Gambling News

  • 12 October 2006

    Barclays and RBS Warn Gaming Clients On US - Will Comply With Legislation

    REUTERS UK Thu Oct 12, 2006 10:16 AM BST254 LONDON (Reuters) – Barclays (BARC.L: Quote, Profile, Research) and Royal Bank of Scotland (RBS.L: Quote, Profile, Research) will shortly advise corporate customers to avoid taking Internet bets from the United States, banking and gambling sources said on Thursday. “The two banks will be telling corporate clients they’re not prepared to do business with companies that take online bets from the United States,” said the source.

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  • 11 October 2006

    FIREPAY ISSUES NEW POLICY FOR US ACCOUNT HOLDERS

    On September 30, 2006, the United States Congress passed the Unlawful Internet Gambling Enforcement Act of 2006.Once President Bush approves the Act. FirePay (www.firepay.com) will no longer allow US consumer payments for online gambling merchants.Beginning the day President Bush signs the Act, FirePay will decline any purchase transactions from US FirePay account holders at any gambling merchant site.

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  • 11 October 2006

    PartyGaming Drops Out of FTSE 100

    iGAMING BUSINESS 11-10-06 Online gaming group PartyGaming has lost its coveted place in the FTSE 100 index following the collapse of its shares during a horrific fortnight for the Internet gambling industry, which has seen company after company pulling out of the US market.

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  • 11 October 2006

    WebDollar and Pharoh's Casino Cut Off US Players October 12th

    The upcoming ban on Internet gambling payment processing will effect all players registered with an US-address playing at Pharaoh’s Casino. WebDollar will not accept deposits or withdrawals from players resident in the United States once the ban is enacted. Withdrawals will be possible until Thursday October 12, 23:00 (GMT), when all US players will be blocked from accessing the software.We like to thank all our US members for their loyalty while playing in Pharaoh’s Casino.

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  • 11 October 2006

    ONLINE GAMING IN CRISIS

    ISLE OF MAN TODAY SHARES in the Island’s listed online gaming companies plummeted last week amid fears that a clampdown in the US could destroy the industry.

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  • 11 October 2006

    Leisure & Gaming Going Private

    REUTERS LONDON, Oct 11 (Reuters) – The U.S.-focused gambling operations of Britain’s Leisure & Gaming (LNG.L: Quote, Profile, Research) are likely to be taken private and continue operating after online gambling is banned there, a source close to the company said on Wednesday. Leisure & Gaming said on Tuesday it would block U.S. gamblers from its sites, and was in preliminary talks to sell its U.S. operations.

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  • 11 October 2006

    eCOGRA STRESSES ONLINE GAMBLING PLAYER PROTECTION MORE ESSENTIAL THAN EVER

    eCOGRA URGES ITS SEALHOLDERS TO CONTINUE TO ACT RESPONSIBLY LONDON, October 11, 2006 The non-profit online gambling standards and player protection body eCOGRA (eCommerce and Online Gambling Regulation and Assurance) www.ecogra.org has reiterated the critical importance of consistent and monitored standards for professional online casino and poker room operations to ensure players receive a fair gaming experience and good customer service all backed up by a strong dispute mediation service.

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  • 10 October 2006

    INTERNET GAMBLING LAW "CONTRADICTORY AND INEFFECTIVE"

    THE KANSAS CITY STAR By RICK ALM – Columnist In the closing moments before it adjourned for its biennial reckoning with voters, Congress hastily outlawed financial transactions that facilitate Internet gambling. The Unlawful Internet Gambling Enforcement Act of 2006 makes criminals of companies — not players — who electronically move money for the purposes of online sports betting: wagering on dog races, poker and other casino-style games.

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  • 10 October 2006

    US DEALS DOUBLE BLOW TO CARIBBEAN

    NATIONNEWS.COM Published on: 10/10/06. An objective assessment of how decisions by United States lawmakers can negatively impact on the economies of the Caribbean would establish that last month was one that brought very bad news for this region.

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  • 10 October 2006

    AMERICANS STILL FREE TO GAMBLE ONLINE SAYS IGC

    INTERACTIVE GAMING COUNCIL (IGC) October 9th, 2006 AMERICANS STILL FREE TO GAMBLE ONLINE – Congress passes a ban that targets payment mechanisms, but fails to protect the players. CONTACTS: Rick Smith, Executive Director, executive.director@igcouncil.org | Phone: 1-604-732-3833 Keith Furlong, Deputy Director, keith@cataniaconsulting.com | Mobile: 1-732-687-0880 9 October 2006 – After a decade of false starts, anti-gambling forces in the U.S.

