Gambling News
Dan Henderson UFC Poker Marriage Perfect for Stations Casino Online Poker Plan
The Montreal Gazette this weekend posted an article on Dan Henderson enjoying success at the poker tables. He was slated to fight Mauricio (Shogun) Rua as part of Saturday night’s UFC 139 card. Henderson was a +120 underdog vs. Rua at -150.
Senate Reacts Following Spencer Bachus Insider Trading Allegations
Following a segment that aired on “60 Minutes” claiming Congressman Spencer Bachus (R-Ala.) engaged in insider trading during the height of the financial crisis, Senate Homeland Security and Governmental Affairs Chairman Joe Lieberman (I-Conn.) and panel ranking member Susan Collins (R-Maine) announced Wednesday they will hold a hearing on the issue, which has been stuck in Congress for more than five years.
From TheHill.com:
Full Tilt Poker Customers Would Likely Get Deposits Back Should Deal Go Through
Customers of Full Tilt Poker owed monies since April 15 wait with baited breath as a reported settlement has taken place between the US Justice Department and Groupe Bernard Tapie, the entity looking to acquire Full Tilt Poker. On June 29 the company had its license to operate pulled after it failed to prove the business had sufficient funds on hand to pay players. Two executives of the company were indicted on April 15, charged with money laundering and bank fraud. Three other stakeholders in FTP were accused by the US Government of running an elaborate ponzi scheme. It is interesting
Alfonse D’Amato Comments on Friday Internet Poker Hearing: Responds to Lottery Concerns
Former Senator Alfonse D’Amato, Chairman of the Poker Players Alliance (PPA), the leading poker grassroots advocacy group with more than one million members nationwide, offered the following comments in response to issues raised during today’s House Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade hearing on internet gaming.
Friday Hearing on Internet Poker: Can We Still Control Offshore Gambling Sites?
A November 18, 2011 Subcommittee on Commerce, Manufacturing and Trade hearing discussed the potential pitfalls of legalizing Internet poker in the United States. Issues raised included under age and problematic gambling along with cheating mechanisms. Additional coverage of Friday’s hearing, which concluded at 11:09 am EST could be found on the Gambling911.com website.
But what about the current multi-billion dollar online gambling industry that exists and what’s to stop these operators from continuing to extract business from licensed businesses in the States.
Joe Barton Testifies Before Subcommittee on Legalized Internet Poker (Live Streaming Video)
Texas Republican Joe Barton has drafted legislation that would legalize Internet poker in the US. He testified Friday November 18, 2011 before the Subcommittee on Commerce, Manufacturing and Trade. It was the second hearing on the subject over the past 30 days.
During the testimony, concerns were raised over the vulnerability of Web users who might access an online poker site.
“My experience (with poker players) is they excel in math. Not people who would be taken advantage of or need to be protected,” Barton said.
Internet Poker Hearing November 18 Live Video Streaming
Gambling911.com does have the live streaming video for November 18 hearing to discuss the potential for legalized and regulated Internet poker in the United States.
Witnesses spoke before a House Subcommittee. This is the second hearing held on the subject in just a period of 30 days.
Concerns over under age gambling and the ability for states to opt out were part of the day’s discussion.
This hearing began at 9 am EST.
Watch the video below….
DOJ Spokesperson Denies Full Tilt Poker, Groupe Bernard Tapie Deal for $80m
A DOJ spokesperson, Carly Sullivan responded to a CNN report that was quickly pulled off its site regarding a DOJ deal to allow Groupe Bernard Tapie’s acquisition of Full Tilt Poker: “We have no comment and do not confirm or deny a deal.”
Full Tilt Poker itself later issued a statement that an “agreement between Groupe Bernard Tapie and the Department of Justice have been finalized”, however, FTP has released “misleading” statements in the past.
Delaware Could Offer Single-Game NFL Betting….If It Wanted To
Gambling911.com recently revealed how some gamblers in Delaware have found a loophole in the state law governing NFL wagering, which is legal at the state's three racetracks.
