Poker News & Strategies

Online Poker News Archive - October 2006

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On this page we've listed summaries of the most important news events of October 2006

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Erik Ahlberg appointed as Tribeca's new President

October 30, 2006 - In a statement released today Tribeca Tables Europe, Limited, the worlds largest aggregator of ePoker brands, announced the appointment of Erik Ahlberg as President of Tribeca.

PartyGaming and 888.com exploring possible merger

October 30, 2006 - Online gaming firm 888 Holdings Plc confirmed today (Monday) it has held talks with third parties since the United States banned Internet gambling financial transactions at the end of September. The confirmation follows weekend media reports in the United Kingdom that 888.com and Party Gaming.com were holding preliminary talks about a possible merger.

Mötley Crües Vince Neil Goes All In For A Good Cause

October 24, 2006 - The Hard Rock Hotel & Casino Las Vegas will host Vince Neil's Second Annual Off The Strip Poker Tournament inside The Joint on Sunday, November 5, 2006. Celebrities, Poker Pros and Las Vegas hottest dancers will join Neil for a wildly entertaining evening. Last years tournament raised more than $170,000 to benefit the T.J. Martell Foundation, an organization which has raised more than $215 million to support innovative cancer, leukemia, and AIDS research.

Royal Vegas deals billionth poker hand on Microgaming Network

October 24, 2006 - Beating other major online gambling groups to the punch, Royal Vegas Online Poker celebrated the billionth hand dealt by the Microgaming Poker Network this week with an impressive variety of special prizes.

PokerRoom.com calls it a day in America

October 24, 2006 - The Ongame owned and powered Poker Room.com site is to close its virtual doors to American players with effect from November 6 according to an announcement this week. Industry observers have been expecting the announcement as Ongame was acquired earlier this year by Austrian public company Bwin, which has already announced its withdrawal from the US market.

PokerStars sets new records

October 24, 2006 - The decision by the Israeli owners of private online poker company PokerStars to continue to offer US players hospitality appears to be reaping some serious rewards, certainly in the short term. This weekend's major online poker tournaments saw what is now probably the world's largest poker website shatter its own week-old record prize pool (see previous InfoPowa reports) for a weekly-held event on its PokerStars Sunday Million.

Ladbrokes invests GBP3 million in Poker Million Tournament

October 23, 2006 - The considerable resources of UK betting group Ladbrokes will be behind a boosted version of the popular Poker Million tournament planned for next year in an effort to create a European rival to the famous Harrah's World Series of Poker which takes place annually in Las Vegas.

Warning: Superior Poker scam

October 23, 2006 - In times of crisis, there always seem to be those prepared to exploit the situation, and this weekend reports were coming in regarding the allegedly questionable behavior of Superior Poker.com, a LVFH-powered online poker room licensed by Kahnawake.

Scottish football club Celtic FC partners with poker room (2)

October 23, 2006 - Scottish football giants Celtic FC have announced a partnership with fcpokerroom.com that will see them become the latest football club to open their own online poker room, reports The Herald. Unfortunately there was little or no detail on the Internet poker room involved or the software that it uses.

BetCorp confirms sale of BetWWTS to Bodog

October 22, 2006 - Betcorp announces that the Company has entered into an agreement, conditional only on the approval of Shareholders, to sell the Groups gaming operations and operating infrastructure in Antigua and Toronto in their entirety (the Gaming Operations) to Bodog Entertainment Group SA.

Analysts predict $1 billion drop in PartyGaming revenue

October 22, 2006 - Despite the outstanding current performance numbers from Party Gaming ( third-quarter revenue grew by six percent to $337.2 million) this week, analysts have noted that these gains were made pre-the Unlawful Internet Gambling Enforcement Act which has devastated the online gambling operator landscape by announcing restrictions on US cash flows to Internet gaming sites.

Neteller makes U-turn: says it will comply with UIGEA

October 22, 2006 - In an abrupt change of policy on Thursday last week Neteller, the Isle of Man registered online money transfer firm, said it would comply with new US regulations that prohibit internet gambling sites taking money from US residents.

2007 World Series of Poker dates announced

October 22, 2006 - Gary Thompson, World Series of Poker (WSOP) director, said this week that the 2007 World Series of Poker (WSOP) will take place from June 1 through July 17 next year.

Monkey see monkey do - Canada to outlaw internet poker?

October 18, 2006 - Reports from The Star in Toronto indicate that the Ontario provincial government is about to crack down on advertising for Internet gambling - either direct or indirect.

