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This Week in Gambling - Poker News
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Allan Le Wins Manila Millions Super High Roller Event 2012

Allan Le Wins Manila Millions Super High Roller Event 2012 | This Week in Gambling - Poker News | Scoop.it
US player Allan Le has won Asia’s biggest buy-in tournament ever, the Manila Millions 2012 and a grand prize of HKD $13,080,000...


31 players in total entered the HKD $1 million (USD $128,000) buy-in including the likes of Phil Ivey, John Juanda, Tom Dwan, Johnny Chan and APT Ambassadors Joe Hachem, JC Tran and Nam Le.


Poker fans across the globe were treated to live streaming video of the event (with a slight time delay).


The Manila Millions Super High Roller Event is part of the Asian Poker Tour Philippines, which runs through the weekend and concludes on the 25th.

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EPT Berlin 2012 Final Table Determined

EPT Berlin 2012 Final Table Determined | This Week in Gambling - Poker News | Scoop.it
We now know the EPT Berlin 2012 final table and it promises to be a good one.


Finalists include the likes of Andrew Chen and David Kitai, both of whom have made final tables in previous European Poker Tour events.


Chen, a 24-year-old from Ontario, Canada, finished third at EPT Prague in Season 6 and was runner-up in a 2009 $1,500 WSOP side event. He came in 5th at the Season 6 EPT Grand Final and eventually went on to win his first major, the $5k Bounty Shoot-out at the PCA for $263,100. At this year’s PCA, he was runner-up in the PCA 6 Max High Roller for $191,984. Chen’s winnings on the live poker circuit now total over $2 million.


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Americas Cardroom Unexpectedly Hands Out $420,000

Americas Cardroom Unexpectedly Hands Out $420,000 | This Week in Gambling - Poker News | Scoop.it
In addition to the $250,000 that was guaranteed, another $170,000 was handed out at Bad Beat Jackpot tables during Liberty Quarter Million online poker tournament...


The anniversary of Black Friday has been nothing short of legendary for online poker players at Americas Cardroom. On Sunday at 7pm, the online poker site marked the anniversary of Black Friday with the Liberty Quarter Million, an online poker tournament with a $250,000 guaranteed prize pool. And on Monday, shortly after midnight with the Liberty Quarter Million still in play, Americas Cardroom handed out another $170,000 at the Bad Beat Jackpot tables.


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Poker News, One Year After Black Friday | Black Friday Anniversary

Poker News, One Year After Black Friday | Black Friday Anniversary | This Week in Gambling - Poker News | Scoop.it
I had the CalvinAyre.com team look at a few different angles on Black Friday.


It was one year ago today when the US DOJ in the Southern District of New York unsealed indictments against the three largest US facing poker sites – PokerStars, Full Tilt Poker and Absolute/UB. There’s no need to recap the events as we were all there and in some ways affected by the events of Black Friday.


The landscape has changed and it will continue to change for the American poker player in the coming years. Groups like the Poker Player’s Alliance, iMEGA and other pro-gambling lobby groups will continue to push for regulation but with so many current stakeholders with a finger in the pie and potential stakeholders looking to put a finger in the online poker pie, the only thing clear right now is the online poker landscape won’t be cleared up anytime soon.


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World Series of Poker $1M buy-in to set record - CBS News

World Series of Poker $1M buy-in to set record - CBS News | This Week in Gambling - Poker News | Scoop.it
$1 million buy-in tournament will generate the richest top prize in poker history at more than $12 million...




...and potentially more if additional players get in.


Series officials planned to announce Thursday that 30 players are committed to participate in the Big One for One Drop starting July 1 in Las Vegas.


That number puts the top prize at $12.3 million, which is more than the $12 million Jamie Gold won in 2006 for beating over 8,700 players at no-limit Texas Hold 'em in the $10,000 buy-in main event.


The final table will air live on ESPN, series spokesman Seth Palansky told The Associated Press. The winner will also earn a specially designed platinum bracelet.


