California lawmakers are taking another stab at legalizing online poker with the introduction of The Internet Consumer Protection Act (AB 1677). The proposed legislation would establish a licensing scheme for the state; address the thorny issue of compensation for race tracks for not being allowed to participate in online gambling; and lays out the basics…
The Mohegan Tribal Gaming Authority (MTGA) is reeling this week after a pair of probes by Pennsylvania and internal gaming regulators left it suddenly without a CEO. Early last week, MTGA CEO Bobby Soper resigned from the top stop in the tribe's gaming bureaucracy to, "take on a new challenge." Soper had been in that…
Brandon Steven is a Kansas business man and high stakes poker player who, seemingly, has it all. He's a well-known on professional and private high stakes poker circuits where he regularly plays for massive amounts of cash. He's also known as a sharp business man who owns stakes in several car dealerships, health clubs and…
Carl Icahn Jr.'s foes in the New Jersey state house were delivered a blow this week when their efforts to overturn a veto of an anti-Icahn bill fizzled out. Governor Chris Christie vetoed the bill (S2575) last week and didn't hide his displeasure with the lawmakers who passed it. In remarks to the press, as…
International hedge fund operators are snapping up claims from former customers of the now defunct bitcoin exchange, Mt. Gox. The story was broken by reporters at the Financial Times (subscription required) who relied on their own sources at unnamed international hedge funds. The current offer being floated is 15 percent of the claims value in…
Zynga, the social gaming giant that ruled rode the early days of Facebook to massive popularity, is experiencing something of a rejuvenation in recent months. The company is reporting positive growth for 2016 and Q4 earnings that were beyond Wall Street's expectations. This is especially good news coming from a company that's always struggling to…
Philippines President Rodrigo Duterte is signalling an intensification of his war on gambling after issuing an executive order that clarifies the roles of various gaming license authorities. The decidedly unsexy Executive Order No. 13, which Duterte signed on February 2, chopped through the country's alphabet soup of regulatory agencies by stating that all regulatory agencies…
Carl Icahn, the billionaire owner of the Trump Taj Mahal casino, is getting ready to sell his casino and get the heck out of Atlantic City. The controversial casino owner made his decision after New Jersey lawmakers targeted his union-busting activities with a bill that would have stripped him of casino license for five years.…
Last night the New England Patriots pulled off one of the greatest comeback wins in NFL history with their 34-28 overtime win over the Atlanta Falcons and entered into the legends and lore of American sports betting. Besides offering up the first overtime in Super Bowl history, the Patriots also delivered a body blow to…
Lawmakers in the Philippines are questioning whether the Philippine Amusement and Gaming Corporation (PAGCOR) actually has the authority to license offshore facing casinos and sportbooks. Earlier this week, Sen. Francis Escudero wondered aloud whether that particular authority should rest with the Clark Economic Zone Authority (CEZA) and the Aurora Pacific Economic Zone and Freeport (APECO). …
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