Author Topic: POKER/GAMBLING NEWS  (Read 180800 times)

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Re: POKER/GAMBLING NEWS
« Reply #375 on: February 21, 2012, 07:12:24 PM »
Iowa Online Poker Legalization In Progress

Senate committee forwards through Danielson bill for further consideration

Iowa state Senator Jeff Danielson managed on Monday to fast track his online poker legalization bill SSB3164 through a key senate sub-committee despite fears that the President's Day holiday would delay the process. The three member Senate panel forwarded the bill through for further consideration by the Senate State Government Committee with a possibility to review it as early as this Wednesday.

Since prohibition has failed in other areas and the nations, the preferred approach is to bring an illegal betting activity (estimated at between $30 million and $100 million annually) under state regulation in order to protect Iowans and clear away underage play.

The legislation that Danielson proposed would authorise the creation of an online poker network and provide a regulatory structure, as well as allow intrastate, interstate and international arrangements by common consent. Poker sites would operate under the state’s current gaming fee structure, and competing hub operators would be able to partner with state-licensed casinos under the control of the state Racing and Gaming Commission to operate affiliated online sites for registered players aged 21 and older who are within Iowa’s borders at the time they are playing.

Danielson pointed out that out-of-state residents would be able to go to an Iowa casino, establish an account and play during the time they are in Iowa. In support of this proposal a Democrat Senator Wally Horn said “We have it out there. It needs to be controlled.” Republican Sen. Rick Bertrand agreed, saying: "I see this as an opportunity for Iowa to get out in front of this.”

Wes Ehrecke of the Iowa Gaming Association said his members are generally supportive of the concept, especially if there is no exclusivity offered to one hub operator. The group would like passage of a federal law to address online gaming from a national perspective but if not, it prefers a plan to allow Internet poker on the casinos’ “platform,” regulated by the state commission and with reciprocity to enter into partnerships with Nevada, the District of Columbia and other states that may choose to legalize the pastime.

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Re: POKER/GAMBLING NEWS
« Reply #376 on: February 22, 2012, 05:21:34 PM »
Coincidence!

Server Crash Could Cost PokerStars a Lot of Money


Server malfunctioned while over 70 000 players were on-site

According to the latest reports from online poker giant PokerStars, the company saw its servers crash on Feb. 21, while some 70 000 players were active on the site – many of which will need to be compensated. It has been specified that the company’s new iPad service also suffered the blow.

Many players were in the middle of the game when the glitch shut them out, disabling all access to hand histories and other information and facilities.

So far, players have been contacted by PokerStars, which titled its email "Server Issues" and informed its customers that it is "....currently experiencing some problems with players logging in, creating accounts, and accessing the cashier, among others."

In the same email, the company advised players 'materially' prejudiced by the failure to email its support with their details in order to receive refunds, assuring them that the problem is being dealt with and that they hope it will be sorted out quickly.

How and when will the refunds be calculated, it remains to be seen.

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Re: POKER/GAMBLING NEWS
« Reply #377 on: February 25, 2012, 02:02:26 PM »
Update: Everleaf Finally Offers Explanation

Apologies for lack of communication

After the lack of direct explanation and much speculation about the reasons why Everleaf Gaming (Everleaf Poker Network) decided to abandon the US market, the company has finally issued an official statement regarding the matter.

And despite the reassuring statements by Everleaf skin Luvin Poker, it has been confired that the US Department of Justice has actually seized unspecified funds, which only affects US players.

The statement reads: “As has been reported, certain funds maintained by one of our payment processors to be distributed to U.S. customers were seized by U.S. authorities. To our knowledge, the U.S. authorities seized these funds and blocked the transactions based on purported violations of certain U.S. laws, including operating an illegal money transmitting business, the Wire Act, and money laundering. Evidence relative to the subject can be reviewed from the attached papers.

“Please be advised that this seizure occurred in the United States and only affects U.S. players.

“In view of the above Everleaf will no longer accept U.S. players. None the less Everleaf reiterates and wants to reassure all the effected players that all the funds will be refunded in full and the effected parties will be contacted in a short while accordingly.

“For the other markets we operate in and with regards to all our other players we want to reassure you that nothing has changed and thank you for the continued business with our Company.