Eight-time gold bracelet winner Erik Seidel has joined the field, along with the chief executives of a private college lender and a stock trading firm.


The field is a mix of high-stakes poker sharks known for their tremendous skills and wealthy businessmen for whom $1 million isn't much to spend. Of the 30 players in the field so far, only 10 are professional poker players.


Players such as Johnny Chan, Tom Dwan and Daniel Negreanu are salivating at the chance to match up against lesser players, but billionaires like casino owner Phil Ruffin, and tournament organizer and Cirque du Soleil founder Guy Laliberte say they won't be as nervous with seven figures at stake.


The 30 confirmed players have already put up their buy-ins, and series officials expect to reach a cap of 48 entries. With that many players, the top prize would be $18.3 million.


The $1 million buy-in tournament includes a roughly 11 percent cut for charity but doesn't include the normal fees charged by the series for holding the tournament.


Laliberte organized the tournament with WSOP officials to raise money for One Drop, a non-governmental organization he founded that pushes for access to water in poor countries.

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Viktor Blom set for most expensive European Poker Tournament ever

Viktor Blom set for most expensive European Poker Tournament ever | This Week in Gambling - Poker News | Scoop.it
The most expensive poker tournament in Europe ever will be played in Monte Carlo April 23-25, and one of the players will be 21-year-old Swede Viktor Blom.


The Grand Final of the European Poker Tour takes place in Monte Carlo April 23-May 1, and one of the events on the schedule is the Super Highroller tournament, with a buy-in of €100,000. This will be the most expensive poker tournament ever in Europe ever, and the starting field will contain several of the most famous high-stakes poker players in the world, including Sweden’s Viktor Blom.


It won’t, however, be Blom’s first Super Highroller event. Back in January of this year he played – and won - the $100,000 Super Highroller event during The PokerStars Caribbean Adventure at the Bahamas. Blom defeated American Daniel Shak heads-up and received $1,254,400 in prize money. Playing under the nick name Isildur1, Blom is primarily known as an online player and the victory in the Super Highroller at the Bahamas was his biggest live score by far.


The prize pool in the Monte Carlo might be even richer. 30 players entered the Bahamas tournament, and there is a good chance the Monte Carlo event will see more entrants, as a number of big names already have signed up.

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Jay Tan Joins Bodog Poker Room Team

Jay Tan Joins Bodog Poker Room Team | This Week in Gambling - Poker News | Scoop.it


Tri-lingual, Hong Kong resident, Jay Tan, has signed up to keep Tatjana Pasalic company in the hottest poker team in the world as the Bodog Recreational Poker Model launches in Asia.



Jay’s signing coincides with the launch of a Chinese speaking client on the Bodog Poker Network and her fluency in Mandarin and Cantonese coupled with her poker prowess made her an irresistibly strong candidate. To date no other poker room has so specifically targeted itself directly to Chinese speakers and Bodog88 believe they can forge a new market for online poker.


Jay who confesses to regularly dreaming about getting leathered up, straddling a Ducati Monster and heading out on to the race track is the latest stunner to join Bodog’s poker team.

Jay is also pretty useful at the felts and recently came second in the Red Dragon event at the Macau Poker Cup.


The adrenalin junkie is also a keen Mahjong player too — due in part to her aunt’s critically acclaimed book The Joy Luck Club in which bonding around the mahjong regularly features. Online mahjong is now the fastest growing game in Asia with an estimated 10 million playing at any one time. Jay is a keen player of both online poker and mahjong and explains her decision to join Team Bodog:

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Phil Hellmuth: Adderall, Crank Usage has Helped Poker Players Win Millions

Phil Hellmuth: Adderall, Crank Usage has Helped Poker Players Win Millions | This Week in Gambling - Poker News | Scoop.it
Appearing on Quadjacks Radio this past week, the self-proclaimed “Poker Brat” Phil Hellmuth discussed the drug Adderall and how it can be affective when playing poker.


