Gambling News

  • 16 February 2007

    CryptoLogic Posts Profits Down 70.6% Since US Gambling Law

    Winnipeg Free Press Thu Feb 15, 2007 TORONTO (CP) – Gaming software producer CryptoLogic Inc. (TSX:CRY) said Thursday its fourth-quarter profit dropped 70.6 per cent to US$1.7 million in its first report reflecting financial performance since the U.S. government declared a ban on online gambling. For the ended Dec. 31, the company’s earnings were equivalent to 12 cents per diluted share, down from $5.8 million or 43 cents per share, in the same period last year.

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  • 16 February 2007

    Casualty List From US Online Gambling Ban Continues To Grows As Neteller Cuts 250 Jobs

    Neteller reported today that it plans to cut 220 jobs in Canada and 30 in the UK; a direct result of their exit from the US market which was escalated by the arrest of its founders in the US last month. The arrests were the latest in a long list of actions taken by the US against the online gambling industry in an intense effort to cease all online gaming within its borders.

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  • 15 February 2007

    US Attorney's Office Holds Off Indictment And Onto Neteller Customer Funds

    G&C Editors Note: It’s unclear whether Neteller founders, Lefebvre and Lawrence, were in court for the preliminary hearing or whether the hearing even took place. Very little information is available at this time. This will be updated as information comes in. USA TODAY 2/14/2007 10:55 PM ET By Jon Swartz, USA TODAY SAN FRANCISCO — The waiting game for thousands of U.S. patrons with money tied up in an online payment service under federal investigation just got longer. The U.S.

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  • 11 February 2007

    ONLINE GAMBLERS ' SADLY MISTAKEN'; NO CHANGES TO ONLINE GAMBLING BAN SAYS AGA

    LAS VEGAS SUN Jeff Simpson on why it’s unlikely the online gambling ban will be reversed February 11, 2007 at 7:18:8 PST American Gaming Association President Frank Fahrenkopf told me last week that if online poker players are confident they can persuade Congress to pass a law that would define poker as a game of skill, they’re sadly mistaken.

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  • 10 February 2007

    Canada First Nation To Establish Online Gambling Haven Like Kahnawake

    EDMONTON JOURNAL Jason Markusoff; with files from the Canadian Press Published: Saturday, February 10, 2007 EDMONTON – There is a glimmer of hope the Alexander First Nation can successfully fend off a showdown the government has threatened over the band’s attempts to create a haven for online casinos, legal experts say.

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  • 09 February 2007

    Sullum Opines 'Neteller's Open and Honest Conspiracy'

    REASON MAGAZINE::REASON ONLINE Jacob Sullum, Senior Editor, Reason Magazine | February 7, 2007 Although Stephen Lawrence and John Lefebvre are charged with money laundering, there was nothing sneaky about their “conspiracy.” In 1999 the two Canadians co-founded Neteller, an online payment processing company, now based in the Isle of Man, that openly specialized in serving online gamblers.

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  • 09 February 2007

    UK Looks To Antigua and Barbuda In Developing International Online Gambling Regulations

    Caribbean Net News Friday, February 9, 2007 ST JOHN’S, Antigua: Antigua and Barbuda’s Financial Services Regulatory Commission, Division of Gaming has announced that the country expects to play a key role in developing international regulations and legislation for remote gambling following publication of the UK Government’s communique regarding the 2006 International Summit on Remote Gambling.

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  • 08 February 2007

    Canada Probes Indian Nation's Online Gambling Plans

    CANADA.com Jason Markusoff, Shawn Ohler, CanWest News Svc; Edmonton Journal Thursday, February 08, 2007 EDMONTON – A northern Alberta First Nation that is offering to host online casinos is under investigation by the Alberta Gaming and Liquor Commission. The commission says it will crack down on what it deems would be illegal gambling.

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  • 08 February 2007

    Canada Province To Conduct Online Gambling Survey

    The Calgary Sun Thu, February 8, 2007 By TODD SAELHOF, SUN MEDIA The city’s top Catholic and fellow-social activists are furious over a possible provincial cash grab through online gambling. Bishop Fred Henry calls media reports the Alberta government planned to collect revenue through Internet betting as “an intemperate, ill-advised, immoral decision. “It should be a short study,” Henry said yesterday of a government survey to gauge opinions about Internet gambling.

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  • 08 February 2007

    US Prosecutors Are Reason US Customers Can't Access Funds According To Neteller

    CNN CNNMoney.com February 8 2007: 9:11 AM EST LONDON (Reuters) — British payment processor NETeller said Thursday U.S. prosecutors had seized funds, stopping U.S. customers from accessing their money, the latest move in an online gaming sting. NETeller, which quit the United States last month after authorities arrested its two founders, said it was cooperating with an investigation by the U.S. Attorney’s Office (USAO) for the Southern District of New York.

