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Poker News Digest 11/5/2008 – 11/7/2008
By Dan
Published: Friday, November 07, 2008
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- World Poker Tour Enterprises, Inc. and online poker room, Full Tilt Poker, inked a sponsorship deal this week in which Full Tilt’s free site, FullTiltPoker.net, will become the title sponsor for the twenty-six new World Poker Tour Season VII episodes on Fox Sports Net. Full Tilt follows in the steps of PokerStars, Party Poker, and UltimateBet as another major online poker room to have the spotlight shined on it on World Poker Tour broadcasts. The main difference is that the other three had sponsored tour stops – PokerStars Caribbean Adventure, Party Poker Millions, and UltimateBet Aruba Poker Classic – whereas Full Tilt will be the official sponsor of World Poker Tour broadcasts with in-show tie-ins. Full Tilt’s real money poker room, FullTiltPoker.com, ranks as the second most popular site for cash games, according to PokerScout.com.
- The Dow Jones Newswire reported that the regulations for the Unlawful Internet Gambling Enforcement Act (UIGEA) may be implemented by the end of the year. The Office of Management and Budget (OMB) received the final regulations October 21, just more than a week before the November 1 deadline for all agencies to submit any pending measures. According to PokerNewDaily.com, John Pappas, President of the Poker Players Alliance (PPA) says that November 19 is the key date for any measures, UIGEA or otherwise, to be finalized, as they are then subject to a 60-day review. That review period would end the day before Barack Obama is inaugurated and thus could be implemented without any influence from the new President. According to the Dow Jones article, this practice of pushing through “controversial” regulations in the eleventh hour of an administration’s term is called a “midnight drop.”
- Tokwiro Enterprises, owner of UltimateBet.com, was awarded a $15 million judgment Monday against Excapsa, UltimateBet’s former parent company. Excapsa was sued for its role in the “superuser” cheating scandal, which was apparently led by Russ Hamilton, winner of the 1994 World Series of Poker Main Event. Tokwiro will add the money received in the judgment to the $6.1 million it has already disbursed, to complete the more than $21 million reimbursement of UltimateBet players who were victimized by the cheaters. The Kahnawake Gaming Commission had given Tokwiro until November 3 to process the payments, but gave the company an extension because of the pending litigation. Now that the case is closed, Tokwiro CEO Paul Leggett believes “…it should now be apparent that Tokwiro had no involvement in this cheating and that we have fought to correct it with every tool at our disposal.”
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