Archive for 2013

CEO of PokerStars Agrees to Pay $50mm to United States Government

CEO of PokerStars Agrees to Pay $50mm to United States Government

Over two years after Black Friday rocked the online poker world to its foundation, legal developments relating to the event continue to emerge. The latest development: PokerStars CEO Mark Scheinberg has reportedly struck a deal with American authorities. Basics of the settlement The agreement between Mark Scheinberg and the...
June 12th, 2013 By Shane Larson
New Federal Bill Seeks to Regulate U.S. Online Gambling

New Federal Bill Seeks to Regulate U.S. Online Gambling

New York Representative Peter King introduced a long-anticipated federal bill to regulate online gambling this week. The bill, entitled The Internet Gambling Regulation, Enforcement, and Consumer Protection Act of 2013, would permit every type of online gambling except for sports betting. That means poker, casino, lottery and bingo – along...
June 8th, 2013 By Lucy Brown
New Jersey Regulators Let Casinos Pass on Google Glass

New Jersey Regulators Let Casinos Pass on Google Glass

Google Glass isn’t even available to the public yet, and already the list of places where you won’t be able to wear them is growing by leaps and bounds. The latest entrant to the cadre of establishments that won’t permit you to wear Google Glass within their property: New...
June 6th, 2013 By Shane Larson
Online Poker Pushes Fail in Illinois and Massachusetts

Online Poker Pushes Fail in Illinois and Massachusetts

Two of the brighter hopes for proponents of regulated American online poker fell short in recent days as initiatives to bring regulated online poker to Illinois and Massachusetts failed to gain the necessary support for passage. Illinois declines to reintroduce the issue of online gambling We saw a strong...
June 4th, 2013 By Stephen Smith
Sources Report Little Progress in Full Tilt Repayment Process

Sources Report Little Progress in Full Tilt Repayment Process

Less-than-encouraging news for former customers of Full Tilt Poker from the U.S., as sources indicate that the process of returning bankrolls to customers is stuck in something of an administrative limbo. US player balances a part of PokerStars settlement Before the latest updates on the situation, a quick bit...
May 27th, 2013 By Stephen Smith
Market Makers Confident in Online Gambling’s Ability to Boost Atlantic City Action

Market Makers Confident in Online Gambling’s Ability to Boost Atlantic City Action

The consensus of Wall Street analysts appears to be that online gambling is a bet with a big potential payoff for New Jersey. A number of the top gambling analysts were assembled at the East Coast Gaming Congress last week to offer their assessment of how online gambling will...
May 27th, 2013 By Lucy Brown
Political Battle Brewing Over New Jersey Online Gambling Revenue

Political Battle Brewing Over New Jersey Online Gambling Revenue

Even as New Jersey works steadily toward their goal of launching regulated online gambling in 2013, a growing controversy is taking shape at the state capital. That controversy pits the administration of Governor Chris Christie against not only independent budget analysts, but also Democrats in the State House and Senate. The...
May 26th, 2013 By Charles Washington
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