Ladbrokes continues to fight Dutch state betting monopoly

October 18, 2006 - The row between UK betting group Ladbrokes and the Dutch government over cross border provision of online gambling services is becoming increasingly bitter and heated, with the betting company now about to complain to the European Commission after losing an appeal case in the Netherlands preventing it from accepting bids from Dutch citizens.

Antigua is rallying the troops for WTO dispute

October 18, 2006 - There was some pretty intense briefing activity going on at the World Trade Organization in Geneva early this week as a delegation from the island government of Antigua and Barbuda held consultations with representatives from the European Commission, Japan and China, which are third parties to its Internet gaming discrimination case against the United States.

BetFair will switch to a new poker platform end October

October 18, 2006 - The previously announced parting of the ways between Betfair Poker and software developer Cryptologic will take place by the end of this (October) month according to a statement by Betfair management.

Party Poker revenues possibly down 90 percent (2)

October 17, 2006 - The Guardian reports that Party Gaming shares plunged a further 13 percent Monday after analysts suggested its exit from the US on Friday in the face of new anti-online gambling legislation may have wiped up to 90 percent off revenues from the online operator's PartyPoker business at a stroke.

Vietnamese stars to play in Asian Poker Tour

October 17, 2006 - Two of the hottest names in professional poker, John Phan and Liz Lieu will travel to Singapore in November to take part in the Betfair Asian Poker Tour. The two are good friends, having originated from Vietnam, although they have built their poker careers in America.

Irish Poker Championships schedule published

October 17, 2006 - Next year's Irish Poker Championships start early in the new year, and the expected prize pool for the popular event is likely to be around Euro 500 000, the organizers said in announcing the playing schedule this week. It is believed that next year's event will be the biggest of its kind yet staged in the Emerald Isle.

Party Poker announces German open

October 17, 2006 - Party Poker's new German Open poker competition action started today (Tuesday) in London. The Internet's largest poker site is sponsoring the event, which features 36 top German-speaking poker players and celebrities.

Impressive turnout for online poker tournaments this weekend

October 17, 2006 - From time to time InfoPowa reports on the regular weekend tournaments run by some of the larger online poker sites, and this weekend was of particular interest due to the signing of the Unlawful Internet Gambling Enforcement Act by the President on the Friday morning immediately preceding the weekend.

Lawrence Walters speaks out against new gambling bill

October 15, 2006 - The portal Winneronline quoted US legal expert Lawrence Walters this week in an article on the American legal situation regarding online gambling financial transaction bans.

Doyle Brunson: We Texans don't like this kind of trickery

October 15, 2006 - U.S. poker legend Doyle Brunson was strongly critical of the content and manner in which the Unlawful Internet Gambling Enforcement Act of 2006 was enacted this week, and promised to keep his DoylesRoom.com site open.

Bush signed anti poker legislation at 10AM ET

October 13, 2006 - Bush signed H.R. 4954, the SAFE Port Act, at 10 am ET in the Eisenhower Exec. Office Building. Attached to the port bill was the Unlawful Internet Gambling Enforcement Act. Bush didn't mention the Internet gaming provision at the signing ceremony.

PokerStars remains committed to US players

October 13, 2006 - After carefully studying the U.S. situation the world's second largest online poker company, PokerStars.com announced today (Thursday) that it would continue to accept business from American players.

Almost 9000 Americans sign petition against poker ban

October 13, 2006 - Almost 9 000 American poker players have signed a petition started by a corporate financial attorney in Santa Monica this week, protesting the passing of the Unlawful Internet Gambling Enforcement Act and urging Congress to regulate and tax online gambling rather than trying to destroy it.

Neteller will continue to serve US players

October 13, 2006 - With a turbulent industry week drawing to a close, Neteller announced the welcome news that it has no intention of pulling out of American market and will continue to provide services for US players.

Rumor that Bush will send the bill back for more clarity

October 13, 2006 - A Washington protest against the new Unlawful Internet Gambling Enforcement Act has produced new information that runs contrary to the almost universal view that President Bush will sign the Act into law tomorrow as part of a port security measure.

EU law infringement procedure started

October 13, 2006 - The European Commission announced today that it has sent official requests for information on national legislation restricting the supply of gambling services to Austria, France and Italy.

NBC announces 'Poker After Dark' hosted by Shana Hiatt

October 11, 2006 - NBC invites viewers into the exclusive Las Vegas poker scene with its new late night show, Poker After Dark, debuting Jan. 2 at 2:05 a.m. ET/PT, it was announced today by Marc Graboff, President, NBC Universal Television, West Coast. The nightly hour-long show, hosted by Shana Hiatt, one of pokers most recognizable faces, will air Monday Saturday and features six poker professionals vying for a winner-take-all $120,000 first place prize.

