Gambling News

  • 16 May 2010

    May 19th Set For Online Gambling Hearing

    The House Ways and Means Committee had announced a hearing on tax issues concerning possible changes to the online gambling laws in the United States. The Hearing is scheduled for May 19th. UIGEA, better known as the Unlawful Internet Gambling Enforcement Act is set to go into effect June 1. UIGEA makes it illegal for banks and other financial institutions to knowingly process payments from or to known or suspected gambling sites. Rep.

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  • 15 May 2010

    Poker Player Alliance to Rally in Olympia

    Lee Rousso, the Poker Players Alliance Washington State’s Director is trying to overturn a Washington State law that makes playing online poker a Class C felony; a Class C felony is equivalent to child pornography and heroin possession. Rousso’s argument is that the law violates the Commerce Clause of the United States Constitution.

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  • 14 May 2010

    Canadian Man Pleads Guilty in U.S. Online Gambling Charge

    Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.

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  • 10 May 2010

    Party Gaming Opens Offices in Los Angeles

    For U.S. online poker players that remember the days when PartyPoker was the biggest online poker site, there may be a glimmer of light at the end of the tunnel. Party Gaming released its Q1 report last week showing gains in revenue of 27% and Chief Executive Jim Ryan said of the U.S. market,“We are seeing increased momentum towards regulating online poker. It’s possible that it could happen this year and we’re prepared if it does.”Party Gaming which dominated the U.S.

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  • 09 May 2010

    Beverly Man Charged With Violating UIGEA

    The United States justice Dept. today announced that Todd Lyons, of Beverly, MA, was charged with 36 counts of racketeering and related charges, for running an illegal gambling business in the United States but with the internet site in Antigua. Lyons is one of the first persons charged with violating the Unlawful Internet Gambling Enforcement Act (UIGEA). And he is the first to be charged in Massachusetts.

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  • 06 May 2010

    No More Online Gambling Barriers in Italy

    Online gambling in Italy will now be less restrictive according to an announcement made by the European Commission. Before today, The Italian Olympic Committee (CONI) and the National Horse Breeders Enhancement Society (UNIRE) had the exclusive rights to sports betting and organizing online gambling. This meant not only could other European gambling operators not offer their services in Italy but even their websites were effectively blocked.

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  • 04 May 2010

    France to Legalize Online Casino Gambling

    The government of France has decided to legalize online casino gambling. Going in direct defiance of recent actions by Estonia and Belgium, France has drafted a law that would legalize online casino gambling and would allow local and foreign investors to invest in this activity and partake in the more than 1 billion Euros played by French citizens in the last year. France will benefit in a big way from the taxes to be paid by each online casino.

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  • 03 May 2010

    Barney Frank’s Bill Gains More Support

    Barney Frank and his bill to legalize and regulate online gambling have gained two big names as co-sponsors. Joining Frank’s fight for online gambling are Dina Titus (D-NV) and William Owens (D-NY). They joined the fight as co-sponsors on April 15.Dina Titus joining the fight is seen as a good omen by some.

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  • 29 April 2010

    Daniel Tzvetkoff Bail Reversed

    Daniel Tzvetkoff UpdateThere has been more than a few who have wondered aloud why Daniel Tzvetkoff would be allowed to make bail in his case as a Las Vegas court had ruled before. It seems a New York court has another idea and today, sighting that Tzvetkoff was a serious flight risk, revoked his bail. A new hearing is scheduled however to determine if he would have to stay in jail or be allowed monitored home detention.According to Judge Lewis A.

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  • 28 April 2010

    Daniel Tzvetkoff Indicted By Grand Jury

    Brisbane businessman Daniel Tzvetkoff, former CEO of gambling funds processor Intabill Inc., has been indicted by a federal grand jury. He now faces up to 75 years in prison and over $500 million in fines if convicted. The grand jury indicted him on charges of illegal gambling, money laundering and bank fraud.

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