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
Congress Busts The Online Poker Boom
CBS NEWS Congress Busts The Online Poker Boom Ken Adams: New Internet Gaming Law Will Squash Underdog Dreams Of Scoring Big (CBS) Ken Adams writes about poker for CBSNews.com. In 2003 an anonymous Tennessee accountant with the unlikely name of Chris Moneymaker invested $100 in an online poker tournament in which the first prize was a $10,000 entry in the annual World Series of Poker championship in Las Vegas. Moneymaker went on to win the World Series championship bracelet and $2. -
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Gambling News
US Bill on Internet gambling: Morality or Protectionism?
CARIBBEAN NET NEWS Commentary Thursday, October 5, 2006 by Sir Ronald Sanders The value of publicly-traded Internet gaming companies in Britain and their subsidiaries in the Caribbean has been savaged by a Bill adopted in late September by the US Congress making it illegal for banks and credit card companies to make payment to foreign online gambling sites.
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Gambling News
LOBBYING 101: HOW HORSE RACING DODGED US INTERNET GAMBLING BILL
THE INDEPENDENT By Stephen Foley in New York Published: 05 October 2006 The American horse racing industry paid more than $3m (£1.6m) in political donations, and spent millions of dollars more on entertainment and “education”, to ensure its exemption from the new internet betting laws that sealed the destruction of offshore online gambling.
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Gambling News
ONLINE CASINO ACTION TAKES BIG HIT
ACN NEWSWIRE Online Casino Betting Hit Australasian Investment Review Sydney, Oct 4, 2006 (ACN Newswire) – Yes it was sneaky and yes it is terribly ‘American” but all those investors and punting left lamenting the end of the online gaming industry should realise one or two things. Not many people care and the Americans have left a couple of areas of activity to be exploited for the simple reason that American gaming companies are already in those spaces.
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Gambling News
EXPERTS SAY ONLINE GAMBLING WILL CONTINUE EVEN WITH ONLINE GAMBLING BAN
TECHWEBOctober 03, 2006 (1:11 PM EDT)Gaming Expert: Online Bets Will Continue, Despite New Laws By W. David Gardner, TechWeb Technology News Online gamblers in the U.S. will likely be seeking alternate ways of wagering to avoid new restrictions by Congress that are aimed at halting the practice, an expert in online gambling said in an interview Tuesday. “It’s not going to work,” said Frank Catania, former New Jersey gaming regulator.
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Gambling News
A Look At The Unlawful Internet Gambling Enforcement Act 2006
iGAMING03-10-06 The Act starts with the findings of a report from the National Gambling Impact Study Commission, chaired by Republican Kay Coles James, which states that Internet gambling is a growing problem for banks and credit card companies and that ‘new mechanisms for enforcing gambling laws on the Internet are necessary.
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Gambling News
MORE LEGISLATION IN THE WORKS REGARDING ONLINE GAMBLING
DATE: October 2, 2006 CONTACT: ALISE KOWALSKI PRESS RELEASE – CONGRESSMAN BOB GOODLATTE CONGRESS APPROVES LEGISLATION TO DETER ONLINE GAMBLING Washington, DC: On Saturday, the House and Senate passed legislation to curb Internet gambling. The measure was included in the port security conference report, H.R. 4954, and prohibits online gambling businesses from accepting payments for the purpose of betting.
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Gambling News
I. NELSON ROSE, PROFESSOR OF LAW LOOKS AT THE UNLAWFUL INTERNET GAMBLING ENFORCEMENT ACT OF 2006
I. NELSON ROSE PROFESSOR OF LAW, WHITTIER LAW SCHOOL HOME OFFICE: 17031 ENCINO HILLS DRIVE ENCINO, CALIFORNIA 91436 (81 788-8509 FAX: (81 788-3104 WEB SITE: www.GAMBLINGANDTHELAW.com EMAIL: rose@sprintmail.com Gambling and the Law®: The Unlawful Internet Gambling Enforcement Act of 2006 Analyzed © Copyright 2006, all rights reserved worldwide.
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Gambling News
BANKS BREATHE SIGH OF RELIEF - ONLINE GAMBLING BAN POSSIBLY NOT AS BURDENSOME AS FEARED ON FINANCIAL INSTITUTIONS
CHRON.COM Oct. 2, 2006, 1:33PM Banks See Protections in Gambling Bill By GREG EDWARDS Dow Jones Newswires © 2006 The Associated Press ST. LOUIS — The Internet gambling legislation passed late last week by the U.S. Congress, which led to a major sell-off of Britain-based online gambling stocks Monday, remains a concern to the U.S.
