Gambling News
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AMERICANS STILL FREE TO GAMBLE ONLINE SAYS IGC
INTERACTIVE GAMING COUNCIL (IGC) October 9th, 2006 AMERICANS STILL FREE TO GAMBLE ONLINE – Congress passes a ban that targets payment mechanisms, but fails to protect the players. CONTACTS: Rick Smith, Executive Director, executive.director@igcouncil.org | Phone: 1-604-732-3833 Keith Furlong, Deputy Director, keith@cataniaconsulting.com | Mobile: 1-732-687-0880 9 October 2006 – After a decade of false starts, anti-gambling forces in the U.S. -
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LEISURE & GAMING JOINS FAIRGROUND GAMING AND FIREONE - EXIT US ONLINE GAMBLING MARKET
BETTING MARKET (www.bettingmarket.com) The passing of the Unlawful Internet Gambling Enforcement Act of 2006, which makes unlawful the receipt by a gambling business of proceeds or monies in connection with unlawful internet gambling, has led to three more companies announcing plans to exit the US facing online gambling market. Leisure & Gaming plc a holding company focused on the interactive betting and gaming sector operates a number of online sports betting and casino brands.
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More online firms suspend US gambling operations
INTHENEWS – www.inthenews.co.uk Tuesday, 10 Oct 2006 10:16 The new US law bans banks from processing online gambling payments Two online gambling firms have announced that they are suspending their operations in the US ahead of the imminent implementation of new laws restricting internet gaming.
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A Look at Online Gambling and Legislation: How did this happen and what to do now?
Editor’s Note: This article appeared on Gambling911 and it would do it a major injustice to hack it up so it’s being posted here ‘intact’ to keep the integrity of the article and sources.
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Why The New Federal Law Banning Payments for Online Gambling:Is The Wrong Choice
FINDLAW By ANITA RAMASASTRY —- Tuesday, Oct. 10, 2006 Recently, Congress passed a bill — the Unlawful Internet Gambling Act (UIGA) — that attempts to make existing anti-gambling laws easier to enforce against Internet gambling. This week, President Bush is expected to sign UIGA into law. As UIGA’s preamble accurately notes, “traditional law enforcement mechanisms are often inadequate” in this area.
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12 Million Mistreated Internet Gamblers To Vote This Fall
DAILY KOS (www.dailykos.com) by prouddemocrat Sat Oct 07, 2006 at 02:37:49 PM PDT The 12 million Internet gamblers in the U.S. will not be happy that their Senators never had a fair chance to consider an anti-Internet gambling bill in open debate. The ban was enacted by attaching it to an unrelated Senate bill late at night before a recess.
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ONLINE CASINO WORLD GAMING ASKED FOR SHARES TO BE SUSPENDED
IRELAND ON-LINE 09/10/2006 – 12:11:24 Shares in online casino World Gaming were suspended today as the fall-out from new anti-gambling legislation in the United States continued. World Gaming said it asked for its shares to be suspended “with immediate effect due to a fundamental uncertainty over its ability to continue trading”. It followed the shock approval of new laws effectively banning online gambling in the US which sent World Gaming shares tumbling 92% last week.
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NO MORE NET GAMBLING?
THE MINNESOTA DAILY October 9, 2006 A bill outlawing online gambling is awaiting approval by the president. By JP Leider “The Unlawful Internet Gambling Enforcement Act of 2006 could stop the meteoric rise of online poker. The act was tacked onto the Security and Accountability for Every Port Act in late September and passed through Congress shortly thereafter. President George W.
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BETTING ON DOUBLE STANDARDS IN THE US
FINANCIAL NEWS / Online US Grant Clelland, Deputy Editor 09 Oct 2006 When a continental European country takes action to protect its industry from external competition, it is called economic nationalism.
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GAMBLING WITH FREEDOM
THE WASHINGTON TIMES By Clyde Wayne Crews Jr./ Achim Schmillen October 9, 2006 Your after-tax income belongs to you. You are free to spend it, invest it, waste it, burn it, or tithe it away — and none of that is any politicians’ business. But if some lawmakers have their way, soon you won’t be able to gamble your money away on the Internet.
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CONGRESS OUTLAWS INTERNET GAMBLING WHICH WILL HELP TERRORISM IN THE LONG RUN
PBS (www.pbs.com) October 6, 2006 Risky Business: Congress stupidly outlawed Internet gambling and only terrorists were helped By Robert X. Cringely Last Saturday the United States Congress passed a port security bill that carried an amendment banning Internet gambling.
