Business & Financial

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. 

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Submitted by Gilbert Horowitz on, Jan/09/2012

Casino Billionaire Sheldon Adelson Behind Super PAC Ad Blasting Mitt Romney

The casino billionaire magnate Sheldon Adelson is reportedly spending $5 million to a Super PAC group supporting Newt Gingrich.  Adelson is said to be a huge supporter of the former House Speaker. 

Submitted by Aaron Goldstein on, Jan/09/2012

Alderney Gaming Commission Tells Full Tilt Poker Customers: Go To Local Police

The Alderney Gaming Control Commission (AGCC) may be wiping its hands of Full Tilt Poker and all responsibilities associated with the now defunct company once and for all.

Submitted by Ace King on, Jan/09/2012

How Internet Poker in the US Might Look in Next 12 Months: Think Powerball Model

With the US Department of Justice changing its stance on applying The Wire Act to Internet poker, individual states now have the green light to begin offering real money play to their citizens.

The vast majority of states do not have the population necessary to support a viable player pool, however. 

Case in point:  Nevada has already passed a law that would allow real money intrastate play but its under 4 million residents will only allow for a handful of profitable businesses, and that is being somewhat overly optimistic. 

Submitted by C Costigan on, Jan/05/2012

Would You Play at South Point Poker in US for Real Money?

The poker community in the US is excited about the prospects of South Point Poker eventually opening its doors to real money play, quite possibly in early 2012. 

South Point Poker, a proud sponsor of the Gambling911.com website, is the first Las Vegas based casino to offer an online poker site, albeit for free play only at the present time (note:  this could change if you happen to be reading this article post-January 2012). 

Submitted by Ace King on, Jan/04/2012

Action Poker Network Now Chico Poker Network: Players Still May Be Leery

Following an announcement that PlaySafe had sold its Action Poker Network to Seychelles-based Julian International Holdings Limited, players were hopeful they may start to see their payouts in a more expedient fashion. 

For the past several months, the Action Poker Network has taken weeks – if not months – to pay players despite not allowing US customers.  Poker players in the US have come to expect intermittent longer delays due to the lack of payment processing ventures available.

Submitted by Aaron Goldstein on, Jan/04/2012

More Stars Defections: Online Poker Traffic Up 0.1 Percent

British star John Duthie decided against extending his contract with the world’s biggest online poker room, PokerStars.  He is the latest in a series of pros who have either decided not to stick around with Stars or have otherwise been cut.

PokerStars, while being named in an infamous April 15 indictment by the US Government, has managed to continue running without a hitch.  All US players were paid in a timely fashion after the company was forced to flee that market. 

Duthie was the European Poker Tour (EPT) 2004 winner.

Submitted by Ace King on, Jan/03/2012

Chico Poker Network Enters US Market?

The Action Poker Network has been sold and rebranded as Chico Poker.  The Seychelles-based Julian International Holdings Limited took over the Action brands, which included TigerGaming.com, PokerInCanada.com and PayNoRake.com

Submitted by Ace King on, Jan/02/2012

Nothing New With Groupe Tappie Full Tilt Poker Talks With US Government

PokerNews.com spoke this week to the US-based attorney representing Groupe Tappie’s interest in Full Tilt Poker, stating that there was nothing new in regard to any attempts at reaching a settlement with the US Justice Department.  The DOJ seized millions of dollars from Full Tilt Poker on April 15, indicted two of the company’s executives and FTP has failed to pay US players since. 

Attorney Behnam Dayanim told PokerNews.com:

Submitted by Ace King on, Jan/02/2012

Bookmaker Denise Coates Receives Queen’s New Year’s Honors for Good Deeds

Bookies can be good people too.  Denise Coates, founder of Bet365 in Great Britain, has been awarded the prestigious Queen’s New Year’s Honors for 2012.

Ms. Coates was honored for her community service work.

Her father, Peter, had this to say about Denise and what she has meant to the Bet365 firm, which is currently the biggest private sector employer in Stoke-on-Trent:

"We are all delighted and all proud of her.

"She has done an absolutely amazing job for bet365, building it up from scratch.

Submitted by Gilbert Horowitz on, Jan/01/2012

888 Holdings Among Biggest Surging Stocks on London Exchange Thursday

888 Holdings ranked among the biggest moving shocks on Thursday in the wake of a US Justice Department decision whereby the Wire Act will no longer be applied to online poker.  The new stance opens the door for individual US states to begin legalizing Web card rooms.  888 Holdings currently operates the world’s 4th largest online poker site and has entered into a partnership agreement with Caesars Entertainment.  The state of Nevada has already approved intrastate Web poker. 

