• Gambling News

    • 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. TMJ4, an NBC affiliated television station, carried this report “Regulated Internet Gambling: Better Protect American Consumers“

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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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    • 23 May 2007

      Carve Outs In UIGEA Means Racetracks Can Offer Online Gambling To Non-US Citizens

      Bob Evans, CEO of Churchill Downs, told a group at their business luncheon that Churchill Downs and the Kentucky Derby could be the ‘new online casinos in the future catering to non-US citizens’.Mr. Evans said his company is allowed to have an online presence because of the exemption for Internet horse wagering put in the UIGEA. He emphasized his company would be allowed to offer casino and gambling games outside of horse racing if they offered them to non-US citizens.

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    • 23 May 2007

      Frist and Leach On 'World Bank President' List

      Paul Wolfowitz, President of World Bank, announced he would resign his position by the end of June, leaving under a dark cloud that stemmed from a controversy regarding a $50,000 pay raise with a guarantee of further raises and promotions that he engineered for Shaha Ali Riza. Ms. Riza is also employed at World Bank and is and has been Wolfowitz’s girlfriend since before his assignment as President.Wolfowitz was appointed President of World Bank by President George W. Bush.

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    • 19 May 2007

      Online Gambling, David Carruthers and UIGEA - Dominique Speaks Out

      During a discussion on the aggressive stance David Carruthers and his legal team has undertaken in response to his arrest in connection with online gambling site BetOnSports, Games and Casino’s own Dominique expressed her views on actions, catalysts and free speech. “We sorely need injured parties like the UK to speak up. David C. has the right idea, he appeals to the various affected British channels. The EU also has a bone to pick with the US regarding this.

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    • 19 May 2007

      Over $78 Million Neteller, Citadel and FirePay Funds Siezed By DOJ

      By now most people with an interest in online gambling know about the arrest of the Neteller founders and the confiscation by the US DOJ of over $55 million of customer funds said to be in transfer through US financial institutions at the time of the arrests.

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    • 19 May 2007

      David Carruthers, Ex CEO of BoS Prepares For Battle

      There’s a great article at Covers.com that discusses the battle David Carruthers, ex CEO of BetOnSports, is preparing for in a US court of law. Games and Casino reported earlier this week that Carruthers had sent a letter to BoS advisors and politicians asking the UK for help. “…Carruthers is the former CEO of U.K.-based sportsbook, BetonSports.com. He was arrested last July in Fort Worth… charged with numerous offenses related to the operation of the company.”

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    • 17 May 2007

      Founder of BetOnSports Pleads Not Guilty

      Gary Kaplan, founder of BetOnSports had his day in court Tuesday, at least one of them. On May 15, 2007 he pled not guilty to racketeering and conspiracy charges related to the British online gambling company’s allegedly illegal acceptance of bets from the U.S. The New York Post reports that Kaplan, 48, entered his plea before U.S. Magistrate Mary Ann Medler in St. Louis federal court, 10 months after U.S. prosecutors unsealed an indictment against him.

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    • 17 May 2007

      Neteller Case Rescheduled to May 30th

      I know this is going to come as a big surprise but the court case for the two Neteller founders Lawrence and Lefebvre has been rescheduled again. The two men were arrested in January on charges which included money laundering and promoting illegal gambling. This will be the 5th court date and 4th continuance granted in this case. I erroneously reported it was the 4th continuance last month. Attempts to follow this case and get accurate information has proven to be educational.

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    • 16 May 2007

      David Carruthers, BoS Ex-Boss, Asks UK For Help

      Just in from eGaming Review are reports that “David Carruthers, ex-chief executive of BetonSports, has sent a letter asking for individuals at the company’s former advisers to lobby the UK government, the EU and UK and European Members of Parliament on his behalf as part of his attempts to use the recent WTO decision as part of his defence.

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    • 16 May 2007

      bwin Wins Title 'World's Biggest Publicly Listed Online Gaming Provider'

      The Financial Mirror reports that for the first time ever in Q1 2007 now ended, bwin Interactive Entertainment AG has won the title they’ve been seeking since 2004. They are now officially the ‘Worlds’ Biggest Publicly Listed Online Gaming Provider’, speaking in terms of both the number of active customers and gross and net gaming revenues.

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    • 16 May 2007

      New Google Program Compiles Psych Profile of Online Players

      Google has submitted a patent request (US and Europe) for a new program that compiles psych profiles of online ‘gamers’. The thought behind the program is that a player’s in-game behavior provides insight into that player’s personality type. Traits like honest or dishonest, passive or aggressive and includes their personal preferences. This program would then help advertisers target players more effectively.

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    • 16 May 2007

      Bwin Betting On Czech Gamling Increasing

      Czech Business carried an interview with Bwin Interactive regarding the Czech government’s stance on online gaming and Bwin’s successful European operations. “Foreign online gambling companies are betting they’re onto a Czech business jackpot because government officials will never be able to stop their Internet activities run from abroad.

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    • 16 May 2007

      Former Senator Calls For Regulation Of Online Poker

      Poker Players Alliance recently hired Alphonse D’Amato to act as their spokesman for the PPA. In an article by former Senator D’Amato and carried by the Boston Herald, he discusses government’s biggest blunders, self-serving politicians and outrageous legislation; all of which apply to the UIGEA. “Perhaps the biggest government blunders in U.S. history have been prohibitions.

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