2006 November 03 Poker News, Events and Happenings - Page 3

Eurogamer’s second poker challenge heat took place last night, with 102 of you turning out to stake a claim for the US$ 500 prize pot and a place in December’s grand final.

The Business reports that Americas MGM Mirage and Britains Ladbrokes, two of the worlds largest gambling groups, have started exploratory takeover talks with internet rivals decimated by recent US Congress legislation banning online gambling.

The pioneering online gambling software firm CryptoLogic has reported third quarter revenues up 32 percent to US$27.7 million (GBP14.5 million), with EBITDA of US$7.6 million, a 27 percent rise on 2005.

British legal company Tarlo Lyons has published a report reviewing the impact of the Unlawful Internet Gambling Enforcement Act. In it, the company spells out the choices facing online gaming operators and the potential legal developments the industry is likely to face.

The Intertops.com Lady Luck was well and truly on the side of a 27 year old Finnish poker enthusiast, Petteri S. as he sat playing Texas Hold em on IntertopsPoker.com, when his table was handed the honor of receiving the 1,000,000,000th played hand on the network.

More than 800 employees of Party Gaming subsidiary Ivy Comptech in India are feeling the sting of the Unlawful Internet Gambling Enforcement Act passed by the United States Congress recently. The employees are the victims of a retrenchment exercise that the company has embarked upon as a “right sizing” initiative, reports The Asian Age.