Featured Articles Archive - Page 385

Nevada lawmaker targeting PokerStars

LAS VEGAS, Nevada -- A state lawmaker and former U.S. attorney in Nevada called for federal and state investigations into the political activities of PokerStars, one of three Internet gaming companies whose American operations were shut down and seized Friday by the U.S...read more

NBC Heads-Up broadacast features PokerStars, Full Tilt

LAS VEGAS, Nevada -- NBC began its weekly broadcasts Sunday of the National Heads-Up Poker Championship that were filmed at Caesars Palace last month.Was it just coincidence the event began its seven-week broadcast schedule the same weekend of what has become known through the poker world as “Black Friday?”Eleven individuals, including the founders of the world’s three largest Internet poker websites, were charged by federal prosecutors with bank fraud, money laundering and operating illegal gambling businesses in a nine-count indictment unsealed in New York.The U.S...read more

Slot makers continue to struggle

LAS VEGAS, Nevada -- If you want to understand the tough going for slot machine manufacturers, just ask the people running the companies. Bally Technologies and WMS Industries reduced their quarterly earnings forecasts. In separate statements, the companies said casino operators are not buying new slot machines and gaming equipment...read more

For the same money at risk, should you concentrate or spread out your bets?

Doris and Horace enjoy shooting craps. They both start on the Pass line then make Place bets to cover additional numbers. Their Place strategies differ, however. Doris bets $10 on four or five, or $12 on six; Horace spreads $5 each over four and 10 or five and nine, or $6 each over six and eight...read more

Gaming and the Law: Federal Poker Indictments -- Revisiting Prohibition

The timing is suspicious. March saw Nevada regulators approving a partnership between Caesars and 888, and Wynn announcing a joint venture with PokerStars. Now comes the indictments, three-billion-dollar civil suit and seizures of domain names by the feds...read more

News analysis: DOJ has online poker figured out

Within the online gambling industry, one of the prevailing beliefs was that the U.S. Department of Justice couldn't keep up with payment processors. As fast the DOJ shut them down, new ones would spring up to replace them, and online poker rooms would continue to operate in the U.S...read more

The day online poker died

Senate Majority Leader Harry Reid (D-Nev.) told Steve Wynn that online poker was "as American as apple pie" in an effort to convince the casino mogul that he should be in favor of regulating the game.If that's the case, April 15, 2011, may be remembered as the day that online poker died.So bye, bye, Miss American Pie.Took my gutshot to the river, but the river was dry.The United States Attorney for the Southern District of New York unsealed an indictment Friday morning charging 11 people, including the owners of PokerStars, Full Tilt Poker and Absolute Poker, with bank fraud, money laundering and illegal gambling offenses...read more

DOJ indicts founders of three major U.S. online poker operators

The Department of Justice has indicted the founders of PokerStars, Full Tilt Poker and Absolute Poker on charges of bank fraud, money laundering, illegal gambling offenses and violating the Unlawful Internet Gambling Enforcement Act (UIGEA).In the indictment unsealed today, the DOJ seized five Internet domains and issued restraining orders against approximately 76 bank accounts in 14 countries...read more

Deal Me In: Getting more decisions per hour isn't necessarily a good thing

Dear Mark: What are your thoughts of betting multiple hands at blackjack? I do it now and again to change the flow of cards on the game, especially on the automatic shufflers. Cal F. There is no mathematical footing, Cal, for this misleading notion that by switching from one spot to two, you will "change the flow of cards," and that by so doing you will change your luck on the table...read more

Isle of Capri awarded Pennsylvania gaming license

HARRISBURG, Pennsylvania -- Regional gaming operator Isle of Capri Casinos was awarded Pennsylvania's final gaming license Thursday by the state's gaming regulators.The St. Louis-based company will build the Lady Luck Nemacolin at Nemacolin Woodlands Resort in Fayette County...read more