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 […]
Tag Archives: bet
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 […]
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. […]
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 […]
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 […]
A “one-stop shop” treating problem gamblers in Sydney is reporting a 50 percent success rate. Run by The Salvation Army in cooperation with theFairfield RSL club in Sydney’s south-west, The Sydney Problem GamblingCentre opened in October last year. In its first annual report, publishedtoday, the centre said it had answered 400 telephone inquiries and conducted561 […]
Antigua-based World Gaming, the online gambling group, has gone intoadministration, just before a law that would bar it operating in the US wasdue to be passed. The company had its shares suspended on the AlternativeInvestment Market and four of its top directors, including chief financialofficer David Naismith, and chief executive Daniel Moran, have resigned. USbusiness […]
Online gambling companies PartyGaming and 888 have both been demoted onprestigious FTSE stock indexes in the UK, following the unexpected passingthrough the Senate of a US bill which aims to make it illegal for US bankinginstitutions to process transactions to online gambling companies. PresidentBush signed the bill into law on Friday, and publicly-listed companiesPartyGaming and […]
The port security bill that President Bush signed Friday included aprovision severely restricting internet gambling. The law forbids Americanbanks and credit card companies from processing online bets. It’s been toughto enforce, but lawmakers say the new provision will take a big chunk out ofthe soaring Internet gambling industry. Americans account for half theonline gambling market. […]
Gamingking PLC, a provider of online gambling services, said Monday thatNicholas Watkins resigned as chief executive. Watkins is the latestexecutive of a British online gambling company to resign his role afterCongress introduced legislation to ban Internet gambling in the UnitedStates. Sportingbet PLC Chairman Peter Dicks resigned last month after beingdetained at New York’s JFK Airport […]