Latest articles
Flooding Hits Vegas Strip, but Casinos Stay Open
Heavy rains swept southern Nevada last week. According to the New York Times, they dumped about half the area’s annual rainfall in the span of two hours. The rainfall resulted in significant flooding on the Las Vegas Strip from Thursday evening into Friday morning. That threatened to create major issues for business owners throughout the […]
The Restoration of America’s Wire Act – Inside The Proposed Ban On Regulated Online Gambling
RAWA refers to the “Restoration of America’s Wire Act,” a piece of legislation that has been advocated primarily, although not exclusively, by Republicans. The bill was first introduced in 2014 and has been reintroduced in subsequent sessions. What RAWA seeks to do The Restoration of America’s Wire Act would rewrite the Federal Wire Act of […]
PokerStars Secures Motion To Dismiss In Long-Running Illinois Loss Recovery Case
PokerStars appears to have laid to rest a long-running legal dispute in Illinois after Judge David R. Herndon granted the company’s motion to dismiss a second amended complaint filed by Kelly Sonnenberg and Casey Sonnenberg. Herndon simultaneously dismissed a companion claim brought by separate defendants against Full Tilt. “This is a significant win for PokerStars,” stated lead […]
Boyd CEO Demolishes Myth That Regulated Online Gambling Will Cannibalize Land-Based Casino Revenue
Keith Smith, President and Chief Executive Officer of Boyd Gaming, has a simple message for those who argue that regulated online gambling revenue will cannibalize (i.e., come directly at the expense of) land-based casino revenue. You’re wrong. That’s the takeaway from Smith’s comments on the performance of the Borgata’s online gambling properties in the New […]
This Prediction For New Jersey’s Initial Online Gambling Revenue Numbers Will Seem Optimistic To Some
On January 14th, the New Jersey Division of Gaming Enforcement will post the initial revenue numbers for New Jersey’s regulated online poker sites and casinos. These numbers will cover revenue for November and December. I suspect they’ll be rather raw numbers that point only to gross gaming yield (poker rake plus casino hold). There’s been […]
PokerStars Purchase of Full Tilt Confirmed By Multiple Sources
WickedChops rarely goes with something definitive unless it’s definitive: Posted early this morning but independently confirmed Stars acquiring Tilt a done deal: http://insider.wickedchopspoker.com/566/the-latest-on-the-pokerstars-and-full-tilt-poker-acquisition/Still plenty of details to come Same goes for PokerFuse, who were pretty definitive yesterday when they broke the story: PokerStars has reached a settlement with the US Department of Justice, pokerfuse can […]
PokerStars Buys Full Tilt Poker … Say What?
That’s the word from reputable sources this afternoon. The tl;dr: GBT didn’t have enough money to take on Full Tilt, so the DOJ nixed their deal. PokerStars, who has plenty of money, stepped in. More from PokerFuse: Until now, French investment group Group Bernard Tapie were known to be in late-stage talks. According to sources […]