The federal internet poker legalisation bill that everyone is talking about – Texas Republican Joe Barton’s proposal – is to be unveiled later today (Friday) at a press conference in Washington DC, reports the political newspaper The Hill. Representative Barton’s proposal has the backing of Reps. Read the full post >>
A sense of deja vu was perhaps inevitable this week as Congressman Jim McDermott launched HR2230, the Internet Gambling Regulation and Tax Enforcement Act, in the House Financial Services Committee, supported by Representative John Campbell and the committee’s ranking Democrat member Barney Frank. Deja vu, because McDermott was the man behind previous online gambling tax [...]
Kim Nguyen just missed becoming one of the exclusive band of women who hold a WSOP winner’s bracelet this week, but had the consolation of a runner-up prize worth $131,900 after a spirited but unsuccessful one-and-a-half hour clash with Brit player Darren Woods, who took the bracelet for event 19 – the $2,500 Limit Hold’em [...]
One of the notable online gambling breakthroughs in the United States this year – the adoption of an internet gambling legalisation proposal in Washington DC – is back under the media microscope following allegations that the measure’s author was in the pay of a legal firm at the time and did not disclose this. In [...]
Phil Ivey Shocks the Poker World Phil Ivey hasn’t played a single hand at the 2011 WSOP yet has managed to become the center of attention, announcing during the first day of play on May 31st that he was not only sitting out the entire 2011 WSOP but was suing online poker site Full Tilt [...]
Industry research firm Research and Markets has released its new study of the Italian market, noting that turnover in the period 2004-2010 has been steadily increasing, with 2010 numbers expected to reach €57,4 billion – an increase of 5,5% on 2009. Italian market Average Revenue Per User (ARPU) is one of the highest worldwide, the [...]
Redbet Holdings AB has published its Q1,2011 numbers, showcasing a subdued quarter spiced with new acquisitions. Operating revenues amounted to SEK17.2 million (Q1/2010: SEK19.1 million), a decrease of ten percent, although revenues did increase 1% on Q4-2010 numbers. Operating profit improved to SEK800,000, and profit after tax reached SEK 600,000. Significant events during the quarter [...]
One of the most interesting and arguably informative articles to appear on the Cereus network online poker sites Absolute Poker and UBPoker appeared over the weekend in the St Petersburg Times. Clearly the product of considerable research by three or more business journalists, the piece covers the initial founding of the enterprise between 2000-2002 by [...]
888.com chief executive officer Gigi Levy has announced a strong performance by his company in Q1,2011, with both revenues and player numbers reaching new heights. Key performance indicators included: Group revenue US$75 million (Q1,2010: US$69 million), an increase of 9% year-on-year and a 6% increase compared to Q4,2010 Revenue B2C US$64 million (Q1,2010: US$59 million), [...]
Social gaming company, Zynga , has acquired an Austin, Texas-based team of staff from MarketZero , a company known for online portals, software programmes, social poker databases and the creators of PokerTableRatings – an online portal that tracks career statistics of online poker players. The company stresses that it has not acquired the MarketZero company [...]
