Featured Articles Archive - Page 601

NETeller halts Israeli online gambling transfers

NETeller will no longer process online gambling related transactions for Israeli customers, according to a press release issued last week. "Recent legal developments have increased the uncertainty regarding the legality around certain activities related to online gambling in the Israeli market," the release stated. The halt took effect on July 19. NETeller will continue to process non-gambling related transactions for Israeli customers...read more

Pre Costa Rica: The Anticipation and The Price

Kate from Wager Profits: my partner in crime Newport, Rhode Island, a fun little beach town located less than 1.5 hours drive from my apartment in Boston, MA. How many times have I been? Once. This past weekend. San Jose, Costa Rica, a vibrant, online gaming filled city located in Central America...read more

Suppliers urged to understand needs

LAS VEGAS, Nevada -- Major casino companies based in Las Vegas have expanded their presence along the Strip and beyond Nevada's borders. But they still look to local businesses to supply some of their needs. The task for small businesses, however, has become a bit more challenging. Mark Stolarczyk, vice president of corporate purchasing for MGM Mirage, who has spent 17 years in the gaming industry, said the days of small suppliers knocking on opportunity's door have long since passed. Suppliers need to understand the varied needs of the different gaming operators, he said...read more

IGT spins winner for third quarter

LAS VEGAS, Nevada -- Wall Street analysts had been guarded in their approach toward slot machine giant International Game Technology heading in the company's planned announcement Thursday concerning third-quarter earnings. The caution signs have been lifted. Reno-based IGT said its net income improved to $136.4 million for the three-month period that ended June 30, an increase of 16 percent from $114.1 million a year ago...read more

Main Event final table running diary

After struggling to find the ESPN pay-per-view broadcast of the 2007 World Series of Poker Main Event final table, me and the rest of the Casino City team (Aaron Todd and Vin Narayanan) settled in for a more than 15-hour epic poker battle that proved good guys sometimes come out on top...read more

$8.25 million answer to prayers

LAS VEGAS, Nevada -- Jerry Yang is a different kind of World Series of Poker champion. Vastly different. The diminutive 39-year-old psychologist, a Laotian immigrant, a married father of six small children and a born-again Christian from Temecula, Calif., honed his poker skills inside American Indian casinos around Riverside County...read more

Can Yang save poker's face?

It seemed odd when Jerry Yang started praying aloud at the final table of the World Series of Poker's Main Event. Poker players don't normally ask for divine intervention while playing a game often associated with the devil. At first, I was incredulous...read more

NETeller strikes deal; will return U.S. money

Financial payment process NETeller will pay $136 million to the U.S. government and admit criminal wrongdoing in the processing American gambling transactions as part of deal reached with U.S. prosecutors, the company announced today. The company will also begin the process of returning money to U.S...read more

ESPN's pay-per-view coverage of WSOP was like a blast from the past

Like legions of other men in their 20s, I feel in love with poker when I watched Chris Moneymaker win $2.5 million and a World Series of Poker title on ESPN in 2003. That tournament introduced me to the tradition and prestige of the poker's biggest stage, and like most other guys my age, it allowed me to dream that I, an amateur player, could someday take down the final table of the WSOP's Main Event. Those dreams have faded for the most part, as I've grown older and wiser and my life has changed to include a wife and son (though I do still hang on to one shred of hope)...read more

Magnus and the Main Event

This year's World Series of Poker Main Event had a little GPWA flair to it. Magnus Karlsson, the general manager of GPWA sponsor PokerHost, was one of the 6,358 players who bought a seat in the WSOP Main Event this month to vie for the second largest prize in poker history. The experienced poker player from Sweden plopped down his $10,000 entry fee on Day 1B in hopes of turning it into a cool $8.25 million...read more