Fereidoun "Fred" Khalilian reveals details of a $10 million, 51 percent acquisition of his Universal Entertainment Group The Iowa Tribe of Oklahoma is to acquire a controlling 51 percent interest in its Pokertribe.com software partner, Fred Khalilian's Universal Entertainment Group, for $10 million according to a report in the Oklahoman newspaper, quoting the notorious entrepreneur. Approached by the newspaper, the...
State lawmakers propose a new law permitting the tracks to partner with licensed land casino operators to offer trackside online gambling facilities New Jersey's Monmouth and Meadowlands racetracks, struggling to prosper in an increasingly competitive gambling environment, may have a little legislative help in prospect following moves this week by some state lawmakers. They are proposing a new bill (A4255)...
34 percent year-on-year improvement in November New Jersey's legal online gambling continued its winning way in November, delivering profits and tax revenues to government and operators and bolstering the languid land gambling side of the industry. Figures released by the New Jersey Division for Gaming Enforcement Wednesday showed that the state's licensed online gambling operators achieved y-o-y revenue growth of...
Casino Association of New Jersey says proposed legislation Bill A4255 would go against the wishes of New Jersey voters Citing the voter rejection of a recent proposal to expand land casino gambling beyond Atlantic City, the Casino Association of New Jersey signalled its opposition Tuesday to a fresh proposal by lawmakers that would allow the Monmouth and Meadowlands racetracks to...
Senate Bill 375 introduced as legislature prepares for end-of-year adjournment A last minute attempt to ensure that daily fantasy sports is protected as a legal activity in the state of Ohio was launched last week as the state legislature prepared for the end-of-year adjournment. Bill SB 375 was introduced by State Senator Dave Burke and proposes that DSF is permitted...
Utah newspaper's review resurrects allegations of bribery around the old First Sun Bank case The Salt Lake Tribune in Utah has resurrected the six-year-old allegations that now-retired Nevada Senator Harry Reid may have been bribed to the tune of $2 million to support a federal proposal to legalise online poker back then, and subsequent claims that federal authorities have blocked...
Is this another element in a last-minute push to bring back the Wire Act? News reports from Washington DC indicate that another anti-online gambling bill has surfaced at a time when speculation is rife that anti-online gambling factions are planning a fresh political assault in the closing "lame duck" days of the 114th US Congress. The new bill is from...
Online ace is proving that he can prevail on the live tournament circuit as well With six-figure pay-days from high roller competitions at the Aria ($514,000 and $273,000), and the Seminole Hard Rock Poker Open in Florida ($ 1million) this year, online poker ace Jason Koon is proving that he is just as formidable in live tourneys as he is...
Local research relies on a five year old (and since corrected) report on the impact on land casinos of online gambling A Michigan political lobbying firm, McAlvey Merchant Associates, has reportedly commissioned a research report titled "Potential impact of online gambling on commercial casino revenue," from small local company Meloria Solutions for reasons that are not entirely clear and for...
Dwindling number of AGs push for reinstatement of the Wire Act The Poker Players Alliance action group has flagged two new attempts to urge members of Congress to restore the anti-online gambling Wire Act and/or support Sheldon Adelson's Restoration of America's Wire Act, still languishing in Congress after several unsuccessful attempts at passage. In the first of these initiatives, which...
