News

  • 10 October 2006

    MORE COMPANIES JOIN ONLINE GAMBLING EXODUS

    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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  • 10 October 2006

    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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  • 10 October 2006

    NEW VIDEO ON ONLINE LEGISLATION - TRUTH BEHIND ONLINE GAMBLING BAN

    New Video has been released from APCW (Association of Professional Casino Webmasters) regarding the recently passed online gambling legislation. J. Todd presents information concerning Congressional motivation and doesn’t do a bad job as Elvis!

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  • 10 October 2006

    WagerShare Closes US Operations

    WagerShare – Closure of US Operations Our parent company Fairground Gaming Holdings Plc have been advised that the Safe Ports Act, which contains the Unlawful Gambling Enforcement Act, will shortly receive Presidential approval and be passed into law. This is the first US Federal measure to explicitly address internet gaming and the Board has thus concluded that it is now appropriate to suspend participation by US-based customers in the company’s casino and poker activities.

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  • 10 October 2006

    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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  • 10 October 2006

    FIREPAY TO CEASE US OPERATIONS ONCE GAMBLING BILL IS SIGNED

    INTHENEWS (www.inthenews.co.uk) “…Fairground Gaming said that it would suspend the company’s online casino and poker games to its US-based customers following the implementation of the legislation, while Fireone said that only non-US internet gamblers would be able to use its multi-currency credit and debit card and FirePay electronic wallet processing facilities.” THE COMPLETE ARTICLE CAN BE READ AT INTHENEWS (www.inthenews.co.

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  • 10 October 2006

    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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  • 10 October 2006

    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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  • 10 October 2006

    LASSETERS ISSUES STATEMENT OF INTENT FOLLOWING US ONLINE GAMBLING LEGISLATION

    You have no doubt seen recent media reports of new U.S. legislation relating to online gaming. During the last hour of the last session of Congress before the election period recess, a Bill was rushed through which will affect U.S. financial institutions and any transactions they have with online gaming companies. The ramifications of its passing are causing significant effects globally as operators and customers try and get a grasp of what the legislation really means and how far it reaches.

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  • 10 October 2006

    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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  • 10 October 2006

    EMPLOYEES OF ONLINE GAMBLING FIRM RELEASED IN WAKE OF NEW LEGISLATION

    HAARETZ (www.haaretz.com) By Guy Griml “…IM Intermedia dismissed half of its 100 workers yesterday.” “… firm supplies services for online marketing and data mining for online gaming companies in the United States…” “The company confirmed the report.” “cutbacks are just the first of many expected in the industry after the U.S.

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  • 10 October 2006

    FIRST OF WHAT FIGURES TO BE MANY ONLINE GAMBLING DISMISSALS BEGIN

    HAARETZ (www.haaretz.com) By Guy Griml The first firings in the Israeli online gambling industry have started, as IM Intermedia dismissed half of its 100 workers yesterday. The firm supplies services for online marketing and data mining for online gaming companies in the United States, and its customers include Intercontinental Online. Advertisement The company confirmed the report. Yesterday’s cutbacks are just the first of many expected in the industry after the U.S.

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  • 09 October 2006

    New Poker League with SunPoker

    Professional Poker Champion Kenna James and SunPoker.com have announced the start of a brand new poker league, The Kenna James Bounty League. This new league will start by rewarding a total of four SunPoker.com members with $10,000 seats at the main event of the L.A. Poker Classic, an additional $2,500 for hotel and airfare, and a personal training session with Kenna James. The newly formed Bounty League will feature a $22 buy-in tournament every Thursday where SunPoker.

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  • 09 October 2006

    BINGONANZA'S OCTOBER SCHEDULE OF FESTIVAL EVENTS!

    It’s October and Bingonanza has some great promotions in store to celebrate Fall and Halloween! To kick off the season, Bingonanza is holding Bingonanza Oktoberfest October 1 – 22 Sapphire Room Grab an ice cold mug and join Bingonanza’s Oktoberfest from October 1 – 22! The contest has players looking for the special ‘A’, ‘L’, ‘E’ patterns playing in the Sapphire Room.

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  • 09 October 2006

    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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  • 09 October 2006

    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. Bush is expected to sign the controversial act.” ….

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  • 09 October 2006

    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. When the US does the same, we are meant to believe it is about preserving the fabric of society.

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  • 09 October 2006

    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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  • 09 October 2006

    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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  • 08 October 2006

    Regulate gambling or lose the income

    THE NATIONAL POST Online betting is a grey area of law with huge profits Diane Francis, Financial Post Published: 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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  • 08 October 2006

    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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  • 07 October 2006

    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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  • 07 October 2006

    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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  • 07 October 2006

    STATEMENT FROM FIREPAY

    Position by FirePay Remains Steadfast FirePay is holding steady in its position concerning the Unlawful Internet Gambling Enforcement Act, which will become law upon its approval by the President of the United States.The following is an official statement recently released by FirePay: “The Act does not define ‘unlawful Internet gambling’ nor does it make unlawful any activities by financial institutions that are not themselves gambling businesses.

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  • 07 October 2006

    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. residents’ access to online poker, casinos and sports-betting just a week after Congress approved a ban on banks doing business with the sites.

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  • 06 October 2006

    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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  • 06 October 2006

    Congress Sends Port Security Legislation to Bush for Approval

    By Elizabeth Kelleher Washington File Staff Writer Washington — Legislation passed by Congress would enhance U.S. efforts to protect its ports from terrorist attack, but the lawmakers already have voted not to fully fund some plans that would be authorized by the bill. Congress passed the Security and Accountability for Every (SAFE) Port Act of 2006 (H.R. 4954) in the early morning hours of September 30 before leaving Washington to campaign for fall elections.

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  • 06 October 2006

    Online Poker Room Takes Big Hit From Congress

    Congress Busts The Online Poker Boom CBS NEWS 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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  • 06 October 2006

    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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  • 05 October 2006

    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. Over US$7 billion was wiped off the market value of companies that were worth US$12 billion.

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