• Gambling News

    • 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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    • 07 January 2007

      JACKPOTJOY OWNERS CONSIDERING £200m TAKEOVER BID

      TIMES ONLINE – THE SUNDAY TIMES January 7, 2007 Matthew Goodman THE company that owns the Jackpotjoy online gaming site is in talks with an American casino group about a possible £200m takeover. A deal would create fortunes for Gamesys’s three founders, who own about two-thirds of the company, and would bring huge windfalls for the firm’s 51 staff, who own most of the rest of the business.

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    • 06 January 2007

      Perspectives Weekly for January 5th 2007

      Perspectives Weekly – January 5th, 2007 is out for viewing. Produced by APCW, Perspectives Weekly is always a highly entertaining and informative weekly video of what’s happening in the world of online gaming. This week J Todd discusses legalized online gambling in New York and PartyGaming. Best viewed with broadband or DSL.

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    • 06 January 2007

      Progressive Jackpot Slots Winner Scores $1,745,475 on King Cashalot

      $1,745,475 Progressive Jackpot Hit on New Years Eve at Captain Cooks Casino Captain Cooks Casino, a flagship member of the Casino Rewards group http://www.casinorewards.com has done it again with the largest USD progressive jackpot ever won. Captain Cooks Casino is proud to announce one lucky player collected a whopping $1,745,475.28 from the popular progressive slot game King Cashalot on New Years Eve. What a way to kick off the New Year!!!

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    • 04 January 2007

      CASINO SOFTWARE PROVIDER & ONLINE GAMBLING CASINO STRIKE DEAL

      Yahoo! Playtech Announces New Software Licensing Agreement With PartyGaming Plc (‘PartyGaming’) Tuesday January 2, 7:05 am ET

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    • 31 December 2006

      ARTICLES REPORT ONLINE GAMBLING FIRMS IN 'RECOVERY'

      THE REGISTER By Burke Hansen in San Francisco Friday 29th December 2006 12:01 GMT House of Cards – A recovery in the online gaming economy act is gaining traction, according to several reports. The passage of the Unlawful Internet Gambling Enforcement Act by the US left a swath of economic misery in its wake, but efforts by the major players in the industry to refocus their energies on Europe and Asia are starting to pay dividends. Both Sportingbet.com and Partygaming.

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    • 29 December 2006

      RECAP OF EVENTS THAT COST ONLINE GAMBLING INVESTORS BILLIONS

      THE BIRMINGHAM POST Dec 29 2006 Investors who gambled on the online gaming sector this year lost billions after the US effectively outlawed internet betting. Law-makers in Washington called “no more bets” when they forced through the controversial Unlawful Internet Gambling Enforcement Act on the back of an unrelated Bill enhancing port security. It came after two British gaming executives were arrested on American soil as the US raised the stakes against the industry.

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    • 29 December 2006

      PARTYGAMING DEALING IN ONLINE GAMBLING PROPERTY

      THE TELEGRAPH (www.telegraph.co.uk) By Richard Blackden Last Updated: 6:38pm GMT 29/12/2006 Troubled Internet gambling group PartyGaming says the acquisition of assets from smaller rival Empire Online for about $66m will immediately lift profit next year. In the first round of consolidation in the industry, PartyGaming is buying several assets from Empire, including NoblePoker.com, EnterCasino.com and Carnivalcasino.com.

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    • 29 December 2006

      PARTYGAMING WHEELING AND DEALING IN ONLINE GAMBLING FUTURE

      GUARDIAN UNLIMITED Julia Kollewe Friday December 29, 2006 Guardian Unlimited PartyGaming today snapped up the gambling assets of its smaller rivals Empire Online and Intercontinental Online Gaming for $66.3m (£33.7m) in shares. The acquisitions will add Empire’s Noble Poker and Club Dice casino websites to PartyGaming’s stable, as well as Intercontinental’s Fair Poker, Magic Box Casino and Miss Bingo sites.

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    • 28 December 2006

      ONLINE GAMBLING'S PARTYGAMING ACQUIRES EMPIRE'S ONLINE ASSETS

      THE GUARDIAN Jane Martinson and Simon Bowers Thursday December 28, 2006 PartyGaming is to acquire the gaming assets belonging to its smaller rival Empire Online in a deal that could be announced as early as today. It is expected to be the first in a flurry of deals in the internet gambling sector in the wake of US anti-gambling legislation passed in October. The acquisition, which is understood to value Empire’s gaming assets at between $30m and $40m (£15.3m-£20.

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    • 22 December 2006

      HARRAH'S ENTERTAINMENT SAYS OK TO BUYOUT BID

      USA TODAY Updated 12/19/2006 5:31 PM By Ryan Nakashima, Associated Press LAS VEGAS — Harrah’s Entertainment (HET), the world’s largest casino company, said Tuesday that its board has accepted a $17.1 billion buyout offer from two private equity groups. The agreement with Apollo Management Group and Texas Pacific Group for $90 per share includes the assumption of $10.7 billion in debt, and is the largest deal ever to take a publicly held casino company private.

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    • 17 December 2006

      Europe Prepares To Liberate and Regulate Online Gambling

      MSNBC By Roger Blitz in London Updated: 25 minutes ago Any day now the Italian government is expected to show its hand on gambling. In a move viewed by many in the sector as the latest evidence of a shift towards the liberalisation of gambling in Europe, Rome will award new gaming licences to a range of national and international companies vying for the chance to run betting shops, kiosks, casinos and online services.

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    • 15 December 2006

      NFL /FANTASY SPORTS LEFT NOTHING TO CHANCE BACKING ONLINE GAMBLING BAN

      HENDERSONVILLE TIMES NEWS – Hendersonville, N.C. By EDDIE PELLS – AP National Writer For many NFL fans, there are millions of dollars up for grabs over the final weeks of the season. They watch every game, every player, in the hopes that those receivers, running backs and quarterbacks can turn small investments into big money. Their hopes are pinned on the fates of their fantasy football teams.

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