News in brief
News in brief
Full Tilt reopens, Federal bill unlikely, Bodog in Vietnam
Full Tilt Poker has reopened for real money play some 16 months after it closed its doors in the wake of Black Friday. The site, which is now owned by PokerStars owners the Rational Group, bought the assests of the site in a $731 million deal with the US Department of Justice earlier this year that included full restoration of all player balances outside the US. Full Tilt Poker was the second most popular online poker site in the world prior to its closure and the industry will be watching closely to see if it can retain its position in coming weeks.
Gary Loveman, the CEO of Caesars Entertainment, told investors a federal online poker bill was ‘probably less likely, than likely.’ Speaking in a conference call following the firm’s latest results, he added that Caesars may need to shift its focus to the state level for future legislation. Caesars is one of the firms set to launch online poker in Nevada after obtaining a licence for operating online poker in the newly regulated state.
Bodog 88 has launched an online sports betting and casino site in Vietnam, with online poker due to launch by the end of the year. Bodog88’s Managing Director, Robert Gustafsson, said Vietnam has been overlooked by many online gaming companies. ‘This is surprising for a number of reasons, not least a population of over 90,000,000, but, equally crucially, they are sports mad and love to bet in the same way the Chinese gamers love casino, with European soccer betting being at the top of the list,’ he said.