• Gambling News

    • 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”

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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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    • 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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