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PartyGaming Reaches $105m Settlement with US Authorities

Posted by: admin  /  Category: Casino News, Gambling

party gamingAfter a long period of negotiations and legal maneuvering, the world’s leading listed online gaming company has just reached contract with the US government on a Non-Prosecution Agreement. The agreement was reached with the US attorney’s office for the southern district of New York. It means that the company will give a considerable fee rather than pay any illegal charges. The agreed upon punishment will take the form of a $105 million charge, reached after almost two years of argument and negotiation.

Basically act against a non-American company for providing a service with a legitimacy that is hard to describe in black-and-white terms.

Shares in the Partypoker website operator jumped 14%, to 250 pence, after it said it would pay a charge of about $105m to settle the claims. From now the company will spotlight on merger and acquisition activity, which went on to expect that the end of this case represent a turning point for the online gaming industry. Partygaming CEO, Jim Ryan said,

We’ve received a favorable indication from the parties that we’d gone to that once this matter was resolved that we could have access to not only the equity markets, but to debt markets.

Illegal Gambling Operation must be Controlled

Posted by: admin  /  Category: Gambling

The gambling is always a disputed issue for any state or country. The proponents think regulation of activity that is by now taking place is needed to protect people whereas opponents say that gambling simply brings crime nothing else. The proponents of gambling regulation in New Jersey received confirmation of their values through a very terrible situation.

According to media, a man was killed back in January 2009 during a robbery. It was happened such a place where illegal gambling operation was taking place. Law enforcement agencies spend much time trying to break up those illegal, and potentially unsafe illegal gambling operations.

Few days ago (27 March) authorities arrested the man who was driving the getaway car during that murder (they believe). Already David Ashley had been arrested in conjunction with that murder on the night of the robbery whereas Anthony Williams has been charged with felony murder, weapons offenses, and robbery.

A number of states have started to introduce new casino gambling laws. The economy is the key force that is driving those regulations. However, according to gambling regulation proponents, till now it is a step in the right direction towards protecting the residents. Proponents of legalized gambling and regulations say that regulations would lead to safer places to gamble for residents.

Really Rhode Island Gambling Parlor?

Posted by: admin  /  Category: Casino News

It seems like others gambling business in the USA that touch current economic disaster. Twin River in Rhode Island said they will not continue greyhound races after 31st May. The decision is a part of preparations to get into effective bankruptcy protection. Twin River is struggling financially since the country economy faltered. They are not capable to regroup.

As an effect of racing shut down, more than forty people will be unemployed in Rhode Island. This statistics came out in discuss with Twin River about a takeover. However last week these negotiations chop apart. “It is just another example of how the economy is becoming too difficult to maneuver through for any business,” said observer Walter Palert, “especially in the casino and racing industries.”

The casino industry got long rumored to become protected from any type recessions. But it is such industries that got hit the hardest. On the other hand, Las Vegas as well as Atlantic City (AC) casinos have got several consecutive months of falling revenue. This challenge with the recession for the casino owners is now dealing with current the competition. Both Las Vegas and AC inured to be the special places in USA where Individual can go regularly for casino gambling.