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Regulate gambling or lose the income
THE NATIONAL POSTOnline betting is a grey area of law with huge profits Diane Francis, Financial PostPublished: Saturday, October 07, 2006 The world’s largest computer facilities for online gaming are located in Canada and are nicknamed MIT. This doesn’t stand for the Massachusetts Institute of Technology: It stands for the Mohawk Institute of Technology.
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UK MAKING A SERIOUS BID TO BRING HEART OF ONLINE GAMBLING TO ENGLAND
TIMESONLINE The Sunday Times – Business The Sunday Times October 08, 2006 By Dipesh Gadher and Matthew Goodman PLANS to turn Britain into a “world leader” in internet gambling have been drawn up by ministers, according to internal Whitehall documents. In stark contrast to America, where online gambling has in effect been outlawed, ministers want to attract offshore companies to Britain.
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INTERNET GAMBLING LEGISLATION CREATES MORE QUESTIONS THAN ANSWERS
IN BUSINESS Las Vegas By Liz Benston / Staff Writer Days after the contentious passage last weekend of a bill to block American financial institutions from processing online gambling transactions, observers have mixed feelings about what the legislation means for players who gamble at home and the related industries that benefit from the action.
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Neteller and Firepay May Be Safe From Recent US Gambling Legislation
THE EXAMINER By Jerry Jordan, Senior Staff Writer Secreted into H.R. 4954, the Safe Port Act, the U.S. Senate attached and voted to approve an amendment that now makes it illegal for banks to fund Internet gambling sites, as well as, the money brokers, like Neteller, Firepay and Click2Pay that act as a go-between from U.S. banks and offshore gambling sites. In addition, the legislation, which is expected to be signed by President George W.
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EFFECTS OF INTERNET GAMBLING BILL FUELS EXODUS
Posted on Fri, Oct. 06, 2006 ‘Black Friday’ effect of Internet gambling measure fuels exodus DANIEL YEE Associated Press ATLANTA – Internet poker players and other gamblers in the U.S. have withdrawn thousands of dollars from their Web-based accounts while some gaming sites have raced to block U.S.
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FRIDAY THE 13TH - BUSH SET TO SIGN INTERNET GAMBLING BILL INTO LAW
EYE ON GAMBLING (EOG) written October 6, 2006 This is sad news but it was expected. EOG has just learned President George W. Bush will sign the Security and Accountability For Every (SAFE) Port Act into law next Friday, delivering a blow to U.K.-listed online gaming companies, whose shares tumbled after an Internet gambling ban was attached to the legislation. The port security bill was one of Congress’ final actions before breaking for the November mid-term elections.
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Congress Busts The Online Poker Boom
CBS NEWS Congress Busts The Online Poker Boom Ken Adams: New Internet Gaming Law Will Squash Underdog Dreams Of Scoring Big (CBS) Ken Adams writes about poker for CBSNews.com. In 2003 an anonymous Tennessee accountant with the unlikely name of Chris Moneymaker invested $100 in an online poker tournament in which the first prize was a $10,000 entry in the annual World Series of Poker championship in Las Vegas. Moneymaker went on to win the World Series championship bracelet and $2.
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US Bill on Internet gambling: Morality or Protectionism?
CARIBBEAN NET NEWS Commentary Thursday, October 5, 2006 by Sir Ronald Sanders The value of publicly-traded Internet gaming companies in Britain and their subsidiaries in the Caribbean has been savaged by a Bill adopted in late September by the US Congress making it illegal for banks and credit card companies to make payment to foreign online gambling sites.
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LOBBYING 101: HOW HORSE RACING DODGED US INTERNET GAMBLING BILL
THE INDEPENDENT By Stephen Foley in New York Published: 05 October 2006 The American horse racing industry paid more than $3m (£1.6m) in political donations, and spent millions of dollars more on entertainment and “education”, to ensure its exemption from the new internet betting laws that sealed the destruction of offshore online gambling.
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ONLINE CASINO ACTION TAKES BIG HIT
ACN NEWSWIRE Online Casino Betting Hit Australasian Investment Review Sydney, Oct 4, 2006 (ACN Newswire) – Yes it was sneaky and yes it is terribly ‘American” but all those investors and punting left lamenting the end of the online gaming industry should realise one or two things. Not many people care and the Americans have left a couple of areas of activity to be exploited for the simple reason that American gaming companies are already in those spaces.
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EXPERTS SAY ONLINE GAMBLING WILL CONTINUE EVEN WITH ONLINE GAMBLING BAN
TECHWEBOctober 03, 2006 (1:11 PM EDT)Gaming Expert: Online Bets Will Continue, Despite New Laws By W. David Gardner, TechWeb Technology News Online gamblers in the U.S. will likely be seeking alternate ways of wagering to avoid new restrictions by Congress that are aimed at halting the practice, an expert in online gambling said in an interview Tuesday. “It’s not going to work,” said Frank Catania, former New Jersey gaming regulator.
