Gambling News

  • 30 November 2010

    Online Gambling Showing Strong Growth

    If you are interested in how people behave online, one of the best companies to look at is comScore. They are one of the leaders when it comes to measuring what people do in the digital world. In their latest media metrix released it seems that online gambling is not a fading interest in the U.S. despite government efforts. There was an increase over the summer during the World Series of Poker in July. During that time comScore said that more than 13.

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  • 29 November 2010

    Cyprus Looking to Ban Online Gambling

    Legalizing online gambling has been a constant battle not only in the United States but also in countries around the world. Within the U.S., states like Florida and California have taken a hard look at intrastate online gambling laws and recently New Jersey has become the first state to have such a bill pass a Congressional vote.

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  • 23 November 2010

    New Jersey Senate Approves Online Gambling

    New Jersey is one step closer to having a policy in place for intrastate online gambling. The New Jersey Senate voted 29-5 to pass the bill that would allow Atlantic City casinos to offer their games to New Jersey residents as well as to those that live outside the United States. The bill still has a few more hurdles to go, it now has to pass a vote by the State Assembly and the Regulatory Oversight and Gaming Committee, then actually get signed by Governor Christie.

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  • 22 November 2010

    Lame Duck Session Opportunity for Online Gamblers

    Now may be the time for people in favor of online gambling to have their voices heard. The current legislative session has only a month left and some say that since this is a lame duck session, now may be the best opportunity to contact your local Representative to have the US online gambling laws changed.It was this same lame duck situation in 2006 that got the Unlawful Internet Gambling Enforcement Act passed.

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  • 17 November 2010

    Rumors eWalletXpress Leaving US Market Over Federal Warrants

    According to some reports, one of the last remaining U.S payment processors, eWalletXpress, has stopped processing U.S. transactions. As of last Friday, those U.S.

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  • 16 November 2010

    New Jersey One Step Close to Online Gambling

    On Monday, New Jersey came one step closer to regulating online gambling within the state. State Senator Ray Lesniak’s bill passed the Senate Budget and Appropriations Committee by an overwhelming 10-1 vote and now will become considered by the full Senate. S-490 would allow Atlantic City casinos to offer online versions of their games. The bill is aimed to help support the states horse racing and casino industries who have had trouble making it in these troubled economic times.

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  • 15 November 2010

    Foxwood Casino Developing Online Gambling Venture

    It looks like another big brick and mortar casino is looking into building its own online gambling site. The Mashantucket Pequot Tribe owed Foxwood Casino announced that’s its developing department, Foxwoods Development Company LLC, is planning to partner with Goodson Gaming to build its own online gaming presence. The joint venture will be called Velocity Gaming.

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  • 11 November 2010

    Another Push for NJ Online Gambling

    It seems just like in Florida and California as well as some Canadian provinces; New Jersey needs to bring in some money to the state treasury. Also just like these other places they are looking at online gambling to do it. State Senator Ray Lesniak ( D-Union) bill is proposing just that, that the people of New Jersey be allowed to play poker, baccarat, and other classic casino games online.

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  • 09 November 2010

    Time Served for Michael Olaf Schütt

    The 29 year old Naples man, Michael Olaf Schütt was staring down 30 years in a federal prison for money laundering. Schütt has been accused of funneling millions of internet poker money through multiple bank accounts. Instead he is now looking at a plane ride back to Germany, all though not with his American wife, after cooperating with the feds and negotiating a “substantial assistance agreement” in his case.

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  • 03 November 2010

    Betfair Next Online Gambling Company to Leave the UK?

    The UK has some of the most liberal laws concerning online gambling in the world. They have enacted some of the most comprehensive and fair systems regarding regulation and operations but all this has come at a price in the means of taxation and the horse racing levy. This taxation is now causing some companies to consider leaving the legal umbrella in the U.K. For some companies that are walking the line between profit and loss, the tax in the U.K. can be a big hurdle to overcome.

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