When Alan Meltzer passed away last October, he left behind $1 million in his will to his chauffeur and another $500,000 to the doorman of his building. An entrepreneurial success story, Meltzer built his fortune in the music business and gained fame in the poker world when he appeared on Season 5 of High Stakes [...]
On Friday the Department of Justice issued a legal opinion which states that the Federal Wire Act of 1961 is only applicable to the prohibition of sports betting across state lines. Up until now, the Wire Act has been one of the many hurdles in the way of legalized online poker in the United States. The [...]
On Saturday it was announced that Joe Hachem would not be resigning with PokerStars as a Team Pro member. His contract expired recently and it was a mutual decision not to renew the contract. The 45 year-old Australian father of four says he will remember his time with PokerStars fondly, but is also looking forward [...]
Come January 1st 2012, 38 websites/operators will be the first to provide legal online gambling to residents of Denmark. The Danish “orderly” regulatory framework will have each operator pay a 20% tax on their gross income. Pokerstars, 888 Poker, Betfair and Unibet are among those who managed to secure a license. Danish minister of taxation [...]
Congressman Joe Barton (R-TX) spoke optimistically about the future of online poker in the United States last week at the Digital Gaming and Lottery Policy Summit. Barton believes that acting swiftly and decisively is the way to go. He was quoted as saying that “the bottom line is we want to get to it as [...]
An astounding 200,000 people helped Pokerstars.com, the world’s largest poker site, to make history on Sunday December 4th by participating in the largest poker tournament ever. This event was part of Pokerstars’ ongoing 10th Anniversary celebrations. The previous record, held by Pokerstars, was set in 2009 when 149,196 players participated in a $1 buy-in event. [...]
Last week, it was confirmed that the Groupe Bernard Tapie (GBT) came to an agreement to buy the Fulltilt name, assets and debts from the U.S. Department of Justice for a sum of $80 million. The agreement stated that the GBT would be responsible for paying back all international player balances, while American players would [...]
While the current UIGEA prohibits interstate and out of country online gambling, it also explicitly permits intrastate (within state) online poker. This opening has spurred groups in California to fight hard to get real money online poker rooms running in the state. It has even prompted previous competitors to ally together in order to tap [...]
Last week Group Bernard Tapie (GBT) and the Department of Justice came to an agreement which would allow the GBT to purchase Full Tilt Poker and its assets. Currently Full Tilt Poker and all player funds are being held by the American Justice Department. The GBT is reportedly going to pay $80 million to the [...]
In one fell swoop, it appears that the path to regulated online poker for Europeans is shorter now than it is for Americans. Jurgen Creutzmann, a German MEP (Member of European Parliament) has drafted a report recommending a common and accepted collection of laws for online gambling, to help support consumer protection. This proposal would [...]
In a move that will be popular among multi-tabling players, the Cake poker network will now allow the use of Heads-Up Displays (HUDs) at their tables. Until now, Cake poker deliberately formatted their hand history files in a way that made it impossible to gather statistics on opponents. Programs such as PokerTracker and Hold’em Manager [...]