Caesars Entertainment Corp. is paying the state a $100,000 fine to settle underage gambling charges, but may face a stiffer penalty if it happens again.

Wheel of Fortune machine maker IGT betting on online poker. (Image from IGT’s website)

Casinos were hard hit during the financial downturn, putting pressure on their gaming machine and equipment suppliers. A flurry of deals suggests game suppliers are looking to reduce their exposure to brick and mortar casinos by tapping into online gambling.

Shuffle Master sells and leases poker card shuffling machines. As Howard Stutz noted, the company posted healthy revenues last quarter. But Shuffle Master’s future growth may come from dealing virtual cards. In March, the company agreed to acquire the European online poker software company Ongame Network.

This month, Shuffle Master and gaming equipment maker Bally Technologies inked a deal to have Ongame’s poker network operate on Bally’s iGaming platform. On June 21, Bally was granted final approval for one of Nevada’s new interactive gambling licenses.

In May, gaming equipment supplier International Game Technologies (IGT) (think Wheel of Fortune) tendered an offer to pick up Sweden’s online poker network provider Entraction. One month later, IGT was another recipient of a Nevada online gaming license.

WMS, the manufacturer of Wizard of Oz and Reel’Em In, recently acquired Swedish online casino company Jadestone and the social online casino game provider Phantom EFX. WMS has secured preliminary approval from the Nevada State Gaming Control Board for an interactive gambling license.

CEO Gavin Isaacs, spearheading Shufflemaster’s foray into online poker.

Less than 48 hours after Shuffle Master Gaming said the company’s profits surged 23 percent in the second quarter, executives from the gaming equipment provider flew to New York City and held an “analyst day” for the investment community.

Call it a victory lap for Gavin Isaacs, who in April completed his first year as Shuffle Master’s chief executive officer.

That afternoon, Isaacs and his company’s executive team rang the closing bell at the Nasdaq National Market, celebrating Shuffle Master’s 20th anniversary on the stock exchange.

He tweeted out to his followers, “every day we’re shuffling.”

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Money money money. It makes the world go round. Without it there would be no trees or air, all pigs would immediately expire, and tomatoes would turn blue. I think that’s right. Anyway, if you’re a fan of money, keep your eyes glued to this webpage because there’s a lot it floating about.

Worldwide Gambling Bonanza

Every click, stick, twist, and spin from last year has been totalled up and the results are in. The planet Earth generated $419 billion in gambling revenue, according to Global Betting and Gaming Consultants. Poker, in particular the online variety, makes up a very small component of that figure, but I don’t think it would be going out on a limb to suggest that the U.S. getting their regulatory act together might nudge it further up the list. [OnlinePoker.net]

UK Investors in for Full Tilt

After riding into the breach on a white stallion, Groupe Bernard Tapie appear to have stopped for a picnic. In case they decide to stay where they are and play Frisbee for a while, a UK private equity firm is poised to purchase Full Tilt’s old poker software. Please note, that means only the software and nothing else. They have no interest in reopening Full Tilt and are very unlikely to cover the site’s debts. That said, you would hope that the $35 million estimated price for the client would filter back into the pockets of jilted Full Tilt customers. I’m sure we can totally trust them, right? [Gaming Awards]

WSOPE 2012 Unveils Itself

I am still seething from when Caesars’ cruelly ripped the World Series of Poker Europe from my beloved London and gave it to the French, of all people. As difficult as it is to believe, the Gauls apparently did a good job last year. At any rate, the event is heading back to Cannes from September 21 to October 4 at the Casino Barrière de Cannes Croisette and the Hôtel Majestic Barrière. There will be seven bracelet events in total, including the €10,450 Main Event. [ESPN]

Haxton vs. Isildur

I think these SuperStar Showdown things are really good fun. For the most part, internet sensation Viktor “Isildur1” Blom has outmatched the gamut of famous grinders laid before him, but this weekend’s re-match features one of his few failures. Isaac Haxton, him of the stylish glasses and funny voice, will be sitting down to play four tables of $50/$100 NLHE this Sunday. [Card Player]

Shuffle Master Buys OnGame

Failed Transformer ShuffleMaster has decided to dip his toe into the world of online gambling by purchasing the vacant OnGame network. What? Oh, apparently Shuffle Master make card shuffling machines. Anyway, since forming their unholy union last year, bwin.party have been trying hard to offload their spare network. They’ve finally managed to shift it in a deal worth €19.5 million, plus an extra €10 million if online gambling is legalized in the U.S. within 5 years. [Poker News]

Keeping it Illegal in Asia

China is well on its way to becoming the world’s largest economy and even if gambling isn’t an explicit part of their financial system, it has built itself a huge underground following. Global Betting and Gaming Consultants estimate that illegal gambling in the country is worth $15bn to $18bn. [Intergame Online]

Meanwhile in Indonesia, gambling online means risking a lot more than your bankroll. Under the infamously harsh Sharia law, those caught wagering can be whipped up to 100 times. As if that wasn’t bad enough, Mafia bosses, accustomed to taking a big cut of all illicit gambling in the country, are putting pressure on online sites to shut down their operations. [Gaming Zion]

Phew, that was a big one. I’m going to lie down until next week.

