Gambling Companies

Tribal Gaming Network Begins Offering Legalized Real Money Internet Poker in US

Nevada-based Atlantis Internet Group Corp. announced Wednesday it has launched the first form of legal Intranet gaming within the United States.  Intranet means “local or restricted communications network”. 

MGM CEO: “Very Confident” Online Gambling Laws Would Pass on the Federal Level

Appearing on CNBC Wednesday evening, MGM CEO Jim Murren said he was “very confident” online gambling laws would pass on the federal level soon.

Murren added that, if such legislation fails to pass on the federal level, we will likely see the industry develop on a state-by-state basis. 

MGM has teamed up with the largest real money online gambling company, bwin.party.  Murren admitted that bwin.party might have to enter the US market at the state level first.

Peter Eastgate Signs on With Betfair Poker

2008 World Series of Poker Main Event winner Peter Eastgate has signed on to represent Team Betfair Poker.

The popular Danish player, who was last seen jumping off a bridge into a frigid canal after losing a $6000 prop bet, hasn’t exactly had the greatest impact on the live poker circuit of late.  He only won $14,345 in 2011.  In late 2010, Eastgate retired from poker, only to return a few months later (February to be exact).

Eastgate issued this statement at the time of his return:

Nine of Top Ten Online Poker Rooms See Drop Off in Traffic

The second straight week of declines occurred with a 3 percent drop off in traffic for online poker rooms.  Some of this could be attributed to the extended President’s Day weekend holiday in the US.

PokerScout.com also noted that Everleaf’s pullout from the US market only resulted in a 16 percent drop in overall traffic.  They noted that the network’s reliance on the US market was much less than had been previously believed.

Top 20 Movers

Cake Poker Announces Major Software Upgrade

Cake Poker, one of the leading online poker networks, has announced a major new software upgrade.

The update to its 2.0 client will feature improvements in speed, stability, navigation and graphics. 

Patrik Antonius Coming to PartyPoker….Sort of

Finnish poker pro Patrik Antonius may be on his way to finding a new home…if only for a brief moment.

Following the shutdown of Full Tilt Poker late last year, Antonius and over a dozen other poker pros have been left without promotional deals.

Zynga Stocks Fall After 4th Quarter Disappointment

NEW YORK (AP) — Investors sold off shares of Zynga on Wednesday after the company behind the most popular Facebook games fell shy of high expectations for its first earnings report as a publicly traded company.

Zynga Inc. of "FarmVille" and "CastleVille" fame reported better fourth-quarter results than what Wall Street was expecting, at least according to the average estimate compiled by FactSet. But Barclays analyst Mark May said the results fell short of some recent, more bullish expectations.

Everleaf Poker Should Never Have Been Allowing Washington State Citizens to Play

We have finally learned after days of speculation that Everleaf Poker’s woes come from transmitting funds for online poker to and from the state of Washington.  It is the only state in the U.S. to make playing Internet poker a Class C felony and has done so since 2009 when the investigation into a payment processor utilized by Everleaf had commenced. 

Title 18 U.S.C 1084(b) was cited in the seizure affidavit issued by the United States District Court for the Western District of Washington.

Nevada Casino Tax Hike Would Result in 7500 Lost Jobs

(AP)  CARSON CITY, Nev. — An initiative to raise the top tax rate on Nevada's highest earning casinos is not economically sustainable by the industry and would lead to thousands of direct and indirect job losses, according to one gambling analyst who called the proposal a "wolf in sheep's clothing."

"We estimate the gaming tax increase would result in 7,500 or more lost jobs in Nevada, a notable step backward," Bill Lerner of Union Gaming Group said in a client's note.

Nevada leads the nation in unemployment, bankruptcies and foreclosures.

Lock Poker Welcomes Two New Pros: Jason Lee and Tim West

Lock Poker is thrilled to announce the new additions to their LockPRO ELITE team:  Jason Lee and Tim West.

Jason spent his College years at the University of Florida, He stumbled upon the game of poker when he stopped by a group of friend's home game.  Describing himself as "horrendous" at the time, Jason quickly fell in love with the game and became engulfed in the study of the game.  Through hard work, long nights and some help from friends, he quickly found himself among the upper ranks of online poker professionals.  The rest is history.

Zynga to Post 4Q results

(Associated Press) - Zynga will show whether it was able to further boost its rapidly growing number of followers, as well as its profit and revenue as a publicly traded company, when the online game maker reports fourth-quarter results Tuesday.

It will be Zynga's first quarterly report since going public in December. Analysts, on average, expect the San-Francisco company to post earnings of 3 cents per share on revenue of $302.1 million, according to a poll by FactSet.

Probability Seeks Nevada Online Gambling License

Probability plc, a UK-based mobile gaming company, is the latest to apply for a license in the state of Nevada that would ultimately permit it to feature real cash games. 

Probability has over 5 years experience specialising in mobile gaming, with around 1m UK customers and over half a billion transactions on our proprietary m-gaming platform so far. It allows customers to play a variety of casino games including slots and Bingo! Games can be played on over 8,000 types of mobile phone from mid-1990′s Nokias to the latest iPhone and iPad devices.

Everleaf Gaming Skin Luvin Poker: ‘DOJ Did Not Seize Our Funds’

In what has been a hectic and harrowing 48 hours for customers of the Everleaf Gaming Network, finally some clarity came from Jennifer Winters, a spokesperson for what is widely believed to be the network’s second largest room, Luvin Poker. 

Winters sent out an email to customers of the online card room essentially denying initial reports that the Department of Justice had seized the company’s funds as previously reported. 

Churchill Downs Buys Bluff Media

Churchill Downs Incorporated announced today that it acquired the assets of Bluff Media, an Atlanta-based multimedia poker content, brand and publishing company. Terms of the sale were not disclosed.

Bluff Media's assets include:

-- the industry-leading poker periodical, BLUFF Magazine;

-- BLUFF Magazine's online counterpart, BluffMagazine.com;

-- ThePokerDB, a comprehensive online database and resource that tracks and ranks the performance of poker players and tournaments;