Adderall, a brand name of amphetamine salts-based medication used for attention deficit hyperactivity disorder and narcolepsy, directly affects the mesolimbic reward pathway in the brain. Amphetamine salts preparations are considered to have high abuse potential. It is widely used as a “study drug” at many universities as it reportedly helps to focus energy and concentration to a much higher level than normal.


“If you are going to use it occasionally, there are ways to control your thoughts,” Hellmuth said during an interview with Quadjacks Radio. “Especially when there is a lot of money on the line.”


During the interview it was claimed that poker players who took Speed over a period of 8 months ended up winning over a million dollars but eventually they lost it all back after the drug stopped working.


Hellmuth noted that most drugs, including alcohol, typically lead to dependency. Drinking and playing poker, for example, could have an adverse effect on one’s game.


Hellmuth stopped drinking while playing poker in 1994.

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Poker Pros Get Tax Break in 2012

Poker Pros Get Tax Break in 2012 | This Week in Gambling - Poker News | Scoop.it
Great news for poker pros in 2012 as the tax court has issued a ruling that is beneficial regarding deductions.


The key take-away is that poker losses are now deductible for professional gamblers beyond your profits, so you can carry them forward and backward to offset income in other years. You can file on Schedule C instead of Schedule A, which limits deductibility.


Of course, none of you probably have any losses to deduct, but it’s nice to know that you have the right anyway.


Under the holding in Mayo and the IRS’ acquiescence to it, professional gamblers are allowed to fully deduct their nonwagering business expenses beyond wagering gains. Nonwagering business expenses may include transportation, meals and entertainment, admission, subscriptions and other fees. In addition, if nonwagering expenses exceed wagering gains and other income, they may give rise to a net operating loss that may be carried back to previous-year returns or carried forward to future-year returns. Professional gamblers still must substantiate the amount and the business purpose of the expenses to secure their deductibility.

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Daniel Negreanu: Why Hate on Phil Ivey?

Daniel Negreanu:  Why Hate on Phil Ivey? | This Week in Gambling - Poker News | Scoop.it
Poker pro Daniel Negreanu defended his friend Phil Ivey on the posting boards this weekend, insisting Ivey had no part in the Full Tilt Poker debacle


It has been nearly a year since Full Tilt Poker had its bank accounts froze by US authorities, claiming the company’s executives were engaging in bank fraud and money laundering. The Feds later alleged that three poker pros with shares in Full Tilt Poker helped perpetrate an elaborate ponzi scheme. These individuals included big name players Howard Lederer and Chris Ferguson. Ivey was not accused of taking part in the scheme...

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Is Full Tilt gearing up towards re-launch?

Is Full Tilt gearing up towards re-launch? | This Week in Gambling - Poker News | Scoop.it

It's been a tumultuous year for Full Tilt to say the least. After the Black Friday indictments, the company had its license revoked, was named a "Ponzi scheme" by the Department of Justice, faced two class action lawsuits and had some of its biggest representatives suffer severe and irreversible brand damage. The company has also experienced a lengthy period of negotiations that has only left those interested in the company's status with a bitter taste in their mouth. There have been no formal press releases, no widespread media interviews and minimal outreach in communication. Quite simply, the company has done its best to remain in the dark as they appear to take a step in a new direction.


Through recent filings in Ireland and Malta, the company has finally revealed its new course and it appears to be under the guidance of Laurent Tapie and Prosper Jeremy Masquelier, the named directors of New Full Tilt Limited. Additionally, Orinic Limited, a subsidiary of Full Tilt, has applied for a Category 2 License with the Alderney Gaming Control Commission to offer online gambling. The license hearing will take place on May 3 in Alderney and will be open to the public. Even if the hearing goes smoothly, the license will not be awarded that day. The company is also hiring with start dates at the end of April.


