Gambling News

  • 27 October 2006

    UK CULTURE SECRETARY SAYS US GAMBLING LAW FLAWED

    BBC NEWS The US crackdown on online gambling is a “new prohibition”, which is likely to fuel a rise in fraud and exploitation, the UK culture secretary has said. Offshore sites could become the “modern equivalent of speakeasies”, illegal bars which opened in 1920s America when alcohol was banned, Tessa Jowell added. New US laws forbid firms from taking internet bets, and ban banks and credit card firms from allowing web payments.

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  • 26 October 2006

    CONGRESS ACTS TO REMOVE GAMBLING OFFLINE. WHY?

    LUDWIG VON MISES INSTITUTE By Mark Thornton Posted on 10/26/2006 Congress purported to act to protect the values of the American people when it passed the “Unlawful Internet Gambling Enforcement Act.” The result has been a serious blow to a growing industry. Whose values was Congress protecting? It had nothing to do with the American people at large. Congress was protecting the “values” of casino owners and those who work in the state lottery racket.

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  • 26 October 2006

    WHILE U.S. SHUNS ONLINE GAMBLING, A WHOLE NEW WORLD OPENS IN EU

    INTERNATIONAL HERALD TRIBUNE By Simon Packard and Amy Wilson Bloomberg News October 26, 2006 LONDON PartyGaming, the world’s largest online poker company, lost 75 percent of its revenue when the company shut down its U.S. sites to comply with a new law enforcing a ban on Internet gambling. That has not dented the optimism of the chief executive, Mitch Garber.

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  • 25 October 2006

    FRIST DOUBTS ONLINE GAMBLING BAN WILL AFFECT GOP OR VOTER /ELECTION TURNOUT

    LAS VEGAS SUN October 24, 2006 By Lisa Mascaro WASHINGTON – Could a cornerstone of Republicans’ American Values Agenda – the just passed law to ban Internet gambling – come back to bite the party on Nov. 7? That’s the prognosis of poker-playing scholar Charles Murray, who warned in a recent newspaper opinion piece of the political damage Republicans may face from the nation’s poker-playing masses this fall. An estimated 8 million Americans gamble online.

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  • 25 October 2006

    888.COM FIRES UP TO 150 GIBRALTAR EMPLOYEES

    PANORAMA The gambling outfit Cassava, also known as 888.com, are to fire employees in their Gibraltar headquarters. That was the buzz yesterday as employees started to receive redundancy letters, with some sources suggesting that up to 150 may be dismissed. The layoffs stem from the cessation of the company’s activity in the US due to new legislation banning online gambling in the USA, which has shaken the industry.

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  • 25 October 2006

    AN INTERVIEW WITH BODOG OWNER CALVIN AYRE - FEDS CAN'T STOP HIS ONLINE EMPIRE

    THE REGISTER EXCERPTS FROM INTERVIEW OF CALVIN AYRE BY BURKE HANSON, PUBLISHED AT THE REGISTER Tuesday 24th October 2006 23:26 GMT “American gaming enthusiasts have been asking themselves that very question, after Republicans in Congress recently amended the Safe Port Act (H.R.

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  • 24 October 2006

    BAN IS NOT THE ANSWER, WON'T STOP ONLINE GAMBLING

    THE CHARLOTTE OBSERVER ADAM GOLDMAN Associated Press NEW YORK – Gamblers may look over their shoulder now, but experts say a new Internet gambling ban won’t keep bettors from ponying up, just turn them on to overseas payment services out of the law’s reach. “It has put a terrible scare into people,” said I. Nelson Rose, who teaches gambling law at Whittier Law School. “But it won’t by any means wipe out Internet gambling.

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  • 24 October 2006

    ONLINE GAMBLING AND ITS ENTITIES ENTERS THE PROHIBITION ERA

    INTERACTIVE GAMING NEWS by Chris Krafcik H.R. 4411 – David Carruthers – Money laundering – Aiding and abetting – United States Congress – Bill Frist – Unlawful Internet Gambling Enforcement Act of 2006 – Prohibition – Exodus These and other words and expressions have permeated the idiom shared by the I-gaming industry, serving as palpable reminders of long-standing legal battles and financial woe, of furtive politics and changing interests.

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  • 23 October 2006

    Will Online Gambling Legislation Turn Out To Be A Bad Bet for Republicans?

    FOX NEWS Monday, October 23, 2006 By Radley Balko LONDON — In the wee hours of the last night of the last session of Congress, Majority Leader Bill Frist attached a ban on Internet gambling to a port security bill. It was a dubious maneuver, which not only prevented any real floor debate over the ban, but also attached an intrusive, unnecessary, big government measure to a bill that addressed important national security concerns.

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  • 23 October 2006

    BODOG BUYS BETCORP - BOBET?

    E-GOLI (http://www.egoli.com.au) 23/10/2006 By: Georgia Fekete Betcorp Limited (BCL) today announced it had entered into an agreement to sell its gaming operations and operating infrastructure in Antigua and Toronto for US$9 million to Bodog Entertainment Group SA. The move came as a result of the passing of the US Unlawful Internet Gambling Enforcement Act on 13 October 2006. The legislation effectively makes it illegal for US banks to make or take payments from online gambling sites.

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