Greece’s Online Poker Monopoly Is Not in Short-Term Plans

Poker News – As the Greek Organization of Football Prognostics (OPAP) announced its decision to focus on the creation of a new online sports betting platform in cooperation with GTECH, the risk of Greece running the next online poker monopoly in Europe is now considerably thinner. Although many thought Greece’s government could opt to close its market to international operators in 2014 and put a brand new monopoly in OPAP’s hands, the decision to focus on sports betting and not on poker is a game changer that is going to keep the country’s market open for a while longer. Even…

Regulation of online poker deals in IRS on winnings

Las Vegas Review Journal – Nearly a year after the launch of real money online poker in Nevada, there’s a new wave of players who must pay taxes on Web poker winnings from 2013. In the years before regulated online gambling, offshore sites that skirted the law to attract U.S. players may not have cooperated with the Internal Revenue Service. But the legislation passed in Nevada and two other states means that the IRS has the means to easily trace online winnings. Nevada’s first regulated real money site, UltimatePoker.com, launched in April 2013, and WSOP.com followed later in the year….

Online Poker Shared Liquidity Not a Priority for Europe

Poker News – If there will hardly be a pan-European online poker market before 2015, it’s about time Spain’s brick-and-mortar casinos start investing more in developing their online offer. A few months away from the new opening of the country’s regulated market, DLA Piper Spain partner and gambling specialist Albert Agustinoy Guilayn spoke to PokerNews about the future of the national gambling industry, highlighting some interesting opportunities for the future. Right when eGaming Review published a report that shows how over 40% of Spain’s online poker players are still active on non-licensed operators, Agustinoy Guilayn explained how the nearest future…

More Full Tilt Poker Money Released To Victims

Card Player – Another round of remission for victims of the old Full Tilt Poker went out on Tuesday, the group hired to help facilitate the massive process said. Garden City Group announced on its website that an additional $5 million of missing funds entered the hands of 2,200 players, collectively. Both figures are approximate. To date, around 30,000 poker players have been repaid around $81 million. In February, $76 million of player money was released, $1 million of which belonged to a single player. In the initial collection of the financial data, more than a million potential victims were…

PokerStars Releases Statement Addressing California Opponents

Poker News – It’s no secret that California is the next state most likely to legalize some sort of Internet gaming. It’s also no secret that PokerStars has been working towards integrating themselves into the future online poker market in the “Golden State.” Not surprisingly, the online poker conglomerate has been met with some opposition. Last week, over a dozen tribes, including the San Manuel and Pechanga, released a statement urging the State Legislature to “prevent unscrupulous entities” from future iPoker opportunities. “Recent news reports indicate that online poker operator, PokerStars, is in partnership negotiations with a California tribe and…

Nevada Poker Sites Generate $824K in February

Card Player – Although it fell under the radar for the most part, Nevada’s gaming industry had an important milestone last week. February marked the first time ever that a Silver State gaming revenue report included online poker figures. The state was keeping the numbers under wraps until a third casino firm, South Point, started offering games. Station Casinos, which debuted games in spring 2013, and Caesars Entertainment, which kicked things off in late summer, are the other two. In other words, from now on the successes or failures of Nevada’s online gaming industry will be out in the open…