PartyGaming Former Executive Mitch Garber Joins Harrah’s

Written by :

C Costigan

Published on :

12 April, 2009

Harrah's, which owns the World Series of Poker, has just brought former PartyGaming CEO Mitch Garber on board to head a new company that will handle its online operations. The move has fueled speculation that Harrah's will begin offering online poker.

"They won't in the States yet," a source tells Gambling911.com. "But trust me, it will happen in the next two years."

The news comes following PartyGaming's settlement with U.S. authorities to avoid future prosecution for accepting bets in the States prior to passage of an online gambling prohibition, the Unlawful Internet Gaming Enforcement Act (UIGEA).

PartyGaming has agreed to pay $105 million over four years as part of the non-prosecution agreement.

"The settlement with the DoJ is better than we expected both in terms of the size of the settlement and payment structure. The settlement with the DoJ should mark a point of inflection for the group which can look forward without being anchored by the past," said KBC Peel Hunt analyst Nick Batram.

Christopher Costigan, Gambling911.com Publisher

LeBron James’ Next Team Speculation is Driving Huge Action at Prediction Markets

LeBron James Next Team betting markets have so far generated over $200 million just on Kalshi.

Trial Continues for One Time Exec of Malta's BestPlay Gaming Ltd Charged With Complicity in Journalist Assassination

Trial Continues for One Time Exec Tied to Malta's BestPlay Gaming Ltd Charged With Complicity in Journalist Assassination

Businessman Yorgen Fenech who once had ties to Malta's BestPlay Gaming Ltd is on trial accused of complicity in journalist Daphne Caruana Galizia voluntary homicide and criminal association.

Can't Play With Kalshi From Washington State - WTF?

Judge John McHale of the King County Superior Court said the state showed "a likelihood of actual and substantial injury to Washington consumers from illegal gambling activities" if no injunction (against Kalshi) were issued.

Former DraftKings Las Vegas Employee Arrested

A former DraftKings sports trader, Samuel Silverman, was arrested on felony charges for allegedly conspiring with a Fresno State basketball player to manipulate game statistics for betting purposes.