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Titan Poker hosting $1 million tournament

Posted under Uncategorized by admin on Wednesday 23 September 2009 at 7:59 pm

Online poker players have a chance to win their share of one million dollars every month in the new casino tournament series being staged by TitanPoker, the leading poker room in Europe.

The inaugural $1,000,000 Guaranteed Prize Tournament will be staged on September 13, 2009 at 18:00 GMT, with a buy-in of $500 + $35. Players can also win their seat in qualifier online casinos satellites, with buy-ins as low as $1 + $0.10.

Titan Poker stages a highly popular $250,000 Guaranteed Prize Tournament every Sunday night, however on September 13, the focus will turn instead to the $1,000,000 Guaranteed. Many players have already guaranteed their seats at the hugely anticipated million-dollar event.

In June, Titan Poker staged a $1,500,000 Guaranteed Prize tournament as the Main Event of its European Championship of Online Poker IV (ECOOP IV) series.

Titan Poker stages innovative and exciting promotions and tournaments, and awards seats to the major poker tournaments around the world, including the World Series of Poker, the Asian Poker Tour, the Aussie Millions, the ECPokerTour, and the Irish Open. Titan Poker invites online poker players, both amateurs and poker enthusiasts, to enjoy the benefits of the improved Club Titan, their newly revamped online VIP Poker Club.


Cannery Casino Resorts shakes up management

Posted under Uncategorized by admin on Wednesday 23 September 2009 at 7:58 pm

Cannery Casino Resorts is structuring its executive ranks so the online gambling company’s founders can work on more long-term casino games strategic planning.

The locals casino gambling company has named Tom Lettero to the newly created position of president. He will also retain his duties as chief financial officer.

Xavier Walsh was hired from Australia-based casino company Crown Ltd. as chief operating officer, a position Lettero is surrendering.

The new structure will allow founders William Wortman and Bill Paulos, who serve as unofficial co-CEOs, to back away from day-to-day operational control.

“This structure allows them to travel and not worry about how the company runs,” Cannery spokesman Tom Willer said. “They’re involved in the strategic decision-making of the properties and the company overall. They’re involved in the strategic direction of the company and the growth and development of Cannery Casino Resorts.”

The 53-year-old Lettero joined Cannery Casino Resorts in 2005 as CFO, and added the duties of chief operating officer in January 2008.

“Tom Lettero has been a key player throughout his tenure with (the company) and has played a crucial role in the growth and expansion of the company,” Wortman said in a statement. “We look forward to his continued success at Cannery Casino Resorts.”

Lettero helped structure financing for the construction of the Eastside Cannery, which opened on Boulder Highway on Aug. 28, 2008. The company also built a permanent Meadows racino outside Pittsburgh that opened in April.

Lettero joined Cannery after stints as CFO at Aladdin Gaming and Stratosphere Corp. The University of Nevada, Las Vegas graduate has held senior management positions at Caesars Palace, Sands, Main Street Station, MGM Grand, Mirage Resorts and properties in Mississippi and Colorado.

The 44-year-old Walsh will oversee operations of all the Cannery properties, which also include the Cannery in North Las Vegas and the Rampart Casino at the JW Marriott at Summerlin.

“Xavier Walsh has the experience and expertise that will make him an excellent fit for the Cannery Casino Resorts family,” Paulos said in a statement. “We are very pleased he has joined our team and look forward to his growth and success within our company.”

Walsh’s prior employer, Crown Ltd., suspended its attempt to purchase the Cannery for $1.75 billion in March. While Crown still has a two-year option to close the sale, the company controlled by billionaire James Packer paid $320 million for a 24.5 percent stake in Cannery pending regulatory approval.

Cannery, like its competitors, is burdened by heavy debt and declining casino revenues. Cannery had approximately $860 million in debt in late May, a May 29 report by Moody’s Investors Service shows.

Willer said the company is financially strong and is making plans beyond the current economy.

