Gambling News

  • 10 July 2007

    UIGEA FAILED TO MEET THE DATE TO ENFORCE THE BILL

    Today marked the end of the UIGEA’s 270 day deadline to enter into action the regulations of the bill. It failed to do so. Here are some comments by one of G&C’s sources in high places: “As of 5pm est. time today, the meeting of the US Treasury was ended in still a blank.” Which from everything I have heard and seen today, could be a fabulous point for the internet gambling industry.

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  • 07 July 2007

    RGA endorses Internet Gambling Initiative:

    RGA-Remote Gambling Association has announced an endorsing of the Safe and Secure Internet Gambling Initiative (SSIGI). Working to promote legalizing and regulating online gambling in the USA. In May of 2007 the SSIGI was created by two U.K. based companies in order to help strengthen the bill bought forward by Rep. Barney Frank. Which is to license and regulate online gambling in the USA.

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  • 03 July 2007

    GAMBLING NEWS

    The law may be changed where Americans were stopped from playing online. The reasons why, read below: Will the UIGEA be reversed, changed, or revised? Read below to find out our up to date details. You might be shocked at the major companies that are supporting Barney Frank and the bills presented to make this turn around. Rep. Barney Frank, D-Mass, introduced a new bill to reform the UIGEA. The bill is IGREA- Internet Gambling Regulation and Enforcement Act.

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  • 29 June 2007

    Neteller co-founder Stephen Lawrence pleads guilty

    Stephen Lawrence, who founded Neteller together with John David Lafebvre, pleaded guilty today to charges of criminal conspiracy. Neteller processed billions of Dollars related to internet gambling. In a court room in Manhattan , NY, Stephen Lawrence said that he acknowledged that facilitating bets with offshore bookies was illegal. He agreed to be partially accountable for the 100 Million Dollars the government wants from people who were involved in the operation.

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  • 29 June 2007

    Barney Frank Gains more Co-Sponsors for his Internet Gambling Bill HR-2046

    Congressman Barney Frank is still out there for the American people, by gaining sponsors to his proposed bill to bring back legalization of online gambling. His proposed bill will end the ban imposed last year on online gambling in the United States. Barney Frank’s proposed bill, the HR-1046, to legalize, license, regulate and tax online gambling has gained another sponsor, Representative Don Young out of Alaska, to join 25 others at Frank’s side for a total of 27 at this time.

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  • 28 June 2007

    Covers and USA Today have Joined Forces

    All of the online sports gambling and betting that are run by large companies is sweeping the nation these days, of which we bet more companies are sure to follow, what happened to the common American’s rights to online gambling on any site in their own homes? This article should spark your interests. Sports-book ads in USA Today.com may shock many people with this statement posted on their website; “USA Today.com and Covers.

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  • 28 June 2007

    Betcha’s Bold Platform stands on the Edge of Gambling

    Betcha is a platform for peer to peer betting where they allow users to bet on four markets; News, Business & Finance, Arts & Entertainment and Sports. The founder, Nick Jenkins, is like many founders with a brilliant idea, and may be a little crazy to think that Betcha has no worries about two related things; it is based in Seattle, WA and all debts are on the honor system. Nick Jenkins says that Betcha is a third way to gamble and an EBay site for bets.

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  • 27 June 2007

    The EU’s First Steps towards Supporting Sports-Betting Services

    The European Commission is opening the door for sports-betting in countries close to home. We are hoping for the ripple effect to hit the US, where the online players can get back to a relaxing game in their own homes. Sweden and France have a request from the European Commission to amend their laws, following replies to letters of formal notice.

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  • 27 June 2007

    A UIGEA Injunction Hearing, Court Date is Coming Soon

    Hold off on those life boats for now. There may be a good piece of news for the online gamblers, should the courts prove that ‘the system’ does work. With stipulations against banks preventing online gambling with credit cards, the court will have open ears to the reasons why the processes with the UIGEA should not continue.

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  • 27 June 2007

    iMEGA Suit Challenges Unlawful Internet Gambling Enforcement Act (UIGEA)

    The cases brought forth against the UIGEA are making more waves around the world as each week slips by. It may be time to break out the life-boats on the high seas of internet gambling until this storm blows by or internet gamblers are saved by an unseen force. With its suit challenging the UIGEA, iMEGA has made a splash in the US Circuit Court vs. Alberto Gonzales.

