Las Vegas-based table casino game vendor Galaxy Gaming, which is traded on the over-the-counter bulletin board, hoped to raise $400,000 through a private placement.

The online gambling company told Wall Street this week it raised $600,000.

“As evidenced by the over-subscription of our recent offering, our investors seemed to be pleased with the progress our internet gambling company is making,” Galaxy Gaming Chief Executive Officer Robert Saucier said in a statement. “While our third quarter was yet another record breaker, our team’s focus remains to continually build Galaxy Gaming into a major innovator in the gaming industry.”

In the quarter that ended Sept. 30, Galaxy Gaming reported revenues of $782,493, a 47 percent increase compared with $533,375 in the same quarter a year ago.

The company’s gross profit was $691,335, a 35 percent increase, and cash flow was $15,327, Galaxy’s first positive cash flow figure since going public earlier this year.

Galaxy Gaming provides casinos with side wagers for blackjack and pai gow poker and two proprietary nontraditional table games.

The World Series of Poker Main Event final table is down to its final two, and it does not include Phil Ivey. Instead 21-year-old Joe Cada and the logger from Maryland, Darvin Moon, survived the nearly 17-hour day and will face off late Monday night for online pokers most coveted title.

Saturday’s marathon final table began at 1 p.m. with Ivey as the favorite, and ended at 5:55 a.m. Sunday morning with fan favorite nowhere in sight.

Ivey, widely regarded as the world’s best online poker player, couldn’t find anyone to gamble with at the Rio Saturday night/Sunday morning and eventually bowed out in seventh place. He won $1,404,002 for his efforts, but failed to capture the big online gambling prize — a Main Event championship.
Ivey attempted to play several hands throughout the night. But because no one at the table seemed willing to double him up, Ivey mostly collected antes and blinds. Eventually, he saw his chip gradually dwindle as the antes and blinds increased.

With his back up against the wall, Ivey was dealt A-K and pushed all in. Moon called and turned A-Q. A queen hit on the flop, and Ivey received no help from the turn and the river and exited the tournament.

Ivey refused to talk with the media after his exit. But about 30 minutes after he busted out, he was on Full Tilt Poker playing $2,000-$4,000 Stud Hi Lo on two tables.

While it’s no surprise that Moon, the runaway chip leader entering final table action, has reached the final table, Cada’s presence comes as a bit of the shock.

If the 21-year-old from Michigan wins the Main Event, he’ll become the tournament’s youngest champion, overtaking last year’s champ, Peter Eastgate, who was 23. And he traveled an improbable path to get there.

Early in Saturday’s final table action, Cada lost the bulk of his chips and had only 2 million remaining. Then he began a string of incredible double ups, putting his chips at risk several times, mostly as the underdog. Somehow, Cada climbed into the final grouping of three players, and then authored the worst bad beat of the tournament.

With 39 million chips, Cada pushed all in with pocket deuces. The chip leader, Antoine Saout (80 million), called with pocket queens. Cada hit a deuce on the flop to win the hand and grab the chip lead. Cada finished the job a few hands later when Saout went all in with pocket eights. Cada called with ace-king and a hit an ace on the river to knock Saout out of the tournament.

A crestfallen Saout was left telling the press “that’s poker” when asked whether he realized he was one card away from like become the first French Main Event champion.

When heads-play begins back at the Rio Monday night at 10 p.m. Vegas time, Cada will have 135.9 million in chips while Moon will come in with 58.8 million.

A boisterous full house at the Penn & Teller Theatre in the Rio watched Cada and Moon outlast the rest of the final table to reach heads up play. And following the lead of the 2008 Dennis Phillips contingent, fans for the 2009 Main Event were prepared to cheer.

Cada boasted the loudest, and possibly the largest cheering section, with his backers wearing yellow t-shirts with a block “M,” representing both his Michigan roots and his own support for the University of Michigan.

Surprisingly, Saout clocked in with the second-loudest cheering section. Wearing blue shirts with Saout and the Everest poker logo. Saout’s fans regularly jousted with Cada contingent early on, trying to drown out Cada’s cheering section with chants of “Saouuuuuut.”

Cada’s fans responded with chants of “USA, USA, USA.” And the Saout fans, not to be outdone, began singing the French national anthem.

Steve Begleiter fans also sported blue shirts, with “Begs” printed on them. And Schaffel supporters had t-shirts with “Schaffel Up and Deal” on them.

