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Politicians Discuss Pokerstars Situation

Posted 5/26/11 :

Pokerstars has emphatically denied US charges.
 
The US federal indictments issued against individuals associated with Pokerstars on Black Friday were the subject of political exchanges in the Isle of Man House of Keys this week, reports the BBC.
 
The IOM-based company has "categorically denied" allegations of any wrongdoing in the United States despite the seizure of its domains by US federal authorities.
 
The Isle of Man's minister for economic development, Alan Bell, was asked if there was any substance behind the criminal charges levelled at the company, which employs over 250 people on the island.
 
Bell responded: "I am not in a position to make comment on the question at this time and given the sensitivity of the issue it would be inappropriate of me to hazard a guess as to the motives of the US authorities in pursuing this action.
 
"At the moment the [IOM] gambling supervision commission has reconfirmed the licence of PokerStars."
 
In an earlier statement, PokerStars commented: "The company categorically denies the allegations brought by the US Department of Justice on 15 April 2011 and is taking all steps necessary to robustly defend itself and the two named individuals [in the federal indictments].
 
"Meanwhile, the company has stopped offering real money poker services in the United States."
 
House of Keys Member Peter Karran asked that the Isle of Man government be kept informed on all developments in the case.

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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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