“We’re not a financially troubled company so we want to be positioned for the future,” Willer said.


Connecticut casinos pay $25 million to settle lawsuit

Posted under Uncategorized by admin on Wednesday 23 September 2009 at 7:55 pm

As reported by The Hartford Courant: “The state’s two online casinos Wednesday offered a little good online casinos news for Connecticut, which is facing a two-year, $8.5 billion budget deficit.

“The two tribes that operate Foxwoods Resort Casino and Mohegan Sun have agreed to pay $25 million in slot revenue to settle a disagreement about a promotional casino game that allowed patrons to play slot machines for free.

“The settlements resolve a state lawsuit against the Mashantucket Pequot Tribe that had sought slot revenue that was collected through the promotional program known as “Free Play,” in which Foxwoods provided certain patrons coupons or electronic credits permitting them to play slot machines free for up to the value of the credits.

“The Mohegan Tribe had a similar promotional program called ‘eBonus.’

“Legislative approval is still needed because the size of the settlement is more than $2.5 million. Lawmakers are expected to vote on the settlement when they are in session today, and Gov. M. Jodi Rell has backed the agreement…”


Users, internet companies and civil liberties alike critical on draft law

Posted under Uncategorized by admin on Monday 7 September 2009 at 5:46 pm

The respected top political reporter for CNet News, Declan McCullagh, wrote a fascinating update this week on a little casino bonuses known law currently being drafted in the United States which could hand the White House the power to disconnect private-sector computers from the internet gambling.

Such a contentious threat to the freedom of the Internet was bound to attract the attention of users, Internet companies and civil liberties groups, who were alarmed this spring when news of the controversial draft surfaced in Washington DC.

McCullagh reports that aides to Senator Jay Rockefeller, a West Virginia Democrat, have spent months drafting behind closed doors. CNet News obtained a copy of the 55-page draft of S.773, which despite revision still appears to permit the US president to seize temporary control of private-sector networks in the event of a “cybersecurity emergency.”

“The new version would allow the president to “declare a cybersecurity emergency” relating to “non-governmental” computer networks and do what’s necessary to respond to the threat,” writes McCullagh. “Other sections of the proposal include a federal certification program for “cybersecurity professionals,” and a requirement that certain computer systems and networks in the private sector be managed by people who have been awarded that license.”

Larry Clinton, president of the Internet Security Alliance, told McCullagh: “I think the redraft, while improved, remains troubling due to its vagueness. It is unclear what authority Sen. Rockefeller thinks is necessary over the private sector. Unless this is clarified, we cannot properly analyze, let alone support the bill.” The Alliance counts representatives of Verizon, Verisign, Nortel, and Carnegie Mellon University on its board.

Representatives of other large Internet and telecommunications companies expressed concerns about the bill in a teleconference with Rockefeller’s aides this week, McCullagh reported.

A spokesman for Senator Rockefeller approached by McCullagh declined to comment on the record, saying that many people were unavailable because of the summer recess.

However, a Senate source familiar with the bill compared the president’s power to take control of portions of the Internet to what President Bush did when grounding all aircraft on September 11, 2001. The source said that one primary concern was the electrical grid, and what would happen if it were attacked from a broadband connection.

McCullagh recalls that when Rockefeller, the chairman of the Senate Commerce committee, and Olympia Snowe, a Republican from Maine introduced the original bill in April this year, they claimed it was vital to protect national cybersecurity. “We must protect our critical infrastructure at all costs – from our water to our electricity, to banking, traffic lights and electronic health records,” Rockefeller said.

In May, President Obama acknowledged that the government is “not as prepared” as it should be to respond to cyber-disruptions and announced that a new cybersecurity coordinator position would be created inside the White House staff.

“Three months later, that post remains empty, one top cybersecurity aide has quit, and some wags have begun to wonder why a government that receives failing marks on cybersecurity should be trusted to instruct the private sector what to do,” McCullagh trenchantly observes.

