Brick and Mortar Casinos Have Strong Interest in Online Gambling
30 June 2006
When talking about a physical casino property such as MGM Mirage or Harrah’, you’ll sometimes hear them called brick and mortar casinos or land based casinos. No matter what name you use, the talk lately is the possible intervention of the physical properties in online gambling. Let’s face it, they’ve already got a step up on regulating the online arena, having been through the stages of government intervention and regulation. It just makes sense that the gambling industry, which is already a well established and strictly monitored business, should now show an interest in and stake a claim on the fastest growing, highly profitable business of online gambling.
This action would regulate online gambling and once legalized, it’s taxable! And they won’t have to build the first casino to do it. It’s a win / win proposition. Banning online gambling is not the answer. Regulating it is. And who better to handle this than the brick and mortar casino properties.
14 May 2010Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
02 June 2010France to Award 30 Licenses for Online Gambling
Today the government of France approved a new online gambling bill. The bill passed the French parliament by a narrow 299-233 vote. The French will grant only 30 licenses to operate online casinos and poker rooms within its borders. Though it is now official and France says that licenses will be granted in time for the 2010 World Cup, not everyone is excited about the French market.Read full article
09 June 2010France Issues 11 Licenses For Online Gambling
France acknowledged that 11 companies have been granted license and have been registered to conduct online sports and horse race betting as well as online poker within France. According to Arjel president Jean-Francois Vilotte, the regulator of gaming in France, “There were 35 requests for licenses and we have retained 17 at this stage. None have been formally rejected.Read full article