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Gambling Update: Atlantic City casino introduces sophisticated poker chips

04.10.2014     07:30 AM     Printer Friendly

After getting burned by fake chips, Atlantic City's Borgata Casino was forced to go a more modern route. The new chips can be authenticated using some sort of UV light.

"This was very expensive, but very necessary," said Joe Lupo, the casino's senior vice president. "In order to have the biggest tournaments in Atlantic City and as the market leader, we need to ensure the integrity of the games."

The old counterfeit poker chips in the toilet trick

01.29.2014     06:28 AM     Read more

Tags: Poker

Anti-online gambling lawmakers scoff a poker being a game of skill

03.28.2014     08:50 AM     Printer Friendly blog entry.
Man, these anti-gambling crusaders are pricks.

“If you want to have online gambling, then come to the Congress. ... If you want to have a poker exception, offer an amendment and see if it will pass,” said Sen. Lindsey Graham, R-S.C., who introduced the bill today along with Rep. Jason Chaffetz, R-Utah.

“Sheldon has aligned himself with most Baptists in South Carolina,” Graham said, when asked about the association of his efforts with Adelson’s campaign. “I’m on solid footing with the people of South Carolina that I represent. The fact that Sheldon is on board is a good thing.”

Tags: Poker

Drunk poker game bet backfires in a big way

03.10.2014     10:45 AM     Printer Friendly blog entry.
Meet Full Metal Havok More Sexy N Intelligent Than Spock And All The Superheroes Combined With Frostnova.

"My friend lost a bet five years ago and changed his name.

"He just found out it was actually accepted last week when his passport expired."

Tags: Poker

Nevada and Delaware team up with online poker

02.26.2014     07:30 AM     Printer Friendly blog entry.
If you live in Delaware and your buddy lives in Nevada you'll soon be able to play online poker against one another.

“We’re standing in a moment of history today,” Sandoval said at a news conference with Delaware Gov. Jack Markell. “We hope (the deal) will serve as a model for multistate collaboration and that other states will see the benefits of the agreement and soon decide to join for themselves.”

“We can’t wait,” Sandoval said of Washington’s continued, on-again, off-again wrangling with legalizing online poker. “I see this as an opportunity for the states to show leadership, and it’s good for gaming, it’s good for business, and it’s good for the economies of our two states. “

Tags: Poker

Making a living as a tournament poker player is a grind

02.19.2014     12:10 PM     Printer Friendly blog entry.
Good article on Deadspin on how hard it is to make it as a tournament poker player.

To make $60K with a 25% ROI, you need to play tournaments with a combined buy-in of $240,000. Nearly a quarter of a million dollars of buy-ins each year in order to make what is a little above average income in the US.

Tags: Poker

Casino execs say online gambling won't hurt land-based operations

02.18.2014     08:03 AM     Printer Friendly blog entry.
According to a few prominent casino executives, online gambling is not going cut into the profits of brick-and-mortar operations. This of course a far cry from Sheldon Adelson's claim that it will "cannibalize $25 million to $50 million of land-based revenues at the state’s land based casinos."

“These results also once again demonstrate online gaming’s potential to expand our business,” Smith said in a statement. “About 85 percent of our online players have not had rated play at Borgata in at least two years, showing there is little overlap with our land-based business.”

The Golden Nugget’s Thomas Winter told reporters that his company expects 60 to 70 percent of online players to be made up of customers who infrequently or never visit the Golden Nugget.

Tags: Poker

New Jersey online poker showing signs of life

02.17.2014     10:58 AM     Printer Friendly blog entry.
Here's some results of a recent poll on New Jersey online poker players.

“Of the online players that we researched just two weeks ago, 35% had only begun gaming online following New Jersey’s decision in November 2013. This level of take-up, coupled with the movement to approved sites, represents a compelling fiscal case study for states seeking to cut their budget deficits.”


Tags: Poker

The old counterfeit poker chips in the toilet trick

01.29.2014     06:28 AM     Printer Friendly blog entry.
Well, here's a subplot for Ocean's Fourteen. A man made counterfeit poker chips, used them in an Atlantic City poker tournament, disposed of said chips by flushing them down the toilet [insert lame joke about a Royal Flush], and of course got busted.

Tags: Poker

Louisiana wants to get in on the internet gambling party

01.23.2014     11:54 AM     Printer Friendly blog entry.
Louisiana looking to try its hand at online gambling. How about a – or would Phil not approve?

“The joint committee is studying the feasibility of proposing internet gaming in the upcoming legislative session,” Jones told pokerfuse.

Tags: Poker

PokerStars positioning itself for New Jersey online poker

01.22.2014     01:49 PM     Printer Friendly blog entry.
Interesting article on about the likelihood of PokerStars soon becoming a part of the New Jersey online poker scene.

Sources have told that the US Department of Justice has adopted a new approach toward pending prosecutions of individuals in connection with online gambling. In essence, provided those being prosecuted aren’t US citizens and the companies with which they are associated maintained no physical infrastructure within US borders, the DOJ will accept corporate pleas and fines to resolve all outstanding charges.

Tags: Poker


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