Shuffle Master, Inc. today announced its results for the second quarter ended April 30, 2011.

“We attribute this success to our R&D efforts, continued investments in game content, and improved execution.”

“During the quarter we achieved record quarterly revenue of nearly $60 million, filled some key strategic roles such as a new CEO and General Counsel, witnessed yet another quarter of phenomenal EGM performance, and we continued to grow recurring revenue,” stated Gavin Isaacs, Chief Executive Officer of Shuffle Master. “In my first two months as CEO, I have been impressed with the commitment of our employees to build upon our industry leadership, the depth and breadth of our strong intellectual property portfolio, and the many rich opportunities that I believe lie ahead for Shuffle Master.” More…

Man, 2009 sure has been a year full of lawsuits, no? People seem to need money these, and I suppose they gotta find it somewhere … and that may or may not alter their perception of who really owes what to whom. Beyond the frivolous, sometimes the big guy screwed the little guy, other times the little-guy with big-money poker dreams (but little experience in poker) defrauded backers and/or customers, and other times plans just didn’t work, and the parties can’t seem to agree on what they agreed on.

In this situation, Guardian Gaming is suing Montel Williams and the International Team Poker League in federal court over a $300k apparently investment gone awry.

The plan called for a team tournament concept attached to live casino events and a (new) online poker site. I dunno … sounds to me a little like the Poker Bowl meets WorldPokerParty.com, maybe with a dash of Sports Legends Challenge?

Without looking too deeply into the Montel case, we can tell you:

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Don’t ask me why, but I am … some dude (at the Hard Rock, quasi-coincidentally) was talking just the other day about the new ShuffleTech machines — the in-table ShuffleMaster knock-off. I don’t know the details, but apparently ShuffleMaster has quite the grip on the automatic poker-table shuffler market. You’ve probably noticed these popping up (literally) on more and more tables these days, and they are all made by the same company. However, you’re kinda shit-outta-luck if you want one for your home/underground game … you can find the tables with the ShuffleMasters pre-installed, however you are screwed because they have to do the maintenance (or something like that).

Anyhow, that’s the half-story I know about this company that seems to be on the forefront of deeply vested in gambling technology. (One of their other products I just saw at Caesar’s last week was a cardless table-blackjack game featuring a video image of a dealer.)

But now ShuffleTech is in the picture, too — not dealing to casinos, but to home users. While I want to say, “Awesome!” … I gotta say, looking at their shufflers makes me think of the first laptops, when they were the size of suitcases. But still, as archaic as their version (which somehow steers clear of patent protections) seems, I can’t see how these won’t become more and more standard in the future … and once we get some robots that can actually pitch the cards … watch out dealers:

(But for now, could you imagine being deep in the tank when the next deck is being set rumble rumble?)

Sorry for the lack of personal postage last week and presumably this one … I have gotten caught up in the housing crisis and am moving again over the next couple days … even though I don’t know where yet. Seriously, housing crisis is very real here — our friends at The Poker Atlas were forced to relocate due to the house they were renting going into foreclosure; Rounder Club West got evicted from their digs a couple weeks ago because their landlord decided to desperately sell. When this sorta thing happens to three homes in an isolated niche, it can’t just be coincidental.

Anyhow, so yes, content … sorry for the lack thereof and sorry for the blog-cliche post about being sorry. There’s still plenty going on out there that the poker-minded populace shouldmaybe care about, regardless of my personal battle against homelessness.

As we know, the US is currently trying to figure out how to enforce the UIGEA — the AMERICAN BANKS say they can’t really do it — so now, instead of rewriting our own bad laws, we are pressuring the UK to change theirs.

And here’s an article about EL PASO’S rich gambling history – underground or not — over the past 100+ years, starting with a mayor in 1895 known as “Poker Bob” Campbell.

A NEW BLOG (to me) I am now following semi-regularly: David Matthews’ Gambling in Space.

Through him, I learned about FRANK GAGLIARDI, a California Lottery winner who also likes to gamble and recently won his very relevant (to me and you) court case vs. the IRS:

If this case stands, then it could effectively rewrite tax law and make it easier for gamblers to report losses and more difficult for the IRS to go after gamblers.

BALLY TECHNOLOGY also won a pretty big case in court — against SHUFFLE MASTER, which up to this point has maintained an expensive stranglehold on the automatic shufflers you see in poker tables.

And CALIFORNIA JEN may have loved the poker mockumentary THE GRAND, but not everybody did.

Crap, that’s hardly everything, but I have to run …