“We sincerely apologize for the lack of communication to date, but as a Company we were still trying to find our feet and assessing the situation at hand and how to best protect the interest of all the effected parties.

“Everleaf Gaming”

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Re: POKER/GAMBLING NEWS
« Reply #378 on: February 28, 2012, 12:04:19 PM »
Bodog’s .com Domain Seized by US Authorities

Why engaging Homeland Security in case of a defunct site?

In another, quite inexplicable US enforcement action, the United States that Department of Homeland Security officials have seized the dead .com Bodog domain.

What is quite mysterious in this case is why the authorities decided to engage an anti-terrorist body for a site that has been abandoned long ago by Bodog, which moved to less risky .eu domain. The action is even more unclear having in mind that it will virtually have no practical impact on Bodog franchises around the world.

It has been specified by Bodog that it shut down the domain some time ago; that it now licenses its brand to operators internationally and in agreements outside the USA, and that the seizure has little effect on its operations.

So far, the real implications and reasons for such a move of the US enforcement authorities, which tried to conceal the action with a sealed warrant, are not known. More info will opefully become available in near future.

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Re: POKER/GAMBLING NEWS
« Reply #379 on: February 28, 2012, 12:15:46 PM »
New Applicant for Nevada Online Poker License

NetEffect Networks decides to join the line

The latest addition to the Nevada online poker licenses applications is the one by a Las Vegas-based software developer, NetEffect Networks, which decided to apply for a Nevada online poker Class 2 license.

With the company, the total number of applicants for licences of various descriptions and classes is 19, and they are:

Cantor G&W (Nevada) L.P. — Service Provider

•South Point Poker (Gaughan Straight Holdings) — Operator

•IGT — Manufacturer/Service Provider

888 Holdings plc/888 US Limited — Manufacturer/Distributor/Service Provider

Bally Technologies — Manufacturer/Service Provider

Shuffle Master — Service Provider

Aristocrat Technologies — Manufacturer/Distributor/Service Provider

•Monarch Casino — Operator

Caesars Entertainment — Operator

•Boyd Gaming — Operator

•Fertitta Interactive, LLC — Operator/Service Provider

•Fertitta Acquisitionsco, LLC — Manufacturer/Service Provider

•MGM Resorts Online, LLC — Operator

•ACEP Interactive, LLC — Operator/Service Provider

•NetEffect Networks, Inc — Class 2 Service Provider

Gaming Laboratories International — Independent Testing Lab

•BMM Compliance — Independent Testing Lab

In related news, Wiiliam Hill plc chief executive Ralph Topping told the press that, while the company has applied for a full gaming license in Nevada, it will still keep an eye for the sports betting legalization developments in New Jersey.

"While we are focusing [on Nevada] we better not overlook the move by Gov. Christie in New Jersey particularly to overturn the land-based ban," he specified.

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Re: POKER/GAMBLING NEWS
« Reply #380 on: February 29, 2012, 01:04:40 PM »
US Authorities Raise Charges against Bodog Founder

Ayre and three other Canadians indicted

After the seizure of Bodog’s defunct .com site, a report came from the US that a federal grand jury in Baltimore Maryland has indicted Bodog Entertainment Group along with four Canadians connected to it – one of which is Bodog Brand founder Calvin Ayre, and the other three were identified as James Philip, David Ferguson and Derrick Maloney.

The federal indictment comprises two charges: conducting an illegal gambling business from June 2006 to January 2012, and money laundering conspiracy over the same period. According to the federal prosecutors, the group conspired to pay over $100 Million in sports gambling winnings by bank wire and checks through payment processors located within the United States and spent $42 million of dollars through an unnamed media company to advertise directly to US punters.

It appears that the federal authorities had undercover agents register at Bodog’s .com site from a computer in the State of Maryland, deposit money through an ewallet, gamble on sports and cash out their winnings via check or Western Union withdrawal.

In addition, more info was obtained from a former employee during July 2010, when they named the top directors and explained how the group allegedly operated.

Regarding the indictments, Calvin Ayre, who remains out of the US, stated: “I see this as abuse of the US criminal justice system for the commercial gain of large US corporations. It is clear that the online gaming industry is legal under international law and in the case of these documents is it also clear that the rule of law was not allowed to slow down a rush to try to win the war of public opinion.

