Gambling News

  • 02 January 2012

    New Jersey Taking Last Shot at Online Gambling

    State Sen. Raymond Lesniak wants one more chance. On the heels of the U.S. Department of Justice clarification that in-state online gambling will not violate the current Wire Act, Lesniak is pushing for a bill legalizing online gambling in his state of New Jersey.His goal is to have a bill on Governor Chris Christie’s desk as early as next week. He wants to New Jersey to take advantage of this new ruling quickly and become the national leader in online gambling.

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  • 29 December 2011

    Top Online Gambling Stories of 2011

    From losing processors, federal indictments and opinions reversed, it has been and interesting year in online gambling. Here is a list of what we think are the top ten stories of 2012.10 – eWalletXpress Has Money Seized – Turns out that this was more than a rumor.9 – eCogra Under New Management – eCogra is no longer owned by online gambling companies.8 – Online Gambling in New Jersey Vetoed – There were many attempts by states to pass online gambling laws, this one came the closest.7 – U.S.

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  • 26 December 2011

    U.S. Department of Justice Reverses Stance on Online Gambling

    Merry Christmas U.S. online gambling!! Last week, right before the Christmas holiday was to begin, U.S. online gamblers got the best present of all. The Department of Justice had changed its stance and is now stating the Wire Act of 1961 only applies to sports betting. Back in July, Senators Harry Reid and Jon Kyl as well as Illinois and New York ask the DoJ to clarify its position regarding online gambling and poker in regards to the Wire Act.

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  • 23 December 2011

    Nevada Approves Online Poker Regulations

    To some this may be a case of “here we go again.” Nevada however is trying to position itself to be an important cog if the U.S. takes the leap and legalizes online gambling. As the debate is growing in Congress, Nevada voted to become the first state to allow online poker. Thursday, Nevada approved rules that would allow companies to apply for licenses to operate a poker website in Nevada.

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  • 20 December 2011

    Absolute Poker Co-Owner Pleads Guilty

    There has been a plea from one of the three online poker companies following last Aprils U.S. federal indictments. Brent Beckley, co-owner of Absolute Poker, pleaded guilty today in a Manhattan Federal court. The charges were conspiracy to commit bank fraud and wire fraud as well as conspiracy to violate an Internet gambling law. All related to the deception of U.S. banks over processing online gambling proceeds.

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  • 15 December 2011 is Now and Accepts US Poker Players Online

    In July a major announcement was made by Bodog Poker to leave the U.S. market. The announcement was made not long after the DoJ’s handing down of indictments to the major U.S. facing online poker sites. Today, Bodog announced that their will now be rebranded as Bovada Poker and will be accepting U.S. online poker players. The new website will be run by the former license holders for Bodog in the United States, Morris Mohawk Gaming Group (MMGG).

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  • 11 December 2011

    Ontario Inching Closer to Online Gambling

    The Ontario Lottery and Gaming Corp. have sent out a request for proposals from online gaming companies to seek help in running an online gambling operation in Ontario. The move could bring in an estimated $100 million over five years and says that $450 million is annually wagered over the web by Ontarians. There are several provinces already in the online gambling market and according to lottery spokesman Tony Bitonti “we want to . . . get this right the first time.

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  • 09 December 2011

    Not Everyone Sure Online Gambling is Safe

    Nevada and in particularly Las Vegas is pushing to regulate online gambling either within the state or on a national level. Many U.S. land based casinos are already making partnerships with online gambling companies to get ready for what they hope is the inevitable passing of some kind of U.S. regulations. Not everyone however seems to be on the online gambling bandwagon.

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  • 05 December 2011

    Commission Study Shows $60m in Online Poker Revenues in Iowa

    A new study in Iowa by the Racing and Gaming Commission projects if lawmakers choose to legalize online poker within the state, operators could make between $13-60 million dollars a year. The report goes on to say that if poker operators would be levied the same tax level that is currently being levied to most of the state-licensed riverboats and racetrack-casinos that the state gambling revenue would increase $3 million and $13 million annually.

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  • 30 November 2011

    Online Gambling Will Miss Barney Frank

    One of online gambling’s biggest supporters has announced he will not seek another term in office. Rep. Barney Frank (D-MA) announced that he will not seek reelection in 2012.In 2006, Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in a last moment add-on to must pass legislation. This angered Rep. Frank and ever since he has fought for online gambling and has sponsoring of several pieces of legislation to legalize and regulate online gaming in the United States.

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