Gambling News

  • 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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  • 22 January 2007

    Online Gambling Companies Take Direct Hit, Stock Prices Plunge

    MARKET WATCH – DOW JONES By Sarah Turner, MarketWatch Last Update: 9:34 AM ET Jan 22, 2007 LONDON (MarketWatch) – Shares in online gambling companies PartyGaming, SportingBet, 888 Holdings and Empire Online slipped once more in London on Monday after published reports that the U.S. government has requested British banks hand over transaction details of their dealings in the online gambling sector. PartyGaming (UK:PRTY: news, chart, profile) shares lost 7.

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  • 22 January 2007

    Online Gambling Stock Prices Tumble After News Of US Probe

    BUSINESS WEEK By JANE WARDELL BW Exclusives LONDON Shares in European online gambling companies fell as much as 14 percent Monday on news that U.S. prosecutors had launched a probe into Internet gambling. The U.S. Department of Justice has sent subpoenas to about 15 investment banks across Europe and in the United States, requesting information as part of a probe into gambling companies including Britain’s PartyGaming PLC and payment networks such as Neteller PLC, banking officials said.

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  • 22 January 2007

    OUTRAGE FROM UK AS US TARGETS BANKS OVER ONLINE GAMBLING

    TIMES ONLINE Rhys Blakely Senior bankers and leading politicians have attacked demands from the American Department of Justice for British bankers to hand over details of their dealings with online gambling companies outlawed in the US. After calls on the British Government to spell out the limits of the US authorities’ reach, the Treasury said last night that it was monitoring the situation.

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  • 20 January 2007

    US DOJ ORDERS WORLD BANKS TO SURRENDER RECORDS ON ONLINE GAMBLING OPERATIONS

    THE SUNDAY TIMES – TIMES ONLINE January 21, 2007 By: Jenny Davey THE US Department of Justice has ordered the world’s biggest investment banks, accountants and law firms to hand over all e-mails, telephone records and papers connected with internet gaming firms as part of an investigation into illegal online gambling in America.

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  • 19 January 2007

    CO-FOUNDER OF NETELLER RELEASED ON $5 MILLION BOND BY U.S. VIRGIN ISLAND JUDGE

    HERALD TRIBUNE Internet company founder released on bail by U.S. Virgin Islands judge The Associated Press Published: January 18, 2007 CHARLOTTE AMALIE, U.S. Virgin Islands: A Canadian man charged with laundering billions of dollars (euros) from Internet gambling transactions posted bail Thursday in the U.S. Virgin Islands and was released into the custody of an FBI agent. U.S. District Court Magistrate Judge Geoffrey Barnard released Stephen Eric Lawrence on US$5 million (€3.

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  • 19 January 2007

    OTHER ONLINE GAMBLING E-WALLETS EXPECTED TO FILL NETELLER VOID IN U.S.

    HERALD TRIBUNE The Associated Press Published: January 18, 2007 LAS VEGAS: Though payment processor Neteller PLC is the latest and largest such company to pull out of the lucrative but illegal U.S. online gambling market, industry observers said other e-wallet sites would come forward to take its place… …The arrests were the latest in a series of enforcement actions by the U.S. government against the online gambling industry.

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  • 18 January 2007

    SHACKLED NETELLER EXEC STEPEN LAWRENCE MAKES APPEARANCE IN COURT

    NEW YORK POST January 18, 2007 — CHARLOTTE AMALIE, U.S. Virgin Islands – A Canadian man who founded a firm that processes Internet gambling transactions was led into a U.S. Virgin Islands court in ankle chains to face money-laundering charges yesterday. Stephen Eric Lawrence, 46, was accused of funneling billions of dollars in illegal gambling proceeds to overseas betting operations. The former NETeller PLC director was arrested on the island of St.

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  • 18 January 2007

    ONLINE GAMBLING'S NETELLER STOPPED BUSINESS IN US 12:O1 AM

    HOUSTON CHRONICLE – cron.com Jan. 18, 2007, 3:43AM By ROBERT BARR – Associated Press LONDON — Neteller PLC, a Britain-based online money transfer business, said Thursday it is ceasing to handle gambling transactions from U.S. customers because of restrictive legislation and uncertainties about regulations.

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  • 18 January 2007

    NETELLER EXECUTES COMPLETE WITHDRAWAL FROM US MARKET

    EGAMING REVIEW Neteller has announced its complete withdrawal from the US gambling transaction market with immediate effect. Fellow payments processor Citadel has also announced its official exit from the US. The Neteller news came in a trading statement to the London Stock Exchange this morning. It comes two days after founders and former directors Stephen Lawrence and John Lefebvre were detained by US authorities and charged with money laundering related to online gambling.

