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Everest Poker and Wsop in Legal Dispute

4/3/10 - The Las Vegas Sun broke news of a $22.5 million legal tussle between Everest Poker owners Ultra Internet Media and the owners of the World Series of Poker, Las Vegas giant Harrah's Entertainment this week.
 
Ultra Internet Media is claiming in federal court legal filings that Harrah's-WSOP breached its multi-million dollar sponsorship contract in 2008 and 2009, and that it intends that the Everest Poker sponsorship for the 2010 tournament be withdrawn.
 
Ultra Internet Media-Everest claims that the sponsorship deal called for Everest Poker's logo to appear prominently on the felt on every table in the competition, and on the inner rung of the WSOP feature table during the finals. However, it alleges that in 2008 and 2009 Harrah’s breached the sponsorship deal when ESPN broadcasts of the tournament by an affiliate in France, television channel RTL9, failed to display Everest’s name and logo - instead displaying the name and logo of competitor Full Tilt Poker.
 
The lawsuit seeks a court order validating UIM’s claim that the contract has been breached.
 
"The suit charges that officials with Harrah’s, Everest and ESPN met at ESPN headquarters in Bristol, Conn., in February 2009 to discuss issues with the broadcasts and that 'Harrah’s and ESPN agreed to control their affiliate, RTL9, and require RTL9 to cease causing violations of the agreement during its broadcasts and transmissions into France,'" reports the Las Vegas Sun.
 
"But as recently as Feb. 14, 2010, the Full Tilt name and logo were included in a broadcast of a WSOP event into France by RTL9. Every material breach of the agreement represents lost potential future profits, erosion of goodwill and compromise of UIM’s international business reputation, charges the lawsuit, filed by attorneys with the Las Vegas law firm Marquis & Aurbach."
 
Ultra Internet Media's filing notes that the company does not generate gaming revenue or profits in the United States by way of the Internet or telephone, but that its largest source of revenue and profit is from customers in France.
 
Seth Palansky, a spokesman for Harrah’s Interactive Entertainment Inc. and Harrah’s World Series of Poker, told the Las Vegas Sun Friday that the company had not been served with the lawsuit and would have no immediate comment on the allegations.
 
Ultra Internet Media is a licensee of online gambling software developed by GigaMedia Ltd., a company based in Hong Kong and in Taipei, Taiwan, which in December announced a deal to sell 60 percent of its online gambling software business to European online gambling operator Mangas Gaming

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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