Online Poker Today
March 23rd Poker news ... Online Poker Today at online-pokertoday.com
BIG MONEY TO MARK NINTH ANNIVERSARY OF SUNDAY MILLION POKER
Online poker provider Pokerstars is pushing the boat out to mark the ninth anniversary of its popular Sunday Millions weekly poker tournament series, putting up $9 million in prize money.
The anniversary event takes place on March 8 with the usual buy-in of $215, but a vastly augmented prize pool, and satellites have already commenced.
The landmark event is expected to draw large numbers of online poker fans to the website; back in 2011 when the fifth anniversary was celebrated, 59,128 players entered, generating a prize pool of almost $12 million, with the winner taking home $670,000...and a Lamborghini Gallardo.
HIGH STAKES POKER PLAYERS TO PLEAD GUILTY ON INTERNET GAMBLING CHARGES (Update)
The ripples from the enforcement bust of an allegedly organised crime-associated high stakes and celebrity poker ring based in an upmarket art gallery in Manhattan in April this year (see previous InfoPowa reports) continue to widen, with two high stakes professionals reportedly due to plead guilty on September 4 to reduced charges.
The latest defendants among the 34 arrested to plead guilty are Edwin Ting (41) and Justin "BoostedJ" Smith (25), who the New York Daily News reports will acknowledge guilt on illegal internet gambling business charges in an enterprise that was allegedly associated with a Russian organised crime enterprise.
The extensive federal indictment detailing the illegal activity covers both poker and sports betting, with funds from Russia laundered through the United States and Cyprus.
A section of the indictment unsealed in April claims:
"The organization ran a high-stakes illegal gambling business that catered primarily to multi-millionaire and billionaire clients. The organization utilized several online gambling websites that operated illegally in the U.S. Debts owed to the Nahmad-Trincher Organization sometimes reached hundreds of thousands of dollars and even millions. One client surrendered his plumbing company to the organization as payment of the debt."
Allegedly, more than $100 million was laundered.
View the Department of Justice press release here: http://www.fbi.gov/newyork/press-releases/2013/manhattan-u.s.-attorney-charges-34-members-and-associates-of-two-russian-american-organized-crime-enterprises-with-operating-international-sportsbooks-that-laundered-more-than-100-million