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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contract in 2008 and 2009, and that it intends that the Everest Poker sponsorship for the 2010 tournament be withdrawn.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 :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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