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 […]
Tag Archives: gambling
Fraud study links gambling and fraud “Gambling is increasingly a majormotivator for serious fraud,” says John Stansfield, CEO of the ProblemGambling Foundation of New Zealand (PGF). “Since the last KPMG Fraud Surveyin 2004, there has been a 60% increase in the amount of New Zealand fraudthat was motivated by gambling. The 2004 study found that […]
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 […]
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 […]
I am a pathological gambler. You may not recognize me as such, but I may beyour co-worker, teammate, close relative or dear friend. My doctor hasdiagnosed my problem based on the following criteria set by the AmericanPsychiatric Association. Preoccupation: I am preoccupied with gambling,reliving past gambling experiences, planning my next gambling venture, orthinking of ways […]
Gambling has been a big part of this area’s history, at least since the dayswhen 19th century landholder Don Guillermo Castro lost most of his 22,000rural acres – including today’s downtown Hayward – gambling. All thatremains today of the city’s high-stakes past is the Palace Card Club, adowntown poker den that some consider a beloved […]
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 […]
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 […]
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 […]
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 […]
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 […]
Gaming group Empire Online said on Friday it will terminate its business inthe United States immediately ahead of a ban on Internet gambling which willhave a “material” adverse impact on its future earnings. The group addedthat around 65 percent of its revenue is currently generated from U.S.-basedcustomers, and it was one of a number of […]
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 […]
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 […]