Firepay Pays $19.2 Million
13 November 2009
With the forfeiture of $19.2 million by Firepay, owned by Optimal group inc. of Canada, the New York District Attorneys office is poised to go after more gaming companies that did business in the U.S. even before UIGEA became law.
Firepay had withdrawn from online gambling in the United States after UIGEA was enacted in October 2006. But the State of New York saw dollar signs and in 2007, started building a case against Firepay. They went back to the business Firepay did between 2004 and 2006 and decided that gamblers placed $19.2 million in wagers in that time.
So the State of New York then seized the said $19.2 million and started negotiations with Firepay. In the end, Firepay agreed to forfeit the $19.2 million in return for an agreement clearing it of any illegal activities. They also have to state that the online gambling agencies using their service knew that what they were doing was illegal.
So the State of New York is fully expected to go after many other online gambling companies for actions taken in 2006 and before. The states of Louisiana and Kentucky are also pursuing cases against online casino operators for processing financial payments. The only hope for respite seems to be the passing of the anti-UIGEA bills before congress right now. If they don’t get passed, it’s going to get really ugly out there.
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