Gambling News

  • 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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  • 16 October 2006

    GAMINGKING ANNOUNCES RESIGNATION OF CHIEF EXECUTIVE

    INTERNATIONAL HERALD TRIBUNE The Associated Press October 16, 2006 LONDON Gamingking PLC, a provider of online gambling services, said Monday that Nicholas Watkins resigned as chief executive. Watkins is the latest executive of a British online gambling company to resign his role after Congress introduced legislation to ban Internet gambling in the United States.

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  • 15 October 2006

    LASSETERS HALTS SERVICE TO US ONLINE GAMBLERS

    THE AUSTRALIAN October 16, 2006 ONLINE casino operator Lasseters Corp Ltd has halted services to the US following legislation introduced there making it illegal to accept online bets from US-based players. Lasseters said the Unlawful Internet Gambling Enforcement Act would eliminate about half of the world’s estimated $US10 billion ($13.34 billion) online gaming industry.

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  • 15 October 2006

    US CASINOS HEAD FOR THE ISLANDS TO AVOID US BAN

    TORONTO STAR Oct. 13, 2006. 01:00 AM PETE HARRISON REUTERS NEWS AGENCY LONDON—A looming U.S. ban on Internet gambling is already scaring off London-listed operators, but the industry will continue to thrive in the hands of private operators in locations like Costa Rica, Antigua and Curacao. The fear of extradition to the United States has forced executives in the United Kingdom to turn away from their most lucrative market, some selling their U.S.

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  • 15 October 2006

    ONLINE GAMBLING SITES CONTINUE TO ADVERTISE IN SPITE OF CRACKDOWN

    NEWSDAY.COM By DAVID B. CARUSO Associated Press Writer October 14, 2006, 5:20 PM EDT NEW YORK — Despite repeated warnings from law enforcement officials, offshore Internet gambling companies have continued to advertise heavily in the United States. Giant billboards in Manhattan, some several stories high, brazenly advertise Internet gambling sites like Sportsbook.com, now based in Antigua.

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  • 14 October 2006

    LEISURE AND GAMING SUSPENDED ON AIM UNTIL SALE OF US OPERATIONS COMPLETED

    LIFE STYLE EXTRA Finance News Latest UK-related finance news headlines Friday, 13th October 2006 14:42 LONDON (AFX) – Leisure & Gaming PLC said it has concluded that the sale of its US-facing gaming businesses is the best course of action given pending legal developments in the US, given the alternative of liquidating the businesses at substantial cost estimated to be about 6.0 mln usd. Shares in the company have been temporarily suspended on AIM.

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  • 13 October 2006

    THE SKY ISNT FALLING FOR ONLINE GAMING

    Article carried at WINNER ONLINE (WOL) by Karl Yu, Winneronline 12 October, 2006 You can relax Chicken Little, contrary to reports, the sky isn’t falling. When news broke that the United States had made an addendum to the Safe Port Act that would limit online gambling, no doubt, poker players considered running to the hills.

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  • 13 October 2006

    DON'T BET ON BAN ENDING INTERNET GAMBLING

    MSNBC Will ban end Internet gambling? Don’t bet on it Bill may win political points, but $12 billion industry can work around it By Mike Brunker Reporter MSNBC It took Congress more than a decade to pass a ban on Internet gambling. Now comes the hard part.

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  • 13 October 2006

    BUSH SIGNS PORT SECURITY/INTENET GAMBLING BILL, MAKES NO MENTION OF INTERNET GAMBLING BILL ATTACHED

    NEWS CHANNEL 9 – ABC Last Update: 10/13/2006 10:34:02 AM WASHINGTON (AP) – President Bush signed a bill Friday to help prevent terrorists from sneaking a nuclear, chemical or germ weapon into the United States inside one of the 11 million shipping containers that enter the nation each year – many without inspection. “We’re going to protect our ports. We’re going to defend this homeland, and we’re going to win this war on terror,” Bush said.

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  • 12 October 2006

    GAMBLING LEGISLATION IN VIOLATION OF 'READ THE BILLS' ACT?

    FREE MARKET NEWS NETWORK WHAT CONGRESS INSERTED Monday, October 09, 2006 Congress passed a lot of legislation at the last minute before adjourning. We highly doubt they read any of it. There was no waiting period to give them time to read the bills, even if they had wanted to know what they were passing. Bad stuff was inserted and combined with completely unrelated material. Most in Congress had no idea what they were voting for, and we are only just now learning the details of much of it.

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  • 12 October 2006

    SPORTINGBET PLC SET TO OFFLOAD US BUSINESS TO PRIVATE SECTOR

    THE ONLINE WIRE (TOW) The earthquake ignited by the approval of the Unlawful Internet Gambling Act by the U.S. Congress is still in motion. Sportingbet PLC announced to the AIM that the group is considering to offload its U.S. facing business to the private sector by Friday, October 13. “As part of this review the Board is considering a number of approaches that it has received for the Group’s US facing business.

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  • 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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