It is no secret that the Revolution Poker Network is marred by slow payouts. Its flagship, Wincake, has been unable to pay players within any reasonable time frame. Other sites on the network have also suffered due to the lack of the network’s ability to pay skins. Few players have been paid in the past […]
888 Drops Bid For bwin.party 888 was recently outbid by Sportingbet’s parent company GVC. The £1.1bn bid, or 130p-a-share based on Thursday’s stock market closing price, was about 10 percent higher than 888’s last effort. Brian Mattingley, CEO of 888, says that his company will no longer compete for bwin.party. 888 has backed out of […]
September Hearing for New York Online Poker to be Scheduled New York State Senator John Bonacic will be scheduling a hearing to discuss regulating online poker in the state, according to a report by Gambling Compliance. Bonacic is the chairman of the Senate Racing, Gaming, and Wagering Committee. The hearing will include all potential stakeholders. […]
Amaya Gaming Buys Fantasy Sports Site Amaya Gaming, parent company of PokerStars and Full Tilt Poker, entered the fantasy sports business this week. The acquired site is known as Victiv. It will be rebranded as StarsDraft, referring to its powerful PokerStars name. This will give the Stars brand access to legal online gambling in the […]
John Mehaffey – August 14, 2015 The U.S. online poker payment processing report has a new home. As has always been the case, the report is created independently. There was little movement this month from the previous one. The fastest cashouts slowed a bit. The slower sites showed little improvement. The previous month’s grade is […]
Full Tilt Makes Drastic Changes to Cash Games Full Tilt announced major changes to its cash games this week. Players are no longer able to choose exact tables to sit at when looking for cash game action at Full Tilt. Players choose the limit and the software automatically finds a table for that player. The […]
Affactive Sites Close After Leaders Arrested The management of Affactive sites were arrested for involvement in a pump and dump stock scam this week. The allegations accuse Zvi Orenstein, Gery Shalon, and Joshua Samuel Aaron. The group allegedly sent spam emails in the hopes of getting investors to buy penny stocks. All sites related to […]
Bwin.Party Sold to 888 for $1.4 Billion 888 announced on Friday that it would acquire bwin.party for £898 million, equivalent to $1.4 billion. The deal includes cash and equity. Amaya Gaming, parent company of PokerStars, also bid on bwin.party but lost out to 888. The acquisition gives 888 a near 100 percent market share in […]
Gatto Shelves Online Poker Bill California Assemblyman Mike Gatto shelved AB9, his bill that would regulate and legalize online poker in the state. Gatto stated that he felt there was a lack of consensus, making it impossible to move forward with California online poker. A committee hearing for the bill was canceled based on this […]
Seals With Clubs Chairman Returns to Nevada to Face Charges Bryan Micon, former chairman of the Bitcoin-only site Seals With Clubs, returned to Nevada to plead guilty to charges that he operated an unlicensed poker site in the state. The charges were filed after Micon’s Las Vegas home was raided in February by gaming agents. […]