Gambling News
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The US Could Lose To the WTO and Antigua In It's Stand Against Online Gambling
Financial Post Part of the Canada.com Network Sallie James, Financial Post Thursday, April 26, 2007 ‘On March 30, a World Trade Organization tribunal handed down a potentially significant finding against U.S. restrictions on Internet gambling. -
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40 Million Users Gambling Online and Could Quadruple By 2020
Silicon Republic Online gambling set to quadruple by 2020 26.04.2007 – Online gambling to date has netted 40 million users worldwide and looks set to quadruple by 2020, according to Irish research company iReach.
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Representative Barney Frank Introduces The IGREA
April 26, 2007 Breaking News – Representative Barney Frank today introduced the Internet Gambling Regulation and Enforcement Act of 2007. This act would create an exemption to the ban on online gambling for properly licensed operators, allowing Americans to lawfully bet online as reported by Gambling911The IGREA establishes a federal regulatory and enforcement framework to license companies allowing them to accept bets and wagers online from individuals in the U.S.
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Germany to Liberalise Sportsbetting Market
Gaming Intelligence Group 20 April 2007 The budget and financial speakers of the Christian Democratic Union and the Christian Social Union agreed this week at a meeting in Stuttgart to propose abolishing the state monopoly on sports betting, and to allow the lottery market to continue unchanged under the terms of the 2004 State Treaty. The terms of a liberalised sports betting market are to be drawn up in a separate State Treaty.
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Chinese Political Prisoner Sues Yahoo! For Providing Info
Times Online - Rhys Blakely A Chinese political prisoner sued Yahoo! in a US federal court, accusing the internet company of helping the Chinese government torture him by providing information that led to his arrest. The suit, filed under the Alien Tort Claims Act and the Torture Victims Protection Act, is believed to be the first of its kind made against an American internet company.
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Congressman Frank Feels Support Against Online Gambling Ban Growing
Las Vegas Review-Journal By TONY BATT Apr. 19, 2007 WASHINGTON — Although there may not be much support in Congress for Internet gambling, Rep. Barney Frank says resistance is growing against a ban passed late last year. “I think a lot of members of Congress voted for that (ban) without having given it a lot of attention,” Frank said Wednesday. “And I think that there is growing opposition to it,” he said.
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South Africa Works To Control Online Gambling By Legalization
An article in The Herald (www.theherald.co.za) discussed the legalization of online gambling in South Africa. According to the article, the attitude of the South African government is ‘if you can’t beat them join them… or at least regulate them’ . ‘Them’ in this case is the online gambling industry. After watching the U.S.
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YouTeller Launch Postponed After Legal Problems With Neteller
NewswireToday London, United Kingdom, 04/19/2007 London-based technology company not interested in NETeller takeover. After facing legal problems with NETeller Plc. Seed Capital Ltd. decided to delay the launch of their new payment processor YouTeller.com. “It is in everyone’s interest that YouTeller will not be confused with NETeller,” said Seed Capital spokesman Florian Schweitzer.
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Neteller Co-Founders Date With DOJ Recheduled For May 16, 2007
John Lefebvre and Stephen Lawrence, co-founders of Neteller and reluctant guests of the state of New York for the last 3 months have agreed to yet another continuance with the US DOJ. Judge Moss granted the continuance in the interests of Justice and the case has been rescheduled for May 16, 2007. Lefebvre and Lawrence were arrested on January 15, 2007 Founders Of Neteller Arrested On Both Coasts Of U.S.
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Online Gambling Ban Criminalizes America's Favorite Pastime
Bloomberg By Ann Woolner April 13 (Bloomberg) — As friends whom I shall not name gathered Saturday night at an undisclosed location, I looked around the table and realized it was surrounded by criminals. The evidence was everywhere. The cards, the poker chips, the bowl of money that served as the bank showed these solid citizens to be lawbreakers.
