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Gamblers could be wagering on Internet poker in Nevada even before the Legislature has a chance to act upon several Gaming Policy Committee recommendations that could tweak current state regulations covering interactive gambling.

Gov. Brian Sandoval, following the committee's final meeting Wednesday before the Legislature convenes in February, said he's comfortable state gaming regulators are taking appropriate steps to license reputable casino operators and technology providers while protecting players' interests.

Nevada gaming regulators licensed slot machine makers Bally Technologies and International Game Technology in June to provide interactive gaming products to casino operators. Shuffle Master has received tentative approval and supplier and could receive final approval.

Read More: Shuffle up and deal: Online poker in Nevada may only be months away - Business - ReviewJournal-com

With talk that Senate leaders have come together on an online gambling bill to push in the lame-duck session between the November elections and the end of the year, Indian tribes may be preparing their own federal bill addressing Internet poker. The tribes will discuss the issue Thursday in the Senate Committee on Indian Affairs.

"I think the timing [of the hearing] is around the idea that Indian tribes are interested in drafting their own legislation," said John Pappas, executive director of the Poker Players Alliance. "They want to stake a claim to the process and feel that the best way for them to assert their interests is through their own bill."

The hearing will take place at 2:15 p.m. Eastern time from room 628 of the Senate Dirksen Building. A live webcast of the event will be available on the Indian Affairs website. Jon Porter, a former Congressman from Nevada and a lobbyist for the PPA, will testify at the hearing. The other witnesses are all from tribal interests: Tracie Stevens, chairman of the National Indian Gaming Commission; Bruce Bozsum, chairman of the Mohegan Tribe; Glen Gobin, secretary of the Tulalip Tribes; Jamie Hummingbird, chairman of the National Tribal Gaming Commissioners/Regulators; and Elizabeth Homer, an attorney who handles American Indian interests, particularly related to gaming.

Read More: News :: Could the Indian Tribes Be Preparing Their Own Federal Internet Poker Bill?

Zynga Inc. (ZNGA) stock plummeted by roughly 40 percent on Wednesday following a reporting of its weak quarterly earnings.

The company, which offered its initial public offering in December and saw stocks sold as high as $15.91 a share, closed the day at $5.08, and fell to as low as $2.93 a share after the market closed and the news broke.

Zynga did report revenue of $332 million in the second quarter, only slightly behind expectations of $343 million, but a revised yearly forecast to $1.15 billion, from $1.47 billion, caused the stock price to fall drastically.

The culprit seems to be a declining database of players who are willing to pay for their games. The company acquired the popular “Draw Something” game, expanding their overall player pool, but existing games such as “FarmVille” and “CityVille” lost their appeal with users.

Read More: Zynga Eyes Online Poker After Stock Plummets - Poker News

The Senate Committee on Indian Affairs is set to tackle the issue of online poker in the United States in a hearing on Thursday.

The hearing, entitled “Regulation of Tribal Gaming: From Brick & Mortar to the Internet,” is the latest chance for the issue of online gaming to be heard in the U.S. legislature, after several other committee hearings have also addressed the subject in recent years. Thursday’s hearing will take place in the Dirksen Building, room G50, at 2:15 p.m. Eastern. A webcast of the hearing is expected to be shown on the committee website here.


Read More: Senate Committee to Consider U.S. Online Poker Thursday

Greg Merson preferred playing online poker in class to taking notes, but he was far from a slacker.

In the past few weeks alone, the former university student’s days of multitasking have more than paid off. The Laurel native recently won $1.1 million in a 2012 World Series of Poker tournament against a field of 474. And in October, Merson will be one of nine players in a field of 6,598 with the chance of winning more than $8.5 million in the main event in Las Vegas.

The tournament, which concludes with October’s final table, is widely seen as the most prestigious poker competition in the world.

“It’s been pretty surreal,” he said. “It’s just starting to hit me in the last few days.”

Read More: A CHANCE TO TAKE IT ALL HOME - News - The Diamondback - University of Maryland

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A man accused of helping online poker companies move billions of dollars in illegal gambling proceeds overseas from U.S. customers was sentenced to three years in prison Thursday by a judge who called him an "unreformed con man" with a long criminal history.

U.S. District Judge Lewis Kaplan handed 54-year-old Ira Rubin one of the longest prison sentences yet in a prosecution that resulted in charges against nearly a dozen people and shut down the U.S. operations of the three largest Internet poker companies.

The government said Rubin fooled U.S. banks into processing gambling proceedings by making it appear that money moving through the poker companies was actually the proceeds of transactions on websites for golf stores and other businesses.

Kaplan called Rubin an "unreformed con man and fraudster" and rejected Rubin's claims that he was finished committing crimes after 15 convictions.

"I know this is my last chance to have a productive life," Rubin told Kaplan.


Read More: Online poker payment processor sentenced in NY

The Obama administration may have called off the game more than a year ago, but the nation’s poker partisans are still looking for a deal.

Card sharks are ramping up pressure on the federal government to remove a cloud of uncertainty hanging over Internet poker, caused by a patchwork of federal laws that has left the game in a state of limbo in the U.S.

