California and the Online Gambling Battle
08 October 2009
Legislators in the California State Legislature are lining up for battle this winter. The proponents for online gambling are readying to introduce a bill to legalize online poker in that state. They say that intrastate gambling, which is one of the loop holes in the federal Unlawful Internet Gambling Enforcement Act of 2006, can help ease the state’s financial woes.
Illegal internet gambling is still happening, and proponents say that the state gets no benefits from it. If legalized, the state would gain from the regulation and taxation of internet gambling.
Opponents, including many of the state’s 59 Indian tribes, are getting ready to prevent it, not wanting to lose their monopoly on gambling in the state. Others who offer gambling are the California state lottery, a few horse racing tracks and about 90 card rooms.
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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