Gambling News

  • 30 October 2006

    Gambling Legislation Poses Low Risk To Online Gamblers

    THE OREGONIAN Sunday, October 29, 2006 ALEX PULASKI Peter Dumdeang’s voice rose above the TV patter in a bare-walled East Portland apartment, his insistence interrupting two other men who, like him, appeared hypnotized by their laptops. Things were desperate. Down to his last chips Thursday in an Internet poker tourney, Dumdeang needed one of two cards to survive. “C’mon, eight,” he pleaded. “Eight of hearts on the river.

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  • 27 October 2006

    UK CULTURE SECRETARY SAYS US GAMBLING LAW FLAWED

    BBC NEWS The US crackdown on online gambling is a “new prohibition”, which is likely to fuel a rise in fraud and exploitation, the UK culture secretary has said. Offshore sites could become the “modern equivalent of speakeasies”, illegal bars which opened in 1920s America when alcohol was banned, Tessa Jowell added. New US laws forbid firms from taking internet bets, and ban banks and credit card firms from allowing web payments.

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  • 26 October 2006

    CONGRESS ACTS TO REMOVE GAMBLING OFFLINE. WHY?

    LUDWIG VON MISES INSTITUTE By Mark Thornton Posted on 10/26/2006 Congress purported to act to protect the values of the American people when it passed the “Unlawful Internet Gambling Enforcement Act.” The result has been a serious blow to a growing industry. Whose values was Congress protecting? It had nothing to do with the American people at large. Congress was protecting the “values” of casino owners and those who work in the state lottery racket.

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  • 26 October 2006

    WHILE U.S. SHUNS ONLINE GAMBLING, A WHOLE NEW WORLD OPENS IN EU

    INTERNATIONAL HERALD TRIBUNE By Simon Packard and Amy Wilson Bloomberg News October 26, 2006 LONDON PartyGaming, the world’s largest online poker company, lost 75 percent of its revenue when the company shut down its U.S. sites to comply with a new law enforcing a ban on Internet gambling. That has not dented the optimism of the chief executive, Mitch Garber.

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  • 25 October 2006

    FRIST DOUBTS ONLINE GAMBLING BAN WILL AFFECT GOP OR VOTER /ELECTION TURNOUT

    LAS VEGAS SUN October 24, 2006 By Lisa Mascaro WASHINGTON – Could a cornerstone of Republicans’ American Values Agenda – the just passed law to ban Internet gambling – come back to bite the party on Nov. 7? That’s the prognosis of poker-playing scholar Charles Murray, who warned in a recent newspaper opinion piece of the political damage Republicans may face from the nation’s poker-playing masses this fall. An estimated 8 million Americans gamble online.

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  • 25 October 2006

    888.COM FIRES UP TO 150 GIBRALTAR EMPLOYEES

    PANORAMA The gambling outfit Cassava, also known as 888.com, are to fire employees in their Gibraltar headquarters. That was the buzz yesterday as employees started to receive redundancy letters, with some sources suggesting that up to 150 may be dismissed. The layoffs stem from the cessation of the company’s activity in the US due to new legislation banning online gambling in the USA, which has shaken the industry.

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  • 25 October 2006

    AN INTERVIEW WITH BODOG OWNER CALVIN AYRE - FEDS CAN'T STOP HIS ONLINE EMPIRE

    THE REGISTER EXCERPTS FROM INTERVIEW OF CALVIN AYRE BY BURKE HANSON, PUBLISHED AT THE REGISTER Tuesday 24th October 2006 23:26 GMT “American gaming enthusiasts have been asking themselves that very question, after Republicans in Congress recently amended the Safe Port Act (H.R.

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  • 24 October 2006

    BAN IS NOT THE ANSWER, WON'T STOP ONLINE GAMBLING

    THE CHARLOTTE OBSERVER ADAM GOLDMAN Associated Press NEW YORK – Gamblers may look over their shoulder now, but experts say a new Internet gambling ban won’t keep bettors from ponying up, just turn them on to overseas payment services out of the law’s reach. “It has put a terrible scare into people,” said I. Nelson Rose, who teaches gambling law at Whittier Law School. “But it won’t by any means wipe out Internet gambling.

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  • 24 October 2006

    ONLINE GAMBLING AND ITS ENTITIES ENTERS THE PROHIBITION ERA

    INTERACTIVE GAMING NEWS by Chris Krafcik H.R. 4411 – David Carruthers – Money laundering – Aiding and abetting – United States Congress – Bill Frist – Unlawful Internet Gambling Enforcement Act of 2006 – Prohibition – Exodus These and other words and expressions have permeated the idiom shared by the I-gaming industry, serving as palpable reminders of long-standing legal battles and financial woe, of furtive politics and changing interests.

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  • 23 October 2006

    Will Online Gambling Legislation Turn Out To Be A Bad Bet for Republicans?

    FOX NEWS Monday, October 23, 2006 By Radley Balko LONDON — In the wee hours of the last night of the last session of Congress, Majority Leader Bill Frist attached a ban on Internet gambling to a port security bill. It was a dubious maneuver, which not only prevented any real floor debate over the ban, but also attached an intrusive, unnecessary, big government measure to a bill that addressed important national security concerns.

