Weekly Roundup June 28 2013

Weekly Roundup June 28 2013

Kentucky Settles with Bwin.party

Kentucky released its claim on the Full Tilt Poker and PokerStars domain names last week.  This week it settled with bwin.party to cover losses by its residents on Party Poker and related gambling sites.  Bwin.party agreed to pay Kentucky $15 million.  This money will go to the State’s General Fund.  Kentucky announced that it will continue to go after companies that ever accepted wagers from its residents.

Lock Poker Pros Attempt to Dump Funds

Lock Poker pros Greg Tiller and Jarred Hubbard both attempted to sell a combined $35,000 in poker forums this week.  Both Lock Poker pros only wanted $.33 on the dollar for their funds.  This spooked the secondary market of Lock Poker chips in forums like Two Plus Two where players trade chips, especially players located in the U.S. that have few options or have money stuck on sites like Lock Poker.  The latest trade reported at Two Plus Two was just $.25 on the dollar.

Ultimate Poker Now Accepts Visa

Ultimate Poker announced that it now accepts Visa for deposits.  The first regulated online poker room in Nevada will celebrate its two month anniversary on Sunday.  It also remains the only current regulated online poker room in the U.S.

Online Poker World Pushes Back at Adelson

Sheldon Adelson made his media rounds last week bashing the online gambling industry and encouraging Congress to ban it.  His company, Las Vegas Sands, even went so far as to create a YouTube channel and website called Stop Internet Gambling.  One popular poker blogger has asked poker players to boycott the poker room at Venetian in response to these actions.  The proposed boycott dates are July 22 through July 26.