• Gambling News

    • 02 October 2006

      BUSH EXPECTED TO SIGN SAFE PORT ACT WITH BAN ON ONLINE GAMBLING RIDER THIS WEEK

      Yahoo News Mon Oct 2, 10:21 AM ET WASHINGTON (AFP) – US President George W. Bush this week is expected to sign a bill making it harder to place bets on the Internet, a practice which already is illegal in the United States. Bush was expected to act quickly after Congress approved the Unlawful Internet Gambling Enforcement Act making it illegal for financial institutions and credit card companies to process payments to settle Internet bets.

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    • 02 October 2006

      OPTIMAL GROUP STATES US LAW AS RELATES TO FIREPAY WILL HAVE SIGNIFICANT IMPACT

      CNW GROUP Optimal Group Makes Announcement Regarding U.S. Legislative Impact upon its FireOne Group plc Subsidiary MONTREAL, October 2 /CNW/ – Optimal Group Inc. (NASDAQ:OPMR) today made the following announcement regarding the adoption by the United States Congress of the Unlawful Internet Gambling Enforcement Act of 2006. On September 30, 2006, the United States Congress passed the Unlawful Internet Gambling Enforcement Act of 2006.

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    • 02 October 2006

      Share Prices Plummet Following US Senate’s Move

      iGAMING 02-10-06 Shares in online gaming firms have dived this morning on the London Stock Exchange, as the industry grapples with the news that the US Senate has passed a bill outlawing internet gambling. Party Gaming has seen a massive 60% drop in prices, while 888 has seen its stock fall by 45%. This has caused the latter to suspend all US business for the foreseeable future and issue a statement saying that this and next year’s figures will be severely affected.

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    • 02 October 2006

      GAMBLING SHARES SLUMP, GAMING COMPANIES TO FOLD US OPERATIONS

      DOW JONES / MARKET WATCH Gambling shares slump after U.S. act approved PartyGaming, 888 Holdings prepare to fold U.S. operations By Simon Kennedy, MarketWatch Last Update: 6:58 AM ET Oct 2, 2006 LONDON (MarketWatch) — Shares in U.K.-listed online gambling companies including PartyGaming and 888 Holdings plummeted Monday after the U.S. Congress unexpectedly passed an act that could cripple the industry by cutting off its revenue flows.

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    • 02 October 2006

      CRYPTOLOGIC WILL NOT TAKE WAGERS FROM US BASED PLAYERS

      U.S. Internet Gaming Legislation Validates CryptoLogic’s Global Strategy Licensees will no longer take U.S. bets; after five years of planning, software provider well-positioned with revenue and customers based in world’s most attractive e-gaming marketsTORONTO, ONTARIO — (MARKET WIRE) — October 02, 2006 — ALL FIGURES IN $USCryptoLogic Inc.

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    • 02 October 2006

      SPORTING BET DROPS US PLAYERS AS WELL AS PLANNED MERGER

      REUTERS LONDON, Oct 2 (Reuters) – Online gaming group Sportingbet Plc (SBT.L: Quote, Profile, Research) said on Monday it would scrap a planned merger and might stop doing business with U.S. customers after legislation was passed there aimed at preventing gambling over the Internet. “Should Sportingbet’s non-U.S. international banking partners determine that the act applied to them, then Sportingbet would no longer be able to take deposits from U.S.

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    • 02 October 2006

      PartyGaming To Suspend All US Money Accounts

      PartyGaming Press Release 2 October 2006 PartyGaming Plc United States legislation On 30 September 2006, the United States Congress passed The Safe Port Act. That measure also contained certain provisions known as the ‘Unlawful Internet Gambling Enforcement Act of 2006’ that will affect the processing of payments between US customers and online gaming companies, including PartyGaming, that are publicly traded and licensed and regulated in respected jurisdictions.

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    • 01 October 2006

      NETELLER CONTINUES TO OPERATE ITS BUSINESS AS USUAL

      NETELLER MEMBER UPDATE US Member Update: 1st October 2006 On Friday 29 September 2006, the US Congress passed legislation which includes certain provisions to prohibit unlawful internet gambling through the restriction of payments to such sites.

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    • 01 October 2006

      888 THE FIRST TO BUCKLE - EXPECTED TO SUSPEND BUSINESS FROM US CUSTOMERS

      Financial Times By Roger Blitz in London Updated: 3 minutes ago 888 Holdings, one of the biggest companies in the $12bn online gambling industry, is expected to suspend indefinitely business from US customers on Monday. The move comes as the sector braces itself for a massive reaction from investors to the dramatic US decision to tighten its anti-gambling laws.

