News

  • 25 January 2007

    US Suffers Setback - WTO Panel Ruled 'US Did Not Comply With WTO Ruling' Regarding Online Gambling

    REUTERS By Doug Palmer Thu Jan 25, 2007 7:01pm WASHINGTON (Reuters) – The United States has suffered a new setback in a four-year-old legal battle with Antigua and Barbuda over U.S. restrictions on Internet gambling, a U.S. trade official said on Thursday. At issue is an April 2005 World Trade Organization ruling against U.S. prohibitions on online horse race betting. Since then, the U.S. Congress has passed additional legislation to ban betting over the Internet.

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  • 25 January 2007

    BAIL EXTENDED FOR NETELLER FOUNDERS

    Online Gambling News: According to eGaming’s Snapshot for 01/25/07, February 14th has been set for the preliminary hearing of Neteller Co-Founders Steven Lawrence and John Lefebvre who were arrested 1/16/07. A hearing was held yesterday in New York for Lefebvre, and bail was extended to the new court date. Vincent Marella, Lefebvre’s lawyer, said the government has to file formal charges before that date.

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  • 23 January 2007

    Wager Junction Pulls Out Of US Market

    Email from Wager Junction: Our industry finds itself under siege at the present time and with more events occurring during the last week I find myself the bearer of terrible news. In light of the events of the last week my partner Casinos have decided to take the very unusual step of immediately refusing any and all gaming traffic from the United States of America.

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  • 23 January 2007

    Wager Junction Pulls Out Of US Market

    Email from Wager Junction: Our industry finds itself under siege at the present time and with more events occurring during the last week I find myself the bearer of terrible news. In light of the events of the last week my partner Casinos have decided to take the very unusual step of immediately refusing any and all gaming traffic from the United States of America.

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  • 22 January 2007

    UK Online Gambling Shares Take A Beating After US Probe Announced

    SCOTSMAN.COM By Pete Harrison EXCERPTS: LONDON (Reuters) – Shares in European online gaming firms tumbled by as much as 9 percent on Monday following news U.S. prosecutors had launched a probe into Internet gambling. Analysts said U.S. prosecutors were now probably trying to target founders and senior executives of Internet gambling companies, just as they did with the arrests of two NETeller founders last week.

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  • 22 January 2007

    Online Gambling Companies Take Direct Hit, Stock Prices Plunge

    MARKET WATCH – DOW JONES By Sarah Turner, MarketWatch Last Update: 9:34 AM ET Jan 22, 2007 LONDON (MarketWatch) – Shares in online gambling companies PartyGaming, SportingBet, 888 Holdings and Empire Online slipped once more in London on Monday after published reports that the U.S. government has requested British banks hand over transaction details of their dealings in the online gambling sector. PartyGaming (UK:PRTY: news, chart, profile) shares lost 7.

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  • 22 January 2007

    Online Gambling Stock Prices Tumble After News Of US Probe

    BUSINESS WEEK By JANE WARDELL BW Exclusives LONDON Shares in European online gambling companies fell as much as 14 percent Monday on news that U.S. prosecutors had launched a probe into Internet gambling. The U.S. Department of Justice has sent subpoenas to about 15 investment banks across Europe and in the United States, requesting information as part of a probe into gambling companies including Britain’s PartyGaming PLC and payment networks such as Neteller PLC, banking officials said.

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  • 22 January 2007

    OUTRAGE FROM UK AS US TARGETS BANKS OVER ONLINE GAMBLING

    TIMES ONLINE Rhys Blakely Senior bankers and leading politicians have attacked demands from the American Department of Justice for British bankers to hand over details of their dealings with online gambling companies outlawed in the US. After calls on the British Government to spell out the limits of the US authorities’ reach, the Treasury said last night that it was monitoring the situation.

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  • 20 January 2007

    US DOJ ORDERS WORLD BANKS TO SURRENDER RECORDS ON ONLINE GAMBLING OPERATIONS

    THE SUNDAY TIMES – TIMES ONLINE January 21, 2007 By: Jenny Davey THE US Department of Justice has ordered the world’s biggest investment banks, accountants and law firms to hand over all e-mails, telephone records and papers connected with internet gaming firms as part of an investigation into illegal online gambling in America.

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  • 19 January 2007

    CO-FOUNDER OF NETELLER RELEASED ON $5 MILLION BOND BY U.S. VIRGIN ISLAND JUDGE

    HERALD TRIBUNE Internet company founder released on bail by U.S. Virgin Islands judge The Associated Press Published: January 18, 2007 CHARLOTTE AMALIE, U.S. Virgin Islands: A Canadian man charged with laundering billions of dollars (euros) from Internet gambling transactions posted bail Thursday in the U.S. Virgin Islands and was released into the custody of an FBI agent. U.S. District Court Magistrate Judge Geoffrey Barnard released Stephen Eric Lawrence on US$5 million (€3.

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