Gambling Companies
Gambling Companies, Gambling Stocks
Daniel Tzvetkoff to be Star Witness in Full Tilt Poker, PokerStars Trial
Australian entrepreneur Daniel Tzvetkoff will act as a star witness in the trial of 10 men charged in connection with the operation of three giants in the online poker sector – Full Tilt Poker, PokerStars and Absolute Poker.
MGM CEO: “Time has Come for Legalized Online Poker”
MGM CEO Jim Murren on Wednesday delivered the key note address at this year’s Global Gaming Expo in Las Vegas. As part of his address, Murren urged Congress to legalize Internet poker, predicting it would help, not hurt, the US economy.
“We feel the time for talking is over and that the time for action is right now,” Murren told attendees.
Full Tilt Poker Faces Another Law Suit
Yet another lawsuit has been filed against Full Tilt Poker, this one by Cardroom International.
A statement was issued by the company:
Revealed: Lock Poker Puts Its Pros Up In French Castle
Lock Poker pros from throughout Europe and North America had something to be excited about this week as they were treated to exclusive use of a centuries old French castle just outside of Lyon.
“There are going to be many more of these events upcoming,” Lock CEO Jennifer Larson told the nearly 50 guests in attendance. “We are all a family and you are all going to get a taste of the Lock treatment.”
The Gambling911.com crew was also invited to stay at the fabulous Chateau de Bagnols castle.
Michael Gaughan Online Poker Site Approved by Nevada Gaming Board
The highly anticipated debut of the South Point Hotel and Casino online poker site comes with the blessing of the Nevada Gaming Board.
SouthPointPoker.com, a website developed by our good friends at Level Media, entered the play-for-fun-while-we-wait-for-legislation-in-the-US market on Wednesday.
Michael Gaughan’s property in the first US-based casino operation to open an Internet poker room in the US.
Lock Poker Retreat Comes to a Close
The highly anticipated Lock Poker retreat has completed with everyone leaving Thursday morning. Gambling911.com will not discuss details of this incredible event until after everyone has departed.
Some of us at Gambling911.com closed the party Wednesday night with a little dancing but Wednesday was a fun-filled day, which began with a hot air balloon flight followed by a horse and carriage excursion followed by a wine tasting at two different vineyards (7 taste tests) then an amazing dinner and dancing. We were all up by 6:30 am and most of us went to bed by 3 am.
G911 Exclusive: A Sneak Peak at the South Point Casino New Online Poker Room
The very first Las Vegas casino to launch its own online poker room is South Point Casino and that takes place later on Thursday (October 5, 2011). However, Gambling911.com has been provided with an exclusive look at the new site here.
Level Media was the agency selected by South Point to build the new online poker room. It is now live.
South Point Poker will offer a play-for-free registration online poker platform in anticipation of legalization within the USA.
Lock Poker is Full of Hot Air….Literally!
Today, Gambling911.com and the Lock Poker pros woke up at the crack of dawn. Well actually it wasn’t quite dawn and many of us had not yet fallen asleep.
Tuesday evening’s sunset hot air balloon flights were postponed until the early AM on Wednesday due to high winds in the region. So basically, the late Tuesday night dinner, drinking and poker-for-fun event ran right into the hot air balloon flights. Hence, there were a few drunkards taking flight in the early AM hours.
PartyPoker Builds Strong Margin Between It and iPoker Network
The battle over number two has been won by PartyPoker for the time being as it builds a solid 500 player lead over its closest competitor iPoker. The two online poker sites have been battling to be the second largest ever since Full Tilt Poker was shut down on June 29.
Throughout much of last month, iPoker had occupied the number two spot. In recent weeks, Party has taken over and it now has since build the largest margin between it and the iPoker Network since the FTP closure.
Situation Looking Bleak Again for Those Owed by Full Tilt Poker
Hopes appear to be dashed that French investors Bernard and Laurent Tapie can save shuttered online poker room Full Tilt Poker, at least where payment to customers is concerned.
Alderney Gambling Control Commission Tells Full Tilt Poker Players to Notify Local Police
Betfair Scandal: Critical Credit Card Hacking Data Withheld From Players
The world’s largest betting exchange, Betfair, has found itself in the middle of a major scandal that resulted in the firm’s Head of Security stepping down.
More than three million customers were affected by a massive credit card hacking scheme. The company made the situation worse by failing to advise customers. The hacking incident in question occurred over 18 months ago.
Full Tilt Poker’s Raymond Bitar Challenges US Justice Department
It seems a little late but Full Tilt Poker founder Raymond Bitar has now filed a claim against forfeiture allegations by the US Justice Department. Bitar and another executive of the company were both charged with money laundering and bank fraud on April 15. Bank accounts and homes belonging to Bitar were seized by US Feds.
From PokerWorks.com:
Full Tilt Poker Acquisition Right Now Just a Prelude Stresses Attorney
An attorney for the embattled online poker company Full Tilt Poker stressed to the New York Times Friday afternoon that a potential sale of the company was still in the initial stages.
It was “merely a prelude to a formal acquisition, pending resolution of the civil suit”. Players waiting since April 15 to see their funds will likely still have to endure a long wait and there are no guarantees this deal will not ultimately fall through.
Still, affected customers have more to grasp onto than they did yesterday.
