Full Tilt Poker stuck by its guns stating that its Irish bank account’s cash is unfrozen, in spite of the U.S Department of Justice (DoJ) denying that the funds have been released.

Ensuing conjecture on various websites since Internet casinos reported FTP was in a position to access a sum which came to more than one third of the cash it owed players, a company source notified this publication the account in question is not the one that has been named in the original indictment, but a separate corporate account kept with the Bank of Ireland.

The source explained that Full Tilt approached the U.S Attorney’s Office for New York’s Southern District reassuring the bank it was safe to unfreeze the account. “The bank was not the one which was subjected to the Department of Justice’s freezing order, however the DoJ contacted the Bank of Ireland to get the funds …

Phil Ivey esteemed member of Full Tilt Poker has filed an “an electronic lawsuit” against the poker giant, Ivey claims he has not been paid by FTP and is the first professional player to break the silence subsequent the Black Friday indictments.

Early this morning Ivy made a statement on his official website and Facebook outlining the reasons for taking legal action against FTP, he said “It’s unacceptable that FTP has not refunded its players and I’m disappointed that people who have supported me during my career have been treated so badly.”

The 35-year-old poker veteran is also one of the game’s top earners with earnings of close to US$14m (£8.6m), Ivy also said that he would boycott this year’s World Series of Poker (WSOP) event, which already started in Las Vegas yesterday.

Since Black Friday Ivey is the first high-profile member of Team Full Tilt to take a stand …

Betfair recently reported that Matt Carter one of its top executives in charge of technical architecture resigned from the internet casino after a stint of 10 years. To add on to this another five members of Carter’s team resigned too, they are Asher Glynne, Jonathan Westlake, Enzo Raso and Tony Ballardie.

Internet casinos reported previously that the following members of the internet casino resigned a few months ago: Mathias Entenmann, Betfair’s chief product and services officer; Charlie Palmer, head of mobile; Robin Osmond, chief executive of financial betting exchange LMAX; and Lee Cowles, director of UK sports and gaming. To compound matters further Betfair’s share price also dropped significantly from last autumn’s GBP13.00, to 775.5p per share on 27th May, 2011.

Betfair’s reported the following in its IPO prospectus, “Our success has been on the up ever since, thanks in part to our aptitude to develop and introduce new client …

One Irish account belonging to Full Tilt Poker (FTP) and its co-founder Raymond Bitar, still owes U.S poker players US$100m to $150m has been unfrozen by the United States Department of Justice.

Regretably U.S players would not paid right away and that no date has been confirmed as yet for when this might take place.

The Bank of Ireland account that has been freed-up is one of nine FTP accounts frozen. In total 76 bank accounts have been exposed since the 15th of April Indictments which belongs to one of the three indicted poker sites – constitutes more than a third of the estimated $100m to $150m that still needs to be paid to American players by Full Tilt Poker, according to information obtained by Internet casinos.

Bitar’s representatives in Ireland have been trying to raise $150m from potential investors to repay U.S players. In lieu for money these investors …

BetED sportsbook is officially the first U.S-facing gambling business that has been compelled by U.S prosecutors to close its doors.

An industry source in Costa Rica notified the U.S authorities to seize its bank accounts causing the site to be incapable to transact business or to pay its players.

BetED is one of the sportsbooks that have been implicated after an extensive federal sting operation “trying to expose internet casinos that use third-party payment processors in the United States”, based on an affidavit submitted that supports the Baltimore Grand Jury indictments for money laundering and unlawful gambling against two cybergaming casinos and three persons unsealed on Tuesday. Eleven bank accounts and 10 internet domain names which belong to these internet casinos were seized as well.

According to Homeland Security Investigations special agent testimony, Lisa M Ward states that, BetED purportedly used a payment processor set up by the U.S Department …

The following domains Doylesroom.com and Bookmaker.com were among 10 dot.com domains that were seized by the U.S Immigration and Customs Enforcement – Homeland Security. Investigations, subsequent an undercover operation exposed poker sites that worked with third-party payment processors.

The District of Maryland’s U.S Attorney’s office also obtained seizure warrants for two domestic bank accounts that have been registered in Guam and North Carolina, including nine additional accounts registered in Malta, Panama, Portugal and the Netherlands.

Apart from these seizures, three people were also indicted on counts of suspected money laundering and the running of an unlawful gambling business they are: Darren Wright and David Parchomchuk of BetEd owner ThrillX Systems, and Ann Marie Puig of Bookmaker.com owner BMX Entertainment.

The Guam and North Carolina bank accounts registered to Linwood Payment Solutions, described in a sworn affidavit as “an undercover payment processor business that has been  set up to identify internet gambling …

In comparison to other months and the amount of new internet casino game releases one cannot help but wonder why the month of May has seen very few game releases from software companies. Hopefully this is not the beginning of the storm that looms on the horizon, if so we’ll find out soon enough.

Normally Microgaming leads the pack when it comes to the amount of new game releases every month. New games are introduced to the market either at the end of the first week or at the start of the second.

To add to the excitement new game releases for the following month are always announced before the old month is over. No announcements have been made in April and no releases in May. Microgaming has a well-founded reason for this since it has been running qualifiers for its mammoth tournament, Grand Slam of Slots II, it has …

The annual East Gaming Conference in the state of New Jersey was announced in Atlantic City recently.

This event would be held at the Atlantic City Convention Centre. Spectrum Gaming Group is responsible for organizing the East Coast Gaming Congress.

Top of the list to be discussed at this conference is the legalization and regulation of internet gambling in the United States. In spite of U.S federal authorities clamping down hard on poker rooms, many Americans still feel that it should be legalized soon.

The US gaming is currently divided in two camps Those in favour of the legalization of it at federal level and those in favour of it at state level. However, experts believe that both the federal and the states governments will be implicated. The press release simply states, “It doesn’t matter which model is implemented, legalization of internet gambling still brings an array of legal, regulatory and …

Affiliate programs that work with online casinos are quite common nowadays. Members of affiliate programs earn commission on players referred to internet casinos they operate. Similarly there are also affiliate programs for payment solutions providers. If an affiliate manages to get a player to sign up with a payment solution, commissions will be earned on deposits made by a player.

One of the premier affiliate programs within the internet gambling industry is Guru Revenue. It has been certified by one of the best affiliate watchdog programs around. Guru Revenue operates its own internet gaming portal called Guru Play; it offers players an internet casino, a live dealer casino and an internet poker room. Moneybookers eWallet is a leading processing payments solution provider, it has been renamed Skrill, however it still uses the Moneybookers name.

In a joint press release, Guru Revenue and Moneybookers announced a partnership that offers affiliates a …

One of the premier e-Wallets solutions to online casinos is Quick Tender. Its head office is based in Europe and it offers payment solutions to internet casinos from across the globe including the United States of America.

Lately Quick Tender received numerous complaints from operators and players based in the US that their payments are taking longer than it’s supposed to. Quick Tender found this rather odd, since the funds had been paid in time from their European bank accounts.

Quick Tender immediately launched an investigation into this matter and explained the root of the problem by means of a public statement. The statement kicks off saying that Quick Tender has for many years provided dependable and well-organized service to thousands of internet casinos. In addition it also said that excellent service could become void the moment the “U.S administration’s intervenes”. U.S federal enforcement agencies are clamping down on payment …