Gambling Companies
Gambling Companies, Gambling Stocks
Kahnawake: Positive Outcome Coming Regarding Absolute Poker?
The Kahnawake Gambling Commission, which licenses troubled online poker firm UB.com and its sister site Absolute Poker, has been in correspondence with affected players recently, suggesting a positive outcome is coming soon.
While Absolute Poker and UB.com have continued to pay players outside the US in small increments, those living in the States have been waiting for payment since April. That is when two executives of the company were indicted. Charges included money laundering and bank fraud. Absolute Poker/UB.com were forced to flee the US market as a result.
Full Tilt Poker Lays Off Remaining Staff
Disgraced online poker firm Full Tilt Poker has laid off its remaining staff of 180 employees in Dublin, Ireland. The company had its license officially revoked last month following a series of US indictments.
A handful of poker pros/shareholders in the company, including Howard Lederer and Chris Ferguson, are accused by the US Government of perpetrating an elaborate ponzi scheme.
US Customers of Full Tilt Poker have yet to be paid since April 15 while those worldwide have not received payouts since late June.
Nevada Will Have Real Cash Online Poker Come January
Intrastate online poker for real money is anticipated this coming January in the state of Nevada. Should legislation pass at the federal level, Nevada would then permit those across state lines to play. They, the licensed casinos in Nevada, would become the hub for interstate online poker at that point.
A source close to the situation noted that there is some confusion related to Nevada’s passage of a measure that permits real cash online poker and that Gambling911.com is not exactly helping in this regard.
William Hill Execs Locked Out of Their Own Office: Implosion Within, Shares Fall
The riff between William Hill and its Tel Aviv-based online support and affiliate center, Affiliates United, continued through the weekend following a mass employee walkout last Sunday. Fewer than 20 employees reported back to work.
The Affiliates United employees were told by a former manager of the support center that they would be relocating to William Hill’s Gibraltar base.
Lock Poker CEO Jennifer Larson Applauds Lock Pro Chris Moorman WSOPE Finish
It is the year of the number two making headlines with World Series of Poker bracelet record holder Phil Hellmuth finishing second in three of this year’s events. Now comes another big number two finish, Lock Poker pro Chris Moorman.
His second place finish at this past week’s World Series of Poker Europe earned him $1.1 million and some change. It was his second consecutive number two finish having walked away with $716,282 at the WSOP No Limit Hold’em Six Handed Championship over the summer.
Tim Trushel Abruptly Resigns from his Own Website Sports Memo
Tim Trushel, the president and owner of the Sports Memo group announced his resignation on Tuesday in a shocking development in the sports advisory business. (see blog post here)
Donald Trump to Enter Online Poker Fray
Real estate, entertainment and casino mogul Donald Trump has teamed up with hedge funds manager Marc Lasry in an effort to get a piece of the online poker industry pie once the activity becomes licensed and regulated in the United States.
From Bloomberg News:
House Committee Hearing on Internet Poker Next Week has Many Excited
The House Energy and Commerce Manufacturing subpanel will hold a hearing Tuesday on Internet gambling.
“I am pleased that Chairman Bono-Mack is holding a hearing on the important issue of Internet gaming," said Rep. Joe Barton (R-Texas in an interview with The Hill. The Congressman introduced a bill that would legalize online poker in the United States.
The Class Action Lawsuits Against Full Tilt Poker Keep Coming
Yet another class action lawsuit has been filed against defunct online poker company Full Tilt Poker.
The Merge Surge
PocketFives.com reports that Merge Gaming has enjoyed quite an uplift after opening to the North American market this past week.
Traffic grew by 15 percent, P5s noted.
PokerScout.com, the traffic monitoring website for online poker reported the following:
William Hill Promises Its Affiliates United Branch Staff Six Months Notice of Termination
The United Kingdom’s largest online bookmaker, William Hill, has promised its Tel Aviv-based online affiliate staff, Affiliates United (AffUtd), one month's extra pay and six months notice in the event their jobs are set to be terminated.
WSOPE Main Event 2011 Final Table: Lock Poker Pro Chris Moorman Makes the Cut
Lock Poker pros Chris Moorman made the WSOPE Main Event 2011 final table as did online poker phenom Patrik Antonius.
“We are all rooting for Chris,” Lock Poker CEO Jennifer Larson told Gambling911.com late Wednesday.
His appearance among the top 9 finalists is certainly great exposure for one of the fastest growing online poker rooms. Another Lock pro, Michael Drummond, also enjoyed a strong finish at number 16.
William Hill Share Price in Tizzy Following Tel Aviv Uprising
William Hill’s share price was -4.1p at 224.7p Wednesday as executives from the company tried desperately to quash an uprising in its Tel Aviv Internet support centre.
The company issued a statement on Tuesday that several higher-ups at that office would receive disciplinary action for suggesting to employees they were either being relocated to the company’s Gibraltar office or that their jobs might ultimately be disposed of altogether. More than 200 of the Tel Aviv employees abandoned their jobs as a result of this news.
