Land Based Casinos Brace for Impact of Internet Gambling

From ABC News With legal gambling now moving beyond the casinos and onto the Internet, the industry is bracing for the most far-reaching changes in its history. A Las Vegas firm, Ultimate Gaming, on Tuesday became the first in the U.S. to offer online poker, restricting it, for now, to players in Nevada. New Jersey and Delaware also have legalized gambling over the Internet and expect to begin offering such bets by the end of this year. And many inside and outside the industry say the recent position taken by the federal government that states are free to offer Internet…

Nevada Online Poker Site Deals 100,000th Hand

Ultimate Poker has registered thousands of online poker users from every U.S. state and 20 countries. That’s in just 72 hours. By Thursday evening, the website dealt its 100,000th hand of poker. Around 10 p.m., Ultimate Poker had 50 poker tables with action. “I would say we were the largest poker room in the state at that hour,” Ultimate Gaming CEO Tobin Prior said Friday. Company officials said the launch of Ultimate Poker, the nation’s first legally regulated pay-to-play online gaming website, has exceeded expectations. Ultimate Poker Chairman Tom Breitling didn’t want to reveal official numbers for the website’s first…

PokerStars Wins Legal Delay in Casino Fight

A deal that would have given online-gambling giant PokerStars a chance to re-enter the U.S. market turned into a legal battle Monday as a judge agreed to temporarily block investment firm Colony Capital LLC’s attempt to terminate a casino-sale agreement with the company. A New Jersey Superior Court judge issued a temporary restraining order that prevents Colony from negotiating with other parties to sell its Atlantic Club casino in Atlantic City, N.J., for 10 days. A hearing is set for May 17, when the judge will consider a lengthier restraining order. PokerStars had agreed last fall to purchase the struggling…

Illinois Senate OKs bill allowing video gambling at horse-racing tracks

The Illinois Senate on Wednesday approved a gambling expansion bill that allows a new casino in Chicago, four new casinos elsewhere and video gambling at horse-racing tracks. The measure passed 32-20 in the Senate and now goes to the House. If approved there, it would need the governor’s signature. Senate Bill 1739 is similar to bills passed by the General Assembly in 2011 and 2012. Those bills were rejected by Gov. Pat Quinn, who said he wanted any gambling expansion to include more safeguards against corruption. The measure would allow a new casino in Chicago as well as new casinos…

Software Bug for Video Poker a Hacking Case?

On Monday, July 6, 2009, a video poker was the center of attention. Two engineers from Nevada’s Gaming Control Board showed up at the Silverton Casino Lodge. The off-the-strip South Las Vegas casino is best known for its mermaid aquarium, but the GCB geek squad wasn’t there to see swimmers in bikini tops and zip-on fish tails. They’d come to examine machine 50102, a Game King video poker unit on the casino floor that had been waiting for them, taped off like a crime scene, all weekend. Manufactured by International Game Technology – a gambling leviathan that boasts $2 billion…

IGT’s Wheel Of Fortune Slot Creates Another Millionaire

From Daily Markets A Tucson, Arizona man became a new millionaire when he won a $1,135,558 jackpot on an International Game Technology (NYSE:IGT) Wheel of Fortune Double 3X4X5X Pay video slot machine on April 26, 2013 at Desert Diamond Casino.   OUR INTERVIEW WITH IGT ABOUT THE FUTURE:   Mohan N. celebrated his winning together with his son and daughter, and his son-in-law. The new millionaire plans to use his life-changing jackpot to pay off his children’s student loans and help his wife as she prepares to undergo surgery. IGT launched MegaJackpots® progressive product line in 1986 and has since…