Gambling News

  • 31 May 2010

    UIGEA Set To Go Into Effect Tuesday

    UIGEA, the Unlawful Internet gambling Enforcement Act, goes into effect on Tuesday, leaving many players wondering just how it will affect the way they gamble online.UIGEA was passed back in 2006, and since then, many lawmakers have been learned much about internet gambling and have changed their stance concerning UIGEA.Under UIGEA’s provisions, the banks are charged with policing internet gambling.

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  • 27 May 2010

    UIGEA Law Takes Effect June 1st: What it Means to Online Poker and Casino Deposits

    Just how this is going to affect everyone that plays online is still in question. The Bankers say that they do not know how they are going to implement this law, since it is so unclear and will take away the privacy from their customers. We will have to wait and see just what does happen when this law goes into effect. ORLANDO, FL, May 27, 2010 /24-7PressRelease/ — The Unlawful Internet Gambling Enforcement Act looks to be on track to go into full effect on June 1, 2010.

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  • 26 May 2010

    Neteller’s Name Used In Phishing Scam

    One of the oldest and most respected online payment services companies in the online gaming industry, has been used by persons unknown for a phishing scam. Someone has tried to use Neteller’s name on the internet to phish out sensitive information on unsuspecting victims.Before 2006 and UIGEA, Neteller was one of the premier payment services companies servicing the American online gaming industry.

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  • 24 May 2010

    The Great Debate: How To Tax Online Casinos?

    If nothing else, the debate over whether or not to regulating online gambling, has a new, somewhat hurried, question. That question has changed from “do we really want this?” to “how can we best do this and get the greatest windfall?”. To get there from here is going to be testy. On Wednesday, the House Ways and Means Committee heard evidence, pro and con, on how to raise money from online gambling.

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  • 22 May 2010

    US Land Based Casinos and Foreign Online Casino Operators Getting Friendly?

    Foreign online casino operators, the historic enemy of the US land based casinos, are getting all friendly like towards the US casinos. The new turn of attitudes is likely based on the billions of dollars up for grabs if and when the US legalizes and regulates online gambling. When the licenses go up for grabs, it will be beneficial for the foreign operators to have alliances in place with land based casinos in the US.

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  • 21 May 2010

    Oregon Rep. Changes Stand On Online Gambling

    Oregon Representative Earl Blumenauer issued a statement after Wednesday’s Ways and Means Committee hearing on Jim McDermott’s bill, stating that he was wrong to oppose online gambling and that he had learned that it was hypocritical to oppose it. He also cited the continual need for good sources of revenue. He said he no longer wished to restrict United States citizens from playing at online casinos.

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  • 21 May 2010

    Rep Frank Hopes To Bring Gambling Bill To Floor This Year

    Rep. Barney Frank, the Chairman of the House Financial Services Committee has said that he plans to bring his bill legalizing online gambling before his committee in July and hopes to have it passed by the House this year.Frank testified before the House Ways and Means Committee on Wednesday in support of a bill by Rep. Jim McDermott, which sets up a framework for taxing online gambling. The committee was hearing evidence for and against such a proposal.

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  • 19 May 2010

    House Committee Hears Tax Proposal on Online Gambling

    The House Ways and Means Committee held a hearing today on the tax proposals related to Internet gambling. According to Ways & Means Committee Chairman Sander Levin (D-MI), this was not a hearing about the legality of online gambling but, “We meet today to explore the tax implication and proposals to legalize internet gambling. We need to get a sense of the size and scope of this emerging market which is almost exclusively conducted today outside the United States.

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  • 19 May 2010

    Microgaming Coming to State Lotteries through Betware

    An agreement has been reached between Betware and Microgaming where as Betware will now be licensed to sell and market the Microgaming online casino games to lotteries at both the state and national level. Betware is a gaming and solution services vendor that started in 1996 and based in Iceland. It also has established regional offices in Denmark, Spain, Poland and Canada. The company boasts on its website it is “all a lottery or gaming company needs”.

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  • 19 May 2010

    Congress To Alter US Online Gambling Laws?

