Harrah’s, MGM Mirage and Wynn have posted their results for the 3rd quarter of 2007, and it’s quite a mixed bag of profits, losses and unexpected lawsuits.
Since Harrah’s is the middle of a private takeover, its earnings did not affect their stock value very much. Total revenue grew by 13% compared to the 3rd quarter [...]

Read More... | Comment | By Joe Zusman | November 13, 2007

European Union Trade Commissioner Peter Mandelson visited Washington last week, seeking resolution to the pending $100 billion trade gambling dispute between the US and the EU.
Mandelson's visit is expected to help bring a resolution to the ongoing dispute regarding the size of the compensation due to the EU because of the US’ withdrawal from [...]

Read More... | Comment | By August Darnell | November 12, 2007

A battle has been won, but the war is still going on. The entire European Union is astir with gambling-related issues, and the trend seems to be moving towards opening frontiers and regulating gambling rather than banning it. Recently France and Sweden started considering changes to their gambling laws, and now it looks like it [...]

Read More... | Comment | By Neal Farran | November 9, 2007

Phoenix-based ABC affiliate KNXV-TV reported Wednesday that the high-end Paulson brand of poker chips, which are used both in casinos and in home games, contain levels of lead that register off the EPA’s charts.
The news channel sent 200 Paulson chips to an independent lab to be tested for lead levels.The findings:
• All surface swabs showed [...]

Read More... | Comment | By Rocco Havel | November 9, 2007

Slowly but surely, poker is getting the supporters it needs in Congress to get the online version of the game legalized and regulated.One of the two big bills making the rounds, H.R. 2046, the Skill Game Protection Act penned by Rep. Robert Wexler (D-FL), has gotten a major co-sponsor.Rep. John Conyers (D-MI), who also serves [...]

Read More... | Comment | By Kory Travers | November 9, 2007

UltimateBet seems to be making an effort to pamper its players: first a software upgrade and now a revamped UltimateBet.com Online Championship (UBOC), which will kick off this December and boasts an impressive prize pool of $2,000,000.
The first annual UltimateBet.com Online Championship took place last year, and this year will see twice the prize pool [...]

Read More... | Comment | By Adam Ulick | November 8, 2007

It looks like Europe is opening up to the financial opportunities involved in gambling – first Sweden started to work towards dissolving its gambling monopoly, Svenska Spel, and now France is considering taking similar action in preparation for taking over the EU presidency.
French Budget Minister Eric Woerth met with EU Internal Market Commissioner Charlie McCreevy [...]

Read More... | Comment | By Adam Ulick | November 7, 2007

Jonathan Little and Scott Clements, two of the new breed of young, hybrid live/online poker players, have joined the ever-expanding crew at Full Tilt Poker.Both have put together strong tournament resumes in their short live poker careers and so far, show no signs of slowing down.
Jonathan Little Career Highlights
2007 WPT PokerStars Caribbean Adventure – 5th [...]

Read More... | Comment | By Kevin Felix | November 7, 2007

The little island that could, Antigua and Barbuda succeeded in presenting a case against the USA for withdrawing its gambling business from the island, and the World Trade Organization ruled in Antigua’s favor. Now the heat is on to determine if Antigua’s $3.4 billion compensation claim will be ratified by the WTO on the announced [...]

Read More... | Comment | By Kevin Felix | November 6, 2007

A man who people simply new as “Hassan” may have told fellow poker players that he had nothing up his sleeve, but he would have been lying.After two years of cheating at Hold’em and raking in thousands upon thousands of dollars, he finally got nabbed cheating.
The fact that he was able to pull off his [...]

Read More... | Comment | By Joe Zusman | November 6, 2007