Saturday, April 18, 2015

Possibility of Regulated Online Casinos Making Strange Bedfellows


Land-based US gambling companies were once the sworn enemy of foreign online casino operators, but the potential change in US law has the two sides getting chummy with each other.

OnlineVegas.com! Online casino operators, tempted by the potential billions that may be made if and when the US regulates Internet gambling, are devoting substantial resources to preparing for the time when US licenses become available. Among the maneuvers being made are the alliance of overseas Internet gaming operators with US land-based casino corporations.

Only a short time ago, such companies as Harrah's and MGM were the arch-enemies of foreign online gambling operators, resisting the new source of competition. VBut as the landscape of US regulation develops, both sides are finding a use for the other.

The passing of the UIGEA in 2006 scared many legitimate gaming companies out of the US market. Persecution and harrassment by the Department of Justice continued the pattern, leaving only a few aboveboard companies operating in the US among dozens of shadt outfits. The law effectively made predictions about online gambling come true, as criminals benefited from the ban and exploited the unintentional result, a block only effective against transparent and listed operators.

"When the act was signed into law, we stopped taking wagers from the US and effectively gave up 75 per cent of our business in one go," said John Shepherd of PartyGaming, one of the companies eager to return to the US, in a statement to Bloomberg News.

Because US regulation will carry requirements that likely favor the domestic land operators already under state regulatory rules, overseas online casinos receive an advantage by partnering with US interests. Likewise, the experience and knowledge acquired by UK and other Internet gaming concerns make them attractive to land casino execs unfamiliar with Internet operations.

Harrah's and 888.com already have agreements in place for European business, and may become linked for US operations as well. PartyGaming is negotiating with several land casino companies to create a US network when the time arrives, and other online gambling outfits seem likely to partner with US gaming companies.

Published on May 21, 2010 by MattMiller


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Action Report: Bettors on Raptors, Wizards to cover


USA Today Sports

Even though there's only three games on tap in the Association Tuesday evening, online shop TopBet.eu is receiving no shortage of action.

In Toronto's clash with Boston, Top Bet has rapidly moved the Raps' chances in their favor. After opening Boston -4, that line has been adjusted a full five points to Celtics +1 as of 2:30 p.m. EST. Sixty percent of spread bettors are currently backing the Dinos.

"This line movement has very little to do with the action we're receiving," said Brad Kennedy, a Top Bet oddsmaker. "The Celtics have clinched a playoff spot and have incentives to lose in order to avoid the Cavaliers in the first round, while Toronto is fighting for third in the East and controls their own destiny."

Total-wise, 68 percent of the public is banking on the contest going under the 208 number.

For Washington-Indiana, 78 percent of moneyline wagers are being placed on the Pacers.

"Despite the heavy action on the moneyline, our bettors don't feel Indy will be able to cover the -7.5 spread, as we're seeing 63 percent of spread activity on the Wiz," Kennedy told Covers.

The Over is getting 68 percent of support, causing Top Bet to bump up its opening 191.5 total to 192 as of this writing.


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Optimal Payments’ Neil Erlick elected to board of directors of Fantasy Sports Trade Association


041813 GTR_Optimal Payments Logo_300Optimal Payments Plc, a leading global online payment solutions provider, is pleased to announce that Neil Erlick, Optimal Payments’ executive vice president of business development, has been elected to serve on the board of directors of the Fantasy Sports Trade Association (FSTA). Mr. Erlick joins executives from Yahoo!, USA Today, CBS, ESPN, FanDuel, DraftKings and Advanced Sports Media.

The FSTA was founded in 1999 and represents more than 200 member companies in the growing fantasy sports industry, with a market size reaching an estimated 41 million players across North America. The association hosts two industry conferences a year, bringing together a network of experienced fantasy sports professionals including leading service providers, sports media organizations, researchers and professionals from every part of the industry.

“I am very honored, personally and on behalf of Optimal Payments, to serve on the board of the Fantasy Sports Trade Association along with this distinguished group of my industry peers," said Mr. Erlick. "The FSTA has served as an effective steward of the industry’s phenomenal growth and provides the vision and resources needed to take it to the next level.”

Mr. Erlick has been a key member of the Optimal Payments senior management team since 2000. In recent years, he has been tasked with the strategic development and marketing of online payment solutions for large-scale merchants. These comprehensive solutions include the implementation of online gateway services, merchant accounts, mobile and alternative payments and risk management services. Mr. Erlick oversees the company’s global mid-market sales teams and is also responsible for the company’s North American gaming initiatives and seeking new strategic partnerships. He previously served as senior vice president of business development, where he oversaw the company’s sales strategy with respect to the provision of payment services to online gambling operators.
 