Submitted by Gilbert Horowitz on, Dec/30/2011

Utah Wants to Prohibit Online Poker: Would be Second State to do so

Utah has little interest in jumping on the state legalization of online poker bandwagon in the wake of a decision by the US Justice Department that essentially allows intrastate Web poker. 

Utah is one of two states that does not have a lottery and there is not a single casino based there.

Washington is the only state thus far that specifically prohibits online poker by its residents, making the activity a Class C felony. 

Utah Rep. Stephen Sandstrom (R-Orem) is in the process of drafting an anti-Internet gambling bill. 

Submitted by Ace King on, Dec/30/2011

Caesars IPO in 2012 Includes Provision for Legalized Internet Poker in US

Caesars is preparing an IPO for the upcoming year 2012 and, in it, there is a provision for legalized Internet poker in the United States, which the casino giant obviously believes will be bountiful to its future business. 

From Pokerati.com

Submitted by Aaron Goldstein on, Dec/29/2011

Commission Must Act on NADEX Political Betting Request by January 4

The North American Derivatives Exchange (NADEX) has filed with the Commodity Futures Trading Commission (CFTC) to permit offering of betting on the upcoming political elections.  The deadline for a decision is January 4 and should the Commission fail to act, NADEX could begin offering such bets (or trades) within the next couple of weeks.

Three of those on the Commission must vote against the proposal for it to be discarded.  So far, only one Commissioner has come forward to oppose the NADEX request.

Submitted by Aaron Goldstein on, Dec/29/2011

South Point Poker Expecting to Move to Real Money Play Soon

The South Point Hotel, Casino and Spa could find itself the biggest name in online poker by the end of 2012 if they play their cards right (pun intended).

Already offering a free-to-play online poker website, prominently featured throughout Gambling911.com, South Point Poker is expecting to offer real cash play as soon as their license is granted by the state of Nevada, quite possibly as early as February. 

Submitted by C Costigan on, Dec/28/2011

Zynga Named Among Worst Performing US IPOs of the Year by Forbes

Zynga, which operates the largest online poker room in the world, was named among the worst performing IPOs of the year 2011 by Forbes.com. 

There may be good reason for the Forbes rating.  Zynga broke below its offering price on its first day out and remains underwater.

To be fair, Zynga has hardly had a chance to perform after the IPO came into being just prior to the Christmas holiday season.

From Forbes.com: 

Submitted by Aaron Goldstein on, Dec/27/2011

Online Poker Traffic Drops 4 Percent for Holidays: Merge Moves to Number 8

Worldwide online poker traffic dropped 4 percent this past week.  This is typically the slowest time of the year for online play. 

All ten of the top sites lost some traffic, with PokerStars losing 4.3 percent.  iPoker managed to hold onto the number 2 spot, but is in a virtual dead heat with PartyPoker. 

Submitted by Patrick Flanigan on, Dec/27/2011

GoDaddy.com Gets Crushed by Supporting Domain Seizure Policy

GoDaddy.com, one of the largest registrars, has bowed to pressure from consumers and changed its support of the controversial Stop Online Piracy Act (SOPA).

Submitted by Alejandro Botticelli on, Dec/25/2011

Wall Street Journal: Nevada Sets Stage for Online Poker

The Wall Street Journal released an article on Wednesday focusing on what will soon become Nevada’s intrastate online poker industry.  The Silver State hopes to ultimately serve as the hub for a national industry once federal legislation is passed.

The state's gambling regulator will vote Thursday on rules that would allow companies to apply for licenses to operate poker websites in Nevada.

Submitted by C Costigan on, Dec/22/2011

Minted Poker Bug Exposes Mucked Hole Cards Without Showdown

The PokerFuse.com website was reporting on Tuesday that a bug on the Everleaf Network’s biggest online poker room skin, Minted Poker, was exposing mucked hole cards without a showdown

PokerFuse.com reported:

The hand replayer in the browser client of Minted Poker was revealing the hole cards of all players – even of those that folded before showdown.

Submitted by Ace King on, Dec/20/2011

Carbon, Merge Poker Traffic Up 74 Percent, Bodog Traffic Stabilizes

Merge Gaming Network climbed to ninth place after spending seven weeks in 10th, according to the popular traffic monitoring website PokerScout.com.

Submitted by Ace King on, Dec/20/2011

888 Strong End to 2011

(Reuters) - British online gaming company 888 Holdings Plc. said it expects core profit for 2011 to be significantly above market expectations, aided by strength in its casino and poker businesses.

