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Pokerstars payment Processor Paul Tate Sentenced
FORMER POKERSTARS PAYMASTER SENTENCED (Update)
Paul Tate to forfeit $119,000, but avoids US jail.
Former Pokerstars payment processing exec Paul Tate (43), a Brit domiciled on the Isle of Man who voluntarily presented himself in the US to face charges associated with Pokerstars operations in the States prior to its 2011 exit, has been sentenced.
Applauding Tates decision to face the US music in court, Manhattan US District Judge Lewis Kaplan ordered Tate to forfeit $119,000 but decided against imposing any jail-time, according to reports from the Reuters news agency.
Tate pleaded guilty to participating in the operation of an illegal gambling business in October and could have faced a five-year jail term.
Passing sentence, Judge Kaplan said:
"Given that you couldn’t be extradited for this, you deserve a world of credit for coming to face the music."
Tate apologized for his previous conduct and expressed regret at the choices he had made in the past.
He was originally indicted along with 10 others in April 2011 following a US Justice Department crackdown on online poker operators serving players in the United States. The crackdown effectively ended what the Justice Department claimed was illegal activity for companies like Full Tilt Poker, Absolute Poker and PokerStars.
Federal prosecutors alleged that the companies misled US banks into processing billions of dollars of illegal Internet gambling proceeds through shell companies that appeared legitimate.
Following the crackdown the Isle of Man-based Pokerstars agreed a $731 million settlement with US authorities which included $547 million to reimburse U.S. customers of Full Tilt Poker, which was coming under PokerStars control.
Tate worked for PokerStars until 2014, when it was acquired in a multi-billion dollar deal by Canada-based Amaya Inc.
The case against Tate and his 10 co-defendants is titled U.S. v. Tzvetkoff et al, and is filed with the U.S. District Court, Southern District of New York.
The Tzvetkoff reference originated with the arrest of Daniel Kim Tzvetkoff, the founder of Intabill, an Australia-based payment processor implicated in the online poker clampdown.
So far 10 defendants have pleaded guilty in the case, with charges still pending against Isai Scheinberg, the original founder and previous owner of Pokerstars, who resides outside the USA.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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