Business & Financial
2011 Kentucky Derby Sets Record: $165.2 Million in Wagers
The 2011 Kentucky Derby brought in a record $165.2 million in wagers, and that is not including bets taken online.
All-sources wagering on the Kentucky Derby card was $165.2 million, the third-highest in Derby history and an increase of 1.5 percent over the prior year's $162.7 million. All-sources handle on the Derby race itself was $112.0 million, flat with 2010's $112.7 million. Churchill Downs returned $135.3 million to bettors, which amounts to 81.9 percent of total wagering on the Derby Day race card.
Head of Employment Agency Threatens to Report UB.com to Feds
Somach: Expect Exodus of Online Poker Shills
The announcement Wednesday by poker pro Dusty "Leatherass" Schmidt that he's quitting as paid spokesman for online poker room Poker Stars is likely the start of a trend.
US Feds Seize Home of Playboy Playmate Destiny Davis in Online Poker Crackdown
Breaking: Absolute Poker and UB to focus on Non-U.S Markets and Software Biz
Note: This is the official statement released by UB.com, Absolute Poker and Blanca Games Inc. by their Public Relations Department directly to Gambling911.com.
Macau Casino Revenue up 44.6 Percent
(Reuters) - Casino revenue in Macau, the world's biggest gaming market, rose 44.6 percent in April to 20.5 billion patacas ($2.56 billion).
UB.com Loses More Than Three Quarters of Its Online Poker Traffic
It’s been a hard fall for UB.com and Absolute Poker as the network has lost more than three quarters of its online poker traffic post-indictments.
UB.com and Absolute Poker were caught up in an April 15 crackdown by US law enforcement along with PokerStars and Full Tilt Poker. Each were charged with money laundering and bank fraud. The three sites also had their domain names seized by the US Justice Department.
Gold Strike Casino in Tunica to pay Employees During Tunica Closure
Full Tilt Poker Payouts to Begin Next Week
According to the popular website LawDonk.com, Full Tilt Poker is to begin making payouts to US customer beginning some time next week.
Merge Poker Shoots Up Into Top 10 But With One Important Caveat
DOJ Source Said PokerStars, Full Tilt Poker Created “Financial Black Hole”
PokerStars US Payouts Now Available
Though a statement has yet to be released by PokerStars at this time, the online poker firm is now allowing US players to withdraw funds.
US players were shut out of the world’s largest online poker room on April 15 following an indictment against the company by the US Justice Department. The company and its founder have been charged with money laundering and bank fraud.
Microgaming Online Casinos Pulling out of US Market
Reports have surfaced that Microgaming, one of the largest providers of online casinos, will no longer allow US players.
The company had previously pulled its poker network out of the US market following attempts by the Commonwealth of Kentucky to seize several dozen online gambling-related domain names. Some Microgaming casinos continued to operate in states where the activity was not specifically deemed illegal.
The move appears to have coincided with a crackdown against the three largest US-facing Internet poker rooms on April 15.
Clonie Gowen Lawsuit Sheds Some Light on Full Tilt Poker Corporate Structure
Poker’s Porn King Larry Flynt: How Good a Player?
Larry Flynt made news recently when it was announced that he was opening a "Hustler"-branded online poker room.
Full Tilt Poker Money Fails to Arrive for Poker Tournament Show
Merge Poker Now The Biggest of the US-Facing Online Poker Sites
Poker “Snitch” Daniel Tzvetkoff Bankrupt and in Witness Protection Program
The man who helped take down Full Tilt Poker, PokerStars and UB.com is bankrupt and stuck in a US witness protection program.
Daniel Tzvetkoff, the 25-year-old Australian wiz kid profiled on Gambling911.com just hours before the April 15, 2011 bust went down, is profiled in even more lurid details on the pages of the Sydney Morning Herald Monday by Cosima Marriner.
Restraining Orders, Frozen Accounts for PokerStars, Full Tilt Poker, UB.com Now Up
Globe and Mail Intimate Look at PokerStars Founder
The Globe and Mail released quite a fascinating look at the man behind PokerStars, Israeli-born (or perhaps Canadian-born) Isai Scheinberg.
Land-based Poker Rooms Report Modest Increases Since Online Poker Crackdown
With last week’s crackdown on the three biggest online poker rooms, some of the biggest beneficiaries have been the Vegas card rooms.
Absolute Poker, UB.com Issues Statement Regarding Indictments
Absolute Poker, including the UB (formerly Ultimate Bet) brand, hereafter "Absolute Poker," issued the following statement today:
