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Accused Online Gambling Payment Processor Franzen Pleads Not Guilty 4/18/2011 (Bloomberg) Bradley Franzen, one of 11 people charged last week with being part of an online gambling conspiracy, pleaded not guilty before a U.S. magistrate in New York. Franzen, 41, of Illinois and Costa Rica, is accused of lying to banks about the nature of the transactions they were processing, and of creating fake companies and websites to disguise payments to poker companies.  Read More
Listed poker sites gain winning hand 4/18/2011 (Financial Times) Europe’s leading listed gambling companies reaped the benefit of Friday’s crackdown by US prosecutors on online poker, claiming that trust in those operators had been damaged beyond repair. Shares in bwin.party climbed nearly a third, closing at 170p, a rise of 39p, while 888 Holdings rose 20 per cent, Playtech by more than 7 per cent and Sportingbet by nearly 5 per cent. Read More
Poker Crackdown: Time to Fold ‘Em? 4/18/2011 (WSJ) In a move that’s roiling the online poker community, federal prosecutors have filed fraud charges against the founders of online poker websites Full Tilt Poker, PokerStars and Absolute Poker, among others. Read More
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