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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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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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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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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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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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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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.
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David Carruthers, Ex CEO of BoS Prepares For Battle
There’s a great article at Covers.com that discusses the battle David Carruthers, ex CEO of BetOnSports, is preparing for in a US court of law. Games and Casino reported earlier this week that Carruthers had sent a letter to BoS advisors and politicians asking the UK for help. “…Carruthers is the former CEO of U.K.-based sportsbook, BetonSports.com.
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David Carruthers, BoS Ex-Boss, Asks UK For Help
Just in from eGaming Review are reports that “David Carruthers, ex-chief executive of BetonSports, has sent a letter asking for individuals at the company’s former advisers to lobby the UK government, the EU and UK and European Members of Parliament on his behalf as part of his attempts to use the recent WTO decision as part of his defence.
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New Google Program Compiles Psych Profile of Online Players
Google has submitted a patent request (US and Europe) for a new program that compiles psych profiles of online ‘gamers’. The thought behind the program is that a player’s in-game behavior provides insight into that player’s personality type. Traits like honest or dishonest, passive or aggressive and includes their personal preferences.
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Bwin Betting On Czech Gamling Increasing
Czech Business carried an interview with Bwin Interactive regarding the Czech government’s stance on online gaming and Bwin’s successful European operations. “Foreign online gambling companies are betting they’re onto a Czech business jackpot because government officials will never be able to stop their Internet activities run from abroad.
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Former Senator Calls For Regulation Of Online Poker
Poker Players Alliance recently hired Alphonse D’Amato to act as their spokesman for the PPA. In an article by former Senator D’Amato and carried by the Boston Herald, he discusses government’s biggest blunders, self-serving politicians and outrageous legislation; all of which apply to the UIGEA. “Perhaps the biggest government blunders in U.S.
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Petition To Repeal UIGEA Has A New Goal
CasinoGamblingWeb announced recently they have a new goal.
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DOJ Indicts 4 Companies, 7 People in Latest Online Gambling Crunch
The news out of Las Vegas, according to the Las Vegas Sun, is that charges have been brought against 7 people and 4 companies who stand accused of processing payments for illegal internet gambling. According to the indictment, the 7 defendants live in Las Vegas and 2 of the 4 companies are based out of Salt Lake City.
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Chinese Govt Raids Online Casino, $519 Million In Bets Confiscated
Shanghai Daily reported the investigation and arrest of an online casino in which 5 shareholders of the company and 11 senior members were arrested.
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E-Gold Founders Indicted for Abetting Fraud and Child Pornography
Co founders of another payment processor, E-Gold, were indicted last week for allegedly ‘allowing the service to be used by criminals engaged in financial scams and child pornography’ according to the Washington Post who reported on the indictments The indictment names the company’s co-founders — Douglas L. Jackson, of Satellite Beach, Fla., and Barry K. Downey, of Woodbine, Md., as well as Reid A. Jackson, of Melbourne, Fla.
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UK Companies Plan Grass Roots Campaign In US for Internet Gambling
UC Group and Baker Tilly believe they have the software and technology to perfectly compliment Rep. Barney Franks new legislation for internet gambling. Their product allows the user to pinpoint the age and location of bettors and detect compulsive gambling and money laundering. The software is already operating in systems around the world according to a company spokesman. the Hill reports that the 2 companies teamed up to launch the “Safe and Secure Internet Gambling Initiative”.
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Politicians Silent On US Refusal To Comply With WTO Online Gambling Ruling
On Friday, April 4, 2007, the US announced its decision to ‘modify’ the commitment made in 1993 to open U.S. markets to “recreational services.” and clarify that gambling services are not included. This unprecedented action would remove any WTO jurisdiction to online gaming and nullify Antigua’s recent WTO court victory.Response to this newest US decision, good or bad, has been reported from several countries outside the US but there has been no comments from the US political arena.
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Antigua Feels 'Deep Disappointment' Over US Actions To Nullify WTO Ruling
Antigua today expressed ‘Deep Disappointment’ over the announcement by Deputy U.S. Trade Representative John K. Veroneau who said “U.S. federal and state laws have banned interstate gambling for decades, therefore it would be nonsensical for the U.S. to make a commitment to open up interstate gambling for foreign providers when it was unlawful for U.S.
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Rep. Berkley Introduces Bill Into Congress Calling For One Year Study Of Online Gambling
More activity this week as Rep. Shelly Berkley (D-NV) yesterday introduced a bill calling for a one year study of online wagering to be conducted by the National Academy of Sciences. Las Vegas Review-Journal reported that Rep. Berkley wants to repeal the UIGEA which was rammed down lawmakers throats last year during the last minutes of session and signed into law October 13th as part of an unrelated bill.
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New Mexico Governor Favors Repeal of UIGEA
While on a campaign stop in Nevada this week Bill Richardson, Democratic presidential hopeful, said he favors repealing last year’s congressional ban on internet gambling. According to Yahoo! a reporter talked to Mr Richardson regarding his stance and relayed the following information: “I’m against shutting it down,” Richardson said in an interview with The Associated Press.
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Internet Gambling Giant 888's Hard Work Reflects Increased Profits
FinanceWeek reported yesterday that “While online gambling firm Party Gaming has warned that its performance is likely to be way below expectations as it struggles to come to terms with the loss of the US market, rival company 888 has enjoyed increased profits.
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US Sports Leauges Say No To Govt Involvement in Pro Sports but Yes To Govt Ban On Personal Rights
The sports organizations in the US, represented by lobbyists from Covington & Burling, sent a letter to the offices of Financial Services Committee members a few days ago expressing their displeasure over the possible legalization of any online sports gambling, according to a report in The Hill “A coalition of major amateur and professional sports leagues is urging members of the House Financial Services Committee to oppose legislation unveiled by Chairman Barney Frank (D-Mass.
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The Word According To Senator Kyl - UIGEA
Senator Jon Kyl authored an article carried in the National Ledger Monday regarding the repeal of the UIGEA or to be exact, why the attempt to repeal the UIGEA should and would fail. The article opens with “Last week, Arizona authorities raided four illegal online gambling rings, centered in Phoenix but operating in three states, seizing millions of dollars in cash, cars, and property.
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UK Online Casino Operators Not Involved In US Gambling Legislation
eGaming Review Refusing to support or even offer encouragement for the recently proposed online gambling legislation in the US, the Remote Gaming Association (RGA) has admitted the organization and its members were not interested in becoming “heavily involved” in the recent lobbying effort according to eGaming Review In response to accusations from sources in the US that lobbying efforts for the legislation introduced by Barney Frank were not being supported by the RGA.
