It is being reported by a prominent poker forum that PokerStars, the worlds largest online poker room, has been forced to payout over $2 million to players that were scammed by a chinese gang that colluded at the poker tables. The chinese gang was playing the sit-n-go poker tournaments where winners can double up their buy-in. Members of the gang were sitting at these tables, sharing information and dumping chips to assure that they would double-up their buy-in.

Apparently, the scam was uncovered by a member of the Chinese gang when he began complaining that his account was suspended and PokerStars was refusing to allow him to withdraw his balance of roughly $10,000. After learning of this scam, PokerStars initially paid out over $580,000 to players that were affected but ended up paying out over $2 million in lost winnings to players that were scammed. PokerStars is working on a solution to this problem in order to protect players against scammers that are using illegal tactics to win tournaments.

© admin for Casino News Authority, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: china, chinese gang, collusion, gang, online poker, poker, poker room, pokerstars, scam

Feed enhanced by Better Feed from Ozh

China just implemented their own version of the UIGEA on Sunday. Their is now anti-gambling legislation in China that prohibit all forms of gambling or online gambling. The only exclusion would be the national lottery that is controlled by the Chinese government. This new legislation even restricts the marketing or advertising of online gambling within China and it makes it a criminal offense to advertise any online gambling activities to anyone from within the country.

The government proclaims that this new legislation will protect the country’s children but many have speculated that this is just another law to censor and control the Chinese population. The new law states that online games targeting minors must not violates social morals and the law. With such a broad term, the law could be open to speculation among Chinese legal experts.

The online gambling industry was estimated to be worth $3.8 billion in 2009, but the Chinese government has done everything in its power to wipe out the gambling industry. This will eventually lead to citizens playing at underground sites and the government losing much needed tax dollars. The population of China has just reached 420 million and it is a country that every online casino wants to gain access to, but can’t seem to penetrate.

© admin for Casino News Authority, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: casino gambling, china, chinese, gambling, gambling law, gambling legislation, gambling regulation, internet gambling, online gambling

Feed enhanced by Better Feed from Ozh