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  • 23 October 2006

    BODOG BUYS BETCORP - BOBET?

    E-GOLI (http://www.egoli.com.au) 23/10/2006 By: Georgia Fekete Betcorp Limited (BCL) today announced it had entered into an agreement to sell its gaming operations and operating infrastructure in Antigua and Toronto for US$9 million to Bodog Entertainment Group SA. The move came as a result of the passing of the US Unlawful Internet Gambling Enforcement Act on 13 October 2006. The legislation effectively makes it illegal for US banks to make or take payments from online gambling sites.

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  • 21 October 2006

    GAMBLING LEGISLATION TO AFFECT ECHO's BOTTOM LINE

    PACIFIC COAST BUSINESS TIMES Bill Lascher Staff Writer 10/20/06 Fallout from legislation targeting Internet gambling has landed in Ventura County. Camarillo-based Electronic Clearing House Inc., or ECHO, announced that its annual report for the fiscal year ended Sept. 30 would look different after the Unlawful Internet Gambling Enforcement Act of 2006 was signed by President George W. Bush Oct. 13.

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  • 21 October 2006

    ONLINE GAMBLERS HEAD STRAIGHT FOR LOOPHOLES IN NEW GAMING LEGISLATION

    THE CAPITAL TIMES by Ben Popper Correspondent for The Capital Times The stakes aren’t particularly high at Tuesday night’s Intramural Texas Hold ‘em tournament at the SERF on West Dayton Street, where 25 players are competing for a grand prize of one T-shirt and the pleasure of a skilled game.

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  • 20 October 2006

    ANTI-GAMBLING LAW COULD BE SCRAPPED SAYS PARTYGAMING BOSS

    GUARDIAN UNLIMITED Simon Bowers Friday October 20, 2006 PartyGaming chief executive Mitch Garber has said he thinks there is a 50% chance of new prohibitionist US legislation which outlaws online gambling being scrapped within three years should the balance of power in Washington drift away from the Republicans. “That might seem like wishful thinking but we could see a strong backlash from US players … and there could be changes [of control] in the house and senate,” he said.

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  • 19 October 2006

    ONLINE GAMBLING HEADS UNDERGROUND

    BusinessWeek Online By Catherine Holahan Updated: 12:00 a.m. ET Oct 19, 2006 It was getting late on Oct. 12, the night before a sweeping anti-Internet gambling bill would be signed into law. Paul McGuire was at his computer, enjoying one last hurrah on PartyPoker, a site that had pledged to kick off all U.S. users as soon as the law left President Bush’s desk.

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  • 19 October 2006

    INTERNET POKER BAN USHERS IN NEW ERA OF SOUR FEELINGS

    MySA – MySanAntonio.com Web Posted: 10/18/2006 11:05 PM CDT San Antonio Express-News Well, that certainly didn’t take long. President Bush was quick to sign the Unlawful Internet Gambling Enforcement Act last Friday — legislation loosely tied on to the broader Port Security Act — sending the online poker community into a tailspin. The signing of the legislation was marked as a triumph for the security of the country.

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  • 19 October 2006

    The G.O.P.’s Bad Bet

    THE NEW YORK TIMES By CHARLES MURRAY Published: October 19, 2006 LAST week President Bush signed a law that will try to impede online gambling by prohibiting American banks from transferring money to gambling sites. Most Americans probably didn’t notice or care, but it may do significant political damage to the Republicans this fall and long-term damage to Americans’ respect for the law.

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  • 19 October 2006

    NETELLER WILL COMPLY WITH US REGULATIONS ONCE DETERMINED BY US FEDERAL RESERVE SYSTEM

    19 October 2006 NETELLER PLCUpdate on US positionFurther to the Company’s announcement on 12 October 2006, NETELLER Plc today announced the following update in the light of the action on 13 October 2006 by US President George W Bush to approve and sign into law the SAFE Port Act incorporating the Unlawful Internet Gambling Enforcement Act of 2006 (“UIGEA” or the “Act”) which includes certain provisions to prohibit “unlawful internet gambling” by restricting gambling sites from accepting certain

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  • 19 October 2006

    ONTARIO TO INTRODUCE LEGISLATION TO END ONLINE GAMBLING

    NATIONAL POST Peter Nowak – Thursday, October 19, 2006 Ontario is looking to quash Internet gambling by introducing a bill today that will ban such Web sites from advertising, a move legal experts say oversteps the province’s authority. Gerry Phillips, Minister of Government Services, will table a bill of amendments to Ontario’s Consumer Protection Act, including a section aimed at banning media organizations from running ads by gambling Web sites.

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  • 19 October 2006

    BLACK MARKET ON THE CARDS FOR ONLINE GAMBLING INDUSTRY?

    e-consultancy Posted 13:24 19 Oct 2006 by Richard Maven Sportingbet has warned that the US is encouraging the creation of a black market through its online betting ban, after announcing it is taking a hit of £210m on the sale of its business Stateside. Announcing its annual results this morning, the UK-based firm said its profits had risen by 75% to £71.

