Gambling News

  • 27 May 2010

    UIGEA Law Takes Effect June 1st: What it Means to Online Poker and Casino Deposits

    Just how this is going to affect everyone that plays online is still in question. The Bankers say that they do not know how they are going to implement this law, since it is so unclear and will take away the privacy from their customers. We will have to wait and see just what does happen when this law goes into effect. ORLANDO, FL, May 27, 2010 /24-7PressRelease/ — The Unlawful Internet Gambling Enforcement Act looks to be on track to go into full effect on June 1, 2010.

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  • 26 May 2010

    Neteller’s Name Used In Phishing Scam

    One of the oldest and most respected online payment services companies in the online gaming industry, has been used by persons unknown for a phishing scam. Someone has tried to use Neteller’s name on the internet to phish out sensitive information on unsuspecting victims.Before 2006 and UIGEA, Neteller was one of the premier payment services companies servicing the American online gaming industry.

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  • 24 May 2010

    The Great Debate: How To Tax Online Casinos?

    If nothing else, the debate over whether or not to regulating online gambling, has a new, somewhat hurried, question. That question has changed from “do we really want this?” to “how can we best do this and get the greatest windfall?”. To get there from here is going to be testy. On Wednesday, the House Ways and Means Committee heard evidence, pro and con, on how to raise money from online gambling.

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  • 22 May 2010

    US Land Based Casinos and Foreign Online Casino Operators Getting Friendly?

    Foreign online casino operators, the historic enemy of the US land based casinos, are getting all friendly like towards the US casinos. The new turn of attitudes is likely based on the billions of dollars up for grabs if and when the US legalizes and regulates online gambling. When the licenses go up for grabs, it will be beneficial for the foreign operators to have alliances in place with land based casinos in the US.

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  • 21 May 2010

    Oregon Rep. Changes Stand On Online Gambling

    Oregon Representative Earl Blumenauer issued a statement after Wednesday’s Ways and Means Committee hearing on Jim McDermott’s bill, stating that he was wrong to oppose online gambling and that he had learned that it was hypocritical to oppose it. He also cited the continual need for good sources of revenue. He said he no longer wished to restrict United States citizens from playing at online casinos.

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  • 21 May 2010

    Rep Frank Hopes To Bring Gambling Bill To Floor This Year

    Rep. Barney Frank, the Chairman of the House Financial Services Committee has said that he plans to bring his bill legalizing online gambling before his committee in July and hopes to have it passed by the House this year.Frank testified before the House Ways and Means Committee on Wednesday in support of a bill by Rep. Jim McDermott, which sets up a framework for taxing online gambling. The committee was hearing evidence for and against such a proposal.

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  • 19 May 2010

    House Committee Hears Tax Proposal on Online Gambling

    The House Ways and Means Committee held a hearing today on the tax proposals related to Internet gambling. According to Ways & Means Committee Chairman Sander Levin (D-MI), this was not a hearing about the legality of online gambling but, “We meet today to explore the tax implication and proposals to legalize internet gambling. We need to get a sense of the size and scope of this emerging market which is almost exclusively conducted today outside the United States.

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  • 19 May 2010

    Microgaming Coming to State Lotteries through Betware

    An agreement has been reached between Betware and Microgaming where as Betware will now be licensed to sell and market the Microgaming online casino games to lotteries at both the state and national level. Betware is a gaming and solution services vendor that started in 1996 and based in Iceland. It also has established regional offices in Denmark, Spain, Poland and Canada. The company boasts on its website it is “all a lottery or gaming company needs”.

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  • 19 May 2010

    Congress To Alter US Online Gambling Laws?

    On Wednesday, the House Ways and Means Committee will hear a proposal from Rep. Jim McDermott. His proposed legislation sets up a system to tax internet gambling. This legislation goes hand in hand with Barney Frank’s proposed legislation to overturn UIGEA (the Unlawful Internet Gambling Enforcement Act) and to also set up a system for regulating internet gambling.

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  • 19 May 2010

    Ireland To Offer Regulated Online Gambling

    With Ireland’s horse racing industry struggling in the current economic downturn, Brian Cowen, the Irish Head of Government, stated that he is looking to regulated online gambling as his solution to helping the racing industry. “This will have the additional benefit of facilitating the extension of the tax regime for the betting industry to all those providing online and telephone betting and so underpin funding for the racing industry”, said Cowen.

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