Ivey didn’t have any fans wearing special t-shirts cheering him on — though Ja Rule was here rooting for him. But that hardly mattered because it seemed everyone in the Penn & Theatre was a Phil Ivey fan. Ivey received a thunderous ovation when he was introduced to the crowd, as the whole crowd, regardless of who they were cheering for, saluted Ivey.

Doyle Brunson, who joined 2008 Main Event champion Peter Eastgate on stage to kick off play telling dealers to “shuffle up and deal,” saluted the crowd before play began.

“Can you imagine poker coming to this?” Brunson asked the crowd. “This looks like a football game.”

Action at the final table started slowly, with players not seeing a flop until the sixth hand when Schaffel managed to get Saout to give up 750,000 chips with 1.5 million post-flop bet. Ivey, who began the day with 9.765 million in chips, didn’t get involved in many pots early. But when he played, he made an impact.

After Ivey checked a Kh-4d-3d flop, Cada bet 1 million. Ivey gave Cada an extended death stare before folding. A few hands later, Ivey moved all in pre-flop. Cada spent two full minutes thinking about before folding. Jeff Shulman, the original raiser folded as well.

Saout, who began the day in eighth-place with 9.5 million chips was the next player to go all in, two hands later, and didn’t get a caller — making it two all-ins the first hour of play with no bust outs.

“In hindsight, the slow play early in the day wasn’t surprising,” said 2004 Main Event champ Greg Raymer. “How would you like to be a player that flew in a 100 family members and friends and lasted 10 minutes? That’s why Phil Ivey was the only person who was all in early. If he got eliminated, he’d just say ‘that’s poker.’ But that survival thought process had to be in the mind of some the players on close calls.”

Raymer, who was taking in the action near Casino City’s perch in press row, wasn’t shy about picking a winner with most of the day still remaining either.

“If you asked me if I had to pick one player to win this tournament, it would be (Eric) Buchman,” Raymer said. “He has the chip stack and he’s experienced. When it gets down to three-handed and four-handed play, you just don’t know how Moon, or some of the others will play. Moon might excel. But you know Ivey, Shulman and Buchman will play well.”

Two hours and 24 minutes after play began for the day, James Akenhead pushed all in pre-flop for the second-straight hand and Begleiter called the 4,015,000 bet. Buchman raised it 12 million and Begleiter folded. Akenhead turned over K-Q and Buchman showed A-K. The flop missed both players, leaving Buchman in the lead. A king came on the turn, making Buchman a mortal lock to win the hand. But a miracle queen gave Akenhead two-pair and an unlikely triple up.

“My mind just froze when the queen came out,” Akenhead said. “I didn’t know what was happening,” added the British poker star, who waded into the arms of his supporters to celebrate the big pot.
On the very next hand, Moon showed the first chink in his armor. Moon, the big stack entering final-table action with 58.93 million, played very few hands in the early going Saturday. But when he did enter the fray, he bet big, and no one wanted to tangle with him. Moon, sporting his usual New Orleans Saints hat and no advertising logos, picked up about 3 million chips in the first hours of play.

But right after Akenhead tripled up, Moon pushed Saout all in with the board reading K-J-2. Saout called instantly and turned over J-2 for two pair. Moon showed A-4, needing Akenhead-like luck to win the hand. A 3 came on the turn, giving Moon a straight-draw as the crowd in the theatre groaned. Moon was not their choice to win. A deuce came on the river, giving Saout a full house and some of Moon’s chips. It also left Moon looking a bit flustered, something that wasn’t seen this summer during Moon’s impressive Main Event run.

The hot action continued a few hands later when a short-stacked Schaffel pushed all in with pocket aces. Akenhead called with pocket kings, but Schaffel’s aces held up to give the scratch golfer from Florida a new lease on life in the tournament.

Minutes later, Schaffel and Akenhead tangled again, and this time it cost Akenhead his seat in the tournament.

Akenhead pushed all in with pocket threes and Schaffel called with pocket nines. The nines held up and Akenhead became the first player out of the Main Event final table.

“I feel like I played my best,” said Akenhead, who began the day as the shortest stack at the table and won $1,263,602 for his efforts.

Schaffel’s wild WSOP continued minutes later when he peeked down at his cards and discovered pocket aces again. Schaffel pushed all in again, and an astonished Buchman stared at Schaffel open-mouthed as he tried to decide what to do. Buchman called and revealed pocket kings, and the race was on.

The flop came out K-J-Q and the crowd let a roar. Schaffel’s aces had been cracked. A king on the turn sealed Schaffel’s fate. Buchman had knocked him out with quad kings.