    On Wednesday, the House Ways and Means Committee will hear a proposal from Rep. Jim McDermott. His proposed legislation sets up a system to tax internet gambling. This legislation goes hand in hand with Barney Frank’s proposed legislation to overturn UIGEA (the Unlawful Internet Gambling Enforcement Act) and to also set up a system for regulating internet gambling.

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  • 19 May 2010

    Ireland To Offer Regulated Online Gambling

    With Ireland’s horse racing industry struggling in the current economic downturn, Brian Cowen, the Irish Head of Government, stated that he is looking to regulated online gambling as his solution to helping the racing industry. “This will have the additional benefit of facilitating the extension of the tax regime for the betting industry to all those providing online and telephone betting and so underpin funding for the racing industry”, said Cowen.

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  • 17 May 2010

    PPA Again Petitions To Have Poker Exempted From UIGEA

    John Pappas, Executive Director of the Poker Players Alliance (PPA), has once again petitioned Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke in an effort to have poker exempted from UIGEA’s oversight. The petition is also signed by 22 members of Congress.

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  • 17 May 2010

    Microgaming Is Migrating all US Players

    Big announcement! Starting June 1, 2010, casinos operating on Microgaming software will stop allowing US players to play in their casinos.An agreement has been worked out with a new casino called CasinoShare US. This casino is launching on May 17, 2010 and is aimed specifically  at providing United States players a site they can play at.IF you have ever played at Microgaming’s Players Palace casino, then CasinoShare US will be mighty familiar.

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  • 16 May 2010

    May 19th Set For Online Gambling Hearing

    The House Ways and Means Committee had announced a hearing on tax issues concerning possible changes to the online gambling laws in the United States. The Hearing is scheduled for May 19th. UIGEA, better known as the Unlawful Internet Gambling Enforcement Act is set to go into effect June 1. UIGEA makes it illegal for banks and other financial institutions to knowingly process payments from or to known or suspected gambling sites. Rep.

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  • 15 May 2010

    Poker Player Alliance to Rally in Olympia

    Lee Rousso, the Poker Players Alliance Washington State’s Director is trying to overturn a Washington State law that makes playing online poker a Class C felony; a Class C felony is equivalent to child pornography and heroin possession. Rousso’s argument is that the law violates the Commerce Clause of the United States Constitution.

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  • 14 May 2010

    Canadian Man Pleads Guilty in U.S. Online Gambling Charge

    Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.

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  • 10 May 2010

    Party Gaming Opens Offices in Los Angeles

    For U.S. online poker players that remember the days when PartyPoker was the biggest online poker site, there may be a glimmer of light at the end of the tunnel. Party Gaming released its Q1 report last week showing gains in revenue of 27% and Chief Executive Jim Ryan said of the U.S. market,“We are seeing increased momentum towards regulating online poker. It’s possible that it could happen this year and we’re prepared if it does.”Party Gaming which dominated the U.S.

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  • 09 May 2010

    Beverly Man Charged With Violating UIGEA

    The United States justice Dept. today announced that Todd Lyons, of Beverly, MA, was charged with 36 counts of racketeering and related charges, for running an illegal gambling business in the United States but with the internet site in Antigua. Lyons is one of the first persons charged with violating the Unlawful Internet Gambling Enforcement Act (UIGEA). And he is the first to be charged in Massachusetts.

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  • 06 May 2010

    No More Online Gambling Barriers in Italy

    Online gambling in Italy will now be less restrictive according to an announcement made by the European Commission. Before today, The Italian Olympic Committee (CONI) and the National Horse Breeders Enhancement Society (UNIRE) had the exclusive rights to sports betting and organizing online gambling. This meant not only could other European gambling operators not offer their services in Italy but even their websites were effectively blocked.

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  • 04 May 2010

    France to Legalize Online Casino Gambling

    The government of France has decided to legalize online casino gambling. Going in direct defiance of recent actions by Estonia and Belgium, France has drafted a law that would legalize online casino gambling and would allow local and foreign investors to invest in this activity and partake in the more than 1 billion Euros played by French citizens in the last year. France will benefit in a big way from the taxes to be paid by each online casino.

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  • 03 May 2010

    Barney Frank’s Bill Gains More Support

    Barney Frank and his bill to legalize and regulate online gambling have gained two big names as co-sponsors. Joining Frank’s fight for online gambling are Dina Titus (D-NV) and William Owens (D-NY). They joined the fight as co-sponsors on April 15.Dina Titus joining the fight is seen as a good omen by some.

