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Fulltilt And Stars Pay Kentucky 6 Million

Thursday June 20,2013 :  ONLINE POKER FIRMS SETTLE ON KENTUCKY ISSUE
 
$6 million price to clean the bluegrass state slate
 
What is probably the most unexpected news story of the week surfaced Wednesday with an Associated Press report that Kentucky's General Fund will be getting a $6 million boost as a result of a settlement with two major international online poker companies in the Isle of Man-based Rational Group - Pokerstars and Full Tilt Poker.
 
The windfall comes from a settlement related to a hotly contested domain confiscation case going back several years and involving around 140 international online gambling domains, including those of the two Rational Group properties .
 
Kentucky state officials attempted to seize the domains on grounds that they were being used to illegally operate in the state, triggering an exodus from the .com registry and the state of Kentucky, and a series of major actions through the bluegrass state's courts.
 
Internet freedom groups protested the legal action, questioning how the state could shut down websites that are not located in Kentucky.
 
Announcing the settlement, state governor Steve Beshear said the extra money will give the state a cushion if General Fund revenue does not meet projections in June, the last month of the fiscal year.
 
Beshear said that while Kentucky was pursuing the domain seizures, federal agencies in Maryland and New York brought similar actions in federal court in 2011 against Pokerstars and Full Tilt Poker.
 
This prompted Kentucky to join the federal lawsuits against the online gambling firms, and this resulted in the $6 million settlement announced Wednesday.
 
The original domain litigation in the Kentucky state appeal courts is continuing.

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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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