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2 poker sites agree to forfeit $731 million

The world's largest poker company and its rival have settled federal money laundering and fraud charges, agreeing to pay hundreds of millions of dollars, authorities said. PokerStars, which is based on the Isle of Man, off the coast of Ireland, agreed to forfeit $731 million, including $547 million that will be available to reimburse U.S. customers of the rival, Full Tilt Poker. Full Tilt also agreed to settle and will cease independent operations.

 

House Panel Approves Legalizing Online Gambling

A House panel has approved a measure that would legalize online gambling, putting it under federal regulation. Online poker is thriving but illegal in the US, but the ban is almost impossible to enforce, since the sites and computers ...

 

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