888 Launching Interstate Poker, Mattingley Out of CEO Position

888 Launching Interstate Poker, Mattingley Out of CEO Position

888 Holdings will function as very first United States interstate poker network, between Nevada and Delaware. (Image: pokerfuse.com)

888 Poker might be in the position that is best of any brand to completely make the most of this newly regulated US online gambling markets. They’re a name that is relatively big no problems that bother regulators, plus they’re already founded (to various extents) in all three states that currently regulate online gambling.

Now, the company will be the first ever to turn intrastate online poker into an interstate enterprise. 888 has announced that they are going to launch a shared poker network between Delaware and Nevada, the two states which have signed a lightweight to allow such interstate networks to exist.

888 Only Company constantly in place to Benefit

Since that agreement was finalized between your states back it has been expected that 888 would be the first (and perhaps only) firm to take advantage of that compact february. While numerous companies have poker sites running in Nevada, 888 may be the only firm that provides software to Delaware’s three racetrack casinos. That means that any interstate partnership with Delaware would inevitably benefit 888.

The announcement by 888 came in a statement to investors this week. The company already provides the software for the World Series of Poker (WSOP) online poker site in Nevada, and is also planning to launch their own po Continue reading “888 Launching Interstate Poker, Mattingley Out of CEO Position”

MGM Resorts Pays $225,000 Settlement to New Jersey

MGM Resorts Pays $225,000 Settlement to New Jersey

Terry Christensen, former board member of MGM Resorts, imprisoned in 2006 for his role in wire-tapping

MGM Resorts International is wanting to regain a fresh Jersey gaming license for the time that is first 2010, when it attempted to sell its stake in the Borgata and ceased operations in their state.

It’s been announced this week that the company will spend a $225,000 settlement to nj-new Jersey regulators to resolve a decade-old issue relating towards the shady dealings of its board members.

Because well as serving on the MGM board for nine years, attorney Terry Christensen was a 40-year adviser that is legal personal confidant to billionaire casino mogul Kirk Kerkorian, the business’s major shareholder.

Christensen have been president of Tracinda, an investment that is private arranged by Kerkorian, in 1987, and he had also aided set up MGM Grand Air and MGM Grand Corp.

However, in 2006 he was indicted and charged, with celebrity private investigator Anthony Pellicano, with bugging the phone of Lisa Bonder, Kerkorian’s ex-wife. Christensen received a three-year prison term while Pellicano got 15 years.

However, the beef with the nj-new Jersey Division of Gaming Enforcement (DGE) appears to be that MGM continued to consult Christensen on a wide range of matters after his resignation from the business’s board and subsequent criminal conviction.

Under New Jersey Gaming legislation nobody with a criminal conviction may be co Continue reading “MGM Resorts Pays $225,000 Settlement to New Jersey”