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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Gambling News
Online Poker in France Challenged by Malta
The French law that would impose a 7.5 percent tax on online sports and horseracing wagers and a 2 percent levy on poker bets has met a last minute snag with the regulation on online poker in the form of a complaint filed by Malta. -
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New Jersey Senate Committee Approves Online Gambling Via Atlantic City Casinos
The New Jersey Senate today took a stand to become the first state in the country to allow internet gambling within the state boundaries.
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France to Award 30 Licenses for Online Gambling
Today the government of France approved a new online gambling bill. The bill passed the French parliament by a narrow 299-233 vote. The French will grant only 30 licenses to operate online casinos and poker rooms within its borders.
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California Voting Today on Legalizing Online Poker
California is in a financial bind. It is staring in the face of a $19 billion budget shortfall by the end of this fiscal year (2011).
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UIGEA Set To Go Into Effect Tuesday
UIGEA, the Unlawful Internet gambling Enforcement Act, goes into effect on Tuesday, leaving many players wondering just how it will affect the way they gamble online.UIGEA was passed back in 2006, and since then, many lawmakers have been learned much about internet gambling and have changed their stance concerning UIGEA.Under UIGEA’s provisions, the banks are charged with policing internet gambling.
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UIGEA Law Takes Effect June 1st: What it Means to Online Poker and Casino Deposits
Just how this is going to affect everyone that plays online is still in question. The Bankers say that they do not know how they are going to implement this law, since it is so unclear and will take away the privacy from their customers. We will have to wait and see just what does happen when this law goes into effect. ORLANDO, FL, May 27, 2010 /24-7PressRelease/ — The Unlawful Internet Gambling Enforcement Act looks to be on track to go into full effect on June 1, 2010.
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Neteller’s Name Used In Phishing Scam
One of the oldest and most respected online payment services companies in the online gaming industry, has been used by persons unknown for a phishing scam. Someone has tried to use Neteller’s name on the internet to phish out sensitive information on unsuspecting victims.Before 2006 and UIGEA, Neteller was one of the premier payment services companies servicing the American online gaming industry.
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The Great Debate: How To Tax Online Casinos?
If nothing else, the debate over whether or not to regulating online gambling, has a new, somewhat hurried, question. That question has changed from “do we really want this?” to “how can we best do this and get the greatest windfall?”. To get there from here is going to be testy. On Wednesday, the House Ways and Means Committee heard evidence, pro and con, on how to raise money from online gambling.
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US Land Based Casinos and Foreign Online Casino Operators Getting Friendly?
Foreign online casino operators, the historic enemy of the US land based casinos, are getting all friendly like towards the US casinos. The new turn of attitudes is likely based on the billions of dollars up for grabs if and when the US legalizes and regulates online gambling.
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House Committee Hears Tax Proposal on Online Gambling
The House Ways and Means Committee held a hearing today on the tax proposals related to Internet gambling. According to Ways & Means Committee Chairman Sander Levin (D-MI), this was not a hearing about the legality of online gambling but, “We meet today to explore the tax implication and proposals to legalize internet gambling.
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Microgaming Coming to State Lotteries through Betware
An agreement has been reached between Betware and Microgaming where as Betware will now be licensed to sell and market the Microgaming online casino games to lotteries at both the state and national level. Betware is a gaming and solution services vendor that started in 1996 and based in Iceland. It also has established regional offices in Denmark, Spain, Poland and Canada. The company boasts on its website it is “all a lottery or gaming company needs”.
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Congress To Alter US Online Gambling Laws?
On Wednesday, the House Ways and Means Committee will hear a proposal from Rep. Jim McDermott. His proposed legislation sets up a system to tax internet gambling.
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PPA Again Petitions To Have Poker Exempted From UIGEA
John Pappas, Executive Director of the Poker Players Alliance (PPA), has once again petitioned Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke in an effort to have poker exempted from UIGEA’s oversight. The petition is also signed by 22 members of Congress.
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Poker Player Alliance to Rally in Olympia
Lee Rousso, the Poker Players Alliance Washington State’s Director is trying to overturn a Washington State law that makes playing online poker a Class C felony; a Class C felony is equivalent to child pornography and heroin possession.
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Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.
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Party Gaming Opens Offices in Los Angeles
For U.S. online poker players that remember the days when PartyPoker was the biggest online poker site, there may be a glimmer of light at the end of the tunnel. Party Gaming released its Q1 report last week showing gains in revenue of 27% and Chief Executive Jim Ryan said of the U.S. market,“We are seeing increased momentum towards regulating online poker. It’s possible that it could happen this year and we’re prepared if it does.”Party Gaming which dominated the U.S.
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Beverly Man Charged With Violating UIGEA
The United States justice Dept. today announced that Todd Lyons, of Beverly, MA, was charged with 36 counts of racketeering and related charges, for running an illegal gambling business in the United States but with the internet site in Antigua. Lyons is one of the first persons charged with violating the Unlawful Internet Gambling Enforcement Act (UIGEA).
