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World Poker Fund Holdings Buys Rights to IPL and Vegas Open


Poker tournaments to be flighted on

Poker orientated entertainment company and co-owner of the World Poker Channel, World Poker Fund Holdings, Inc. (WPFH) said Tuesday it had acquired the tournament and show rights for the now defunct International Poker League (IPL) (formerly known as the National Poker League) and the IPL Vegas Open.

The IPL Vegas Open includes 20 episodes of the Caesars Vegas Open, Venetian Vegas Open and the UK Open tournaments.

The episodes will be flighted on through WPFH's World Poker Channel.

Our readers will recall an article early in July where the company outlined its latest poker project plans spanning TV, internet and land-based channels

WPFH is majority owned by Lookhu, Inc. with other beneficial owners of the company listed as American boxer Floyd Mayweather and American entertainer’s Kyle Massey, Justin Bieber, Michael Ray Nguyen-Stevenson, Jason Paul Douglas Boyd (holding 10.02 percent), and De Andre Cortez Way aka Soulja Boy (5.02 percent).

In related news, WPFH named Martin D. Owens its new chief advisor of online and interactive gaming.

Owens has specialised in online and interactive gaming law since 1998.  He is the co-author alongside  Professor I. Nelson Rose of Internet Gaming Law, an associate editor of Gaming Law Review and Economics, and also the contributing editor of The Sports

"This is a very exciting project. The players, the technology, the platforms are all coming together right here in California. It's time to bring online poker up to its full potential, in the USA and all over the world," he said.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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