Author Archives: Steve Larson

About Cliff Spiller

Steve came to his interest in poker later in life than some; a freelance writer who primarily covers the financial industry, Steve was drawn to online poker by the striking similarities shared between the markets and the games played at poker sites. Steve heads up content areas related to banking, security and currency as they relate to playing poker online.

Scott Blumstein Wins 2017 World Series of Poker Main Event

July 23rd, 2017 Written by Cliff Spiller

2017 WSOP Main Event winner Scott Blumstein said “a normally inconsequential duece just changed my life”, after winning a heads-up showdown with Dan Ott. Blumstein collected a miracle river card on the 242nd hand of the final table to eliminate Ott from the world’s biggest annual poker event. On the final hand, Scott Blumstein limped in on the button, then Dan Ott raised to 8,000,000. Blumstein moved all-in, placing Dan Ott’s 55.5 million remaining chips at risk. Dan Ott went

US Supreme Court to Hear New Jersey Sports Betting Case

June 27th, 2017 Written by Cliff Spiller

The U.S. Supreme Court agreed on Tuesday to hear arguments in the New Jersey sports betting case. At heart of the case is New Jersey’s challenge of the Professional and Amateur Sports Protection Act (PASPA) of 1992. Arguments in the case begin in October, when the Supreme Court’s next court term commences. New Jersey’s lawyers will challenge the PASPA law, while lawyers for the NFL, NBA, MLB, NHL, and NCAA defend the current federal sports gambling law. The two sides

New York Online Poker Bill Fails in 2017

June 27th, 2017 Written by Cliff Spiller

The 2017 New York online poker bill failed to gain approval in 2017, though its sponsors in the state legislature vowed to submit the bill again in 2018. With the New York legislative schedule finished on June 21, no other opportunities exist for new proposals this year. Because it is not an election year, the legislative schedule ended in June. For the same reason, when the 2018 legislative session begins, lawmakers do not have to restart the process. When New

East Windsor Casino Called a Glorified Slots Parlor by Mayor

June 23rd, 2017 Written by Cliff Spiller

A Manhattan judge recently dismissed a lawsuit filed by MGM Resorts against the State of Connecticut. The lawsuit involved the licensing of a tribal casino in the Hartford suburb of East Windsor. The Manhattan court’s ruling prompted the mayor of Springfield, Massachusetts to criticize the process which led to the lawsuit. Domenic Sarno, the Springfield mayor, called the Hartford area casino that Connecticut’s legislature approved recently a “glorified slots parlor“. Sarno compared his city’s casino to a potential development 30

Reuters Exposes “Transaction Laundering” in Online Gambling

June 22nd, 2017 Written by Cliff Spiller

Reuters recently conducted an independent investigation into “transaction laundering” websites and released a report on its findings. Transaction laundering is a growing trend in online gambling transactions, in which websites pretend to be online vendors which sell everyday products. In its months-long investigation, Reuters found a network of online dummy sites which allow U.S.-based online bettors to process payments which do not look like gambling payments. Using a third-party site with different “Merchant Category Codes”, online gamblers ostensibly buy a mundane product

iDEA Group Backs US Online Gaming Legalization Efforts

June 21st, 2017 Written by Cliff Spiller

The iDevelopment and Economic Association [iDEA] formed this month to back online gambling legalization efforts throughout the United States. IDEA is an industry group of like-minded gaming companies, including some of the biggest names in land-based casinos and online gambling. After three states first legalized online gambling in statewide initiatives in 2012 and 2013, financial institutions and gaming analysts predicted that dozens of U.S. states would have legal US online poker and casinos sites by 2020. Despite those predictions, no U.S.

Slots Gambler Sues New York City Casino for $43 Million

June 20th, 2017 Written by Cliff Spiller

A woman is suing a Queens, New York casino for nearly $43 million in damages, claiming the casino did not pay a slot machine jackpot. Instead, the woman claimed, they offered her a $2.50 prize and a steak dinner. Katrina Bookman was playing the slots in Resorts World Casino New York in August 2016 when the gaming machine told her she had won the grand prize of $42,949,672.76. Ecstatic at the massive jackpot she seemingly had won on “Sphinx Slot

FTC Files Lawsuit to Stop the FanDuel-DraftKings Merger

June 20th, 2017 Written by Cliff Spiller

The Federal Trade Commission (FTC), along with the attorney generals of the State of California and the District of Columbia, filed a lawsuit in a federal court to temporarily stop the merger of FanDuel and DraftKings today. Officials at the FTC said the merger would create an illegal monopoly. Tad Lipsky, Acting Director of the FTC’s Bureau of Competition, siad in a statement, “This merger would deprive customers of the substantial benefits of direct competition between DraftKings and FanDuel.” FTC

Bonacic Confident New York Online Poker Bill Passes in 2017

June 16th, 2017 Written by Cliff Spiller

A spokesperson for New York State Senator John Bonacic told UsPoker.com that his state is going to legalize online poker in 2017. Sen. Bonacic discussed his expectations for an online poker bill in the New York General Assembly, while predicting the legislature would approve online poker this year. The online poker bill passed in the New York Senate on Tuesday, clearing the first hurdle to passage of the legislation. Bonacic’s bill needs to pass in the General Assembly, where a

New Jersey Supreme Court Places Lien on Former Revel Casino

June 15th, 2017 Written by Cliff Spiller

The Former Revel Casino faces a lien due to unpaid Special Improvement District fees, which is overseen by the Casino Reinvestment Development Authority (CRDA). The lien was imposed by a New Jersey Supreme Court justice for unpaid fees from 2015. It is the latest in a series of showdowns Revel’s owner, Glenn Straub, has had with New Jersey regulators and Atlantic City officials. Revel Casino owes money to the CRDA’s Special Improvement District for 2016 and 2017, but the ruling

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