Gambling News

  • 30 March 2007

    Online Gambling Prohibition Results in Offshore Gambling Boom

    Information Week By Alice LaPlante March 29, 2007 04:00 AM Far from slowing its growth, a government crackdown on online gambling has sent many sites offshore, and many others underground. But it’s a good bet that Internet poker will remain a booming industry. “…But not everyone was so easily spooked. A large numbers of online gambling companies chose to keep their casinos open. Although now operating illegally according to U.S.

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  • 30 March 2007

    Walmart Provides Poker Players An Alternative To Unsafe Payment Processors

    The Register Thursday 29th March 2007 House of Cards The online payment processing industry took it in the chops again this week, as the Electronic Clearinghouse, Inc (ECHO) settled with the US government over allegations that it profited from online gaming transactions by supplying Neteller with payment processing services prior to the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) last October.

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  • 30 March 2007

    UK House of Lords Deals Joker To Online Gaming Plans

    Telegraph By Harry Wallop Last Updated: 1:22am BST 30/03/2007 The casino industry never had a particularly high opinion of the Government but, after the events of the past 10 days, Labour ministers are being viewed with as much relish as a card-counter at a blackjack table. “The UK is the laughing stock of the world, it really is,” said one senior casino executive.

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  • 30 March 2007

    Online Gaming Group 888 Branches Out - Going Into Online Bingo

    REUTERS Thu Mar 29, 2007 LONDON, March 29 (Reuters) – Online gaming group 888 Holdings said on Thursday it was buying the online Bingo business of Globalcom Limited for up to $43.4 million in cash, adding that the deal would enhance earnings immediately. 888 said it would pay $32.4 million, less amounts payable to customers, over a year following completion of the deal. It will pay an extra $11 million depending on performance of the unit which includes twofatladies.

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  • 28 March 2007

    Deal With DOJ Means No Charges Against ECH Payment Processor

    REUTERS March 28, 2007 U.S. prosecutors said on Wednesday they had reached an agreement to not file charges against payment processor Electronic Clearing House Inc. (ECHO.O: Quote, Profile , Research), saying the company is cooperating with the government’s probe into Internet gambling. The company was involved in the transfer of money on behalf of online payment services known as “e-wallets,” which mostly handled illegal transactions with online gambling Web sites, the U.S.

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  • 28 March 2007

    NY Police Arrest Their Own In Bookmaking Operation

    Gambling911 reports a bookmaking operation run by police officers has been broken by New York State Police. 18 individuals are on the list to be announced later today in a press conference. The offshore company is 50Ksports, based out of Costa Rica.

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  • 28 March 2007

    Online Gambling Shoots Down ECHO / Intuit Deal

    DIGITAL TRANSACTIONS (March 27, 2007) Merchant processor Electronic Clearing House Inc. and accounting-software giant Intuit Inc. on Tuesday announced that their planned $142 million merger is off. ECHO chairman and chief executive Joel M. Barry laid much of the blame on a federal investigation into Internet gambling that will involve a $2.

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  • 28 March 2007

    Sportingbet to Move Online Gambling Operation to Channel Islands

    Ledger-Enquirer Wed, Mar. 28, 2007 Associated Press LONDON – Online gambling company Sportingbet PLC, forced to quit the U.S. after lawmakers effectively made the business illegal, said Wednesday it will transfer the group’s operations to the Channel Islands. The company said it is making the move offshore because there remains uncertainty surrounding the precise operational requirements of the 2005 U.K. Gambling Act.

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  • 28 March 2007

    Curacao's Giro Bank Warned 'Stop Online Gaming Business'

    Giro Bank received a letter from it’s sister bank in the US telling them they have to stop doing gaming business or lose the or lose the correcesponding relationship, reports Gambling911. In response to that letter, Giro is sending out their own letter to their gaming clients to let them know. It’s not known what gaming companies might be affected, although VIP.com and Pinnacle Sports base their operations from Curacao.

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  • 26 March 2007

    Neteller Halts Service to Canadian and Turkish Online Gambling Market

    GamingIntelligenceGroup March 26, 2007 NETeller Plc, the British online money transfer business, today announced that it was withdrawing its payment services to online gaming sites for Canadian and Turkish customers. The move is in response to recent regulatory developments surrounding online gaming in Canada and Turkey, which have significantly increased the risk to the Groups ongoing business in those markets.

