2006 October 04 Poker News, Events and Happenings - Page 3

In the fifth annual UltimateBet.com Poker Classic, online poker superstar Cliff JohnnyBax Josephy took home second place for $446,975. It was the largest single cash ever for Josephy, making six cashes for him in World Poker Tour play. Primarily an online poker player, Josephy was ranked as the number one online poker tournament player on PocketFives.com (www.pocketfives.com) for exactly

One of the most player friendly online poker sites around has recently made an effort to calm the worries of its membership, worries fanned by recent movement in US legislation towards enforcing a ban on online poker. Full Tilt Poker, the site that offers up the clever black and white commercials with so many of the game’s pro players, has pointed out that even after the President signs the new bill into law, the banking industry has 270 days to enforce the new rules. On the site’s blog the word is calm reassurance, along with a wait and see attitude…

When the US Congress moved to pass a bill that would enforce a ban on online poker, more than just the poker industry was affected. While it could be a year or more before the effects of this bill are truly felt, if it is actually signed into law by President Bush, many online poker companies are jumping to worst case conclusions and banning IP addresses from their US customers. Stock in these companies has recently taken a nose dive, and as a result companies like Daniel Stewart Securities have taken a hit in the pocket book…

On Wall Street, poker has long been a favorite hobby of overworked, highly compensated investment bankers looking to test their wits and luck and to compete for huge sums of money.While the game has been infamous for attracting deceitful characters and inviting huge risk, these days many New York corporations are using poker as part of a safe night out. In the past, bankers courted their

Whilst publicly quoted companies do not have the same flexibility, for many of the private online gambling companies it’s business as usual in the US, at least for the immediate future, and a low profile in terms of their intentions.

The always articulate and fearless Sportingbet executive Nigel Payne has strongly attacked the new US anti-online gambling legislation in a widely reported interview with the BBC.

PartyGaming must negotiate a new loan facility with its banks within 30 days of U.S. President George W. Bush signing into law a bill to crackdown on Internet gambling, the British newspaper The Financial Times reported this week.