Gambling News

  • 22 January 2007

    Online Gambling Stock Prices Tumble After News Of US Probe

    BUSINESS WEEK By JANE WARDELL BW Exclusives LONDON Shares in European online gambling companies fell as much as 14 percent Monday on news that U.S. prosecutors had launched a probe into Internet gambling. The U.S. Department of Justice has sent subpoenas to about 15 investment banks across Europe and in the United States, requesting information as part of a probe into gambling companies including Britain’s PartyGaming PLC and payment networks such as Neteller PLC, banking officials said.

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  • 22 January 2007

    OUTRAGE FROM UK AS US TARGETS BANKS OVER ONLINE GAMBLING

    TIMES ONLINE Rhys Blakely Senior bankers and leading politicians have attacked demands from the American Department of Justice for British bankers to hand over details of their dealings with online gambling companies outlawed in the US. After calls on the British Government to spell out the limits of the US authorities’ reach, the Treasury said last night that it was monitoring the situation.

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  • 20 January 2007

    US DOJ ORDERS WORLD BANKS TO SURRENDER RECORDS ON ONLINE GAMBLING OPERATIONS

    THE SUNDAY TIMES – TIMES ONLINE January 21, 2007 By: Jenny Davey THE US Department of Justice has ordered the world’s biggest investment banks, accountants and law firms to hand over all e-mails, telephone records and papers connected with internet gaming firms as part of an investigation into illegal online gambling in America.

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  • 19 January 2007

    CO-FOUNDER OF NETELLER RELEASED ON $5 MILLION BOND BY U.S. VIRGIN ISLAND JUDGE

    HERALD TRIBUNE Internet company founder released on bail by U.S. Virgin Islands judge The Associated Press Published: January 18, 2007 CHARLOTTE AMALIE, U.S. Virgin Islands: A Canadian man charged with laundering billions of dollars (euros) from Internet gambling transactions posted bail Thursday in the U.S. Virgin Islands and was released into the custody of an FBI agent. U.S. District Court Magistrate Judge Geoffrey Barnard released Stephen Eric Lawrence on US$5 million (€3.

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  • 19 January 2007

    OTHER ONLINE GAMBLING E-WALLETS EXPECTED TO FILL NETELLER VOID IN U.S.

    HERALD TRIBUNE The Associated Press Published: January 18, 2007 LAS VEGAS: Though payment processor Neteller PLC is the latest and largest such company to pull out of the lucrative but illegal U.S. online gambling market, industry observers said other e-wallet sites would come forward to take its place… …The arrests were the latest in a series of enforcement actions by the U.S. government against the online gambling industry.

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  • 18 January 2007

    SHACKLED NETELLER EXEC STEPEN LAWRENCE MAKES APPEARANCE IN COURT

    NEW YORK POST January 18, 2007 — CHARLOTTE AMALIE, U.S. Virgin Islands – A Canadian man who founded a firm that processes Internet gambling transactions was led into a U.S. Virgin Islands court in ankle chains to face money-laundering charges yesterday. Stephen Eric Lawrence, 46, was accused of funneling billions of dollars in illegal gambling proceeds to overseas betting operations. The former NETeller PLC director was arrested on the island of St.

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  • 18 January 2007

    ONLINE GAMBLING'S NETELLER STOPPED BUSINESS IN US 12:O1 AM

    HOUSTON CHRONICLE – cron.com Jan. 18, 2007, 3:43AM By ROBERT BARR – Associated Press LONDON — Neteller PLC, a Britain-based online money transfer business, said Thursday it is ceasing to handle gambling transactions from U.S. customers because of restrictive legislation and uncertainties about regulations.

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  • 18 January 2007

    NETELLER EXECUTES COMPLETE WITHDRAWAL FROM US MARKET

    EGAMING REVIEW Neteller has announced its complete withdrawal from the US gambling transaction market with immediate effect. Fellow payments processor Citadel has also announced its official exit from the US. The Neteller news came in a trading statement to the London Stock Exchange this morning. It comes two days after founders and former directors Stephen Lawrence and John Lefebvre were detained by US authorities and charged with money laundering related to online gambling.

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  • 18 January 2007

    $5 MILLION BAIL FOR NETELLER EXEC JOHN LEFEBVRE

    EGAMING REVIEW Former Neteller director John Lefebvre has been granted bail after an appearance in court in Los Angeles. According to Rebekah Carmichael, press spokesperson from the US Department of Justice, “he will be released after satisfying the bail conditions of $5m fully secured by cash or property; pre-trial supervision; surrender of all travel documents; and travel restricted to the Central District of California, except for trips to Southern District, New York for Court.

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  • 18 January 2007

    NETELLER FOUNDERS CHARGED WITH MONEY LAUNDERING

    EGAMING REVIEW Neteller founders Stephen Lawrence and John Lefebvre have been charged with money laundering offences by the US Attorney General in the Southern District of New York.

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