Ultimate Poker to become first legal, real-money online poker site in US
But you have to be physically present within the state of Nevada to play
On Tuesday, UltimatePoker.com is expected to launch what will become the country's first fully legal online poker site, with one major catch: it will be limited to those physically present within the state of Nevada.
Neither the site nor state regulators have said precisely what means they will use to determine a player's location, but Nevada state officials said previously that it would be far more extensive than sim ...
Apr 30, 2013, 3:07 pm - Lottery News forum
Lotteries a threat to federal Web poker bill?
In the battle for online gambling in cyberspace, Nevada casinos and multiple state lotteries could be close to a showdown one that will shape the U.S. gaming industry forever.
The lottery, referred to as the most popular form of gambling in the world by Illinois Lottery Superintendent Michael Jones, just months ago broke ground on the Web. Jones, who was speaking on a panel at G2E held Monday in Las Vegas, has so far seen about 100,000 people in his state use the Internet to buy tickets.
Oct 3, 2012, 10:16 am - Lottery News forum
Online poker sites settle U.S. lawsuit for $731 million
The Department of Justice announced a $731 million settlement Tuesday with online poker companies PokerStars and Full Tilt Poker to resolve bank fraud and money laundering allegations.
Full Tilt also resolved allegations that it operated a Ponzi scheme, failing to maintain sufficient funds on deposit for players to withdraw. Prosecutors said last year that Full Tilt had used more than $400 million worth of player funds to pay board members and other owners since 2007.
As part of Tuesday's ...
Aug 1, 2012, 6:42 am - Lottery News forum
Internet poker owner handed 14-month prison term
An owner of Absolute Poker, one of the three largest Internet poker companies, was sentenced to 14 months in prison on Monday after admitting to deceiving banks over the processing of gambling proceeds.
Brent Beckley, 32, joined Costa Rica-based Absolute Poker in 2003 and became its head of payment processing. Last December, he pleaded guilty in Manhattan federal court to conspiring to break U.S. laws against gambling on the Internet. He also pleaded guilty to a charge of conspiracy to commit ...
Jul 23, 2012, 9:23 pm - Lottery News forum
CEO of poker site Full Tilt arrested
The chief executive of Full Tilt Poker, the beleaguered one-time Web poker giant, was arrested Monday on a plane that had just landed at John F. Kennedy International Airport as the government unveiled new criminal charges against him related to an alleged Ponzi scheme.
Ray Bitar, 40 years old, is the most significant person yet to turn himself into the Justice Department's 15-month-long effort to prosecute the three one-time leading online poker companies in the U.S. He pleaded not guilty in ...
Jul 3, 2012, 11:21 am - Lottery News forum
Feds seize gambling site Bodog, indict founder
The sports gambling site Bodog was shut down and four Canadians indicted, including founder Calvin Ayre, for illegal gambling that generated more than $100 million in winnings, federal prosecutors announced Tuesday.
The website's domain name was seized Monday and the indictments, which were returned Feb. 22, were unveiled Tuesday in Baltimore, prosecutors said.
The indictments follow federal prosecutions last year of three of the biggest websites involved in online poker. More than 75 comp ...
Feb 29, 2012, 7:19 am - Lottery News forum
Online poker advocates say legalizing won't hurt lotteries
A casino-backed group pushing for federal legislation to make online poker explicitly legal says regulating online card play nationwide won't hurt state lotteries.
Fair Play USA released a data analysis on Tuesday that showed no correlation between spikes and dips in the online poker market with changes in revenues for state lotteries.
Eugene Christiansen, a founding partner with the firm that wrote the analysis, Christiansen Capital Advisors, LLC, said the data showed that poker and lotte ...
Dec 7, 2011, 10:29 am - Lottery News forum
Full Tilt Poker a ponzi scheme, says U.S. attorney
An Internet poker company that was blocked from operating in the U.S. in the spring as part of an online gambling crackdown was not a legitimate poker company, but a global Ponzi scheme, federal prosecutors said Tuesday.
The popular Full Tilt Poker website illegally raided player accounts to fund operations and make lavish payments to its owners, Justice Department lawyers said in a revised civil lawsuit filed in New York.
Over four years, the company used $444 million in player money to p ...
Sep 21, 2011, 8:10 am - Lottery News forum
Three largest online poker sites shut down by FBI
Executives indicted, arrested
The founders of the three largest online poker sites were indicted by the FBI on Friday in what could serve as a death blow to the thriving industry.
Eleven executives at PokerStars, Full Tilt Poker and Absolute Poker were charged with bank fraud and money laundering in an indictment unsealed in a Manhattan court. Two of the executives were arrested on Friday morning in Utah and Nevada. Federal agents are searching for the others.
Prosecutors are seeking to ...
Apr 15, 2011, 4:40 pm - Lottery News forum
Approval for online poker in D.C. seen as long shot
Congress sent a message Wednesday to D.C. officials who this week approved plans for the city lottery to offer online poker: Not so fast.
The D.C. Council on Tuesday, with little discussion and no public notice, voted 11-2 in favor of a budget amendment that would legalize online poker and fantasy sports gambling through the D.C. Lottery as a means of helping plug a $200 million budget gap.
But on Wednesday, Rep. Jason Chaffetz of Utah, ranking Republican on the House subcommittee that ove ...
Dec 9, 2010, 8:06 am - Lottery News forum