News
Here is where you will find all the news, we have published in one spot to read and explore all aspects of the gaming industry. The latest news reports across the gambling market is available to keep our customers in the loop!
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Gambling News
Online Gambling Shoots Down ECHO / Intuit Deal
DIGITAL TRANSACTIONS (March 27, 2007) Merchant processor Electronic Clearing House Inc. and accounting-software giant Intuit Inc. on Tuesday announced that their planned $142 million merger is off. ECHO chairman and chief executive Joel M. -
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Gambling News
Sportingbet to Move Online Gambling Operation to Channel Islands
Ledger-Enquirer Wed, Mar. 28, 2007 Associated Press LONDON – Online gambling company Sportingbet PLC, forced to quit the U.S. after lawmakers effectively made the business illegal, said Wednesday it will transfer the group’s operations to the Channel Islands. The company said it is making the move offshore because there remains uncertainty surrounding the precise operational requirements of the 2005 U.K. Gambling Act.
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Gambling News
Neteller Halts Service to Canadian and Turkish Online Gambling Market
GamingIntelligenceGroup March 26, 2007 NETeller Plc, the British online money transfer business, today announced that it was withdrawing its payment services to online gaming sites for Canadian and Turkish customers. The move is in response to recent regulatory developments surrounding online gaming in Canada and Turkey, which have significantly increased the risk to the Groups ongoing business in those markets.
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Gambling News
EU Tells Germany To Rethink Plans To Ban Online Gambling
REUTERS Fri Mar 23, 2007 12:54 PM BST20 By Huw Jones BRUSSELS, March 23 (Reuters) – German regions have been told by the European Commission to rethink plans to ban online gambling or face possible legal action, an official at the EU’s executive arm said on Friday. It is the latest clash between Brussels and European Union countries over the betting industry, which is restricted to state-owned monopolies in some EU member countries.
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Gambling News
15% RTG Tax Hurts UK Aspiration To Lead In Online Gambling
eGamingReview reported the Remote Gaming Association (RGA) has expressed disappointment at the 15% rate which the UK chancellor Gordon Brown has set for the new remote gaming tax. The remote gaming tax rate has been set at the same rate as gross profits tax payable by UK-based bookmakers. John Coates, RGA chairman, said the 15% rate means the UK government has “effectively turned its back on the industry”.
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Gambling News
Neteller Funds Seized By DOJ May Be Released Within Next 75 Days
REUTERS UK Wed Mar 21, 2007 9:40 AM BST137 LONDON, March 21 (Reuters) – British payment processor NETeller (NLR.L: Quote, Profile , Research) said on Wednesday it expected to announce a plan to distribute funds seized by U.S. prosecutors to its U.S. customers within the next 75 days. NETeller quit the United States in January, abandoning 65 percent of its business, after authorities there arrested its two founders in a crackdown on online gaming. A month later, NETeller said U.S.
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Gambling News
Frank Promises Details On Repeal Of Online Gambling Ban
REUTERS WASHINGTON (Reuters) – Rep. Barney Frank said on Thursday he will give details in the coming weeks on possible legislation to repeal a ban imposed last year on online gambling. In an interview, the chairman of the House of Representatives Financial Services Committee said he is in no hurry and plans to consult with others on the matter. “I’m not ready to give you more details, but I will be by next week or so. We’ll talk more about it later.
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Gambling News
Barney Frank Works On Legislation To Repeal Unlawful Internet Gambling Enforcement Act
eGaming Review The office of US Congressman Barney Frank, who is chairman of the House financial services committee, has confirmed that he is currently working on legislation to repeal the Unlawful Internet Gambling Enforcement Act. The news item appeared this afternoon on the Financial Times website and has been confirmed to eGaming Review by Frank’s press department.
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Speculation On Dropped Charges For Neteller Founders Fuels Online Gaming Stock Rise
UK online gambling stock rose earlier this month amid speculation that US Congressman Barney Frank was going to introduce legislation calling for a review of UIGEA.
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Gambling News
Online Gambling Sites Work Around UIGEA
San Francisco Chronicle Tom Somach, Special to The Chronicle Monday, March 12, 2007 Thinking of going online and wagering on a few games in the upcoming NCAA basketball tournament? Uncle Sam doesn’t want you to, but he’s having trouble stopping anyone. The government’s latest effort to get Americans to stop gambling via the Internet has been largely ineffective, according to the online gambling industry.