“I’ll talk about anything but poker,” said Schaffel with a smile on his face as he addressed the media after his elimination. He was kidding. He was in pain. But he was gracious — and grateful.

“What can you do,” said Schaffel, who won $1,300,228. “I got my money in with aces twice.”

“There’s no good way to lose,” the Floridian explained. “The flop was bad enough. But then I thought I still had outs. I win that hand 4 out 5 times.”

“This summer has been great,” added Schaffel, who vowed to play in the Main Event again. And when Casino City asked what he learned about himself, he didn’t hesitate in answering.

“I learned how to handle things this summer. Once the chips are in, you have no control over what happens. But just like life, you have to learn how to handle whatever happens.”

While Steal’s loss to Buchman’s quad kings might qualify as the most heartbreaking hand of the night, the title for most intriguing hand of the night goes to a battle between Moon and Begleiter that took place about 15 minutes after Schaffel’s elimination.

After some serious betting pre-flop, the two players looked at a 3-4-2 flop. Begleiter pushed 5 million chips into the center of the table. Moon raised to 15 million and Begleiter went all in for 6 million more. Moon, thought about it for a minute, and folded. The big pot vaulted Begleiter into second place, and left Moon looking up at Buchman and Begleiter for the first time at the final table.

The players broke for dinner — and Mike Sexton’s induction into the Poker Hall of Fame — shortly after Moon’s curious play, and when they returned, play slowed way down.

Gone was the frenetic pre-dinner pace, and in its place was a plodding methodical tempo that left fans restless for action as players looked for places to pick up chips.

Saout, who had been successfully doubling up and winning pots all night, took the chip lead in this stage when he beat Begleiter in a made-for-TV hand.

Holding 8c-7c, Begleiter hit top pair on the flop and pushed all in. Saout, with the Ah-Kh in his hand and two hearts on the board, called. Saout hit his flush on the turn and doubled up to assume the chip lead with around 48 million chips.

Begleiter’s stumble against Saout was the beginning of the end of the former Bear Stearns executive. Minute’s after Ivey’s exit from the tournament, Begleiter called Moon’s all-in bet with pocket queens. Moon turned over ace-queen, and spiked an ace on the river to eliminate Begleiter.

“I’m a little numb,” Begleiter said after his elimination. “I came here to win.”

“I’m very happy with how I played,” Begleiter added. “I’d rather lose this way than by making some horrible play.”

Begleiter, who won $1,587,133 for finishing in sixth place, also said that he didn’t pay any attention to the people criticizing him based on the televised hands they saw.

“Of the two-thousand hands I played, I’m sure I played some of them wrong,” Begleiter said with a smile. And when asked of his future as a poker player, Begleiter had quick response.

“You have to ask my wife,” he said with a chuckle.

With five players remaining, the action slowed down to a snail’s pace. At one point, players went 18 hands without seeing a flop. And it took almost three hours for the next player to bust out.

Shulman, who had been nursing a short stack for much of the night, picked up a pocket sevens and decided to make a stand and pushed all in. Saout called with A-9 and the flop came up 10-9-6, giving Shulman a pair of nines. The nines held up, and Shulman went home in fifth place.

“I played pretty well,” said a good-humored Shulman after his elimination. “I wouldn’t change any of the plays I made. I have no regrets.”

When asked about the strategy that coach Phil Hellmuth promised would blow people away, Shulman was quick with a quip. “That strategy wasn’t going to blow anyone away,” Shulman said with a laugh.

He also had some fun with a reporter who asked how his father Barry had reacted to Shulman’s fifth-place finish. “He told me how disappointed he was in me,” Shulman said jokingly. And when the reporter asked if that’s what Barry had really said, Shulman rolled his eyes and said, “of course not.”

Shulman, who has been an open critic of Harrah’s management of the World Series of Poker, said he would return to play in the Main Event again. And then he asked how much money he had won. That would be $1,953,395.

For about an hour after Shulman’s elimination, Buchman, Saout, Moon and Cada traded chips. And then Buchman and Saout started to tango, and things got interesting.

First, with the board reading 2-10-3, Buchman raised Saout 10 million in post-flop betting to make 25 million to go. Saout thought about it, and thought about it, and thought about it some more before folding and ceding the chip lead to Buchman. At this point, Buchman had around 53 million while Saout had just under 39 million.

Nearly 30 minutes later, Buchman pushed all in pre flop, and Saout called. Buchman, with the bigger stack, turning over Ah-Qc. Saout turned Ad-Kc and it was on. Saout picked up a king on the flop and a king on the turn to win the hand and cripple Buchman. After the hand was over, Saout had about 89 million and Buchman had 9.8 million. Moon was sitting in second with about 54 million, while Cada was in third with about 42 million.

