Poker News - Laws, Regulation & Legislation

Though It’s Illegal, March Madness Office Pools Are More Popular than Ever

Thursday, 12th March 2015

March Madness office pools are more popular than ever these days, despite experts agreeing that the gambling activity is illegal. Occasionally, an elected official or sports coach admits to doing an office pool, which brings their ethics into question. Despite that, the practice is so widespread that March Madness bracket

The IRS Proposes New Tax Regulations for Gamblers Who Report Winnings

Wednesday, 11th March 2015

With tax season upon us, gamblers who had a good 2014 have to consider how to report their winnings. Most of us don’t have that problem, but those who do might soon have new forms to fill out. Some of the tax options might make filing a return simpler for

Pala Interactive Will Not Launch Its New Jersey Online Poker Room

Tuesday, 10th March 2015

The Pala Band of Mission Indians has decided not to launch its online poker brand in New Jersey, due to the imminent arrival of PokerStars into the Internet card playing industry there. Pala’s online casino has been in operation since November 2014. The Pala Band of Mission Indians are one

Darren Phua Pleads Guilty in Illegal Online Sports Betting Case in Las Vegas

Monday, 09th March 2015

Darren Phua has pleaded guilty in a case centered around an illegal World Cup betting ring. Darren Phua is the son of gambling mogul Paul Phua Wei Sang, who is accused of the same crimes. When Darren Phua’s lawyer was asked why the 23-year old pleaded guilty to the charges,

Izek Shomof, LA Developer, Makes an $80 Million 11th Hour Bid for Revel Casino

Friday, 06th March 2015

A new player has entered the drama surrounding Revel Casino’s bankruptcy: Izek Shomof. Mr. Shomof is a Los Angeles-based real estate developer who entered an 11th-hour bid to purchase Atlantic City’s Revel Casino Hotel. Judge Gloria Burns called for a one-week delays in the sale of Revel Casino to Glenn

Judge Denies Approval for Glenn Straub’s Purchase of Revel Casino for $82 Million

Thursday, 05th March 2015

In another startling turn of events, advisors to Revel AC, the owners of the Revel Casino Hotel, failed to gain approval for an agreement to sell the casino resort for $82 million. Judge Gloria Burns told the owners of the hotel property to look for a better price. Judge Burns’

RAWA Bill Discussion Postponed in a US House of Representatives Subcommittee on Crime

Wednesday, 04th March 2015

The Restoration of America’s Wire Act was scheduled to be discussed on March 5 in the House Subcommittee on Crime, Terrorism, Homeland Security, and Investigations. Since first posting this story, the meeting has been canceled, but it should be rescheduled for the legislative schedule sometime in the near future, when

Ex-Miami Police Officer Pleads Guilty to Extorting an Illegal Sports Betting Ring

Tuesday, 03rd March 2015

A former Miami police officer pleaded guilty in federal court Monday to charges that he extorted money from an illegal sports betting operation. Jerry Sutherland, 28, did not fight charges that he extorted $3,400 in cash from a South Florida gambling operator in exchange for police protection. Jerry Sutherland worked

Momentum Building in Support of the Casino Property Taxation Stabilization Act

Monday, 02nd March 2015

The “Casino Property Taxation Stabilization Act”, a bill that would transform how the property taxes on Atlantic City casinos are assessed, continues to languish in the halls of the state legislature. The PILOT bill, as it’s known to lawmakers, was introduced three months ago, but concerns about the future of

Nevada Gaming Commission Approves Vegas Strip Betting on Olympic Games

Saturday, 28th February 2015

The Nevada Gaming Commission on Thursday approved Olympics sports betting for Las Vegas this week. Olympic betting is a commonplace in several other western nations, but in the United States, it has been discouraged, because the Olympic Games have been seen as a showcase for the amateur athletes. Nevada has