Gambling News

  • 22 June 2007

    Internet Gambling Talks between President Bush and Antigua’s Prime Minister

    We can only hope that the talks between the US President and Antigua’s Prime Minister will only come out peacefully in the end, where the ban on US online gambling may eventually be lifted. During the meeting between Caricom leaders and President Bush, the Antigua & Barbuda Prime Minister Baldwin Spencer raised a question about the country’s Internet gambling dispute with the US with his desire to settle this matter.

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  • 22 June 2007

    PartyGaming Cashing In; could become an Attractive Acquisition Target

    You heard it right, the chief executive at PartyGaming, Mitch Garber, as part of his planned series of share sales, has cashed in options worth more than £1.7m towards gifting the company’s employee trust a raft of shares to be awarded to employees. Party’s recent discussions with the US authorities, from an analyst’s note that was issued, could pave the way for the company to be snapped up by a US gaming or Internet giant.

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  • 22 June 2007

    Costa Rica Joins Antigua, Japan, India, EU re: Case against US Online Gambling Policy

    The political waves are reaching newer heights this week as Costa Rica enters the scene with Antigua and Barbuda, Japan, India and the EU, seeking compensations from the online gambling ban set forth by the U.S. You can find more information on this by The Associated Press release yesterday. From the hardships brought on by the US related crackdown on online gambling, the confirmation that Costa Rica, a Central American nation, is now seeking compensations of its own.

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  • 21 June 2007

    Japan and India Join in Filing WTO Complaint against U.S.

    The waters are getting choppy between the East, West and the Caribbean against the U.S. banning Internet gambling to U.S. players and their U.S. funds going to other countries. Geneva-The Caribbean nation of Antigua and Barbuda, yesterday said; that for the United States’ failure to comply with a World Trade Organization ruling that it’s Internet gambling restrictions are illegal, the U.S. should face commercial sanctions worth more than 3 billion U.S. dollars each year.

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  • 19 June 2007

    EU Joins Antigua in Complaint against UIGEA

    How much will it take before the ban is lifted on U.S. online gambling? Not just a questions of many American citizens, but it is now a world-wide question on the minds of The World Trade Organization, The European Union, British online gaming operators and many others are stacking up on this list as the months go by.

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  • 11 June 2007

    Introduction of Online Gambling Legislation Continues

    First, Rep. Barney Frank (D-MA) introduced the IGREA (tabled after hearings held Friday) then Rep. Robert Wexler (D – FL) introduced the Skill Game Protection Act, which is geared toward exempting games of skill like chess, mahjong and poker from the UIGEA Now another bill has been introduced by Rep. Jim McDermott (D – WA) titled Internet Gambling Regulation and Taxation Enforcement Act which would define the tax structure for the IGREA.

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  • 11 June 2007

    IGREA Tabled After Online Gambling Hearings

    The Plain Dealer reported that the UGREA, a bill that would legalize and regulate online gambling, has been tabled until its author, Rep. Barney Frank, can gather more support for his bill. “There are more votes for my position now than there were a year ago, but there aren’t yet enough,” Frank said after a hearing at which Barberton minister Greg Hogan Sr. described how his son, Greg Jr., robbed a bank to pay Internet poker debts.

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  • 11 June 2007

    Neteller Hopes To Announce Further Progress by July 13th

    Well the expected announcement from Neteller regarding the release of funds from US accounts arrived and the expected details of prompt money distribution did not. In a statement released by Neteller, it was stated “we are disappointed not to have been able to return funds to our US customers at this point, we believe that the steps we have made in our discussions are significant and we hope to be able to announce further progress with the USAO by 13 July 2007.

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  • 11 June 2007

    Testimony Given To House Committee - "Online Gambling Can Be Regulated In The US"

    Representative Barney Frank delivers as promised, taking the subject of online gambling to the House Committee on Financial Services last week.

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  • 11 June 2007

    Online Gambling Arrests Impact Industry

    The GIGSE or Global Interactive Gaming Summit & Expo as its formally known, is usually the online gaming industry’s biggest event, last year drawing 1800 attendees. Then came the arrests of online gambling executives while in the US and the attendance at this year’s GIGSE drew about half that amount. In an article in the Philadelphia Daily News they take a look at what happened and the repercussions. “Last July, David Carruthers, the chief executive officer of BetonSports.

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