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Internet Gambling Campaign Launched To Repeal UIGEA
Casino Gambling Web has started a campaign labeled ‘Outcry’ which includes phone calls, letters and emails to members of congress denouncing UIGEA and asking for repeal of the unpopular legislation. According to their website “Congressman Barney Frank has said he will strongly support a repeal of what he calls ‘the stupidest law’ in the history of the United States if the public outcry for a repeal is loud enough.
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Congressman Frank Will Introduce Bill In Next 2 Weeks To Repeal Internet Gambling Ban
REUTERS Thu Apr 12, 2007 11:34AM EDT By Huw Jones BRUSSELS (Reuters) – A bill to end a ban imposed last year on online gambling in the United States will be presented within two weeks but will likely need time to garner support, U.S. Rep. Barney Frank said on Thursday. Internet gambling in the United States was effectively banned last October when President George W.
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LA Times Urges US To Repeal Online Gambling Ban
Los Angeles Times Sunday, April 8, 2007 ANTIGUA AND BARBUDA, former British colonies on the eastern edge of the Caribbean Sea, are smaller than Los Angeles and less populous than Burbank. Yet they may be able to force the world’s most powerful government to change its gambling laws. Not since 1960 has it been legal under federal law to place or take bets on sports using interstate or international phone lines.
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EC Requests Member States To Amend Gambling Laws
CZECH BUSINESS By: Judit Zegnál, 02. 04.
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Gambling Lobbies Spend Millions Annually
USA TODAY By Diana Marrero, Gannett News Service WASHINGTON — Casinos, Indian tribes and other groups spent millions lobbying Congress last year as lawmakers considered bills to ban wagering online and off Indian reservations… The $25 million the gaming industry spent on lobbying in 2006 was a slight increase over the previous year’s total, but down from the $28.
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WTO Official Ruling: US Internet Gambling Ban Illegal
BloombergBy Warren Giles March 30 (Bloomberg) — The U.S. ban on offshore Internet gambling payments is illegal, the World Trade Organization said today, upholding a previous decision that allowed for possible sanctions… Antigua and Barbuda, a Caribbean nation of 80,000 people, has challenged Bush administration efforts to close the estimated $12 billion global business to U.S. residents, who account for half of the market. The U.S.
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Online Gambling Prohibition Results in Offshore Gambling Boom
Information Week By Alice LaPlante March 29, 2007 04:00 AM Far from slowing its growth, a government crackdown on online gambling has sent many sites offshore, and many others underground. But it’s a good bet that Internet poker will remain a booming industry. “…But not everyone was so easily spooked. A large numbers of online gambling companies chose to keep their casinos open. Although now operating illegally according to U.S.
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Walmart Provides Poker Players An Alternative To Unsafe Payment Processors
The Register Thursday 29th March 2007 House of Cards The online payment processing industry took it in the chops again this week, as the Electronic Clearinghouse, Inc (ECHO) settled with the US government over allegations that it profited from online gaming transactions by supplying Neteller with payment processing services prior to the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) last October.
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UK House of Lords Deals Joker To Online Gaming Plans
Telegraph By Harry Wallop Last Updated: 1:22am BST 30/03/2007 The casino industry never had a particularly high opinion of the Government but, after the events of the past 10 days, Labour ministers are being viewed with as much relish as a card-counter at a blackjack table. “The UK is the laughing stock of the world, it really is,” said one senior casino executive.
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Deal With DOJ Means No Charges Against ECH Payment Processor
REUTERS March 28, 2007 U.S. prosecutors said on Wednesday they had reached an agreement to not file charges against payment processor Electronic Clearing House Inc. (ECHO.O: Quote, Profile , Research), saying the company is cooperating with the government’s probe into Internet gambling. The company was involved in the transfer of money on behalf of online payment services known as “e-wallets,” which mostly handled illegal transactions with online gambling Web sites, the U.S.
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Online Gambling Shoots Down ECHO / Intuit Deal
DIGITAL TRANSACTIONS (March 27, 2007) Merchant processor Electronic Clearing House Inc. and accounting-software giant Intuit Inc. on Tuesday announced that their planned $142 million merger is off. ECHO chairman and chief executive Joel M.
