Gambling News

  • 15 October 2006

    LASSETERS HALTS SERVICE TO US ONLINE GAMBLERS

    THE AUSTRALIAN October 16, 2006 ONLINE casino operator Lasseters Corp Ltd has halted services to the US following legislation introduced there making it illegal to accept online bets from US-based players. Lasseters said the Unlawful Internet Gambling Enforcement Act would eliminate about half of the world’s estimated $US10 billion ($13.34 billion) online gaming industry.

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  • 15 October 2006

    US CASINOS HEAD FOR THE ISLANDS TO AVOID US BAN

    TORONTO STAR Oct. 13, 2006. 01:00 AM PETE HARRISON REUTERS NEWS AGENCY LONDON—A looming U.S. ban on Internet gambling is already scaring off London-listed operators, but the industry will continue to thrive in the hands of private operators in locations like Costa Rica, Antigua and Curacao. The fear of extradition to the United States has forced executives in the United Kingdom to turn away from their most lucrative market, some selling their U.S.

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  • 15 October 2006

    ONLINE GAMBLING SITES CONTINUE TO ADVERTISE IN SPITE OF CRACKDOWN

    NEWSDAY.COM By DAVID B. CARUSO Associated Press Writer October 14, 2006, 5:20 PM EDT NEW YORK — Despite repeated warnings from law enforcement officials, offshore Internet gambling companies have continued to advertise heavily in the United States. Giant billboards in Manhattan, some several stories high, brazenly advertise Internet gambling sites like Sportsbook.com, now based in Antigua.

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  • 14 October 2006

    LEISURE AND GAMING SUSPENDED ON AIM UNTIL SALE OF US OPERATIONS COMPLETED

    LIFE STYLE EXTRA Finance News Latest UK-related finance news headlines Friday, 13th October 2006 14:42 LONDON (AFX) – Leisure & Gaming PLC said it has concluded that the sale of its US-facing gaming businesses is the best course of action given pending legal developments in the US, given the alternative of liquidating the businesses at substantial cost estimated to be about 6.0 mln usd. Shares in the company have been temporarily suspended on AIM.

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  • 13 October 2006

    THE SKY ISNT FALLING FOR ONLINE GAMING

    Article carried at WINNER ONLINE (WOL) by Karl Yu, Winneronline 12 October, 2006 You can relax Chicken Little, contrary to reports, the sky isn’t falling. When news broke that the United States had made an addendum to the Safe Port Act that would limit online gambling, no doubt, poker players considered running to the hills.

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  • 13 October 2006

    DON'T BET ON BAN ENDING INTERNET GAMBLING

    MSNBC Will ban end Internet gambling? Don’t bet on it Bill may win political points, but $12 billion industry can work around it By Mike Brunker Reporter MSNBC It took Congress more than a decade to pass a ban on Internet gambling. Now comes the hard part.

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  • 13 October 2006

    BUSH SIGNS PORT SECURITY/INTENET GAMBLING BILL, MAKES NO MENTION OF INTERNET GAMBLING BILL ATTACHED

    NEWS CHANNEL 9 – ABC Last Update: 10/13/2006 10:34:02 AM WASHINGTON (AP) – President Bush signed a bill Friday to help prevent terrorists from sneaking a nuclear, chemical or germ weapon into the United States inside one of the 11 million shipping containers that enter the nation each year – many without inspection. “We’re going to protect our ports. We’re going to defend this homeland, and we’re going to win this war on terror,” Bush said.

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  • 12 October 2006

    GAMBLING LEGISLATION IN VIOLATION OF 'READ THE BILLS' ACT?

    FREE MARKET NEWS NETWORK WHAT CONGRESS INSERTED Monday, October 09, 2006 Congress passed a lot of legislation at the last minute before adjourning. We highly doubt they read any of it. There was no waiting period to give them time to read the bills, even if they had wanted to know what they were passing. Bad stuff was inserted and combined with completely unrelated material. Most in Congress had no idea what they were voting for, and we are only just now learning the details of much of it.

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  • 12 October 2006

    SPORTINGBET PLC SET TO OFFLOAD US BUSINESS TO PRIVATE SECTOR

    THE ONLINE WIRE (TOW) The earthquake ignited by the approval of the Unlawful Internet Gambling Act by the U.S. Congress is still in motion. Sportingbet PLC announced to the AIM that the group is considering to offload its U.S. facing business to the private sector by Friday, October 13. “As part of this review the Board is considering a number of approaches that it has received for the Group’s US facing business.

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  • 12 October 2006

    Barclays and RBS Warn Gaming Clients On US - Will Comply With Legislation

    REUTERS UK Thu Oct 12, 2006 10:16 AM BST254 LONDON (Reuters) – Barclays (BARC.L: Quote, Profile, Research) and Royal Bank of Scotland (RBS.L: Quote, Profile, Research) will shortly advise corporate customers to avoid taking Internet bets from the United States, banking and gambling sources said on Thursday. “The two banks will be telling corporate clients they’re not prepared to do business with companies that take online bets from the United States,” said the source.

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