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Hindsight, as they say, is 20/20. And right now, hindsight is being quite critical of bwin.party’s decision to accept the acquisition offer of GVC Holdings over that of 888 Holdings earlier this month. According to UK newspaper The Independent, “observers have questioned the logic of choosing a far smaller player to take it over,” particularly… Read more »
Two men were arrested last Wednesday in Weston, Florida for allegedly running an illegal gambling operation. Michael Kieran McGuinness, 60, and Daniel Frederick Husley, 38 were led out of the Smoke on the Water Cigar Bar in zip-tie cuffs in the midst of what appeared to be a poker event. The arrests were the result… Read more »
The ten finalists for the 2015 Poker Hall of Fame class were announced by the World Series of Poker yesterday after a public nomination period and a vetting process conducted by the PHOF Governing Council. Six of the nominees have been on this list before, while four (yes, I just checked, the math works out)… Read more »
It’s not quite the interstate gaming arrangement we were looking for, but it’s a start. On Thursday, the New Jersey Division of Gaming Enforcement announced that it has approved deal in which Scientific Games will operate an online gambling product from Atlantic City, but for Delaware players only. The New Jersey DGE issued the following… Read more »
In an earnings call in April, Amaya Gaming CEO David Baazov said that he wanted his company to go live with a daily fantasy sports (DFS) product by the time the NFL season started. Mission accomplished. On Friday, PokerStars’ parent company officially launched StarsDraft.com in the United States, just in time for the NFL season,… Read more »
The battle for bwin.party, parent company of partypoker, continues. On Tuesday, bwin.party confirmed that it has received another acquisition proposal from 888 Holdings, though it has not revealed any of the proposal’s details. The brief announcement is as follows: Further to its announcement on 27 August regarding a proposal from GVC Holdings PLC (‘GVC’), the… Read more »
The face of Las Vegas continued to change last week as one of its oldest casinos, the Las Vegas Club, shut its doors for good just after midnight Thursday. It was almost dead already, but it was still a sad moment for its regular customers nonetheless. The Las Vegas Club opened in 1930, the year… Read more »
A Las Vegas-based casino operator has eyes on central Indiana and is willing to put a huge chunk of money up to make its vision a reality. According to a Tuesday report from the Las Vegas Review-Journal, Full House Resorts has proposed a $650 million gambling resort development in Indianapolis, one of the major commercial… Read more »
One of the most outspoken proponents of online gambling in the U.S. may seek the highest seat in the state of New Jersey in 2017. New Jersey State Senator Ray Lesniak let be known a bit over a week ago that he will not seek re-election to his spot in the Senate, instead eyeing the… Read more »
GVC Holdings, one of the two suitors for online gaming company bwin.party, confirmed Friday that it in talks with bwin.party to try to convince its board to move forward with a proposal which would have GVC acquire the parent company of partypoker. In a press release issued Friday, GVC stated: GVC is working closely with… Read more »
Professional poker player Phil Ivey and his gambling accomplice, Cheng Yin Sun, have filed a countersuit against the Marina District Development Co., LLC, parent company of the Borgata Hotel Casino & Spa, in conjunction with their defenses filed in the original “edge sorting” lawsuit brought against them by the Borgata. The saga dates back to… Read more »
The tug-of-war over internet gambling firm bwin.party continues as GVC Holdings refuses to let go of the rope just yet. GVC confirmed Monday that it has made another proposal to buy bwin.party, sweetening its previous offer and ditching its former partner. Bwin.party, the parent company of partypoker, has been on the block for at least… Read more »
UK-based gambling rivals Ladbrokes and Gala Coral announced their anticipated merger Friday, a combination that will create Britain’s largest bookmaker. The new company, called Ladbrokes Coral, will have a net revenue of £2.1 billion, EBIDTA of £392 million, and a market cap of £2.3 billion, according to a press release issued by Ladbrokes. “This is… Read more »
As we reported late last week, the poker world was shocked Friday morning when 888 Holdings and bwin.party agreed to a $1.4 billion deal that would have 888 acquire its fellow online gambling firm. The surprise wasn’t because bwin.party was sold – that has been a possibility for years – but rather that 888 was… Read more »
According to SBC News, online gaming firm 888 Holdings plc may make one more run at bwin.party in an attempt to intercept it from the waiting arms of GVC Holdings and Amaya Gaming. Last week, bwin.party Digital Entertainment and GVC Holdings both publicly confirmed that the two are in talks and that GVC had made… Read more »
Christian Lusardi, the man who brazenly counterfeited chips and profited from them at the Borgata in January 2014, is finally being brought up on charges for his scheme. After being sentenced for completely separate wrongdoing, he is now being charged in federal court for his crime that derailed the 2014 Borgata Winter Poker Open. In… Read more »
As residents of New Jersey were getting ready to celebrate Independence Day late last week, those who tried to partake in a little online gambling on Thursday afternoon were met with some unwanted resistance. According to NJ.com and later reported by numerous media outlets, four of New Jersey’s internet gaming sites were hit by a… Read more »
Jackpot Digital announced last week that it has reached an agreement with Multimedia Games, Inc. to purchase the company’s PokerTek business unit. The deal is worth $5.4 million, but may increase to as much as $7.5 million if the terms of an earn-out formula are met. An earn-out, in a nutshell, is a deal in… Read more »
In a ruling that should surprise absolutely zero people on the planet Earth, the California Supreme Court ruled last Thursday that the “sweepstakes” games offered by many storefront shops are illegal. For some reason, there had been a question about these sweepstakes gambling parlors, as if there was some technicality that made them legal. It… Read more »
PokerStars has announced that it is bringing back the All-in Kitchen this year in conjunction with the UK & Ireland Poker Tour (UKIPT) stop in Bristol, England. The fun dining gimmick will be open July 27th through July 29th at Pata Negra, a highly-regarded Spanish tapas restaurant. At the All-in Kitchen, customers will be able… Read more »
For people who operate online gambling sites, one of their worst nightmares is the thought of somebody being able to crack the site’s random number generator (RNG) and end up having knowledge of exactly what cards, spins, or dice are about to appear. It is bad enough if the hacker ends up cheating the house… Read more »
As a fan of technological doo-dads, gizmos, and gadgets, I subscribe to WIRED magazine, so imagine my surprise when I received the latest edition in the mail (yes, I read it in paper format) and found a short piece on 2014 World Series of Poker Main Event Champion Martin Jacobson. It is not an article… Read more »
UK-based gaming giants Ladbrokes and Gala Coral Group are discussing a possible merger, according to a report on RacingPost.com. The combined company would become the largest in the UK’s gambling industry. Ladbrokes CEO Jim Mullen confirmed the talks with the Racing Post, saying: Since becoming CEO my focus has been on a more aggressive plan… Read more »
If you want a say in who is elected to the Poker Hall of Fame (HOF), it is time to get on it, as the nomination period for the 2015 Poker Hall of Fame class is now open to the public. Largely the same as the past several years, those interested in shaping the Poker… Read more »
The World Series of Poker is about to begin and later this year, a few people are going to be millions of dollars richer. In 2008, Ivan Demidov was to be one of those skilled and fortunate players, as he finished second to Peter Eastgate in the WSOP Main Event, the first time the world… Read more »