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Tuesday, March 10, 2015

All-Star Showdown: Cates storms past Galfond claiming second seat in finals

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ps_news_thn.jpgPerhaps scared after reading about the other semifinal match taking over 19 hours, Phil "MrSweets28" Galfond and Daniel "w00ki3z." Cates had plans on getting in a solid amount of hands in a much quicker time frame. While last night/this morning's tilt between Team Online's Ike Haxton and Ben "Sauce123" Sulsky taking 19 hours to play 4,200 hands, our two superstars this evening took a little over seven hours to run through just over 3,000 hands. After being down for most of the beginning hours of the match, Cates would storm back at the end and take the second seat at the finals to face-off against Sulsky.

Hours 1 - 2 (Hands 1-759)

Annnnnnd we're off!

Sort of.

After a handful of hands on all four tables Cates called for a five minute time out and started anew on all four tables after returning. The tables showing the "Join Waiting List" button as Daniel's Cookie Monster avatar was absent, but this author declined such an invitation (no, they were not REALLY looking for open and looking for players) because just paying the blinds in this $100/$200 blinds four-table match would cause some heavy perspiration. Also, not helping is the near 100% pre-flop button raise rate from both players and only after a long night of drinking would I consider even betting that amount on a Pai Gow hand at the Gold Coast (and likely have a much better chance of winning).

Another five minute pause by Cates half way through the first hour came a few minutes after Phil scooped up a $17,400 pot on Table 4. After Galfond three-bet to $1,700, Dan would call the raise to see a J♠T♥4♠ flop. Galfond followed through with a $2,400 bet which Cates called again. 6♣ on the turn and Galfond kept the accelerator on with $4,600 bet which Dan would call a third time. The river 2♦ saw the match's first all-in bet from Galfond as he put out $11,300 and Cates had no reply to the shove as Galfond would take a $2,775 overall lead after 111 hands.

Shortly afterwards Cates would suffer nearly back-to-back stackings. First one shown below:


Cates just would not believe that Galfond had the ace as Phil shoved on the river with the board showing T♣ A♦ 3♠ J♣ 2♦ and turned up Q♠ A♥ for the $40,000 pot winner as Dan showed J♠Q♣.

Five minutes later with Phil holding a $31,177 to $22,556 lead on Table 4 and the board showing 6♦ T♣ 2♠ 7♣ 6♥ the turned seven would make all the difference on this one with $12,054 already in the pot, Cates put out $10,200 on the river as Phil shoved for $25,150. Big time cooler for Dan with the turned straight 8♦ 9♥ as Phil notched a set on the turn holding pocket sevens 7♦ 7♠ and filled up on the river for the $45,112 pot.

Phil Galfond_AllStar.jpg

Early leader Phil "MrSweets28" Galfond

The $50,000 swing. Up to hand 216, Galfond looked to be in control of the opening hour then a punch-drunk Cates taking a nine count on the mat, slowly got up while landing some big punches. On Table 1 with Galfond holding a $42,673 to $25,527 lead, the biggest pot of the first hour would shift the momentum to Cates. Watch below:

With the top heavy board showing J♠ A♣ K♠ T♦ 9♠ with a possible flush or straight, Galfond trying stealing the $18,600 in the middle with a shove that covered Cates' stack holding big slick A♠K♦. Unfortunately for Phil, Dan liked his straight Q♥J♦ enough to make the winning call.

As the players broke for the first hour break they would both lead on two tables, but Jungleman Dan held the lead with a $45,410 overall profit.

Shortly after the break Galfond would strike back for a $58,054 pot after both players hit the 9♥A♠T♥ flop hard. Cates with the flopped set 9♦9♣ and Galfond the straight flush draw 7♥8♥. The flush would get there on the turn 4♥ and unfortunately for Dan he would miss filling up on the river 6♠ for a huge lead this point as Phil started to fight his way back trimming Dan's lead half way through the hour to just $2,303.

Small pots paid off in a big way for Galfond in hands 522-590 as he turned the tables on Cates, taking over the lead in the latter part of the hour.

MrSweets28:I dunno why I don't trust my gut and check
w00ki3z.:I would break my laptop

This first conversation of the match took place shortly after Phil flopped trips with K♣T♣ and cracked Cates' aces A♠A♣ after the flop T♠ 5♠ T♥. But Galfond continued to bet on the turned ace A♦ and shoved on the river 8♣ to hand over the $55,278.00 pot.

