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
TECH ADVANCES AND INTERNATIONAL EXPANSION HERALDED AT G2E
November 16, 2006 08:49 AM Eastern Time BUSINESS WIREPanelists Reaffirm Their Commitment to Responsible GamingGlobal Gaming Expo 2006 LAS VEGAS–(BUSINESS WIRE)–Technological advancements and the international expansion of gaming dominated the discussion at Wednesday’s G2E keynote panel as international industry leaders gave their insights on what will define the next generation of global gaming. Moderated by American Gaming Association (AGA) President and CEO Frank J. -
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POWER PLAY: PLAYTECH TO PURCHASE RIVAL FIRM TRIBECA
REUTERS UK Mon Nov 13, 2006 9:58 AM GMT31 By Pete Harrison LONDON (Reuters) – Gambling software maker Playtech (PTEC.L: Quote, Profile, Research) agreed to buy rival Tribeca for $75 million (39 million pounds) on Monday to create a company twice the size of its nearest competitor.
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BETONSPORTS BANNED PERMANENTLY FROM THE U.S.
CNN MONEY BetOnSports ban separate from tax suit against company executives. November 10 2006: 4:29 PM EST ST. LOUIS (Reuters) — BETonSPORTS Plc and government prosecutors agreed Thursday on a court order permanently restraining the indicted online gaming company from taking bets in the United States, according to a release from a U.S. Attorney Catherine L.
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UK EMBRACES ONLINE GAMBLING WHILE US ISOLATES
POKER NEWS November 09, 2006 Haley Hintze In an article written by Haley Hintze at POKER NEWS, comparisons were made between the governments of Great Britain and the United States…. “A virtual line in the sand drawn by United Kingdom officials responsible for the oversight of Britain’s legalized online gaming industry is likely to further isolate the United States in its efforts to legislate online gaming out of existence. As reported in The Register, the U.K.
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REPORT ON EU GAMBLING STUDY: THE CASE FOR CHANGE!
EU BUSINESS The European Betting Association and the Remote Gambling Association welcome the final publication by the European Commission on 12th October 2006 of the Study of Gambling Services in the Internal Market of the European Union commissioned in November 2004 to the Swiss Institute of Comparative Law. This Study sheds significant light on the gambling market of the EU.
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GAMBLING INDUSTRY RESHUFFLES ITS CARDS
iGAMING BUSINESS08-11-06 London, UK (Press Release) 7 November 2006 — Gaming companies have switched their focus from the huge US market to concentrate more on Europe and Asia; speculation is mounting regarding mergers between 888 and PartyGaming and /or Ladbrokes; London casinos are becoming important strategic asset for foreign gaming companies; new legislation in Britain next year will clear the way for super casinos and an influx of online gaming businesses and Ryan air have reportedl...
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BETonSPORTS AND U.S. MAKE DEAL
REUTERS UK BETonSPORTS, U.S. reach stop-business agreement Mon Nov 6, 2006 5:10 PM GMT137 ST. LOUIS (Reuters) – BETonSPORTS Plc (BSS.L: Quote, Profile, Research) and government prosecutors have agreed on a court order permanently restraining the indicted online gaming company from taking bets in the United States, lawyers on both sides told a U.S. court in St.
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eCOGRA OFFERS REGULATORY EXPERIENCE TO UK
Monday 6 November 2006 LONDON, November 6 /PRNewswire/ — eCOGRA (eCommerce and Online Gaming Regulation and Assurance) www.ecogra.org, the online gambling industry’s independent player protection and standards authority, has offered to lend its regulatory experience to the UK Department of Culture, Media and Sport. This follows on from its recent summit on internet gambling.
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ONLINE GAMBLING FIRMS SEE NO ADVANTAGES IN OPERATING OUT OF UK
EDITOR’S OPThe talk around town, London Town that is, is that the British government’s attempts to get online gambling firms to base their operations in and pay tax to the UK is not going to fly . The Observer reported that John Healey, Treasury Minister for the UK was addressing tourism industry leaders last week. During his speech, he said the government is having problems fixing a tax rate to persuade online gambling firms to pay tax in the UK.
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ARIZONA BATTLE FOR CONGRESS HEATS UP
LOS ANGELES TIMES By Molly Hennessy-Fiske and Janet Hook, Times Staff Writers November 3, 2006 BILLINGS, MONT. — Heading into the last days of the fight for control of Congress, both political parties moved Thursday to expand the battlefield, trying to revive campaigns that had been seen as lost causes. President Bush traveled to Montana to campaign for beleaguered GOP Sen.
