Gambling News
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ONLINE GAMBLING AND ITS ENTITIES ENTERS THE PROHIBITION ERA
INTERACTIVE GAMING NEWS by Chris Krafcik H.R. 4411 – David Carruthers – Money laundering – Aiding and abetting – United States Congress – Bill Frist – Unlawful Internet Gambling Enforcement Act of 2006 – Prohibition – Exodus These and other words and expressions have permeated the idiom shared by the I-gaming industry, serving as palpable reminders of long-standing legal battles and financial woe, of furtive politics and changing interests. -
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Will Online Gambling Legislation Turn Out To Be A Bad Bet for Republicans?
FOX NEWS Monday, October 23, 2006 By Radley Balko LONDON — In the wee hours of the last night of the last session of Congress, Majority Leader Bill Frist attached a ban on Internet gambling to a port security bill. It was a dubious maneuver, which not only prevented any real floor debate over the ban, but also attached an intrusive, unnecessary, big government measure to a bill that addressed important national security concerns.
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GAMBLING LEGISLATION TO AFFECT ECHO's BOTTOM LINE
PACIFIC COAST BUSINESS TIMES Bill Lascher Staff Writer 10/20/06 Fallout from legislation targeting Internet gambling has landed in Ventura County. Camarillo-based Electronic Clearing House Inc., or ECHO, announced that its annual report for the fiscal year ended Sept. 30 would look different after the Unlawful Internet Gambling Enforcement Act of 2006 was signed by President George W. Bush Oct. 13.
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ONLINE GAMBLERS HEAD STRAIGHT FOR LOOPHOLES IN NEW GAMING LEGISLATION
THE CAPITAL TIMES by Ben Popper Correspondent for The Capital Times The stakes aren’t particularly high at Tuesday night’s Intramural Texas Hold ‘em tournament at the SERF on West Dayton Street, where 25 players are competing for a grand prize of one T-shirt and the pleasure of a skilled game.
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ANTI-GAMBLING LAW COULD BE SCRAPPED SAYS PARTYGAMING BOSS
GUARDIAN UNLIMITED Simon Bowers Friday October 20, 2006 PartyGaming chief executive Mitch Garber has said he thinks there is a 50% chance of new prohibitionist US legislation which outlaws online gambling being scrapped within three years should the balance of power in Washington drift away from the Republicans.
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ONLINE GAMBLING HEADS UNDERGROUND
BusinessWeek Online By Catherine Holahan Updated: 12:00 a.m. ET Oct 19, 2006 It was getting late on Oct. 12, the night before a sweeping anti-Internet gambling bill would be signed into law. Paul McGuire was at his computer, enjoying one last hurrah on PartyPoker, a site that had pledged to kick off all U.S. users as soon as the law left President Bush’s desk.
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INTERNET POKER BAN USHERS IN NEW ERA OF SOUR FEELINGS
MySA – MySanAntonio.com Web Posted: 10/18/2006 11:05 PM CDT San Antonio Express-News Well, that certainly didn’t take long. President Bush was quick to sign the Unlawful Internet Gambling Enforcement Act last Friday — legislation loosely tied on to the broader Port Security Act — sending the online poker community into a tailspin. The signing of the legislation was marked as a triumph for the security of the country.
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The G.O.P.’s Bad Bet
THE NEW YORK TIMES By CHARLES MURRAY Published: October 19, 2006 LAST week President Bush signed a law that will try to impede online gambling by prohibiting American banks from transferring money to gambling sites.
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NETELLER WILL COMPLY WITH US REGULATIONS ONCE DETERMINED BY US FEDERAL RESERVE SYSTEM
19 October 2006 NETELLER PLCUpdate on US positionFurther to the Company’s announcement on 12 October 2006, NETELLER Plc today announced the following update in the light of the action on 13 October 2006 by US President George W Bush to approve and sign into law the SAFE Port Act incorporating the Unlawful Internet Gambling Enforcement Act of 2006 (“UIGEA” or the “Act”) which includes certain provisions to prohibit “unlawful internet gambling” by restricting gambling sites from acce...
