Gambling News
53 Percent of California Residents Would Vote for Legalized Online Poker
A poll conducted last month revealed that 53 percent of California voters would side with legalizing online poker. The state legislators were forced to can a vote on legalizing the activity after it was determined there would not be enough time on the current year calendar for a vote.
State Sen. Lou Correa, who sponsored the legislation, explained the benefits of having California as a hub for Internet poker.
"In terms of the revenue potential for California, it could be explosive. What we need to do now is cut a deal."
- Ace King, Gambling911.com
Another Big Parlay Payout at BetDSI.com
The popular online sportsbook BetDSI.com has confirmed to Gambling911.com that it has paid out yet another massive parlay (ticket can be seen below).
“We had another big winner this past weekend as a guy hit a 12 team parlay risking $150 to win $150,000,” a BetDSI.com representative informed G911.
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.”
ESPN Magazine Asks: How Often Do You Hear About Betting Odds?
ESPN Magazine had a great little piece about how often folks from various sports sectors hear about betting odds and point spreads mentioned.
On a scale of 1 to 10, the respondents in the poker, NFL, NBA and International football (soccer) claimed to hear about the point spreads most often.
Poker pro Vanessa Rousso: “It’s our culture. Women are always underestimated and I get motivated when I see I’m at 75-1 (odds) in a field of 64 (to win the World Series of Poker)”.
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.
Defense Attorneys for Man Named in Full Tilt Poker Case Say Poker is not Gambling
The defense attorneys for a Utah banker and businessman indicted as part of a probe into the online poker firm Full Tilt Poker are trying to convince a federal judge that playing poker on the Web is not a form of gambling.
Lawyers filed their arguments in a Manhattan federal court on Friday and Monday in hopes of having charges against their clients John Campos and Chad Elie dismissed.
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 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.
Canadian Gaming Association Welcomes Changes to Allow Enhanced Sports Wagering in Canada
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.
Online Poker White House Petition Meets Goal in Less Than One Week
The Obama Administration asked those with ideas to boost the US economy to take part in a petition drive. Any petition with 5000 signatures would automatically be reviewed by the White House for inclusion in an upcoming jobs bill.
Well, in under a week (3 days to be exact), those 5000 signatures were gathered.
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.
Nevada Moves Forward With Online Poker
Lawyers, consultants and gaming industry representatives packed a room in Carson City, Nevada on Monday to discuss that state’s move forward to legalize online poker.
Regulations were released just over a month ago and this group was looking to make a few changes that will allow Nevada to become the hub of Internet poker in the US once federal legislation is passed.
"I think we have a solid foundation for regulations," board Chairman Mark Lipparelli said.
Famed G911 Reporter, Former Colts Cheerleader Lisa Perry Wants Your Vote
Our good friend Lisa Perry will be competing in an upcoming fitness contest here in our stomping grounds of Miami Beach, Florida. Ms. Perry once served as a writer for the Gambling911.com website and was captain of the Indianapolis Colts cheerleading squad.
The event is the 2011 NPC National Bodybuilding Championships, scheduled November 18-19. Come on down and support our girl Lisa!
How did you get in to the fitness industry?
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.
Today’s Full Tilt Poker BS or Not: We Weren’t Running a Ponzi Scheme
Even though the US Attorney’s Office out of the Southern District of New York has declared Full Tilt Poker a “ponzi scheme”, the powers-that-be at the now shuttered online poker company say otherwise, going as far as to issue a press release condemning the US Attorney’s accusations.
In today’s installment of Full Tilt Poker BS or Not, Gambling911.com reviews their latest statement. As Anderson Cooper of CNN would say, “We’re keeping them honest”.
Bodog Claims PokerScout Tried Extorting Company Out of One Million Dollars
The CalvinAyre.com website on Tuesday reported that PokerScout.com founder Dan Stewart attempted to blackmail Bodog Poker. Pay $1 million or remain on the PokerScout.com website, the CalvinAyre.com website alleges.
The news portal making the allegations is owned by Calvin Ayre, who just happens to be the founder of Bodog.
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.
