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Last weeks Poker News in a Nutshell

Wednesday the 8th of August 2012

iPoker have shut down Moore Games without any notifications to it's players and indeed without any explanation to CEO of Moore Games, Samir Mujagic.

The acquisition of Full Tilt Poker by PokerStars has been agreed by the US Departnent of Justice. Whilst civil forfeiture proceedings will end, the criminal charges still stand. $330 million is to be paid by PokerStars to the US out of which USA players claim compensation for their losses. In later news it was reported that the acquisition of Full Tilt by PokerStars, means 200 jobs in Ireland are safe. In further news regarding the acquisition, PokerStars are likely to be seeking repayment of all the loans made by Full Tilt CEO, Ray Bitar, The amount to FTP is said to be some $18,000,000.

Confirmation arrived last week that Absolutely Poker have struck a deal with the US Justice Deparment that they will forfeit their remaining assets to the government. In return, the Government will drop civil money laundering claims.

One happy former Full Tilt player is likely to see his money back in the latest deal with the US Department of Justice. Daniel "Jungleman12" Cates, who now resides in the UK, had 80% of his bankroll tied up in Full Tilt.

Poker professional Ryan Young, was sadly killed in a car accident at the end of July. He recently played in the WSOP main event this year where he placed 350th. Ryan was only 28 years old and will be sadly missed by his poker friends.

A new poker app released by Redkings Poker enables smart phone users to access both real and fun money play. They offer fixed limit, pot limit and no limit Holdem ring games and heads up play.

Ultimatebet cheating scandal detailed documentary is now available on DVD and an interview by the creator of the film, Scott Bell, is now available on youtube.

Two more companies are being considered for online poker licenses by the Nevada Gaming Control Board namely South Point Casino and Monarch Interactive. The meeting is set for today and no doubt further news will follow shortly.

Senator Harry Reid is struggling to progress his online poker legalization bill due to lack of interest in supporting his bill by his fellow Democrats and Republicans.

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