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No More Online Gambling Barriers in Italy
Online gambling in Italy will now be less restrictive according to an announcement made by the European Commission. Before today, The Italian Olympic Committee (CONI) and the National Horse Breeders Enhancement Society (UNIRE) had the exclusive rights to sports betting and organizing online gambling. This meant not only could other European gambling operators not offer their services in Italy but even their websites were effectively blocked.
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Daniel Tzvetkoff Indicted By Grand Jury
Brisbane businessman Daniel Tzvetkoff, former CEO of gambling funds processor Intabill Inc., has been indicted by a federal grand jury. He now faces up to 75 years in prison and over $500 million in fines if convicted.
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Canada Pushing Legal Online Gambling
It seems like Canada is considering taking steps to get there part on the $30 billion global online gambling market. Though gambling online is legal in Canada, operating a gambling site in that country is not. Meeting at the Canadian Gaming Summit in Calgary this week, online gambling officials, including John FitzGerald, president of the Interactive Gaming Council are calling for a change.
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Banker Weighs In On UIGEA
Steve Kenneally, Vice President of the American Bankers Association, recently gave an interview where he spoke out against UIGEA. In the interview, he called the law ineffective and a costly piece of legislation. He stated that the banks will be able to enforce the law in most cases, but it will take time to implement. He went on to state that there are certain types of transactions that the banks will not be able to stop. One example would be wire transfers.
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Does Senator Harry Reid Want Online Gambling?
Rumor control has it that Senator Harry Reid (D-Nevada) is interested in presenting legislation to the U.S. Senate which would legalize online poker, and online poker only. These rumors, which have been around for a while now, have been picking up speed and momentum as of late.Reid represents the State of Nevada, which of course is the home state of Las Vegas, the gambling capitol of the U.S. As such, he has always been very protective of the great casinos there.
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Daniel Tzvetkoff Turned In By Online Poker Houses
Daniel Tzvetkoff traveled from Brisbane to Las Vegas for a ten day internet billing conference. He was arrested by U.S. authorities on Friday, charged with money laundering, money laundering conspiracy, gambling conspiracy and bank fraud conspiracy. If convicted on all charges, he faces up to 75 years in U.S. prisons.He will have a bail hearing on Wednesday. We will let you know how that goes.The U.S.
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Online Gambling Amendment Approved by Massachusetts House
Well give this state a BIG hand!!! Finally one that has come to their senses. Maybe this will lead to more and more doing the same. We can only hope! If we continue to let them know what we want and that is “our Rights”, it will change things. Hot off the press!! 14 April 2010 WASHINGTON, D.C.
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S.C. Set To Legalize Social Gambling
South Carolina is poised to repeal an 1802 law which made illegal any game using dice or cards. If enforced literally, it would make illegal many common family type games. House Majority Leader Kenny Bingham, stated: “When you can’t play Monopoly and Yahtzee, that’s a problem.
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US Gambling Takes Two Small Steps Forward
The last couple of weeks has seen the online gambling community take several setbacks on the chin. But the latest news is looking rosy for the online gamers. The first is that Rep. Barney Frank’s two bills, HR2266 and HR2267, are going to be heard in legislative hearings before the House Committee on Financial Services on April 16th. HR2266 is seeking to postpone implementation of the provisions of UIGEA for one year.
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Not All Credit Card Abuse Is Gambling
Not all credit card abuse is gambling. A woman’s 12 year old son ran up a total of more than £900 in bills using his savings account and her credit card on, of all things, Face Book’s Farmville game. The tab on her credit card eventually ended up being £625.
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Online Gambling Bills To Be Heard Next Week
Rep. Barney Frank’s hard work is about to pay off. His online gambling bills, the Reasonable Prudence in Regulation Act (HR2266) and Internet Gambling Regulation, Consumer Protection and Enforcement Act (HR 2267), are to be heard by the House Committee on Financial Services on April 16. With the provisions of UIGEA set to be enforced starting June 1st, and no more extensions expected, it is a bit of good news for online gambling.
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New Online Gambling Laws Proposed for Massachusetts and New Hampshire
A new law proposed in the Massachusetts legislature, would allow more land based casinos while criminalizing online gambling and internet poker. The main reason for the bill is to get two new land based casinos licensed, at a cost of $100 million each. Also included in the bill are four new slot machine licenses worth $15 million each.Apparently, the writer of the bill wanted no ambiguity about it’s intent.
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Colorado Woman Thought She Won $42 Million
The Fortune Valley Casino in Central City, CO is the place where dreams can come true and life can become a fairytale. At least that’s what Louis Chavez of Denver, CO, thought until she hit the lucky one on that slot machine she was playing.
