Business & Financial

Carbon Poker Player Funds ARE Segregated

It is a concern that has gripped the online poker community ever since US authorities cracked down on the one time second largest online poker company, Full Tilt Poker, exactly one year ago this week.

Are player funds segregated?

Full Tilt Poker’s we came to find out, were not.

Submitted by Aaron Goldstein on, Thu, 04/19/2012 - 18:53

Brent Beckley Sentencing Slated for Today (April 19): Headed Up Absolute Poker

One of the individuals caught up in a massive online poker probe last April was scheduled to be sentenced today (April 19, 2012) after pleading guilty to money laundering and bank fraud.

Brent Beckley was an executive and co-founder of the now shuttered online poker firm, Absolute Poker.

Submitted by C Costigan on, Thu, 04/19/2012 - 10:24

PokerTableRatings Removes PokerStars Profiles After Lawsuit Threat

The following is PokerTableRatings.com notice that they have removed PokerStars player profiles from their database following a threatened lawsuit by the world’s largest online poker venture.

Whether we are providing replays of infamous hot streaks, colossal downswings, finding critical security breaches in poker software clients or publicly outing bot and collusion rings for the sake of game integrity, PokerTableRatings has had a long history of being actively involved in the online poker community.

Submitted by on, Wed, 04/18/2012 - 21:41

Betsson Acquires Nordicbet

Betsson AB (publ) today announced that it has signed an agreement to acquire substantial parts of the business of Nordic Gaming Group plc, which is the owner of the NordicBet, TrioBet and Tobet gaming operations. Once the transaction is approved by competent regulatory bodies, the acquisition will be finalized in the end of second quarter 2012.

Betsson is one of the largest Scandinavian online gambling firms offering a wide range of first-class online gambling products and games in a safe and user-friendly gaming environment.

Submitted by Aaron Goldstein on, Wed, 04/18/2012 - 17:23

Judge Can Now Accept Misdemeanor Plea in Online Poker Case

A federal judge has confirmed he is prepared to accept a guilty plea from John Campos, one of the men indicted in April of 2011 for handling transactions on behalf of three online poker rooms including Full Tilt, PokerStars and Absolute Poker.

Submitted by C Costigan on, Wed, 04/18/2012 - 16:04

Americas Cardroom Received an ‘A’ for Online Poker Payouts

Poker Affiliate Solutions has graded Americas Cardroom online poker room with an ‘A’ for its payouts.

Submitted by on, Wed, 04/18/2012 - 12:03

Laurant Tapie Named Director, Secretary of New Full Tilt Limited: Invests €1m in Poker Firm

The Full Tilt Poker saga continues with the registration of a new Irish company: New Full Tilt Limited, for which Adidas savior Laurent Tapie has invested a reported €1m.

Submitted by Ace King on, Wed, 04/18/2012 - 10:35

Liberty Quarter Million Online Poker Tournament Winner Crazymichael1 Talks to G911

This past weekend’s Americas Cardroom Liberty Quarter Million online poker tournament grand prize of $50,000 was won by a New Jersey player who just barely made the cut as one of the last two qualifiers in the final satellite.

Submitted by C Costigan on, Tue, 04/17/2012 - 22:23

Bernard Tapie’s Fingerprints Now All Over Full Tilt Poker Company Registration

Several months after it was announced Group Bernard Tapie was to acquire shuttered Full Tilt Poker, Tapie’s name now appears on the company’s registration.

From CalvinAyre.com:

Submitted by Ace King on, Tue, 04/17/2012 - 21:00

Some Strange Occurrences at Full Tilt Poker: All Systems Currently Operational

A frenzy of activity is taking place over on the Full Tilt Poker website, not that it matters much when players are waiting more than a year to get paid.

A systems status report featured a green light with the message: “all systems are currently operational”.

