A PokerStars insider has revealed that the opening event of the 2016 Turbo Championship of Online Poker is likely to accrue a $500,000 overlay, and four players look forward to achieving incredible Grand Slam success.

Fancy some free money?

A PokerStars insider has revealed that the opening event of the 2016 Turbo Championship of Online Poker (TCOOP) could be facing a $500,000 overlay.

The world’s largest online poker room is promising $15 million in prizes over a series of 50 TCOOP events. The first event, TCOOP-01 $27 No-Limit Hold’em (NLHE) 6-Max Turbo, starts the ball rolling with a $1.5m guarantee. It seems people aren’t as interested as the forecasters predicted.

A seven-year-old boy from India who told police about his father’s illegal gambling activity has been getting some serious mixed messages.

According to a recent report by the Hindustan Times, seven-year-old Amir Shoalb had grown weary of his father’s fondness for gambling and drinking alcohol. Apparently Amir’s complaints weren’t getting the desired response from dear old dad, so the boy decided to take his grievances up the chain of command.

On Jan. 3, Amir wandered over to the local police station in the central state of Madhya Pradesh and asked to see the officer in charge. Local cop Kishore Patanwala told the Times how the boy informed him of the father’s daily gambling and drinking sessions and of Amir’s inability to convince his father to stop having fun. Amir “wanted his father to be arrested to he told me about the spot where [his father] was playing at the time.”

Suitably intrigued, Patanwala sent a squad down to investigate, where he discovered the boy’s father Khan and several others behaving as the boy described, so the officers arrested the lot for illegal gambling.

Frontier Capital Group’s new Philippine casino will rely on proxy betting to lure its share of Asian high rollers.

This month will see the Australia-listed Frontier Capital Group complete its $26m acquisition of the Hotel Stotsenberg and Casablanca Casino in the Clark Freeport Zone in the Philippines. The company expects that the acquisition, which was announced in November, will double the company’s profit by 2018.

Frontier Capital had already announced its intention to boost its new casino’s gaming options by raising the number of slot machines from 190 to 250 and adding 11 gaming tables to the existing 36.

On Tuesday, Australian financial consultancy Alpha Securities revealed that Frontier Capital’s expansion strategy includes “targeting VIP patronage,” in part through the ‘introduction of proxy betting,” in which a VIP phones into the casino to place bets via a trusted partner, who relays real-time card information to the gambler at home.

Frontier Capital Group’s new Philippine casino will rely on proxy betting to lure its share of Asian high rollers.

This month will see the Australia-listed Frontier Capital Group complete its $26m acquisition of the Hotel Stotsenberg and Casablanca Casino in the Clark Freeport Zone in the Philippines. The company expects that the acquisition, which was announced in November, will double the company’s profit by 2018.

Frontier Capital had already announced its intention to boost its new casino’s gaming options by raising the number of slot machines from 190 to 250 and adding 11 gaming tables to the existing 36.

On Tuesday, Australian financial consultancy Alpha Securities revealed that Frontier Capital’s expansion strategy includes “targeting VIP patronage,” in part through the ‘introduction of proxy betting,” in which a VIP phones into the casino to place bets via a trusted partner, who relays real-time card information to the gambler at home.

Phil Ivey is joining the Daily Fantasy Sports business after unveiling plans to launch PhilIveyDFS on the iTEAM Network in February 2016.

Phil Ivey loves his sports.

References to NBA, NFL, PGA and a whole host of three-letter acronyms covering everything from ice hockey to dwarf dart throwing coat his impressive Twitter feed.

Phil Ivey also loves to gamble.

Phil Ivey is joining the Daily Fantasy Sports business after unveiling plans to launch PhilIveyDFS on the iTEAM Network in February 2016.

Phil Ivey loves his sports.

References to NBA, NFL, PGA and a whole host of three-letter acronyms covering everything from ice hockey to dwarf dart throwing coat his impressive Twitter feed.

Phil Ivey also loves to gamble.

Daily fantasy sports operator FanDuel is laying off staff as the legal and financial challenges facing the industry show no sign of letting up.

On Wednesday, Forbes’ Maury Brown quoted sources at FanDuel saying a senior exec had announced the layoffs to staff at the company’s New York offices. The scale of the cutbacks has not been publicly confirmed. The news follows rival DraftKings’ recent decision to look for a way out of the pricey New York office lease it signed last June.

The layoffs come just one day after Texas state Attorney General Ken Paxton became the latest to declare DFS to be illegal gambling. While DraftKings immediately stated its intention to continue serving the Texas market, FanDuel’s statement hedged on whether it planned to exit Texas, which reportedly accounts for up to 8% of all DFS entry fees.

At least one DFS operator’s concern over their increasingly insecure legal situation is borne out in federal lobbying disclosure forms. While FanDuel’s $20k federal lobbying budget was unchanged from Q3 to Q4, DraftKings’ expenditure rose from $10k in Q3 to $80k in Q4.

Daily fantasy sports operator FanDuel is laying off staff as the legal and financial challenges facing the industry show no sign of letting up.

On Wednesday, Forbes’ Maury Brown quoted sources at FanDuel saying a senior exec had announced the layoffs to staff at the company’s New York offices. The scale of the cutbacks has not been publicly confirmed. The news follows rival DraftKings’ recent decision to look for a way out of the pricey New York office lease it signed last June.

The layoffs come just one day after Texas state Attorney General Ken Paxton became the latest to declare DFS to be illegal gambling. While DraftKings immediately stated its intention to continue serving the Texas market, FanDuel’s statement hedged on whether it planned to exit Texas, which reportedly accounts for up to 8% of all DFS entry fees.

At least one DFS operator’s concern over their increasingly insecure legal situation is borne out in federal lobbying disclosure forms. While FanDuel’s $20k federal lobbying budget was unchanged from Q3 to Q4, DraftKings’ expenditure rose from $10k in Q3 to $80k in Q4.

Vietnamese authorities have deported seven South Korean nationals caught running an online gambling ring.

On Wednesday, South Korea’s Yonhap news agency reported that South Korean police were heralding the speedy extradition of the seven-member gang, who were caught running an illegal online sports betting ring in Hanoi.

Acting on a tip, South Korea’s National Police Agency alerted their Vietnamese counterparts to the existence of the ring, which is believed to have handled wagers totaling KRW 10b (US $8.2m). Vietnamese police pounced, arresting all seven members and seizing computers, cell phones and betting records.

The two countries recently agreed to cooperate more fully on such investigations and this bust represents the first test of the new partnership. An NPA official couldn’t have been happier, noting that an extradition process that used to take over a month was accomplished in just two days.