In his analysis of the proposed legislation, McCullagh writes that Rockefeller’s legislation seeks to reshuffle the way the federal government addresses the topic. It requires a “cybersecurity workforce plan” from every federal agency, a “dashboard” pilot project, measurements of hiring effectiveness, and the implementation of a “comprehensive national cybersecurity strategy” in six months – even though its mandatory legal review will take a year to complete.

Lee Tien, a senior staff attorney with the Electronic Frontier Foundation in San Francisco, told McCullagh that the privacy implications of sweeping changes implemented before the legal review is finished worry him.
“As soon as you’re saying that the federal government is going to be exercising this kind of power over private networks, it’s going to be a really big issue,” he predicted.

Probably the most controversial language begins in Section 201, which permits the president to “direct the national response to the cyber threat” if necessary for “the national defense and security.”

The White House is supposed to engage in “periodic mapping” of private networks deemed to be critical, and those companies “shall share” requested information with the federal government. (”Cyber” is defined as anything having to do with the Internet, telecommunications, computers, or computer networks.)

“The language has changed but it doesn’t contain any real additional limits,” EFF’s Tien says. “It simply switches the more direct and obvious language they had originally to the more ambiguous (version)…The designation of what is a critical infrastructure system or network as far as I can tell has no specific process. There’s no provision for any administrative process or review. That’s where the problems seem to start.

“And then you have the amorphous powers that go along with it.”

McCullagh adds: “Translation: If your company is deemed “critical,” a new set of regulations kick in involving who you can hire, what information you must disclose, and when the government would exercise control over your computers or network.”

The Internet Security Alliance’s Clinton adds that his group is “supportive of increased federal involvement to enhance cyber security, but we believe that the wrong approach, as embodied in this bill as introduced, will be counterproductive both from an national economic and national secuity perspective.”

McCullagh subsequently managed to squeeze a comment from Jena Longo, deputy communications director for the Senate Commerce committee, who said in a statement:

“The president of the United States has always had the constitutional authority, and duty, to protect the American people and direct the national response to any emergency that threatens the security and safety of the United States.

“The Rockefeller-Snowe Cybersecurity bill makes it clear that the president’s authority includes securing our national cyber infrastructure from attack. The section of the bill that addresses this issue, applies specifically to the national response to a severe attack or natural disaster.

“This particular legislative language is based on longstanding statutory authorities for wartime use of communications networks.

“To be very clear, the Rockefeller-Snowe bill will not empower a “government shutdown or takeover of the Internet” and any suggestion otherwise is misleading and false. The purpose of this language is to clarify how the president directs the public-private response to a crisis, secure our economy and safeguard our financial networks, protect the American people, their privacy and civil liberties, and coordinate the government’s response.”


More detail on the $333 million winning numbers

Posted under Uncategorized by admin on Monday 7 September 2009 at 5:45 pm

Yesterday’s report on two online casino tickets winning the biggest Mega Millions jackpot in two-and-a-half-years of $333 million casino bonus has been followed by a little more detail from the Lottery Post.

The winning numbers were: 1, 17, 31, 37 and 54 with the Mega Ball 31. The Texas Megaplier was 4.

34 lucky casino players matched the first 5 numbers for a $250 000 prize: 6 from California, 3 from Georgia, 1 from Illinois, 1 from Maryland, 1 from Massachusetts, 2 from Michigan, 6 from New Jersey, 7 from New York, 2 from Ohio, 4 from Texas, and 1 from Washington.

The six California second-prize tickets will receive $220 778 each, because California’s pari-mutuel payout system splits the available prize money by the number of winners. The fewer winners, the greater the prize.

210 players matched four of five numbers plus the Mega Ball to net a prize of $10 000. 22 of those third-prize winners were from California and will take home $16 421 each.

The jackpot for the next Mega Millions drawing, next Tuesday night, resets to $12 million.