Cash-strapped Britons are staying at home more, watching TV and gambling online, updates from consumer-facing companies showed, as fears grow that the UK will slip back into recession.

The company, which operates 888 casino, poker, sport and bingo brands, said on Monday it would invest in several newly-regulated markets across Europe.

Submitted by Guest on, Dec/19/2011

Shufflemaster, OpenBet Apply for Nevada Online Poker License

CardPlayer.com is reporting that Shufflemaster, the global supplier of automatic card shufflers, slot machines and, more importantly, wireless gaming solutions, has applied for a license to operate an online poker venture in the state of Nevada

Nevada is set to begin allowing intrastate online poker as early as February ahead of potential federal legislation. 

Submitted by Aaron Goldstein on, Dec/19/2011

Zynga Stock Market Debut a Disappointment

Online game-maker Zynga raised an amazing $1 billion in the single biggest Internet IPO since Google in 2004.  The company made its stock market debut on Friday with results essentially flat. 

After rising 10 percent above the $10 offering price, it fell to as low as $9.50, then recovered to around its original $10. 

From Time.com:

Submitted by Aaron Goldstein on, Dec/18/2011

Lock Poker CEO Jennifer Larson Committed to Building Pro Roster in 2012

Lock Poker’s CEO Jennifer Larson sees the poker pros as ambassadors to the game.  While other online rooms, most notably PokerStars, continue to purge their pros, Larson has other ideas. 

“We’ll have more coming on board in 2012 and we are considering at least two other retreats like what we hosted in the South of France back in October,” said Larson.

Submitted by Ace King on, Dec/18/2011

PokerStars, Joe Hachem Part Ways

2005 World Series of Poker Main Event Champion Joe Hachem and PokerStars have parted ways, it was announced on Friday.

 “It’s been a great run with PokerStars and I’m proud of my association with the people and the company,” Hachem said in the official announcement. “But it’s time for me to pursue other career opportunities and it will be fun to have some down time to spend with my family. I look forward to the future with much excitement and anticipation and will always have fond memories of my time at PokerStars.”

Submitted by Patrick Flanigan on, Dec/16/2011

Nevada May Have Enough of a Player Pool to Support Intrastate Online Poker

Director of the Center for Gaming Research at the University of Nevada Las Vegas, David Schwartz, told CardPlayer.com Friday that he believed Nevada would be one of those states that could support legalized online poker at the intrastate level. 

Submitted by C Costigan on, Dec/16/2011

Bovada: The Hidden Meaning Behind Newly Branded Poker Site Revealed

Throughout the day, some of us who must not have better things to do with our lives were trying to figure out the meaning of the new Bodog rebranded Bovada.lv (which can actually be accessed from the .com address)

Submitted by Jagajeet Chiba on, Dec/14/2011

No More Bodog.com in US: Hello Bovada.lv

In with Bovada.lv and out with Bodog.com.

Bodog.com has stopped accepting US customers as of Wednesday December 14, 2011.

While the company planned to pull the Bodog.com and .eu domain names from US reach while offering a rebranding alternative, the move comes a bit sooner than previously expected.

Submitted by C Costigan on, Dec/14/2011

Bodog Poker Traffic Drops Off 9.3 Percent?

Bodog.com unveiled its “anonymous” software two weeks ago with one of the objectives being to prevent traffic monitoring websites from so-called “data mining”. 

The most popular of those monitoring websites, PokerScout.com, reported that Bodog Poker’s traffic fell nearly 10 percent (9.3 percent) in the past week.   The irony in all of this is that such a drop off seems to indicate the “anonymous” software is just that….anonymous.

Submitted by C Costigan on, Dec/13/2011

Breaking News

John Cynn Wins $8.8 Million at 2018 WSOP Main Event

John Cynn Wins $8.8 Million at 2018 WSOP Main Event

Indiana resident is this 2018 World Series of Poker champion.

Bitcoin Betting for Dummies ....and Five-Year-Olds

What's often lost in the discussion is that bitcoin is really no different than PayPal, the intermediate payment platform that is now commonplace among nearly anyone who conducts financial transactions online. 

Pragmatic Play Announces Acquisition of Extreme Live Gaming

Pragmatic Play Announces Acquisition of Extreme Live Gaming

Pragmatic Play announced its acquisition of Extreme Live Gaming from the Novomatic Group late last week.  Extreme Live Gaming is one of the premier live dealer casino platforms online today.