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MGM AND LADBROKES IN TAKEOVER TALKS WITH INTERNET GAMBLING SITES
THE BUSINESS By : Simon Goodley And Ben Marlow 02/11/2006 America’s MGM Mirage and Britain’s Ladbrokes, two of the world’s largest gambling groups, have started exploratory takeover talks with internet rivals decimated by recent US Congress legislation banning online gambling.
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INTERNET GAMBLING BILL A POSSIBLE PROBLEM FOR GOP ON NOV 7
FOX NEWS Friday, November 03, 2006 NEW YORK — A Republican-sponsored effort to clamp down on Internet gambling may turn out to be a bad bet for the GOP. The Unlawful Internet Gambling Enforcement Act, which President Bush signed into law Oct.
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FRIST ANTE'S WITH ONLINE GAMBLING BAN, TIME FOR U.S. TO CALL - PEACEFUL PROTEST IN WASHINGTON
EDITOR’S NOTE November 2, 2006 On Friday the 13th of October 2006, President Bush signed into law the Safe Port Act, a bill to tighten port security and make our country a safer place from terrorists. Attached to this bill was the Unlawful Internet Gambling Enforcement Act (UIEGA).
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WTO LAST CHANCE FOR INTERNET GAMBLING IN US
BLOOMBERG (www.bloomberg.com)By Warren Giles Nov. 2 (Bloomberg) — Antigua, the Caribbean island nation accounting for a quarter of online betting, says its effort to overturn a U.S. ban on Internet gambling through the World Trade Organization is a last chance for the industry. WTO arbitrators first backed Antigua’s claim that the U.S. illegally discriminated against foreign Internet betting companies two years ago. Last month, President George W.
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ONLINE GAMBLING CONFERENCE HOSTED BY GREAT BRITAIN - USA A 'NO SHOW'
DAILY PRESS By JANE WARDELL – AP Business Writer – October 31, 2006, 8:19 AM EST ROYAL ASCOT, England — Officials from more than 30 countries debated ways to regulate the global Internet gaming industry on Tuesday, just weeks after the United States effectively banned online gambling.
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NETELLER PROVISION OF SERVICES TO US CURRENTLY UNDER REVIEW
HEMSCOT Todney Hobson 31/10/06 13:27 Surprisingly strong quarterly figures from the online money transfer business has helped to assuage fears over the impact of anti-gambling legislation in the US. Surprisingly strong quarterly figures from the online money transfer business has helped to assuage fears over the impact of anti-gambling legislation in the US. NETeller signed up 3,218 customers in the third quarter to take the total to nearly 3.19m.
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BUSH THUMBED NOSE AT WTO COMMITMENTS WITH THE SIGNING OF THE UIGEA
EGAMINGPULSE On 13 October President Bush signed the law that triggered the market value meltdown of several internet gambling operators that derived much of their turnover from US punters (the most prominent being Partygaming, 888 Holdings and Sportingbet).
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NELSON ROSE ON THE NEW ANTI INTERNET GAMING LAW
POKER PLAYER by I. Nelson Rose Senator Bill Frist (R.- TN), doesn’t want to be President -he wants to be Dictator. Frist, the majority leader of the U.S. Senate, used his position of power to ram through the Unlawful Internet Gambling Enforcement Act of 2006. He didn’t even give the members of Congress a chance to read the bill. They were told about it late Friday night, mere minutes before they recessed to campaign for reelection.
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PARTYGAMING AND 888 MERGER IN THE WORKS
THE TIMES The Times Online (www.timesonline.co.uk) Louise Armitstead and Matthew Goodman TWO of the biggest UK-listed online poker operators, Party Gaming and 888 Holdings, have held preliminary talks about a possible merger to create a £1.6 billion company. Both firms have been trying to find a way to cope after sales were hit by the introduction of laws banning online gambling in America.
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Gambling Legislation Poses Low Risk To Online Gamblers
THE OREGONIANSunday, October 29, 2006ALEX PULASKI Peter Dumdeang’s voice rose above the TV patter in a bare-walled East Portland apartment, his insistence interrupting two other men who, like him, appeared hypnotized by their laptops. Things were desperate. Down to his last chips Thursday in an Internet poker tourney, Dumdeang needed one of two cards to survive. “C’mon, eight,” he pleaded.