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  • 29 April 2010

    Daniel Tzvetkoff Bail Reversed

    Daniel Tzvetkoff UpdateThere has been more than a few who have wondered aloud why Daniel Tzvetkoff would be allowed to make bail in his case as a Las Vegas court had ruled before. It seems a New York court has another idea and today, sighting that Tzvetkoff was a serious flight risk, revoked his bail. A new hearing is scheduled however to determine if he would have to stay in jail or be allowed monitored home detention.According to Judge Lewis A.

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  • 28 April 2010

    Daniel Tzvetkoff Indicted By Grand Jury

    Brisbane businessman Daniel Tzvetkoff, former CEO of gambling funds processor Intabill Inc., has been indicted by a federal grand jury. He now faces up to 75 years in prison and over $500 million in fines if convicted. The grand jury indicted him on charges of illegal gambling, money laundering and bank fraud.

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  • 28 April 2010

    Canada Pushing Legal Online Gambling

    It seems like Canada is considering taking steps to get there part on the $30 billion global online gambling market. Though gambling online is legal in Canada, operating a gambling site in that country is not. Meeting at the Canadian Gaming Summit in Calgary this week, online gambling officials, including John FitzGerald, president of the Interactive Gaming Council are calling for a change. They would like to see governments take action to protect players from being taken advantage off.

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  • 24 April 2010

    Banker Weighs In On UIGEA

    Steve Kenneally, Vice President of the American Bankers Association, recently gave an interview where he spoke out against UIGEA. In the interview, he called the law ineffective and a costly piece of legislation.  He stated that the banks will be able to enforce the law in most cases, but it will take time to implement. He went on to state that there are certain types of transactions that the banks will not be able to stop. One example would be wire transfers.

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  • 22 April 2010

    Daniel Tzvetkoff Granted Bail In Las Vegas

    Daniel Tzvetkoff, a failed Brisbane internet gaming businessman, was arrested Friday in Las Vegas while attending an e-commerce conference. A U.S. Federal Court judge has agreed to release him on bail after his father agreed to put up his $1.1 million home for surety.Tzvetkoff was arrested in a casino after he was spotted by people to whom he owed a lot of money. He was charged with money laundering more than $540 million through his internet business.Judge Peggy Leen, disagreed with the U.S.

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  • 22 April 2010

    Does Senator Harry Reid Want Online Gambling?

    Rumor control has it that Senator Harry Reid (D-Nevada) is interested in presenting legislation to the U.S. Senate which would legalize online poker, and online poker only. These rumors, which have been around for a while now, have been picking up speed and momentum as of late.Reid represents the State of Nevada, which of course is the home state of Las Vegas, the gambling capitol of the U.S. As such, he has always been very protective of the great casinos there.

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  • 20 April 2010

    Daniel Tzvetkoff Turned In By Online Poker Houses

    Daniel Tzvetkoff traveled from Brisbane to Las Vegas for a ten day internet billing conference. He was arrested by U.S. authorities on Friday, charged with money laundering, money laundering conspiracy, gambling conspiracy and bank fraud conspiracy. If convicted on all charges, he faces up to 75 years in U.S. prisons.He will have a bail hearing on Wednesday. We will let you know how that goes.The U.S.

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  • 19 April 2010

    Online Gambling is Half-Way There In Two States

    Last week was a good week in relation to online gambling. The State Senate in Florida passed a bill that brings formal cooperation between the State of Florida and the Seminole Tribes casinos. The debate has raged for years, but all that ended with a 29-9 vote. That leaves the ball in the House. They now need to vote on the bill and get it before Governor Charlie Christ. His signature on the bill is virtually certain.The bill legalizes several table games, such as blackjack and baccarat.

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  • 15 April 2010

    Online Gambling Amendment Approved by Massachusetts House

    Well give this state a BIG hand!!! Finally one that has come to their senses. Maybe this will lead to more and more doing the same. We can only hope! If we continue to let them know what we want and that is “our Rights”, it will change things. Hot off the press!! 14 April 2010 WASHINGTON, D.C.

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