PokerStars Advancing Efforts To Pay USA Players - 19/05/2011 9:05

PokerStars has recently reported having completed payments of more than $100 Million to USA-resident players since they have exited the US poker market.

Their success and integrity in doing so has prompted a rating upgrade. PokerStars rating was downgraded following their recent legal difficulties, but they are positioned... view more>>

Sportingbet Signs Non-Prosection Agreement with US Department of Justice - 23/09/2010 11:09

Sportingbet has reportedly signed a non-prosecution agreement with the US Department of Justice. As part of the terms of the agreement, Sportingbet will forfeit $33 Million to the US Government, alleged to be the amount of profits obtained as a result of offering gaming services to residents of the... view more>>

Former Gaming Processor Arrested - 21/04/2010 21:04

Daniel Tzvetkoff, a 27-year old Australian male, has has been arrested on charges that he assisted in processing over $543 million in internet gambling related payments by and to U.S. gamblers.

Gaming companies apparently had stopped doing business with Tzvetkoff some time previous to the arrests, and claim... view more>>

Hedge Funds Investing in Sports Betting? - 10/04/2010 11:04

Hedge Funds are beginning to invest in Sports Betting, but not in the way that you might think. They are not buying shares in public betting companies.

Centaur, a London based company, has just launched Galileo (link: http://www.centaurgalileo.com /).

Galileo's trading team analyzes and trades the betting... view more>>

PartyGaming Loses $26.5 Million in 2009 - 07/03/2010 9:03

Online poker and casino operator PartyGaming has recently reported a net loss of $26.5 million for 2009.

The main driver behind the loss was $101 million associated with a non-prosecution agreement signed with U.S. authorities. Profit from operating activities actually rose 4% to $81.1 million.

The company... view more>>