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Playtech To Enter Social Poker Market

Playtech To Enter Social Poker Market | This Week in Gambling - Poker News | Scoop.it

Playtech, owner of the iPoker network, today announced it was planning to buy a business-to-business social gaming platform for €95 million from its leading shareholder Teddy Sagi.


A non-binding memorandum of association has been signed pending a shareholder vote which is needed because of Sagi’s association with the deal. Playtech’s share price fell 15.25p to 335.25 at the time of writing as the market reacted negatively to the deal.


The company said of the move, “By completing the intended transaction, Playtech would gain access to a broad range of social gaming platforms and products and believes it would be uniquely positioned as a leading B2B provider with the ability to supply cross platform capabilities for a full suite of products including social casino, poker, bingo and rummy.”

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Breaking News: Poker Legend Amarillo Slim on Deathbed

Breaking News: Poker Legend Amarillo Slim on Deathbed | This Week in Gambling - Poker News | Scoop.it
One of the greatest poker icons ever, Amarillo Slim, was reportedly in a hospice late Monday evening, April 16, 2012, clinging to life.


Amarillo Slim, whose real name is Thomas Austin Preston, Jr., is 83 years old.


Preston won the main event at the 1972 World Series of Poker and was inducted into the Poker Hall of Fame in 1992.


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The Bill the PPA Wants Online Poker Measure Attached to: Civil Liberties at Stake

The Bill the PPA Wants Online Poker Measure Attached to: Civil Liberties at Stake | This Week in Gambling - Poker News | Scoop.it
Protests are planned against the very bill the Poker Players Alliance is touting as one that will provide freedom for countless numbers of card players in the States.


The PPA wants to attach a bill that would legalize online poker to the controversial Cyber Intelligence Sharing and Protection Act (CISPA). It is a cybersecurity bill that allows the sharing of information between government agencies and private companies.


There is reason to worry, claims Digital Trends reporter Andrew Couts:


During the week of April 23, the House of Representatives is expected to vote on the Cyber Intelligence Sharing and Protection Act of 2011 (CISPA). And starting on Monday, a variety of organizations, including the Electronic Frontier Foundation, the American Civil Liberties Union, the Center for Democracy and Technology, The Constitution Project, Demand Progress, Engine Advocacy, Fight for the Future, Free Press, Reporters Without Borders, Techdirt, and TechFreedom plan to launch a “week of action” campaign against CISPA, a bill they believe remains dangerously broad in its language, which could result in abuse by the government, and damages to our civil liberties.


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Power Rankings: Steve O'Dwyer Rides Momentum Through Europe

Power Rankings: Steve O'Dwyer Rides Momentum Through Europe | This Week in Gambling - Poker News | Scoop.it
Steve O'Dwyer has been on an incredible tournament run. The American pro who cut his chops in online poker has been taking Europe by storm over the last year.


Added to his list of accomplishments by winning WPT Denmark. This victory catapulted O’Dwyer from 11th all the way up to 4th place, the biggest jump in this week’s rankings.


With 2012 very much being the year of Jonathan Duhamel to this point, it is unsurprising that he still holds a commanding lead in the Power Rankings. Several of those chasing Duhamel, Will Failla (2nd), Shawn Buchanan (3rd), and Bertrand Grospellier (5th) each lost a few points but kept their spots in the top five. There were two newcomers to the Top 20, as David Peters enters the list at 19th, thanks to his final table appearance at EPT Campione and Michael Mizrachi climbs to 20th by virtue of others losing points.


Two players dropped just off of the list due to small cashes no longer counting; Scott Clements and Roberto Romanello are just on the outside looking in at this point. Each remains within ten spots and 50 points of regaining their spot on the list.