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Sportingbet to Move Online Gambling Operation to Channel Islands
Ledger-Enquirer Wed, Mar. 28, 2007 Associated Press LONDON – Online gambling company Sportingbet PLC, forced to quit the U.S. after lawmakers effectively made the business illegal, said Wednesday it will transfer the group’s operations to the Channel Islands. The company said it is making the move offshore because there remains uncertainty surrounding the precise operational requirements of the 2005 U.K. Gambling Act.
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Neteller Halts Service to Canadian and Turkish Online Gambling Market
GamingIntelligenceGroup March 26, 2007 NETeller Plc, the British online money transfer business, today announced that it was withdrawing its payment services to online gaming sites for Canadian and Turkish customers. The move is in response to recent regulatory developments surrounding online gaming in Canada and Turkey, which have significantly increased the risk to the Groups ongoing business in those markets.
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EU Tells Germany To Rethink Plans To Ban Online Gambling
REUTERS Fri Mar 23, 2007 12:54 PM BST20 By Huw Jones BRUSSELS, March 23 (Reuters) – German regions have been told by the European Commission to rethink plans to ban online gambling or face possible legal action, an official at the EU’s executive arm said on Friday. It is the latest clash between Brussels and European Union countries over the betting industry, which is restricted to state-owned monopolies in some EU member countries.
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15% RTG Tax Hurts UK Aspiration To Lead In Online Gambling
eGamingReview reported the Remote Gaming Association (RGA) has expressed disappointment at the 15% rate which the UK chancellor Gordon Brown has set for the new remote gaming tax. The remote gaming tax rate has been set at the same rate as gross profits tax payable by UK-based bookmakers. John Coates, RGA chairman, said the 15% rate means the UK government has “effectively turned its back on the industry”.
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Neteller Funds Seized By DOJ May Be Released Within Next 75 Days
REUTERS UK Wed Mar 21, 2007 9:40 AM BST137 LONDON, March 21 (Reuters) – British payment processor NETeller (NLR.L: Quote, Profile , Research) said on Wednesday it expected to announce a plan to distribute funds seized by U.S. prosecutors to its U.S. customers within the next 75 days. NETeller quit the United States in January, abandoning 65 percent of its business, after authorities there arrested its two founders in a crackdown on online gaming. A month later, NETeller said U.S.
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Frank Promises Details On Repeal Of Online Gambling Ban
REUTERS WASHINGTON (Reuters) – Rep. Barney Frank said on Thursday he will give details in the coming weeks on possible legislation to repeal a ban imposed last year on online gambling. In an interview, the chairman of the House of Representatives Financial Services Committee said he is in no hurry and plans to consult with others on the matter. “I’m not ready to give you more details, but I will be by next week or so. We’ll talk more about it later.
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Barney Frank Works On Legislation To Repeal Unlawful Internet Gambling Enforcement Act
eGaming Review The office of US Congressman Barney Frank, who is chairman of the House financial services committee, has confirmed that he is currently working on legislation to repeal the Unlawful Internet Gambling Enforcement Act. The news item appeared this afternoon on the Financial Times website and has been confirmed to eGaming Review by Frank’s press department.
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Speculation On Dropped Charges For Neteller Founders Fuels Online Gaming Stock Rise
UK online gambling stock rose earlier this month amid speculation that US Congressman Barney Frank was going to introduce legislation calling for a review of UIGEA.
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Online Gambling Sites Work Around UIGEA
San Francisco Chronicle Tom Somach, Special to The Chronicle Monday, March 12, 2007 Thinking of going online and wagering on a few games in the upcoming NCAA basketball tournament? Uncle Sam doesn’t want you to, but he’s having trouble stopping anyone. The government’s latest effort to get Americans to stop gambling via the Internet has been largely ineffective, according to the online gambling industry.