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  • 10 October 2006

    LEISURE & GAMING JOINS FAIRGROUND GAMING AND FIREONE - EXIT US ONLINE GAMBLING MARKET

    BETTING MARKET (www.bettingmarket.com) The passing of the Unlawful Internet Gambling Enforcement Act of 2006, which makes unlawful the receipt by a gambling business of proceeds or monies in connection with unlawful internet gambling, has led to three more companies announcing plans to exit the US facing online gambling market. Leisure & Gaming plc a holding company focused on the interactive betting and gaming sector operates a number of online sports betting and casino brands.

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  • 10 October 2006

    NEW VIDEO ON ONLINE LEGISLATION - TRUTH BEHIND ONLINE GAMBLING BAN

    New Video has been released from APCW (Association of Professional Casino Webmasters) regarding the recently passed online gambling legislation. J. Todd presents information concerning Congressional motivation and doesn’t do a bad job as Elvis!

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  • 10 October 2006

    More online firms suspend US gambling operations

    INTHENEWS – www.inthenews.co.uk Tuesday, 10 Oct 2006 10:16 The new US law bans banks from processing online gambling payments Two online gambling firms have announced that they are suspending their operations in the US ahead of the imminent implementation of new laws restricting internet gaming.

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  • 10 October 2006

    A Look at Online Gambling and Legislation: How did this happen and what to do now?

    Editor’s Note: This article appeared on Gambling911 and it would do it a major injustice to hack it up so it’s being posted here ‘intact’ to keep the integrity of the article and sources.

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  • 10 October 2006

    Why The New Federal Law Banning Payments for Online Gambling:Is The Wrong Choice

    FINDLAW By ANITA RAMASASTRY —- Tuesday, Oct. 10, 2006 Recently, Congress passed a bill — the Unlawful Internet Gambling Act (UIGA) — that attempts to make existing anti-gambling laws easier to enforce against Internet gambling. This week, President Bush is expected to sign UIGA into law. As UIGA’s preamble accurately notes, “traditional law enforcement mechanisms are often inadequate” in this area.

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  • 10 October 2006

    12 Million Mistreated Internet Gamblers To Vote This Fall

    DAILY KOS (www.dailykos.com) by prouddemocrat Sat Oct 07, 2006 at 02:37:49 PM PDT The 12 million Internet gamblers in the U.S. will not be happy that their Senators never had a fair chance to consider an anti-Internet gambling bill in open debate. The ban was enacted by attaching it to an unrelated Senate bill late at night before a recess.

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  • 10 October 2006

    EMPLOYEES OF ONLINE GAMBLING FIRM RELEASED IN WAKE OF NEW LEGISLATION

    HAARETZ (www.haaretz.com) By Guy Griml “…IM Intermedia dismissed half of its 100 workers yesterday.” “… firm supplies services for online marketing and data mining for online gaming companies in the United States…” “The company confirmed the report.” “cutbacks are just the first of many expected in the industry after the U.S.

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  • 09 October 2006

    ONLINE CASINO WORLD GAMING ASKED FOR SHARES TO BE SUSPENDED

    IRELAND ON-LINE 09/10/2006 – 12:11:24 Shares in online casino World Gaming were suspended today as the fall-out from new anti-gambling legislation in the United States continued. World Gaming said it asked for its shares to be suspended “with immediate effect due to a fundamental uncertainty over its ability to continue trading”. It followed the shock approval of new laws effectively banning online gambling in the US which sent World Gaming shares tumbling 92% last week.

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  • 09 October 2006

    NO MORE NET GAMBLING?

    THE MINNESOTA DAILY October 9, 2006 A bill outlawing online gambling is awaiting approval by the president. By JP Leider “The Unlawful Internet Gambling Enforcement Act of 2006 could stop the meteoric rise of online poker. The act was tacked onto the Security and Accountability for Every Port Act in late September and passed through Congress shortly thereafter. President George W. Bush is expected to sign the controversial act.” ….

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  • 09 October 2006

    BETTING ON DOUBLE STANDARDS IN THE US

    FINANCIAL NEWS / Online US Grant Clelland, Deputy Editor 09 Oct 2006 When a continental European country takes action to protect its industry from external competition, it is called economic nationalism. When the US does the same, we are meant to believe it is about preserving the fabric of society.