Phil however did not let himself get down too much, nor did he suffer any damage to his laptop (to our knowledge) as shortly before the end of the second hour and already $17K in the lead, Galfond would notch the biggest pot ($43,102) to this point. With the board showing J♦ Q♥ 3♥ 9♦ and $4,000 in the middle the two would trade bets back and forth until Cates was all-in holding the flopped two pair J♣3♣. Phil was happy to call with the nut straight T♣K♦. After avoiding a jack or trey on the river 4♣, Galfond's lead going into the second hour break would climb to $70K.


111 Hands Galfond +2,775
216 Hands Galfond +14,517
262 Hands Cates +$42,710
306 Hands Cates +$52,010
410 Hands Cates +45,010
522 Hands Cates $2,303
590 Hands Galfond $27,251
653 Hands Cates +$7,439
710 Hands Galfond +$17,260
759 Hands Galfond +$70,681


Hour 3-4 (Hands 760-1,671)


At the start of the third hour, a railbird could clearly see who had the upper hand as Galfond sported six figure stacks on both Table 1 and 2 while conceding modest leads to Cates on Tables 3 and 4.

Cates was not interested in letting Galfond run over him just yet but it would a lucky turn card to stop the bleeding a bit. With Phil holding $96,606 to Dan's $24,802 on Table 2 after Phil four-bet to $3,200 preflop, Daniel decided to shove for $24,802 as Phil made the call with big slick A♥K♠. Cates went looking for a jack holding A♦J♦ and would find one to his liking on the turn T♠ 5♠ 7♥ J♠ 5♦ as the $49,604 pot temporarily stopped Galfond's bull rush on Cates' stack.

Galfond would open a small door for Cates in a $38,008 pot on Table 4. With a board showing A♥ 7♦ 5♦ 4♠ 7♠ Cates shoved $11,004 on the river and turned over the better ace K♣A♣ to Phil's A♠J♥.

The last hands of hour three and four were not kind to Mr. Cates, just watch one of two $40K+ pots swing Galfond's way below:


After Cates flopped a boat with 5♦4♥ and got Galfond to commit his $22,000 stack on the turn with the board showing 4♦ 5♥ 5♣ A♣, Phil's pocket sevens 7♠7♥ found some love on the river 7♦ costing Cates the $44,000 pot as Galfond took the first six-figure lead of the showdown while taking a break for the third hour.

Small ball was the word for hour four of the tourney as Galfond held to his six-figure lead for the majority of the hour with only one pot climbing over $20,000. Then, towards the close of the hour the players got some Red Bull in their systems as the action picked up. First, there was a potential $30K pot on Table 2. With the board showing T♦ 6♦ 4♥ A♥ 6♣ and $15,600 in the middle, Cates shoved for $12,200 but after about 40 seconds of thought, Galfond refused the offer and handed over the pot without further contesting.

A few minutes later on Table 1, Cates would allow Galfond to do most of the betting for him. With the board showing A♥ 3♠ 2♣ 9♥ 6♥ Phil would check-call the flop, then check-raise the turn as Cates called. On the river holding top two 9♦A♦ Galfond shoved $13,100 and Cates called again with the flopped set 2♦2♠ taking down the $41,000 pot. Shortly before the fourth hour break Cates would strike again with a flopped set, this time on Table 2 and faded a flush draw for a $45,102 pot which helped Cates go to the fourth hour break only $65K down.

817 Hands Galfond +$82,786
904 Hands Galfond +$85,348
1,019 Hands Galfond +$82,351
1,034 Hands Galfond +$88,298
1,134 Hands Galfond +92,676
1,206 Hands Galfond +$65,562
1,262 Hands Galfond +$106,069
1,311 Hands Galfond +$109,920
1,499 Hands Galfond +$88,248
1,535 Hands Galfond +109,204
1,671 Hands Galfond +$65,456


Hour 5-6 (Hands 1,672-2,636)

Sometimes the big bluff works...

... and other times not so much. Watch below as this $46,204 pot unfolds:

With the board showing J♦ 2♦ 9♣ J♥ and $6,800 already in the pot Cates would check as Galfond bet $4,800. Cates came back with a check-raise to $10,200 as Galfond thought for a moment and decided to shove while covering Cates' stack at Table 3. With the turned trips Dan made the call K♥J♠. Galfond did not however have the good and turned up the now lame pair of ducks 5♠2♠ as the river did not matter, sliding $46,204 over to Cates.

