Gambling News
Want to know what is going on in the gambling industry? We got the leading edge, delivering inside stories on land based and online casinos. Be in the know with local and international news that are making headlines.
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Sportingbet PLC to Forfeit $33 million to Settle U.S. Online Gambling Charge
UK Internet gambling company Sportingbet Plc agreed today to forfeit $33 million that it provided to US customers in a deal that they hope will allow the company to resume U.S. online gambling operations sometime in the future if the laws are changed. According to a statement made by Sportingbet as part of this agreement with New York, the company offered online gambling to U.S. residents from 1996 to Oct. 2006. -
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Online Poker Affected After California State Sen. Wright Indicted?
What a difference a week makes. California State Senator Roderick Wright (D- Inglewood) seemed to be a light for legalized online poker in the state has now been indicted by a grand jury on eight counts including filing a false declaration of candidacy, voter fraud and perjury beginning back in 2007. If convicted, Wright faces up to eight years and four months in state prison. He pleaded not guilty and was released after posting bail of $45,000. His next court date is October 8th.
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Goldwater Bank To Forfeit $734,000 in Online Gambling Case
Today the bank Ahmad Khawaja and his two firms Allied Systems and Allied Wallet reportedly used to transfer funds to players online poker sites, as agree to forfeit assets.
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Daniel Tzvetkoff Released from New York Jail
The Australian businessman Daniel Tzvetkoff has been released from a New York jail according to news.com.au. The 27 year old had been charged with money laundering, conspiracy to launder, fraud and conspiracy to defraud.
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Indian Casinos to Have Legal Online Poker in U.S.
Legal internet poker is coming to the United States, at least on tribal land. In a press release today, Atlantis Internet Group Corp. announced a licensing agreement with Cake Gaming NV which will allow Native American casinos across 30 states to legally play poker online.
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Blanca Games Acquires the Cereus Poker Network
Stuart Gordon’s led Blanca Games, Inc has acquired the Cereus Poker Network the third largest online poker network. The acquisition includes the network operations, software and the two brands, Absolute Poker (AP) and Ultimate Bet (UB). According to Gordon the Chief Executive Officer of Blanca Games in their press release, “The acquisition of Cereus is a significant opportunity for us. Cereus is a major platform of well-managed assets.
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Online Gambling Changes in South Africa, Holland and Nova Scotia
What to do with online gambling has been a hot topic with cash strapped states, provinces and countries lately. California recently wrestled with it, some provinces in Canada have embraced it with others to follow suit and many other European countries have chimed in on one side or the other. South Africa, Holland and Nova Scotia have been the latest to headline the online gambling news.
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PlayNow.com Re-Launches for Online Gamblers
After more than a month of being shut down due to a security breach just hours into their launch, PlayNow.com re-launched right before the weekend under much less fan fair. According to the British Columbia Lottery Corporation CEO Michael Graydon, the approval was given following a review by consulting firm Deloitte and the site had permission to be back online at 7p.m Thursday.By 10 p.m., the site was still not online however and a check at 2a.m. Friday found it still not online.
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Tribes Coming Together For California Online Gambling
It looks like support is coming together for one last push for legalized online gambling in California. The question now: Is there enough time? There is less than two weeks left for any bill to pass the state Legislature but the Morongo Band of Mission Indians is trying to form a coalition to get it done. According to Morongo spokesman Patrick Dorinson, 21 tribes have either signed up for or sent documents in to join the California Online Poker Association.
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$13.3 Million Forfeited In Online Gambling Case
In a story released through the Dow Jones Newswires, the defendants in the online gambling money laundering case have agreed to forfeit $13.3 million, The money was seized by the U.S. Government from two online gaming payment processors, Allied Wallet Inc. and Allied Systems Inc. both owned by Ahmad Khawaja. The FBI says this is just a small portion of what was run through the business for the first half of 2009.
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Betfair Launches new iPad App
Betfair has gotten into the Apple app business and has launched a new gambling application for the iPad. For those mobile gamblers in the U.S., no need to get excited and search long hours in your iTunes store, it is not available in the United States. This app has only been launched to the residents of the UK and Ireland. The Betfair app uses GPS to make sure the bets are being placed from the proper region.
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Is Online Gambling in Alberta Far Off?
It seems the domino effect is going strong in North America as far as regulating online gambling is concerned. British Columbia and Quebec already allow online gambling and Ontario will soon follow. Now it seems Alberta is at least looking to follow in the same path. Online gambling is legal in Canada but operating a site within its borders is not.
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NFL No Longer Opposing Legalized Online Gambling
As we have been writing about, Barney Frank’s HR 2267 seems to be gaining a lot of strength since it passed the House Financial Services Committee mark-up session. Since that day it has gained a new co-sponsor and now it has lost a major opponent the stood in the way of legalized online gambling. The influential NFL has softened its stance to legalized online gambling. The NFL has been linked to being a major influence in the passing of the UIGEA in 2006.
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Ontario Also Looking at Legalized Online Gambling
On Saturday, The Star Canada’s largest daily newspaper, reported that Premier Dalton McGuinty’s administration is facing a $19.7 billion budget deficit. Due to this, McGuinty is looking into the possibility of Ontario expanding into the online gambling industry. The government needs money, and sources say legalizing online gambling could bring in up to $500 million a year.
