Gambling News

Friday Hearing on Internet Poker: Can We Still Control Offshore Gambling Sites?

A November 18, 2011 Subcommittee on Commerce, Manufacturing and Trade hearing discussed the potential pitfalls of legalizing Internet poker in the United States.  Issues raised included under age and problematic gambling along with cheating mechanisms.   Additional coverage of Friday’s hearing, which concluded at 11:09 am EST could be found on the Gambling911.com website. 

But what about the current multi-billion dollar online gambling industry that exists and what’s to stop these operators from continuing to extract business from licensed businesses in the States. 

Submitted by C Costigan on, Nov/18/2011

Joe Barton Testifies Before Subcommittee on Legalized Internet Poker (Live Streaming Video)

Texas Republican Joe Barton has drafted legislation that would legalize Internet poker in the US.  He testified Friday November 18, 2011 before the Subcommittee on Commerce, Manufacturing and Trade.  It was the second hearing on the subject over the past 30 days.

During the testimony, concerns were raised over the vulnerability of Web users who might access an online poker site. 

“My experience (with poker players) is they excel in math.  Not people who would be taken advantage of or need to be protected,” Barton said.

Submitted by C Costigan on, Nov/18/2011

Internet Poker Hearing November 18 Live Video Streaming

Gambling911.com does have the live streaming video for November 18 hearing to discuss the potential for legalized and regulated Internet poker in the United States.

Witnesses spoke before a House Subcommittee.  This is the second hearing held on the subject in just a period of 30 days. 

Concerns over under age gambling and the ability for states to opt out were part of the day’s discussion.

This hearing began at 9 am EST.

Watch the video below….

 

 

 

Submitted by Guest on, Nov/18/2011

DOJ Spokesperson Denies Full Tilt Poker, Groupe Bernard Tapie Deal for $80m

A DOJ spokesperson, Carly Sullivan responded to a CNN report that was quickly pulled off its site regarding a DOJ deal to allow Groupe Bernard Tapie’s acquisition of Full Tilt Poker: “We have no comment and do not confirm or deny a deal.”

Full Tilt Poker itself later issued a statement that an “agreement between Groupe Bernard Tapie and the Department of Justice have been finalized”, however, FTP has released “misleading” statements in the past.

Submitted by C Costigan on, Nov/17/2011

Delaware Could Offer Single-Game NFL Betting….If It Wanted To

Gambling911.com recently revealed how some gamblers in Delaware have found a loophole in the state law governing NFL wagering, which is legal at the state's three racetracks.

The law doesn't allow bets on single NFL games, just parlays of three NFL games or more.

Submitted by Thomas Somach on, Nov/17/2011

Barney Frank Urges Spencer Bachus: Take Up Bill On Insider Trading (Video)

Massachusetts Democrat Congressman Barney Frank on Thursday sent a letter to Alabama Republican Congressman Spencer Bacchus urging him to take up a bill that would prohibit members of Congress and federal workers from trading on non-public information that they’ve obtained through their jobs.

A “60 Minutes” report suggested that Bachus engaged in “insider trading” during the height of the financial crisis.

Submitted by C Costigan on, Nov/17/2011

Strange Bedfellows: Jon Kyl and Harry Reid New Internet Gambling Bill

The New York Post is reporting that Republican Jon Kyl and Democrat Senate Majority Leader Harry Reid are working on a new Internet gambling bill.  The significance of this cannot be overstated.

Submitted by C Costigan on, Nov/17/2011

PPA Chairman Alfonse D’Amato Testimony Before Senate Committee re: Internet Poker

Former Senator Alfonse D’Amato, Chairman of the Poker Players Alliance (PPA), the leading poker grassroots advocacy group with more than one million members nationwide, today testified before the Senate Indian Affairs Committee on the future of online gaming and its potential impact on Indian tribes.

Submitted by Guest on, Nov/17/2011

Oversight Hearing on the Future of Internet Gaming Witness List: Starts 2:15 Nov 17, 2011

The Oversight Hearing on the Future of Internet Gaming:  What’s at Stake for Tribes? Witness list appears below.

This is a critical hearing that will take place in the Senate.  The Indian Tribes are among the most powerful lobbying groups in DC and they absolutely require appeasement if legalized Internet poker is going to happen in the US.

Already in California, we have seen the Tribes accept the inevitable and soften their stand to work more closely with parties seeking regulation.

 

Submitted by C Costigan on, Nov/17/2011

Spencer Bachus: 60 Minutes Segment a Hit Job

Alabama Republican Congressman and strong advocate for online gambling prohibition, Spencer Bachus, denied he engaged in any form of “insider trading”.  He called a “60 Minutes” segment that suggested otherwise “a hit job”.