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Gambling News
BUSH EXPECTED TO SIGN SAFE PORT ACT WITH BAN ON ONLINE GAMBLING RIDER THIS WEEK
Yahoo News Mon Oct 2, 10:21 AM ET WASHINGTON (AFP) – US President George W. Bush this week is expected to sign a bill making it harder to place bets on the Internet, a practice which already is illegal in the United States. Bush was expected to act quickly after Congress approved the Unlawful Internet Gambling Enforcement Act making it illegal for financial institutions and credit card companies to process payments to settle Internet bets.
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Gambling News
OPTIMAL GROUP STATES US LAW AS RELATES TO FIREPAY WILL HAVE SIGNIFICANT IMPACT
CNW GROUP Optimal Group Makes Announcement Regarding U.S. Legislative Impact upon its FireOne Group plc Subsidiary MONTREAL, October 2 /CNW/ – Optimal Group Inc. (NASDAQ:OPMR) today made the following announcement regarding the adoption by the United States Congress of the Unlawful Internet Gambling Enforcement Act of 2006. On September 30, 2006, the United States Congress passed the Unlawful Internet Gambling Enforcement Act of 2006.
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Gambling News
GAMBLING SHARES SLUMP, GAMING COMPANIES TO FOLD US OPERATIONS
DOW JONES / MARKET WATCH Gambling shares slump after U.S. act approved PartyGaming, 888 Holdings prepare to fold U.S. operations By Simon Kennedy, MarketWatch Last Update: 6:58 AM ET Oct 2, 2006 LONDON (MarketWatch) — Shares in U.K.-listed online gambling companies including PartyGaming and 888 Holdings plummeted Monday after the U.S. Congress unexpectedly passed an act that could cripple the industry by cutting off its revenue flows.
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Gambling News
CRYPTOLOGIC WILL NOT TAKE WAGERS FROM US BASED PLAYERS
U.S. Internet Gaming Legislation Validates CryptoLogic’s Global Strategy Licensees will no longer take U.S. bets; after five years of planning, software provider well-positioned with revenue and customers based in world’s most attractive e-gaming marketsTORONTO, ONTARIO — (MARKET WIRE) — October 02, 2006 — ALL FIGURES IN $USCryptoLogic Inc.
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Gambling News
PartyGaming To Suspend All US Money Accounts
PartyGaming Press Release 2 October 2006 PartyGaming Plc United States legislation On 30 September 2006, the United States Congress passed The Safe Port Act. That measure also contained certain provisions known as the ‘Unlawful Internet Gambling Enforcement Act of 2006’ that will affect the processing of payments between US customers and online gaming companies, including PartyGaming, that are publicly traded and licensed and regulated in respected jurisdictions.
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Gambling News
NETELLER CONTINUES TO OPERATE ITS BUSINESS AS USUAL
NETELLER MEMBER UPDATE US Member Update: 1st October 2006 On Friday 29 September 2006, the US Congress passed legislation which includes certain provisions to prohibit unlawful internet gambling through the restriction of payments to such sites.
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Gambling News
US Congress approves Internet gambling ban bill
REUTERS Updates with final approval of House) By Peter Kaplan WASHINGTON, Sept 30 (Reuters) – Most forms of Internet gambling would be banned under a bill that received final U.S. congressional approval early Saturday. The House of Representatives and Senate approved the measure and sent it to President George W.
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Gambling News
Poker Players Alliance: Congress Ignores Public Sentiment, Approves Internet Poker Prohibition
Saturday September 30, 2:52 pm ETWASHINGTON, Sept. 30 /PRNewswire/ — In a Congressional back room deal, opponents of Internet gambling have added language to port security legislation that would prohibit online wagering. The port security bill with the Internet gambling prohibition language included was approved by the U.S. House and Senate late on Friday evening and will be sent to the President to be signed into law.“This last minute deal reeks of political gamesmanship.
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Gambling News
Congress welcomes back Prohibition - Internet Gambling Bill Passes
EYE ON GAMBLING – EOG written September 30, 2006 Many local bookmakers such as “Benny the Bullet” were seen partying and rejoicing in Central Park, New York late last night and into the early morning hours today.
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Gambling News
William Hill Stops All Bets From US Customers
IRISH EXAMINER (www.irishexaminer.com) 27/09/2006 – 3:10:39 PM British bookmaker William Hill said today it had stopped taking casino and poker bets from US customers amid confusion over internet gambling laws there. Online sports betting contravenes the 1961 Wire Act in America, which bans the placing of bets on sporting events via the telephone line in the states.
