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Showing posts with label full. Show all posts
Showing posts with label full. Show all posts

Wednesday, June 15, 2011

What’s New in Online Poker?

Legally speaking not much, but what news there is isn’t good news

subject-poker-logoFirst off, a big shout out to the people at Subject: Poker.  This is a new poker news source website and they are definitely going the extra mile to ask the hard questions and actually check their facts.  In fact all of the new interesting news is being broken by them and every other poker and/or gambling website is rehashing old news (like a police department getting part of the seized funds from the 2nd online poker raid that hit DoylesRoom and TruePoker.

So what is going on?

  1. Cereus is 50-60 million in the hole (to players both US and offshore and other debts) and has about 10% of that in cash.  Is this bad?  Not if you hate money.
  2. Subject: Poker did an interview with John Pappas of the PPA in two parts.  You can read Part 1 and Part 2 on their website and they are definitely worth reading.  The reporter—Noah Stephens-Davidowitz (I believe that’s a Native American name) kept asking the extra question to get John Pappas out of the comfort zone.  I both found out some terrifying things about the PPA and also found some new respect for them and for John Pappas through this interview.
  3. Nothing.  Full Tilt is still not paying US customers.  Cereus is still not talking to anyone.  Nevada is still primed to take over organized crime licensing and regulating online poker as soon as a federal law is in place.  I will keep you posted when something interesting happens!