French Business Tycoon Bernard Tapie Agrees to Buy Full Tilt Poker on Condition
French business tycoon Bernard Tapie has agreed to buy Full Tilt Poker on condition that it settles legal concerns in the US. Executives of what was once the world’s second largest online poker room were indicted on April 15, charged with money laundering and bank fraud.
Full Tilt has also said there is a plan in place to repay deposits of players worldwide, which suggests that any winnings will not be paid.
Chili Poker Moves Into US Market
Chili Poker is the latest European-based online poker site to delve into the US market.
No, they won’t be offering real cash poker. Chili will be opening a free to play social networking online poker venture.
Players will be able to utilize a virtual currency system.
Obviously, Chili Poker is positioning itself to gain a solid foothold in the US market should the activity become legal at the federal level as it applies to real cash play.
Alderney Revokes Full Tilt Poker License
The Alderney Gambling Control Commission as expected as revoked the license for Full Tilt Poker.
The AGCC had yanked the license on June 29 after Full Tilt Poker failed to pay its US customers following indictments against two executives by the US Justice Department. They were charged with money laundering and bank fraud.
Since that time Full Tilt Poker has failed to pay players across the world including Europe.
San Francisco Chronicle: Full Tilt Poker a Game Changer…We Say Not Really
The San Francisco Chronicle featured an interesting piece on the current crisis surrounding Full Tilt Poker and its impact on the Internet gambling sector as a whole.
Last week, US Feds accused Howard Lederer, Chris Ferguson and Rafael Furst of defrauding thousands of poker players out of more than $300 million.
Betclic Poker Joins The Everest Poker Network
The Boss Media/IPN Poker Network has yet another defection as Betclic Poker announced it has moved to the Everest Poker Network.
Tarquin Henderson ,head of poker and casino at the group said, “We are thrilled that BetClic Poker joins the Everest Poker network. The growing Everest Poker Network is a popular and trusted place to learn and experience the fun of playing poker online.
“BetClic Poker will bring poker knowledge, passion and liquidity to our network and this will ensure the best experience for all players involved.”
Full Tilt Poker French Investors Look to be Out $800M Should They Go All In
News that mysterious (or not so mysterious) “French investors” are looking to acquire Full Tilt Poker had the folks from WickedChopsPoker.com doing the math, mostly subtraction…and folks, it doesn’t look good by any stretch of the imagination, even using Mickey Mouse calculations.
• As of March 31st, Tilt owed players around the world approximately $390M…but only had approximately $60M in bank accounts, leaving a short-fall of about $330M.
Gambling911.com to Visit BetOnline, Lock Poker
Gambling911.com has announced its October 2011 schedule, which includes visits to Panama City, Panama (home of BetOnline.com) and a meeting with Lock Poker executives and poker pros in London next week.
“We are very excited to be visiting with two of the industry’s fastest growing brands,” noted Payton O’Brien, Senior Editor of the Gambling911.com website.
PokerStars Tough Time Gaining Ground
The world’s largest online poker room is still the world’s largest online poker room but a substantial margin, but the company has lost a significant amount of its customer base since exiting the US market on April 15 even after a slight summer surge.
Two Stars executives were indicted in mid-April for alleged money laundering and bank fraud.
PartyPoker Takes Over Number Two Spot
PartyPoker has recaptured the number two spot for the world’s largest online poker rooms after iPoker’s reign for the past few weeks.
Both networks have been engaging in a tug-of-war for that coveted ranking since Full Tilt Poker went offline the end of June.
The reality is that both sites have essentially the same average number of real cash players over the past week with Party trending upwards only slightly more than iPoker.
Gambling911.com Debuts New Subsection: Full Tilt Poker BS
Mysterious European investors, bizarre posting forum identity theft, and denials that any ponzi scheme ever took place at Full Tilt Poker, Gambling911.com frankly is getting a little tired of all these other media outlets getting hoodwinked by what was once the world’s second largest online poker room.
We’ve decided to devote an entire section here at Gambling911.com to Full Tilt Poker and we are aptly calling it “Full Tilt Poker BS”.
PokerScout Says it is Unaffected by Bodog Poker Software Update
Last week Gambling911.com broke the news that Bodog Poker had implemented new software that is supposed to prevent data mining. The public objective was to protect recreational players.
“Currently there is a wealth (quite literally) of data available on individual players and websites that only benefit professional players to the detriment of recreational player and, equally therefore, to the detriment of the poker industry itself,” a statement from the company read on Wednesday.
Some Poker Players Benefit from Full Tilt Poker Ponzi Scheme
A handful of folks claim to have benefited from the Full Tilt Poker ponzi scheme that was revealed by the US Attorney in the Southern District of New York last week. Adam Levy, a 26-year-old from New York is one of them.
He told the Wall Street Journal this weekend that, upon trying to transfer funds to what was once the world’s second largest Internet poker room, he quickly turned $150 into $9000 before the money was even verified in his account. Turns out, that money was never verified in his account.
America’s Card Room Provides New Online Poker Site for US Players
Customers Will Sadly Get Little in Any Full Tilt Poker Deal
Whether an acquisition or a U.S. Government deal, Full Tilt Poker customers stand a very slight chance at this point of receiving their entire funds from the beleaguered online poker company, assuming history is a parameter.
While it is true that customers of the online gambling payment firm Neteller ultimately received all their monies months after its owners were arrested in 2007, the same did not hold true for customers of BetOnSports.
Laurent Tapie Said to be Part of Rumored Investors Looking to Buy Full Tilt Poker