At 5 a.m. Sunday morning, 20 minutes after Moon crippled Buchman and 16 hours after play began Saturday afternoon, Buchman took one last shot at getting back in the tournament. With about 22 million in chips to his name, Buchman pushed all in pre flop with A-5. Moon took the challenge and called with K-J. The flop missed both players, but Moon hit a king on the turn to eliminate Buchman.

“I’m disappointed but happy,” said Buchman after his elimination. “I thought I played well. I’d like the ace-queen hand back (against Saout), but that’s about it (that I’d like back).”

In the first hand after Buchman’s elimination, Cada went all in with pocket deuces and was instantly called by Saout, who had pocket queens. Cada caught a deuce on the flop to win the hand takeover the chip lead with 78 million chips. Moon who sat out the hand was second with 75 million and Saout had 41 million after suffering the bad beat.

The best gambling way to look at Saturday’s action at the World Series of Poker Main Event final table is that Darvin Moon finished with 58.8 million chips, essentially the same amount that he started with. And Joe Cada took everyone else’s chips and now has 135.9 million chips.

Saturday’s action – which spilled into Sunday morning and didn’t end until 5:55 Vegas time — had an odd ebb and flow. It took six hands to see a flop, and almost 30 hands to see a river card. For almost two and a half hours there was very little serious online casinos action. But after 2 hours and 20 minutes of play the floodgates burst open when James Akenhead moved all in and was called by Eric Buchman. Akenhead survived, but that hand was the start of chips flying everywhere.
2004 Main Event champ Greg Raymer identified the likely reason behind this in a quick chat with Casino City while play casino bonuses was going on.

“In hindsight, the slow play early in the day wasn’t surprising,” Raymer said. “How would you like to be a player that flew in a 100 family members and friends and lasted 10 minutes? That’s why Phil Ivey was the only person who was all in early. If he got eliminated, he’d just say ‘that’s poker.’ But that survival thought process had to be in the mind of some the players on close calls.”

The two players who had the most intriguing days — and by intriguing I mean they’ll be questioning their strategy when they look back on the tournament — are Joe Cada and Darvin Moon.

Cada began the day fifth in chips with 13.215 million. But by Saturday’s dinner break, he was sitting at 10.7 million, and he was only that high thanks to a late rally. Unlike the tight, aggressive posture adopted by most of the players at the table, Cada was a little bit looser, and played in a lot of hands. Unfortunately for Cada, he made some questionable decisions and lost most of those hands, forcing him to spend most of his time and energy clawing his way back into contention.

Cada’s worst move of the day came when he called Jeff Shulman’s all-in bet. Shulman had barely played a hand all day, and pretty clearly had an extremely strong starting hand, but Cada made the call and Shulman turned over A-K. Cada had A-J, lost the race, and ended up with around 2 million in chips. But Cada fought back, pushing all in several times, mostly as the underdog. Somehow, Cada survived, and eventually drew within striking distance of the leaders before delivering an awful bad beat to Antoine Saout when he hit trip deuces on the flop to crack the Frenchman’s pocket queens.

Dropping down to 2 million might have been the best thing to happen to Cada Saturday. He adopted an all-in or fold strategy, and he rebuilt his stack to around 40 million within a couple of hours.

Meanwhile Moon showed some jitters — and possibly inexperience at big-stack poker — in two critical hands. The first big mistake came after Moon and Antoine Saout were engaged in a hand that saw a K-J-2 flop. Moon pushed Saout all in with a sizable bet and the Frenchman called quickly. Saout had a J-2 for two pair and Moon had an A-4 for, well, nothing. Saout won the pot, and Moon lost a nice stack of chips. The other curious play from Moon came against Steve Begleiter. In a hand that ESPN will no-doubt spend plenty of time dissecting, Begleiter pushed out a 5-million-chip bet after 3-4-2 flop. Moon raised to 15 million and Begleiter went all in for another 6 million. After thinking about it for a minute, Moon decided not to call Begleiter’s raise of 6 million and mucked his hand. It will be interesting to see what kind of cards Moon had, because the value to call Begleiter’s hand was there.

Moon managed to recover from the Begleiter hand, but then he gave the chips away again in another strange hand. In this hand, Moon pushed all in with K-9, and was called by Cada, who had pocket aces. The aces held up, and Cada who had been battling back from a short stack was back in the game.

