News

Neteller becomes NEOVIA Financial

firstadmin — Sun, 21 Dec 2008 06:13:37 -0400

Online payment supplier Neteller is set to rename itself using the new identity of NEOVIA.

This is to distance itself from the issue of internet gambling in the USA. Shareholders approved the name change at an Extraordinary General Meeting. The official new name is NEOVIA Financial plc.

Poker Legislation Re-introduced in Texas

firstadmin — Thu, 18 Dec 2008 05:33:13 -0400

New efforts have been made to expand the availability of poker by Texas house of Representative member Jose Menendez. He has put forward the “Poker Gaming Act of 2009” bill which is to be reviewed by the Texas state legislative bodies.

The bill itself is Menendez’s most recent effort to legalize poker in Texas.

UIGEA Regulations Published

firstadmin — Mon, 08 Dec 2008 09:54:33 -0400

In the final stages of the Bush administration, US Treasury and Federal Reserve made available rules and regulations for the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006.

These are due to take effect one day before President-elect Barack Obama takes the oath of office.

The Youngest WSOP ME Winner

firstadmin — Thu, 04 Dec 2008 04:54:07 -0400

Four months in the making, the World Series of Poker (WSOP) Main Event concluded with great Dane Peter Eastgate taking out Russian up-and-coming superstar Ivan Demidov. By doing so Eastgate become the youngest player to ever win the WSOP’s biggest prize and only the second European to win ever.

Eastgate won the first prize of $9,152,416, plus the accolades that go along with winning the coveted WSOP bracelet. Demidov won $5,809,595 second place.

US Treasury Wants UIGEA Before New Administration Takes Office

firstadmin — Wed, 19 Nov 2008 11:16:33 -0400

The US Treasury Department has confirmed that rules relating to the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) are being pushed through to be implemented prior to the end of the Bush administration.

All administrations leaving office seek to complete controversial rules before their end of their term in what is called the “midnight drop”.

In the last few weeks, the Treasury sent the final rules to the Office of Management and Budget (OMB), a step required in their institution.

UIGEA Conflict of Interest

firstadmin — Wed, 19 Nov 2008 10:06:13 -0400

On The Rumor Mill……

UIGEA Conflict of Interest

The tussle over the completion of the directives, specified under the Unlawful Internet Gambling Enforcement Act of 2006 (or UIGEA), has increased recently with Congressman Steve Cohen asking White House official Fred Fielding to examine if an important Bush-administration lobbyist favouring UIGEA divulged a potential conflict of interest.

Professor Calls Poker Skillful

firstadmin — Thu, 30 Oct 2008 07:44:53 -0400

Dutch academic, Professor Ben van der Genugten has launched a scathing criticism of his government's decision to use the formula to determine which are those games of chance.

His declaration joins an expanding quantity of statistical evidence that shows that poker does indeed require elements of skill to be involved.

WSOP Final Table in Focus: Kelly Kim

firstadmin — Tue, 28 Oct 2008 05:07:49 -0400

Kelly Kim has a mountain to climb.

In November, the World Series of Poker (WSOP) Main Event resumes with the final table and Kim is the short stack with only 2,620,000 in chips.

EU/US Online Gaming Row Look to WTO

firstadmin — Thu, 02 Oct 2008 06:35:57 -0400

The ongoing online gaming conflict between the European Union and the United States is expected to result in an official World Trade Organization complaint, leaving open the door for potential claims of hundreds of millions of dollars in trade compensation against the US.

The Remote Gambling Association had formally submitted a complaint with the EU which had resulted in the beginnings of trade talks between the EU and US.

Coming this November - European Championship of Online Poker (ECOOP)

firstadmin — Mon, 22 Sep 2008 05:13:41 -0400

The ECOOP III will be heading to Poker Room School starting November 24 for fourteen glorious days of online poker action.

Fourteen events will be held to determine who will be crowned ECOOP III champions and take away the $4,150,000 guaranteed prize pool across the fourteen events.