» Poker Industry / Law News - Current Market Updates

A pair of IT contractors managed to steal £33,000 from Gala casinos over a 3 month period in 2007, in what has become the first case involving the misuse of computer technology within the UK gaming industry. Certain casinos allow punters to place online bets at... 

A charity gambling casino in Fort Wayne, Indiana has been shut down after its operators were accused of unlawful charity gaming contracting, corrupt business influence, theft and professional gambling. For more than a year, the Parnell Poker Palace at 4608 Parnell... 

Billionaire Property tycoon Achilleas Kallakis was charged yesterday with defrauding the Allied Irish Bank (AIB) and Bank of Scotland out of £61 million. Kallakis, formerly known as Stefanos Kollakis, was able to build up a sizable property empire helped by loans... 

Michael Olaf Schuett has become the target of a federal investigation after it was discovered he had allegedly transferred over $70 million in online poker winnings to 23,000 mostly American citizens, since 2007. The authorities were first alerted by bank staff... 

A group of Idaho pensioners received a shock this month after having their friendly poker game of five years raided and shut down by police officers. Despite their advanced years, the 20 or so retirees would meet up at the Twin Falls Senior Center every Friday... 

Lawmakers in the States proposed a new piece of legislation Tuesday which could see Internet gambling being regulated and operators charged a 2% licensing fee on all monthly deposits. The Bipartisan Tax Fairness and Simplification Act of 2010, or S3018 as it is... 

The UIGEA bill of 2006 basically prohibits the transfer of funds from a financial institution to an Internet gambling site. As the bill passes fully into law this June, the Justice Department’s (DOJ) fight against all online poker sites, which they deem illegal,... 

The US government’s constant battle to control online gambling has filtered through to credit card transactions with Mastercard now blocking any deposits made by US citizens linked to poker sites and online casinos. The move by Mastercard is likely related... 

The British poker player accused of murdering his wife in Colorado in 1997 has been refused bail while his extradition battle to the US continues. High Court Prosecutor Gemma Lindfield, acting on behalf of the US government, successfully argued that: “He... 

British based gambling company Ladbrokes, has confirmed that its private customer data base has been compromised and a  “limited amount” of information stolen. The news of the breech in security broke on Sunday, after UK newspaper the Daily Mail claimed it...