President Vladimir Putin introduced in the parliament Friday a draft lawproposing a new set of regulations for the gaming industry. The presidentproposed the new law after the Interior Ministry launched an apparent stingoperation to check the financial, tax and sanitary-epidemiological documentsof a variety of gambling establishments in the capital allegedly linked tothe Georgian mafia. The […]
Tag Archives: bet
Internet casinos were fighting for survival today after they were leftstunned by law makers in the United States who called ‘no more bets’ andsent shares crashing this week. Billions of pounds were lost when Congresseffectively shut down online gambling operations in the US and deprivedcasinos such as Party Poker firm PartyGaming and 888 Holdings of […]
Illinois Church Action on Alcohol and Addiction Problems calls upon RodBlagojevich and Judy Baar Topinka to come up with a better plan to fundeducation that does not rely on people gambling away their money to fundstate programs. Green Party candidate Rich Whitney is the only gubernatorialcandidate to propose a plan that does not include gambling. […]
The first online gambling company to be approached in a possible buy off wasUKBetting, owner of a gambling website – UkBetting.com – and several smallerbetting and gambling news portals such as Football365.com, SportingLife.com,TeamTalk.com, and Golf365.com. UKBetting only dropped 6% of its share priceoff the London stock exchange as it assured holders Monday that it relied […]
Rushed through Congress in the final hours of the 2005-2006 legislativesession, the Unlawful Internet Gambling Enforcement Act seems likely to failin its ultimate goal of prohibiting Americans from depositing andwithdrawing money from offshore-based online gambling companies. To be trulyeffective, the regulations should mandate that America’s financial networksidentify every product and service that an American purchases […]
No word of apology yet from all the City bankers, promoters, PR men, fundmanagers and regulators who are responsible for the worst scandal to hit theLondon stock market for years. Shares in online gaming companies have gonethrough the floor after the U.S. Senate passed a Bill to forbid banks fromprocessing payments to gambling websites. That […]
The Canadian Hockey League has asked its lawyers to look at an off-shoreinternet gambling website where bets can be placed on major junior hockeygames and the Memorial Cup. The CHL includes the Ontario, Western and Quebecmajor junior leagues that total 59 teams of players aged 16 to 20. TheAustrian website bwin.com invites bets on OHL, […]
Disgraced Florida Congressman Mark Foley was a friend of internet gambling.Gambling911.com has learned he voted against a bill to outlaw onlinegambling, apparently between internet sex breaks with young Congressionalpages. Bluff Magazine, a leading poker monthly, obtained the votes from eachCongress person to ban internet gambling in which Foley voted “ney”. CouldMark Foley have been an […]
Politics has again made for strange bedfellows. This time, the oddly linkedpair is port security and Internet gambling. In the last hours beforeCongress adjourned for the midterm election campaign, the long-awaited portsecurity bill passed both chambers with an anomalous appendage: the UnlawfulInternet Gambling Enforcement Act of 2006. If signed by President Bush, thenew law would […]
Congress approved legislation restricting Internet gambling just beforebeginning a lengthy recess, prompting a major shakeup in the online wageringworld.News of the congressional action sent online gambling companies into atailspin when stock markets reopened Oct. 2. Shares of PartyGaming, thelargest of the Internet firms, decreased 58 percent on the London StockExchange, with the company losing about […]
A new bill making it illegal for banks and credit cards to process gamingpayments has been passed by the US Congress, could this effect BlackburnRovers, with them obviously sponsored by online betting firm bet24. The moveis aimed to clamp down on betting, which ultimately leads to seriousfinancial trouble for many people. So should the bill, […]
Russia will set up not more than four zones where gambling houses may runtheir businesses, speaker of the State Duma lower house of the Russianparliament Boris Gryzlov said Wednesday after a meeting between the housefactions’ leaders and the Russian president earlier in the day. It isenvisioned by amendments to the law on gambling, submitted by […]
In a move engineered by Senate Majority Leader Bill Frist (R – Tenn.), theUnited States Senate on Saturday passed legislation, by a voice vote, thatostensibly would tighten security restrictions on cargo shipments fromoverseas. But attached to the tail end of this bill was language from anearlier House bill that was going nowhere since last July, […]
THE costs of policing a new US internet gambling ban for banks and creditcard companies will be determined by regulators in the coming months,industry officials said. Government officials are expected to propose a“coding-and-blocking” system that will identify and stop payment to onlinegambling sites, experts said. Many banks and credit card companies alreadyvoluntarily block internet gambling […]