September 2nd – Daily Deal
On today’s Daily Deal, the coalition of California casinos clarifies its stance on internet gambling legislation, 888 reports its financial results for the first half of two-thousand ten, the World Series of Poker Main Event continues airing on ESPN and we find out who the final nominees are for this year’s Hall of Fame. It’s all ahead… faster than you can say, “I can dodge bullets, baby.”
Hello, I’m Sean Gibson and welcome to the Daily Deal by Poker News Daily.
Recently, the Commerce Casino, Bicycle Casino, Hawaiian Gardens, Hollywood Park, and the California Gaming Association joined in opposition Congressman Barney Frank’s HR 2267, which would create a full licensing and regulatory framework for the internet gambling industry in the United States.
The four casinos have found themselves in a war of words against the Poker Players Alliance, which has launched an online petition at PlayersBeforeProfits.com to reverse their stance against the groundbreaking legislation. Poker News Daily sat down with card room coalition spokesperson Waltona Manion to explore the coalition’s resistance.
“We’re looking for Federal enforcement of the same strict licensing and regulation for online poker as U.S. land-based casinos abide by. This means that they have to license all of their employees and the physical operations should be in the U.S. In addition, the hardware and software should be tested and certified.”
She added, “Frank’s bill provides fewer industry regulations and player protections. It imposes lower taxes for foreign online companies than what U.S. casinos pay. It would enable illegal offshore companies to export significant money from our economy.”
We’ll keep you posted as this story develops.
888 Holdings, the gaming operator that owns 888 Poker, announced Tuesday that it will be cutting costs in order to address a loss in profits for the first half of 2010. The company has also decided to scrap its dividend in order to pay for acquisitions after the weak economy and World Cup caused a decline in poker revenue.
888’s first half financial results showed revenues were up 10.5% to one-hundred thirty million dollars, but pre-tax profit dropped by 56% to four point three million dollars. Poker revenue dropped 25% to nineteen point six million.
The WSOP Main Event continued airing on ESPN on Tuesday night with Day Two-B. Two one-hour episodes were devoted to the second Day Two and the feature table included Dan Harrington and Jeff Shulman, who were seated next to each other. Prahlad Friedman and Allied Network Solutions CEO Ted Bort tangled in a hand in which Bort called the clock after pushing all in. Friedman waited until the count reached one and quietly said, “I call,” but floor officials ruled that the clock had expired. Bort turned over top two pair and Friedman mucked.
A maelstrom of yelling ensued. ESPN aired a replay clearly showing that Friedman had called at the one-second mark and the dealer promptly said, “He called.” Nevertheless, another floor supervisor was summoned who also said the hand was dead. Don’t forget that Friedman was also involved in “Ante-gate” with Jeffrey Lisandro.
Finally, the nominees as voted by the fans are in for the Poker Hall of Fame. This year’s class is a who’s who of the poker world, all of whom have distinguished careers warranting their nominations. This year’s class of nominees, who will be voted on by the 16 living Hall of Fame members and a 17-person media panel. Only these 33 individuals cast votes for induction. The nominees are:
Well, that does it for today’s edition of The Daily Deal, and we’ll be back with you on Tuesday of next week. Be sure to visit Poker News Daily every day for the latest poker headlines, and be sure to check us out at twitter dot com slash poker news daily. I’m Sean Gibson, thanks for tuning in, and we’ll see you next time. Now go crush those fish at the tables!