From Poker News Report:

Submitted by Ace King on, Tue, 04/17/2012 - 11:40

Investors Unnerved by Playtech Planned Acquisitions: Shares Fall

(Reuters) - Playtech, the world's biggest provider of online gaming software, plans a string of acquisitions as it branches out into the social gaming market but news that it will be buying the businesses from its main shareholder unnerved investors.

The Estonia-based firm said on Tuesday that it planned to spend 95 million euros ($124.1 million) buying assets owned by Israeli billionaire Teddy Sagi who founded Playtech and still owns a 48 percent stake in the company.

Submitted by on, Tue, 04/17/2012 - 10:39

Purple Lounge Parent Media Corp Looks to Acquire The Poker Channel

Media Corp, parent company to the popular online gambling venue Purple Lounge, is looking to take over The Poker Channel parent company Gaming Media Group (GMG), it was reported on Tuesday.

Media Corp suspended its shares and issued a statement to the London Stock Exchange Tuesday morning upon announcing its plans.

The Poker Channel launched in 2005 and is seen in the United Kingdom and across 30 territories with a reach of 30 million subscribers. Most recently, the channel signed on to air programming in France, Mexico and Argentina.

Submitted by Aaron Goldstein on, Tue, 04/17/2012 - 10:11

Income Access Network Launches Kaffiliation and Sklots.com

Income Access network, one of the top online affiliate programs in the world and one that caters to the online gambling sector, has launched its newest affiliate platform - Kaffiliation!

Submitted by on, Tue, 04/17/2012 - 09:57

iPoker Pulls Away With Number Two Spot for Most Trafficked Online Poker Room

The iPoker Network has remained on top, assuming we were to remove PokerStars from the equation. For the better part of nearly 5 months, PartyPoker has held a tight grip on the number two spot of most trafficked online poker rooms in the world. During the month of March, iPoker has regained the position and currently holds a 200 to 250 on average real cash player lead over Party.

Submitted by Aaron Goldstein on, Tue, 04/17/2012 - 09:49

PokerStars Takes Legal Action Against Poker Table Ratings

PokerStars, the world’s largest online poker room for real money play, has reportedly filed a legal action against the website PokerTableRatings.com.

Submitted by Ace King on, Mon, 04/16/2012 - 21:02

LowVig.com announces the acquisition of online sportsbook Bet Vegas Vic

Reduced-juice sportsbook welcomes their newest members with unrivaled sports betting value and generous rebates

On Monday morning reduced juice sportsbook LowVig.com finalized the acquisition of competitor BetVegasVic.com.

Submitted by on, Mon, 04/16/2012 - 11:53

Hollywood Casino Columbus Hiring 600 Dealers

Calling all dealers in and around the Columbus, Ohio area. There are job openings for 600 dealers at the Hollywood Casino in Columbus. Full time and part time employment opportunities are available.

Submitted by Aaron Goldstein on, Fri, 04/13/2012 - 18:39

New York Underground Poker Clubs: Former Waitress Reveals ‘Turn Down the Cleavage’

If you haven’t read it already, the DailyBeast.com presented an excellent account from a former waitress as to the inner workings of New York’s notorious underground poker rooms.

Underground poker rooms are venues not operating in accordance with state gaming laws that typically do not profit from the actual poker games but rather blackjack or craps played on the side.

Submitted by Patrick Flanigan on, Thu, 04/12/2012 - 22:16

NFL Lifts Ban on Casino Ads for Two Years

The National Football League on Thursday announced it will lift a ban on teams advertising at casinos for a two year period.

This was taken from ProFootball Talk’s Mike Florio:

Submitted by Aaron Goldstein on, Thu, 04/12/2012 - 20:49

Sources: UB.com, Absolute Poker Resolution With US Justice Dept. Close to Finalized

PocketFives.com on Thursday reported that UB.com and its sister online poker site, AbsolutePoker.com, are close to finalizing a resolution with the US Justice Department that could see affected customers paid, at least partially.

