September 5, 2012 |
As president of a company that just came out with a game on Facebook called "Sports Casino," Matthew Cullen is surprisingly OK with the prospect that the U.S. is not likely to see legalized online gambling anytime soon. Cullen's company, RocketPlay does, however, has put money on the odds that sports betting will be very popular on Facebook and other social platforms. That's because their game is free to play and involves betting with virtual currency, not the real kind. In many other respects, however, "Sports Casino" resembles many real-money online betting services that operate legally in the United Kingdom, where RocketPlay is based.
August 1, 2012 |
Two online poker websites accused of fraud and money laundering have reached a settlement under which customers will be reimbursed for the money they deposited with the sites. In a complicated deal, PokerStars, based on Britain's Isle of Man, agreed to acquire Full Tilt Poker and pay back Full Tilt Poker's customers. U.S. customers will be reimbursed from a $547-million government pool to be paid by PokerStars, while non-U.S. customers will be paid $184 million directly by PokerStars.
July 31, 2012 |
The world's largest Internet poker company, PokerStars, is settling with the government to the tune of $731 million more than a year after a crackdown on online gambling. And, in possibly the best part of the deal, the company is also buying former competitor Full Tilt Poker and paying back its customers, who were left locked out of their accounts after the site's U.S. operations were shut down last April . In the agreement with the Manhattan branch of the Department of Justice, PokerStars will forfeit $547 million to the government over three years.
June 29, 2012
Re "Polio may win this battle," June 27 Members of America's anti-vaccine movement now have like-minded allies in Pakistan's hard-line Taliban militants. But the conspiracy theory that members of the Pakistani Taliban based their decision on to end polio vaccines - that the CIA used a phony immunization program for spying - has some basis in fact. No one can say the same about the conspiracy theories offered in our country. Linda Williamson Granada Hills ALSO: Letters: A fair deal for online poker Letters: Historical ruling on healthcare Letters: Holder in contempt -- an attack by the NRA?
June 29, 2012
Re "Don't fear a PRI win," Opinion, June 24 Jorge G. Castañeda practically equates the likely triumph of the Institutional Revolutionary Party, or PRI, in Sunday's presidential election with the ultimate validation of the democratic achievements of the Mexican people. I view the PRI's return another way: the ultimate corroboration of how economic power can impose a candidate despite the democratic aspirations of the Mexican people. David Soto West Hills ALSO: Letters: Fighting polio in Pakistan Letters: A fair deal for online poker Letters: Historical ruling on healthcare
June 29, 2012
Re "Regulating online poker," Editorial, June 19 State Sens. Darrell Steinberg (D-Sacramento) and Rod Wright (D-Inglewood) deserve praise for their legislation to address online poker fraud. The 60 tribes and card rooms of the California Online Poker Assn., or COPA, have been working with legislators to authorize safe and secure online poker that generates new state revenue. COPA supports legislation that ensures technology vendors cannot exert financial control over state licensees acting as "false fronts," thereby weakening California's gaming regulations.