Learn Poker Now
74-YEAR-OLD POKER FAN JAILED FOR FRAUD
A 74-year-old former Irish school teacher with a persistent penchant for online poker found himself in the Dublin Circuit Criminal Court this week charged with defrauding his restaurateur employer of Euro 135,000.
The Irish Times reports that John Carlos was employed as a part-time accountant by the restaurant, and pleaded guilty to forging signatures on cheques, altering amounts on cheques and stealing money from his employer, Eddie Rockets franchise owner Peter Fortune, between 2005 and 2008.
The court heard that Carlos had been a highly-respected retired teacher and accountant in Bray, Co Wicklow, until he became a hopeless and deeply addicted gambler, ruining his family life and reputation.
Restaurateur Fortune hired Carlos, whom he had known for over 30 years, as an accountant in 1999.
In September 2008, Fortune got a letter from Revenue seeking a tax audit. He realised something was wrong and asked Carlos if he was a qualified auditor. He replied that he was not and he was let go from his position.
Fortune brought in hired external auditors who discovered that a large amount of suspicious cheques had been signed between 2005 and 2008. Fortune said some of the signatures purporting to be his were not genuine, while other signatures were his, but the amount on the cheque had been altered.
Carloss bank account showed numerous amounts going to the Paddy Power online poker website, the court heard.
In April 2011, Carlos called in voluntarily to a Garda (police) station and admitted defrauding his employer via dozens of cheques, totalling Euro 135,000. He told garda that he had lost about Euro 150,000 gambling and had run into considerable debt. He said what he had done was appalling but that he could not afford to repay the money.
The court heard that Carlos has a pension of about Euro 220 a week, Euro 150 of which he gives to his wife. He lives on the remaining Euro 70. He is now separated from his wife.
Presiding Judge Mary Ellen Ring expressed concern that Carlos had only done limited work to address his addiction, even though she said he was unlikely to reoffend because of his practical circumstances. She ordered a probation report and remanded him on bail for sentencing on June 5th.
A CHANCE FOR U.S. PLAYERS TO COMMENT ON INTERNET GAMBLING (Update)
Following up on its decision nfl football betting Bicimotos to draft a framework for regulated online gambling that will be of assistance to US states seeking to open their markets (see previous InfoPowa reports), the National Council of Legislators for Gaming States (NCLGS) has invited comments from the public to assist in the process.
The Council is collaborating with the University of Las Vegas International Gaming Institute on the project, which it hopes to bring to fruition next year.
The initiative is well-timed, with the Nevada, Delaware and New Jersey online gambling markets already legalised and several other states reputed to be actively considering possibilities.
The Council does not have a position either for or against the concept of legalised online gambling, but has recognised that it is a very real factor in the US gambling industry, and that there is a need for appropriate and effective regulation should individual states decide to take the regulatory and licensing route.
The public invitation is well and professionally presented with guidelines on the link below, and the window for comments closes on January 31st 2014.
March Madness Bracket
$100K MARCH MADNESS BRACKET CONTEST
The biggest March Madness contest just got bigger.This year Sportsbook.ag is splitting a guaranteed $100,000 in cash among our Top 5 March Madness Bracket contestants. Plus awarding a combined $5,000 in Free Bets to 1,000 other members.Play for a whopping $75,000 first-place prize when you buy your first entry for just $15. Additional entries costs little as $5 and buying multiple brackets gives you the chance to take home the entire $100K prize pot.
Here’s a breakdown of the prizes:
1st Place $75,000
2nd Place $12,500
3rd Place $7,500
4th Place $3,500
5th Place $1,500
6th to 1,005th $5 Free Bet
Visit Sportsbook.ag for an early buy-in and to make your picks
FULL TILT LAUNCH REACTIVATES 400 000 PLAYERS
PokerScout published its online poker traffic report with some interesting summations on the return of Full Tilt Poker (FTP).
Full Tilt Poker took back its second place position in the market soon after launch, averaging around 8 500 cash game players which PokerScout said is nearly triple the traffic of iPoker Network or PartyPoker.
PokerScout opines that the majority of Full Tilt players weren't poached from competitors but rather returned to online poker, specifically Full Tilt, following a 16-month absence which as resulted in the reactivation of 400 000 players. It bases the opinion on an average 5 percent drop in traffic on the top five poker sites in the week following FTP's launch which totals only one quarter of FTP's traffic.
Acknowledging that 10 percent of launch-day visitors may be attributed to "novelty factor" and "curiosity-seekers", PokerScout said even so, figures show the site would have lost only 11 percent of its customers, a surprising and impressive development.
Other network news showed the benefit of the iPoker French network's acquisition of Everest Poker.fr, with the network showing growth of 2000 percent ahead of Party Poker.fr and third place overall in the French market.
Top Movers during the week:
-Full Tilt Poker took its second place pushing 15 websites and networks down a notch.
-iPoker.fr made its top 20 debut in 18th place after the Everest merger.
-PartyPoker.fr and International.it each dropped two spots to 19th and 20th, respectively.
-PeoplesNetwork.it and IPN, formerly in 19th and 20th place, respectively, fell out of the top 20.
Year-Over-Year, online poker traffic has increased by 3 percent as the market is buffeted by tough regulatory environments and harder economic times.
The top three company's year-on-year saw PokerStars down 7 percent, iPoker Network down 28 percent and PartyPoker down 32 percent.
Notable gainers year-on-year were iPoker.fr, up 1 500 percent and Revolution Gaming (formerly Cake Poker Network) up 59 percent.
Notable decliners include IGT Poker by 90 percent, International Poker Network (IPN) down 48 percent, Merge Gaming Network down 46 percent, iPoker.it - 31 percent, PKR - 25 percent, PokerStars.fr - 24 percent and Ongame Network - 20 percent.
Under the small but interesting heading, Winning Poker Network (formerly Yatahay) was up 200 percent and Everleaf Gaming Network down by 53 percent.