James Moore: PartyGaming needs a winning hand
Outlook Short-stacked in poker terminology is when a player is close to busting out, with only a small pile of chips to play with. In such a position you're reduced to hoping that the cards will deliver something playable so that you can push all those chips in.
Much of the online poker industry – the parts with listings on the London Stock Exchange and directors who don't like the idea of being clapped in irons should they travel Stateside – has been in this sort of position ever since the US government banned online gaming in 2006.
But the company will provide the technology and infrastructure for the United Auburn Indian Community, operator of the Thunder Valley Casino Resort, to offer online poker if and when state laws allow.
The ban was always the height of hypocrisy, being pushed through by ultra-conservative law makers who bandy words like "freedom" and "liberty" around while acting to limit them. It has also (unsurprisingly) proved rather difficult to enforce. Hence the hope that states like California, which is grappling with a multi-billion-dollar deficit, may take the lead in legitimising, regulating and taxing online gaming.
Bwin.party includes what was left of PartyGaming after its post-ban legal settlement with the US authorities. With Party having floated for the thick end of £4.5bn, it has some serious gambling debts to pay off.
It really could do with this hand being a winner.
Liam Neeson's Downton dreams
Thriller is set in the secret world of British espionage
Bomber jacket worn by Mary Berry sells out within an hour
- 1 Scottish independence results live - The reunited kingdom: Scotland gives a clear 'No' in historic referendum
- 2 iOS 8 is full of shiny new features - but it's terrible news for app developers
- 3 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
- 4 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Scottish independence results live - The reunited kingdom: Scotland gives a clear 'No' in historic referendum
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish independence: YouGov final prediction puts No campaign 8 points ahead - but Yes team remains optimistic
Scottish independence: Tory revolt against 'devo max' grows as Rail Minister Claire Perry joins
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
Portuguese academic says British are 'filthy, violent and drunk'
iJobs Money & Business
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...
To £85,000 + banking benefits: Saxton Leigh: You will be expected to carry out...
Up to £90,000 + benefits: Saxton Leigh: Credit Risk Audit Manager required to ...