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Pokerstars US business as usual

The $300 million "settlement" and Wire Act guilty plea by Party Gaming founder Anurag Dikshit last week prompted the regional newspaper Isle of Man Today to ask locally-based online poker operator PokerStars.com for comment, postulating that the mood of the US authorities is growing increasingly hostile.
 
The newspaper made the point that the action against Dikshit is a move that doesn't directly affect e-gaming businesses that have set up on the island, many of which are targeting the European and Asian rather than US markets.
 
Paul Telford, head of legal services at Poker Stars, told the newspaper: "As far as we are concerned it's business as usual. It doesn't affect the company. This doesn't change the law; no precedents have been set.
 
"But it will give us food for thought as to the bigger impact. The situation is very fluid so there is little point in commenting further."
 
Asked for his reaction, Garth Kimber, head of e-gaming development at the IOM Department of Trade and Industry, said: "We are monitoring the situation closely to look at any potential impact."
 
Meanwhile, delegates to a seminar held in Douglas heard that e-gaming is well-placed to ride out global recession, the Isle of Man Today reported. Delegates at the seminar, organised by Global Betting and Gaming Consultants Ltd, included representatives from the Department of Trade and Industry.
 
Chief executive Warwick Bartlett told delegates that his company is constantly being asked how the global recession was likely to affect e-gaming.  He said this was a question difficult to answer as there is no comparable data.
 
"Gambling benefits from not being a big ticket item," he said.  "Whereas people will stop spending on cars and moving house they will continue to have a pint and have a bet.
 
"The global roll out of broadband is also assisting the growth of Internet gambling. So it is far more resilient than the traditional land-based betting shop or casino."
 
He emphasised that while the Isle of Man had done well from hosting financial services companies, it was not beneficial to be too reliant on one business sector and it was in everyone's interest to promote the Island as an e-gaming centre.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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