News

  • 08 May 2007

    E-Gold Founders Indicted for Abetting Fraud and Child Pornography

    Co founders of another payment processor, E-Gold, were indicted last week for allegedly ‘allowing the service to be used by criminals engaged in financial scams and child pornography’ according to the Washington Post who reported on the indictments The indictment names the company’s co-founders — Douglas L. Jackson, of Satellite Beach, Fla., and Barry K. Downey, of Woodbine, Md., as well as Reid A. Jackson, of Melbourne, Fla.

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  • 08 May 2007

    UK Companies Plan Grass Roots Campaign In US for Internet Gambling

    UC Group and Baker Tilly believe they have the software and technology to perfectly compliment Rep. Barney Franks new legislation for internet gambling. Their product allows the user to pinpoint the age and location of bettors and detect compulsive gambling and money laundering. The software is already operating in systems around the world according to a company spokesman. the Hill reports that the 2 companies teamed up to launch the “Safe and Secure Internet Gambling Initiative”.

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  • 07 May 2007

    Politicians Silent On US Refusal To Comply With WTO Online Gambling Ruling

    On Friday, April 4, 2007, the US announced its decision to ‘modify’ the commitment made in 1993 to open U.S. markets to “recreational services.” and clarify that gambling services are not included. This unprecedented action would remove any WTO jurisdiction to online gaming and nullify Antigua’s recent WTO court victory.Response to this newest US decision, good or bad, has been reported from several countries outside the US but there has been no comments from the US political arena. Not one.

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  • 05 May 2007

    Antigua Feels 'Deep Disappointment' Over US Actions To Nullify WTO Ruling

    Antigua today expressed ‘Deep Disappointment’ over the announcement by Deputy U.S. Trade Representative John K. Veroneau who said “U.S. federal and state laws have banned interstate gambling for decades, therefore it would be nonsensical for the U.S. to make a commitment to open up interstate gambling for foreign providers when it was unlawful for U.S. providers.

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  • 04 May 2007

    US Will Not Comply With WTO Ruling On Online Gambling

    The Houston Chronicle reported that the United States will use a World Trade Organization procedure to clarify its ban on online gambling, according to a U.S. trade representative. Deputy U.S. Trade Representative John K. Veroneau said today that “U.S. federal and state laws have banned interstate gambling for decades, therefore it would be nonsensical for the U.S. to make a committment to open up interstate gambling for foreign providers when it was unlawful for U.S. providers.

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  • 04 May 2007

    Rep. Berkley Introduces Bill Into Congress Calling For One Year Study Of Online Gambling

    More activity this week as Rep. Shelly Berkley (D-NV) yesterday introduced a bill calling for a one year study of online wagering to be conducted by the National Academy of Sciences. Las Vegas Review-Journal reported that Rep. Berkley wants to repeal the UIGEA which was rammed down lawmakers throats last year during the last minutes of session and signed into law October 13th as part of an unrelated bill.

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  • 03 May 2007

    Neteller Not Down Yet - New Debit Card for All Countries but US and Canada

    The reports of Neteller’s demise may have been exaggerated a bit. Neteller today announced a new prep-paid debit card for use world wide except in the US and Canada. …members can fund directly from their e-wallet account*. As a NETELLER member you’ll be able to use this card anywhere that accepts MasterCard®, including ATMs and point-of-sale terminals and internet sites worldwide.

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  • 02 May 2007

    New Mexico Governor Favors Repeal of UIGEA

    While on a campaign stop in Nevada this week Bill Richardson, Democratic presidential hopeful, said he favors repealing last year’s congressional ban on internet gambling. According to Yahoo! a reporter talked to Mr Richardson regarding his stance and relayed the following information: “I’m against shutting it down,” Richardson said in an interview with The Associated Press.

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  • 02 May 2007

    Papua New Guinea Legalizes Casinos and Online Gambling

    The Papua New Guinea Government just passed a gaming law that allows casinos and online gambling into the country. This legislation was taken in a move to fuel the economy of a nation with a population of just less than 6 million people and 20 provinces. Papua New Guinea’s parliamentarians voted unanimously (61-0)in favor of the Gaming Control Bill Act 2007 that states each of Papua New Guinea’s 20 provinces will be allowed to hold a casino licence for 10 years.

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  • 02 May 2007

    Internet Gambling Giant 888's Hard Work Reflects Increased Profits

    FinanceWeek reported yesterday that “While online gambling firm Party Gaming has warned that its performance is likely to be way below expectations as it struggles to come to terms with the loss of the US market, rival company 888 has enjoyed increased profits.

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