“These documents were filed with Forbes magazine before they were filed anywhere else and were drafted with the consumption of the media as a primary objective. We will all look at this and discuss the future with our advisors, but it will not stop my many business interests globally that are unrelated to anything in the US and it will not stop my many charity projects through my foundation. You can also follow this story here on the number one global online gaming news and entertainment site and the only site I will be doing interviews with for the next while…CalvinAyre.”

However, such optimism was not expressed by his co-indictee, Canadian citizen Ryan Lang, who pleaded guilty to conspiracy charges in a Manhattan federal court on Feb. 28.

It appears that he confessed he served as a middleman, helping the poker companies arrange to circumvent U.S. laws meant to prevent banks from processing online gambling proceeds from 2007 to the middle of 2010.

He also stated in his plea that he operated from Canada, helping financial brokers who made false statements to the banks to trick them into processing payments, and on the occasion, he expressed contrition for his involvement and conduct.

For the crime, he could face up to 30 years of prison.

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Re: POKER/GAMBLING NEWS
« Reply #381 on: March 01, 2012, 08:38:33 AM »
On Wednesday, Federated Sports + Gaming announced it had filed for Chapter 11 bankruptcy, a reorganization filing the company hopes will allow them to keep assets like Epic Poker and the Global Poker Index.

What does a chapter 11 bankruptcy mean???
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Re: POKER/GAMBLING NEWS
« Reply #382 on: March 01, 2012, 03:24:42 PM »
I checked out wikipedia and this is what it says:

"When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11.

In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the owners of the company. In Chapter 11, in most instances the debtor remains in control of its business operations as a debtor in possession, and is subject to the oversight and jurisdiction of the court."

Basically, they remain in control of the business.

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Re: POKER/GAMBLING NEWS
« Reply #383 on: March 08, 2012, 05:59:19 PM »
New Applicant for Nevada Online Poker License

Bwin.party joins the growing list

The latest one to join the Nevada online poker license rush is the European online gambling conglomerate Bwin.Party digital entertainment, which has applied for the license this week.

The giant is relying on PartyPoker to get it the license as it cleared its pre-UIGEA slate with the US Department of Justice some time ago.

The current list of 24 applicants for the Nevada licenses includes:

•Cantor G&W (Nevada) L.P. — Service Provider

•South Point Poker (Gaughan Straight Holdings) — Operator

•IGT — Manufacturer/Service Provider

•888 Holdings plc/888 US Limited — Manufacturer/Distributor/Service Provider

•Bally Technologies — Manufacturer/Service Provider

•Shuffle Master — Service Provider

•Aristocrat Technologies — Manufacturer/Distributor/Service Provider

•Monarch Casino — Operator

•Caesars Entertainment — Operator

•Boyd Gaming — Operator

•Fertitta Interactive, LLC — Operator/Service Provider

•Fertitta Acquisitionsco, LLC — Manufacturer/Service Provider

•MGM Resorts Online, LLC — Operator

•ACEP Interactive, LLC — Operator/Service Provider

•NetEffect Networks, Inc — Class 2 Service Provider

•Gaming Laboratories International — Independent Testing Lab

•BMM Compliance — Independent Testing Lab

•BP Gaming Entertainment, Inc. (subsidiary of bwin.party) — Manufacturer/Service Provider

•Spielo International USA, LLC — Manufacturer/Service Provider

•Spielo International Canada, ULC — Manufacturer/Service Provider

•Spielo International Austria GmbH — Manufacturer/Service Provider

•St. Minver Ltd — Service Provider

Boss Media AB — Service Provider

•GNLV Corp dba Golden Nugget — Operator

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Re: POKER/GAMBLING NEWS
« Reply #384 on: March 08, 2012, 06:01:32 PM »
Update: New Talks about Full Tilt Poker

New statements, ‘exclusives’ and rumors

This week has been full of 'informal' statements on Full Tilt Poker, including 'exclusives', executive apologies and ad hoc lawyer comments trying to clarify the situation within the company. But have they managed to clarify it or further cloud it?

One of the reports that arrived was the one that three unnamed and separate sources had issued a 'reliable' info that an unnamed UK private equity company is waiting to see whether the Groupe Bernard Tapie acquisition will fail, so it can snap up Full Tilt for around $30 to $35 million. Apparently, this unknown and apparently unlisted potential buyer is only interested in the Full Tilt Poker software and has no operator ambitions; and if such a deal goes through, the private equity company reportedly plans to deposit the purchase price in an independent account under the control of the Full Tilt administrators.

