Main Headlines
Spanish Money Laundering Regulations Demand “Authentic” Identity Documents Before Winnings Are Paid Out
Players must prove their identity if they win €2,500 or more.
- A new Royal Decree published at the end of April spells out the responsibility regulated gambling operators have for complying with money laundering laws.
- Before winnings in excess of €2,500 can be paid out, operators must confirm the player’s identity by checking copies of identity documents.
- The amount need not relate to a single win, but can be the result of a series of wins, such as those during poker cash games.
- Operators now face a specific requirement to appoint a dedicated AML officer and must create an AML manual and establish an annual training program.
Mexico Tackles Corrupt Casinos in Advance of Producing New Gambling Legislation
New laws could be presented to parliament before the end of the year.
- A crackdown on existing casinos in Mexico is an early stage in a roadmap to produce new gambling laws in Mexico according to a government report.
- The report signed by the President of the Chamber of Deputies, Zárate Fernando Salgado, sets out a sequence of actions at the end of which will be a constitutional reform act which will replace gambling laws dating from 1947.
Pennsylvania Report Expects Regulated iGaming to be Positive for Land Based Casinos
$68m in extra tax revenues in year one plus a boost to casino revenues from new customers of up to $92m are predicted from regulated online gaming.
- Positive support for the introduction of regulated online gaming in Pennsylvania has come in a report published by the Legislative Budget and Finance Committee.
- The estimates prepared by consulting firm Econsult indicate “the total potential market for casino games is $178 million, and for poker it is $129 million.”
- In an illustrative estimate of the effect on land-based gaming revenues, the report suggests a range from minus $15m to plus $92m. “The balance of the evidence suggests that the impact would be on the positive side.”
Picks from F5 Poker:
WSOP’s Seth Palansky Addresses Bannings and “Incidents At Casinos”
Check yo self before you wreck yo self. Carter Gill to David Diaz, Chan Pelton to Sam Panzica every year it seems someone finds themselves facing the consequences of actions they probably wish they hadn’t taken.
Ultimate Poker Triumphs Over “The Lost Decade”
An oral history of Ultimate Poker Year One. It was just over one year ago that Ultimate Poker became the first regulated online poker site, not just in Nevada, but in the United States. Here, Ultimate Gaming founder Tom Breitling talks about the trials and tribulations of bring online poker back to the US and declaring victory through regulation.
Exclusive Articles on pokerfuse PRO:
The Deal
Promotional highlights of the week, including PokerStars, partypoker, Full Tilt, Ultimate Poker Nevada, Everest Poker, Betfred and WPN. Full Tilt “Take It Down” Promotion Aims to Fill Empty Cash Game Seats
Ray.FI Cash Game Traffic Climbs Despite Tournament Debacle
The cancellation of a €100k guaranteed event last weekend has failed to dent cash game traffic. Ray.FI, Finland’s only government regulated online poker room, has seen a 36% traffic increase in the last week.
Regulation in Review: US
A review of the latest developments in gaming regulation in the US. This week: Pennsylvania, New York, New Jersey and Minnesota. Pennsylvania Gaming Study Released
Poker Podcasts and Training Vids:
Podcast: 05/07/2014 Poker Action Line Poker Action Line
BIG Dave and Joe discuss the latest move by several online sites to ban or restrict skilled and aggressive players in order to encourage more recreational play. The guys also take a close look at summer events going up against the WSOP and close out the show with an interview with Matt Glantz at the Seminole Hard Rock Showdown.
Podcast: Druff & Friends – 05/07/2014 – Kid Tested, Poker Approved Poker Fraud Alert
On a PokerFraudAlert exclusive, Druff breaks down the ongoing suspicion of staking site “PokerApproved”. Female poker player Anna Khait comes on the show to discuss her experience with PokerApproved. Ben Affleck was caught card counting at the Hard Rock, and listener JSTAT calls in to help analyze it. A US Appeals court affirms 2+2’s nearly $60k judgment against Dutch Boyd. Upcoming movie “Alligator Blood” being developed, to tell story of former payment processor (and thief) Daneil Tzvetkoff. A Montana website wrote a misleading puff piece about AP cheater Brent Beckley, and portrays him as the victim. Editorial: Is “bonus whoring” unethical? Main content of the show starts at the 15:58 mark.
Podcast: PokerNews GPI Update Episode #17: Schemion Making Another POY Push PokerNews Podcast
Rich and Eric are back to talk all things Global Poker Index, including Ole Schemion’s push for a consecutive GPI Player of the Year title, and his chances to break the record for most GPI points of all time.
They also break down the movers and shakers, and Eric teases some of the changes coming for the Fantasy Poker Manger game during the 2014 World Series of Poker.
Podcast: Ben Erwin at Thunder Valley Ante Up! Pokercast
This week we stray from our regular programing to bring you an interview with Thunder Valley Casino Resort’s director of poker operations Ben Erwin as he discusses the upcoming Ante Up World Championship, which his property will host in August.
Training Video: $15 45-Man Review: From a Babbling Bubble to a Hazing Heads-Up Part One Drag The Bar
In part one of this two part $15 45-man series, Katie reviews the early stages play through the end of a long bubble. Key concepts discussed include: set-mining, calling ranges versus regs, how payout structure affects ranges, tightening as a mid-stck on the bubble, bubble pwnage, and adjustments based on the short stack on the bubble.
Training Video: Search and Destroy 2: Analyzing Trouble Hands – Playing Medium Pairs Deuces Cracked
In part 3 of 4, Josh and Christopher discuss several hands that Christopher has had trouble with. All hands deal with playing medium one pair hands postflop.
Training Video: zZzTILT: Hypers Hand History Reviews Part VI HUSNG
Here is the last piece to zZzTILT’s latest series of hand history reviews. In this video, Matt reviews the last eleven of the $15 to $60 hypers hands that were sent in to him by various players.
zZzTILT has produced a lot of videos here, including his great most recent premium video pack, Crushing Regs: The Way to Beat Tough Opponents. That video pack is more than six hours of instructional material focused on teaching the skills to beat all levels of heads up hypers regs.
