A roster of 130 “electronic games of skill” — with names such as Sizzling 7 ‘s, Double Black Tie and White Hot Aces — met with Arkansas Racing Commission approval Monday for installation at the state’s two pari-mutuel racetracks. The gambling games join seven others the commission accepted last month, for a total authorization of […]
VERNON, N.Y. An upstate harness racing track is set to become the next New York track to offer video gambling machines. The long-suffering Vernon Downs in central New York’s Oneida County is scheduled to open its video gambling facility on October 26th. The track’s owners hope it will bring in (m) millions of dollars in […]
Several operators of Internet gambling sites in Costa Rica known as "sportsbooks" say their businesses will not be significantly affected by a new U.S. law prohibiting bank and credit card payments to the sites. U.S. President Bush signed legislation Friday aimed at prohibiting the credit card and electronic fund transactions U.S. players often use to […]
According to reports the bill, passed in congress on Friday, bans internet gamblers from using credit cards, checks and electronic fund transfers to settle their wagers in the US, and is part of a larger bill aimed at bolstering US security. Aljazeera, a news agency, said US analysts believe the industry is one of the […]
Gambling promoters are putting at least $13 million on the line to see if Ohio voters will welcome slot machines on Nov. 7, the third proposal since 1990 to expand gambling. Voters that year and in 1996 refused almost 2-to-1 to allow casino gambling in some Ohio cities. Backers are optimistic they will fare better […]
AUSTRALIAN online gaming company Betcorp has suspended its United Statesoperations after the enactment there of restrictions that effectively bansome forms of internet betting. Melbourne-based Betcorp said it hadsuspended its US operations after the Unlawful Internet Gambling EnforcementAct of 2006 was signed into law by US President George Bush. The act makesit illegal for US banks […]
Federal Reserve Chairman Ben Bernanke said Monday that bank regulatorsshould search for ways to reduce regulatory burdens imposed on the financialsystem in the government’s efforts to battle terrorist financing and moneylaundering. There are some who believe Bernanke’s comments apply to arecently signed bill that would hold banking institutions responsible formonitoring and prohibiting online gambling transactions. […]
As reported by Trinidad and Tobago’s Newsday: “Prime Minister PatrickManning yesterday told protesting private members clubs and casino workersthat Government stands firm on its opposition against casinos andcasino-type establishments and the local gaming industry will berestructured so it complies with the law. “Prior to speaking with Manning,the club owners said Government should take any information […]
We have no intention of stopping any of our US customers. The bill passeddoes not make it illegal for you to bet or for us to accept bets, so it willbe business as usual. The vast majority of all deposits processed by ourcompany are processed through non US payment processors. It is currentlyunclear how these […]
Brisbane-based online gambling company Global Approach’s share price hasslid a further 7% today despite assuring investors it is renewing its focuson European and Asian markets. The share price has slipped 60% sinceSeptember 11 to 4 cents, and a $2.1 million net profit projection for 2007is “unlikely to be achieved”.The company has now announced a major […]
Even though President Bush has signed a law to curb Internet gambling,investors in the handful of U.S.-listed Internet gambling companies may notwant to fold their hands just yet. “There is growth in this industry evenwithout the United States,” said Blackmont Capital technology analyst WojtekNowak. “The drive into broadband Internet in Asia and Europe still makesthis […]
The Unlawful Internet Gambling Enforcement Act of 2006 amends Chapter 53 oftitle 31, United States Code, by adding at the end the following:“SUBCHAPTER IV PROHIBITION ON FUNDING OF UNLAWFUL INTERNET GAMBLING”.Chapter 53 deals with Monetary transactions and is designed to; “increasethe strength of United States measures to prevent, detect, and prosecuteinternational money laundering and the […]
Superstitious or not, Friday the 13th was bad luck for the New York Mets.Their late collapse in Game 2 gave the St. Louis Cardinals a 9-6 win andguaranteed that the NLCS would go at least five games, a scenario New Yorkwas hoping to avoid. Manager Willie Randolph now has no choice but to handthe ball […]
Macau’s gaming industry chalked up yet more record takings in the secondquarter of the year, racking up 12.9 bln patacas, government figures showed.Census Department statistics showed that gambling receipts outstripped allother forms of income, as they rose 11 pct year on year in the three months.By comparison total exports amounted to 5.6 bln patacas. With […]