A few news updates

Free CheeseCake !
If you're in Las Vegas on Sept. 5th, bring 2 cans of soup to the CheeseCake Factory at the Caesars Forum Shops in Vegas and you'll get a free slice of Stefanie's Ultimate Red Velvet Cheesecake. Soup will be donated to Feeding America, the USA's largest domestic hunger-relief charity.

PokerStars making poker/game show
PokerStars and Fox announced the PokerStars Million Dollar Challenge. To qualify for casting, play in daily freeroll tournaments and finish in the top ten . The rules then reqire you to submit a short video, explaining why PokerStars should choose you to be part of the show. Once on set, players will compete in a series of heads-up poker matches against celebrity poker players and members of Team PokerStars.

Inching closer to legalizing/regulating poker in the USA
Senator Robert Menendez (D-NJ) introduced S 8309, legislation called the 'Internet Poker and Games of Skill Regulation, Consumer Protection and Enforcement Act' to establish a licensing and regulatory framework for the United States to protect consumers by exercising appropriate control and oversight over online poker and other games of skill such as bridge, mahjong, backgammon, and chess

The big difference between the Internet Gambling bill HR 2267 introduced by Barney Frank and the Internet Poker and Games of Skill bill S8309 introduced by Menendez is Menendez's bill would regulate only Online Poker and other games of skill, whereas Frank's bill would regulate additional forms of online gambling, including online casinos and sports betting.

Menendez's bill proposes that the Secretary of the Treasury oversee the licensing process of skill game operators and prescribe regulations. License applicants must submit a comprehensive financial background, an outline of the company' s structure and that of its affiliates, criminal and credit histories of executives.

Licenses must also explain how their games will be fair, and how they plan to combat underage gambling and compulsive gambling. Under the bill, licenses would be in effect for five years, and can be renewed under the same terms.


WPT sells assets to Party Poker
WPT Enterprises announced they will sell their assets to PartyGaming PLC for $12.3 million and will pay WPTE an ongoing 5% participation in gaming and other revenues generated by the assets, which includes substantially all of WPTE's operating assets other than cash, investments and certain excluded assets.