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Gambling Law & Society News (1295 articles)

Amaya Acquisition Ahead?

The owner of PokerStars and Full Tilt, Amaya Inc., has announced that its chairman and CEO, David Baazov, has plans to make a cash offer to acquire the company. Amaya has been valued at C$21.00 per common share and Baazov is prepared to make a cash bid but no formal offer has been made as described in Amaya’s press release on February 1, 2016. “Amaya Inc. (...

Gambling Law & Society News

Online Poker Legalization for Russia?

News publication Business Insider wrote a piece this week that suggests that the Russian government may be prepared to legalize online poker. The author, Robert Carmona-Borjas, wrote about the possibility of online poker being legalized as a game of skill in Russia so the government can increase tax revenue. Legal expert Alexander Zakondyrin revealed that a...

Gambling Law & Society News

Amaya Meets with PokerStars Players but Change is Not Likely

Amaya’s changes to the PokerStars VIP program have left a bad taste in the mouths of players including the pros. The hot topic this week in poker was the meeting between Amaya and a high stakes player delegation but the lack of public communication from either side has left us all wondering what happened. Both sides said that they are unable to comment due to...

Gambling Law & Society News

Chris Moneymaker Announced as 1st Franchise Holder in New Global Poker League

Alexandre Dreyfus, CEO at Mediarex Sports & Entertainment – GlobalPokerIndex, is making headway with his Global Poker League project having just announced that American poker pro Chris Moneymaker will be the first franchise holder and the debut of HoldemX, which ‘connects the world of video games, social/casual poker and eSports’. The Global Poker League launc...

Gambling Law & Society News

Isaac Haxton Declines Renewal of his PokerStars Team Pro Online Contract

Isaac “Ike” Haxton announced that his PokerStars Team Pro Online contract has expired and he will not be renewing it as he cannot support changes to the VIP program having boldly stated, “I believe PokerStars is behaving unethically”. On Friday Ike tweeted, “I have resigned from PokerStars in protest of the changes to the Supernova and Supernova Elite programs...

Gambling Law & Society News

Amaya Faces $290M Judgement Against PokerStars – Update

The case involving the state versus Amaya’s PokerStars just got three times worse as of Wednesday, December 23, 2015 when a Franklin Circuit Court judge awarded the state $870 million. Judge Thomas Wingate ruled that the state would receive three times the original $290 million judgement in relation to the 2010 lawsuit against Amaya Inc., in which the state cl...

Gambling Law & Society News

Amaya Faces $290M Judgement Against PokerStars – Update

Amaya Inc. addressed the news regarding its lawsuit involving the Commonwealth of Kentucky related to its PokerStars brand. The period in question is from 2006 to 2011, which was three years before its acquisition of the Rational Group brands. Amaya describes the action as “frivolous and without merit”. Franklin Circuit Court Judge Thomas Wingate recently hand...

Gambling Law & Society News

Amaya Faces $290M Judgement Against PokerStars

A 2008 case involving a county in Kentucky and its attempt to seize the international domains of online gambling companies has resurfaced as Franklin Circuit Court Judge Thomas Wingate awards a $290 million judgment against PokerStars and its parent group, Amaya Group Holdings. Amaya certainly intends to appeal the judgement but Judge Wingate settled the 2008...

Gambling Law & Society News

PokerStars Christmas Calendar and the Gift of Danish Licensing

Both PokerStars and its players have plenty to look forward to this holiday season with the Christmas Calendar and its Danish licensing approval. This month players stand to win a total of $2 million in prizes. Open the door to new prizes daily at 00:00 ET each day from your desktop or mobile device. Win fabulous prizes and take part in popular promotions...

Gambling Law & Society News Poker Promotions

Dutch PokerStars Players Not Required to Pay Taxes on Winnings

Dutch players are able to breathe a sigh of relief as the Amsterdam Court of Appeal has ruled that they are not to be taxed on winnings derived from PokerStars.eu. PokerStars player Freerk Post and his legal firm Taxwise advocaten & belasting adviseurs, took the case to court claiming that since Malta is part of the European Union (EU), winning should not be...

