At the end of July, four men were arrested in Israel and Florida accused of orchestrating a “pump-and-dump” scheme involving penny stocks and Bitcoins which is believed to have netted them millions of dollars. The fraudulent investments were offered to people across three continents, including Israel, Cyprus, and Russia, with the money laundered and channeled […]
At the beginning of 2015, Full Tilt was the second biggest poker room worldwide, with an average of 1,800 cash game players over a seven-day period, but a little over half way through the year and the site has now slipped down to 8th place on PokerScout‘s ‘Online Poker Traffic Report’, currently averaging just 1,000 […]
From the beginning of this year, multiple states were seen as great candidates to pursue internet gambling expansion, especially Pennsylvania and California. In fact, these two states were widely considered the frontrunners in the race to become the country’s next legalized iGaming states, although other states such as Washington, Massachusetts and New York were also […]
In 2009, Playboy was losing money until Scott Flanders was appointed the company’s new chief executive officer and managed to turn around the business by creating a more elevated lifestyle model for the Playboy brand, whilst also making Playboy “primarily a licensing business”. The same year Flanders joined the company, the Unlawful Internet Gambling Enforcement […]
The World Poker Fund Holdings (WPFH) was formed earlier this year with the assistance of chief backer US rapper Soulja Boy (photo), and has the stated mission of helping develop the poker industry by making the game more entertaining and accessible to the general public. This week, the company subsequently hired online gaming law expert, […]
In 1988, just Nevada and New Jersey offered casino gambling in the US, but today that number has risen to 43, or 86% of all the states in the country. Pennsylvania is one of them, and in 2007 the state opened seven casinos which brought in $1.4 billion during their fiscal year of operations, and […]
While New Jersey’s online poker market continues to disappoint, the state’s online casinos are doing rather nicely and on Monday their numbers grew further after MoheganSunCasino.com launched under the iGaming license of Resorts Casino Hotel. The new online casino has currently moved into a soft-launch phase while a number of services are tested, including geo-location, […]