The segment aired on Sunday.  The reporting was based on a book by conservative author Peter Schweizer called “Throw Them All Out.” Rep. Spencer Bachus (R-AL), the chairman of the House Financial Services Committee, was alleged to have traded stocks after he was told by Treasury officials in September of 2008 of the impending financial meltdown.

Submitted by Aaron Goldstein on, Nov/16/2011

Overnight and Weekend Binary Options Funded By Bitcoin Announced at Digibookie

Wholesale sports and financial bookmaker, Digibookie, announced today that it will be offering overnight binary options on all major financial stocks, commodities, and indices to accounts funded by the hot new digital currency, Bitcoin. Until now, Digibookie has catered exclusively to retail credit bookmakers and binary options brokers across the globe.  The retail investors have embraced the binary options revolution in a big way.

Submitted by Guest on, Nov/16/2011

Muny: November 16 Senate Committee Hearing Excellent for Poker Community

Richard Muny, a Regional Director of the Poker Players Alliance, noted that Thursday’s Senate Committee meeting regarding legalization of Internet poker was a giant step in the process, and perhaps one that came unexpected. 

He noted on the Pokerati.com website

Submitted by C Costigan on, Nov/16/2011

Bachus Back Against The Wall: "I'm not Going to Let People Distort What I Do.”

While much of the attention on an “insider trading” scandal in the Congress has focused on Alabama Republican Spencer Bachus (perhaps rightfully so), this ardent supporter of online gambling prohibition wasn’t exactly alone in his craftiness.

Both Speaker John Boehner and former Speaker Nancy Pelosi also have egg on their respective faces right now following the airing of a “60 Minutes” piece this past Sunday.

From Investment U:  

Submitted by Jagajeet Chiba on, Nov/16/2011

Bodog Online Gambling “Great for Kids” Says Jimmy Kimmel (Video)

Appearing on Jimmy Kimmel’s late night show, Dancing With The Stars contestant Ricki Lake referenced her odds of winning DWTS that were listed on the Bodog.com website.

Kimmel gave her a tongue-lashing for promoting the online gambling website.

Submitted by Jagajeet Chiba on, Nov/16/2011

Two Hearings on Internet Poker Scheduled for This Week

It’s a busy week for the Internet poker sector as two hearings will be held in Washington regarding the legalization and regulation of the activity in the USA.  A previous hearing took place last month.

Thursday November 17 there will be a Senate Committee hearing that will focus exclusively on Indian affairs called “The Future of Internet Gaming, What’s at Stake for Tribes?”

Submitted by C Costigan on, Nov/15/2011

Tax Free Poker: 2011 WSOP Champ Pius Heinz Will Keep Entire $8.7 Million

This year’s World Series of Poker champion Pius Heinz will not have to pay any taxes on his $8.7 million in winnings it was revealed on Tuesday. The German player outlasted 6865 players to win the 2011 WSOP last week.

From DailyFinance.com:

Submitted by Ace King on, Nov/15/2011

Tower Poker Moves to Cake Poker Network: Still Will Not Accept US Customers

Pro-friendly Tower Poker, owned by TowerGaming, has made the move to the Cake Poker Network from Ongame.  While Cake Poker accepts US customers, Tower Poker will not be permitting players from the US.

Tower has a reputation for permitting unlimited reload bonuses and VIP promotions while accommodating more high-end players.  In recent months, Ongame has focused more heavily on a recreational player base. 

Submitted by Ace King on, Nov/15/2011

Online Poker Traffic Crashes Nearly 8 Percent

The world’s online poker traffic fell a staggering 8 percent this week following the conclusion of PokerStars 70 billionth hand promotion.  That site witnessed a remarkable 22 percent rise in overall traffic last week, which helped boost the industry overall to a 12.5 percent rise.

Submitted by Ace King on, Nov/15/2011

Calls for Spencer Bachus Resignation Following 60 Minutes Insider Trading Report (Video)

He is the most outspoken critic of legalized online gambling while remaining mostly silent on more serious issues like Wall Street insider trading.  Now we might know why he has avoided delving into the later subject.

There is a public outcry for the resignation of Alabama Republican Congressman Spencer Bachus following a 60 Minutes report that aired this past Sunday linking him to the receipt of nonpublic information as a means of gaining an edge in the stock market (a la “insider trading”).

Submitted by Alejandro Botticelli on, Nov/15/2011

Gambling911.com’s Jenny Woo to Have a Girl: And Her Name Will be….

Senior International Correspondent for Gambling911.com, Jenny Woo, has revealed the outcome of her ultrasound.  She’s having a baby girl!

Gambling911.com had presented readers with odds on various baby names and Ms. Woo has made her selection.