2009 World Series of Poker Schedule

Posted by: admin  /  Category: Poker
Event Date Tournament Buy-In
1 May 27th 12PM Casino Employees No-Limit Hold’em $500
2 May 28th 12PM 40th Annual No-Limit Holdem $40,000
3 May 29th 12PM Omaha Hi-Low Split-8 or Better $1,500
4 May 30th 12PM No-Limit Hold’em $1,000
5 Jun 1st 12PM Pot-Limit Omaha $1,500
6 Jun 1st 5PM World Championship Seven Card Stud $10,000
7 Jun 2nd 12PM No-Limit Hold’em $1,500
8 Jun 2nd 5PM 2-7 Draw Lowbal $2,500
9 Jun 3rd 12PM No-Limit Hold’em / Six Handed $1,500
10 Jun 3rd 5PM Pot-Limit Holdem/Omaha $2,500
11 Jun 4th 12PM No-Limit Hold’em $2,000
12 Jun 4th 5PM World Championship Mixed Event $10,000
13 Jun 5th 12PM No-Limit Hold’em $2,500
14 Jun 5th 5PM Limit Hold’em / Six Handed $2,500
15 Jun 6th 12PM No-Limit Hold’em $5,000
16 Jun 6th 5PM Seven Card Stud $1,500
17 Jun 7th 12PM Ladies No-Limit Hold’em World Championship $1,000
18 Jun 7th 5PM World Championship Omaha Hi-Low Split-8 or Better $10,000
19 Jun 8th 12PM No-Limit Hold’em / Six Handed $2,500
20 Jun 9th 12PM Pot-Limit Hold’em $1,500
21 Jun 9th 5PM H.O.R.S.E. $3,000
22 Jun 10th 12PM No-Limit Hold’em Shootout (1,000 player max) $1,500
23 Jun 10th 5PM World Championship 2-7 Draw Lowball $10,000
24 Jun 11th 12PM No-Limit Hold’em $1,500
25 Jun 11th 5PM Omaha/Seven Card Stud Hi-Low-8 or Better $2,500
26 Jun 12th 12PM Limit Hold’em $1,500
27 Jun 12th 5PM Pot-Limit Omaha Hi-low Split-8 or Better $5,000
28 Jun 13th 12PM No-Limit Hold’em $1,500
29 Jun 13th 5PM World Championship Heads Up No-Limit Hold’em $10,000
30 Jun 14th 12PM Pot-Limit Omaha $2,500
31 Jun 14th 5PM H.O.R.S.E. $1,500
32 Jun 15th 12PM No-Limit Hold’em $2,000
33 Jun 15th 5PM World Championship Limit Hold’em $10,000
34 Jun 16th 12PM No-Limit Hold’em $1,500
35 Jun 17th 12PM Pot-Limit Omaha $5,000
36 Jun 18th 12PM No-Limit Hold’em $2,000
37 Jun 18th 5PM World Championship Seven Card Stud Hi-Low Split-8 or Better $10,000
38 Jun 19th 12PM Limit Hold’em $2,000
39 Jun 20th 12PM No-Limit Hold’em $1,500
40 Jun 20th 5PM World Championship Pot-Limit Omaha $10,000
41 Jun 21st 12PM No-Limit Hold’em Shootout (1,000 player max) $5,000
42 Jun 21st 5PM Mixed Event $2,500
43 Jun 22nd 12PM Seniors No-Limit Hold’em World Championship $1,000
44 Jun 22nd 5PM Seven Card Razz $2,500
45 Jun 23rd 12PM World Championship Pot-Limit Hold’em $10,000
46 Jun 23rd 5PM Omaha Hi-Low Split-8 or Better $2,500
47 Jun 24th 12PM Mixed Hold’em (Limit/No-Limit) $2,500
48 Jun 25th 12PM Pot-Limit Omaha Hi-low Split-8 or Better $1,500
49 Jun 26th 12PM World Championship H.O.R.S.E. $50,000
50 Jun 26th 5PM Limit Hold’em Shootout (1,000 player max) $1,500
51 Jun 27th 12PM No-Limit Hold’em $1,500
52 Jun 28th 12PM Triple Chance No-Limit Hold’em $3,000
53 Jun 28th 5PM Seven Card Stud Hi-Low-8 or Better $1,500
54 Jun 29th 12PM No-Limit Hold’em $1,500
55 Jun 29th 5PM 2-7 Triple Draw Lowball (Limit) $2,500
56 Jun 30th 12PM No-Limit Hold’em / Six Handed $5,000
Jul 2nd 2PM Ante Up For Africa Charity $5,000
57 Jul 3rd 12PM World Championship No-Limit Texas Hold’em
July 3,2009 12PM Day 1A (3,000 players)

July 4,2009 12PM Day 1B (3,000 players)

July 5,2009 12PM Day 1C (3,000 players)

July 6,2009 12PM Day 1D (3,000 players)

July 7,2009 12PM Day 2A

July 8,2009 12PM Day 2B

July 9,2009 12PM Media Event

July 10,2009 12PM Day 3

July 11,2009 12PM Day 4

July 12,2009 12PM Day 5

July 13,2009 12PM Day 6

July 14,2009 12PM Day 7

November 7-10,2009 TBD FINAL TABLE

$10,000

Georgia Authority Tries to Stop Illegal Gambling

Posted by: admin  /  Category: Gambling

Georgia state authorities became fed up with illegal gambling machines. Law enforcement agency executed one more raid on yesterday.  The drive was at 4 Dougherty County convenience stores.

Owner of A&J Food Mart Hemang Patel was accused on 7counts of racketeering alongside gambling. His Food Mart located at Newton Road. The District Attorney’s (DA) office already got evidence against him. Officials hope the evidence can help convict strongly Patel on the charge both racketeering and gambling. Dougherty DA Greg Edwards said “The money comes from people, sometimes who are receiving public assistance themselves,” he added , “That money goes to these gambling operations and does not come back to the state by way of taxes. It goes out of the country a lot of times.”

Administration did not cease their drive after getting raids on last Wednesday. Officials said authority will continue to stop the illegal gambling activities until every illegal machine is out of the state. The drive will continue across the state. Besides Georgia some other sates take similar step against illegal gambling operation. Governor of Alabama Bob Riley already made Gambling Task Force to find out and stop illegal gambling operations.

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