The law doesn't allow bets on single NFL games, just parlays of three NFL games or more.
Barney Frank Urges Spencer Bachus: Take Up Bill On Insider Trading (Video)
Massachusetts Democrat Congressman Barney Frank on Thursday sent a letter to Alabama Republican Congressman Spencer Bacchus urging him to take up a bill that would prohibit members of Congress and federal workers from trading on non-public information that they’ve obtained through their jobs.
A “60 Minutes” report suggested that Bachus engaged in “insider trading” during the height of the financial crisis.
Strange Bedfellows: Jon Kyl and Harry Reid New Internet Gambling Bill
The New York Post is reporting that Republican Jon Kyl and Democrat Senate Majority Leader Harry Reid are working on a new Internet gambling bill. The significance of this cannot be overstated.
PPA Chairman Alfonse D’Amato Testimony Before Senate Committee re: Internet Poker
Former Senator Alfonse D’Amato, Chairman of the Poker Players Alliance (PPA), the leading poker grassroots advocacy group with more than one million members nationwide, today testified before the Senate Indian Affairs Committee on the future of online gaming and its potential impact on Indian tribes.
Oversight Hearing on the Future of Internet Gaming Witness List: Starts 2:15 Nov 17, 2011
The Oversight Hearing on the Future of Internet Gaming: What’s at Stake for Tribes? Witness list appears below.
This is a critical hearing that will take place in the Senate. The Indian Tribes are among the most powerful lobbying groups in DC and they absolutely require appeasement if legalized Internet poker is going to happen in the US.
Already in California, we have seen the Tribes accept the inevitable and soften their stand to work more closely with parties seeking regulation.
Spencer Bachus: 60 Minutes Segment a Hit Job
Alabama Republican Congressman and strong advocate for online gambling prohibition, Spencer Bachus, denied he engaged in any form of “insider trading”. He called a “60 Minutes” segment that suggested otherwise “a hit job”.
The segment aired on Sunday. The reporting was based on a book by conservative author Peter Schweizer called “Throw Them All Out.” Rep. Spencer Bachus (R-AL), the chairman of the House Financial Services Committee, was alleged to have traded stocks after he was told by Treasury officials in September of 2008 of the impending financial meltdown.
Overnight and Weekend Binary Options Funded By Bitcoin Announced at Digibookie
Wholesale sports and financial bookmaker, Digibookie, announced today that it will be offering overnight binary options on all major financial stocks, commodities, and indices to accounts funded by the hot new digital currency, Bitcoin. Until now, Digibookie has catered exclusively to retail credit bookmakers and binary options brokers across the globe. The retail investors have embraced the binary options revolution in a big way.
Muny: November 16 Senate Committee Hearing Excellent for Poker Community
Richard Muny, a Regional Director of the Poker Players Alliance, noted that Thursday’s Senate Committee meeting regarding legalization of Internet poker was a giant step in the process, and perhaps one that came unexpected.
He noted on the Pokerati.com website:
Bachus Back Against The Wall: "I'm not Going to Let People Distort What I Do.”
While much of the attention on an “insider trading” scandal in the Congress has focused on Alabama Republican Spencer Bachus (perhaps rightfully so), this ardent supporter of online gambling prohibition wasn’t exactly alone in his craftiness.
Both Speaker John Boehner and former Speaker Nancy Pelosi also have egg on their respective faces right now following the airing of a “60 Minutes” piece this past Sunday.
Bodog Online Gambling “Great for Kids” Says Jimmy Kimmel (Video)
Appearing on Jimmy Kimmel’s late night show, Dancing With The Stars contestant Ricki Lake referenced her odds of winning DWTS that were listed on the Bodog.com website.
Kimmel gave her a tongue-lashing for promoting the online gambling website.
Two Hearings on Internet Poker Scheduled for This Week
It’s a busy week for the Internet poker sector as two hearings will be held in Washington regarding the legalization and regulation of the activity in the USA. A previous hearing took place last month.
Thursday November 17 there will be a Senate Committee hearing that will focus exclusively on Indian affairs called “The Future of Internet Gaming, What’s at Stake for Tribes?”
