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Paul Tate Pokerstars payments manager Pleads Guilty

FORMER POKERSTARS MANAGER PLEADS GUILTY ON ILLEGAL GAMBLING CHARGES
 
Paul Tate in plea deal with US authorities.
 
The 2011 Black Friday shutdown of online poker in the United States hit the US media headlines again Thursday following a guilty plea entered by a former Pokerstars payments manager, Paul Tate (42).
 
In what appears to have been a plea bargain deal with the US Attorneys office for Manhattan, Tate entered a guilty plea admitting that he began working for the Isle of Man-based PokerStars in 2006 doing technical work and interacting with companies that processed payments.
 
“My family and I have paid a heavy price for this conduct,” the British citizen told U.S. Magistrate Judge Barbara Moses, who accepted the plea and said that sentencing will take place November 21.
 
Our  readers will recall that Tate was one of 11 individuals named in the US shutdown action in April 2011; his guilty plea leaves the cases of only two of those indicted -  Isai Scheinberg the former owner of Pokerstars and Scott Tom, founder of Absolute Poker - still to be finalised.
 
Reporting on Tates guilty plea, the publication Fortune said that it had reached out to the current owners of Pokerstars, the Canadian-based Amaya online gambling group, which had responded by saying that it was not involved in the issues before the court and that the case would have no impact on its business.
 
Fortune recalls that in 2012, PokerStars paid $731 million to settle civil claims brought by the U.S. Justice Department. PokerStars also agreed to purchase Full Tilt Poker as part of the agreement, after the former rival collapsed following the indictment.

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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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