Recently, the state of New Jersey approved a law to legalize Internet gambling. The law will allow online betting in any game currently offered by the Atlantic City casinos. New Jersey Gov. Chris Christie signed the bill, in February, after the legislature enacted the amendments that he had requested. The bill was sponsored by Sen. Raymond Lesniak.
More specifically, the law establishes a 10 year trial period for approved internet gambling sites. After the first ten years, the state will conduct a review. Additionally, Atlantic City casinos will be required to pay a 15 percent tax on any online winnings. This is an increase from the current 10 percent tax that the Atlantic City casinos Continue reading…
SunFirst Bank Owner and Vice Chairman Charged with Online Gambling
Jon Campos ended up serving only 3 months for allowing his bank (SunTrust) to act as a gambling payment processor for well over $200 million for US poker players.
The U.S. Department of Justice (DOJ) has commenced a prosecution against 3 of the world’s largest online poker sites. 11 people were indicted on April 15, 2011, for violations of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA), money laundering and conspiracy to commit bank fraud. Among the indicted are John Campos, Chad Elie, Isai Scheinbert and Raymond Bitar. Chad Elie was released on $250,000 bond Tuesday, April 19, 2011. John Campos was released on $25,000 bail on Monday, April 18,2011. Campos has to keep in touch with the Utah Probation Department. He also had to surrender his passport.
John Campos is a part-owner of SunFirst Bank. He is also vice chairman of SunFirst Bank’s board of directors. He is charged with setting up accounts with SunFirst Bank to receive payments from U.S. online gamblers in violation of the UIGEA. The payments were made to PokerStars and Full Tilt Poker, two of the three largest online gambling sites listed in the indictments. Mr. Campos is a resident of St. George, Utah. SunFirst Bank is also headquartered in St. George, Utah.
No court date has been set for Mr. Campos. Neal Kaplan, Mr. Campos’ attorney, expects a date to be set in a few weeks. Mr. Campos will be tried in the Manhattan U.S. District Court. Mr. Campos is only being charged with 6 of the 9 counts listed in the indictment. Mr. Elie is being charged with all 9 counts of the indictment, which explains his bail being 10 times greater than Mr. Campos.
It’s almost that time of year again! The 43rd annual World Series of Poker begins Sunday, May 27th with the last tournament starting Monday, July 9th in Las Vegas, Nevada. Each year thousands of poker players risk their bankrolls for a chance to win over $190,000,000 in available prize money. Some risk it all for the winner’s bracelets that adorn the wrists of legends like Phil Helmuth, Doyle Brunson and Phil Ivey and the respect that comes with a WSOP bracelet.
The Rio All-Suite Hotel & Casino (owned by Caesars) is hosting the tournament again this year. 480 poker tables fill the 125,000 square foot ballroom along with cameras from ESPN to capture the all-in action. Buy-ins for each tournament range from a direct buy-in of $500 to $1,000,000 while some players won seats at the many WSOP circuit events held all over the country through out the year. There are some US friendly poker sites offering WSOP satellites, like Lock Poker. Of course all the non-US poker sites like PokerStars also offer WSOP seats for winning online tournaments.
The most well-known of the events is the $10,000 buy-in No-Limit Hold’em Main Event. It begins Saturday, July 7th and runs until the final table of nine players is determined. Since 2008, play of the final table has been delayed until November, earning the players the nickname of the November Nine. Due to the 2012 Presidential Election, play this year will begin on October 28th. Will it now be call the October 9?
Several variations of poker are played during the World Series of Poker, the most common being No-Limit Hold’em. Other events being offered this year are Heads Up No-Limit, Pot Limit Omaha, H.O.R.S.E, Limt Hold’em, 2-7 Triple Draw Lowball (limit), amongst many others. Visit the World Series of Poker official page for a full event schedule.
WSOP is sponsored by Caesars Entertainment, formerly Harrah’s Entertainment. Event players can contact any of their Las Vegas hotel resorts for special room rates and accommodations during the WSOP. Registration opens May 27 with pre-registration available 14 days prior to any bracelet event. Players who bust or are waiting for an event to begin can also take advantage of the numerous cash games and non WSOP events that will run during that time.
Casino players who decide to take their gaming to the Internet will want to make sure they know all about what it is that they should be looking for. By choosing a good online casino a player can expect to have a great time and have plenty more chances of winning. On top of locating an online casino run by dependable software, players also want to find one which offers good games, good support, and good promotions. However, players will also want to look for online casinos offering progressive jackpot games players can really get excited over.
A game which offers a progressive jackpot will offer players more chances to win huge amounts of money. The way a progressive jackpot works is that a percentage of the amount wagered on the game will be added to the progressive jackpot. This means that the jackpot can become extremely large. In fact, many of the progressive jackpots can get to be more than a million dollars.
A lot of players don’t realize just how generous the progressive jackpots can be. A simple search on the Internet will reveal some of the largest progressive jackpots that have a lot of money to offer lucky winners. When it comes to locating an online casino that offers plenty of progressive jackpots, players will be glad to learn that most of the popular online casinos do offer them. As long as a player makes sure to check out the reputation and features of the online casino they play on, they can try for those progressive jackpots while they take advantage of good bonuses and other promotions.
Some of the games will offer players to obtain a certain outcome in order to win the progressive jackpot, while many times others can be won at random. Since the rules of a progressive jackpot can be different at each one of the online casinos a player needs to make sure to read the information offered on the casino. For many lucky progressive jackpot winners, the experience has proven to be life changing. Often times, the online casinos can be more generous than the land based casinos and the progressive jackpots can get to be much larger. Anyone looking forward to playing at an online casino will want to be on the lookout for those progressive jackpots since they can add so much opportunity for an online casino player looking for a big win.