Tax Free Poker: 2011 WSOP Champ Pius Heinz Will Keep Entire $8.7 Million
This year’s World Series of Poker champion Pius Heinz will not have to pay any taxes on his $8.7 million in winnings it was revealed on Tuesday. The German player outlasted 6865 players to win the 2011 WSOP last week.
From DailyFinance.com:
Tower Poker Moves to Cake Poker Network: Still Will Not Accept US Customers
Pro-friendly Tower Poker, owned by TowerGaming, has made the move to the Cake Poker Network from Ongame. While Cake Poker accepts US customers, Tower Poker will not be permitting players from the US.
Tower has a reputation for permitting unlimited reload bonuses and VIP promotions while accommodating more high-end players. In recent months, Ongame has focused more heavily on a recreational player base.
Online Poker Traffic Crashes Nearly 8 Percent
The world’s online poker traffic fell a staggering 8 percent this week following the conclusion of PokerStars 70 billionth hand promotion. That site witnessed a remarkable 22 percent rise in overall traffic last week, which helped boost the industry overall to a 12.5 percent rise.
Calls for Spencer Bachus Resignation Following 60 Minutes Insider Trading Report (Video)
He is the most outspoken critic of legalized online gambling while remaining mostly silent on more serious issues like Wall Street insider trading. Now we might know why he has avoided delving into the later subject.
There is a public outcry for the resignation of Alabama Republican Congressman Spencer Bachus following a 60 Minutes report that aired this past Sunday linking him to the receipt of nonpublic information as a means of gaining an edge in the stock market (a la “insider trading”).
Gambling911.com’s Jenny Woo to Have a Girl: And Her Name Will be….
Senior International Correspondent for Gambling911.com, Jenny Woo, has revealed the outcome of her ultrasound. She’s having a baby girl!
Gambling911.com had presented readers with odds on various baby names and Ms. Woo has made her selection.
“She’ll be named Jenna after her Mommy,” Woo said.
“Jenna” is a variation of “Jenny” or “Jennifer”, which was among the favorites. Other favorites included Christopher/Christine, Doyle, James and Sparky.
California and Tribal Casinos Gearing up for Legalized Internet Poker
Two bills have been drafted that would legalize Internet poker in the state of California. Many believe that a regulated Web poker industry in the world’s 8th largest economy could serve as the perfect cure for California’s financial woes.
From VegasInc.com:
Nevada to Begin Granting Internet Poker Licenses
Nevada’s state Gaming Control Board will begin issuing licenses for operation of Internet poker sites beginning in February. The licenses would be granted much faster for those casino firms already holding a gaming license in the state.
Once granted a license, companies would only be permitted to offer online poker within the state’s boundaries in specified settings such as in the casinos and racetracks themselves.
Bettors Will Miss Joe Paterno, In Bowls he was $$$ in the Bank
Say what you want about disgraced fired former Penn State head coach Joe Paterno--gamblers loved him!
Especially when it came to bowl season.
JoePa and the Nittany Lions football team in a post-season game was the closest thing to money in the bank for many a sports bettor for many a year.
So successful in fact was Paterno in bowl games that there was a maxim in college football circles that went: "Give Joe Paterno two weeks to prepare and he can beat anyone."
Gambling911.com Publisher Chris Costigan Quoted in Daily Record re: NJ Sports Betting
Caesar’s Head Gary Loveman: “$5 Billion From Internet Poker in US a Conservative Figure”
Caesars Entertainment Corp. Chairman Gary Loveman, speaking during the company's third-quarter earnings conference call with analysts, said he believed his casino operation would have an Internet poker site up and running within 12 to 14 months of legislation passing in the US. He also balked at the idea that the industry would take in a mere $5 billion.
The Lefty Rosenthal Watch is Being Auctioned Off
If they could auction off John Lennon’s rotten tooth, why not Lefty Rosenthal’s gold watch? The current bid on the watch was just over $4000 with the starting bid actually set at $1.