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Gambling News
China Adds Online Gaming To National Security Risk List
THE REGISTER By Burke Hansen in San Francisco → More by this author Monday 12th March 2007 House of Cards-Although the Chinese government recently announced a purifying moratorium on internet cafes – the same week the Communist Youth League penned a contract with leading gaming developer Playtech to provide software for large scale internet-based gambling tournaments – the cadres in Beijing know that internet cafes are only an embodiment of something much larger and more threat...
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Gambling News
Man Gets Probation For Running Sports Gambling Operation
Fon du Lac Reporter By Amie Jo Schaenzer A Ripon business owner who told a judge he didn’t make any money off a sports gambling operation he ran has been placed on probation for one year and ordered to perform 100 hours of community service. During a plea and sentencing hearing Friday for Dan D.
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Gambling News
Canada Warns Alberta Cree Band To Halt Online Gambling Plans
Canada.com Tuesday, March 06, 2007 EDMONTON (CP) – Alberta’s top cop is warning a Cree band to halt plans to set up an Internet gambling haven on their reserve near Edmonton. Solicitor General Fred Lindsay also says he’s become aware that the Mohawks, who run illegal gambling operations in Quebec, have been advising the Alexander First Nation.
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Gambling News
China Vows To Crush Online Gambling For Harmony's Sake
THE REGISTER Anti-obsession controls already in place By Burke Hansen in San Francisco Wednesday 28th February 2007 Due to its proximity to mainland China, gambling development in Macau has exploded – recently even surpassing Las Vegas’ legendary Strip in revenue terms – and international players, such as Ladbrokes, have been positioning themselves to expand into the mainland itself when the time is right. It could be a long wait.
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Gambling News
Former 888 CEO To Show At Interview With French Authorities
eGaming Review eGaming Review has learned that John Anderson will attend the interview with the French authorities on March 13. 888 said in a statement this morning that its non-executive director and former chief executive had been asked to attend the interview with the French gaming authorities. The company added that the French market represented “an immaterial percentage of its business” and that it would continue to consult its legal advisers in relation to this matter.
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Gambling News
Double Standards of US Politicians In Action
There’s been a lot of talk recently through radio, articles and blogs regarding the double standard being used by the United States, most apparent lately in the area of gambling. As online gambling enthusiasts, we’ve seen US politicians assume the role of parent and pass judgment and legislation against the sins of online gambling and punished us by restricting the use of our own money in our own homes.
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Gambling News
APCW Has A Way to Heal All Ills For VA With Online Gambling
On February 16, 2007 the APCW announced a working partnership with the Veterans of Foreign Wars Webcom Network for the purposes of identifying and exploring the possibilities of using the charitable online gaming model as a means to bring online gaming back to America while at the same time creating a dedicated revenue stream for the Veterans Administration.
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Gambling News
Fact or Fiction - Is Congressman Barney Frank Going To Challenge UIGEA?
You know how rumors operate. Someone says something which is repeated by someone else and passed to another who in turn tells someone else.
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Gambling News
Poker Players Alliance Works To Change Unfair Gaming Laws
Lincoln News Messenger (www.lincolnnewsmessenger.com) By: William W. Grey, Fresno Wednesday, February 21, 2007 5:41 PM PST During the midnight hours as the Senate was preparing to adjourn for the elections, the Port Security Act was passed. Senator Bill Frist attached the Unlawful Internet Gambling enforcement Act (UIGEA) to Port Security Act.
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Gambling News
INTERNET WAGERING MAY BE KEY TO SPORTS GAMBLING'S FUTURE
EDMONTON JOURNAL Curtis Stock, Journal Sports Writer Published: Wednesday, February 21, 2007 EDMONTON — When it comes to betting on sports, it seems the gambling industry has left no stone unturned. There are government-sanctioned Sport Select kiosks in virtually every corner store, casinos in every corner of the city and chances to bet on just about any horse race in the world at Edmonton Northlands.