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ONTARIO TO INTRODUCE LEGISLATION TO END ONLINE GAMBLING
NATIONAL POST Peter Nowak – Thursday, October 19, 2006 Ontario is looking to quash Internet gambling by introducing a bill today that will ban such Web sites from advertising, a move legal experts say oversteps the province’s authority. Gerry Phillips, Minister of Government Services, will table a bill of amendments to Ontario’s Consumer Protection Act, including a section aimed at banning media organizations from running ads by gambling Web sites.
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BLACK MARKET ON THE CARDS FOR ONLINE GAMBLING INDUSTRY?
e-consultancy Posted 13:24 19 Oct 2006 by Richard Maven Sportingbet has warned that the US is encouraging the creation of a black market through its online betting ban, after announcing it is taking a hit of £210m on the sale of its business Stateside. Announcing its annual results this morning, the UK-based firm said its profits had risen by 75% to £71.
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US PLAYERS AT CASINOMEISTER BUT NO CASINOS THAT TAKE US PLAYERS
iGAMING BUSINESS16 October 2006 Casinomeister says the new U.S. legal climate presents ‘definite risks’ One of the longest established and most successful information portals in the online gambling industry, Casinomeister has reluctantly decided to discontinue promoting online operations that accept U.S. bets. The portalmaster, Bryan Bailey says that the move is a consequence of the new Unlawful Internet Gambling Enforcement Act which attacks U.S.
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Same Song, Second Verse - Prohibition II: Good Grief
MSNBC – Newsweek By George F. Will Newsweek Oct. 23, 2006 issue – Perhaps Prohibition II is being launched because Prohibition I worked so well at getting rid of gin. Or maybe the point is to reassure social conservatives that Republicans remain resolved to purify Americans’ behavior.
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Online Gambling top gaining category before Bill passed
EGAMEPULSE (www.egamepulse.com) Tuesday, October 17. 2006 Ironically, just prior to the landmark legislation passed by Congress in early October to stem gambling over the Internet, Online Gambling was the top gaining category in September, posting a 17-percent gain versus August. Leading the category was embattled PartyGaming with 10.9 million U.S. visitors, a 75-percent increase, followed by SportingBet PLC, the second-biggest gaining Web property during the month with 5.4 million U.S.
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BETONSPORTS STRIKES DEAL WITH US DOJ, CARRUTHERS NOT MENTIONED
ANTIGUA SUN Wednesday October 18 2006 by Patricia Campbell The civil case against Internet gambling company BetonSports is approaching a resolution, but criminal charges against former Chief Executive Officer David Carruthers and a number of other principals in the company still stand.
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ANTIGUA MEETS WITH WTO AND 3RD PARTY EU, JAPAN AND CHINA
GAMBLING911Gambling911.com News Wire Originally published October 18, 2006 8:55 am ET Antigua and Barbuda’s delegation to the World Trade Organisation (WTO), led by Ambassador Dr John Ashe and included Mark Mendel, Legal Adviser, and Elliott Paige, Minister Counselor, OECS Technical Mission to the WTO held consultations in Geneva on Tuesday with representatives from the European Commission, Japan and China, which are third Parties to its Internet gaming case against the United States.
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CONGRESSWOMAN BERKLEY SLAMS ONLINE GAMBLING LEGISLATION AS 'RIDICULOUS ABUSE OF POWER'
CASINOS.CH 18/10/06 Shelley Berkley of Las Vegas Calls Move a ‘Ridiculous Abuse of Power’ When a federal act to protect the nation’s ports came in front of Congress at the end of last month, only two members voted against it.
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LAWYERS SAY A TENTATIVE DEAL WAS STRUCK BETWEEN BETONSPORTS AND DOJ
By Andrew Harris and Benjamin Israel Oct. 16 (Bloomberg) — Betonsports Plc., the British Internet bookmaker indicted in the U.S. for illegal gambling, has reached a preliminary deal with prosecutors to end a civil suit seeking to ban the company from doing business in the U.S. U.S. District Judge Carol Jackson in St. Louis granted the parties one week to complete what Assistant U.S.
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LASSETERS HALTS SERVICE TO US ONLINE GAMBLERS
THE AUSTRALIAN October 16, 2006 ONLINE casino operator Lasseters Corp Ltd has halted services to the US following legislation introduced there making it illegal to accept online bets from US-based players. Lasseters said the Unlawful Internet Gambling Enforcement Act would eliminate about half of the world’s estimated $US10 billion ($13.34 billion) online gaming industry.
