Not Everyone Sure Online Gambling is Safe
09 December 2011
Nevada and in particularly Las Vegas is pushing to regulate online gambling either within the state or on a national level. Many U.S. land based casinos are already making partnerships with online gambling companies to get ready for what they hope is the inevitable passing of some kind of U.S. regulations.
Not everyone however seems to be on the online gambling bandwagon. Sheldon Adelson, chief of the industry’s largest publicly traded company, says he opposes online gambling because he doesn’t think the software available can keep under age people from gambling.
A company spokesperson confirms however this is a personal stance from Adelson and not a formal stance from the company and its worldwide resorts in Las Vegas, Macau, Singapore and Bethlehem, Pa. Other industry companies like the Caesars Entertainment Corp. and MGM Resorts International have openly backed the push to legalize online poker.
Adelson shared his view with Frank Fahrenkopf, CEO of the American Gaming Association. Fahrenkopf said in a statement:
“Sheldon has long had concerns about this issue, and it is perfectly within his right to make this decision. However, the AGA, at the direction of our board of directors, will continue to support federal legislation to allow states to license and regulate online poker.”
Though there is not a real consensus among the top casino industry but their top lobbyist has taken a step away from neutral and are now actively trying to lobby for federal legislation that would regulate online gambling or at least online poker.
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