The biggest drops this week all have to do with the NAPT at Mohegan Sun. Eugene Katchalov lost half of the value of his second place finish from the 2011 High Roller Bounty, as it’s been over a year. He dropped four spots to 12th place, negating his previous jump. Vanessa Selbst dropped seven spots, switching places with O’Dwyer on the list and falling to 11th. The first of her two consecutive NAPT Main Event titles at Mohegan Sun has passed the two year mark and is no longer counted in this contest.


The biggest drop, however, belongs to Jason Mercier. The first of his two consecutive wins in the NAPT High Roller Bounty Shootout in 2010 is also no longer counting for his place in the Power Rankings. The 270 points he lost dropped him ten spots from 6th all the way down to 16th place.


With a number of WPT events on the horizon and the WSOP less than six weeks away, there is likely to be plenty of movement on this list in the coming months.

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New class-action suit filed against Full Tilt Poker directors

New class-action suit filed against Full Tilt Poker directors | This Week in Gambling - Poker News | Scoop.it


Two Full Tilt Poker directors were hit with another class-action

lawsuit Thursday by online poker players upset because they can’t withdraw funds from the company.




Attorneys for four lead class-action plaintiffs filed suit in federal court in Las Vegas against Full Tilt directors Howard Lederer and Chris ''Jesus'' Ferguson, alleging conversion.


The lawsuit complains that before and after ''Black Friday'' — nearly one year ago on April 15, 2011 — Lederer and Ferguson ''exercised unlawful dominion and control'' over players’ funds in Full Tilt accounts.

It was Black Friday when federal prosecutors unveiled a crackdown and criminal fraud charges against online poker sites Full Tilt, PokerStars and Absolute Poker.


Later in 2011, the government claimed Full Tilt ''was not a legitimate poker company, but a global Ponzi scheme.''


Thursday’s lawsuit in Las Vegas focused on the Ponzi scheme allegation, charging U.S. players have been wrongfully denied access to some $150 million in their Full Tilt accounts in part because of the actions of Lederer and Ferguson.


The lawsuit claims Lederer received some $42 million in distributions and ''profit sharing'' payments, some of which was loaned from Full Tilt and may or may not be outstanding; while Ferguson similarly received $85 million, some of which may have been in the form of loans.


''Additionally, defendants approved distributions and loans to the other owners of Full Tilt Poker from funds directly traceable to the player accounts,'' the lawsuit says. ''The distributions and loans to Lederer, Ferguson and the other Full Tilt Poker owners were from intermingled funds containing monies from the player accounts.''


The suit seeks a court order requiring the defendants to refund players their money and punitive damages.


The lead plaintiffs in Thursday’s suit are poker players Steve Segal of New York, Nick Hammer and Robin Hougdahl of Minnesota and Todd Terry of New Jersey.


The same four players last year filed a class-action suit against Lederer, Ferguson and other Full Tilt officials and corporate entities in New York alleging racketeering because of an alleged pattern of bank fraud, wire fraud and money laundering; but in January a federal judge found that court lacked jurisdiction over the individual Full Tilt defendants.


In trying to establish jurisdiction for the new Nevada lawsuit, the players’ attorneys cited ''diversity jurisdiction'' in which all parties are residents of different states; and ''personal jurisdiction'' and ''venue'' because Lederer lives in Nevada, Ferguson has ''conducted substantial business'' within Nevada and ''because many of the wrongs and acts complained of herein were contemplated and executed by defendants in this district.''


The Full Tilt defendants have not yet answered the new Las Vegas lawsuit, but they’ve denied similar allegations in other suits including one filed in October in Los Angeles by different poker players.


The Los Angeles lawsuit names not just Lederer and Ferguson, but also Full Tilt CEO Raymond Biter and celebrity players including Phil Ivey.


Besides the New York and Las Vegas cases involving Segal and his three co-plaintiffs, and the Los Angles case; there are three other federal civil suits pending against Full Tilt and its officials involving different plaintiffs in New York.