Gambling Law & Society News

Phil Ivey to Appeal Edge Sorting Case Ruling

Poker pro Phil Ivey has been granted leave to appeal the British Court’s decision, which denied him the GBP 7.8 million in winnings from Genting’s Crockfords Casino Club. LPB’ers may recall the situation that took place in 2012. Ivey and a companion took a seat at a Punto Banco table leading to accusations that Ivey was edge sorting, a form of card counting t...

Gambling Law & Society News

Poker Heaven to Close November 12, 2015

Poker Heaven will close as of November 12, 2015 after 10 years in the industry. The reason for the site closure has not been disclosed but the company has notified its players and affiliates of the news and recommends that players with positive balances cashout before November 19 when the cashier service will be closed. For those that do not request a payo...

Gambling Law & Society News

Seals With Clubs Owner Sentenced

Bryan Micon, the owner of Bitcoin operation Seals With Clubs, returned to the US from Antigua when the Nevada authorities raided his home earlier this year and has recently been sentenced for the illegal operation of the site. According to the Associated Press, a Las Vegas court imposed a $25,000 fine plus two years of probation. Micon forfeited 3.0996 in b...

Gambling Law & Society News

PokerStars Planning to Launch in the Garden State?

American PokerStars players prior to Black Friday in 2011 recently received an email that has the industry wondering if the company is preparing to launch in New Jersey. PokerStars was granted transactional waiver status by the Division for Gaming Enforcement in New Jersey under the condition that the company "...escheat to the State of New Jersey all funds r...

Gambling Law & Society News

WPN Suffers DDoS Attack

Winning Poker Network was the focus of a recent Distributed Denial of Services on Sunday evening. Losses are believed to be around $200,000 since players were unable to register for a major million dollar guaranteed tournament. Despite this there were about 600 players that had already registered but the DDoS attack disrupted the registration process. WPN m...

Gambling Law & Society News

Golden Nugget to Close New Jersey Free-Play Poker Site

In anticipation of launching a real money poker room, Golden Nugget launched its New Jersey free-play online poker site but has informed players that it will close at the end of September. Golden Nugget intended to enter a player-sharing partnership with Betfair Poker NJ but the unsuccessful performance from that operation has closed the door on a chance to i...

Gambling Law & Society News

Americas Cardroom Suffers DDoS Attacks

Americas Cardroom reported a "pretty large" series of Distributed Denial of Service attacks over the weekend Sunday. The unknown attackers demanded an undisclosed ransom to be paid in Bitcoins. The attacks wreaked havoc on the Million Dollar Sunday afternoon tournament resulting in a loss of $300,000 according to CEO Phil Nagy. The company did not pay the ran...

Gambling Law & Society News

Calm Online Poker Hearing for New York

A hearing regarding online poker in New York was chaired by the New York state Senate’s Standing Committee on Racing, Gaming and Wagering head Sen. John Bonacic, resulted in some positive feedback but the lack of interest was evident by the attendance of just two legislators from the committee of eleven, who ducked out early. Evidence was provided by seven wit...

Gambling Law & Society News

New York Online Poker Hearing Scheduled

The chairman of the New York state Senate Racing, Gaming, and Wagering Committee, Sen. John Bonacic will schedule an online poker hearing in September, which will review opinions on issue, and will include major state operators among other interested parties. The hearing will likely explore the issue as Senator Bonacic plans to hear more regarding online gambl...

Gambling Law & Society News

New Florida Online Poker Initiative

Martin Shapiro of Florida is a fan of online poker and hopes to see steps toward legalization via the group he founded, iPoker Florida. Summary of the group: “A window of opportunity for Internet poker in Florida has opened. The Florida legislature needs to vote on new gambling legislation in the very near future. We must take action quickly to include Int...

Gambling Law & Society News

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