Gambling News

  • 16 February 2007

    CryptoLogic Posts Profits Down 70.6% Since US Gambling Law

    Winnipeg Free Press Thu Feb 15, 2007 TORONTO (CP) – Gaming software producer CryptoLogic Inc. (TSX:CRY) said Thursday its fourth-quarter profit dropped 70.6 per cent to US$1.7 million in its first report reflecting financial performance since the U.S. government declared a ban on online gambling. For the ended Dec. 31, the company’s earnings were equivalent to 12 cents per diluted share, down from $5.8 million or 43 cents per share, in the same period last year.

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  • 16 February 2007

    Casualty List From US Online Gambling Ban Continues To Grows As Neteller Cuts 250 Jobs

    Neteller reported today that it plans to cut 220 jobs in Canada and 30 in the UK; a direct result of their exit from the US market which was escalated by the arrest of its founders in the US last month. The arrests were the latest in a long list of actions taken by the US against the online gambling industry in an intense effort to cease all online gaming within its borders.

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  • 15 February 2007

    US Attorney's Office Holds Off Indictment And Onto Neteller Customer Funds

    G&C Editors Note: It’s unclear whether Neteller founders, Lefebvre and Lawrence, were in court for the preliminary hearing or whether the hearing even took place. Very little information is available at this time. This will be updated as information comes in. USA TODAY 2/14/2007 10:55 PM ET By Jon Swartz, USA TODAY SAN FRANCISCO — The waiting game for thousands of U.S. patrons with money tied up in an online payment service under federal investigation just got longer. The U.S.

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  • 11 February 2007

    ONLINE GAMBLERS ' SADLY MISTAKEN'; NO CHANGES TO ONLINE GAMBLING BAN SAYS AGA

    LAS VEGAS SUN Jeff Simpson on why it’s unlikely the online gambling ban will be reversed February 11, 2007 at 7:18:8 PST American Gaming Association President Frank Fahrenkopf told me last week that if online poker players are confident they can persuade Congress to pass a law that would define poker as a game of skill, they’re sadly mistaken.

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  • 10 February 2007

    Canada First Nation To Establish Online Gambling Haven Like Kahnawake

    EDMONTON JOURNAL Jason Markusoff; with files from the Canadian Press Published: Saturday, February 10, 2007 EDMONTON – There is a glimmer of hope the Alexander First Nation can successfully fend off a showdown the government has threatened over the band’s attempts to create a haven for online casinos, legal experts say.

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  • 09 February 2007

    Sullum Opines 'Neteller's Open and Honest Conspiracy'

    REASON MAGAZINE::REASON ONLINE Jacob Sullum, Senior Editor, Reason Magazine | February 7, 2007 Although Stephen Lawrence and John Lefebvre are charged with money laundering, there was nothing sneaky about their “conspiracy.” In 1999 the two Canadians co-founded Neteller, an online payment processing company, now based in the Isle of Man, that openly specialized in serving online gamblers.

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  • 09 February 2007

    UK Looks To Antigua and Barbuda In Developing International Online Gambling Regulations

    Caribbean Net News Friday, February 9, 2007 ST JOHN’S, Antigua: Antigua and Barbuda’s Financial Services Regulatory Commission, Division of Gaming has announced that the country expects to play a key role in developing international regulations and legislation for remote gambling following publication of the UK Government’s communique regarding the 2006 International Summit on Remote Gambling.

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  • 08 February 2007

    Canada Probes Indian Nation's Online Gambling Plans

    CANADA.com Jason Markusoff, Shawn Ohler, CanWest News Svc; Edmonton Journal Thursday, February 08, 2007 EDMONTON – A northern Alberta First Nation that is offering to host online casinos is under investigation by the Alberta Gaming and Liquor Commission. The commission says it will crack down on what it deems would be illegal gambling.

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  • 08 February 2007

    Canada Province To Conduct Online Gambling Survey

    The Calgary Sun Thu, February 8, 2007 By TODD SAELHOF, SUN MEDIA The city’s top Catholic and fellow-social activists are furious over a possible provincial cash grab through online gambling. Bishop Fred Henry calls media reports the Alberta government planned to collect revenue through Internet betting as “an intemperate, ill-advised, immoral decision. “It should be a short study,” Henry said yesterday of a government survey to gauge opinions about Internet gambling.

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  • 08 February 2007

    US Prosecutors Are Reason US Customers Can't Access Funds According To Neteller

    CNN CNNMoney.com February 8 2007: 9:11 AM EST LONDON (Reuters) — British payment processor NETeller said Thursday U.S. prosecutors had seized funds, stopping U.S. customers from accessing their money, the latest move in an online gaming sting. NETeller, which quit the United States last month after authorities arrested its two founders, said it was cooperating with an investigation by the U.S. Attorney’s Office (USAO) for the Southern District of New York.

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