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  • 19 October 2006

    World Gaming falls victim to crackdown

    VNUNET.COM David Jetuah , Accountancy Age 19 Oct 2006 Lack of debt and a strong cashflow have left the online gaming industry ripe for consolidation, the administrators of e-betting company World Gaming said this week. The industry is facing a period of upheaval following US moves to clamp down on online gambling. But despite fears that the collapse of World Gaming could be followed by others in the sector, Andrew Andronikou, of UHY Hacker Young, said it was an isolated incident.

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  • 19 October 2006

    US PLAYERS AT CASINOMEISTER BUT NO CASINOS THAT TAKE US PLAYERS

    iGAMING BUSINESS 16 October 2006 Casinomeister says the new U.S. legal climate presents ‘definite risks’ One of the longest established and most successful information portals in the online gambling industry, Casinomeister has reluctantly decided to discontinue promoting online operations that accept U.S. bets. The portalmaster, Bryan Bailey says that the move is a consequence of the new Unlawful Internet Gambling Enforcement Act which attacks U.S.

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  • 18 October 2006

    PARTYGAMING HONCHO PLACES ATTENTION AND FINANCES ON FILM

    THE OBSERVER James Robinson and Nick Mathiason Sunday October 15, 2006 Russ Deleon, the co-founder of gambling website PartyGaming, plans to use some of his multimillion-pound fortune to become a film mogul. The Californian gambling tycoon, who started the website with his wife Ruth Parasol in 1997, wants to invest in new talent. DeLeon attended a conference of TV executives in the south of France last week to scout for ideas.

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  • 18 October 2006

    Same Song, Second Verse - Prohibition II: Good Grief

    MSNBC – Newsweek By George F. Will Newsweek Oct. 23, 2006 issue – Perhaps Prohibition II is being launched because Prohibition I worked so well at getting rid of gin. Or maybe the point is to reassure social conservatives that Republicans remain resolved to purify Americans’ behavior. Incorrigible cynics will say Prohibition II is being undertaken because someone stands to make money from interfering with other people making money.

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  • 18 October 2006

    Online Gambling top gaining category before Bill passed

    EGAMEPULSE (www.egamepulse.com) Tuesday, October 17. 2006 Ironically, just prior to the landmark legislation passed by Congress in early October to stem gambling over the Internet, Online Gambling was the top gaining category in September, posting a 17-percent gain versus August. Leading the category was embattled PartyGaming with 10.9 million U.S. visitors, a 75-percent increase, followed by SportingBet PLC, the second-biggest gaining Web property during the month with 5.4 million U.S.

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  • 18 October 2006

    BETONSPORTS STRIKES DEAL WITH US DOJ, CARRUTHERS NOT MENTIONED

    ANTIGUA SUN Wednesday October 18 2006 by Patricia Campbell The civil case against Internet gambling company BetonSports is approaching a resolution, but criminal charges against former Chief Executive Officer David Carruthers and a number of other principals in the company still stand.

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  • 18 October 2006

    ANTIGUA MEETS WITH WTO AND 3RD PARTY EU, JAPAN AND CHINA

    GAMBLING911Gambling911.com News Wire Originally published October 18, 2006 8:55 am ET Antigua and Barbuda’s delegation to the World Trade Organisation (WTO), led by Ambassador Dr John Ashe and included Mark Mendel, Legal Adviser, and Elliott Paige, Minister Counselor, OECS Technical Mission to the WTO held consultations in Geneva on Tuesday with representatives from the European Commission, Japan and China, which are third Parties to its Internet gaming case against the United States.

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  • 18 October 2006

    CONGRESSWOMAN BERKLEY SLAMS ONLINE GAMBLING LEGISLATION AS 'RIDICULOUS ABUSE OF POWER'

    CASINOS.CH 18/10/06 Shelley Berkley of Las Vegas Calls Move a ‘Ridiculous Abuse of Power’ When a federal act to protect the nation’s ports came in front of Congress at the end of last month, only two members voted against it.

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  • 16 October 2006

    INTERNET GAMBLING STILL A GOOD BET

    BUSINESS WEEK ONLINE The Associated Press/NEW YORK By JEREMY HERRON AP Business Writer OCT. 16 3:08 P.M. ET Even though President Bush has signed a law to curb Internet gambling, investors in the handful of U.S.-listed Internet gambling companies may not want to fold their hands just yet. “There is growth in this industry even without the United States,” said Blackmont Capital technology analyst Wojtek Nowak.

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  • 16 October 2006

    LAWYERS SAY A TENTATIVE DEAL WAS STRUCK BETWEEN BETONSPORTS AND DOJ

    BLOOMBERG.COM By Andrew Harris and Benjamin Israel Oct. 16 (Bloomberg) — Betonsports Plc., the British Internet bookmaker indicted in the U.S. for illegal gambling, has reached a preliminary deal with prosecutors to end a civil suit seeking to ban the company from doing business in the U.S. U.S. District Judge Carol Jackson in St. Louis granted the parties one week to complete what Assistant U.S.

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