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  • 23 March 2007

    EU Tells Germany To Rethink Plans To Ban Online Gambling

    REUTERS Fri Mar 23, 2007 12:54 PM BST20 By Huw Jones BRUSSELS, March 23 (Reuters) – German regions have been told by the European Commission to rethink plans to ban online gambling or face possible legal action, an official at the EU’s executive arm said on Friday. It is the latest clash between Brussels and European Union countries over the betting industry, which is restricted to state-owned monopolies in some EU member countries.

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  • 22 March 2007

    European Commission Initiates Proceedings Against Discriminatory States

    ATE Online reports Commission steps up proceedings against discriminatory states. The European Commission has launched the second stage of legal proceedings against Denmark, Finland and Hungary over what it sees as measures to restrict the free movement of sports betting services. It has demanded, in the form of reason opinion, that the EU member states amend their laws, after calling them unnecessary and discriminatory.

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  • 22 March 2007

    15% RTG Tax Hurts UK Aspiration To Lead In Online Gambling

    eGamingReview reported the Remote Gaming Association (RGA) has expressed disappointment at the 15% rate which the UK chancellor Gordon Brown has set for the new remote gaming tax. The remote gaming tax rate has been set at the same rate as gross profits tax payable by UK-based bookmakers. John Coates, RGA chairman, said the 15% rate means the UK government has “effectively turned its back on the industry”.

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  • 21 March 2007

    SorryAboutOurPresident.com Has Plenty of Fuel For The Fire

    There are a lot of sites on the internet devoted to political discussion, debate and satire. A new site fast gaining in popularity is SorryAboutOurPresident.com The site invites visitors to post an apology for the US President to the rest of the world and as can be expected in a forum of this type, there are some pretty heated comments. Some of the posts are humerous, some well thought out, many are sincere.

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  • 21 March 2007

    Neteller Strikes Deal - US Customers Want To Know The Terms

    Neteller today updated their Frequently Asked Questions section to reflect the announcement made that March 20, 2007 they had struck a deal with the US Department of Justice for the repayment of held funds. When will US customers get their money back? The recent agreements between NETELLER, Navigant Consulting, and the US Attorney’s Office (USAO) represent an important step in the process of an orderly distribution of funds to US customers.

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  • 21 March 2007

    Neteller Funds Seized By DOJ May Be Released Within Next 75 Days

    REUTERS UK Wed Mar 21, 2007 9:40 AM BST137 LONDON, March 21 (Reuters) – British payment processor NETeller (NLR.L: Quote, Profile , Research) said on Wednesday it expected to announce a plan to distribute funds seized by U.S. prosecutors to its U.S. customers within the next 75 days. NETeller quit the United States in January, abandoning 65 percent of its business, after authorities there arrested its two founders in a crackdown on online gaming. A month later, NETeller said U.S.

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  • 17 March 2007

    Neteller Customer Coalition Membership Seeks Other Options For Release Of Funds

    March 16, 2007 the Department of Justice again postponed court proceedings against the 2 Neteller founders arrested in February. The new court date is April 16th and hopefully there will be no further delays. What this means for Neteller customers whos money is tied up in this investigation is another matter. There seems to be little concern from either the Dept of Justice or Neteller regarding the release of millions of dollars in customer funds frozen or confiscated as a result.

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  • 17 March 2007

    Frank Promises Details On Repeal Of Online Gambling Ban

    REUTERS WASHINGTON (Reuters) – Rep. Barney Frank said on Thursday he will give details in the coming weeks on possible legislation to repeal a ban imposed last year on online gambling. In an interview, the chairman of the House of Representatives Financial Services Committee said he is in no hurry and plans to consult with others on the matter. “I’m not ready to give you more details, but I will be by next week or so. We’ll talk more about it later.

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  • 15 March 2007

    American Gaming Association Has 'No Comment' On Repeal Of UIGEA

    eGaming Review Following yesterday’s news that US Congressman Barney Frank had confirmed he was working on legislation to repeal the Unlawful Internet Gambling Enforcement Act, the American Gaming Association (AGA), the trade body for the US land-based casino industry, told eGaming Review that it would not comment on the development other than to reiterate its view on the matter.

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  • 14 March 2007

    Barney Frank Works On Legislation To Repeal Unlawful Internet Gambling Enforcement Act

    eGaming Review The office of US Congressman Barney Frank, who is chairman of the House financial services committee, has confirmed that he is currently working on legislation to repeal the Unlawful Internet Gambling Enforcement Act. The news item appeared this afternoon on the Financial Times website and has been confirmed to eGaming Review by Frank’s press department. The details of how any repeal would take action have not been worked out and no timeframe was given.

