Hit and Run: Cantor Settles for $22.5m; Millennials at G2E; 888 Awarding 4 WSOP VIP Packages
A black eye for legal sports betting in the US. 888 Poker sending four VIP’s to the November Nine; FullFlush Poker goes offline, status of player funds unknown. And more.
Cantor reaches $22.5 million settlement with US government
The legalization of sports betting is hot in the streets right now – the topic couldn’t be avoided at the recently concluded Global Gaming Expo conference.
But, while advocates for the legalization and regulation of sports betting are touting the robust regulations and consumer protections that the proliferation of sports betting beyond the borders of Nevada would bring about, a recent Wall Street Journal story about violations by a licensed Nevada sports book affiliate is probably not going to help very much.
Cantor Fitzergerald LP, one of the biggest legal sportsbooks affiliates in Nevada, “has agreed to pay $22.5 million in penalties and forfeiture to the U.S. government in conjunction with its involvement in illegal gambling and money laundering,” per the WSJ.
According to the article, the offenses came between 2009-2013, and including aiding and abetting in taking illegal wagers.
– The Kahnawake reservation in Canada will no longer be the easy access point for offshore operators looking to service the US online gaming market. In a first of its kind agreement, the Kahnawake Gaming Commission and the New Jersey Division of Gaming Enforcement have reached an agreement that will force these online gaming operators to cease operations in the US or lose their KGC license.
– FullFlushPoker.com appears to be DonkDown. The site is offline and the domain is listed for sale according to veteran poker reporter John Mehaffey.
– There are some changes afoot at partypoker. The site has decided to anonymize all hand histories, so any hand histories a player requests will make all opponents’ screen names anonymous. Not everyone is a fan of the changes, including a player rep that has been working with partypoker, who posted on 2+2 that the new changes will make it harder to ferret some forms of cheating.
– What happens when you send a couple of millennials to the biggest trade show the casino industry hosts? The answer to that is… you get a lengthy, and pretty interesting column in CDC Gaming Reports. Cory Roberts and Mitch Broughton, went to G2E last week and took some of the new “millennial-friendly” products for a test drive.
– 888 Poker is running a Facebook promotion that will award four World Series of Poker November Nine VIP packages. All you have to do to be entered in the drawing is, “play in the 888 poker Facebook Trivia Game from October 2 – 7 and answer eight questions correctly,” according to PocketFives.com.