One of those plaintiffs is the United States, which in an amended complaint in September unveiled the Ponzi scheme allegations against the company. The government claims that as of March 31, 2011, Full Tilt Poker owed about $390 million to players around the world, including about $150 million to U.S. players, but had only about $60 million in its bank accounts.


Thursday’s Las Vegas lawsuit was filed by attorneys at the firm Shook & Stone Chtd. In Las Vegas and the firm Wolf Haldenstein Adler Freeman & Herz LLP in New York.

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'All In: The Poker Movie' review, trailer

'All In: The Poker Movie' review, trailer | This Week in Gambling - Poker News | Scoop.it

BY JOHN SOLTES

NEWJERSEYNEWSROOM.COM

MOVIE REVIEW


Douglas Tirola’s new documentary about the recent poker craze is an interesting investigation of arguably the largest gaming/sports trend of the past decade. Texas hold ‘em, the wildly popular card game, has spawned a universe of celebrities, sponsorship deals, TV coverage and notoriety. 'All In: The Poker Movie', not to be confused with the similarly titled poker film that will play the Tribeca Film Festival, looks at the phenomenon and dissects its many ups and downs.


Although the poker fanaticism has largely been lucrative (at least for the winners), there has been a downside. With the federal government’s decision to step up enforcement of online poker play (a day called Black Friday by professional poker players), the industry has taken a hit. What had become an everyman’s game suddenly was outlawed. One couldn’t sit in the comforts of his living room (likely wearing boxer shorts and a pizza-stained T-shirt) and play against other poker fanatics on the web. The documentary looks at the reaction of professional poker players to that fateful day and what might happen to the industry in the future.


Whatever might occur for online poker play, there’s no denying that Texas Hold ‘Em has taken over the world. Winners of the World Series of Poker tournaments become instant celebrities, scoring sponsorship deals and a cadre of fans. Movie stars — like Matt Damon and Jennifer Tilly — are frequent players, and TV has revolutionized the sport with constant coverage of high-profile tournaments.


It’s a lot of ground to cover for an hour and a half, but Tirola’s film keeps us interested and enthusiastic. Its strongest point is focusing on Chris Moneymaker’s story. Here’s an average guy who in the 2000s had a lot of bills to pay and not too many prospects to settle his debts. With an unbelievably appropriate last name, he entered an online poker tournament and won a seat at the World Series of Poker championship in Las Vegas. Poker fans will already know how his Cinderella story ends, but for newcomers, it’s an often inspirational story. Moneymaker proved to the world — but mostly to the average Joe — that anyone can rise to the top in the world of Texas hold ‘em.


Not everything works in the movie. There are so many talking heads, including professional poker players, TV commentators and industry experts, that the conversation is pulled in too many directions. Some of the more academic and journalistic voices feel unnecessary. After all, at the end of the day, it’s just a game of cards. The side plot involving the success of the movie Rounders, starring Damon and Edward Norton, is fascinating and somewhat appropriate to the film’s overall theme. The film bombed at the box office, but still grew a legion of fans who were thrilled by the charisma of poker personalities and the inherent theatrics behind the game.

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Poker is Definitely Not a Sport

Poker is Definitely Not a Sport | This Week in Gambling - Poker News | Scoop.it
Poker is Definitely Not a SportYahoo! SportsHow does poker stack up? It turns out to be pretty close. Poker is a mental game not a physical one.


The game of poker is a lot of things to a lot of people. But despite being shown on ESPN, poker is definitely not a sport. Here is why.


Poker is a mental game not a physical one. Even though events like the World Series of Poker require several days and numerous hours of competition, it is still just a game about thinking. The physical aspects of poker are secondary to knowledge, strategy and observation. Poker lacks the physical exertion that defines an activity as a sport.


While there is luck involved in poker, there is also a tremendous amount of skill. Players need to know when to check, bet, raise and fold. They need to read players and anticipate their moves. Poker players also need to know what hands to play and how to play them. There is a lot of skill involved. But skill alone does not make it a sport.