When Eric Buchman was eliminated, he noted that Moon was gambling much more than he had during the summer, and he thought that accounted for some of the mistakes Moon was making.
Phil Ivey was remarkably patient Saturday. He carefully picked his spots to get involved. Ivey’s caution kept him in the game. But his reputation kept him from getting action. Nobody wanted to double up Ivey, so when he entered a pot, he usually took it down. Unfortunately for Ivey, he wasn’t able to build up a decent chip stack because players were generally avoiding him. The combination of Ivey’s patience and the lack of action on his bets kept Ivey tethered to the short-stack zone. And he was never able to build up the chip stack he needed to be truly dangerous, and ended up finishing seventh as a result.

One player who might wish he had played more hands is Jeff Shulman. Shulman, whose name was rarely heard Saturday, spent much of the day in the dreaded short-stack zone due to lack of action. And as a result, whenever he did catch playable cards, he faced agonizing decisions — often against Ivey — on whether he should take a stand, or live to fight. But Shulman kept grinding away, and finished in fifth. When asked to assess the remaining players in the field, here’s what Shulman had to say:

“Darvin Moon is playing well. He made a few mistakes early, but he’s playing well.”

“Joe Cada is just relentless.”

“Eric Buchman has been playing perfect poker.”

“Antoine Saout has been playing great.”

Saout had the best day outside of Cada. Saout was eighth in chips entering final-table action, and he patiently worked his way to the top of the leaderboard through solid play. Saout was arguably once card away from being the odds-on favorite to capture the Main Event crown. Now, he’ll be watching Cada and Moon battle it out — just like everyone else.

Throughout the four-month delay before the World Series of Poker Main Event final table, there was a lot of debate about what player winning would be “best for poker.” Most observers felt that a Phil Ivey victory was the answer to that question since it would be ideal if “the greatest player in the world won the greatest casino tournament in the world.” Those exact words almost became a cliché among the many talking heads and podcast hosts in the online poker media during the last three months.

Well, for all of you out there who were of this mindset, it turns out that while you may have been correct, it didn’t matter. Because not only did Ivey not win the Main Event, but he proved he simply doesn’t care “what’s best for poker.”

As the November Nine slowly – and I mean s-l-o-w-l-y – dwindled down to the final two players Saturday night into early Sunday morning here at the Rio, each player that was eliminated was asked to do what every performer on a big stage in the sports/entertainment business typically does after a big win or a tough loss – face the media.

It can’t be a pleasant experience. And the way that the WSOP handled the post bust-out interviews didn’t help matters. There seemed to be twice as many media members covering the final table this year compared to 2008 and the bust-out interviews were an absolute circus. Instead of being held in a closed off room somewhere, the interviews were conducted in the main corridor outside the theater where anybody – not just those of us wearing media badges – could surround the shell-shocked player who probably could have thought of 10,000 other things he’d liked to be doing at that particular moment, literally 10 minutes after suffering the most difficult ouster of his life.

When James Akenhead, Kevin Schaffel and Steve Begleiter were eliminated from the biggest poker tournament of their lives, each of them handled their exits with dignity, class and grace. Schaffel and Begleiter were particularly impressive since not only are they not used the glaring spotlight due to their amateur status, but both players suffered what can be termed brutal bad beats. But even with six or seven TV cameras with bright lights, flashing bulbs and between 25 to 30 media members sticking recorders and microphones in their face and backing them up against the wall, they answered each question with a smile and a shrug, simply saying they gave it their best shot and that they had no regrets.

It was heartbreaking to watch Antoine Saout step in front of the hot lights just minutes after he saw his title hopes go up in smoke. The Frenchman could have shocked the world by coming from the second-smallest stack to win the Main Event. He had the chip lead late in the game, but ended up suffering a couple of brutal bad beats to Joe Cada and finished third. After spending a record-breaking 15 hours at the table — and despite the fact that he does not speak very good English — he came out into the corridor, stood in front of the masses and did his best to answer every question that was thrown at him.

But when Mr. Ivey was eliminated in seventh place, he didn’t suck it up and face the music, so to speak. Instead he was nowhere to be found. The player whose victory would have been “the best thing for poker” decided to skip out on his requested date with the media. Instead of coming out and taking on the full-court media press as ALL of his fellow final tableists did, Mr. Ivey remained behind closed doors, giving access only to WSOP TV hostess Lacey Jones and Nolan Dalla, the WSOP media director.

