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7th June 2017 | SHARE THIS
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The Story | |||
Absolute Poker co-founder Scott Tom has struck a deal with US prosecutors which will lead to the resolution of the outstanding criminal charges filed against him in 2011. |
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Let’s hear about the details of the deal. |
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Last May 31, Tom agreed to plead guilty to a single misdemeanor count of being an accessory after the fact to the transmission of wagering information. He will be sentenced on September 28, 2017 and will face a two-year maximum jail time for violating Title 18, US Code Section 1084. |
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What was Tom’s trade-off in order to get the deal? |
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As part of pleading guilty to the single misdemeanor count, Tom waived his right to a jury trial and consented to proceed to trial, judgment and sentencing. He also acceded to forfeit “any and all property” derived from the commission of his illegal activity. |
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It has been six years since Tom was indicted. |
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He only returned to the US last February to face the multiple felony charges of illegal gambling and conspiracy to commit money laundering filed against him in connection with the 2011 Black Friday indictments of three online poker sites: Absolute Poker, Full Tilt Poker and PokerStars. Absolute Poker and Full Tilt Poker collapsed after US officials seized their accounts and after it was revealed that the two companies do not have enough money to pay their patrons. |
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What happened to the other individuals indicted on Black Friday? |
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Save for PokerStars founder Isai Scheinberg, the ten other individuals who were indicted on Black Friday have already resolved their legal differences with the DOJ. |
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Takeaway |
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Tom finally decides to face the music and is rewarded with good news. |
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SBC Penalty Shootout highlights | |||
SBC Events gathered all its sponsors with former English footballer David James at Stamford Bridge for an exciting penalty shootout. |
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WrB Africa presents a vital channel into the African gaming market | |||
The World Regulatory Briefing (WrB) Africa has brought the continent’s leading operators and industry pioneers together in a two-day conference at Villa Rosa Kempinski Nairobi in Kenya to discuss opportunities and challenges facing the African gaming market. |
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Travellers International bleeds $95.41M after Resorts World Manila attack | |||
The stocks of Philippine-listed casino operator Travellers International Hotel Group Inc. continue to take a hit days after the deadly Resorts World Manila incident which killed 38 people. |
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MGM’s Maryland casino revenue tops $50m for second month | |||
MGM’s National Harbor casino has reported revenue of $50.5 million in May, the second time the property went over the $50 million mark. |
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In 2003, a 25-year-old woman playing at the Excalibur Hotel and Casino in Las Vegas was paid $39,713,982.25. It is the biggest land-based progressive slot machine jackpot ever. |
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Back up your product and service with a clear story and brand vision when starting an online business. |
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Canadian Gaming Summit 2017 brings gaming execs to Vancouver |
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The Canadian Gaming Summit 2017, Canada’s premier annual conference and exhibition for gaming professionals, will be held at the Vancouver Convention Centre from June 19 to 21. |
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Horse racing fans, head to New York for the 149th Running of the Belmont Stakes from June 8 to 10. Classic Empire is the odds makers’ favorite to win after Kentucky Derby winner Always Dreaming chose to skip the race. |
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Want to be a guest contributor? Email bill@calvinayre.com |
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