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HR226 Gets Another Co-Sponsor in Congressman John Campbell
Most are hailing the passing of HR 2267, The Internet Gambling Regulation, Consumer Protection, and Enforcement Act last week as a victory for getting some kind of regulation for online gambling in the U.S. The next step is getting the consideration of the full House of Representatives. Today that next step got more support in the way of Congressman John Campbell (R-CA) who added his name to the growing list of co-sponsors to the bill that now total 70. In last week’s hearing Rep.
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Big Loss to Affiliate World
Last week the industry lost a well known and well loved member: Alan Leonard, better known as The Captain.Allan was an affiliate since the early days 10 years ago, and most affiliates and affiliate managers are well aquainted with him.Allan had a brilliant, warm smile that will never be forgotten by anyone who met him.
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888 Have Suitors For A Merge
The merger between BWIN and PartyGaming which has resulted in the world’s largest online gambling firm has caused a ripple across the rest of the gambling industry. Online gambling firm 888 has now acknowledged it has been contacted by competitors looking to put together a similar plan. Chief Executive Gigi Levy told Reuters that, “This puts us in a position in which we are one of the best assets in the field — we got a few phone calls immediately from various people.
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PartyGaming to Merge with Bwin Interactive
It was announced today that two big powers in the European online gambling market will merge into one. In a reverse takeover, PartyGaming plans on acquiring Bwin Interactive in a deal valued at $1.76 billion dollars.
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Barney Franks Online Gambling Bill Passes Mark Up Vote
Step one passed with flying colors. House Committee on Financial Services Chairman Barney Frank’s bill H.R. 2267 the Internet Gambling Regulation and Consumer Protection and Enforcement Act took a step today in trying to regulate online gambling in the United States. This bill would regulate internet gambling in the U.S. as well as require operators who have gotten a license to have safeguards in place to curb underage gambling and to help prevent problem gambling.
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Online Gambling Bill Headed for Mark Up Vote
Just like it was alluded to last week in the House Financial Services hearing Barney Frank’s H.R. 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act is moving quickly through the beginning stages and already has a mark-up set for Tuesday, July 27th. The hearing had its fair share of supporters and distracters with heated discussion’s coming from both sides.
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North American Online Gamblers Still Waiting for PlayNow.com
After the crash of the first North American online gambling site, PlayNow.com and the final admission of the B.C. Lottery Corporation that it had a privacy breach where over 130 players had their private information seen by other players, the government today said they have no idea when the site will reopen for business. Rich Coleman, the Housing and Social Development Minister did not give a timeline has to when the problem would be fixed and players could return to play.
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Positive Hearing on U.S. Internet Gambling Regulation
In three months the Unlawful Internet Gambling Enforcement Act (UIGEA) will turn 4 years old. The regulations put in place to govern how to enforce this law just came into effect in June and now, finally, Barney Frank and his bill HR 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act is moving forward to try and change it.
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PlayNow.com Shut Down Over Privacy Breach
Though we thought it was the high demand of players that were trying to access the B.C. Lottery Corporation’s new gambling site Playnow.com that had it shut down Thursday morning shortly after a much heralded launch.
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Legal Online Casinos in North America
Looks like we finally have legal online casino gambling in North America, you just have to go to the northern part of North America to get it. British Columbia is looking at getting its piece of the close to $100 million that is being gambled on off shore websites by its residents. It is now the first official North American authority to offer legal online casino gambling. Thursday, B.C.
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After One Month, What Are The Effects OF UIGEA?
Well folks, it’s a done deal. After several delays and a final campaign to reverse it, UIGEA (the Unlawful Internet Gambling Enforcement Act) went into full effect on June 1st, 2010.
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California Delays Gambling Bill
State Senator Roderick Wright, Chairman of the Governmental Organization Committee, delayed a vote by his committee on his bill that will create a license and regulatory system for online gambling within the state of California. Instead of a vote on the bill, he decided to tell the committee about the progress of the bill and why California needs a bill to license and regulate online gambling.
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Atlantic City Casinos Reject Intrastate Online Gambling
Everything was looking rosy for online gambling in New Jersey after the June 3 3-1 vote by the Senate State Government, Wagering, Tourism & Historic Preservation Committee to pass Senate bill S490 with very few amendments.Now, the very casinos that would most benefit from that very law, have announced through the Casino Association of New Jersey (CANJ), their trade organization, that they do not want the bill to pass. CANJ represents all eleven Atlantic City casinos.
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New Danish Gambling Law Goes Back To European Commission
Due to complaints from land based gambling companies, the new Danish gambling law is headed back to the European Commission for further review.The complaint from the land based gambling companies is that the tax provisions of the new law are unfair.This comes following reports that Danske Spil, the former state online gambling monopoly, would have to abandon it’s online poker b2b deal with the world’s leading listed online gaming company, Party gaming.
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Could Intrastate Gambling Be Coming?
Several states in the US have initiatives before their legislative bodies to allow intrastate gambling within the borders of their respective states. The states with lotteries may hold an edge in that department.
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Calls For Change in EU Gambling Laws
A very loud call has been made for the overhaul of the EU gambling laws after the EU Court of Justice (ECJ) ruled in a case that the Netherlands could block a bookmaker and a betting exchange from offering bets to Dutch citizens.