A lot of things were sliding to Cates as the hour five break approached. Momentum and more importantly money, as Jungleman Dan continued to close the gap and then hit a huge pot on Table 1. Holding $58,953 to Galfond freshly, unsealed $20,000 stack, Cates would three-bet preflop to $1,600 as the two saw a A♦ 4♠ J♠ flop. Bet-call $1,800 by Cates, and another bet-call on the turned K♠ this time for $4,600 as the river K♥ did not change Cates' aggressiveness and shoved to more than cover Galfond's stack. A few clicks of the timer did nothing to change Phil's decision to call with A♥T♠. Cates however would turn over a slightly better hand. Big slick K♦A♠ would seal up the $40,000 pot and knock Galfond's lead under $50K.

With the increase in the blinds from $100/$200 to $200/$400 coming up on the 3,000th hand, Galfond's lead continued to slide steadily during the sixth hour and sure enough before the sixth hour the nearly 2,000 hand reign of Galfond had ended as Cates stormed back into the lead convincingly. Of course it did not hurt hit a flop or two like on this hand:


Cracked kings for Galfond, and a flopped straight (and rivered flush) for Cates contributed to Jungleman's epic rise after being under Galfond's thumb for the majority hours two through five as Cates would take a $66,688 lead into the sixth hour break.


1,778 Hands Galfond +$75,087
1,826 Hands Galfond +$84,204
1,930 Hands Galfond +$63,085
2,120 Hands Galfond +$59,463
2,203 Hands Galfond +$49,997
2,267 Hands Galfond +$44,641
2,393 Hands Galfond +$27,961
2,564 Hands Cates +$40,385
2,602 Hands Cates +$74,041
2,636 Hands Cates +$66,688


Hour 7-8 (Hands 2,634-3,051)

Things might have gotten our two combatants little loopy in the seventh hour after a nine would have given Galfond a set and Cates a straight:

MrSweets28: GOOD THING I DIDN'T HIT A 9
w00ki3z.: YES IT WAS A GOOD THING
w00ki3z.: NEXT TIME TRY HARDER PLEASE
MrSweets28: OK
w00ki3z.: I WANT YOUR CHIPS
MrSweets28: NO I DO


And after this overuse of caps the two would sit down like gentlemen and continue towards seeing who would walk away with a minimum of $250,000 and a shot at Ben "Sauce123" Sulsky who might be a little loopy himself after his 19 hour semi-final match with newly minted Team Online's Ike Haxton.

Back-to-back stackings at Table 2 would nearly close down our first table of the match as both Cates and Galfond would notch a rivered straight with the board showing 3♠ 5♦ Q♣ 7♥ 4♥. However, Cates' 8♠6♠ outpipped Galfond's 6♦7♣ and the $40,000 pot slid to Dan. On the next hand with $9,478 remaining on the auto-reload Galfond tried a semi-bluff check-raise with the board showing 8♠ 4♠ 9♥ 3♥ holding T♠7♥ and got called by Cates' two pair and a flush draw 9♠3♠. The rivered 2♠ gave Cates the $18,956 pot closed the table for a bit until Galfond worked his funds around like a decent Wall Street broker and started up the table again with a fresh $20,000.

The 3,000 hand barrier would be crossed a little before the seventh hour and two brand new tables of $200/$400 blinds were hand-crafted by the finest... well they are made especially our All Star Showdown as these later hours have favored Jungleman.

On the sixth hand of $200/$400 play on Table 4, Cates would knock Galfond down to his last stack. Watch below:

With the board showing a straight 7♠ 4♠ 6♥ 5♦ 8♣ and $15,200 already in the pot, Galfond tried to push Cates off his hand with a shove for $38,702. Unfortunately for Phil, Dan already had what he was representing, a better straight 9♠A♦. Galfond showed he was playing the board J♥K♠ and Table 4 had nothing but a Cookie Monster avatar and $80,000 under his name as play moved to Table 1.

MrSweets28: SO TILTED I CANT SPELL


But moments later being the good man he is, Phil "MrSweets28" Galfond would wish our second All Star Showdown finalist Daniel "w00ki3z." Cates good luck in the finals.

Down to $6,316 of his starting stack of $200,000 Galfond would check the limped button to see a 2♦J♣7♦ flop. He would check again as Cates led out for $400 as Galfond called. K♠ on the turn and Galfond would check-call a $1,200 bet. The 4♥ on the river would be the card of the match as Phil check-called for the third straight time, this time for all his chips holding the flopped top pair J♠3♦. However, Cates turned the better pair 3♣K♦ and took home the last $12,632 pot along with assuring himself $250,000 for reaching the All-Star Showdown final with Ben "Sauce123" Sulsky.