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  • 09 October 2006

    GAMBLING WITH FREEDOM

    THE WASHINGTON TIMES By Clyde Wayne Crews Jr./ Achim Schmillen October 9, 2006 Your after-tax income belongs to you. You are free to spend it, invest it, waste it, burn it, or tithe it away — and none of that is any politicians’ business. But if some lawmakers have their way, soon you won’t be able to gamble your money away on the Internet.

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  • 09 October 2006

    CONGRESS OUTLAWS INTERNET GAMBLING WHICH WILL HELP TERRORISM IN THE LONG RUN

    PBS (www.pbs.com) October 6, 2006 Risky Business: Congress stupidly outlawed Internet gambling and only terrorists were helped By Robert X. Cringely Last Saturday the United States Congress passed a port security bill that carried an amendment banning Internet gambling.

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  • 08 October 2006

    Regulate gambling or lose the income

    THE NATIONAL POST Online betting is a grey area of law with huge profits Diane Francis, Financial Post Published: Saturday, October 07, 2006 The world’s largest computer facilities for online gaming are located in Canada and are nicknamed MIT. This doesn’t stand for the Massachusetts Institute of Technology: It stands for the Mohawk Institute of Technology.

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  • 08 October 2006

    UK MAKING A SERIOUS BID TO BRING HEART OF ONLINE GAMBLING TO ENGLAND

    TIMESONLINE The Sunday Times – Business The Sunday Times October 08, 2006 By Dipesh Gadher and Matthew Goodman PLANS to turn Britain into a “world leader” in internet gambling have been drawn up by ministers, according to internal Whitehall documents. In stark contrast to America, where online gambling has in effect been outlawed, ministers want to attract offshore companies to Britain.

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  • 07 October 2006

    INTERNET GAMBLING LEGISLATION CREATES MORE QUESTIONS THAN ANSWERS

    IN BUSINESS Las Vegas By Liz Benston / Staff Writer Days after the contentious passage last weekend of a bill to block American financial institutions from processing online gambling transactions, observers have mixed feelings about what the legislation means for players who gamble at home and the related industries that benefit from the action.

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  • 07 October 2006

    Neteller and Firepay May Be Safe From Recent US Gambling Legislation

    THE EXAMINER By Jerry Jordan, Senior Staff Writer Secreted into H.R. 4954, the Safe Port Act, the U.S. Senate attached and voted to approve an amendment that now makes it illegal for banks to fund Internet gambling sites, as well as, the money brokers, like Neteller, Firepay and Click2Pay that act as a go-between from U.S. banks and offshore gambling sites. In addition, the legislation, which is expected to be signed by President George W.

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  • 07 October 2006

    STATEMENT FROM FIREPAY

    Position by FirePay Remains Steadfast FirePay is holding steady in its position concerning the Unlawful Internet Gambling Enforcement Act, which will become law upon its approval by the President of the United States.The following is an official statement recently released by FirePay: “The Act does not define ‘unlawful Internet gambling’ nor does it make unlawful any activities by financial institutions that are not themselves gambling businesses.

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  • 07 October 2006

    EFFECTS OF INTERNET GAMBLING BILL FUELS EXODUS

    Posted on Fri, Oct. 06, 2006 ‘Black Friday’ effect of Internet gambling measure fuels exodus DANIEL YEE Associated Press ATLANTA – Internet poker players and other gamblers in the U.S. have withdrawn thousands of dollars from their Web-based accounts while some gaming sites have raced to block U.S. residents’ access to online poker, casinos and sports-betting just a week after Congress approved a ban on banks doing business with the sites.

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  • 06 October 2006

    FRIDAY THE 13TH - BUSH SET TO SIGN INTERNET GAMBLING BILL INTO LAW

    EYE ON GAMBLING (EOG) written October 6, 2006 This is sad news but it was expected. EOG has just learned President George W. Bush will sign the Security and Accountability For Every (SAFE) Port Act into law next Friday, delivering a blow to U.K.-listed online gaming companies, whose shares tumbled after an Internet gambling ban was attached to the legislation. The port security bill was one of Congress’ final actions before breaking for the November mid-term elections.

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  • 06 October 2006

    Congress Busts The Online Poker Boom

    CBS NEWS Congress Busts The Online Poker Boom Ken Adams: New Internet Gaming Law Will Squash Underdog Dreams Of Scoring Big (CBS) Ken Adams writes about poker for CBSNews.com. In 2003 an anonymous Tennessee accountant with the unlikely name of Chris Moneymaker invested $100 in an online poker tournament in which the first prize was a $10,000 entry in the annual World Series of Poker championship in Las Vegas. Moneymaker went on to win the World Series championship bracelet and $2.

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