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  • 14 March 2007

    European Court Ruling Welcomed By Online Gaming In Europe

    It looks like things are looking up in some parts of the online gambling world; particularly in Europe! The European Court of Justice, Europe’s highest court, ruled that Italy can’t stop bookmakers from other countries from operating in that country. Italy was using their legal system to protect their own state run gambling model and keep it as a monopoly. They aren’t the only ones that were trying to do that either.

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  • 14 March 2007

    Speculation On Dropped Charges For Neteller Founders Fuels Online Gaming Stock Rise

    UK online gambling stock rose earlier this month amid speculation that US Congressman Barney Frank was going to introduce legislation calling for a review of UIGEA. Now new gossip floating the current rise in UK gambling stock credits the speculation that charges against Lefebvre and Lawrence, Neteller founders arrested in February and held in the US are about to be dropped.

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  • 13 March 2007

    Online Gambling Sites Work Around UIGEA

    San Francisco Chronicle Tom Somach, Special to The Chronicle Monday, March 12, 2007 Thinking of going online and wagering on a few games in the upcoming NCAA basketball tournament? Uncle Sam doesn’t want you to, but he’s having trouble stopping anyone. The government’s latest effort to get Americans to stop gambling via the Internet has been largely ineffective, according to the online gambling industry.

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  • 13 March 2007

    Online Gambling Charges Dropped In Landmark Decision In Phillipines

    Declaring Internet Gambling was not covered by Presidential Drecree 1602 which deals with penalties for illegal gambling, the city prosecutor’s office dismissed the illegal gambling charges brought by the Nationl Bureau of Investigation against British Grand Vision International in Clark, Phillipines.

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  • 13 March 2007

    China Adds Online Gaming To National Security Risk List

    THE REGISTER By Burke Hansen in San Francisco → More by this author Monday 12th March 2007 House of Cards-Although the Chinese government recently announced a purifying moratorium on internet cafes – the same week the Communist Youth League penned a contract with leading gaming developer Playtech to provide software for large scale internet-based gambling tournaments – the cadres in Beijing know that internet cafes are only an embodiment of something much larger and more

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  • 13 March 2007

    UK Ban On Gambling Ads Dropped

    SKY.com Tuesday March 13, 2007 Casinos, betting shops and online gambling sites will be able to advertise on television under new rules announced today. The change in the rules come into force in September as part of the Gambling Act 2005. However, commercials must comply with a code which aims to ensure they are “socially responsible”. This means the adverts must not imply gambling can be a solution to financial problems and must not be directed at children or young people.

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  • 12 March 2007

    Man Gets Probation For Running Sports Gambling Operation

    Fon du Lac Reporter By Amie Jo Schaenzer A Ripon business owner who told a judge he didn’t make any money off a sports gambling operation he ran has been placed on probation for one year and ordered to perform 100 hours of community service. During a plea and sentencing hearing Friday for Dan D. Mullowney, 46, three felony gambling charges were amended to misdemeanor gambling offenses.

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  • 09 March 2007

    Canada Warns Alberta Cree Band To Halt Online Gambling Plans

    Canada.com Tuesday, March 06, 2007 EDMONTON (CP) – Alberta’s top cop is warning a Cree band to halt plans to set up an Internet gambling haven on their reserve near Edmonton. Solicitor General Fred Lindsay also says he’s become aware that the Mohawks, who run illegal gambling operations in Quebec, have been advising the Alexander First Nation.

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  • 28 February 2007

    China Vows To Crush Online Gambling For Harmony's Sake

    THE REGISTER Anti-obsession controls already in place By Burke Hansen in San Francisco Wednesday 28th February 2007 Due to its proximity to mainland China, gambling development in Macau has exploded – recently even surpassing Las Vegas’ legendary Strip in revenue terms – and international players, such as Ladbrokes, have been positioning themselves to expand into the mainland itself when the time is right. It could be a long wait.

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  • 27 February 2007

    Former 888 CEO To Show At Interview With French Authorities

    eGaming Review eGaming Review has learned that John Anderson will attend the interview with the French authorities on March 13. 888 said in a statement this morning that its non-executive director and former chief executive had been asked to attend the interview with the French gaming authorities. The company added that the French market represented “an immaterial percentage of its business” and that it would continue to consult its legal advisers in relation to this matter.

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