• Prima Poker Tour Triumphs Continue

London, UK -- World famous poker foursome, the Hendon Mob, took top honors at the Poker Classics 2003 during their second stop on the Prima Poker World Tour (www.PrimaPoker.com). The Mob have got off to a flying start since the Tour kicked off at the Four Queens Festival in Las Vegas where the four Mobsters made an incredible 8 final table finishes out of 11 events. With numerous successes behind them, The Mob made a strong showing in London last week at the Poker Classics securing 6 final table finishes out of 6 events. With two stops on the Tour behind them and six more to go, The Mob have already accumulated over $140,000US in prize money, played in 14 final table finishes and already have taken home four trophies. The Tour's next stop is The Irish Winter Tournament commencing on October 23rd and culminating on October 26th at the Merrion Card Casino in Dublin, Ireland. [...]

> Read the full story here Source : WinnerOnline.com

• Why Visa Is Dropping Online Gambling

Players wager billions of dollars online each year. Almost all bets are funded, at least initially, by credit cards. Companies like Visa get a piece of the action every time their cards are used, without risking a player getting a hot streak. Yet players are finding it more and more difficult to make a deposit, let alone an actual wager, on a gaming website, using their credit cards. The largest banks, including Citibank, Bank of America and Wells Fargo, will not let their credit cards be used for online gaming. The situation is not limited to the United States. HSBC, formerly the Hongkong and Shanghai Banking Corporation, now headquartered in London, is one of the world's largest banks. In 2001, HSBC sent the following notice to its credit card holders: "The Card shall not be used for payment of any gambling transaction or other transaction which is illegal under applicable laws and the Bank reserves the right to decline processing or paying any Card Transaction which it suspects to be a gambling or illegal transaction. Notice that the bank first says you cannot use one of its credit cards for gambling that is illegal. But later it reserves the right to decline processing all gambling transactions, illegal or not." This is not really a surprise. Traditional banks have historically been very conservative by nature. [...]

> Read the full story here Source : GamblingOnlineMagazine.com

• 'Slot Machine King,' IGT Founder Dies At 91

William "Si" Redd, who founded slot giant IGT and helped popularize video poker and Megabucks progressive jackpots, died Tuesday at his beach home in Solana Beach, Calif., after an extended illness. He was 91. A member of the Gaming Hall of Fame and the Nevada Business Hall of Fame, Redd will be remembered for creating numerous innovations that helped reshape modern gaming, friends and associates said Tuesday. "Si Redd might have had more impact on gaming than just about anybody in the last 30 years," University of Nevada, Las Vegas professor Bill Thompson said. "He was a guy who tinkered, a poor boy who had ideas and hustled, and he was the force behind the development of the video poker machine." Redd, who former Gov. Bob Miller once described as Nevada's "most innovative gaming pioneer," was born Nov. 16, 1911, in Union, Miss. After a successful career as an amusement game and jukebox distributor based in Boston, Redd moved to Las Vegas in 1967 and founded Bally Distributing Co. There he began to develop a reputation as Nevada's "slot king." [...]

> Read the full story here Source : ReviewJournal.com

• High Roller Jailed

ONE of Crown's richest high-rollers is behind bars, charged with a global fraud that saw a staggering $190 million poured into his Melbourne casino account. The high-flying Singapore executive is accused of blowing tens of millions of dollars of stolen cash on Crown's big-stakes gaming tables. Crown lavished VIP treatment on Chia Teck Leng, who lived a double life as a finance manager and international playboy, for more than three years. It is believed Mr Chia jetted into Melbourne up to 50 times to indulge his passion at the Southbank gambling mecca. But his scam came unstuck on September 2, when he was arrested just days after what proved to be his final Melbourne gambling spree. Victorian Supreme Court documents obtained by the Herald Sun late yesterday detail his alleged crimes and the key role played by Australian Federal Police in netting the high-roller. [...]

> Read the full story here Source : TheCourierMail.News.com.au

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