FirePay will not accept US online poker payments anymore

October 11, 2006 - American online gamblers found a notification from the FirePay-FireOne e-cash processor in their accounts this week, advising them that once the U.S. President had signed the Unlawful Internet Gambling Enforcement Act 2006 into law, they would be unable to use the service to make transfers to online gambling merchants.

European Commission investigating French gambling monopoly

October 11, 2006 - France could be in the sights of European Commission investigator Charlie McCreevy this week as a result of its protectionist laws on gambling, which have excluded online betting companies from other EU member states from offering their products and services in the country.

Tain Poker Network joins Tribeca Tables

October 11, 2006 - Tribeca Tables Europe, Limited, the worlds largest aggregator of ePoker brands, and the Tain Poker Network, a leading gaming solutions provider, announced today that the Tain Poker Network, is joining the Tribeca Poker Network.

PartyGaming to re-launch Gamebookers as 'PartyBets'

October 11, 2006 - Party Gaming is not letting the adverse market conditions brought on by the US anti-online gaming measure to slow it down, it appears from company news this week. The Gibraltar-based group is gearing up to re-launch its sportsbook acquisition Gamebookers in early November with a new look and a new brand - PartyBets.

Pokershare relaunches on the Microgaming Poker Network

October 10, 2006 - PlayShare is the new integrated operating platform behind the world class poker and casino gaming sites PokerShare.com and CasinoShare.com. A UK public company, PlayShare is committed to providing the very best online experience, integrating two of their best-known sites so that the more you play the more you earn.

IGC questions new US financial restrictions on online poker

October 10, 2006 - In a press statement titled "Americans Still Free to Gamble Online" the Interactive Gaming Council, a trade association for Internet gambling operators, pointed to important aspects of the new US legislation this week.

Mike Sexton to front public media campaign against new US law

October 9, 2006 - New York City, and possibly Washington will be the targets of a media blitz planned this week by the highly respected "Ambassador of Poker", Mike Sexton against the ban on online gambling financial channels proposed by US politicians recently.

Mainstream media highly critical of new US gambling bill

October 9, 2006 - More and more reports are appearing in the mainstream media that are highly critical of the new US gambling bill and the way it passed through the Senate without any debate.

World Gaming requests that its shares be suspended

October 9, 2006 - One of the pioneering turnkey providers in the online gambling industry, World Gaming plc has asked for its shares on the London market to be suspended following an almost 90 percent decline in the value of its stock as a result of investor panic over the new US financial restrictions.

Partygaming bows out of FTSE 100 this week

October 9, 2006 - The Guardian newspaper reports that PartyGaming is to lose its coveted place in the FTSE 100 index following the serious decline of its shares on the introduction of anti-online gambling measures by the US Congress last week.

Horseracing industry bought carve-outs from Rep. senators

October 6, 2006 - One of the more interesting news stories flowing from the US attempt to disrupt financial channels to the online gambling industry was carried by the British newspaper The Independent this week. According to the newspaper, the American horse racing industry doled out the big bucks to ensure that it was exempt from the online gambling financial restrictions that Congress seeks to impose.

Initial gambling law hysteria is fading fast

October 6, 2006 - With the initial panic over last weekend's rushed US Congress action against online gambling dying down, operational companies are starting to look more objectively at the practical implications of this essentially financial restrictive US proposal.

Former winner Phil Laak back for more in William Hill GPII

October 6, 2006 - 2005 William Hill Grand Prix winner Phil Laak will be back to defend his Gods Of Poker crown on Friday 20th October in Heat E of the William Hill GP II. The tenacious American, who last year defeated 55 of the Worlds best poker players to land the £150,000 ($285,000) first prize, heads a quality field of poker players the likes of which have rarely been televised in a European tournament.

New law likely to lower marketing spend in the US

October 6, 2006 - The question of what happens to marketing budgets in the wake of US political attempts to hamstring online gambling was addressed this week in a fascinating article that appeared in Click Z News.

Boss Media bows out of US market

October 6, 2006 - Boss Media, a Swedish Internet gambling software and service provider for several leading online poker rooms, including CelebPoker, has said it will ban all U.S. residents from accessing any software or financial services it provides.