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    • 01 October 2006

      GAMBLING LEGISLATION ATTACHED TO SAFE PORT ACT

      A watered down version of the ban on online gambline was at the last minute attached to the Safe Port Act, legislation sure to pass in Congress. There weren’t een copies of the progposed legislation until the Act was passed. You can read the entire legislation package at this SAFE PORT ACT pdf link.

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    • 01 October 2006

      US Congress approves Internet gambling ban bill

      REUTERS Updates with final approval of House) By Peter Kaplan WASHINGTON, Sept 30 (Reuters) – Most forms of Internet gambling would be banned under a bill that received final U.S. congressional approval early Saturday. The House of Representatives and Senate approved the measure and sent it to President George W. Bush to sign into law.

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    • 01 October 2006

      Poker Players Alliance: Congress Ignores Public Sentiment, Approves Internet Poker Prohibition

      Saturday September 30, 2:52 pm ETWASHINGTON, Sept. 30 /PRNewswire/ — In a Congressional back room deal, opponents of Internet gambling have added language to port security legislation that would prohibit online wagering. The port security bill with the Internet gambling prohibition language included was approved by the U.S. House and Senate late on Friday evening and will be sent to the President to be signed into law.“This last minute deal reeks of political gamesmanship.

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    • 30 September 2006

      Congress welcomes back Prohibition - Internet Gambling Bill Passes

      EYE ON GAMBLING – EOG written September 30, 2006 Many local bookmakers such as “Benny the Bullet” were seen partying and rejoicing in Central Park, New York late last night and into the early morning hours today. Their business is expected to quadruple, just as bootlegging did years ago. I also imagine that some Poker houses are equally ecstatic to welcome back basement games.

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    • 28 September 2006

      ONLINE GAMING BATTLE WAGES BETWEEN US AND ANTIGUA AND BABUDA

      TAX-NEWS.COM by Amanda Banks, Tax-News.com, London 28 September 2006 America’s hard-line stance on the issue of internet gambling is likely to be at the top of the agenda during the visit by a delegation from the government of Antigua and Barbuda to Washington this week.

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    • 28 September 2006

      Sportingbet Takes Offense On US War On Internet Gambling

      This Is Money (www.thisismoney.co.uk) Bill Condie, Evening Standard 27 September 2006 Online gaming outfit Sportingbet has gone on the offensive against the American authorities ahead of a crucial hearing for Peter Dicks, its former chairman. Dicks is returning to the US tomorrow to fight moves to put him on trial in Lousiana on charges of breaking state laws against internet gambling.

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    • 28 September 2006

      Efforts to Attach Online Gambling Bill To Critical Defense Legislation Fails

      ALL HEADLINE NEWS September 27, 2006 5:00 p.m. EST Jacob Cherian – All Headline News Staff Writer Washington, DC (AHN) – An effort to stick a bill banning most forms of Internet gambling onto a “must-pass” defense bill has been stopped. However, Republican supporters are looking for alternative ways to pass the online gambling bill.

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    • 28 September 2006

      William Hill Stops All Bets From US Customers

      IRISH EXAMINER (www.irishexaminer.com) 27/09/2006 – 3:10:39 PM British bookmaker William Hill said today it had stopped taking casino and poker bets from US customers amid confusion over internet gambling laws there. Online sports betting contravenes the 1961 Wire Act in America, which bans the placing of bets on sporting events via the telephone line in the states.

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    • 27 September 2006

      MORE WARRANTS FOR ONLINE GAMBLING'S SPORTINGBET STAFF

      SCOTSMAN.COM LONDON (Reuters) – Louisiana is determined to stop Internet gambling companies from taking bets in the southern U.S. state and has issued four arrest warrants for staff at Sportingbet , a police officer told the Financial Times. Captain Joe Lentini, head of the casino section of Louisiana’s Police Gaming Enforcement division, said in an interview published on Wednesday the warrants included one for Peter Dicks, former chairman of the UK-listed company.

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    • 27 September 2006

      Enforcing Louisiana's Ban On Online Gambling -

      MSNBC By Andrew Ward Updated: 9:40 p.m. ET Sept 26, 2006 Louisiana’s investigation into online gambling originated in a routine staff meeting this year, when Captain Joe Lentini of Louisiana’s Police Gaming Enforcement division reminded officers of the state’s law against online gambling.

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    • 27 September 2006

      CryptoLogic To Move Headquarters To Ireland

      THE TORONTO STAR Sep. 25, 2006. 01:20 PM TARA PERKINS BUSINESS REPORTER Toronto-based CryptoLogic Inc. is moving its headquarters to Ireland early next year, it announced Monday. CryptoLogic makes software for gaming websites, specializing in poker and casino games. The decision to move was not a result of the recent U.S. crackdown on online gambling, said CryptoLogic CEO Lewis Rose.

