Poker News - Laws, Regulation & Legislation
Caesars Wins Preliminary Approval to Spin Off New Entity
Thursday, 11th July 2013Caesars Entertainment saw its stock take a 13 percent jump yesterday on word that the Nevada Gaming Control Board has issued preliminary approval of the company’s plan to spin off a portion of its business. Caesars has also filed with the SEC in order to raise funds for the new
Nun to Serve Jail Time for Stealing to Support Gambling Habit
Thursday, 11th July 2013Nuns having, or rather, wearing habits is a commonplace occurrence. Nuns who steal to support a gambling habit are certainly a rarity – just about as rare as a flying nun. Perhaps that’s why the story of a New York nun being sentenced to a 90-day jail term for stealing to
Phil Ivey to Join California Indian Tribe in Online Gaming Venture
Tuesday, 09th July 2013Rumors surfaced this week that the so-called “Tiger Woods of poker,” Phil Ivey, has made an agreement with a southern California indian tribe to be the face of their Internet gaming venture. Ivey is set to team up with the Pala Indian Tribe, which runs one of California’s most successful
American Gaming Association Once Again Not Backing PokerStars Atlantic City Deal
Monday, 08th July 2013While PokerStars may be celebrating its recent deal to partner with the Atlantic City land-based casino Resorts in an Internet gambling venture, not everyone is thrilled about the turn of events. More specifically, the American Gaming Association, a powerful gambling industry group, says that it plans to oppose PokerStars’ entry
Citizens Organization Backs Proposed Massachusetts MGM Casino
Sunday, 07th July 2013This week a citizen’s group in Springfield, Massachusetts, where MGM Resorts has proposed the construction of an $800 million resort casino, threw their support behind the effort. A public referendum will be held on July 16th, with Springfield’s New North Citizens Council saying that they will urge local residents to
Atlantic City Promotes Itself on the Road as Part of “Do AC” Campaign
Saturday, 06th July 2013It’s no secret that Atlantic City has been struggling for the better part of a decade, with revenue there having declined every year for the last six years thanks in large part to increased competition along the eastern seaboard, particularly from newer casino properties in neighboring Pennsylvania. A new advertising campaign seeks
Delaware Online Gaming Regulations Available for Public Comment
Friday, 05th July 2013Delaware has released a draft of its online gambling regulations, on which the public will be permitted to comment until July 31st. Unlike in New Jersey and Nevada – the only two other states in the nation to pass similar legislation thus far – the Delaware Internet betting industry will
Thieves Make Off with $200k Worth of Jewelry in Borgata Heist
Thursday, 04th July 2013Amid a celebration of the casino’s tenth anniversary, three thieves reportedly made off with $200,000 worth of Rolex watches from the Borgata Hotel Casino and Spa in Atlantic City, New Jersey on Monday. Initially the value of the stolen loot was said to be some $500,000, but was adjusted downward once
PokerStars Strikes Deal to Enter New Jersey
Wednesday, 03rd July 2013It has been both a good week and a bad week for online poker giant PokerStars. First, the bad news: a New Jersey judge denied the company’s appeal of a decision upholding the termination of its purchase contract to take over the embattled Atlantic City land-based casino the Atlantic Club
Mark Pincus to Hand Over Zynga CEO Spot to Don Mattrick
Tuesday, 02nd July 2013Zynga, the company that was once practically synonymous with social gaming yet has seen its stock tumble over the last year or so, announced that its founding chief executive officer, Mark Pincus, will be stepping down. He will be replaced by Don Mattrick, who has most recently worked for Microsoft