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  • 08 February 2007

    Neteller Issues Press Release, Working To Return Funds

    PRESS RELEASE 8 February 2007 – NETELLER Plc (LSE: NLR), the leading global independent online money transfer business, today issued the following update with regard to its US business and criminal charges against two of its founders.

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  • 08 February 2007

    US Gambling Legislation Affects Lasseters Bottom Line

    Australian IT Ben Woodhead FEBRUARY 08, 2007 ONLINE casino Lasseters has suffered a 35 per cent slump in first half revenue after changes to gambling laws forced the company to fold its US operations in October last year. Lasseters also swung into the red in the six months to December 31 as US income dried up and high technology depreciation costs turned a $823,531 net profit a year ago into a $4.9 million loss. The company’s $7.1 million pre-tax loss included $6.

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  • 06 February 2007

    ANTIGUA WILL LOOK TO EU FOR ONLINE GAMBLING SUPPORT

    Antigua Sun Tuesday February 06 2007 The position of a senior European Union official that America’s Unlawful Internet Gambling Enforcement Act is “protectionist” has sparked the attention of Antigua & Barbuda gaming officials.

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  • 06 February 2007

    US Trying To Link Online Gambling To Terrorism

    LAS VEGAS BUSINESS PRESS BY BOB SHEMELIGIAN The chips are down for principals in online gambling operations, and the cyberspace scenario is probably going to get worse. That’s because federal officials, already incensed over billions in gambling revenues leaving the U.S., are trying to link Web gambling to terrorism.

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  • 06 February 2007

    YouTeller Claim Of Certification In Doubt

    eGaming Review A new payments processor which says it will be open for business in March this year appears to be falsely claiming to be certified by the UK Financial Services Authority (FSA). YouTeller claims on its website to be a trademark of a company called Seed Capital Ltd, and gives an address in east London. A link on the company’s contacts page then diverts to the FSA register of Small E-Money Issuers where a company called Seed Capital Ltd is indeed listed.

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  • 05 February 2007

    Online Gambling Ban Brings Back Bookies

    The Salt Lake Tribune By Peter Sanders The Wall Street Journal Today, a 28-year-old Hollywood assistant named Seth plans to enjoy the Super Bowl in the same way millions of other football fans will – he’ll bet on it. How, exactly, will he wager that $100 burning a hole in his pocket? One thing he knows for sure is that he won’t do it legally. Trekking to Vegas for the weekend is out of the question.

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  • 05 February 2007

    Congress Made Bad Call On Online Gambling

    Daily Breeze February 4, 2007 The best bet would be for the government to lift the online gaming ban and instead license, regulate and tax Web sites that seek American bettors. Daily Breeze editorial Super Bowl Sunday is a good time to examine the federal government’s hypocritical relationship with gambling. Betting at Native American casinos on federal land is fine. Wagering in Nevada and New Jersey is OK, too. State lotteries are great. So is the stock market.

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  • 03 February 2007

    Perspectives Weekly For February 2 - J Todd Is Loose In London

    The Beatles accompany the start of this week’s Perspectives Weekly for February 2, 2007 and it’s the 2nd video shot in London where J. Todd was attending CAP Euro. I can verify it really was J. Todd even though he didn’t introduce himself in the video.

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  • 02 February 2007

    US DOJ Actions Effectively Freezes Neteller Customer Funds

    USA TODAY By Jon Swartz, USA TODAY SAN FRANCISCO — The federal crackdown on online gambling has tied up the funds of thousands of U.S. patrons of two of the largest services. The crackdown on BetOnSports, which no longer takes sports wagers from the USA, and Neteller — an Internet payment service popular among gamblers — is intended to put a dent in the $10.6 billion industry.

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  • 02 February 2007

    Judge Rules Against Online Gambling; Upholds Monopoly Israel

    PANORAMA A precedent-setting ruling was delivered this week against online poker and online gambling in the Israeli court case involving Gibraltar-based online bookmaker Victor Chandler’s CEO Michael Carlton, effectively banning online gambling companies from delivering any services to Israeli customers.

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  • 30 January 2007

    New Payment Processor 'YouTeller' Touted As Neteller Replacement For Online Gambling

    NewswireToday - /newswire/ – London, United Kingdom, 01/30/2007 – Shortly after Neteller announced its decision to pull out of the US gaming market on January 18, the London-based technology company Seed Capital Ltd. introduced a new payment processing service ‘YouTeller.com’. “We will start in March with a revolution in simplicity of worldwide online payments.