“She’ll be named Jenna after her Mommy,” Woo said. 

“Jenna” is a variation of “Jenny” or “Jennifer”, which was among the favorites.  Other favorites included Christopher/Christine, Doyle, James and Sparky.

Submitted by Payton on, Nov/14/2011

California and Tribal Casinos Gearing up for Legalized Internet Poker

Two bills have been drafted that would legalize Internet poker in the state of California.  Many believe that a regulated Web poker industry in the world’s 8th largest economy  could serve as the perfect cure for California’s financial woes.

From VegasInc.com

Submitted by C Costigan on, Nov/14/2011

Nevada to Begin Granting Internet Poker Licenses

Nevada’s state Gaming Control Board will begin issuing licenses for operation of Internet poker sites beginning in February.  The licenses would be granted much faster for those casino firms already holding a gaming license in the state.

Once granted a license, companies would only be permitted to offer online poker within the state’s boundaries in specified settings such as in the casinos and racetracks themselves.

Submitted by C Costigan on, Nov/14/2011

Bettors Will Miss Joe Paterno, In Bowls he was $$$ in the Bank

Say what you want about disgraced fired former Penn State head coach Joe Paterno--gamblers loved him!

Especially when it came to bowl season.

JoePa and the Nittany Lions football team in a post-season game was the closest thing to money in the bank for many a sports bettor for many a year.

So successful in fact was Paterno in bowl games that there was a maxim in college football circles that went: "Give Joe Paterno two weeks to prepare and he can beat anyone."

Submitted by Thomas Somach on, Nov/14/2011

Caesar’s Head Gary Loveman: “$5 Billion From Internet Poker in US a Conservative Figure”

Caesars Entertainment Corp. Chairman Gary Loveman, speaking during the company's third-quarter earnings conference call with analysts, said he believed his casino operation would have an Internet poker site up and running within 12 to 14 months of legislation passing in the US.  He also balked at the idea that the industry would take in a mere $5 billion.

Submitted by Aaron Goldstein on, Nov/11/2011

The Lefty Rosenthal Watch is Being Auctioned Off

If they could auction off John Lennon’s rotten tooth, why not Lefty Rosenthal’s gold watch?  The current bid on the watch was just over $4000 with the starting bid actually set at $1.

Submitted by Aaron Goldstein on, Nov/10/2011

Follow Up Hearing On Internet Poker Scheduled

The US Government is inching closer to legalizing Internet poker as a follow up hearing has just been scheduled for November 18.  Once again, the House Subcommittee on Commerce, Manufacturing and Trade will oversee the hearing. A list of speakers is yet to be finalized.

Last month’s hearing focused mostly on the pros of online poker with concerns expressed over Indian gaming sovereignty, under aged gambling and collusion in card rooms, specifically how to prevent so-called “bots”.

Submitted by C Costigan on, Nov/10/2011

Betfair Poaches Paddy Power Second-in-Command

The world’s largest betting exchange announced Thursday it has hired away Breon Corcoran from rival Paddy Power to become its new CEO.  Corcoran replaces David Yu.

The Financial Times of London reported that Corcoran’s Paddy Power contract was understood to have had a six-month notice period, with a non-compete clause for two-and-a-half months.  As such, Corcoran is said to be on “gardening leave” until August. 

Submitted by Aaron Goldstein on, Nov/10/2011

What if the NFL, DOJ Back Down Concerning New Jersey Sports Betting

As Gambling911.com was among the first to report, on Tuesday voters in New Jersey overwhelmingly voted for a referendum favoring sports betting in the state by a margin of 65 percent to 35 percent.

If you were thinking about betting on some College Football games this weekend in Atlantic City, that won’t happen.

Submitted by C Costigan on, Nov/09/2011

New Jersey Elections Will Have Impact as Sports Betting on Way to Becoming Legal

History was made in New Jersey on Election Day, November 9, 2011 as voters overwhelmingly cast their ballots in favor of legalized sports betting in the Garden State.

Submitted by C Costigan on, Nov/09/2011

Breaking News

Polish Reality of Gaming Machines

In news and information services, we can see pictures where a police unit armed to the teeth in bulletproof vests enters metal containers with the inscription greengrocer, hidden rooms in shanty houses, small neighborhoo

Election Odds Turn

Election Odds Turn

Thursday afternoon's Drudge Report headline read "Election Odds Turn".

Online and Land Based Gaming Industries Spotlighted at Digital Conference

Online and Land Based Gaming Industries Spotlighted at Digital Conference

The SBC Digital Summit North America virtual trade show is to deliver a comprehensive examination of the current status of and future opportunities in both the online and land based U.S. gambling industry.