Phil Ivey has been ordered to pay back $10.1 million he won from the Borgata Casino in 2012 while using an advantage play method known as, "edge sorting." U.S. District Judge Noel Hillman ruled that Ivey's methods violated the New Jersey Gaming Control Act which made the massive roll illegal. Ivey will not, however, be…
The island nation of Antigua is implementing a new tax structure for land-based and online gambling operators that emphasizes local employment. Members of the Antiguan Financial Services Regulatory Commission met last week to discuss proposed changes to the rules governing gambling businesses on the island. Among the changes is a new tax code that would…
Pennsylvania Congressman Michael Fitzpatrick (R) introduced a bill last week calling for a rollback on the Department of Justice's (DOJ) 2011 decision giving states the final word on regulated online gambling. Fitzpatrick's bill, which clocks in at a remarkably short two pages, suggests that a decision from the DOJ does not, "...carry the full weight…
Ladbrokes is teaming up with Digital Sports Tech to bring custom prop bets to the massive Australian sports betting market. It's a move that, if successful, could add a very profitable vertical for bookmakers worldwide. The new partnership will allow Ladbrokes to implement a new level of personalized sports betting by letting punters build their…
888Poker is partnering up with FlowEsports in a deal that could expose the online poker brand to the rapidly growing esports market via a game called Hearthstone. The deal, which was announced on 888Poker's official blog, revolves around members of the FloweSports team as they play Hearthstone, an online card game with more than 40…
Paddy Power co-founder Stewart Kenny is so opposed to the spread of fixed odds betting terminals (FOBTs) that he secretly lobbied the Irish government in an effort to ban them entirely, according to a recent report in the Times (registration required). Stewart, who resigned his position as a board member with the company during the…
Jack Lam, one of the biggest names in the Asian casino junket buiness, has fled the Philippines after President Rodrigo Duterte issued an order for his arrest on bribery charges. Sources in the Philippine Government allege that Lam attempted to bribe Justice Secretary Vitaliano Aguirre and Philippine Amusement and Gaming Corp. chairperson Andrea Domingo during…
Early this week, the Chinese government expressed its concern over the Philippine government's detention of 1,200 Chinese nationals as part of its ongoing crackdown on online gambling. The detention could cause a serious strain in Duterte's efforts to improve relations with his country's massive neighbor. The international incident began last week when Philippines' law enforcement…
Paul Tate avoided a date with a US prison cell after turning himself in to US authorities for his role as the payments director at PokerStars during the Black Friday-era. Tate stood in front of US District Judge Lewis Kaplan in a Manhattan court room on Monday to face the music for his role in…
500.com is hoping that its recent acquisition of a Chinese social poker site will help quell investor worries by bringing the company some much-needed positive revenue. It's a big move that could be a life changer for the struggling sports lottery giant. Company officials announced the acquisition of a 51 percent share of Qufan Internet…
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