Gambling News
Poker Pros Overjoyed by News of Full Tilt Poker PokerStars Settlement Agreement
One of the best days of the year for poker players, and this might very well be an understatement, as the US Government confirmed news reported Friday night that Full Tilt Poker customers will finally be paid what has been owed to them for more than a year now.
PokerStars Will be Allowed to Operate in US Once Again
As part of a settlement agreement reached with the US Government on Tuesday, PokerStars has agreed to pay all players owed by Full Tilt Poker living outside the US. The United States Government will arrange for players within the US to be paid what they are owed. PokerStars will take over the assets of Full Tilt Poker.
PokerStars Official Release re: Acquisition of Full Tilt Poker, Players to be Paid
ONCHAN, ISLE OF MAN – July 31, 2012 – PokerStars today announced that the Company has reached a settlement with the U.S. Department of Justice (DOJ) Southern District of New York. As part of the settlement agreement, PokerStars has also acquired the assets of Full Tilt Poker, and has committed to the full reimbursement of Full Tilt Poker customers outside the United States.
Official Release: Full Tilt Poker Concludes Transaction with PokerStars
Dublin, Ireland – July 31, 2012 - Full Tilt Poker is very pleased to announce the conclusion of a three-way transaction with PokerStars and the United States Department of Justice that will result in all of its players having the opportunity to be paid. The agreement ends the company’s civil forfeiture proceedings with the U.S. Department of Justice.
Specific Details of Full Tilt Poker, PokerStars Deal with US Government Now Public
As confirmed by Gambling911.com on Friday, PokerStars has been granted permission by the US Government to acquire the assets of Full Tilt Poker and ensure all players be paid. Attorney for Full Tilt Poker Jeff Ifrah has confirmed to Gambling911.com the report appearing on DiamondFlush.com.
Class Action Case Against Full Tilt Poker: Lead plaintiff Judy Fahrner
Information related to a class action suit against Full Tilt Poker (lead plaintiff Judy Fahrner) was presented by the Courthouse News Service. This complaint was filed out of St. Claire County Court, Illinois.
The complaint alleges that Full Tilt Poker companies took more than $443.8 million from players' accounts from April 2007 to April 2011
Breaking News: US Government to Take Control of Absolute Poker Assets
The US Government on Tuesday July 31, 2012 requested that the Court grant custody of all Absolute Poker assets. Presumably players would be paid at least a partial amount of monies owed provided they filed an action with the US Justice Department.
US Attorney in the Southern District of New York Preet Bharara filed the motion.
Case 1:11-cv-02564-LBS on PACER:
Full Tilt Poker Defendant Nelson Burtnick on Plane Heading to NYC: Expected to be Arrested
A second defendant associated with the so-called “Black Friday” indictment against shuttered online poker firm Full Tilt Poker, Nelson Burtnick, is on a plane heading to New York City, Gambling911.com has confirmed Tuesday morning. Burtnick is expected to be arrested upon his arrival.
Burtnick is on United Airline flight 23 from Dublin to Newark! Landing at 10:58 (July 31, 2012).
Greg ‘Fossilman’ Raymer Wins 200th Episode of Heartland Poker Tour
Heartland Poker Tour producers promised players and fans an exciting tournament for the 200th episode of the nationally-televised poker show, and Route 66 Casino Hotel in Albuquerque did not disappoint. Greg “Fossilman” Raymer, 2004 World Series of Poker Main Event Champion, stole the show, advancing to the Final Table as the chip leader and leaving as the champion with $71, 875.
Poker Pro Ryan Young Killed in Car Accident
Torrance, California poker pro Ryan Young (seen here in this photo appearing on PokerNews.com) has passed away following an automobile accident. Additional details were not immediately known at press time.
Shuffle Master Receives License by Nevada to Offer Real Money Online Poker in State
Shuffle Master has received a license by the Nevada Gaming Commission for interactive gaming.
This license will allow Shuffle Master to be a business-to-business partner with land-based casino operators in order to provide online poker games in addition to play-for-fun versions of its world-renowned proprietary table games, such as Three Card Poker, Ultimate Texas Hold'em, and Fortune Pai Gow Poker.
