The allure of gambling calls out to Matthew Bowles-Roth wherever he goes.When he drives on the freeway, casino billboards entice him with riches.When he buys cigarettes at the convenience store, lottery tickets shineunder the glass counter. When he flips through TV channels, guys his ageappear in high-stakes poker tournaments, beaming like movie stars. Eachtime, Matthew […]
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Jay Melancon hunkered down in an auditorium chair for his morning psychologyclass at the University of Minnesota, flipped open his laptop and logged on.The instructor yammered on at the front of the room, but Melancon wasn’tlistening. He was exhausted from staying up all night playing online poker.And now, sitting in the back of the class, […]
Macau may have dethroned the Las Vegas Strip as the world’s biggest casinocenter, according to figures available Wednesday that show the Chineseterritory’s gambling revenue jumped 22 percent to US$6.95 billion last year.The former Portuguese enclave has been booming since the government bustedup a casino monopoly three years ago and began welcoming U.S. gamingpowerhouses like Las […]
Four investment banks have been issued subpoenas in an investigation intothe multibillion-dollar online gambling industry. The Justice Department hasissued subpoenas to at least four Wall Street investment banks as part of awidening investigation into the multibillion-dollar online gamblingindustry, according to people briefed on the investigation. The subpoenaswere issued to firms that had underwritten the initial […]
Macao surpassed the Las Vegas Strip to become the world’s biggest gamblingcenter in 2006, measured by total gambling revenue, according to industryanalysts and government figures released today. In the eight years sinceMacao, a former Portuguese colony on the coast near Hong Kong, was returnedto Chinese control in 1999, it has experienced a huge boom in […]
While the number of drug arrests remained steady last year, Maui policereported a surge in gambling arrests, most involving cockfighting, in 2006.The total of 165 gambling arrests, which increased by 79 percent from 92arrests in 2005, was due largely to 155 cockfighting arrests last year,according to preliminary police statistics for 2006. At a Maui County […]
A subsidiary of the online gambling software developer Playtech has signedwhat is described as “….a significant step” into the land based gamblingsector.Online gaming software firm Playtech said its subsidiary Videobet hassecured a long-term licensing contract with leading Mexican casino operator,Entretenimiento De Mexico. Under the terms of the three-year contract, EMexwill add Videobet’s server based gaming […]
A SHAKE-UP of gambling laws could increase problem gambling, the governmentminister in charge of the issue has conceded. The Gambling Act, which waspassed last year, relaxes some restrictions on the industry. For the firsttime, Las Vegas-style `supercasinos’ will be allowed in Britain. A decisionon the site of the first is due in the next week. […]
A pair of Canadians accused of laundering billions of dollars in illegalonline gambling proceeds originating in the United States are expected toface a preliminary hearing in New York next month –the first step indetermining whether to proceed with formal charges. John Lefebvre andStephen Lawrence, both co-founders and ex-directors of Isle of Man-basedNETeller Plc, have each […]
A pair of Canadians accused of laundering billions of dollars in illegalonline gambling proceeds originating in the United States are expected toface a preliminary hearing in New York next month –the first step indetermining whether to proceed with formal charges. John Lefebvre andStephen Lawrence, both co-founders and ex-directors of Isle of Man-basedNETeller Plc, have each […]
Ladbrokes has acquired their Scandinavian online gambling partner SponsioLtd. in a deal potentially worth £40 million. Sponsio is an online gamblingcompany with a presence in Sweden, Norway, Denmark and Finland and willplace Ladbrokes in a strong position within the Nordic region. Ladbrokes,who signed a partnership deal with the company back in 2001, have paid £36million […]
Furthering their investigation into the online gaming industry, the USDepartment of Justice (DOJ) has demanded evidence from companies in Londonthat have had dealings with online gambling companies. Among those caught upin the inquiry include HSBC, JP Morgan, Investec and Deutsche Bank. It hasalso been revealed that subpoenas were sent out to at least 16 banks […]
Over the years attempts to legalize casino gambling has repeatedly beenblocked in the Texas Legislature, so casinos across the border have welcomedTexas gamblers. Gambling interests are making a renewed push for casinos andthey’re betting on the 2007 Texas legislature to make it happen. Take ashort drive up to Durant, Oklahoma and you’ll find that an […]
The Justice Department has issued subpoenas to at least four Wall Streetinvestment banks as part of a widening investigation into themultibillion-dollar online gambling industry, according to people briefed onthe investigation. The subpoenas were issued to firms that had underwrittenthe initial public offerings of some of the most popular online gamblingsites that operate abroad. The banks […]