Online Casino and Gambling News: February 2011

Pokerstars in celebratory mood for fifth birthday

This weekend's Sunday Millions online poker tournament at Pokerstars will set a new record for the giant website as the company celebrates its fifth birthday. The guaranteed prize pool on the flagship tournament on March 6 has been boosted to $5 million, with a Lamborghini Gallardo super-car going to the winner in addition to the top prize.

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Online poker pro Harrington loses $477,000 in a single night

The action on the internet high stakes tables at Full Tilt Poker.com and Pokerstars.com is usually hectic, with large amounts of money crossing the virtual tables as the pros challenge each other, but occasionally a hit so big that it deserves reportage happens, and that happened this week to Jared 'harrington25' Bleznick. Bleznick is a successful New York-based nosebleed player on both Full Tilt and Pokerstars, but he lost bigtime this week...to the tune of $477,000 in one night.

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Chesapeake police break up illegal poker ring

Police in Chesapeake have charged three men with running illegal poker games at two houses, reports the Virginia-Pilot newspaper, naming Paul Klingbeil, Robert Lee Richardson and Galloway P. Martinez.

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Defendant in sports bar case receives expensive probation

In a case involving illegal internet sports betting that has been lingering for two years, a US sports bar owner was sentenced this week for running an internet gambling operation out of his business.

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New Brunswick considers joining BC and Quebec in the online gambling sector

Whilst not all of the small Canadian Maritime provinces using the Atlantic Lottery Corporation favour getting into online gambling, it appears that New Brunswick is taking a more considered approach. This week a manager of the ALC told a committee on Crown Corporations that the Atlantic Lottery Corporation is ready to expand its online gambling operations if the New Brunswick government approves the move.

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Rank Group unveils 2010 financials

UK-based gaming and betting company Rank Group delivered its full year 2010 results for the period ending 31 December 2010 this week. Rank has recorded growth in customers across all its four business and results indicate that Grosvenor Casinos has become the largest single business within the Group, providing the largest contribution of revenue to group revenue and operating profit.

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William Hill results come in at the top end of market expectations

UK bookmaker, William Hill PLC announced its final full year results for the period ending 28 December 2010 this week, noting that the results were at the top end of market expectations. Its key financial indicators included:

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Sportingbet.com numbers looking good

Veteran online gambling group Sportingbet.com has presented positive numbers in its unaudited results for the second quarter and half year ended 31 January 2011.

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Rival releases new slots in February package

Following French Cuisine - another two slots from online gaming developer Rival Gaming have been added to its February's releases.

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Organizational restructuring for Alderney Commission

The Alderney Gambling Control Commission (AGCC) is undergoing organisational restructuring in a bid to improve policy and strategy formulation which will result in a separation of the Commission’s licensing and compliance functions effective from 1 March 2011.

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