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A Look At The Unlawful Internet Gambling Enforcement Act 2006
iGAMING03-10-06 The Act starts with the findings of a report from the National Gambling Impact Study Commission, chaired by Republican Kay Coles James, which states that Internet gambling is a growing problem for banks and credit card companies and that ‘new mechanisms for enforcing gambling laws on the Internet are necessary.
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MORE LEGISLATION IN THE WORKS REGARDING ONLINE GAMBLING
DATE: October 2, 2006 CONTACT: ALISE KOWALSKI PRESS RELEASE – CONGRESSMAN BOB GOODLATTE CONGRESS APPROVES LEGISLATION TO DETER ONLINE GAMBLING Washington, DC: On Saturday, the House and Senate passed legislation to curb Internet gambling. The measure was included in the port security conference report, H.R. 4954, and prohibits online gambling businesses from accepting payments for the purpose of betting.
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I. NELSON ROSE, PROFESSOR OF LAW LOOKS AT THE UNLAWFUL INTERNET GAMBLING ENFORCEMENT ACT OF 2006
I. NELSON ROSE PROFESSOR OF LAW, WHITTIER LAW SCHOOL HOME OFFICE: 17031 ENCINO HILLS DRIVE ENCINO, CALIFORNIA 91436 (81 788-8509 FAX: (81 788-3104 WEB SITE: www.GAMBLINGANDTHELAW.com EMAIL: rose@sprintmail.com Gambling and the Law®: The Unlawful Internet Gambling Enforcement Act of 2006 Analyzed © Copyright 2006, all rights reserved worldwide.
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BANKS BREATHE SIGH OF RELIEF - ONLINE GAMBLING BAN POSSIBLY NOT AS BURDENSOME AS FEARED ON FINANCIAL INSTITUTIONS
CHRON.COM Oct. 2, 2006, 1:33PM Banks See Protections in Gambling Bill By GREG EDWARDS Dow Jones Newswires © 2006 The Associated Press ST. LOUIS — The Internet gambling legislation passed late last week by the U.S. Congress, which led to a major sell-off of Britain-based online gambling stocks Monday, remains a concern to the U.S.
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BUSH EXPECTED TO SIGN SAFE PORT ACT WITH BAN ON ONLINE GAMBLING RIDER THIS WEEK
Yahoo News Mon Oct 2, 10:21 AM ET WASHINGTON (AFP) – US President George W. Bush this week is expected to sign a bill making it harder to place bets on the Internet, a practice which already is illegal in the United States. Bush was expected to act quickly after Congress approved the Unlawful Internet Gambling Enforcement Act making it illegal for financial institutions and credit card companies to process payments to settle Internet bets.
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OPTIMAL GROUP STATES US LAW AS RELATES TO FIREPAY WILL HAVE SIGNIFICANT IMPACT
CNW GROUP Optimal Group Makes Announcement Regarding U.S. Legislative Impact upon its FireOne Group plc Subsidiary MONTREAL, October 2 /CNW/ – Optimal Group Inc. (NASDAQ:OPMR) today made the following announcement regarding the adoption by the United States Congress of the Unlawful Internet Gambling Enforcement Act of 2006. On September 30, 2006, the United States Congress passed the Unlawful Internet Gambling Enforcement Act of 2006.
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GAMBLING SHARES SLUMP, GAMING COMPANIES TO FOLD US OPERATIONS
DOW JONES / MARKET WATCH Gambling shares slump after U.S. act approved PartyGaming, 888 Holdings prepare to fold U.S. operations By Simon Kennedy, MarketWatch Last Update: 6:58 AM ET Oct 2, 2006 LONDON (MarketWatch) — Shares in U.K.-listed online gambling companies including PartyGaming and 888 Holdings plummeted Monday after the U.S. Congress unexpectedly passed an act that could cripple the industry by cutting off its revenue flows.
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CRYPTOLOGIC WILL NOT TAKE WAGERS FROM US BASED PLAYERS
U.S. Internet Gaming Legislation Validates CryptoLogic’s Global Strategy Licensees will no longer take U.S. bets; after five years of planning, software provider well-positioned with revenue and customers based in world’s most attractive e-gaming marketsTORONTO, ONTARIO — (MARKET WIRE) — October 02, 2006 — ALL FIGURES IN $USCryptoLogic Inc.
