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BBC reports on Chinese collusion at Pokerstars
BBC reports on Chinese collusion at Pokerstars
The British Broadcasting Corporation reports this week on an investigation into the widely reported Chinese player collusion issue at Pokerstars in July.
* 25 000 Pokerstars players were compensated a total of GBP1.63 million following the scam.
* GBP 52 000 was paid out in an earlier issue where players became victims of bot action.
* The availability of cellphone and IM technology has made collusion exchanges more difficult to intercept by operators.
* However, the indications are that 95 percent of the action is safe and untainted by collusion.
* Rapid growth at the online poker giant has created pressure on security staff trying to monitor suspicious action, with one ex-employee revealing that under pressure it is not unknown for staff to switch off automated alerts on suspicious playing patterns. However, security technology improvements are continuously being put in place.
* Most collusion complaints are in fact unfounded and emanate from sore losers.
* Annual revenues at Pokerstars are in excess of GBP911.6 million in an industry with an estimated annual value of GBP3.25 billion.
* The latest issue was not reported to the Chinese authorities, although the Isle of Man-based Pokerstars has indicated that it would cooperate if approached.
* Specialised Russian message boards often include exchanges setting up ‘team play’ – a euphemism for players interested in setting up collusion rings.
* The extensive trackability of online poker technology enables operators to conduct detailed and accurate investigations with relative rapidity.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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