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POKEROOM BOOSTS AUGUST PRIZE POOL TO A MILLION

PokerRoom's monthly "The Grand" online poker tournament will this month present a guaranteed $1 million prize pool, positioning the event alongside those of other major companies competing in the Internet poker sector.
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The Grand started life with a then top-end prize pool of $100 000, but has escalated this significantly in line with competing products. The tournament is a three-day event held on the last weekend of each month, deploying a qualifying heat system that allows the player to choose which day best suits him or her.
 
To buy-in direct, players need $1 000+$40 direct buy-in, but there are cheaper, if more competitive ways to get into the big game, principally through a range of qualifiers with entry fees as low as $1+10 cents for multi-table tournament qualifiers or $5+50 cents sit-and-gos.
 
PokerRoom is investing heavily in tournament action this month, with an additional $100 000 freeroll that will give the winner a useful $26 500 sponsorship deal plus a trip to London in October for a European Poker Tour.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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