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Gambling News
MORE WARRANTS FOR ONLINE GAMBLING'S SPORTINGBET STAFF
SCOTSMAN.COM LONDON (Reuters) – Louisiana is determined to stop Internet gambling companies from taking bets in the southern U.S. state and has issued four arrest warrants for staff at Sportingbet , a police officer told the Financial Times. Captain Joe Lentini, head of the casino section of Louisiana’s Police Gaming Enforcement division, said in an interview published on Wednesday the warrants included one for Peter Dicks, former chairman of the UK-listed company.
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Gambling News
INVESTORS LOSE BILLIONS ON ONLINE GAMBLING
FINANCIAL NEWS Tara Loader Wilkinson 25 Sep 2006 Regulatory crackdown and arrests in the US have hit pipeline of gaming flotations Investors in online poker should know they can lose their shirts on one bad hand. But they might not have expected such a sustained run of bad cards that has seen the value of online gaming companies collapse by 51% from this year’s highs.
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Gambling News
German crackdown raises the stakes for internet gambling
THE BUSINESS By Eric Culp In Frankfurt And Pierre Tran In Paris 24 September 2006 German crackdown raises the stakes for internet gambling BRITISH executives of online gambling companies could be arrested on criminal charges in Germany if they set foot in the country.
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Gambling News
A DEEPER LOOK INTO ONLINE GAMBLING BILL PASSED IN WASHINGTON STATE
An article from the blog MakeYouGoHmm.com May 27, 2006 On June 7 online gambling becomes felony in Washington state gaming, politics — by TDavid @ 9:30 pm The hypocritical stench surrounding the online gambling law forthcoming in Washington state includes campaign donations from none other than Indian casinos for State Senator Margarita Prentice (pictured below, Sen. Prentice homepage). Her term ends January 2009.
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Gambling News
US lawmakers seek online gambling bill compromise
REUTERS By Peter Kaplan WASHINGTON, Sept 21 (Reuters) – Congressional leaders are trying to forge a compromise that would allow them to push through legislation banning most forms of Internet gambling, aides said on Thursday. Top House and Senate lawmakers have been trying to break a logjam that has stalled the Internet gambling legislation by attaching it to any one of a number of must-pass spending bills before the end of the year, aides said.
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RIVERBELLE ONLINE CASINO RATED #1
River Belle Online Casino Wins First Place in Best Online Casino for Progressive Slots GIBRALTER, September 18, 2006 – It’s not easy to win the coveted and highly respected awards handed out to online gaming sites in the annual “Strictly Slots” magazine reader’s poll, but River Belle Online Casino (http://www.riverbelle.com) has managed to do it four times this year.
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Internet Bingo
Another Lucky Online Bingo Winner At Kiwi Bingo
September 20,2006 12:00 AM EST Los Angeles, CA (FV Newswire) – Linda from Florida, aka ‘Birdie50′, has won herself a spot in the Kiwi Bingo hall of fame. Birdie50 is Kiwi’s first winner of the Days of Summer – Bistro Set Giveaway. Linda couldn’t believe her luck at being the first winner.
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Gambling News
Playtech Licenses Advanced Multimedia Technology
Monday September 18, 3:14 am ET NICOSIA, Cyprus, September 18 /PRNewswire-FirstCall/ — Playtech (Cyprus) Ltd., the international designer, developer and licensor of software for the gambling industry, a subsidiary company of Playtech Ltd (LSE: PTEC – News), listed on AIM, announced today the signing of a license agreement with 1st Technology LLC. The license agreement is in relation to 1st Technology’s core multimedia patents applied to advanced online gaming products.
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Internet Bingo
FREE $5 AT BINGO CAFE PLUS A CHANCE AT $250 IN CASH PRIZES
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Gambling News
PUBLIC VS PRIVATE IN ONLINE GAMBLING CLASH
INT’L HERALD TRIBUNE By Eric Pfanner International Herald Tribune Published: September 18, 2006 LONDON The detention of the heads of an Austrian online gambling company by French authorities has raised the stakes in a Europe-wide battle between lucrative state-sponsored betting monopolies and their upstart rivals on the Internet, raising eyebrows at the European Commission in Brussels.
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Gambling News
FRIST TARGETS INTERNET GAMBLING
ABC NEWS/POLITICS September 17th, 2006 Senate Majority Leader Frist Seeks to Add Internet Gambling Ban to Defense Bill, Sources Say By NANCY ZUCKERBROD WASHINGTON Sep 13, 2006 (AP)— Senate Majority Leader Bill Frist is trying use a bill authorizing U.S.
