Editor's Note: An earlier version of this story incorrectly indicated that all aspects of the deal for the sale of Full Tilt Poker to Groupe Bernard Tapie had been finalized, including an agreement between Full Tilt Poker and the U.S. Department of Justice. A final announcement is still pending.
Federal prosecutors on Tuesday accused executives at the online site Full Tilt Poker of operating a Ponzi scheme, siphoning more than $440 million in gamblers' winnings to board members and owners.
The major talking point at the World Series of Poker in Las Vegas this summer was the extent to which experts had got their predictions wrong.
It's never too soon to start thinking about next season (assuming there is one, of course), and the online gambling site Bodog has the early lines on the favorites. Miami (5-to-2) leads the field, while Toronto (150-1) is the longest of the long shots. Here's a look at the top six contenders on the board and our view of their chances of winning the championship in 2012, with the caveat that the effect of the new collective bargaining agreement on roster decisions is obviously a huge unknown.
Supporters of online poker are trying to sell the games as a potential source of tax revenue.
Shaun Poland is 25 years old, he wears a lip ring, and he lives in southern Maine.
It's not often that opportunity arrives in the form of a federal indictment. But that's exactly what's happened in the world of online poker.
Online poker players will be able to withdraw money from accounts at two of the three Internet poker companies recently indicted for bank fraud and money laundering.
The founders of the three largest Internet poker companies have been indicted for bank fraud and money laundering, federal law enforcement officials said Friday.
CNN's Anderson Cooper and his panel discuss Sen. Harry Reid's push of a gambling bill during this congressional session.
Senate Majority Leader Harry Reid, D-Nevada, may have to fold his efforts to push a measure legalizing online poker in the United States into a tax-cut bill, in light of strenuous opposition from Republicans.
Police in China said they broke an illegal soccer gambling ring ahead of the World Cup in South Africa, the state-run Xinhua news agency reported on Tuesday.
Poker's one-time leader has just folded its hand.
The man who founded and ran the online sports gambling operation BetOnSports pleaded guilty and agreed to forfeit more than $43 million in proceeds, prosecutors announced Friday.
If your favorite book happens to be Seabiscuit, you already know the answer to the following question: What are the three legal forms of online gambling in the United States?
Two Chinese nationals found dead in an apartment in a brutal double killing in the northern English city of Newcastle last week may have been involved in Internet betting scams and producing false visas, police said Friday.
Time.com: Betting on a Marketupdated: Mon Apr 21 2008 11:00:00
How Betfair's Bert Black and Edward Wray turned a garden party chat into an online gambling powerhouse
Poker may not seem as hip as it was just a few years ago. And nobody's feeling that more than shareholders of WPT Enterprises, operator of the World Poker Tour.
Team managers have postponed a decision on the dispute over the Paris-Nice race and have asked for a conciliation meeting with the International Cycling Union (UCI) and event organisers.
$6.5 billion: The amount wiped off the value of online gambling shares on Monday after the U.S. Congress passed legislation to ban Internet gaming there.
France coach Raymond Domenech has extended his contract and will remain in charge of the national team at least until after the 2010 World Cup finals in South Africa, the French Football Federation (FFF) said on Friday.
When he won $12 million in the World Series of Poker in Las Vegas this month, Jamie Gold, a television producer, pumped his first in the air, hoisted stacks of cash over his head, and wrapped his mother in an embrace.
The habit started seemingly innocent enough, buying scratch tickets at local liquor stores and gas stations 10 years ago. But a few years later, he would find himself -- night after night -- in a Kinko's FedEx store. He wasn't there for the copiers, but for the Internet connection. And he was in trouble.
He dreamed that with the next game, the next jackpot, the next click of his mouse, he would solve all his problems. But as he got sucked deeper into the anonymous world of online gambling, his problems only got worse.
"Hey, Tony ... I mean Mr. Soprano. I could use some advice."
CNNMoney: Time to go all-in?updated: Wed Oct 05 2005 12:10:00
NEW YORK (CNN/Money) - Investors in WPT Enterprises, operator of the popular World Poker Tour television series on the Travel Channel, have to be wondering if they've been dealt a losing hand.
You've probably heard how Diana Duyser scored $28,000 on the Internet. In 1994, after sitting down to eat a grilled cheese sandwich, Duyser made a shocking discovery: A scorch mark on her bread res...
NEW YORK (CNN/Money) - You figure the standoff between Democrats and Republicans over Social Security reform has to end eventually. You even have an opinion as to how things will turn out.
The Internet casino noted for its unusual eBay purchases acquired Britney Spears' alleged pregnancy test for $5,001, according to a statement Thursday.
To many watching the New England Patriots-Philadelphia Eagles matchup this weekend, the game's outcome will take a back seat to the Super Bowl's advertisements.
An offshore online casino operator says he's making a bid to acquire a 31 percent stake in Donald Trump's casino companies, according to a published report Wednesday.
It seems strange to say this, but placing an online bet shouldn't be a gamble.
Talk about betting on a long-shot. Members of Congress, sports organizations such as the NCAA and some federal prosecutors believe they can hold back the growth of Internet gambling.
Many viewers of this weekend's Super Bowl will tune in for the commercials as much as the game itself. Now they can join fans of the game and place bets on those ads.
There's something of the night about this industry," a Merrill Lynch investment banker has warned. One evening in November in the lobby of London's Landmark hotel, where the elusive operator of the...
At times the sport of kings is still just that. On the first Saturday in May, expensively clad women in big hats and men in sharp suits flock to Churchill Downs for the Kentucky Derby, which just c...
If you need further proof that Congress works in weird ways, here it is. Lawmakers are now considering a bill called the Internet Gambling Prohibition Act of 1999. Common sense says that such legis...
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