Lock Poker Increases its Online Poker GTDs to 110k and 80k
Great news for online poker players as Lock Poker has just increased their Sunday GTD's from 100k to 110k and Their 65k super stack to 80k.
Lock Poker recently boosted its customer service staff in order to accommodate the massive surge in customers as a result of starting its own network, The Revolution Gaming Network.
The site is also adding new payment methods both for deposits and withdrawals.
Ireland Olympic Athlete Under Investigation for Betting on Rival to Win
Graham Dunbar
The Associated Press
LONDON—The Ireland Olympic team is investigating allegations that one of its athletes cashed in bets on an opponent to win at a pre-London Games event.
The Olympic Council of Ireland confirmed reports Saturday that an athlete made a $4,800 profit on the wagers, and withdrew $4,435 in cash from an account with a gambling operator.
“At the moment, it is between the Olympic Council of Ireland legal department and athlete’s counsel,” team spokesman Jack McGouran told The Associated Press by telephone.
Massachusetts Governor to Sign Casino Tribal Pact
BOSTON (AP) Massachusetts Gov. Deval Patrick is set to give final approval to a tribal casino compact with the Mashpee Wampanoag tribe.
Patrick on Monday is set to sign the compact, which promises the state 21.5 percent of gambling revenue if the tribe succeeds in developing a resort casino in Taunton.
Ladbrokes Cuts Head of Products Trading Richard Ames as Company Struggles
The United Kingdom’s second largest bookmaker, Ladbrokes, has released Richard Ames, Head of Products Trading, in what appears to be a major transitional period for the company. Ladbrokes said he will remain on the board for now but that he "has ceased to perform his executive duties with immediate effect."
Chili Poker CEO Big News Coming This Week: Zynga Puts Blame on Facebook for Losses
Looks like Chili Poker's CEO is about to make an exciting announcement this week. It's not about Chili Poker, per sey, Alexandre Dreyfus tells Gambling911.com, but rather a new venture he is involved with. Dreyfus sold the Chili Poker database to Poker770 back in March and the technology to Bally Technology in April.
Alexandre Dreyfus @alex_dreyfus
ready for a new venture related to #Poker - more news soon.
Frustrated US Online-Poker Players Bet on Costa Rica
By TIM JOHNSON
McClatchy Newspapers
JACO BEACH, Costa Rica -- From his oceanfront balcony, Tyler Forrester glanced out at the Pacific surf on the beach. Palm trees rustled in the breeze.
"Tough life I'm living," Forrester said, cackling at his own humor.
Irish Sailor Peter O'Leary Subject of Gambling Probe
(Reuters) - Peter O'Leary, his face largely obsured by a black-hooded top and dark glasses was whisked past waiting reporters in the mixed zone at the Olympic sailing venue at Portland, close to the English seaside town of Weymouth.
The sailor, still wearing his wetsuit, made no comment when asked about the betting probe, after making a strong start in racing in the heavyweight Star class.
However, James O'Callaghan the Irish sailing team's performance director told reporters shortly afterwards: "The issue is sub-judice so we have no comment to make."
Estrellas Poker Tour San Sebastian 2012 Final Table Determined
The Final Table for the Estrellas Poker Tour San Sebastian 2012 has been determined with all but one player coming to us from Spain.
Lucian Tofan, a 22-year-old PokerStars.com online qualifier will be representing his native Romania.
Today’s eight finalists – all eying up a first prize of € 65.800 - are as follows:
Borja Gonzalez Urteaga, 24, Bergada, Donosti, Spain, 1,310,000 chips
Emilio Jose Beldarrain Oleaga, 25, Bilbao, Spain, 788,000 chips
Romney Obama Neck and Neck in Nevada: President Still Favored at 1-2 Odds
LAS VEGAS – (Associated Press) - They're called "the cooler crowd," and Las Vegas is greeting them with ambivalence: A stream of post-recession tourists ready for fun but watching their wallets.
