Featured Articles Archive - Page 376

Frank, Berkley both took contributions from Full Tilt

LAS VEGAS, Nevada -- Rep. Shelley Berkley, D-Nev., a longtime advocate for federal legalization of Internet poker, accepted an estimated $20,000 in contributions from Full Tilt Poker, the Boston Globe reported Wednesday.Jessica Mackler, a spokeswoman for Berkley’s U.S...read more

Lederer, Ferguson suspended by Epic Poker League

LAS VEGAS, Nevada -- Poker professionals Howard Lederer and Chris Ferguson were suspended by the Epic Poker League Wednesday, a day after federal prosecutors added them as defendants in a civil complaint involving alleged money laundering by Full Tilt Poker.In a statement, Stephen Martin, chairman of the league's standards and conduct committee, said the action was taken after Lederer and Ferguson were named as defendants in relation to their role as board members with Full Tilt...read more

Nevada Resort Association questions sports wagering kiosks

LAS VEGAS, Nevada -- The Nevada Resort Association is questioning the growing use of sports wagering kiosks, which allow gamblers to place bets outside the confines of a traditional sports book. The trade group is concerned the terminals and their expanding technology blur the distinction between nonrestricted gaming, such as hotel-casinos, and restricted locations, which covers bars, taverns and restaurants with 15 or fewer slot machines. For now, the resort association's board of directors plans to "monitor and watch" how state gaming regulators view the kiosks, which are run by race and sports book operator Leroy's. The kiosks are being used inside Buffalo Wild Wings, the Inn Zone Lounges and have received tentative regulatory approval for use at PT's and other locations operated by Golden Gaming Inc. The kiosks were designed to allow customers to place wagers as long as they had money on account...read more

Full Tilt didn't violate license by commingling funds

MILAN, Italy -- Full Tilt Poker may have commingled player funds and operations money in bank accounts, but that didn't violate its license with the Alderney Gambling Control Commission (AGCC).Alderney licensees are required to disclose to players whether they mix player deposits and operations money in bank accounts or keep them in separate accounts, an AGCC official familiar with the situation told Casino City today...read more

Internet poker in Massachusetts a long way from a done deal

Internet poker enthusiasts in Massachusetts were recently surprised by an Internet poker amendment made by Rep. Daniel Winslow (R-Norfolk) to a bill that would expand gambling in the commonwealth. But a quick reading of the amendment shows that Massachusetts isn't in any hurry to lead the race to regulate the online poker industry.The amendment would require the Massachusetts gaming commission to "establish a committee to analyze and develop recommendations and model legislation" to issue Internet poker licenses...read more

DOJ says Full Tilt was a global Ponzi scheme

The U.S. Department of Justice (DOJ) said on Tuesday that Full Tilt Poker operated as a “global Ponzi scheme” and that its primary owners, including poker professionals Howard Lederer and Chris “Jesus” Ferguson, defrauded the site’s players out of hundreds of millions of dollars.The DOJ filed a motion to amend an earlier civil complaint against Full Tilt Poker to include “additional allegations, claims, and defendants concerning a fraudulent scheme by Full Tilt Poker and its Board of Directors concerning the misuse of players’ funds,” according to a memorandum sent out by Preet Bharara, U.S...read more

Top-10 celebrities I'd like to invite to my home poker game

There’s been a lot of buzz about celebrities playing poker in recent weeks, with the much ballyhooed “home game” that brought some of Hollywood’s biggest names together for some high stakes action. In talks around the office, we’ve thrown around the idea of starting a regular “Casino City Home Game” series, whereby we’d invite celebrities to play in my regular home poker game...read more

Caesars CEO joins Huntsman campaign council

LAS VEGAS, Nevada -- Caesars Entertainment Chairman Gary Loveman was one of four high-profile executives named by Republican presidential candidate Jon Huntsman to his campaign's business advisory council. The council, which includes Nike co-founder and Chairman Phil Knight, will advise Huntsman, a former governor of Utah and U.S...read more

Deal Me In: A certain craps loss

Dear Mark: First, is it legal to bet the pass line and don’t pass simultaneously? Rationale being, one bet wins, one bet loses, and I don’t expose my bankroll while I rake in the comps. What are your thoughts of this system? Am I missing anything? Andy I...read more

Caesars Palace to open tower Jan. 2

LAS VEGAS, Nevada -- Caesars Palace said Wednesday it will open the 668-room Octavius Tower on Jan. 2.Construction of the tower was halted two years ago during the financial crisis.Caesars Entertainment Corp. announced earlier this year it would complete the hotel tower, which will give the Strip c...read more