Poker is a very competitive activity. There is more to winning than championships and trophies. In poker, winning means money. For that reason, poker can be a cutthroat activity.


For some people, poker is a highly entertaining activity. It is fun to play and watch. People enjoy watching poker on television. Seeing poker players make great plays, call bluffs or read hands can be fascinating to watch.

So based on the traditional definition, poker clearly does not qualify as a sport. Poker is an entertaining competition that requires a lot of skill to be successful. But it lacks the physical exertion that truly defines an activity as a sport.

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New Jersey Online Poker Bill Scores Win

New Jersey Online Poker Bill Scores Win | This Week in Gambling - Poker News | Scoop.it
CardPlayer.comNew Jersey Online Poker Bill Scores Small WinCardPlayer.comOnline poker in New Jersey doesn't face an easy road, as it has been difficult historically to please Gov. Chris Christie with a proposal.


News that real estate mogul Donald Trump is looking to team up with online gambling powerhouse 888 Holdings to bring regulated “real money” Web card rooms to the US could become muted later Tuesday as a measure to legalize the industry in New Jersey will face a tough challenge in the state Senate.

John Brennan of NorthJersey.com explains:


The online poker bill is one of only two being considered today by the state Budget and Appropriations Committee. That 13-member group is chaired by state Sen. Paul Sarlo, D-Wood-Ridge, the representative for the district that includes the Meadowlands Sports Complex.


This bill is sponsored by state Sens. Ray Lesniak, D-Union, and James Whelan, D-Atlantic. Sarlo and Whelan are not always in sync, even though both generally back expanding gambling in the state.


Sarlo – the leading proponent for construction of a casino in the Meaowlands – tends to be leery of measures that he sees as being too Atlantic City-centric. For instance, he likely would look to see that the Meadowlands Racetrack be a specific beneficiary of online poker legislation, perhaps with “betting rooms” permitted for such purposes.

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888 & Bwin.Party Poker Get Ready for US Market

888 & Bwin.Party Poker Get Ready for US Market | This Week in Gambling - Poker News | Scoop.it

The day has come when the poker companies who followed the UIGEA and bowed out of the US gambling market can sit back and say that they had made the right and best decision.


Although the US has not yet legalized internet poker and sorted out all the regulations and taxation stipulations, it is making headway in some areas such as intrastate poker and a state by state legalization of online poker. As a result, all the poker companies and interested new ones will be entering the US market as soon as the way is paved for it. These poker sites will then offer online poker services to the desperate American poker players left without strong poker rooms to play in and in all likelihood end up making a lot of money.


rian Mattingley, from 888 Holdings is looking forward to the opportunity to cater to US poker players. “We are more than ready to take advantage of liberalization in the industry. We have a unique position in the US allowing the launch of a real money offering immediately as either federal or state based regulation is finalized and upon licensing by gaming authorities.”Norbert Teufelberger, who is the co-Chief Executive Officer of Bwin.Party Digital Entertainment appears to be very optimistic in American internet poker market opened.


“It is a significant opportunity for the company because in our history, we had 50 percent market share, that market was close to three quarters of a billion dollars,” he said. Teufelberger also went on to add that the opening of the American internet poker market would allow for a strong and noteworthy opportunity for the Bwin.Party Digital company to profit.


Poker companies like 888 Poker and Party Gaming (now Bwin. Party) who gracefully backed out of the US as per the rules of the UIGEA, blocking American poker players from their sites and thus losing out on both traffic and revenue from this market can now have the opportunity to re-enter the US with their reputations intact.


On the other hand, sites like PokerStars, Absolute Poker and the decimated Full Tilt Poker may be now seeing the wisdom in the moves made by 888 Poker and Party Gaming. PokerStars, while retaining its stalwart reputation, may have an easy re-entry of it, simply because they dealt very fairly with their players and are giants in the industry but is sure to have severe competition with Bwin.Party back in the picture.

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