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Gambling News
Online Gambling Service Now Offered At Flybe
MARKETING WEEK 15-Feb-07 Flybe, the low cost airline, is providing its customers with a new on-line gambling service as part of its strategy to boost its ancillary services. The service will allow visitors to the Flybe website to play games such a roulette and poker through the site. The service, which is a partnership with Finnish gaming operator PAF Group, launches this week. As part of the deal, PAF will provide the gaming licence and access to the online games.
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Gambling News
VFW WebCOM And APCW Plan For US Vets Future
The Association of Players, Casinos and Webmasters (APCW) has been seeking viable ways to bring online gaming back to America in a legal and regulated format for the past several months.
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Gambling News
US Attorney's Office Holds Off Indictment And Onto Neteller Customer Funds
G&C Editors Note: It’s unclear whether Neteller founders, Lefebvre and Lawrence, were in court for the preliminary hearing or whether the hearing even took place. Very little information is available at this time. This will be updated as information comes in. USA TODAY 2/14/2007 10:55 PM ET By Jon Swartz, USA TODAY SAN FRANCISCO — The waiting game for thousands of U.S. patrons with money tied up in an online payment service under federal investigation just got longer. The U.S.
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ONLINE GAMBLERS ' SADLY MISTAKEN'; NO CHANGES TO ONLINE GAMBLING BAN SAYS AGA
LAS VEGAS SUN Jeff Simpson on why it’s unlikely the online gambling ban will be reversed February 11, 2007 at 7:18:8 PST American Gaming Association President Frank Fahrenkopf told me last week that if online poker players are confident they can persuade Congress to pass a law that would define poker as a game of skill, they’re sadly mistaken.
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Canada First Nation To Establish Online Gambling Haven Like Kahnawake
EDMONTON JOURNAL Jason Markusoff; with files from the Canadian Press Published: Saturday, February 10, 2007 EDMONTON – There is a glimmer of hope the Alexander First Nation can successfully fend off a showdown the government has threatened over the band’s attempts to create a haven for online casinos, legal experts say.
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Gambling News
Sullum Opines 'Neteller's Open and Honest Conspiracy'
REASON MAGAZINE::REASON ONLINE Jacob Sullum, Senior Editor, Reason Magazine | February 7, 2007 Although Stephen Lawrence and John Lefebvre are charged with money laundering, there was nothing sneaky about their “conspiracy.” In 1999 the two Canadians co-founded Neteller, an online payment processing company, now based in the Isle of Man, that openly specialized in serving online gamblers.
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Gambling News
UK Looks To Antigua and Barbuda In Developing International Online Gambling Regulations
Caribbean Net News Friday, February 9, 2007 ST JOHN’S, Antigua: Antigua and Barbuda’s Financial Services Regulatory Commission, Division of Gaming has announced that the country expects to play a key role in developing international regulations and legislation for remote gambling following publication of the UK Government’s communique regarding the 2006 International Summit on Remote Gambling.
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Gambling News
Canada Probes Indian Nation's Online Gambling Plans
CANADA.com Jason Markusoff, Shawn Ohler, CanWest News Svc; Edmonton Journal Thursday, February 08, 2007 EDMONTON – A northern Alberta First Nation that is offering to host online casinos is under investigation by the Alberta Gaming and Liquor Commission. The commission says it will crack down on what it deems would be illegal gambling.
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Gambling News
Canada Province To Conduct Online Gambling Survey
The Calgary Sun Thu, February 8, 2007 By TODD SAELHOF, SUN MEDIA The city’s top Catholic and fellow-social activists are furious over a possible provincial cash grab through online gambling. Bishop Fred Henry calls media reports the Alberta government planned to collect revenue through Internet betting as “an intemperate, ill-advised, immoral decision. “It should be a short study,” Henry said yesterday of a government survey to gauge opinions about Internet gambling.
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Gambling News
US Prosecutors Are Reason US Customers Can't Access Funds According To Neteller
CNN CNNMoney.com February 8 2007: 9:11 AM EST LONDON (Reuters) — British payment processor NETeller said Thursday U.S. prosecutors had seized funds, stopping U.S. customers from accessing their money, the latest move in an online gaming sting. NETeller, which quit the United States last month after authorities arrested its two founders, said it was cooperating with an investigation by the U.S.
