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Steven Stradbrooke
April 16, 2011
5 Comments and 52 Reactions
This story is obviously evolving rapidly, so bear with us as we try to summarize the latest casualty figures. Meantime, here are links to the main Department of Justice documents:
READ THE DoJ PRESS RELEASE ON THE INDICTMENT
READ THE FULL CRIMINAL CHARGES
READ THE FULL CIVIL COMPLAINT
First off, looks like Sen. Harry Reid’s going to get that blackout period after all… (Sorry, too soon?)
✖ In the day’s least surprising news, those US land-based casino giants are all disavowing the online poker deals they struck just weeks ago. Wynn Resorts says it has “terminated” its deal with PokerStars, while Fertitta Interactive says its deal with Full Tilt was always contingent on the poker company getting a US gaming license, and so the deal has thus “expired.” We take that definition as having nothing to do with anything time-related, but more to do with the ‘breathing its last’ connotation.
✖ Full Tilt’s CEO Raymond Bitar has released a statement saying he is “surprised and disappointed by the government’s decision to bring these charges,” although he is looking forward “to my exoneration.” In the meantime, Full Tilt recognizes that it “must suspend ‘real money’ play in the US until this case is resolved.”
✖ PokerStars has also suspended US real money play and changed the default URL on its associated sites to PokerStars.eu. Money transfers have also been disabled. ESPN’s Andrew Feldman is speculating that the affected poker sites will shut down across the globe within 48 hours.
✖ Chad Elie, the payment processing figure (and former Intabill staffer) arrested in Nevada, appeared in US Magistrate Court in Las Vegas on Friday, and was subsequently released on his own recognizance (and, presumably, that of his FBI shadow) with a hearing scheduled in a New York court for this Tuesday (19th).
✖ Richard Perkins, the former Nevada politician and current PokerStars lobbyist, claims the push to pass the PokerStars-sponsored intrastate poker legislation AB 258 will soldier on despite the day’s events, as the bill “is not just about this company, it is about the policy of this state.”
✖ The Poker Players Alliance released a statement saying, in part, they were “shocked” by the DoJ’s actions.
Continued Here
April 16, 2011
5 Comments and 52 Reactions
This story is obviously evolving rapidly, so bear with us as we try to summarize the latest casualty figures. Meantime, here are links to the main Department of Justice documents:
READ THE DoJ PRESS RELEASE ON THE INDICTMENT
READ THE FULL CRIMINAL CHARGES
READ THE FULL CIVIL COMPLAINT
First off, looks like Sen. Harry Reid’s going to get that blackout period after all… (Sorry, too soon?)
✖ In the day’s least surprising news, those US land-based casino giants are all disavowing the online poker deals they struck just weeks ago. Wynn Resorts says it has “terminated” its deal with PokerStars, while Fertitta Interactive says its deal with Full Tilt was always contingent on the poker company getting a US gaming license, and so the deal has thus “expired.” We take that definition as having nothing to do with anything time-related, but more to do with the ‘breathing its last’ connotation.
✖ Full Tilt’s CEO Raymond Bitar has released a statement saying he is “surprised and disappointed by the government’s decision to bring these charges,” although he is looking forward “to my exoneration.” In the meantime, Full Tilt recognizes that it “must suspend ‘real money’ play in the US until this case is resolved.”
✖ PokerStars has also suspended US real money play and changed the default URL on its associated sites to PokerStars.eu. Money transfers have also been disabled. ESPN’s Andrew Feldman is speculating that the affected poker sites will shut down across the globe within 48 hours.
✖ Chad Elie, the payment processing figure (and former Intabill staffer) arrested in Nevada, appeared in US Magistrate Court in Las Vegas on Friday, and was subsequently released on his own recognizance (and, presumably, that of his FBI shadow) with a hearing scheduled in a New York court for this Tuesday (19th).
✖ Richard Perkins, the former Nevada politician and current PokerStars lobbyist, claims the push to pass the PokerStars-sponsored intrastate poker legislation AB 258 will soldier on despite the day’s events, as the bill “is not just about this company, it is about the policy of this state.”
✖ The Poker Players Alliance released a statement saying, in part, they were “shocked” by the DoJ’s actions.
Continued Here