News

  • 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measure fuels exodus DANIEL YEE Associated Press ATLANTA – Internet poker players and other gamblers in the U.S. have withdrawn thousands of dollars from their Web-based accounts while some gaming sites have raced to block U.S. residents’ access to online poker, casinos and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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