No Deposit Bonus : SlotsLv online casino is offering all of our readers a $22 no deposit bonus code. You must be a new player never having had an account at SlotsLv before. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
$500 Casino Bonus : All USA Players Welcome: Bovada Casino formally known as Bodog. Just a name change nothing else. Offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Letspoker Owners Face criminal securities fraud charges
Prejudiced investors in a Texas online poker enterprise have hit back at the entrepreneurs behind the failed venture, securing a grand jury indictment on securities fraud charges, alleging they misled the backers of their online poker business, reports the Brownsville Herald.
Apparently 13 investors were persuaded in late 2005 to back a venture branded LetsPoker.com by entrepeneurs Martin Graham Tyson Sr. and his son, Martin Jr. of the Marble Falls, Texas-based Panorama Global Realty Group.
But because the developers failed to disclose the true risks, the investors ended up losing their shirts, the Texas State Securities Board found this week after an Hidalgo County grand jury indicted Tyson Sr. and his son.
The father-son duo allegedly failed to inform investors of an ongoing civil fraud suit against their company; a state investigation into investment advisers working on their behalf and legislation then making its way through Congress that would ban online gambling financial transactions in 2006.
In all, the mostly middle-aged backers lost close to $300 000 in the venture, according to a two-count indictment filed in the case.
"You've got to disclose what you're doing with the money and then follow through with it," said Robert Elder, spokesman for the state securities board. "Otherwise, it's a criminal offence."
Prosecutors alleged that the Tysons first approached the investors in 2005 with a plan to develop LetsPoker.com, a Web site that would allow U.S. citizens to play for winnings over the Internet.
Working through intermediaries, they convinced the 13 men and women to hand over sums as large as $20 000 to fund development on the site.
But the company later spent those funds on purposes other than those originally promised, the indictment states. Some of the funds allegedly went to pay commission fees to the Tysons, while others were funneled into another company operated by Tyson Jr.
To make matters worse, federal lawmakers were already well into negotiations that would prohibit U.S. credit card and bank companies from making payments to online gambling sites.
Larry Dowling, an Austin-based attorney who has previously represented the men, said, however, that a preliminary version of LetsPoker.com was launched before Congress officially passed the [UIGEA] ban in October 2006. "It was generating revenue," he said. "At the time that it was shut down, it certainly wasn't the leading gambling site, but it had prospects."
Enforcement officers with the state securities board began investigating Panorama in 2005 and in December of that year raided the office of Richard A. Taff - an investment adviser working for the company who has since pleaded guilty to selling securities without a licence and is currently serving a sentence of six years probation.
Tyson Sr. and his son were arrested and arraigned late last week in state district court, where both pleaded not guilty. They were released later that day on personal recognizance bonds. If convicted, the father and son could face long prison sentences under Texas law.
Letspoker had a brief life using proprietary software and, according to some accounts, attracting less than 500 players. Shortly after launch slow-pay complaints started to surface around September 2006 and early in October 2006 the company announced it was closing due to the UIGEA.
Gambling News :
IS MetroPlay-666bet Ready To Pay -
The MetroPlay-666Bet online casino, whose licence remains suspended pending the outcome of UK Gambling Commission enquiries into its suitability, appears to be at last making concrete moves toward getting its players paid.
Arabian Nights progressive slot worth Euro 2,633,036 Hits -
At 3:47am on the 23rd of April, most people in Sweden were sleeping. However, one person was busy becoming Guts.com's first ever millionaire, and with a click of the spin button she won the jackpot on the Arabian Nights progressive slot worth Euro 2,633,036.
Gaymazing Poker Race Stopped By Beijing Police -
It's not just Pokerstars that has seen a poker tournament disrupted by the Chinese police recently ; Chinese media in Beijing report that a gay poker race has been cancelled following police intervention.
888Poker Now Number 2 in Spain -
The independent online poker monitor Pokerscout reports that 888Poker is now the second most visited online poker operator in the dedicated Spanish market, reprising its success in the similarly ring-fenced Italian market.
Does Iowa Need Online Lottery -
Iowa state lottery director Terry Rich made a strong case for online ticket sales to the state House Government Oversight Committee late last week, telling lawmakers that the enterprise must adapt to "...player expectations for convenience and use of technology” or face the consequences of declining business.
Svenska Spel Q1-2015 revenues fall 4.7 percent -
The Swedish government's gambling enterprise Svenska Spel has experienced another less than impressive quarter, reporting lower Q1-2015 results, although the online division fared better than other verticals in the business.
Kahnawake and Quebec in Gambling Talks -
APTN National News in Canada reported over the weekend that Quebec's minister of aborigine affairs, Geoffrey Kelley, had talks last week with representatives from Kahnawake, arguably one of the largest internet gambling hosting services in the world.
Sheldon Adelson To Interview presidential candidates -
In yet another illustration of the political power wielded by land casino owner Sheldon Adelson, industry observers report that the billionaire will be interviewing potential Republican presidential candidates this weekend, presumably to decide who to support with campaign funding.
Kansas Says Fantasy Sports are Game Of Skill -
Fantasy sports fans and operators in Kansas will be pleased with an opinion issued by state Attorney General Derek Schmidt at the request of the legislature which appears to accept the legality of fantasy sports as a game of skill.
Human Vs. Poker Computer. Who Will WIn? -
The ability of computer programs to beat expert human poker players (or not) is again being put to the test this weekend as the Carnegie Mellon University in Pennsylvania pits its Claudico artificial intelligence program against a team of four US poker aces in a heads up NLHE contest which will in all go on for just short of two weeks.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.