Poker Business

Here you will find stories about the poker industry. From stories about the companies in the gaming business, to industry insider dirt, this is the place for all the news stories relating to the online poker business.

• PokerNews Editor-in-Chief John Caldwell Resigns

  January 13, 2009,

  Longtime PokerNews honcho John Caldwell has called it quits after nearly five years at PokerNews. 'I just felt it was time,' said Caldwell. 'I'm looking to change focus, and now felt right. It was, quite simply, time to go...

   

• Tiltware, LLC Files Motion to Dismiss Clonie Gowen Lawsuit

  January 12, 2009,

  Attorneys representing several of the entities associated with Full Tilt Poker have filed their first formal response to a lawsuit filed by Cycalona "Clonie" Gowen in November, 2008, that alleged several forms of wrongdoing...

   

• Poker News Business Briefs: December 28, 2008

  December 28, 2008,

  The number of sites licensed to offer poker to residents of Italy now includes four sites of using Playtech network's software. The member sites approved are Snai s.r.l., Eurobet Italia SpA (a division of Gala Coral), Sisal SpA...

   

• Harrah's Successfully Refinances Short-Term Debt

  December 10, 2008,

  Since going private in a deal finalized early last year, the balance sheet for casino operator Harrah's Entertainment has been hampered with high-interest expense associated with the cost of its buyout. But over the last few...

   

• 60 Minutes Online Poker Segment to Air This Sunday

  November 25, 2008,

  According to the CBS News website, the long-awaited '60 Minutes' segment on online poker cheating will air this Sunday, November 30th. An e-mail to the '60 Minutes' subscriber base has also confirmed this information....

   

• PartyGaming Revenue Declines in Q3 Report

  November 24, 2008,

  The latest quarterly earnings report from PartyGaming showed slightly down numbers compared to a year prior, with a setback in poker earnings the primary culprit for the online giant. In its recently released numbers for the third...

   

• Poker News Bytes: November 20th, 2008

  November 20, 2008,

  The Interactive Media Entertainment & Gaming Association (iMEGA) has filed its own response to that of US federal attorneys in iMEGA v. Keisler, et al., iMEGA's ongoing challenge to the US's Unlawful Internet Gambling Enforcement...

   

• Clonie Gowen Files Lawsuit Against Full Tilt Poker

  November 15, 2008,

  According to Nevada court records, Cycalona 'Clonie' Gowen has filed a lawsuit against Tiltware, LLC. Full Tilt Poker, and many of the famous faces...

   

• WPTE Posts Third-Quarter Losses, Looks to Future

  November 10, 2008,

  While World Poker Tour Enterprises received good news this week with the signing of a sponsorship deal with Full Tilt, the company's own streak of losses continued in the third quarter according to recently released results...

   

• Harrah's Earnings: Results Down, But Online-Poker Optimism

  November 09, 2008,

  Just prior to the resumption of the World Series of Poker Main Event, Harrah's Entertainment announced that it had posted a loss of $129.7 million for its third quarter. Only a year earlier, Harrah's Entertainment's third quarter...

   

• Compensation Resumes in UltimateBet Scandal as Legal Agreement Reached

  November 05, 2008,

  The Kahnawake Gaming Commission released a summary statement on Wednesday confirming a legal settlement reached earlier this week between Excapsa, the group holding original ownership of the UltimateBet online poker site...

   

• Poker Business News, October 24th

  October 24, 2008,

  World Poker Tour Enterprises gets some good news about its potential delisting, brought on by a bad economy, and PartyGaming and Cryptologic join forces to battle the same tough economy, all in today's poker business news...

   

• World Poker Tour Launches Dedicated ClubWPT Myspace Channel

  October 21, 2008,

  Prominent social network MySpace and the venerable World Poker Tour have announced today the creation of the first fully integrated poker destination for the MySpace online community. The site, to be branded under the ClubWPT...

   

• Poker Royalty Opens London Office

  October 18, 2008,

  Major player-representation firm Poker Royalty announced this week that is has opened up a branch office in London to grow and manage its European client base. With its home office in Las Vegas, Poker Royalty already represents...

   

• Lakes Entertainment Giving Away WPT Stock to Shareholders

  October 09, 2008,

  On October 7th, 2008, Lakes Entertainment announced it would be distributing all of the company's shares of World Poker Tour Enterprises (WPTE) stock. Lakes, a casino development and management company, is the largest...

   

• Duplicate Poker Halts Operations, Cites Global Credit Crunch

  October 05, 2008,

  In a brief update to its home page and a similar e-mailing to its customer base, US-facing site Duplicate Poker pulled the plug on its operations on Sunday, effective immediately. A check of the online Duplicate Poker...

   

• David Chiu Signs Representation Deal with Poker Royalty

  September 24, 2008,

  Major poker-representation firm Poker Royalty has announced another major signing with the addition of Full Tilt Poker pro David Chiu to its impressive lineup of players. Chiu's addition to the Poker Royalty lineup further strengthens...

   

• Declining Gaming Revenues and Air Traffic Continue to Plague Vegas

  September 16, 2008,

  Summer is considered the "off season" in Las Vegas as many tourists pass on the desert destination in the heat of July. But July 2008 was more off than usual, as challenging economic conditions continue to take their toll. Last week...

   

• StoxPoker and CardRunners Announce Merger

  September 11, 2008,

  On Tuesday, poker video instruction sites CardRunners and StoxPoker announced the merger of their extensive training libraries, creating what is termed as the most comprehensive poker training service on the web. With the largest library...

   

• Concerns over PartyGaming's Third Quarter Overshadow First-Half Results

  September 02, 2008,

  Last week PartyGaming, the online gaming firm, announced first-half year results that were well above analysts' expectations. The company's EBIDTA (earnings before interest, depreciation, taxes and amortization) came in at $64.9 million...

   

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