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Texas Representative Joe Barton has proposed a bill that is currently under review in the House. Barton has stated that Internet poker is not a crime but a game of skill and it should not be outlawed.
Read More: Legislators Still Hopeful That Online Poker Will Be Legalized in US
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The July 10 update from the parent company of PartyPoker alludes to “continued pressure” in the online poker marketplace as being the result of the launching of Zoom Poker, which has taken a huge chunk of the fast-fold Internet poker market.
Read More: Zoom Poker Causes Decrease in Revenue for Bwin.Party
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Have you ever been dealt a Royal flush when playing online poker? Well, Sky Poker on average see one Royal Flush for every 318,000 hands dealt. This equates to about one every two days.
But now Sky Poker is challenging the poker community to hunt for those elusive Royal Flushes to potentially win a seat in the SPT Grand Final!
Read more here: Race to the Royal Flush Starts Now - PR Newswire - The Sacramento Bee
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The New York Post reports LST Financial is forfeiting $6.27 million after a nationwide crackdown on internet gambling. LST reportedly moved money tied to three illegal gambling websites. In federal court papers the company admitted no wrongdoing.
Read More: San Antonio online poker deal|WOAI: San Antonio News
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“Internet poker isn’t a crime, it is a game of skill and it shouldn’t be outlawed,” said Rep. Joe Barton, R-Texas.
His bill would establish a program overseen by the Department of Commerce for state licensing of internet poker. Barton says it gives states power to decide whether or not to allow internet poker within their borders and a share of any revenue generated.
Another bill make the Secretary of the Treasury responsible for the licensing of Internet gambling activities. Both bills are currently languishing in committee in the House.
Read More: www-fdlreporter-com/article/20120713/FON06/307120068/News-Analysis-Lawmakers-remain-optimistic-about-legalizing-online-poker?nclick_check=1
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Read More: Poker-Edge No Longer Provides PokerStars Support
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Margins over the next six months are expected to take a knock from the Olympics, which is likely to draw punters towards sports betting.
Read More: Poker and casino pay out for 888 Holdings - Telegraph
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The new site is different than the online poker sites we have known in the past. Players at the site do not compete at the same table against other players. Instead the players will challenge other players by playing at similar tables, not the same one. SkillBet is claiming that this way, players are playing with more skill rather than a skill/chance game.
Read More: New Online Poker Room Opens; Claims to be Legal in US
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The company has been reported to be connected to three illegal gambling sites including PokerStars. The company admitted that they did nothing wrong in federal court papers and according to the settlement the United States government will be returning the funds they held of LST’s accounts that were not connected to online gambling.
Read More: LST Financial To Pay Millions in Online Poker Settlement
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It was a case of all the eights for 888 Poker, as the company´s revenue in the first quarter of 2012 showed an 88 percent year-on-year increase, prompting investment bankers and stockbrokers – Panmure, Gordon & Co. – to upgrade the company´s profit forecast by a staggering 22 percent.
Read More: 888 Poker Revenues up 88 Percent - More to Come!
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Now, he said, is not the time to walk away from his bill to legalize online poker.
It may even be time to go all in.
"Internet poker isn't a crime," said Barton, R-Ennis, whose district includes parts of Tarrant County. "It is a game of skill, and it shouldn't be outlawed."
With the days waning in the congressional session, Barton said he's talking to colleagues, hoping to pass a bill legalizing the estimated $6 billion online poker industry by creating interstate licensing.
Read more here: Joe Barton ups the ante in push for online-poker bill | Elections & Politics | News from...
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Inside the Rio's convention area, Full Tilt and other Internet poker giants commanded spacious luxury suites that were a mix between a cocktail party, corporate meeting room, and players' lounge.
Full Tilt's familiar red-and-black logo dominated the landscape. The suite contained plush sofas, an open bar, free snacks and scantily clad waitresses. Full Tilt's sponsored team of professional poker players - led by Howard Lederer and Chris Ferguson - relaxed in the lounge during breaks between tournament events and away from legions of fans.
Read More: This case has poker world watching - Business - ReviewJournal-com
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At the 2006 World Series of Poker, Full Tilt Poker Chief Executive Officer Raymond Bitar enjoyed the trappings of a gaming industry titan.
Inside the Rio's convention area, Full Tilt and other Internet poker giants commanded spacious luxury suites that were a mix between a cocktail party, corporate meeting room, and players' lounge.
Full Tilt's familiar red-and-black logo dominated the landscape. The suite contained plush sofas, an open bar, free snacks and scantily clad waitresses. Full Tilt's sponsored team of professional poker players - led by Howard Lederer and Chris Ferguson - relaxed in the lounge during breaks between tournament events and away from legions of fans.
Read More: This case has poker world watching - Business - ReviewJournal-com
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Read More: Five Women Remain Going Into World Series of Poker Main Event Day 6 - Poker News Video
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Contrary to an original source, the religion isn’t Judaism. Nash told Card Player that he and his wife are non-denominational Christians who take a day of rest every weekend from sundown Friday to sundown Saturday. “No pleasures of the self,” Nash said.
One of those pleasures was making a deep run in poker’s most prestigious tournament, but Nash is certain of his choice and has no regrets of blinding off his stack of more than 500,000. He busted in 171st for about $45,000, money, he said, that “God has a plan for.”
Read More: Jarrett Nash Explains Decision To Skip Day 5 of World Series Of Poker Main Event
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Wednesdays have gone wild at Bovada Casino. Players can claim their bounty by playing video poker. The bounty consists of cash bonuses and lucky draw prizes. For starters, the Video Poker Wednesday promotion will run on all Wednesdays from June 27 until August 8. A promotional day refers to one Wednesday singly and not to all Wednesdays combined.
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Joining a list of applicants that now numbers roughly three dozen, the owners of the Kentucky racetrack that has hosted the famed Kentucky Derby for 137 years are hoping to receive approval from Nevada gaming officials to offer online poker in the Silver State.
Read More: Churchill Downs Files For Online Poker License In Nevada
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Read More: Roxy Palace Online Video Poker Wins
LST Financial Inc., a San Antonio third-party payment processor, has agreed to forfeit $6.27 million related to proceeds from online poker, according to court papers filed Wednesday. About $212,000 will go to a North Carolina bank to cover its expenses related to processing funds for LST Financial.
As part of the settlement, the U.S. government will return other funds held in LST Financial's accounts that weren't derived from online gambling.
"LST is gratified that the government agreed to return assets unrelated to the PokerStars activities," said Michael Bachner, a lawyer for LST Financial.
Read More: Poker Processing Company, U.S. Reach Settlement - WSJ-com