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  • 18 January 2007

    $5 MILLION BAIL FOR NETELLER EXEC JOHN LEFEBVRE

    EGAMING REVIEW Former Neteller director John Lefebvre has been granted bail after an appearance in court in Los Angeles. According to Rebekah Carmichael, press spokesperson from the US Department of Justice, “he will be released after satisfying the bail conditions of $5m fully secured by cash or property; pre-trial supervision; surrender of all travel documents; and travel restricted to the Central District of California, except for trips to Southern District, New York for Court.

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  • 18 January 2007

    NETELLER FOUNDERS CHARGED WITH MONEY LAUNDERING

    EGAMING REVIEW Neteller founders Stephen Lawrence and John Lefebvre have been charged with money laundering offences by the US Attorney General in the Southern District of New York.

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  • 15 January 2007

    FOUNDERS OF NETELLER ARRESTED ON BOTH COASTS OF U.S.

    It has been reported that the founding partners of Neteller were arrested today, one on the west coast in Los Angeles and one on the east coast in New York.Steve Lawrence and John LeFevre established Neteller in 1999 although both are now removed from the company, John in 2002 and Steve as of October 13th, 2006. Many will recognize that as the date the UIGEA and Safe Port act was signed into law by President Bush.

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  • 13 January 2007

    MANSION DENIES RUMORS OF PLANS TO CLOSE ONLINE GAMBLING OPERATIONS

    E-GAMING REVIEW Mansion has denied industry rumours that it is undertaking a re-organisation that will see it close the majority of its online operations. According to sources Mansion is to concentrate on being a “high-end offline and online casino” operation in conjunction with Mansion owner Putra Sampoerna’s London casino Les Ambassadeurs. The company said they were “unsubstantiated rumours”.

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  • 13 January 2007

    VICTOR CHANDLER CEO ISSUES STATEMENT ON HIS DETAINMENT IN ISRAEL

    Victor Chandler chief clarifies Israel meeting E-GAMING REVIEW Michael Carlton, chief executive of Victor Chandler, has issued a statement regarding his questioning by Israeli authorities on Wednesday 10 January. “I traveled to Israel for a preplanned meeting with government ministers, at their invitation, regarding licensing arrangements in the country.

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  • 13 January 2007

    ONLINE GAMBLING NEWS IN PERSPECTIVES WEEKLY - JANUARY 12, 2007

    Perspectives Weekly – January 12, 2007 has been released and this video will give you chills… literally! This week’s installment covers gaming news from the UK and China, preliminary audit results of some major online poker rooms and affiliate spamming that goes over and beyond the walls of decency. Perspectives Weekly is produced by APCW and is always a highly entertaining and informative video of what’s happening in the online gambling world.

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  • 13 January 2007

    PartyGaming Confirms Founder's Sell Off Of Shares

    THE GUARDIAN Simon Bowers Friday January 12, 2007 PartyGaming’s co-founder Vikrant Bhargava, who stepped down as marketing director last month, is believed to have raised about £50m through the placing of a 4.1% stake in the company – a move which could mark the first of a series of share sales among the four founder shareholders in the online gambling group. The placing of 160m shares is believed to have been made by the brokers UBS at 30.5p – a 9.

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  • 13 January 2007

    Israel Holds Victor Chandler CEO Several Hours In Online Gambling Crackdown

    TIMES ONLINE Dominic Walsh The chief executive of Victor Chandler International (VCI), the online bookmaker, has been detained by the Israeli authorities in the latest crackdown on the internet gambling industry. Michael Carlton is understood to have spent two hours helping the authorities with their inquiries before being released and allowed to return via London to the company’s headquarters in Gibraltar.

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  • 11 January 2007

    ONLINE POKER ROOM PARBET.COM SOLD TO CRYPTOLOGIC

    CryptoLogic enters the acquisition market by agreeing to buy the poker brand and assets of Parbet.com, a Scandanavian based online poker room. The deal will be brokered using WagerLogic, a division of CryptoLogic, whereby $9 million euro will be paid for Parbet brand and assets and an additional amount no greater than $4 million euro upon improved performance of assets after 6 months. CryptoLogic projects this action will add approximately $2 million to this year’s earnings.

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  • 08 January 2007

    Reported Turkish Legislation Will Censor Online Gambling

    As recorded by various sources, the Turkish newspaper Yeni Safak reports that new legislation has been introduced by Turkish authorities directed at censoring what was described as ‘indecent broadcasting and online gambling’.

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  • 08 January 2007

    Online Poker Pioneer Increases Shareholdings In Spite Of Slump

    TIMES ONLINE Empire Online has had a torrid time along with the rest of the online-gaming sector following the passing of legislation in America that has in effect banned internet gambling. Last year’s reversal triggered the departure of non-executive chairman Leonard Steinberg, and halted the group’s US business, which it said will have a “material” impact on future earnings.

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