News

  • 21 October 2006

    GAMBLING LEGISLATION TO AFFECT ECHO's BOTTOM LINE

    PACIFIC COAST BUSINESS TIMES Bill Lascher Staff Writer 10/20/06 Fallout from legislation targeting Internet gambling has landed in Ventura County. Camarillo-based Electronic Clearing House Inc., or ECHO, announced that its annual report for the fiscal year ended Sept. 30 would look different after the Unlawful Internet Gambling Enforcement Act of 2006 was signed by President George W. Bush Oct. 13.

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  • 21 October 2006

    ONLINE GAMBLERS HEAD STRAIGHT FOR LOOPHOLES IN NEW GAMING LEGISLATION

    THE CAPITAL TIMES by Ben Popper Correspondent for The Capital Times The stakes aren’t particularly high at Tuesday night’s Intramural Texas Hold ‘em tournament at the SERF on West Dayton Street, where 25 players are competing for a grand prize of one T-shirt and the pleasure of a skilled game.

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  • 20 October 2006

    ANTI-GAMBLING LAW COULD BE SCRAPPED SAYS PARTYGAMING BOSS

    GUARDIAN UNLIMITED Simon Bowers Friday October 20, 2006 PartyGaming chief executive Mitch Garber has said he thinks there is a 50% chance of new prohibitionist US legislation which outlaws online gambling being scrapped within three years should the balance of power in Washington drift away from the Republicans. “That might seem like wishful thinking but we could see a strong backlash from US players … and there could be changes [of control] in the house and senate,” he said.

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  • 19 October 2006

    ONLINE GAMBLING HEADS UNDERGROUND

    BusinessWeek Online By Catherine Holahan Updated: 12:00 a.m. ET Oct 19, 2006 It was getting late on Oct. 12, the night before a sweeping anti-Internet gambling bill would be signed into law. Paul McGuire was at his computer, enjoying one last hurrah on PartyPoker, a site that had pledged to kick off all U.S. users as soon as the law left President Bush’s desk.

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  • 19 October 2006

    INTERNET POKER BAN USHERS IN NEW ERA OF SOUR FEELINGS

    MySA – MySanAntonio.com Web Posted: 10/18/2006 11:05 PM CDT San Antonio Express-News Well, that certainly didn’t take long. President Bush was quick to sign the Unlawful Internet Gambling Enforcement Act last Friday — legislation loosely tied on to the broader Port Security Act — sending the online poker community into a tailspin. The signing of the legislation was marked as a triumph for the security of the country.

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  • 19 October 2006

    The G.O.P.’s Bad Bet

    THE NEW YORK TIMES By CHARLES MURRAY Published: October 19, 2006 LAST week President Bush signed a law that will try to impede online gambling by prohibiting American banks from transferring money to gambling sites. Most Americans probably didn’t notice or care, but it may do significant political damage to the Republicans this fall and long-term damage to Americans’ respect for the law.

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  • 19 October 2006

    NETELLER WILL COMPLY WITH US REGULATIONS ONCE DETERMINED BY US FEDERAL RESERVE SYSTEM

    19 October 2006 NETELLER PLCUpdate on US positionFurther to the Company’s announcement on 12 October 2006, NETELLER Plc today announced the following update in the light of the action on 13 October 2006 by US President George W Bush to approve and sign into law the SAFE Port Act incorporating the Unlawful Internet Gambling Enforcement Act of 2006 (“UIGEA” or the “Act”) which includes certain provisions to prohibit “unlawful internet gambling” by restricting gambling sites from accepting certain

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  • 19 October 2006

    ONTARIO TO INTRODUCE LEGISLATION TO END ONLINE GAMBLING

    NATIONAL POST Peter Nowak – Thursday, October 19, 2006 Ontario is looking to quash Internet gambling by introducing a bill today that will ban such Web sites from advertising, a move legal experts say oversteps the province’s authority. Gerry Phillips, Minister of Government Services, will table a bill of amendments to Ontario’s Consumer Protection Act, including a section aimed at banning media organizations from running ads by gambling Web sites.

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  • 19 October 2006

    BLACK MARKET ON THE CARDS FOR ONLINE GAMBLING INDUSTRY?

    e-consultancy Posted 13:24 19 Oct 2006 by Richard Maven Sportingbet has warned that the US is encouraging the creation of a black market through its online betting ban, after announcing it is taking a hit of £210m on the sale of its business Stateside. Announcing its annual results this morning, the UK-based firm said its profits had risen by 75% to £71.

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  • 19 October 2006

    World Gaming falls victim to crackdown

    VNUNET.COM David Jetuah , Accountancy Age 19 Oct 2006 Lack of debt and a strong cashflow have left the online gaming industry ripe for consolidation, the administrators of e-betting company World Gaming said this week. The industry is facing a period of upheaval following US moves to clamp down on online gambling. But despite fears that the collapse of World Gaming could be followed by others in the sector, Andrew Andronikou, of UHY Hacker Young, said it was an isolated incident.

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