Archive | Online poker

Bitcoin Not a Roll of the Dice, But a Digital Currency with Staying Power, Say Poker Site Experts

Bitcoin Not a Roll of the Dice But a Digital Currency with Staying Power Say Poker Site Experts 300x200 Bitcoin Not a Roll of the Dice, But a Digital Currency with Staying Power, Say Poker Site ExpertsBitcoin hasn’t had a great new year so far, but the digital currency has staying power, according to poker site owners who think that despite its roulette wheel ups and downs, it’s here to stay.

They have a vested interest in Bitcoin, too. At least 140 online betting sites (and 10 platforms offering web poker) allow players to use the digital Bitcoin. Industry analysts estimate that more than 50 percent of worldwide Bitcoin transactions are made on gambling sites. It has become a market worth billions.

If the price of Bitcoin drops, are poker sites hurt? Not a bit, according to one expert.

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Get Lucky Poker is on the Horizon

Get Lucky Poker is on the Horizon 300x252 Get Lucky Poker is on the HorizonA new online poker site is about to launch into the mainstream. The site, called Get Lucky Poker, is brought to you by poker pro Michael ‘The Grinder’ Mizrachi. Currently, it is in the beta test stage and will go live soon according to the company’s Twitter account.

Get Lucky Poker will only be using Bitcoin as their form of payment, making it unique to the market. Bitcoin is an online form of currency, which is redeemable to purchase items from an online catalogue. With Bitcoin, you can purchase items as diverse as cheap wines to expensive art pieces.

To entice people to join, Get Lucky Poker is adding some grand opening bonuses. One bonus is earning 50% of the “Bad Beat Jackpot” if your opponent has aces full with kings or better. Those who join will automatically earn one Bitcoin, which is currently valued at $289.92. Lastly, frequent players who are on one of the five tiered leader boards can earn a rakeback of approximately 25%.

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Raising the Bar(s): iGaming Offshore Could Mean Gambling Your Freedom in Mississippi

Raising the Bars iGaming Offshore Could Mean Gambling Your Freedom in Mississippi 300x197 Raising the Bar(s): iGaming Offshore Could Mean Gambling Your Freedom in MississippiStates entertaining the prospect of legalized online gambling within their borders are stepping up efforts to ensure that any prospective digital gambling activity (and subsequent revenue) isn’t lost to unauthorized offshore online gambling platforms.

In the state of Mississippi today — where some lawmakers want to see legal online poker become a reality this year — a proposal has reached the state legislature for consideration that, if passed into law, would penalize persons who patronize unauthorized offshore markets with either jail time or a hefty financial slap on the wrist.

Per the terms of the proposal outlined by CardPlayer, “poker players who are caught having accessed offshore poker sites instead of, or in addition to, those licensed and regulated by Mississippi could face up to 90 days in county jail and/or a $10,000 fine.”
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Washington, Mississippi Look Toward Online Gaming Opportunities

Washington Mississippi Look Toward Online Gaming Opportunities Washington, Mississippi Look Toward Online Gaming OpportunitiesCalifornia’s got company. The Golden State has long been considered the most likely state to next regulate and permit online gambling within its borders. But if the nascent efforts by two other states progress quickly, one or both may beat California to the punch in joining Delaware, Arizona, and Nevada as the only states to legalize online gambling.

In short, some lawmakers in Mississippi and Washington are finally ready to take real action to bring online gambling to their respective states.

Mississippi Representative Bobby Moak recently introduced the Mississippi Lawful Internet Gaming Act Of 2015, a bill that, upon its passage, would usher in the era of iGaming for his state. Whether or not the bill will pass and become law is another question. But the debate is happening as we speak, and efforts to legalize online gambling in Mississippi are moving forward.
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Good News (For a Change): Delaware Online Gambling Revenue Increases

Good News For a Change Delaware Online Gambling Revenue Increases 300x199 Good News (For a Change): Delaware Online Gambling Revenue IncreasesLottery officials in the state of Delaware have released their November revenue numbers which show a 42% increase from October.

Yes, you read that correctly. It’s a rare glimpse at good news in the world of online gambling in one of only three U.S. states that allow online and mobile gambling.

Collectively, PokerUpdate summarized in a review of the comprehensive data, Delaware Park, Dover Downs, and Harrington Raceway took in $184,898, ranking as the fourth best month since November 2013 when the switch was flipped on online gambling.

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Senator Reid Supports Banning Online Gaming

Senator Reid Supports Banning Online Gaming 300x200 Senator Reid Supports Banning Online GamingAccording to the Las-Vegas Review-Journal, Sen. Harry Reid said that Congress next year will take up legislation to outlaw Internet gambling, and he plans to support a ban while trying to gain an exemption for online poker.

“I think there will be efforts made to get rid of the Wire Act,” Reid is quoted in the report.

Billionaire casino owner, Sheldon Adelson, is an opponent of Internet wagering, and there was a failed effort to lobby House and Senate leaders to place a prohibition on online gambling into a year-end spending bill. But Adelson may still get what he wants in the end.

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Place Your Bets: California Proposal to Increase Online Poker Purveyors Draws Fire from PPA and Tribal Coalition

Place Your Bets California Proposal to Increase Online Poker Purveyors Draws Fire from PPA and Tribal Coalition 300x164 Place Your Bets: California Proposal to Increase Online Poker Purveyors Draws Fire from PPA and Tribal CoalitionThis news just in: The proposed online poker legislation (AB9) introduced by California Assemblyman Mike Gatto is drawing fire from the Poker Players Alliance (PPA), a tribal coalition, and PokerStars.

“California online poker would bring in much-needed revenues to the cash-strapped Golden State, which is why Assemblyman Mike Gatto introduced AB 9 this week,  AKA the Internet Poker Consumer Protection Act of 2015,” noted CardsChatNews.

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Closed for Business: Betfair Shuts Down NJ Poker Site

Closed for Business Betfair Shuts Down NJ Poker Site 300x300 Closed for Business: Betfair Shuts Down NJ Poker SiteIf you were hoping to play online poker on Betfair’s site in New Jersey today, you’re out of luck.

Betfair has officially closed its New Jersey poker site.

According to the online gaming giant, however, the closure has nothing to do with its New Jersey casino site or other operations outside of the U.S.
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Time to Re-tool That Marketing: Online Poker Revenues Dropping in New Jersey

Time to Re tool That Marketing Online Poker Revenues Dropping in New Jersey 300x164 Time to Re tool That Marketing: Online Poker Revenues Dropping in New JerseyThe New Jersey Division of Gaming Enforcement is painting an abysmal portrait of the state of online poker in New Jersey, corroborated by new data put forward by the team at PokerFuse.

For the first time in New Jersey’s eleven month online gambling run, revenues dropped below $2 million in October (the second consecutive declining month).

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Does Online Poker Need a Dash of iCasino Gaming for Survival?

Does Online Poker Need a Dash of iCasino Gaming for Survival 300x164 Does Online Poker Need a Dash of iCasino Gaming for Survival?Is the popularity of online poker capable of ushering in a new era of legalized online gambling across the United States, or does online poker need some of the strength and sexiness of iCasino gaming to push ahead to its full potential?

The Poker Players Alliance believes that the U.S. online poker sites need casino-style gaming to survive, not one-player games such as slots and roulette.

“The PPA recognizes that, which is why PPA Executive Director John Pappas has stated before he would like to see federal legislation with a poker carve-out,” writes Steve Larson of Legal U.S. Poker Sites. “This week, Pappas has clarified his position, saying that online poker in America might not be able to survive. The PPA’s stance might seem conflicted, but it makes sense, once one gets into the nuances.”

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