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Pokerstars SPonsors Library

Pokerstars heads off Isle of Man library closure with sponsorship
The Isle of Man-based online poker provider Pokerstars saved the day for the islands closure-threatened Family and Mobile Libraries this month, coming forward with a commitment to keep the library viable - and the jobs of its employees safe - for at least another three years.
Government austerity cutbacks due to the tough economic situation had earlier threatened the continued existence of the non-profit library, which delivers books to remote island communities, the local newspaper IOM Today reported.
Working through the Manx Educational Foundation (MEF), a not-for-profit organisation set up last year to encourage public-private partnerships in the field of education, Pokerstars committed to fund the libraries for three years to safeguard all employees and maintain the current level of service and fee structure. It will not provide any sort of branding or presence in the libraries.
MEF executive director David Butterworth said: "Obviously these are austere times and the need to balance the public finances is a serious one. However, it would be a significant blow to the education of our youth to lose the libraries, as literacy is an essential skill in any industry. As such, we are pleased that PokerStars has stepped up and committed to save these services."
The cost of the support for the libraries is being finalised but the department has previously estimated this at around GBP 230,000.
The government's announcement in February this year that it was to close the library met with demonstrations and petitions from local residents, and a Council of Ministers working party was set up to see if the services could continue.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

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Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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