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UK CULTURE SECRETARY SAYS US GAMBLING LAW FLAWED
BBC NEWS The US crackdown on online gambling is a “new prohibition”, which is likely to fuel a rise in fraud and exploitation, the UK culture secretary has said. Offshore sites could become the “modern equivalent of speakeasies”, illegal bars which opened in 1920s America when alcohol was banned, Tessa Jowell added. New US laws forbid firms from taking internet bets, and ban banks and credit card firms from allowing web payments.
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CONGRESS ACTS TO REMOVE GAMBLING OFFLINE. WHY?
LUDWIG VON MISES INSTITUTEBy Mark ThorntonPosted on 10/26/2006 Congress purported to act to protect the values of the American people when it passed the “Unlawful Internet Gambling Enforcement Act.” The result has been a serious blow to a growing industry. Whose values was Congress protecting? It had nothing to do with the American people at large.
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WHILE U.S. SHUNS ONLINE GAMBLING, A WHOLE NEW WORLD OPENS IN EU
INTERNATIONAL HERALD TRIBUNE By Simon Packard and Amy Wilson Bloomberg News October 26, 2006 LONDON PartyGaming, the world’s largest online poker company, lost 75 percent of its revenue when the company shut down its U.S. sites to comply with a new law enforcing a ban on Internet gambling.
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FRIST DOUBTS ONLINE GAMBLING BAN WILL AFFECT GOP OR VOTER /ELECTION TURNOUT
LAS VEGAS SUN October 24, 2006 By Lisa Mascaro WASHINGTON – Could a cornerstone of Republicans’ American Values Agenda – the just passed law to ban Internet gambling – come back to bite the party on Nov. 7? That’s the prognosis of poker-playing scholar Charles Murray, who warned in a recent newspaper opinion piece of the political damage Republicans may face from the nation’s poker-playing masses this fall.
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888.COM FIRES UP TO 150 GIBRALTAR EMPLOYEES
PANORAMA The gambling outfit Cassava, also known as 888.com, are to fire employees in their Gibraltar headquarters.
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AN INTERVIEW WITH BODOG OWNER CALVIN AYRE - FEDS CAN'T STOP HIS ONLINE EMPIRE
THE REGISTER EXCERPTS FROM INTERVIEW OF CALVIN AYRE BY BURKE HANSON, PUBLISHED AT THE REGISTER Tuesday 24th October 2006 23:26 GMT “American gaming enthusiasts have been asking themselves that very question, after Republicans in Congress recently amended the Safe Port Act (H.R.
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BAN IS NOT THE ANSWER, WON'T STOP ONLINE GAMBLING
THE CHARLOTTE OBSERVER ADAM GOLDMAN Associated Press NEW YORK – Gamblers may look over their shoulder now, but experts say a new Internet gambling ban won’t keep bettors from ponying up, just turn them on to overseas payment services out of the law’s reach. “It has put a terrible scare into people,” said I. Nelson Rose, who teaches gambling law at Whittier Law School.
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ONLINE GAMBLING AND ITS ENTITIES ENTERS THE PROHIBITION ERA
INTERACTIVE GAMING NEWS by Chris Krafcik H.R. 4411 – David Carruthers – Money laundering – Aiding and abetting – United States Congress – Bill Frist – Unlawful Internet Gambling Enforcement Act of 2006 – Prohibition – Exodus These and other words and expressions have permeated the idiom shared by the I-gaming industry, serving as palpable reminders of long-standing legal battles and financial woe, of furtive politics and changing interests.
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Will Online Gambling Legislation Turn Out To Be A Bad Bet for Republicans?
FOX NEWS Monday, October 23, 2006 By Radley Balko LONDON — In the wee hours of the last night of the last session of Congress, Majority Leader Bill Frist attached a ban on Internet gambling to a port security bill. It was a dubious maneuver, which not only prevented any real floor debate over the ban, but also attached an intrusive, unnecessary, big government measure to a bill that addressed important national security concerns.
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GAMBLING LEGISLATION TO AFFECT ECHO's BOTTOM LINE
PACIFIC COAST BUSINESS TIMES Bill Lascher Staff Writer 10/20/06 Fallout from legislation targeting Internet gambling has landed in Ventura County. Camarillo-based Electronic Clearing House Inc., or ECHO, announced that its annual report for the fiscal year ended Sept. 30 would look different after the Unlawful Internet Gambling Enforcement Act of 2006 was signed by President George W. Bush Oct. 13.
