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More Poker Black Friday Fallouts

Courts refuse to block takeover of credit union implicated in online poker indictments
The federal indictments against online poker activity in the United States claimed another victim this week when the US government's National Credit Union Administration imposed a conservatorship on Vensure FCU, a $4.7 million credit union allegedly linked with the online poker sites.
U.S. Judge Rosemary Collyer refused to grant Vensure a temporary restraining order in a Washington court, citing federal law, which gives the NCUA extraordinary powers to take over and liquidate federally insured credit unions.
NCUA has never lost a court challenge to its conservatorship powers.
Mesa, Arizona-based Vensure's legal team argued that the NCUA takeover threatens the existence of the credit union and of its chief corporate sponsor, Vensure Employment Services.
Evidence was led that only hours after the indictments were unsealed by federal enforcement authorities in New York, the NCUA imposed its authority over Vensure, freezing an account that allegedly processed $25 million a day in automated clearinghouse transactions for the two biggest online poker websites, and Full Tilt Poker.
Vensure lawyers told the judge that their client has made moves to terminate its relationship with the poker sites and is capable of surviving without those revenues, which made up the vast majority of its business last year.
They expressed concerns that the NCUA would liquidate the company whilst its CEO and four employees were on NCUA-enforced leave with full benefits.
Media reports on the case claim that the NCUA knew all along of Vensure's gambling connections and core business, warning the company in January this year to cease and desist its gambling
ties, which the Vensure board voted to do later that month. At that point it is claimed that Vensure notified the online poker sites of its intention to terminate its processing agreement within 180 days.

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Gambling News :

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

NYX Gaming Group Expanding in Italy - NYX Gaming Group says its continues to bridge the gap between online and land-based operators as it announced a new licensing deal in the Italian market.

Interwetten Q3 2016 Report - In a brief third quarter 2016 report, Malta-headquartered online gaming company Interwetten reported strong growth across all verticals, with an emphasis on online casino revenues.

Evolution Gaming Q3 2016 Report - Evolution Gaming Group AB delivered in its third quarter 2016 results reporting strong growth in revenue and a significant increase in mobile penetration. The company attributes is success to strong general growth and continued high demand for dedicated environments.

Ladbrokes Donates to Gamcare’s new Youth Program - UK gaming firm Ladbrokes has pledged GBP 180,000 to Gamcare’s new Youth Program over 2016 and 2017, following a visit by chief executive officer, Jim Mullen.

Dragonz Slot Launches - #Dragonz The creatures in this 243 ways to win game engage with play during the free spins round, triggered by three or more scatters on the reels, and each character leads four different free spins rounds.

Mecca Launch Instant Win Games - IWG has provided instant win content to lotteries for the past 15 years, amassing a portfolio of over 250 games. Its deal with Mecca signifies a move into the wider online gaming industry, servicing commercial brands and platforms.

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