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US CASINOS HEAD FOR THE ISLANDS TO AVOID US BAN
TORONTO STAR Oct. 13, 2006. 01:00 AM PETE HARRISON REUTERS NEWS AGENCY LONDON—A looming U.S. ban on Internet gambling is already scaring off London-listed operators, but the industry will continue to thrive in the hands of private operators in locations like Costa Rica, Antigua and Curacao. The fear of extradition to the United States has forced executives in the United Kingdom to turn away from their most lucrative market, some selling their U.S.
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ONLINE GAMBLING SITES CONTINUE TO ADVERTISE IN SPITE OF CRACKDOWN
NEWSDAY.COM By DAVID B.
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THE SKY ISNT FALLING FOR ONLINE GAMING
Article carried at WINNER ONLINE (WOL) by Karl Yu, Winneronline 12 October, 2006 You can relax Chicken Little, contrary to reports, the sky isn’t falling. When news broke that the United States had made an addendum to the Safe Port Act that would limit online gambling, no doubt, poker players considered running to the hills.
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DON'T BET ON BAN ENDING INTERNET GAMBLING
MSNBC Will ban end Internet gambling? Don’t bet on it Bill may win political points, but $12 billion industry can work around it By Mike Brunker Reporter MSNBC It took Congress more than a decade to pass a ban on Internet gambling.
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GAMBLING LEGISLATION IN VIOLATION OF 'READ THE BILLS' ACT?
FREE MARKET NEWS NETWORK WHAT CONGRESS INSERTED Monday, October 09, 2006 Congress passed a lot of legislation at the last minute before adjourning. We highly doubt they read any of it. There was no waiting period to give them time to read the bills, even if they had wanted to know what they were passing. Bad stuff was inserted and combined with completely unrelated material. Most in Congress had no idea what they were voting for, and we are only just now learning the details of much of it.
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PartyGaming Drops Out of FTSE 100
iGAMING BUSINESS 11-10-06 Online gaming group PartyGaming has lost its coveted place in the FTSE 100 index following the collapse of its shares during a horrific fortnight for the Internet gambling industry, which has seen company after company pulling out of the US market.
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ONLINE GAMING IN CRISIS
ISLE OF MAN TODAY SHARES in the Island’s listed online gaming companies plummeted last week amid fears that a clampdown in the US could destroy the industry.
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Leisure & Gaming Going Private
REUTERS LONDON, Oct 11 (Reuters) – The U.S.-focused gambling operations of Britain’s Leisure & Gaming (LNG.L: Quote, Profile, Research) are likely to be taken private and continue operating after online gambling is banned there, a source close to the company said on Wednesday. Leisure & Gaming said on Tuesday it would block U.S. gamblers from its sites, and was in preliminary talks to sell its U.S.
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eCOGRA STRESSES ONLINE GAMBLING PLAYER PROTECTION MORE ESSENTIAL THAN EVER
eCOGRA URGES ITS SEALHOLDERS TO CONTINUE TO ACT RESPONSIBLY LONDON, October 11, 2006 The non-profit online gambling standards and player protection body eCOGRA (eCommerce and Online Gambling Regulation and Assurance) www.ecogra.org has reiterated the critical importance of consistent and monitored standards for professional online casino and poker room operations to ensure players receive a fair gaming experience and good customer service all backed up by a strong dispute mediation service.
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INTERNET GAMBLING LAW "CONTRADICTORY AND INEFFECTIVE"
THE KANSAS CITY STAR By RICK ALM – Columnist In the closing moments before it adjourned for its biennial reckoning with voters, Congress hastily outlawed financial transactions that facilitate Internet gambling. The Unlawful Internet Gambling Enforcement Act of 2006 makes criminals of companies — not players — who electronically move money for the purposes of online sports betting: wagering on dog races, poker and other casino-style games.
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US DEALS DOUBLE BLOW TO CARIBBEAN
NATIONNEWS.COM Published on: 10/10/06. An objective assessment of how decisions by United States lawmakers can negatively impact on the economies of the Caribbean would establish that last month was one that brought very bad news for this region.
