August 8, 2012
With an August 31 deadline for new legislation in California looming, it looks increasingly as if getting an intrastate internet poker legalisation bill though will be a mission impossible, given the diverse views on the issue from a myriad interested parties. The State Senate President, Democrat Darrell Steinberg – a supporter of legalisation – confirmed […]
August 5, 2012
The Fertitta brothers are internationally known for their involvement in the US land casino business, the Ultimate Fighting Championship brand and, more recently, their prescient move into the online poker space with Fertitta Interactive. Their commitment to the genre is clear, with an application pending for a Nevada online poker operator licence, and the launch […]
August 5, 2012
In the wake of the Pokerstars takeover of Full Tilt Poker the story of generous loans made by the failed online poker operator to a number of high profile players/stakeholders…and when the new owner will call them in…is gaining traction in news media this week. Groupe Bernard Tapie, the erstwhile front-runner to acquire FTP, revealed […]
August 5, 2012
The Las Vegas Sun newspaper published a sobering story this week on the difficulties being experienced by Sen. Harry Reid in progressing his much vaunted online poker legalisation bill in the Senate. The bill, yet to be publicly unveiled and said to have been drafted with the collaboration of Sen. Jon Kyl in return for […]
August 2, 2012
The news Tuesday that Pokerstars is to acquire Full Tilt Poker and reimburse players owed for over 15 months will have been especially welcome to one professional player. The formidable nosebleed tables ace Daniel “Jungleman12” Cates told CardPlayer.com Wednesday that he was up $7 million on the site between fall 2009 and Black Friday on […]
August 2, 2012
Embarrassing bureaucratic bungling is believed to be at the root of a a shocking series of arrests on the Mediterranean island of Cyprus last week in which over 60 poker players were briefly detained. Those arrested in a series of police raids across the island were members of the Cyprus Poker Association who were not […]
August 1, 2012
Following yesterday’s news that agreement has been reached between Pokerstars, Full Tilt Poker and the US Justice Department, Pokerstars directors issued a statement providing further details on the deal: * The statement confirms that FTP is to forfeit all assets to the US government, which will then transfer these to PokerStars * Pokerstars will pay […]
August 1, 2012
Rumours Tuesday that Full Tilt Poker payment processing exec Nelson Burtnick had flown to New York to surrender himself as a Black Friday defendant (see previous report) have been confirmed. According to a US Justice Department statement, Burtnick was arrested on his arrival from Dublin at Newark airport and taken into custody on money laundering […]
August 1, 2012
Yesterday’s report that Absolute Poker et al has also reached an agreement with the US Justice Department (see previous reports) has been confirmed by company legal representative Jerry Bernstein, who told US media Tuesday that the deal included the forfeiture of Absolute Poker’s remaining assets to the government. “Our hope and expectation is that the […]
August 1, 2012
There’s a new entrant in the social gaming poker sector following the launch of Fresh Deck Poker on the Facebook freemium platform by US developer Idle Games, reports Inside Social Games.com. The new product is suitable for both online and mobile channels, and will easily convert to real-money operation in the event of US legalisation, […]