Poker News - Laws, Regulation & Legislation
David Baazov Discusses US Gaming Regulations and Amaya Gaming’s Growth
Friday, 16th January 2015Amaya Gaming CEO David Baazov gave an interview this past week with Business News Network, a leading publication in Canada. Baazov, whose Toronto-based company purchased PokerStars and FullTilt Poker for $5 billion in August 2014, claimed that Amaya’s business continues to grow internationally, despite the lack of progress in getting
Nevada Sportsbooks Had Record Year in 2014 with $227.4 million in Generated Revenue
Thursday, 15th January 2015Statistics released show that Nevada sportbooks had record revenues in 2014. The state’s 187 sportsbooks combined to rake $227.4 million in 2014. The turnover on bets was $3.9 billion. Both are yearly records, according to the Nevada Gaming Control Board. Though 2014 showed a nice increase, Las Vegas gaming officials
Caesars Entertainment Operating Co Files for Chapter 11 Bankruptcy in Chicago
Wednesday, 14th January 2015Caesars Entertainment Operating Co. filed for Chapter 11 bankruptcy on Thursday, touching off a what is certain to be a lengthy court battle over $10 billion in debt. Caesers Entertainment Operations Co (CEOC) is a division of Caesars Entertainment, the largest American gaming company, which is saddled with $23 billion
U.S. Treasury Department Warns Casinos They Must Combat Illegal Sports Gambling
Tuesday, 13th January 2015The U.S. Treasury Department sent an open letter to American casinos on December 24 asking them to combat illegal sports gambling. The letter, which was made public this week, told casinos, “Increases in sports betting conducted on behalf of third parties are facilitating criminal activity and posing a money laundering
Montana Video Gambling Revenues Dip in 2014, the First Decline Since 2010
Monday, 12th January 2015Now that the 2014 gaming statistics have been tabulate, it’s clear that video gambling revenues continue to decline in the state of Montana. The numbers declined by 0.2 from 2013 to 2014, according to the Montana Justice Department’s Gambling Control Division. While that might not sound like a major decline,
Atlantic City Plans to Cut $40 Million off Its Yearly $260 Million Budget
Saturday, 10th January 2015Atlantic City’s city council agreed to a plan for steep budget cuts over the next four years, but also refused to follow the ideas of a state-appointed emergency manager. The city council met on Wednesday of last week to discuss the gambling destination city’s recovery plan, after it was learned
WSOP.com and 888poker.com Combine Players and Guarantee Larger Prize Pools
Friday, 09th January 2015Two of New Jersey’s largest Internet poker sites will begin sharing players between them beginning next week. The two affected sites are 888poker.com and WSOP.com. The move will allow the sites to guarantee larger prize pools, which should lead to greater player satisfaction and perhaps better participation. Caesars Interactive, which
State Rep Alan Morrison Introduces Pro-Sports Gambling Bills in Indiana
Wednesday, 07th January 2015State Representative Alan Morrison introduced two bills today on the floor of the Indiana that would legalize sports gambling in the state. Alan Morrison says he sees the national trend heading towards unfettered sports gambling. He also sees the rise in daily online fantasy sports betting. Both of these trends
Boston Sues Gaming Commission to End Wynn Casino Development in Everett
Tuesday, 06th January 2015Boston Mayor Martin J. Walsh has filed a lawsuit against the Massachusetts Gaming Commission to end development on the planned Wynn Casino in Everett. Mayor Walsh’s filing asked a court to void the commission’s license approval for the Wynn Resorts project. The filing also asked the judge to declare that
Anthony Barksdale Leaves as Security Director of Baltimore Horseshoe
Monday, 05th January 2015Anthony Barksdale, the Baltimore former acting police commissioner, took as job as the security director of Horseshoe Baltimore when it opened four months ago. The casino announced yesterday Barksdale would be leaving the casino’s service, after only 4 months on the job. Being Replaced by John Zappas In a written
