• 3 States May Legalize Online Gambling

SAN FRANCISCO — Undeterred by murky federal law and emboldened by a trade ruling, at least three states are edging toward legalizing online gambling, and Great Britain is on the verge of permitting its land-based casinos to take bets online from U.S. citizens. Those are the latest assault on the federal Wire Act of 1961, which bans use of telephones to place sports bets. U.S. lawmakers have struggled for a decade to update the law, hoping to restrain the fast-growing, $10 billion-a-year Internet gambling industry. Legal experts say that the act is narrow and hard to enforce and that it does not specifically ban casino games. The vague law has prompted online gaming overtures from: • States Lawmakers say they are confident proposed legislation will not violate federal law, and they are willing to defend themselves in court. "No one wants tax increases. This is a legitimate revenue maker," says North Dakota state Rep. Jim Kasper, R-Fargo. He introduced legislation that would allow Internet poker sites to operate inside the state. It has passed the House. [...]

> Read the full story here Source : USAToday.com

• Online Casino 888.com Plans Float - FT

LONDON (Reuters) - Online casino 888.com is set to float in the second half of this year for around $1.6 billion (840 million pounds), the Financial Times has reported in an unsourced article. Cassava Enterprises, the owner of 888.com and one of the world's biggest Internet gambling groups, has hired Credit Suisse First Boston to prepare the flotation, the FT added on Wednesday. Cassava was unavailable for comment. The article did not say where 888.com would float, but London has become the de facto listing center for Internet gambling companies. In January, the world's biggest online poker company, PartyGaming, said it was considering what would be one of London's largest share listings in more than three years, estimated at over 3 billion pounds. 888.com recently estimated the amount Britons are gambling over the Internet has increased more than six times in the last year.

> Read the full story here Source : Reuters.co.uk

• 'Poker 425' To Give Programming To Late Night Poker Viewers

UK -- (PRESS RELEASE) -- William Hill TV, Channel 425(on the Sky platform), which is owned by the UK's leading fixed odds bookmaker, announced today the launch of a new style poker programme, 'Poker 425' for the burgeoning late night poker viewer with the first programme airing on Wednesday 23rd March. 'Poker 425' (You'll find it exactly where it say's on the tin!) is a weekly magazine style programme which moves away from the usual repeat broadcasts of old tournaments (some up to 5 years old) to bring the poker aficionado the most 'recent and relevant' news from the European Poker Tour. At the helm is a fresh 'poker' face in 5TV presenter Johny Gould and professional player Tony Kendall. 'Poker 425' (sponsored by williamhillpoker.com) aims to bring a fresh outlook to the game, featuring the most recent tournament action, results, analysis, interviews and tips from the top European professionals competing in the European Poker circuit. Poker has been on the up and up over the last few years and a similar rise in popularity could be attributed to Channel 425 TV since it's launch in October 2004. Proving a smash hit in 'wooing' armchair punters, the inventive programming on Channel 425 TV has seen an influx of viewers establish the Channel as one of the betting industries biggest success stories in recent years and has positioned William Hill as the dominate betting brand in Europe. David Hood, William Hill PR Director said; "We expect 'Poker 425' to attract a large slice of the late night poker viewership. An explosion in the number of players now participating in the game means Poker is the hottest gaming product on the internet. William Hill is bringing together the popularity of williamhillpoker.com (with players in over 150 countries) and Channel 425 TV to ensure some dynamic content for 'Poker 425'. It is a natural fit for Channel 425's late night viewers." Whilst stimulating betting activity via Hills established Internet and telephone mediums, Channel 425 offers viewers an interactive function via the 'red button' with a host of RNG products available 24hrs a day, 365 days a year. Players can register to play roulette, virtual racing, spoof, roll-em and many other games whilst the daily programming on Channel 425 still revolves around Racing Live, a live 3½ hour show featuring up to 40 live greyhound races a night. The station starts live programming in mid afternoon with the recently acquired 'The Game' programme hosted by Patrick Kinghorn on TalkSport, which promotes evening football and sports betting opportunities. 'Poker 425' will be broadcast at 11pm each Wednesday night, and repeated at the same time nightly throughout the week.

> Read the full story here Source : Press Release

• Canadian Turns $4 Tournament Into $605,000 In Earnings At WPT

SAN FRANCISCO, CA, March 15 /CNW/ - Jay Martens, an online Paradise Poker player who lives in Prince George, British Columbia placed second at the final table of the WPT Shooting Stars Tournament in San Francisco this weekend. Martens entered the tournament by participating in a Paradise Poker $4 online qualifying tournament. He was up against Gus Hansen, the top WPT player of all time for the $1 million first prize. Paradise Poker sent 100 of its online players to the WPT tournament. These players ended up winning $1.1 million of the $4 million prize pool. "We know our site attracts the best poker players in the world," said Bruce Stubbs, Marketing Director Paradise Poker, "We are happy to prove this by giving our players the opportunity to play for big cash prizes, against the best players in the world in televised tournament competition." Another online qualifier from Paradise Poker, Corey Cheresnick from Florida, made the final table and placed sixth, winning $240,000.

> Read the full story here Source : NewsWire.ca

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