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.
Bringing awareness regarding new sites, properties, gaming software, licenses, merging, games, etc. is what we are all about.
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Gambling News
UIGEA FAILED TO MEET THE DATE TO ENFORCE THE BILL
Today marked the end of the UIGEA’s 270 day deadline to enter into action the regulations of the bill. It failed to do so. Here are some comments by one of G&C’s sources in high places: “As of 5pm est. -
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Gambling News
RGA endorses Internet Gambling Initiative:
RGA-Remote Gambling Association has announced an endorsing of the Safe and Secure Internet Gambling Initiative (SSIGI). Working to promote legalizing and regulating online gambling in the USA. In May of 2007 the SSIGI was created by two U.K. based companies in order to help strengthen the bill bought forward by Rep. Barney Frank.
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Gambling News
GAMBLING NEWS
The law may be changed where Americans were stopped from playing online. The reasons why, read below: Will the UIGEA be reversed, changed, or revised? Read below to find out our up to date details. You might be shocked at the major companies that are supporting Barney Frank and the bills presented to make this turn around. Rep. Barney Frank, D-Mass, introduced a new bill to reform the UIGEA. The bill is IGREA- Internet Gambling Regulation and Enforcement Act.
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Gambling News
Neteller co-founder Stephen Lawrence pleads guilty
Stephen Lawrence, who founded Neteller together with John David Lafebvre, pleaded guilty today to charges of criminal conspiracy. Neteller processed billions of Dollars related to internet gambling. In a court room in Manhattan , NY, Stephen Lawrence said that he acknowledged that facilitating bets with offshore bookies was illegal. He agreed to be partially accountable for the 100 Million Dollars the government wants from people who were involved in the operation.
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Gambling News
Barney Frank Gains more Co-Sponsors for his Internet Gambling Bill HR-2046
Congressman Barney Frank is still out there for the American people, by gaining sponsors to his proposed bill to bring back legalization of online gambling.
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Gambling News
Covers and USA Today have Joined Forces
All of the online sports gambling and betting that are run by large companies is sweeping the nation these days, of which we bet more companies are sure to follow, what happened to the common American’s rights to online gambling on any site in their own homes? This article should spark your interests. Sports-book ads in USA Today.com may shock many people with this statement posted on their website; “USA Today.com and Covers.
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Gambling News
Betcha’s Bold Platform stands on the Edge of Gambling
Betcha is a platform for peer to peer betting where they allow users to bet on four markets; News, Business & Finance, Arts & Entertainment and Sports. The founder, Nick Jenkins, is like many founders with a brilliant idea, and may be a little crazy to think that Betcha has no worries about two related things; it is based in Seattle, WA and all debts are on the honor system. Nick Jenkins says that Betcha is a third way to gamble and an EBay site for bets.
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Gambling News
The EU’s First Steps towards Supporting Sports-Betting Services
The European Commission is opening the door for sports-betting in countries close to home. We are hoping for the ripple effect to hit the US, where the online players can get back to a relaxing game in their own homes. Sweden and France have a request from the European Commission to amend their laws, following replies to letters of formal notice.
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Gambling News
A UIGEA Injunction Hearing, Court Date is Coming Soon
Hold off on those life boats for now.
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Gambling News
iMEGA Suit Challenges Unlawful Internet Gambling Enforcement Act (UIGEA)
The cases brought forth against the UIGEA are making more waves around the world as each week slips by. It may be time to break out the life-boats on the high seas of internet gambling until this storm blows by or internet gamblers are saved by an unseen force. With its suit challenging the UIGEA, iMEGA has made a splash in the US Circuit Court vs. Alberto Gonzales.
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Gambling News
The WTO Online Gambling Case has Seven Compensation Claims against the U.S.
From one to three, three to four and now seven countries with claims to file for compensations because there is a disagreement for online gambling, how many more countries will step forward for their claim? Only time will tell. In the ongoing WTO online gambling case between the U.S.
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Gambling News
Internet Gambling Talks between President Bush and Antigua’s Prime Minister
We can only hope that the talks between the US President and Antigua’s Prime Minister will only come out peacefully in the end, where the ban on US online gambling may eventually be lifted.
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PartyGaming Cashing In; could become an Attractive Acquisition Target
You heard it right, the chief executive at PartyGaming, Mitch Garber, as part of his planned series of share sales, has cashed in options worth more than £1.7m towards gifting the company’s employee trust a raft of shares to be awarded to employees. Party’s recent discussions with the US authorities, from an analyst’s note that was issued, could pave the way for the company to be snapped up by a US gaming or Internet giant.
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Japan and India Join in Filing WTO Complaint against U.S.
The waters are getting choppy between the East, West and the Caribbean against the U.S. banning Internet gambling to U.S. players and their U.S. funds going to other countries. Geneva-The Caribbean nation of Antigua and Barbuda, yesterday said; that for the United States’ failure to comply with a World Trade Organization ruling that it’s Internet gambling restrictions are illegal, the U.S. should face commercial sanctions worth more than 3 billion U.S.