As the media did what it was instructed to do and waited for Ivey in the exact spot we were told to report 10 minutes after each bust-out, it became more and more clear that he wasn’t going to show. And when we saw WSOP Communications Director Seth Palansky come out from behind closed doors with a disgusted look on his face, we knew we had indeed been dissed.

“We made it clear to [Ivey] that we wanted him to come out and talk to you guys and he made it clear that he didn’t want to do it,” Palansky said apologetically to the assembled media, many of whom would have been back reporting Ivey’s comments on Twitter and in running blogs minutes later so the millions of poker fans across the world who were not inside the Rio but were following the action online could have heard from “the game’s greatest player” moments after he got bounced from “the game’s greatest tournament.”

“What are you going to do?” Palansky said with a roll of the eyes. “You can’t force a guy to do something he doesn’t want to do.”

Palansky is exactly right. You can’t force a grown man to do something he’d rather not do. And I fully understand that we live in a world where stars can and usually do abide to a different set of rules than everyone else. But let me pose the question: What would have been “the best thing for poker?” Having Ivey – the undisputed “greatest player in the world” – come out and talk about what was the most-anticipated final table in the illustrious history of the WSOP Main Event, or have him cower behind closed doors and pick and choose who he wanted to answer to?

Do you think average poker fans would rather hear from Phil Ivey today about what has turned into an epic final table battle? Or would those fans rather have heard from Kevin Schaffel, a guy they wouldn’t have known if he served them their coffee at Starbucks a few months ago?

The irony here is that even the guy wearing the black hat and the one set up as the villain entering the final table – Jeff Shulman – stood in front of the media and answered questions patiently. You probably remember that Shulman –- who has a keen dislike for the WSOP and the people who run it – was quoted back in July as saying he would toss the bracelet in the trash if he won it. So, you would have thought he was the guy that would have been the most likely to give the Heisman to the media. Not the great Phil Ivey, who about 30 minutes after his back-door exit from the Rio was online at Full Tilt playing $2,000-$4,000 Hi/Lo Split with his buddies David Benyamine, David Oppenheim and Gus Hansen.

Once again, Ivey can do whatever he wants to do. He’s got that much cache – and he’s earned it. And in the end he’ll still have his legion of fans, his endorsement deals and, no doubt, he will still be considered the “greatest player in the world.”

But it would be difficult for him to argue about what would have been “best for poker.” The fans deserved to hear from him. The media deserved the chance to ask Ivey the same tough questions they asked the other players that were eliminated. And the WSOP deserved to have the brightest star in the game, step up and be a man following his exit from the biggest tournament in the world.

That, my friends, is what would have been “best for poker.”

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MGM Mirage boss Jim Murren doesn’t mind that rival casino operator Steve Wynn made the rounds on cable television recently.

Murren wants to be clear, however, that Wynn, the chairman of Wynn Resorts, isn’t the voice for the entire gambling industry with his critical remarks on how the Obama administration is handling the economy and healthcare.

“Never has. Never will, and he doesn’t speak for us,” said Murren, the chairman and chief executive officer of MGM Mirage.

Murren said Wynn’s commentary is not a view he shares.

“I disagree with it,” Murren said.

But he doesn’t take issue with Wynn’s right to voice his opinion.

“He’s very well known and he’s a provocative speaker,” Murren said. “He is a celebrity and he enjoys doing that. He does not speak for the online casinos industry, nor does he speak for us.”

Added Murren, a Republican who supported the election of President Barack Obama, “I just don’t share most of (Wynn’s) views, and nor do I listen to them.”

The US enforcement and legal system took what appears to be token final kick at the carcass of bankrupt online gambling group this week when a federal judge in St Louis sentenced the firm, which has been defunct for several years, to probation and a $28.2 million fine that lawyers on both sides admit is unlikely to be paid.

Company founder Gary Kaplan was sentenced last month to 51 months in prison forfeiture of $43.65 million after pleading guilty to conspiracy, racketeering conspiracy and violating the Wire Wager Act. The company’s erstwhile CEO David Carruthers remains untried and under house arrest in St Louis after several years in limbo.

Associated Press reports indicate that in the latest development a federal judge placed BetOnSports on probation for five years and issued the fine. But casino company legal representatives claim the company has more liabilities than assets, and that it still owes U.S. gamblers $7 million to $8 million.

Assistant U.S. Attorney Steve Holtshouser told the St. Louis Post-Dispatch that the actual amount of money owed to U.S. gamblers probably is much higher, estimating that only about half of those online casino gamblers went through the steps to verify to liquidators money owed to them.