Hand 2,636-2,722 Cates +$78,505
Hand 2,722-2,765 Cates +$102,005
Hand 2,765-2,913 Cates +90,859
Hand 2,913-2,967 Cates +$117,000
Hand 2,967-3,022 Cates +$169,378
Hand 3,022-3,042 Cates +$180,382
Hand 3,042-3,051 Cates +$200,000


Daniel_Cates_AllStarsShowdown.jpg

Daniel "w00ki3z." Cates All-Star Showdown finalist

Be sure to check back here at the PokerStarsBlog for all the action as Cates takes on Ben "Sauce123" Sulsky at 18:00 CET tomorrow (November 4th) for $550,000 and the first All-Star Showdown trophy!

David Aydt is a freelance contributor






















































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Finnish operator launches Playtech’s live casino solution

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Finland 1iGaming Business – Finland’s national gaming operator Raha-Automaattiyhdistys (RAY) has launched the live casino solution from online gaming software giant Playtech.

The new service will be broadcast from RAY’s own purpose-built studio within its headquarters in the city of Espoo.

Customers will now be able to access unlimited blackjack, blackjack and roulette tables via the new live casino service.

The launch will extend an existing long-term relationship between RAY and Playtech.

“We are thrilled with the new product which is not only the best in class and the most advanced, but also the most flexible and comprehensive which allowed us to have purposefully taken a friendlier and fresher approach to live dealer,” RAY’s senior vice-president of business operations, Timo Kiiskinen, said.

FULL STORY

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Pappas Debates Frank Online Poker Bill on MSNBC

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John Pappas spoke in favor of H.R. 2267, Barney Frank's bill regulating online poker, in a debate on MSNBC.

Play Now at English Harbour! John Pappas, executive director of the Poker Players Alliance, appeared last week on MSNBC for a brief discussion of the bill authored by Barney Frank seeking to regulate online poker. Tim Kelly, a professor of psychology who served as executive director of the National Gambling Impact Study Commission, was on hand to speak against the bill.

Pappas told the network poker players from bipartisan backgrounds have united behind Frank, as the essential issue involved in the Internet gambling debate is about freedom. He said that while Frank may not carry the support of all the PPA members in other areas, he has come to be a symbol of liberty due to this bill.

Kelly wisecracked that the Internet poker bill is being brought by "the same people who brought us sub-prime mortgages," referring to the moves by the House Financial Services Committee contributing to the mortgage meltdown. He also advanced the constant misrepresentation by gaming foes that passing 5the bill means opening a casino in every household.

Pappas responded that the ban favored by Kelly and his allies has failed to meet their own criteria for rejecting online gambling. Pappas offered that "the current law protects not a single child nor a single problem gambler."

When Kelly said revenue claims from licensing online poker sites are effectively taxing the poor, Pappas corrected him, pointing out that gambling winnings are already officialy taxed, and that any new revenue would come at the excpense of overseas operators who ciurrently pay no US tax.

Kelly also said the US should not be condoning gambling behavior, while Pappas returned to a Frank tenet, that there is a wide difference between government allowing its citizens freedom to choose and sanctioning the activity, the area in which personal liberty falls.

Published on August 7, 2010 by PrestonLewis


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Tuesday, February 10, 2015

McDermott's New Internet Gambling Tax Bill Would Fund Foster Care

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Representative Jim McDermott has authored a new bill suggesting using online gambling taxes to fund foster care programs, as well as state and tribal budgets.

Play Now at Slots Oasis! Congressman Jim McDermott of Washington introduced a bill today that would use Internet gambling taxation to fund foster care programs. The new proposal suggests using 25 percent of revenue from the regulation of online casinos to pay for social programs and housing involving foster kids.

The bill is a more clearly delineated version of a measure proposed by McDermott last year, which also proposed taxation rates for online gambling. McDermott also includes a stipulation that states and Native American tribes receive 6 percent of the revenue collected from Internet gaming.

McDermott told The Hill that ensuring states and social programs like those for foster children aren't hurt too badly by budget cuts is a big part of his thought in revising the bill.

“The major reason is to make it possible for states to have access to online gambling revenue,” said McDermott.

McDermott's office released figures showing the bill could generate $30 billion over the next decade for state coffers, as well as $42 billion for foster care subsidies.

The bill is intended as a companion to Representative Barney Frank's proposal to regulate Internet gambling. Frank's bill is in the author's committee, the House Financial Services Committee, awaiting markup, and has acquired 66 co-sponsors.

McDermott says he will look to bring his bill before the House Ways and Means Committee when Frank's bill finishes markup.

Published on March 25, 2010 by TomWeston


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