Online Poker Room Sued for $75 Million
Millions of dollars are made at online poker rooms all year round, but this might be the first time a poker room will have to pay out so much that wasn’t part of a poker tournament. The poker room in question is UltimateBet, the online home of WSOP legend Phil Hellmuth, which has been targeted for a $75 million lawsuit. The lawsuit cites claims that a long term cheating scandal - one in which UltimateBet employees could read other players’ hole cards, enabling them to beat them routinely - has resulted in damages worth the high figure.
Related Articles:
Betfair Poker struggles despite WSOPE
Online poker room breaks own record…
Related Poker News:
- Phil Ivey Sued By Ex-Wife
- Poker Winner Gold Sued for Half of $12 Million Prize
- Inside Gaming: Wynn Sued by Own Vice Chair, South Korea to Build $3B Casino, and More
- Interesting Problem for Online Poker Players in Germany
- Poker Series Champion Gold Sued for Half His $12 Million Prize
- Florida Poker Rules Keep Changing
- US State Seeks Control over Poker Domains
- The Nightly Turbo: PokerStars Team Pro Tuesdays, Williams Sued, and More
- The Price of Fame – WSOP Champ Gold Sued for Half his Winnings
- Empire Online Sues PartyGaming for Breach of Contract
- Online Poker Room Offers Cash to New Players
- Online Poker Room Re-Launches
Casino poker language:
- BET - To put money into the pot, pursuant to the rules of the game, thus maintaining a chance of winning the pot.
- POCKET ROCKETS - In Hold'em, a pair of aces for hole cards.
- REBUY - [1] To purchase additional chips after an initial buy-in, usually after losing most or all of the previous buy-in. This term is most often used in certain tournaments where if one loses all one's chips, or falls below a certain minimum chip level, for an additional sum of money one can purchase a fixed amount of additional tournament chips. Usually there is a time limit (The "REBUY PERIOD") as to how long rebuys are allowed. [2] The additional chips "rebought" in tournament play.
- COLD CALL - Calling both a bet and raise at the same time, as opposed to calling a bet then later calling a raise made after the call.
- DRAWING DEAD - A draw in which it is impossible to obtain a winning hand for any of a variety of reasons: an opponent's hand is better than whatever you are drawing to, the card(s) that make your hand are out of play, or (in Hold'em) give an opponent a stronger hand even if it makes yours. Frequently used in the past tense, since one rarely knows it at the time.
- MARKED CARDS - Cards that have been (illegally) altered so that their value can be read from the back.
RSS feed