The next one in the line of statements is a long anticipated one – by FTP leader Ray Bitar, who finally made his first statement since Black Friday. On the occasion, he apologized for the mess, assured the public that he is working hard to fix things, and explained his silence.

It appears that an experienced industry professional, Robbie Davies, was outraged by such a statement by Bitar, as he opined:

"Waiting this long to drop a well-crafted PR statement, which tells affected customers nothing, is just short of worthless. If this is simply the start of a PR campaign. Fine. I get it. But it is still not sincere. Too much damage has been done. The sincere thing to do is to respect your customers. Explain the mechanics of working toward refunds with a method that reverberates with each affected individual. Couple that with an honest strategy for a commercially viable future, and the damaged company could be getting somewhere.

"How could this happen to begin with? How can this be overlooked and how can anyone put faith in this leadership to get it back on track? To run a successful business one has to be aware of the external and internal situation around them at all times. This includes getting hubris in check. Claiming "business as usual" and taking deposits after Black Friday was not responsible. Where is an apology for that?"

Finally, the ever-present Groupe Bernard Tapie lawyer, Behnam Dayanim, issued yet another statement regarding the takeover, in which he said GBT is still 'cautiously optimistic' that the Full Tilt deal can be finalized by the end of March, but that there are still some obstacles to clear in this acquisition, such as legal consideration regarding the DoJ and both Full Tilt and the individuals behind the company, jurisdictional differences and the money owed by poker professionals associated with it.

In terms of the latter, he said: “It’s still an issue in that those debts have not been resolved. We’re continuing to work on that. There are no new names to add to that list but we’re also not taking off any names from that list.”

And in regards to the Bitar statement, he seemed unmoved, saying: “I don’t see it as harmful in any way and I don’t see it impacting the deal in any way.”

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Re: POKER/GAMBLING NEWS
« Reply #385 on: March 08, 2012, 06:04:00 PM »
Some US States Blocked by Bodog Brand Franchiser

Bovada introduces new restrictions, puzzling players

After the US federal indictment against Bodog brand franchiser Calvin Ayre, and the seizure of the defunct Bodog’s .com domain by US officials seem to have some sort of relation with the US-facing Bovada site’s new restrictions.

Bovada is a Bodog franchisee, which continued where Bodog left off in the States, offering online gambling to Americans despite the mounting pressure from the US authorities. However, this week saw a number of players report that, without any prior warning, they found the following notification when they accessed their Bovada accounts:

"Bovada has suspended transfers from residents of the following States: Maryland, Washington, New York and Utah. If you are a Bovada customer from one of the above states, you will not be able to use your MyPayLinque account to transfer. Please contact support at Bovada for further information."

So far, Bovada has not issued an official statement about the newly introduced restrictions, which triggered speculation that Bovada may be turning away from the States. Hopefully, more info about the case will be available soon.

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Re: POKER/GAMBLING NEWS
« Reply #386 on: March 28, 2012, 01:16:59 AM »
Hi

Good information.Thanks!

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Re: POKER/GAMBLING NEWS
« Reply #387 on: March 28, 2012, 03:33:09 AM »
Update: Alderney’s FTP Debacle Handling Review Presented

In general, the matter was handled appropriately

An independent report, drafted by Peter Dean CBE, a former chairman of the British Gambling Commission on the Alderney Gaming Control Commission’s much criticised actions in the Full Tilt Poker debacle, has been published on Mar. 27.

The review contains recommendations about the availability of additional legal resources when needed to carry out investigations into licensee conduct and about the need for the Commission to establish a more direct relationship with its licensees instead of relying on intermediaries.

In addition, he stated that Alderney should clearly set out on its website the level of player protection that it offers, and require the licensees to make that level of protection known to players.

In the report summary, Dean assessed the FTP debacle as sad, but said it should serve as an example of regulation working as it should.

"As soon as plausible evidence of irregularities came to light the regulator acted promptly and proportionately. An investigation was instituted, findings made, a hearing held, judgment delivered and sanctions imposed. Due process was followed," he said, adding: "This assessment will be of little comfort to the disaffected players who are still denied access to funds owed to them by FTP. The tribunal proceedings in 2011 were adjourned for several weeks to allow time for a rescue package to be negotiated. When this failed, the Commissioners then properly decided that because of the seriousness of the allegations they should discharge their statutory duties without further delay."

