[caption id="attachment_35425" align="alignright" width="190" caption="I won't forget you..."][/caption] Never Give Up Say what you will about U.S. Attorney Preetinder Singh "Preet" Bharara, but the guy is nothing if not determined. Once he sinks his teeth into an issue, he really sinks them in deep. Whether he's battling big-time financial interests or just trying to pull…
Bwin.Party is latest operator to make peace with the Commonwealth of Kentucky after cutting a $15 million check to settle claims against them in the Bluegrass State. Kentucky went after Bwin in hopes of recovering losses by their residents prior to the implementation of the UIGEA in 2006. For their part, Bwin.Party (which was still…
[caption id="attachment_34732" align="alignright" width="200" caption="PokerStars CEO, Mark Scheinberg"][/caption] PokerStars CEO Mark Scheinberg is set to shell out $50 million dollars to the US Department of Justice for violating the Unlawful Internet Gambling Enforcement Act (UIGEA). The settlement is being described as both a, "full and final settlement," but not as an admission of guilt by…
Bwin Over the past couple years Bwin co-CEO's Jim Ryan and Norbert Teufelberger have made all kinds of headlines on gambling news sites. These two have done everything from getting detained by Belgian authorities for serving the country's gamblers, to pulling a memorable publicity stunt at an industry conference in Las Vegas. Of course affiliates…
[caption id="attachment_30338" align="alignright" width="277" caption="Passing Reid-Kyl doesn't have to be so tough."][/caption] Could online poker revenues prevent a fiscal catastrophe in the United States? That's the point financial blogger Travis Hoium made in very interesting posting on Motley Fool this week. According to Hoium, the US Government is currently making the classic mistake of leaving…
[caption id="attachment_30002" align="aligncenter" width="425" caption="Player Funds Will Soon Be On The Way"][/caption] The United States Attorney’s Office for the Southern District of New York has announced that is currently evaluating applicants who will be in charge of handling all the remitted payments to players from Full Tilt Poker. Once a claim administrator is put into…
[caption id="attachment_28330" align="aligncenter" width="425" caption="Players are one DOJ step closer to getting money back"][/caption] There have been some recent movements with the progress of Full Tilt Poker’s legal status and what’s going on with the revived gaming brand. Now it looks like they have just sent out an email to players advising them that the…
[caption id="attachment_27369" align="aligncenter" width="425" caption="DOJ Keeps On The Pressure And Takes Over The AP Software."][/caption] The Department of Justice has now recently seized the actual software platform right from the Korean development company that created, serviced and maintained the platform. As first reported by American Gambling News who obtained a copy of the software right…
[caption id="attachment_26804" align="aligncenter" width="425" caption="Department of Justice Goes After Full Tilt For Travel Act Violations"][/caption] Tuesday, September 11 marked a second amended complaint from the US Department of Justice on its claim that defendants in the Black Friday civil case violated the 1961 Travel Act. The 51-year old “Travel Act” is a federal statute that…
Good news for American Full Tilt Poker account holders, as the Department of Justice (DOJ) is all ready to start start the long awaited reimbursement process, just as soon as they find a payment processor to help them with the heavy lifting. This week the DOJ posted a call for companies interested in taking on…
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