» Poker Industry / Law News – Current Market Updates

Originally facing up to 35 years behind bars for his part in the Full Tilt Poker (FTP) scandal, former FTP CEO Ray Bitar has now been sentenced  to time already served in prison, but must also forfeit $40 million in assets. Reading from a prepared statement, Bitar... 

Despite Nevada signing its online gambling bill last month, the real beneficiaries of the new laws are the big resort hotels. After all, Nevada state regulators can only grant its licenses to resort hotel and casino operators, who subsequently allow tech companies... 

Following New Jersey’s approval of its online gambling and poker bill, Moody’s Investors Service has already labelled the move a “big boost” to the Atlantic City gambling industry. Over the past few years, Atlantic City has seen its revenue almost halve... 

Over the past two years at least eight poker rooms have closed on the Las Vegas Strip raising concerns that the biggest gambling trend of the last 25 years may finally be waning. In 2007, poker revenue in Nevada reached its peak generating $168 million in revenue... 

On Tuesday, New Jersey became the the third state in the USA to legalize online poker and now joins the ranks of Deleware and Nevada. Unlike Nevada, however, Deleware and New Jersey have also approved full casino online gambling in their states. After two years... 

The state of Nevada has made history by becoming the first US state to approve interstate online poker. On Thursday, Bill AB114 was unanimously passed in the Assembly and Senate, before then being signed into law by Governor Brian Sandoval. The bill was actually... 

Online poker proponents enjoyed some encouraging news on Thursday, after New Jersey Governor Chris Christie strongly signaled he intends to pass the state’s online gambling bill provided a few minor conditions were first met. “I have concluded that... 

A few days after France announced a 5% fall in its overall poker revenue for 2012, Italian gaming regulator AAMS, too, has confirmed its online poker market declined during the year. In France cash games declined dramatically enough to offset a 21% increase in... 

The wealthy Asian city-state of Singapore has taken steps to balance the economic profits derived from its casino market with any potential social costs, by further linking casino operator licenses to how well they  develop their unrelated gambling attractions. In... 

This week, Sweden’s Prime Minister Fredrik Reinfeldt signaled his intent to bring the country’s gambling industry under tighter control and vowed to announce a new set of proposals by mid-2013. The Prime Minister’s decision comes in the wake of a...