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    • 27 September 2006

      Resignations Stoke Online Gaming Fears

      MSNBC By Roger Blitz, Leisure Industries Correspondent Updated: 11:10 p.m. ET Sept 25, 2006 A former US attorney who served under former US President George H.W. Bush resigned on Monday as chairman and director of an online gambling company, highlighting fears among executives in the sector that they face arrest by travelling to the US or other countries taking a tough line against gambling.

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    • 25 September 2006

      INVESTORS LOSE BILLIONS ON ONLINE GAMBLING

      FINANCIAL NEWS Tara Loader Wilkinson 25 Sep 2006 Regulatory crackdown and arrests in the US have hit pipeline of gaming flotations Investors in online poker should know they can lose their shirts on one bad hand. But they might not have expected such a sustained run of bad cards that has seen the value of online gaming companies collapse by 51% from this year’s highs.

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    • 25 September 2006

      German crackdown raises the stakes for internet gambling

      THE BUSINESS By Eric Culp In Frankfurt And Pierre Tran In Paris 24 September 2006 German crackdown raises the stakes for internet gambling BRITISH executives of online gambling companies could be arrested on criminal charges in Germany if they set foot in the country.

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    • 25 September 2006

      A DEEPER LOOK INTO ONLINE GAMBLING BILL PASSED IN WASHINGTON STATE

      An article from the blog MakeYouGoHmm.com May 27, 2006 On June 7 online gambling becomes felony in Washington state gaming, politics — by TDavid @ 9:30 pm The hypocritical stench surrounding the online gambling law forthcoming in Washington state includes campaign donations from none other than Indian casinos for State Senator Margarita Prentice (pictured below, Sen. Prentice homepage). Her term ends January 2009.

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    • 22 September 2006

      US lawmakers seek online gambling bill compromise

      REUTERS By Peter Kaplan WASHINGTON, Sept 21 (Reuters) – Congressional leaders are trying to forge a compromise that would allow them to push through legislation banning most forms of Internet gambling, aides said on Thursday. Top House and Senate lawmakers have been trying to break a logjam that has stalled the Internet gambling legislation by attaching it to any one of a number of must-pass spending bills before the end of the year, aides said.

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    • 21 September 2006

      EUROPEAN COMMISSION TO TARGET DISCRIMINATING STATES AND ONLINE GAMBLING

      MIDDLE EAST TIMES AFP September 19, 2006 BRUSSELS — The European Commission said Monday that it is prepared to target more member states deemed to be stifling free competition in the sports gambling sector. The move came on the same day as news that a French magistrate formally launched an investigation into contravention of French gambling monopolies by the two heads of the Austrian-German Bwin Internet gambling group arrested last week.

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    • 21 September 2006

      BODOG MARKETING CONFERENCE CANCELLED AGAIN.

      According to Bodog Founder Calvin Ayre, the Bodog Marketing Conference at Atlantis in December 2006 has been cancelled. This was a second attempt to host the online gambling conference, re-scheduled after the cancellation of the Bodog Marketing Conference in September which was cancelled after the arrest of British online gambling CEO David Carruthers in the US. Citing uncertainty of the U.S.

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    • 21 September 2006

      ONLINE GAMBLING SPORTSBOOK BETONSPORTS ATTEMPTS TO SETTLE CIVIL AND CRIMINAL CHARGES

      BetOnSports, the online gambling sportsbook, would like to negotiate a settlement of civil and criminal charges by the US DoJ against BoS for racketeering and fraud and have asked for a meeting to discuss a possible resolution.It was reported by STLtoday.com that Assistant Michael Fagan thought the case could be resolved. What this would mean to David Carruthers, the former CEO of BetOnSports arrested on a 22 count indictment for fraud and racketeering, and his case is unclear at this time.

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    • 21 September 2006

      RIVERBELLE ONLINE CASINO RATED #1

      River Belle Online Casino Wins First Place in Best Online Casino for Progressive Slots GIBRALTER, September 18, 2006 – It’s not easy to win the coveted and highly respected awards handed out to online gaming sites in the annual “Strictly Slots” magazine reader’s poll, but River Belle Online Casino (http://www.riverbelle.com) has managed to do it four times this year.

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    • 19 September 2006

      Playtech Licenses Advanced Multimedia Technology

      Monday September 18, 3:14 am ET NICOSIA, Cyprus, September 18 /PRNewswire-FirstCall/ — Playtech (Cyprus) Ltd., the international designer, developer and licensor of software for the gambling industry, a subsidiary company of Playtech Ltd (LSE: PTEC – News), listed on AIM, announced today the signing of a license agreement with 1st Technology LLC. The license agreement is in relation to 1st Technology’s core multimedia patents applied to advanced online gaming products.

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