William Hill Takes Action Against Tel Aviv Execs
England’s biggest bookmaker says it is taking actions against executives in charge of its Tel Aviv online gambling support center for wrongly telling employees they were being relocated to Gibraltar.
Headlines were made this week when more than 200 employees walked out after reports surfaced that the Tel Aviv office would be shut down. William Hill dispatched a team of senior executives to help quell concerns.
PartyPoker Working Hard to Enter US Market: Redlines PokerStars, Full Tilt
Forbes.com reported on Tuesday afternoon how PartyPoker co-chief Jim Ryan has been meeting with investors in the US to highlight how his company will benefit from the latest exits of PokerStars and Full Tilt Poker from American soil.
His chart, according to Forbes, listed Stars and Tilt with red lines drawn through their names.
Mass William Hill Walkout Could Have Effect on Internet Business
The resignation of Eyal Sanoff, the chief marketing officer, from William Hill has prompted a mass walkout of over 200 staff members from the company’s Tel Aviv online support centre, the Sun reports. That office handles nearly all of William Hill’s Internet marketing.
The Israeli-based staff is worried over rumors that Hill’s CEO Ralph Topping is preparing to dump them and move all operations back to the United Kingdom and Gibraltar.
BetOnSports Founder Gary Kaplan Out of Prison
The founder of BetOnSports.com, Gary Kaplan, has completed his prison sentence in connection with running what was considered the biggest North American facing sports betting business of its kind during its heyday. Numerous sources have confirmed to Gambling911.com that Kaplan is out of jail, whereabouts unknown.
BetOnSports and nearly a dozen of its executives were indicted in July of 2006 just prior to the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in October of that same year. Charges included racketeering, money laundering and mail fraud.
Lock Poker’s Jennifer Larson: “A Life Changing Event for Lock Pros”
Online Sports Betting Way Up at Legends, BetOnline.com: Volume Way Down
Free Online Poker Las Vegas Casino South Point Joins the G911 Family
Gambling911.com is thrilled to announce that South Point Poker, the first online poker website run by a Las Vegas casino operator, has joined our family of fine partners.
Sportingbet Has Sold Its Turkish Business to GVC Sports
Following news this week that takeover talks involving Ladbrokes had fallen through, Sportingbet has sold its Turkish sports betting business to GVC Sports for €142.5m. Gambling restrictions in that nation forced the sale.
Andy McIver, Sportingbet’s chief executive, offered the following statement:
“Given our other big markets, Spain and Greece, have recently regulated their gambling markets, Turkey was the one which stood out [and] that has often been cited as an overhang on our equity,” he said. “So it was a question of when, not if.”
Verisign Wants Power to Seize Domains: ACLU Says “Not So Fast”
In the wake of a number of Internet gambling websites and music downloading website having their domains seized, Verisign has signaled they would like to pursue the policy even further.
Zynga Distances Itself From Facebook
The popular free online poker and gaming site Zynga has announced it is diversifying its business beyond Facebook with a focus on its own Web platform.
The move makes sense. Facebook currently takes a 30 percent cut of Zynga’s business.
Zynga chief executive Mark Pincus said of the company’s new direct-to-consumer strategy, called Zynga Direct, that it will allow “a direct relationship with consumers… where we can give you a whole sandbox and create socialness around the games.”
Four new games will debut as part of the new platform, including bingo.
Up, Up and Away: Merge, Lock Poker Begin Accepting New Customers Worldwide
Merge Poker to Begin Accepting New US Players Again Tonight?
PokerUpdate.com is reporting that the Merge Poker Network will once again start accepting new players from the US with the exception of certain states such as New York and Maryland as early as Midnight October 12.
The site claims to have sources close to the company who confirmed the time while noting that “some details are still unconfirmed”. Gambling911.com has not independently confirmed these details.
Everleaf Poker Peak Traffic Rises in October
With 126 online poker skins associated with the network, the most in online poker today, Everleaf should be among the top 10 networks in terms of overall traffic. It is not.
Everleaf just happens to be one of the only US-facing Internet poker rooms.
That said, PokerScout.com observed a fairly significant increase in peak traffic during the month of October compared to previous months.
Alderney Gambling Control Commission Talks Full Tilt Poker With J Todd (Video)
J. Todd of Perspectives Weekly was on hand at the Global Gaming Expo this past week where he managed to grab an interview with Andre Wilsenach, the CEO of Alderney Gambling Control Commission (AGCC). The AGCC last week revoked Full Tilt Poker’s license.
Ladbrokes Ends Acquisition Talks With Sportingbet
Ladbrokes and Sportingbet announced on Monday the two gambling firms have terminated merger talks as part of a mutual agreement.
A statement from Sportingbet on Monday said: “The boards of Sportingbet and Ladbrokes agreed to end discussions as the parties were unable to agree either a suitable structure or one that delivered sufficient value to shareholders in a meaningful time frame.”