888.com rumored to be in take over talks with UKBetting

October 6, 2006 - The Times reports that the large Internet gambling operator 888 Holdings is the suitor in exclusive discussions to acquire ukbetting, a smaller rival that also has an online sports content business.

US is on a direct collision course with the WTO

October 6, 2006 - Approving the Unlawful Internet Gambling Prohibition Act may have been a smart electioneering move, but it could have adverse consequences when it comes to the World Trade Organization dispute between the USA and Antigua and Barbuda.

More opinions on the US online gambling ban

October 5, 2006 - Last weekend's political moves to criminalize online gambling financial transactions continued to generate news and views going into Thursday.

Poker ban could have a major impact on WSOP & WPT popularity

October 5, 2006 - The Las Vegas Sun newspaper says that the loss of Internet qualified players could have a serious impact on the competitive value and popularity of major land tournaments that take place at major land gambling establishments like Harrah's and MGM Mirage.

Partygaming founders lose GBP1.8 million in just a few days

October 5, 2006 - The four founders of online poker giant Party Gaming became the poster children for instant mega-wealth when the company went public in London not long ago. Their shares were valued in the billions as Party Gaming entered the FTSE 100 index with a value in excess of GBP 4.5 billion.

Should Online Gambling Be Illegal? Cast your vote at MSNBC

October 4, 2006 - The MSNBC website was busy Wednesday when the news and entertainment broadcaster launched a poll to assess opinions on the weekend legislative moves to disrupt financial flows from American players to online gambling sites.

Bluff Magazine condemns Republican piggy-back tactics

October 4, 2006 - Top U.S. and international poker magazine Bluff issued a statement this week condemning the actions of U.S. legislators in approving a proposal that would make financial transactions with online gambling companies illegal.

Business as usual for private poker companies

October 4, 2006 - Whilst publicly quoted companies do not have the same flexibility, for many of the private online gambling companies it's business as usual in the US, at least for the immediate future, and a low profile in terms of their intentions.

Sportingbet exec accuses US of 'absurd protectionism'

October 4, 2006 - The always articulate and fearless Sportingbet executive Nigel Payne has strongly attacked the new US anti-online gambling legislation in a widely reported interview with the BBC.

PartyGaming must negotiate a new loan facility

October 4, 2006 - PartyGaming must negotiate a new loan facility with its banks within 30 days of U.S. President George W. Bush signing into law a bill to crackdown on Internet gambling, the British newspaper The Financial Times reported this week.

PokerStars IPO on hold at least until 2008

October 4, 2006 - After months of rumors, it appears that the much speculated upon public listing by Pokerstars is off. The Independent reports that the world's second-biggest online poker company after PartyGaming, has shelved plans for a GBP 1.6 billion (Euro 2.3 billion) London flotation until early next year.

US law continues to impact online gambling businesses

October 3, 2006 - With the US legislative debacle almost through its second day, online gambling companies continued to report on the the effect the loss of US business is likely to have on corporate fortunes.

Gambling firm shares continue to crash this Tuesday

October 3, 2006 - Mainstream and industry media and the message boards remained dominated today (Tuesday) by debate, speculation and not a little panic regarding the weekend passing of US legislation designed to disrupt financial channels used by American online players. By the end of the day, losses in terms of company value through share price declines were said to have topped GBP 3.5 billion as online gambling companies tried to figure out the business consequences, official company positions and probably any loopholes in the new legislation.

PPA pushes for a carve-out for online poker

October 3, 2006 - One of the most vociferous opponents of the US online gaming legislation, the Poker Players' Association has vowed that it will keep up the fight to persuade legislators that online poker is a game of skill and not one of chance, and is therefore perfectly legal for its millions of players.

New online gambling law highly criticized

October 3, 2006 - Agence France Presse carried some positive views in contrast to the doom and gloom that dominated the media on Monday. The high-stakes and morally charged offensive on Internet gamblers by US legislators was compared to the 1920s Prohibition against alcohol....and had about as much chance of long term success the service quoted several industry experts as saying.

American Gaming Association still believes in regulation

October 3, 2006 - Speculation is building that the major American land casino companies have not been discouraged from online ambitions by the recent moves to curb online gambling financial transactions by US players.

BetCorp issues profit warning

October 3, 2006 - The Australian betting group Betcorp became the latest public company to issue a warning on the consequences of the new US anti-online gambling measure today (Tuesday)

Gambling industry in turmoil after Senate passes bill

October 2, 2006 - U.S. Senate Majority Leader Bill Frist last night (Friday) carried out his promise to attach his anti-online gambling measure to any "must pass" legislation available, regardless of relevancy.

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