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EU Joins Antigua in Complaint against UIGEA
How much will it take before the ban is lifted on U.S.
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Neteller Hopes To Announce Further Progress by July 13th
Well the expected announcement from Neteller regarding the release of funds from US accounts arrived and the expected details of prompt money distribution did not.
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Testimony Given To House Committee - "Online Gambling Can Be Regulated In The US"
Representative Barney Frank delivers as promised, taking the subject of online gambling to the House Committee on Financial Services last week.
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Online Gambling Arrests Impact Industry
The GIGSE or Global Interactive Gaming Summit & Expo as its formally known, is usually the online gaming industry’s biggest event, last year drawing 1800 attendees. Then came the arrests of online gambling executives while in the US and the attendance at this year’s GIGSE drew about half that amount.
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Neteller Deadline Arrives For Plan To Distribute Funds To US Customers
Way back in March, Neteller announced that it had signed an agreement with USAO and Navigant to outline terms and a timeline that Neteller would use to re-distribute the confiscated funds of its US customers. “The Group is pleased to announce that on 20 March 2007, it signed agreements with the USAO and Navigant which, among other things, outline terms and a timeline under which NETELLER will work toward the orderly distribution of funds to its US customers.
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Gambling News
Online Casino PartyGaming Volunteers Information to US Dept of Justice
Bloomberg reports that PartyGaming has been voluntarily having talks with the US Department of Justice about their activities before the UIGEA was signed last year. “…the world’s biggest Internet poker company said it has held discussions with the U.S.
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Gambling News
Will European Union Stand Against US And With Antigua In Online Gambling Battle?
June 19th marks the next in a long line of deadlines for Antigua and Barbuda in their battle against the only remaining super power on the planet. The small twin islands challenged the US stance against online gambling in a WTO court and after a 4 year battle was declared victor.
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Gambling News
Presidential Candidate Questions US Treasury Dept About UIGEA Delays
Presidential hopeful Sen.
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Betex Execs Resign Over Possible Chinese Prosecution
Following the arrest in April of three of Betex employees by China for allegedly being involved in illegal gambling, Peter Greenhill and Stuart Barker, the chief executive and finance director at Betex, resigned after failing to receive assurances from the Chinese authorities that they would not be arrested if they entered the country.
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Guilty Of Federal Racketeering Charges Says BetOnSports
According to U.S. Attorney Catherine Hanaway and in a move that stunned the online gambling sector, BetOnSports PLC pleaded guilty to federal racketeering charges.
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InterActive Gaming Council Gets New Chief
The Interactive Gaming Council (IGC), which has as one of it’s corporate missions to promote and publicize the Gaming industry’s assets has appointed John Fitzgerald as its new chief executive. eGaming Review reports that Fitzgerald, who previously worked as general counsel at CryptoLogic, said he intended to redouble in his efforts to promote international regulation of the industry and that the sector was already very active in ensuring a safe environment for its customers.
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Can Antigua Survive US Attacks On Online Gambling and Offshore Finance
Ronald Maginley, columnist for the Antigua Sun, and spokesman for Antigua Offshore Gaming Association talked about Antigua, Barbuda and the WTO in his column today (the first of two installments) detailing the current battle being fought by Antigua against the US. Most of the information is common knowledge, having been headlined throughout Antigua’s long 4 year battle against the US.
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Gambling News
Carve Outs In UIGEA Means Racetracks Can Offer Online Gambling To Non-US Citizens
Bob Evans, CEO of Churchill Downs, told a group at their business luncheon that Churchill Downs and the Kentucky Derby could be the ‘new online casinos in the future catering to non-US citizens’.Mr. Evans said his company is allowed to have an online presence because of the exemption for Internet horse wagering put in the UIGEA. He emphasized his company would be allowed to offer casino and gambling games outside of horse racing if they offered them to non-US citizens.
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Frist and Leach On 'World Bank President' List
Paul Wolfowitz, President of World Bank, announced he would resign his position by the end of June, leaving under a dark cloud that stemmed from a controversy regarding a $50,000 pay raise with a guarantee of further raises and promotions that he engineered for Shaha Ali Riza. Ms. Riza is also employed at World Bank and is and has been Wolfowitz’s girlfriend since before his assignment as President.Wolfowitz was appointed President of World Bank by President George W. Bush.
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Gambling News
Online Gambling, David Carruthers and UIGEA - Dominique Speaks Out
During a discussion on the aggressive stance David Carruthers and his legal team has undertaken in response to his arrest in connection with online gambling site BetOnSports, Games and Casino’s own Dominique expressed her views on actions, catalysts and free speech. “We sorely need injured parties like the UK to speak up. David C. has the right idea, he appeals to the various affected British channels. The EU also has a bone to pick with the US regarding this.
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Over $78 Million Neteller, Citadel and FirePay Funds Siezed By DOJ
By now most people with an interest in online gambling know about the arrest of the Neteller founders and the confiscation by the US DOJ of over $55 million of customer funds said to be in transfer through US financial institutions at the time of the arrests.