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  • 30 January 2007

    DoJ DENIES IMMEDIATE ONLINE GAMBLING ARRESTS ARE PLANNED

    eGaming Review DoJ denies imminent indictment rumours Rumours suggesting further online gaming arrests planned for this week have been denied by the Department of Justice (DoJ) in New York and Washington DC this afternoon. A spokesperson said: “Nothing would be made public until an individual or company was charged.

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  • 30 January 2007

    Manchester To Host UK SuperCasino

    REUTERS Tue Jan 30, 2007 1:01 PM GMT143 By Pete Harrison LONDON (Reuters) – Manchester unexpectedly won the fight to host the first Las Vegas-style supercasino on Tuesday, beating challengers including nearby Blackpool and London’s Millennium Dome. Most industry analysts had predicted that either Blackpool, the Dome in London or Glasgow would win.

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  • 30 January 2007

    Possible Challenge To Internet Gambling Law From EU

    REUTERS Tue Jan 30, 2007 11:41 AM GMT143 BRUSSELS (Reuters) – U.S. restrictions on online gambling may be challenged by the European Union, the bloc’s top financial regulator said on Tuesday. “In my view it is probably a restrictive practice and we might take it up in another fora,” EU Internal Market Commissioner Charlie McCreevy told the European Parliament.

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  • 28 January 2007

    House Bill 1243 Introduced To Remove Felony Language in Current State Legislation

    Strow Introduces Bill 1243 into Washington State Legislature Press Release – Washington House Republicans 10th District legislator introduces bill to provide an affirmative defense to the Class C Felony created by 2006 internet gambling bill Rep. Chris Strow, R-Whidbey Island, today announced his legislation, House Bill 1243, to quash the felony charge language in last year’s legislation addressing in-home internet gambling.

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  • 27 January 2007

    Updated Online Gambling Info In This Week's Perspectives Weekly

    Join the Fight and J Todd as he presents the weekly video Perspectives Weekly – January 26th, 2007 This week’s video was shot in London where J Todd is attending the ICE and CAP Euro Conventions and covers the hot topics in Online Gambling: An Update on Neteller Arrests DOJ’s demand for information from Banks in US and UK WTO Upholds Recent Ruling – US loses New York state filtering (censoring) internet? Rumor and Fact A huge plus for me in this week’s

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  • 26 January 2007

    eCOGRA Releases Results From Study Of Online Gambler

    WORLD’S LARGEST STUDY OF THE ONLINE GAMBLER REVEALED (Press Release and eCOGRA Global Online Gambler Report can be downloaded at eCOGRA) The first comprehensive picture of the ‘average’ online gambler emerges today from a huge new research project involving nearly 11,000 players from 96 countries. The ‘eCOGRA Global Online Gambler Survey’ commissioned by industry self-regulatory body eCOGRA (www.ecogra.

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  • 25 January 2007

    US Suffers Setback - WTO Panel Ruled 'US Did Not Comply With WTO Ruling' Regarding Online Gambling

    REUTERS By Doug Palmer Thu Jan 25, 2007 7:01pm WASHINGTON (Reuters) – The United States has suffered a new setback in a four-year-old legal battle with Antigua and Barbuda over U.S. restrictions on Internet gambling, a U.S. trade official said on Thursday. At issue is an April 2005 World Trade Organization ruling against U.S. prohibitions on online horse race betting. Since then, the U.S. Congress has passed additional legislation to ban betting over the Internet.

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  • 25 January 2007

    BAIL EXTENDED FOR NETELLER FOUNDERS

    Online Gambling News: According to eGaming’s Snapshot for 01/25/07, February 14th has been set for the preliminary hearing of Neteller Co-Founders Steven Lawrence and John Lefebvre who were arrested 1/16/07. A hearing was held yesterday in New York for Lefebvre, and bail was extended to the new court date. Vincent Marella, Lefebvre’s lawyer, said the government has to file formal charges before that date.

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  • 22 January 2007

    UK Online Gambling Shares Take A Beating After US Probe Announced

    SCOTSMAN.COM By Pete Harrison EXCERPTS: LONDON (Reuters) – Shares in European online gaming firms tumbled by as much as 9 percent on Monday following news U.S. prosecutors had launched a probe into Internet gambling. Analysts said U.S. prosecutors were now probably trying to target founders and senior executives of Internet gambling companies, just as they did with the arrests of two NETeller founders last week.

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