“There’s a significant reason to believe Congress should do something this year. It’s our No. 1 priority, that there are strong consumer protections, so our members can go to a site that is safe and secure, and they can deposit their money and get it back when they want it. Those things aren’t guaranteed right now,” said John Pappas, executive director of the Poker Players Alliance, a group with more than 1 million members lobbying lawmakers to tackle the issue.

Read More: Online poker fans ready to deal - Washington Times

At Olympic Online Poker every poker player has their own VIP status, from Standard (VIP 1) to Diamond (VIP 6). From August 1, 2012 onwards, there will be some significant changes in Olympic-Online VIP program. These changes will be very positive for our players as the Poker VIP Club will become more simple and clear, and the bonuses bigger and more attractive.

Moving between VIP levels

So far the VIP levels were calculated based on how many Frequent Player Points were earned during the last three calendar months, but starting from September, only the last month will be taken into account. So the points you earned in August will be only counted on to determine your VIP level for September. The VIP levels will be automatically assigned on the first day of the month. The required point amounts will remain the same as previously.

Earning the Frequent Player Points and exchanging them for money

The main change in the Olympic-Online VIP program is made regarding the monetary value of FPPs which will grow at least tenfold for most players! Frequent Player Points will remain as the core value of the Poker VIP Club. The players can get additional value by redeeming the bonus dollars.

Every player is earning FPPs according to their VIP level. Also the currency coefficient is taken into account: €1 is giving FPPs 1.4 times and £1 is giving them 1.6 times more than $1.

Read More: Changes announced in Olympic Online Poker VIP Club

At the end of 2011, Bovada Poker (formerly Bodog Poker) decided it was time to revamp their software. The site made many changes that has benefited their players and now the online poker room has announced that they are offering a Mac client that is compatible to their new software changes

Bovada Poker revealed their new software in December of 2011 and their new model, the Bovada recreational poker model was considered to be controversial and many poker pros disagreed with the changes. However, now many poker rooms have made similar changes to their rakeback system based on the Bodog Model.


Read More: Bovada Poker Launches New Mac Client

In the wake of the Full Tilt Poker scandal, the Alderney Gambling Control Commission has made various changes, most notably how online poker companies handle customer accounts. It also looks like there will be more emphasis placed on being able to refund 100% of their deposits at any time.


…the AGCC now state that in order to have hold an operating license with them, clients have to hold all customer deposits (and therefore balances) in a segregated account that is separate from the business' operating or current account.

Read More: AGCC tries to create safer environment for online poker players

While they have yet to hold their first tournament, the International Stadiums Poker Tour is making moves outside of the playing arena with two announcements recently.

The ISPT is a grandiose ambition of the French financing company Groupe Bernard Tapie, who failed in their attempt at the purchase of the now-defunct Full Tilt Poker. Undaunted, GBT moved onward with its plans for the ISPT, announcing earlier this year that they will hold their first tournament at legendary Wembley Stadium in London from May 31 to June 6 of next year. Yesterday, GBT announced a very prestigious signing to lend credence to their plans.

The ISPT announced that three-time World Series of Poker bracelet winner – and two time $50,000 Poker Players’ Champion at the WSOP – Michael “The Grinder” Mizrachi would be the official ambassador for the ISPT. Mizrachi let his followers on Twitter know about the deal, chirping, “I just want to announce I will be @ISPT_poker official ambassador. Will be one of the biggest tournaments ever held!”


Read More: Michael Mizrachi Named Ambassador For International Stadiums Poker Tour

The online high-stakes cash games at PokerStars have certainly picked up lately. Last week, “Phisherman36” lost a staggering $775K, while Ilari “Ilari FIN” Sahamies won a healthy $492K. Phisherman36 was nowhere to be found late in the week, and Sahamies likely wishes he’d stayed away because he lost almost all his hard-earned winnings.

It took Sahamies just 1,724 hands spread across 39 sessions to lose $445,365, enough to make him the week’s biggest loser. Close behind was “kaju85,” who played 6,061 hands across 57 sessions and dropped $428,034, most of which went to the week’s biggest winner, “longerpig.”

It’s been awhile since we’ve seen anyone win more than $700,000, but that’s exactly what “longerpig” did this week, banking $710,798 in 14,109 hands across 126 sessions. That was quite a bit more than next biggest winner, Terje “Terken89” Augdal, who won $280,097 in 8,192 hands.

Here’s a look at some of the more interesting hands and story lines from the past week of online action:


Read more: The Online Railbird Report: "longerpig" Wins $710K, Sahamies Drops $445K | PokerNews

Charitybuzz-com is an online website that allows individuals to bid on exclusive opportunities and the money bid goes toward various charities. There are many bidding opportunities for individuals to wager on from celebrity meetings to special trips and fashion experiences to sports. The celebrity option is probably the most popular choice for bidders as ‘normal’ people can meet their favorite celebrities. The site recently added a new bidding opportunity which involves poker legend Phil Hellmuth.

Read More: Phil Hellmuth Offering Poker Lessons for Charity

William Hill Plc, the company which owns the majority share of William Hill Online where the minority share is owned by Playtech, has announced a drop in poker revenue of seven percent in the first half of 2012.

However the company said profitability was up: “…as highlighted at the time of our first quarter results, this reflects a reshaping of this business and we have substantially improved the profitability of the poker product.” It did not give the figure for reveune or profit.


Read More: William Hill Poker Revenue Down Seven Percent - European Poker News