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 £71.5m, but that […]
Concerns are building that an increase in gambling could be the eventual result of the Federal Government’s overhaul of media laws. Shortly after the media legislation passed the Senate this week, James Packer announced his PBL company was selling off its media interests, so it could expand further into gambling. Family First Senator Steve Fielding […]
Speaker Boris Gryzlov has announced that the State Duma is set to consider the first reading of a new bill that would push the bulk of Russia’s gambling halls into four Las Vegas-style "colonies." Gryzlov, reacting to President Vladimir Putin’s initiative and subsequent suggestion that his gambling bill be approved as soon as possible and […]
E-wallet company Neteller issued a statement announcing a modification in their policy toward Unlawful Internet Gambling Enforcement Act (UIGEA). The company, which processes a significant amount of the online poker, and online gambling transactions from the U.S. indicated they are going to abide by the rules of the act, but will continue to do business […]
Labor MP John Murphy has accused Family First Senator Steve Fielding of casting a vote which has helped boost gambling.Senator Fielding voted with the Government to allow an overhaul of the media laws to pass through Parliament. The legislation has already prompted a rush of activity as the major media players prepare for the new […]
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. "It was kind of like that last party before summer ends when you’ve got to go back to school," says McGuire, a 34-year-old […]
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 […]
Politicians planning online gambling regulation in the Commonwealth of the Northern Marianas (CNM) were regarding the new US anti-internet gambling law with some disappointment this week. The CNM House Speaker Oscar Babauta said that pending legislation in the region may face setbacks after President George Bush signed a bill that effectively criminalised the financial process […]
Southern Baptist public policy specialist Richard Land, clearly delighted with the ban on online gambling financial transactions that passed into US law recently, has commended President Bush and Congress for their commitment in pushing the legislation through. In the process he painted a pretty extreme and unsubstantiated view on the industry. “All friends of families […]
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 US,” said Blackmont Capital technology analyst Wojtek Nowak. “The drive into broadband Internet in Asia and […]
Politicians planning online gambling regulation in the Commonwealth of the Northern Marianas (CNM) were regarding the new US anti-internet gambling law with some disappointment this week. The CNM House Speaker Oscar Babauta said that pending legislation in the region may face setbacks after President George Bush signed a bill that effectively criminalised the financial process […]
I’ve been getting a lot of email from people about the gambling ban. Much has come from people who ran a few Google searches, found one of my artricles on the ban, and are now pretty honked off about it all. At risk of falling victim to the pundit’s fallacy, I think this is going […]
We regret to announce that from Friday October 13th Kiwi Gaming (www.kiwigaming.com) no longer accepts wagers from US Residents. The Unlawful Internet Gambling Enforcement Act of 2006, recently signed by the US President, will prevent US banks from handling gambling transactions. Kiwi Gaming deeply regrets having to take this action but we have been left […]
PUBLISHING & Broadcasting Ltd executives spent Monday putting the finishing touches to plans to spin off the company’s media assets, but executive chairman James Packer was not orchestrating proceedings from his Park Street headquarters. Mr Packer was on the Singaporean resort island of Sentosa helping present his consortium’s bid to build a $US3.5 billion ($4.7 […]