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Yahoo! Enters Real Money Online Poker IndustrySat, Apr 28th, 2007 @ 12:00am Yahoo! has launched Yahoo Poker, a real money online poker room by partnering with St. Minver Ltd., the Gibraltar-based white-label online gaming group and running on the International Poker Network (IPN), owned and operated by software provider Boss Media AB of Sweden. Players resident in the USA are not currently accepted, but most other countries can register and play for real money. Yahoo has initially targeted the European poker market. This is the first time an Internet Service Provider (ISP) has opened a real money online poker room. AOL, another significant U.S. ISP, operates only a 'play money' site at this time. And computer industry giant Microsoft includes a play money poker game in its latest operating system, Windows Vista. As an ISP, Yahoo! has access to huge numbers of potential players. And it has a distinct marketing advantage by having one the most recognizable brand names on the Internet, as well as a considerable marketing reach. So it could quickly become a dominant online poker site. Because of this, the online poker industry is watching closely to see how much impact Yahoo! will have. Both Party Poker and Poker Stars have previously stated that the real competition starts once these multi-billion dollar corporate "giants" enter the arena. Today, Yahoo! is cutting its teeth on the European poker market. Also noteworthy is that Yahoo! made its announcement the same day that US Rep. Barney Frank (D-MA) introduced the Internet Gambling Regulation and Enforcement Act of 2007 to license, regulate and tax online poker and online gambling in the USA. The bill sets out to counter how the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 made it illegal for financial institutions to process transactions between US residents and online gambling sites. So stay tuned- we may continue to see more new horses circling around before the starting gates, getting ready to vie for the lucrative USA online poker market when it reopens. Read Related Article:
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UIGEA Delayed 6 Months in Temporary Victory for Online Poker Days before the December 1 deadline for implementing the UIGEA, the U.S. government announced a six-month postponement of the poorly defined anti-gambling regulations. The U.S. Department of the Treasury and the Federal Reserve Board jointly released a statement moving the deadline for UIGEA compliance to June 1, 2010.
Fabrice Soulier Joins Everest Poker's Pro Roster To further strengthen its support for French poker in anticipation of the opening of that market, Everest Poker has signed renowned French poker pro Fabrice Soulier as its latest ambassador.
HHPT Co-Sponsors Bayou Poker Challenge Ladies Event Dec. 20 The HighHeelsPokerTour (HHPT), the first all women's poker tour launched on the East coast, will wrap up their 2009 schedule at Harrah's New Orleans on December 20th where they will co-sponsor the Ladies Event #14 no-limit Hold'em at 12 pm.
OPPAGA Reports on Florida's Online Poker Options Given that UIGEA permits individual states to regulate online poker, the Florida Legislature's Office of Program Policy Analysis and Government Accountability (OPPAGA) published a report this week presenting three options available to Florida State lawmakers in order to protect consumers from unlawful internet poker: regulate it, prohibit it, or carry on with the status quo pending federal legislation.
BC Poker Champion Arrested, Charged with Manslaughter Just two days after taking down the BC Poker Championships Main Event, Sophon Sek of Cloverdale, BC, was arrested in connection with one of the most storied crimes in the Province's history.
Local Businessman Bags European Poker Tour Vilamoura Bling The European Poker Tour rolled into the Casino Vilamoura last week, instantly generating the richest poker prize pool in the nation of Portugal's history.
Keikoan Captures Harvey's Lake Tahoe WSOPC Championship This week marked the finale of the biggest annual tournament series in Northern Nevada, the WSOP Circuit championship at Harvey's Lake Tahoe. While the Main Event saw only a modest turnout, it did boast of a tough final table, and a WSOP bracelet owner as the eventual champion.
WSOP Main Event Champ Joe Cada to Appear on Letterman The poker world will receive some late night attention tonight as "The Kid" Joe Cada, the youngest champion in the four decade history of the World Series of Poker Main Event, takes a seat next to embattled talk show host David Letterman.
First Korean Champ of Asia Pacific Poker Tour Crowned in Cebu Another stop on the Asia Pacific Poker Tour is in the books, this time it's the APPT Cebu in the Philippines, and for the very first time a Korean player has come out on top.
Pollack Done as Commish of World Series of Poker Just three days after crowning Joe Cada as the 2009 Main Event champion, officially closing the special 40th anniversary run of the World Series of Poker, Jeffrey Pollack has resigned his post as Commissioner of the WSOP. |
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