[Obama was coming in at 1-2 odds to take Nevada while Romney was at 8/5 odds at Sportsbook here]
Eolis: Full Tilt Poker Software to Re-launch in November
As reportedly Friday, Gambling911.com has independently confirmed that PokerStars will be given the green light to move ahead and purchase shuttered Full Tilt Poker following a settlement arrangement made with the US Attorney in the Southern District of New York. This deal also includes the payment of Full Tilt Poker players who have been owed monies for more than a year now.
I Say ‘Punta!’ You Say ‘Cana!’ –Punta Cana Poker Classic Just Around the Corner
This Poker Festival has been designed to make sure everyone plays poker yet still has time to enjoy a holiday.
Breaking News: Full Tilt Poker Players to be Paid in Full, US Attorney Grants Deal
Gambling911.com has confirmed that a deal for PokerStars to acquire Full Tilt Poker has been given approval by the US Attorney’s in the Southern District of New York. An announcement was forthcoming perhaps as early as next week from the US Attorney’s Office and US Attorney Preet Bharara, who has made it a top priority to ensure that affected customers of Full Tilt Poker be made whole.
Preet Bharara Receives ‘Person of Year’ Award Ahead of Positive Full Tilt Poker News (Video)
US Attorney for NY Southern District Preet Bharara recently received the India Abroad Person of the Year Award.
India Abroard is a New York City-based newspaper founded by Gopal Raja in 1970 and is the oldest magazine in the United States focusing on Indian-American affairs.
Since 2002, the publication has been honoring Indian-American achievers at the annual India Abroad Person of the Year award ceremony. Past winners include PepsiCo CEO Indra Nooyi and Nobel Prize winner Venkatraman Ramakrishnan.
Maryland Governor O'Malley Calls for Special Session in August re Gambling Expansion
By BRIAN WITTE
Associated Press
ANNAPOLIS, Md. - Gov. Martin O'Malley has called for a special session to expand gambling in Maryland to begin in about two weeks.
O'Malley said at a news conference Friday in Annapolis with House Speaker Michael Busch and Senate President Thomas V. Mike Miller that the session will begin on Aug 9. O'Malley says expanded gambling will create more revenue and jobs for the state.
Paddy Power ‘London Olympic-like’ Ad Can Stay: Locog Furious!
Online gambling houses are not permitted to advertise or associate themselves in any way with the London Olympics, but that didn’t stop the creative folks over at Paddy Power, the UK’s third largest bookmaker, from trying.
The advert, featured prominently at London, England train stations, proclaimed that Paddy Power was “The Official Sponsor of The Largest Athletics Event in London This Year”
Genting Singapore Shares Fall to 2-Year Low
(Reuters) - Shares of Genting Singapore GENS.SI fell as much as 2.3 percent to its lowest in nearly two years, after rival Las Vegas Sands' LVS.N second-quarter earnings miss raised concerns over the Singapore casino operator's results.
By 0222 GMT, Genting shares were 1.6 percent lower at S$1.26, with 30.2 million shares changing hands, compared to its full-day average volume of 35.2 million shares over the last five sessions.
Beth Shak Goes on ‘The View’ and Full Tilt Poker Questions Are Out of Bounds
America had a chance this week at hearing some insight into the Full Tilt Poker fiasco from an insider, but the clueless women of "The View" TV show dropped the ball and instead focused exclusively on footwear.
Defendant in ‘Black Friday’ Online Poker Case Gets 3 Years Prison Sentence
A defendant involved in processing millions of dollars in payments for three online poker rooms in the US has been sentenced to three years prison.
Ira Rubin pleaded guilty in January to money laundering, bank fraud and other gambling offenses. He faced up to 55 years in prison, however, prosecutors recommended 18 to 24 months.
Rubin was indicted along with 10 others in April 2011. Four of those named in the indictment still remain at large.
Tribes Want Federal Government to Stop States From Legalizing Online Gambling
WASHINGTON — (Associated Press) - With some states readying to start online gambling, Native American tribal leaders are calling on the federal government to step in as it did with brick-and-mortar gambling and establish regulations that ensure tribes get a piece of the action without having their revenue taxed and their sovereignty compromised.