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  • 26 June 2007

    The WTO Online Gambling Case has Seven Compensation Claims against the U.S.

    From one to three, three to four and now seven countries with claims to file for compensations because there is a disagreement for online gambling, how many more countries will step forward for their claim? Only time will tell. In the ongoing WTO online gambling case between the U.S. & Antigua and Barbuda, Casino City has confirmed seven compensation claims have been filed against the U.S.

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  • 22 June 2007

    Internet Gambling Talks between President Bush and Antigua’s Prime Minister

    We can only hope that the talks between the US President and Antigua’s Prime Minister will only come out peacefully in the end, where the ban on US online gambling may eventually be lifted. During the meeting between Caricom leaders and President Bush, the Antigua & Barbuda Prime Minister Baldwin Spencer raised a question about the country’s Internet gambling dispute with the US with his desire to settle this matter.

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  • 22 June 2007

    PartyGaming Cashing In; could become an Attractive Acquisition Target

    You heard it right, the chief executive at PartyGaming, Mitch Garber, as part of his planned series of share sales, has cashed in options worth more than £1.7m towards gifting the company’s employee trust a raft of shares to be awarded to employees. Party’s recent discussions with the US authorities, from an analyst’s note that was issued, could pave the way for the company to be snapped up by a US gaming or Internet giant.

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  • 22 June 2007

    Costa Rica Joins Antigua, Japan, India, EU re: Case against US Online Gambling Policy

    The political waves are reaching newer heights this week as Costa Rica enters the scene with Antigua and Barbuda, Japan, India and the EU, seeking compensations from the online gambling ban set forth by the U.S. You can find more information on this by The Associated Press release yesterday. From the hardships brought on by the US related crackdown on online gambling, the confirmation that Costa Rica, a Central American nation, is now seeking compensations of its own.

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  • 21 June 2007

    Japan and India Join in Filing WTO Complaint against U.S.

    The waters are getting choppy between the East, West and the Caribbean against the U.S. banning Internet gambling to U.S. players and their U.S. funds going to other countries. Geneva-The Caribbean nation of Antigua and Barbuda, yesterday said; that for the United States’ failure to comply with a World Trade Organization ruling that it’s Internet gambling restrictions are illegal, the U.S. should face commercial sanctions worth more than 3 billion U.S. dollars each year.

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  • 19 June 2007

    EU Joins Antigua in Complaint against UIGEA

    How much will it take before the ban is lifted on U.S. online gambling? Not just a questions of many American citizens, but it is now a world-wide question on the minds of The World Trade Organization, The European Union, British online gaming operators and many others are stacking up on this list as the months go by.

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  • 11 June 2007

    Introduction of Online Gambling Legislation Continues

    First, Rep. Barney Frank (D-MA) introduced the IGREA (tabled after hearings held Friday) then Rep. Robert Wexler (D – FL) introduced the Skill Game Protection Act, which is geared toward exempting games of skill like chess, mahjong and poker from the UIGEA Now another bill has been introduced by Rep. Jim McDermott (D – WA) titled Internet Gambling Regulation and Taxation Enforcement Act which would define the tax structure for the IGREA.

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  • 11 June 2007

    IGREA Tabled After Online Gambling Hearings

    The Plain Dealer reported that the UGREA, a bill that would legalize and regulate online gambling, has been tabled until its author, Rep. Barney Frank, can gather more support for his bill. “There are more votes for my position now than there were a year ago, but there aren’t yet enough,” Frank said after a hearing at which Barberton minister Greg Hogan Sr. described how his son, Greg Jr., robbed a bank to pay Internet poker debts.

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  • 11 June 2007

    Neteller Hopes To Announce Further Progress by July 13th

    Well the expected announcement from Neteller regarding the release of funds from US accounts arrived and the expected details of prompt money distribution did not. In a statement released by Neteller, it was stated “we are disappointed not to have been able to return funds to our US customers at this point, we believe that the steps we have made in our discussions are significant and we hope to be able to announce further progress with the USAO by 13 July 2007.

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  • 11 June 2007

    Testimony Given To House Committee - "Online Gambling Can Be Regulated In The US"

    Representative Barney Frank delivers as promised, taking the subject of online gambling to the House Committee on Financial Services last week.

