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Tag Archives: bet

Missouri’s loss limit unique among gambling states

Every state with sanctioned casinos has a program in force to allow citizensto self-exclude themselves if they feel gambling is or has become a problemfor them.Stiff criminal penalties are enforced in a majority of cases for people whobreak their self-imposed curfews by entering a casino illegally. Casinos intheir advertising and via in-house signage and literature […]

Harrison asked to give unto Caesars

While mapping plans for a multimillion-dollar expansion, Caesars casinoexecutives have begun laying groundwork for the local government in HarrisonCounty to share some of the project’s costs. Caesars general manager EdGarruto approached Harrison commissioners last summer about having thecounty pay several million dollars toward the improvements. The paymentslikely would come from about $10 million in profit-sharing […]

Betonsports, Prosecutors Strike Tentative Deal, Lawyers Say

Betonsports Plc., the British Internet bookmaker indicted in the U.S. forillegal gambling, has reached a preliminary deal with prosecutors to end acivil suit seeking to ban the company from doing business in the U.S. U.S.District Judge Carol Jackson in St. Louis granted the parties one week tocomplete what Assistant U.S. Attorney Michael Fagan said was […]

Pa. bill would have casinos making statement

At 32 years old, Bill Kearney was a self-made millionaire who had overcomethe limits of his ninth-grade education to own a thriving business. At 33,his life began to disintegrate. He was a compulsive gambler who was well onhis way to losing his wealth, his drapery manufacturing business inPhiladelphia and his marriage. “I was using every […]

Stakes are high for online gambling in SA

In contrast to the United States government’s criminalisation of onlinegambling, the South African government is legalising the industry in anattempt to regulate and control it. Online gambling – said to be worthmillions — is currently illegal in South Africa, but the Department ofTrade and Industry has given a draft amendment Bill (which will allow forthe […]

Bush blow to online gambling

Online gambling companies based in Britain began folding the cards on theirU.S. operations Friday as President George W. Bush signed a bill banningInternet gambling there. The closure of the most lucrative market in theworld is a severe blow to the nascent online gambling industry. At least onecompany collapsed from the high costs of exiting the […]

Bush Signs into Law Online Gambling Transaction Ban

As widely anticipated, President Bush this morning signed a bill whoseprincipal purpose is to tighten security measures for the nation’s seaports. But attached to that bill at the very last minute — in order toprevent Democrats running for re-election next month from stopping it — wasa federal ban on banking institutions knowingly transferring funds tobusinesses […]

France, EU clash over online gambling

The European Commission is targeting PMU and Francaise des Jeux to end whatis alleged to be a monopoly on Internet gambling in France, a report says.The controversy has grown with the surge of online gambling on thecontinent. The EU may still allow France to keep its monopoly under certainconditions such as exempting national lotteries from […]

Gambling with a crippling social ill

STEVE Bracks’s keenly awaited pokies policy was effectively stillborn on theeve of its planned release earlier this year, when Opposition Leader TedBaillieu grasped the initiative with a pledge to cut 5500 machines. It’s notthat Baillieu’s policy was without flaws; for one thing it was uncosted. Italso allowed for the removal in 2012 of idle poker […]

Sportingbet sells for a buck

The post-crackdown value of web gambling companies in the US now have theiranswer – $1 a pop. Sportingbet pre-empted expected broad restrictions ongambling sites in the Unlawful Internet Gambling Enforcement Act by sellingits US operations for the price of a one-drink tip to an American bartender.It also discharged $13.2 million worth of liabilities in anticipation […]

UK firms flee U.S. gambling with $1 buyouts

Britain’s Sportingbet and Leisure & Gaming both pulled out of the UnitedStates ahead of a ban on Internet gambling on Friday, each selling theirU.S. operations to private investors for $1. Smaller rival World Gamingmeanwhile said it was impossible to continue in business and called inadministrators. All three companies were rushing to complete the dealsbefore President […]

Online gambling firm collapses

The beleaguered online gambling industry is bracing itself for a wave ofcompany collapses and redundancies, after World Gaming collapsed intoadministration today. It is the first company to crash, following the shockdecision of the US senate to outlaw online gaming last month. PresidentGeorge Bush is expected to sign the legislation into force later today. Allthe online […]

Online Gambling Ban Berths In Ports Bill

Officially, the bill President George W. Bush will sign Friday is aimed atmaking the nation’s ports more secure. But the part that’s getting all theattention is about Internet gambling. It includes a big crackdown on onlinebetting, which is already illegal in most cases. It’s been tough to enforce,but lawmakers said the new provision will take […]