"My opinion overall is that AGCC fulfilled its statutory obligations in relation to FTP and that its actions were appropriate, timely and fair," he concluded.

Regarding the report, the Alderney Gaming Control Commission, which engaged Dean to conduct the investigation, issued a press release in which its executive director Andre Wilsenach said: "We believed it was important, given the sensitivities surrounding the revocation of Full Tilt Poker’s licenses, that an independent review should be carried out into the way in which the AGCC conducted itself throughout this process, and we are grateful that this has now been completed.

‘We wanted to reassure ourselves, and those who take an interest in our activities, that should mistakes have been made then we would recognise them, and if lessons could be learned that we would learn them.

"We note that today’s report finds that “AGCC fulfilled its statutory obligations in relation to FTP and that its actions were appropriate, timely and fair.” That is the standard to which we aspire.

"Nonetheless, Mr Dean’s report does make valuable recommendations on how we can make improvements in the light of what has happened. We accept those proposals and will seek to implement them as soon as practically possible.

"None of this, of course, will compensate those players who have lost money as a result of FTPs actions, and we have great sympathy for them. But, as the report confirms, a regulatory regime cannot be proof against deliberate concealment or deception. Our focus now is to assist other authorities to recover as much of the players’ funds as possible."

In conclusion, in the statement the Commission assured the players that it is already in advanced stages of implementing a new approach towards the protection of player funds on a risk-assessed basis.

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Re: POKER/GAMBLING NEWS
« Reply #388 on: March 28, 2012, 03:39:37 AM »
Update: WMS Joins the Race for Nevada License

An interactive gaming license sought

The latest company to apply for an interactive gaming license in the State of Nevada to the State Gaming Control Board (SGCB) is WMS, the US gambling equipment and games developer that has an online presence through Jackpot Party Casino.

According to the company’s president, Orrin J. Edidin, “The filing of WMS’ interactive gaming application with the SGCB in Nevada represents an important milestone in our efforts to support our customers’ needs with a full array of products and managed services in the online and interactive arenas.

“WMS is committed to assisting our customers in establishing strong interactive gaming relationships with their patrons in the casino, at home or on their mobile devices.

“With the success and experience we have in online and interactive gaming -- through our UK-based Jackpot Party.com online casino; our popular Lucky Cruise social casino found on Facebook and our classic slot content for mobile and other casual play users -- WMS is well positioned to help our customers move forward with confidence.”

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This is very good news.

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Re: POKER/GAMBLING NEWS
« Reply #389 on: March 29, 2012, 05:18:17 PM »
Online Poker Regulation Necessary, States Police Association

Another body expresses support to the popular pastime

An interesting report came this week from the pro-legalisation action body FairplayUSA that the legalization of online poker in the US now has another supporter - the Fraternal Order of Police in the United States which sent a note to a number of senior US congressmen and women that includes Senator Harry Reid, Speaker John Boehner, Senator Mitch McConnell and Representative Nancy Pelosi.

It is stated in the letter: "...Millions of Americans wager regularly on offshore Internet gambling sites beyond the reach of the Federal government. Today, there are no controls on Internet gambling to give U.S. consumers recourse to U.S. courts to provide prompt and accurate payment; no protections are in place to prevent or detect money laundering; no firm and transparent licensing of operators exists; and no regulatory controls are in place to prevent criminals from entering the marketplace, rigging games, or misusing customer financial data.

"This has created a situation in which U.S. law enforcement authorities cannot shut down illegal activity, nor is there any way for those victimized by fraud or other criminal activity to seek redress.

"Just a few weeks ago, former Governor and Homeland Security Secretary Thomas J. Ridge and former Director of the Federal Bureau of Investigation Louis J. Freeh penned an opinion piece in the Washington Examiner explaining the scope of the problem and the need for a national strategy and Federal action.

“The FOP shares their approach-- we need to modernize the Wire Act, create a strong regulatory framework for legal gaming that provides law enforcement the tools necessary to put the illegal offshore sites out of business and protect consumers from the operators who engage in criminal activity."

The letter is signed by FOP president, Chuck Canterbury.

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