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
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.
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New Legislation Introduced On Internet Gambling
This could mean a big difference in the passing of license and regulation internet gambling. This is from the Safe and Secure Internet Gambling Initiative! Rep.
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Gaming Lobby Open To Legalized Internet Gambling
The American Gaming Association (AGA) has released in a new policy statement that it is open to the idea of legalized internet gambling as long as the proper regulatory structure was enacted to protect consumers and the integrity of the game. However, while changing its stance on legalized internet gambling, it has still not endorsed any of the bills now before Congress.Internet gambling is estimated to be a $26 billion a year industry.AGA Chief Executive Officer Frqank fahrenkopf Jr.
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Macau May Reclaim Land From Casinos
Fernando Chui, Macau’s Chief Executive, stated in a public policy speech that the Special Administrative Region of China may take back land promised to casino operators and use it for “other development purposes”.Chui stated that the government would do everything in its power to reclaim land not being developed.
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BoDog Online Casino Gets Serious
BoDog Online Casino recently issued a press release which illustrates that BoDog is serious about growing in the online gaming community. While most online casinos add a game or two every couple of months or so, BoDog has announced that they will be adding twenty new games all at one time. BoDog, owned by Morris Mohawk gaming Group, is an American company which services players around the world.
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Race Intensifies to Legalize Sports Betting and Gambling
To the end that many states are struggling with the poor economy and are fighting to find new ways to pay for their existence and services, New Jersey passed State Resolution No. 19 on January 12, 2010.
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A Giant Step for Internet Gambling - Tax Reform Bill
Ron Wyden represents Oregon, a state where online gambling is illegal. He is coauthor of the bill. What does this mean for internet gambling? We will have to wait and see. But this is one big step! ST. LOUIS, Missouri (PRWEB) March 8, 2010 — The recent inclusion of Internet gambling regulations as provisions under a new tax reform bill in the Senate signifies an important–and necessary–step for the pro-online gambling movement in Washington, DC.
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Florida Wants Online Poker
Last Friday, Florida became the second state to file an intrastate egaming bill, when State Representative Joseph Abruzzo filed the Internet Poker Consumer Protection and revenue Generation Act of 2010. This submits plans for legal, intrastate online poker.Under provisions within UIGEA, the Unlawful Internet gambling Enforcement Act, states can authorize and regulate egaming within their borders.
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Grand Prive Controversy Continues
Recently, eCOGRA released its investigation of Grand Prive Affiliate’s Program closure.
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Virtue Fusion Purchased By Playtech
Software developer Playtech Limited has purchased the gambling platform provider Virtue Fusion Limited for an initial payment of £29 million. This amount will be subject to a set of agreed working capital adjustments. There will also be an additional payment of up to £7 million in the first quarter of 2011 based on the performance of Virtue Fusion during 2010.Virtue Fusion was founded in 1999 and has a peak player base of more than 6000 players.
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eCOGRA's Investigation of the Grand Prive Affiliate Program Report
This breaking news!!! 15 February 2010 – Following a number of Internet-based allegations concerning the closure of the Grand Privé Affiliate Program (‘the Program’) on 1 December 2008, eCOGRA’s Compliance and Advisory Services department was engaged by the management of the company on 17 November 2009.
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New Jersey State Senate Committee Approves Sports Wagering
On Monday, the New Jersey State Senate Committee on Government, Wagering, Tourism and Historic Preservation, approved a bill sponsored by Raymond Lesniak, calling for a referendum on sports wagering. The bill passed by a 4 – 0 margin.
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Are Terrorists Laundering Money Through Online Casinos?
UIGEA was first passed in 2006, after being snuck into the Safe Ports Act, with the supposed purpose of stopping terrorists from moving funds around by use of online casinos.
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Internet Gambling Proponents Gear Up For Battle
Fueled by millions of dollars from overseas gambling companies, and encouraged by the Obama administration’s delay in the enforcement of UIGEA, poker lobbyists are gearing up to for an all out fight to legalize internet gambling in the United States this year. Spearheaded by Rep.
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Gambling Lobbyists Working Overtime
BolaVerde Media Group (BVMG) recently released a new Internet Gambling Federal Lobbying report which estimates that $3.65 million was spent lobbying the U.S. government over online gambling during the third quarter of 2009. This was from both supporters and opponents.
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iMEGA Testifies Before NJ Gaming and Tourism Committee
A bill was introduced earlier this month by New Jersey State Senator Raymond Lesniak which would regulate and legalize intrastate internet gambling. The bill specifically mentions online poker.
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New Casino Software Displayed at IGE-ICEi
The recent IGE-ICEi trade exhibition in London was the background for several casino software providers to showcase their new goods. Buyers, as well as players, will have a lot to look forward to this year.IGT subsidiary WagerWorks, showcased it’s newly released dual online and land casino slot game Monty’s Millions. Also shown was a soon to be released slot game named Kitty Litter.
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Gambling Debate Holds up Treasury Appointments
The fight is on in Washington D.C. four Presidential appointments for Treasury Dept.
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PartyGaming Admits to Merger Talks
After much speculation, PartyGaming, the online poker company, has admitted to being in talks with Bwin, a rival Austrian sports betting company, about a possible merger. Such a merger could be worth more than L2 billion.
