technology for $500M

An acquisition of Seattle-based Double Down Interactive (DDI) by video poker giant International Game Technology was announced after the markets closed on Thursday.  The deal was for $500 million.

From All Things D:

The deal includes $250 million in cash, $85 million in retention payments over the next two years and up to $165 million in cash payable over the next three years subject to Double Down meeting certain targets.

Submitted by Patrick Flanigan on, Jan/12/2012

Yatahay Becomes the Winning Poker Network

It’s about time!  To this day we at Gambling911.com have trouble remembering the Yatahay Poker Network, but we can certainly remember the Winning Poker Network. 

And that’s the name change folks.

Submitted by Ace King on, Jan/12/2012

Ohio Open to Internet Poker: Nevada Permitted Private Testing of Poker Sites

Ohio has become the latest state exploring its options to allow residents of the Buckeye State the opportunity to play “real money” Internet poker.

Submitted by Ace King on, Jan/12/2012

Epic Poker in Acquisition Talks With Pinnacle Entertainment

The fledgling Epic Poker League is reportedly in talks with Pinnacle Entertainment regarding a potential purchase of the league, sources close to WickedChopsPoker.com reported on Wednesday.  The deal could occur within the next 60 days.

A previously scheduled event has been pushed back to a yet-to-be-determined April/May date.  While the league claims this move was a result of player feedback, others have speculated Epic may be undergoing financial difficulties. 

Submitted by Ace King on, Jan/11/2012

Americas Cardroom Logs Record Number of Players to Kick Off 2012

Popular US-friendly online poker site Americas Cardroom logged record numbers at the start of 2012, and management is crediting the doubling of all guarantees for the surge in traffic.

Submitted by Guest on, Jan/11/2012

Sununu Takes Aim at Sheldon Adelson: “Not So Bright” (Video)

If ever there was a time when US citizens could cry foul over big businesses and campaign donations influencing politicians, that time might be now.

Submitted by Gilbert Horowitz on, Jan/11/2012

Daniel Negreanu Vows No Drinking, No Sex Before a Tournament: Bad Beat Nears a Million

It’s been a while since we here at Gambling911.com have covered one of our personal favorites in the poker world, Daniel Negreanu.  For a while he was among the most trafficked figures here at G911.  Alas, Negreanu has revealed a few goals for 2012 that include, of course, winning at least one more bracelet.

Submitted by Ace King on, Jan/11/2012

World Sports Exchange Slow Paying 123 Players $738,852 to Date

World Sports Exchange (WSEX.com) is like Somalia, a failed state….but they still exist.  SportsBookReview.com is reporting that it has documented 123 players currently waiting on payments that total $738,852.  Many players have been waiting over a year for payouts, though it should be noted a few are trickling in.

Submitted by C Costigan on, Jan/10/2012

MGM Resorts International Granted Injunction Against Cybersquatters

A federal judge has sided with MGM Resorts International in its complaint against a group of so-called cybersquatters looking to capitalize on the companies name. 

The court ordered GoDaddy.com Incorporated, Wild West Domains Incorporated and Melbourne IT Incorporated to place the following domains on hold: bellagioonlinepoker.com, circuscircuspoker.com, excaliburpoker.com, luxorpoker.com, mandalaybayonlinepoker.com, mgmpoker.com and ariapoker.com.

Submitted by Aaron Goldstein on, Jan/10/2012

Online Poker Surges With Nearly 10 Percent Increase in Traffic This Week

The poker sector received more great news this week after it was revealed Tuesday morning that traffic for all the world’s networks had jumped an amazing 9.8 percent.

Submitted by Ace King on, Jan/10/2012

Bail Decision for Bianca Rojas-Latraverse and Accomplices Will Come Tuesday

A Quebec Court judge is weighing a decision to release Bianca Rojas-Latraverse and two other accomplices out on bail after she was charged with orchestrating the forced entry and robbery of her former boyfriend’s home, 2012 World Series of Poker Main Event champion Jonathan Duhamel. 

Cake-Square-010712.jpg

Submitted by Gilbert Horowitz on, Jan/09/2012

Breaking News

Billy The Kid Casino Upgrades Include 100 New Slot Machines

Did You Know That The Billy The Kid Casino Upgraded To Include 100 New Slot Machines?  New Mexico’s Ruidoso Downs horse racing facility and its Billy The Kid Casino are raising the stakes for real money gambling with some major improvements across the board.

Wyoming Residents Remain Locked Out of Coinbase Accounts

Wyoming Residents Remain Locked Out of Coinbase Accounts

Cryptocurrency in the state of Wyoming continues to remain in an utter state of confusion according to a recent report on ArmyOfBitcoin.com. State residents have not been able to access their cryptocurrency accounts for over two years since Coinbase decided to suspend operations in the Cowboy State.

Sports Handicapping World Loses a Good Man in Dave Malinsky

While those of us at Gambling911.com have dealt with some really good guys in the world of sports handicapping, the reality is that the industry overall has endured a rather bad reputation over the past few decades.