Poker, Online Poker | featured news

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.

The chief of Full Tilt Poker surrendered to authorities on Monday and pleaded not guilty to charges of illegal gambling and that the online poker operator defrauded its players.

Court records show Tobey Maguire has agreed to pay $80,000 to settle a lawsuit filed over money he won in high-stakes poker matches from a convicted Ponzi scheme operator....

Gambling authorities have revoked the license of Full Tilt Poker, saying the online site had "fundamentally misled" regulators about its finances ...

In an aggressive move against online gambling, federal prosecutors allege three Internet poker companies tricked banks into processing billions of dollars of illegal betting proceeds.

Card-playing software is now good enough to win tens of thousands of dollars on major poker sites, and human players aren’t happy about it.

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 ...

Sen. Robert Menendez, D-N.J., introduced legislation Thursday that would allow federally-regulated online poker and other games of skill. Under this bill, gaming companies would have to undergo a thorough review by the Treasury Department including an analysis of the financial condition of the applicant, business record, and background checks.

Federal authorities in New York have frozen or seized bank accounts worth $34 million belonging to 27,000 online poker players, in an apparent crackdown on Internet gambling.