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.
- 1 Malaysia Airlines MH17 crash: Pro-Russian rebel 'admits to shooting down plane'
- 2 Israel has discovered that it's no longer so easy to get away with murder in the age of social media
- 3 Israel-Gaza conflict: The myth of Hamas’s human shields
- 4 Amy Winehouse unpublished 2004 interview: ‘Ten years from now I’ll be 30, so I’ll maybe have one baby’
- 5 Dutch paedophile club to fight their ban at the European Court of Human Rights
Lana Del Rey: 'I have slept with a lot of guys in the industry'
Peaches Geldof cause of death: 'Heroin addict' socialite had taken fatal dose of drug, inquest concludes
Peaches Geldof inquest: Tragic final moments of socialite's life reveal she lied to husband about failed heroin tests
Israel-Gaza conflict: The myth of Hamas’s human shields
Malaysia Airlines MH17 crash: Was a Russian-made missile really parked in this quiet square?
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
iJobs Money & Business
£350 - £400 per day: Orgtel: PMO Analyst - Banking - London - £350 -£400 per d...
£300 - £350 per day + competitive: Orgtel: Cost Reporting Manager - MI Packs -...
£35000 - £40000 Per Annum plus 23 days holiday and pension scheme: Clearwater ...
£475 - £525 per day: Orgtel: Test Lead, London, Investment Banking, Technical ...