It's pretty rare that venture capitalists will bet on a company that shows a hint of impropriety. Yet happens occasionally, for companies that don't push the envelope too far.
In March, for instance, soft-porn site Zivity got $7 million from two prominent firms. The latest is PurePlay, a poker and proto-gambling site that today announces $15 million in funding from Bay Partners and prominent investors including Ron Conway and Owen Van Natta.Full article here.
Remember when the US government was engaged in a very public battle with the rampant boom of online poker channels established both inside and outside the country? Of course, suits in Washington only looked scathingly on such activity because it had not found an effective way to tax virtual casinos. And the high-rolling hotels in Vegas and places elsewhere in the States were none too thrilled with the rather sudden establishment of a parallel industry almost entirely independent of themselves and which they could not easily influence.Full article here.
San Antonio Express-News
Before the arrival of Jason Kellerman, the online poker world didn't exactly have a multitude of options.
Players could download the software and play the free games on the .net Web sites, or take a stab in the .com real money raked games against fellow human competitors.
Each can possess their shortcomings.Full article here.
San Francisco Chronicle
Since the Unlawful Internet Gaming Enforcement Act of 2006, "online poker" has become a bit of a misnomer. Sure, gamblers can play it, but in most cases, the play is unrealistic, as most sites pit players against one another for fake money that can be replenished at any time.
PurePlay, a site from the San Francisco company with the same name, changes everything. The site, at www.pureplay.com, enables poker players to play competitively and win real prizes without requiring them to risk hard-earned cash. So far, more than 2 million players have signed up, making it the largest play-for-cash site in the United States.Full article here.