Submitted by C Costigan on, Thu, 04/12/2012 - 17:56

Online Poker Payouts: Carbon Sees Fastest Check Processing in Over a Year

Good news on the online poker payouts front as Carbon Poker customers have reported receiving checks in record time.

Submitted by Ace King on, Wed, 04/11/2012 - 19:44

Tribes Hold the Cards in California Online Poker Effort: New Jersey Racing to be First

The odds of New Jersey legalizing online poker first is much greater than California doing so and the San Francisco Chronicle’s Demian Bulwa does a superb job of laying out the reason why.

Bulwa doesn’t draw comparisons between the two states but rather offers the various obstacles standing in the way of California's efforts.

Submitted by Jagajeet Chiba on, Wed, 04/11/2012 - 13:19

Commission Junction Drops Covers Experts: The Casualties of War

The sports handicapping “war” shows no letup even if both sides seem a bit apprehensive in terms of releasing critical information.

It began when Management sources within PreGame.com advised Gambling911.com that rival Covers had provided its handicappers with an ultimatum heading into this year’s March Madness: “Leave Pregame or leave us”.

Submitted by C Costigan on, Tue, 04/10/2012 - 22:40

Nevada Gambling Revenues Up 5.7 Percent in February: Online Poker Traffic Sees Gain

Good news for both the Las Vegas gambling and online poker sectors as both reported gains.

Gaming Control Board officials announced on Tuesday that Nevada gambling revenues were up 5.7 percent with Las Vegas Strip casinos seeing a 3.3 percent surge.

Overall revenue generated included $932 million in the state and $531 million from the Vegas Strip casinos.

Submitted by Aaron Goldstein on, Tue, 04/10/2012 - 12:24

Inquirer: Odds Improve for Atlantic City Internet Gambling

The Philadelphia Inquirer on Tuesday featured an article on the prospects of Internet gambling in Atlantic City.

Submitted by Aaron Goldstein on, Tue, 04/10/2012 - 11:32

Wicked Ways: Even Witchcraft Can’t Save the Epic Poker League

The Salem witch trials were a series of hearings and prosecutions of people accused of witchcraft in Colonial Massachusetts, between February 1692 and May 1693.

The most infamous trials were conducted by the Court of Over and Terminer 1692 in Salem Town.

Submitted by Ace King on, Tue, 04/10/2012 - 11:16

Instant Banking for Online Gambling Could Return to US Soon

There may be a new payment processor in town for those in the US online gambling community.

ADI-News.com has reported on the merger of two big name payment processors, Mazooma and BigPoint.

From ADI-News.com:

Submitted by Aaron Goldstein on, Mon, 04/09/2012 - 21:14

Epic Meltdown: Poker League Now $8 Million in the Hole

The disastrous Epic Poker League is sinking faster than the Titanic, minus the life rafts.

CardPlayer.com reports that EPL’s parent company’s bankruptcy filing lists liabilities of $8 million, not the $5 million previously asserted.

The company managed to earn just $37,052 in income over a 14 month period while racking up $7,892,242 in total liabilities, CardPlayer.com noted.

Submitted by Aaron Goldstein on, Mon, 04/09/2012 - 14:49

Maryland Now Allows Gambling on Fantasy Sports: Life Behind Bars for Booking NFL Games

As Bodog Founder Calvin Ayre, 50, faces more than 25 years behind prison for running one of the largest online sports betting enterprises and targeting residents of Maryland, that state has just begun allowing wagers on fantasy sports. Exceptional timing!!! We can't make this stuff up even if we tried.

Submitted by Jagajeet Chiba on, Mon, 04/09/2012 - 12:25

Will Online Gambling Really Discourage People From Visiting Atlantic City?

An opinion piece in the Bergen Record suggests that the legalization of online gambling in the state of New Jersey (looking more inevitable by the day) may do more harm than good. In particular, online gambling could serve to actually discourage people from visiting Atlantic City.

Submitted by Aaron Goldstein on, Sun, 04/08/2012 - 14:33