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  • 11 June 2007

    Online Gambling Arrests Impact Industry

    The GIGSE or Global Interactive Gaming Summit & Expo as its formally known, is usually the online gaming industry’s biggest event, last year drawing 1800 attendees. Then came the arrests of online gambling executives while in the US and the attendance at this year’s GIGSE drew about half that amount. In an article in the Philadelphia Daily News they take a look at what happened and the repercussions. “Last July, David Carruthers, the chief executive officer of BetonSports.

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  • 04 June 2007

    Neteller Deadline Arrives For Plan To Distribute Funds To US Customers

    Way back in March, Neteller announced that it had signed an agreement with USAO and Navigant to outline terms and a timeline that Neteller would use to re-distribute the confiscated funds of its US customers. “The Group is pleased to announce that on 20 March 2007, it signed agreements with the USAO and Navigant which, among other things, outline terms and a timeline under which NETELLER will work toward the orderly distribution of funds to its US customers.

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  • 04 June 2007

    Online Casino PartyGaming Volunteers Information to US Dept of Justice

    Bloomberg reports that PartyGaming has been voluntarily having talks with the US Department of Justice about their activities before the UIGEA was signed last year. “…the world’s biggest Internet poker company said it has held discussions with the U.S. Department of Justice relating to its activities prior to October last year, when the country outlawed Internet gambling.

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  • 30 May 2007

    Will European Union Stand Against US And With Antigua In Online Gambling Battle?

    June 19th marks the next in a long line of deadlines for Antigua and Barbuda in their battle against the only remaining super power on the planet. The small twin islands challenged the US stance against online gambling in a WTO court and after a 4 year battle was declared victor.

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  • 30 May 2007

    Presidential Candidate Questions US Treasury Dept About UIGEA Delays

    Presidential hopeful Sen. Sam Brownback (R-Ka) made a visit to Treasure Secretary Henry Paulson earlier this month to question him regarding what he sees as delays to the enforcement of the UIGEA, saying the drafting of regulations has dragged on for months. “Are they going to be committed to enforcing this law,” Brownback asked, “and putting the personnel in place that it needs.

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  • 30 May 2007

    APCW Adds Podcast To Online Gambling Information Line Up

    Last night marked the first of the Association of Players, Casinos & Webmasters (APCW) weekly Podcasts. APCW is the same organization that produces the Perspectives Weekly video each Friday. Both productions are hosted by the multi talented J Todd and centered on the world of online gaming. They do a great job scripting and producing the videos but the podcasts add a new dimension… interaction.

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  • 27 May 2007

    Betex Execs Resign Over Possible Chinese Prosecution

    Following the arrest in April of three of Betex employees by China for allegedly being involved in illegal gambling, Peter Greenhill and Stuart Barker, the chief executive and finance director at Betex, resigned after failing to receive assurances from the Chinese authorities that they would not be arrested if they entered the country. Non-executive director Philip Goodmaker has also resigned according to eGaming Review.

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  • 27 May 2007

    Guilty Of Federal Racketeering Charges Says BetOnSports

    According to U.S. Attorney Catherine Hanaway and in a move that stunned the online gambling sector, BetOnSports PLC pleaded guilty to federal racketeering charges. The Fort Wayne Journal Gazette carried the details of the bargain in which Hanaway agreed to drop any further criminal prosecution of the company in return for BetOnSports cooperation in supplying witnesses and evidence in the pending cases against Carruthers, Kaplan and other lower-level defendants.

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  • 27 May 2007

    InterActive Gaming Council Gets New Chief

    The Interactive Gaming Council (IGC), which has as one of it’s corporate missions to promote and publicize the Gaming industry’s assets has appointed John Fitzgerald as its new chief executive. eGaming Review reports that Fitzgerald, who previously worked as general counsel at CryptoLogic, said he intended to redouble in his efforts to promote international regulation of the industry and that the sector was already very active in ensuring a safe environment for its customers.

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  • 24 May 2007

    Can Antigua Survive US Attacks On Online Gambling and Offshore Finance

    Ronald Maginley, columnist for the Antigua Sun, and spokesman for Antigua Offshore Gaming Association talked about Antigua, Barbuda and the WTO in his column today (the first of two installments) detailing the current battle being fought by Antigua against the US. Most of the information is common knowledge, having been headlined throughout Antigua’s long 4 year battle against the US. Other information is not.

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