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Poker Shuffler Maker Hit With $315M Verdict In Antitrust Case

On August 7, 2018, the jury returned a verdict for the plaintiffs. The jury awarded plaintiffs $105 million in compensatory damages, which is subject to trebling, as well as attorneys fees and costs. The Company believes the jury reached the wrong result and will seek review of both the finding of liability and the damages award, both before the trial court and, if necessary, on appeal.” SHFL Entertainment (formerly known as Shuffle Master), which became part of Scientific Games in 2014, controls “100%” of the “relevant U.S market” for the devices, the suit said. As of just a handful of years ago, the market for the devices and related services was about $100 million per year, according to the suit. Scientific’s “Deck Mate” automatic shuffler is the device used at the World Series of Poker. Shuffle Tech, founded in 2006, said that it could make a better shuffler and for cheaper, which drove Scientific to illegal practices, the suit said. SHFL sold shufflers for an average price of about $16,000 in 2012, in addition to leasing them for an average cost of $450 per month. Shuffle Tech said that it and its partners were planning to sell their devices for about $11,000. “Recognizing the threat of Shuffle Tech’s improved technology and lower prices, SHFL immediately, on Oct.

For the original version including any supplementary images or video, visit https://www.cardplayer.com/poker-news/23126-poker-shuffler-maker-hit-with-315m-verdict-for-illegally-dominating-market

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New Jersey's Online Poker Operators Holding About $14M In Player Money In Segregated Bank Accounts

According to financial reports made public this week by the New Jersey Division of Gaming Enforcement, the state’s three online poker operators collectively have about $14.5 million worth of patron deposits in separate accounts. In the Borgata’s 19-page quarterly financial report, the casino said that it held about $5.1 million in online gambling player money as of June 30. “We maintain separate New Jersey bank accounts to primarily ensure the security of funds held in patrons’ internet gaming accounts,” the MGM Resorts-owned casino said in its report. Caesars Interactive Entertainment, owner of the famed WSOP brand, said it held about $5.4 million worth of player money in the Garden State. Resorts Digital, PokerStars’ internet gaming partner, said it had about $4 million in online casino deposits.

For the original version including any supplementary images or video, visit https://www.cardplayer.com/poker-news/23158-new-jersey-s-online-poker-operators-holding-about-14m-in-player-money-in-segregated-accounts

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