Online Casino News and Information

11 October 2006

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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Gambling News Leisure & Gaming Going Private

11 October 2006

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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Gambling News eCOGRA STRESSES ONLINE GAMBLING PLAYER PROTECTION MORE ESSENTIAL THAN EVER

11 October 2006

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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Gambling News INTERNET GAMBLING LAW "CONTRADICTORY AND INEFFECTIVE"

10 October 2006

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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Gambling News US DEALS DOUBLE BLOW TO CARIBBEAN

10 October 2006

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.

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Gambling News AMERICANS STILL FREE TO GAMBLE ONLINE SAYS IGC

10 October 2006

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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Gambling News LEISURE & GAMING JOINS FAIRGROUND GAMING AND FIREONE - EXIT US ONLINE GAMBLING MARKET

10 October 2006

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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Gambling News More online firms suspend US gambling operations

10 October 2006

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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Gambling News A Look at Online Gambling and Legislation: How did this happen and what to do now?

10 October 2006

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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Gambling News Why The New Federal Law Banning Payments for Online Gambling:Is The Wrong Choice

10 October 2006

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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Gambling News 12 Million Mistreated Internet Gamblers To Vote This Fall

10 October 2006

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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Gambling News ONLINE CASINO WORLD GAMING ASKED FOR SHARES TO BE SUSPENDED

09 October 2006

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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Gambling News NO MORE NET GAMBLING?

09 October 2006

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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Gambling News BETTING ON DOUBLE STANDARDS IN THE US

09 October 2006

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 News GAMBLING WITH FREEDOM

09 October 2006

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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Gambling News CONGRESS OUTLAWS INTERNET GAMBLING WHICH WILL HELP TERRORISM IN THE LONG RUN

08 October 2006

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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Gambling News Regulate gambling or lose the income

08 October 2006

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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Gambling News UK MAKING A SERIOUS BID TO BRING HEART OF ONLINE GAMBLING TO ENGLAND

08 October 2006

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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Gambling News INTERNET GAMBLING LEGISLATION CREATES MORE QUESTIONS THAN ANSWERS

07 October 2006

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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Gambling News Neteller and Firepay May Be Safe From Recent US Gambling Legislation

07 October 2006

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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Gambling News EFFECTS OF INTERNET GAMBLING BILL FUELS EXODUS

07 October 2006

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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Gambling News FRIDAY THE 13TH - BUSH SET TO SIGN INTERNET GAMBLING BILL INTO LAW

06 October 2006

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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Gambling News Congress Busts The Online Poker Boom

06 October 2006

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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Gambling News US Bill on Internet gambling: Morality or Protectionism?

05 October 2006

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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Gambling News LOBBYING 101: HOW HORSE RACING DODGED US INTERNET GAMBLING BILL

05 October 2006

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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Gambling News ONLINE CASINO ACTION TAKES BIG HIT

04 October 2006

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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Gambling News EXPERTS SAY ONLINE GAMBLING WILL CONTINUE EVEN WITH ONLINE GAMBLING BAN

04 October 2006

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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Gambling News A Look At The Unlawful Internet Gambling Enforcement Act 2006

04 October 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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Gambling News MORE LEGISLATION IN THE WORKS REGARDING ONLINE GAMBLING

03 October 2006

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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Gambling News I. NELSON ROSE, PROFESSOR OF LAW LOOKS AT THE UNLAWFUL INTERNET GAMBLING ENFORCEMENT ACT OF 2006

02 October 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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