NETeller Founders John Lefebvre and Steve Lawrence were detained in theUnited States on Monday, January 15th, 2006. The news of their detainment,which was originally reported by Gambling911.com late Monday evening, sentshockwaves through the online gambling industry immediately. NETeller, basedout of the Isle of Man, is publicly traded on the London exchange (AIM) andstates on their […]
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Despite the strengthening of legal barriers to its development in the US,prospects for the development of the global mobile gambling market remainstrong, according to Juniper Research. In new forecasts for the mobilegambling market, Juniper predicts that the global market for all forms ofmobile gambling (casinos, lotteries and sports betting) will grow from $1.35billion in 2006 […]
A new survey, commissioned by consultancy firm Morse, claims that onlinegambling while at work is costing English firms more than £300m every yearin lost productivity. The research reveals that 30 percent had used anonline casino, bought a lottery ticket or made a bet while on office time –or new someone who had. The survey suggested […]
The American authorities have swooped on the founding shareholders ofNETeller, the company which specialises in money transfers between onlinegambling sites and players. Stephen Lawrence and John Lefebvre, both formerdirectors of the firm, were detained in the US yesterday, while travellingseparately. NETeller called for a suspension of trading in its shares as itrevealed the shock development […]
Back in the early 1960s, no states ran lotteries, only one — Nevada —allowed casinos, and Indian tribes had yet to discover bingo or glitzycasino halls. Today, 42 states operate lotteries, 37 have commercial, Indianor racetrack casinos and only two — Utah and Hawaii — don’t allow any formof gambling. The gaming industry is a […]
According to market analysts Juniper Research, the global market for allforms of mobile gambling (casinos, lotteries and sports betting) reachedmore than $1.35bn in 2006. Looking ahead, the firm expects the industry togrow by about 1130 per cent to $16.6bn by 2011. Report author Bruce Gibsonsaid: “We published our last full report on mobile gambling in […]
In light of the Unlawful Internet Gambling Enforcement Act (UIGEA), as onewould expect, the online gambling industry has indeed shifted its focus tonon-US countries. In addition, the UK has taken steps to make it morecomplex to use its services illegitimately. Meanwhile, although it may notbe quite as harsh as the UIGEA, Turkey has begun to […]
The British Medical Association report is warning that the forthcomingrelaxation in the laws may prompt a rise in problem gamblers. Doctors saidtherapy was patchy with many addiction services not screening people forgambling and the industry must invest £10m a year into research. But thegovernment said NHS services had a long history of helping people withgambling […]
Supercasinos will cause a crime wave and an epidemic of problem gambling,two reports have warned. A leaked police study on the Government’scontroversial plans to introduce Las Vegasstyle casinos found they couldattract organised crime and encourage children to bet. And doctors will warnthis week that more Health Service money will be needed to treat theincreasing numbers […]
What goes hand and hand with sports and money?? Well Gambling ofcourse!!Throw a few bucks on the games call it a day right? How would everyone feelIf they had the ability to use their Protrade Portfolio money to place betson NBA, NFL and MLB games??? It would have to be controled ofcourse.. Maxbets maybe $1000 […]
Pinnacle Sports, an offshore gambling enterprise located in Curacao, hasstopped taking bets from residents of the United States. Pinnacle officialssaid the move is tied to the Unlawful Internet Gambling Enforcement Act,which prohibits the use of credit for illegal gambling. “After carefulconsideration, Pinnacle Sports has chosen to voluntarily exit the Americanmarket,” the company said on its […]
New laws for licensing gambling are to be introduced in the borough of GreatYarmouth – and affected businesses can get their applications in from May.The new national gambling licensing regime, to be administered in GreatYarmouth by the Borough Council, will come into effect from September 1.Applications can be submitted from May onwards for premises licences […]
Whether it’s on a real boat, a fake boat or dry land, gambling is gambling.People play games, they bet money. Many, many lose. A few win. Floating downa river or across a lake, standing in a pond and pretending to be on a realboat or being planted on dry ground does not change the bottom-line […]
Since 1998, Pinnacle Sports has been doing online business with US citizenswho enjoy gambling, but when American gamblers signed onto their accountsthis morning, they were informed they could no longer place bets with thissports book located in Curacao. Pinnacle’s “main man” gave EOG an exclusiveinterview this morning and here is some of what he had […]