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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.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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