Betting is drawing attention in the wake of Bob Woolmer's murder. Even asspeculation is rife that the betting biggies could have been behind thecrime, www.cricketworldcuplatest.com informs that the Jamaica sleuths areyet to find any evidence regarding match-fixing and betting in Woolmer'slaptop. How big is the betting industry? A Las Vegas-datelined report onhttp://abcnews.go.com cites PricewaterhouseCoopers' forecast […]
Tag Archives: online
The European Commission has warned German regions to think about revisingplans to ban online gambling or face possible legal action, an official atthe EU's executive arm said last week. This current action is the latest instring of heated clashes between Brussels and European Union countries overthe gambling industry, which is limited to state-controlled monopolies inseveral […]
The online gambling industry woke up this morning to learn that online moneytransfer Giant NETeller has decided to withdraw "no pun intended" from theCanadian and Turkish markets. Here is a statement the company's boardreleased to the London Stock Exchange: The NETELLER Plc Group ("NETELLER" orthe "Group") (LSE: NLR), the leading global independent online moneytransfer business, […]
The extent to which the 2007 Budget took the UK gambling industry andinvestors by surprise cannot be underestimated. Only a week before Budgetday the Daily Telegraph had proudly trumpeted; "In a surprise move, theChancellor will use the Budget to announce that in return for a small amountof tax – possibly as low as 2pc or […]
Nearly half of web traffic that passes through corporate infrastructure isnot related to work activities, according to a new study. The researchcarried out by web security firm ScanSafe found that 49 per cent of trafficthat employees generated concerned mostly gambling, music downloads, pornand people checking their webmail. The authors of the report said that oftraffic […]
A spokesman for the EU said today that the European Commission gave an orderfor Germany to overturn its imminent Internet gambling ban, or to stopadvertising for its horse betting monopolies, or it will face legal action.Brussels, Germany hosts a state run betting monopoly which the EuropeanCommission says is illegal according to its laws. The new […]
Payment processing company for the online gambling industry, Neteller, hasannounced its plans to return funds to American customers. In an officialpress release, the company stated that it has signed partnership agreementswith the Unites States Attorney's Office for the Southern District of NewYork (USAO), as well as Navigant Consulting, a consulting firm that willprovide Neteller with […]
German regions have been told by the European Commission to rethink plans toban online gambling or face possible legal action, an official at the EU'sexecutive arm said on Friday. It is the latest clash between Brussels andEuropean Union countries over the betting industry, which is restricted tostate-owned monopolies in some EU member countries. EU Industry […]
Dreams that the United Kingdom would become the standard bearer for theonline-gambling industry were dashed yesterday when UK Finance Minister(James) Gordon Brown announced a new 'Remote Gaming Duty' (tax) of 15%, amove ensuring that online firms will not move from friendlier tax havens tothe UK in the near future. In addition, Brown's new budget increases […]
A new 50% tax on the profits of larger casinos will reverse years offavourable treatment for the gambling trade. Industry analysts are nowpredicting a huge slump in investment in new and existing sites and saidBritain's first super-casino in Manchester could end up looking 'more like abig shed full of gaming machines' than a Las Vegas-style […]
The Saint Landry Parish District Attorney's Office says Internet gamblingcharges against an executive with a British company have been dismissed inexchange for 400,000 dollars after extradition issues left the case nearlyimpossible to prosecute. State police, working with Saint Landryprosecutors, had secure warrants in May in an investigation that focused onSportingbet PLC, a company that operates […]
Internet gambling charges against an executive with a British company weredismissed Tuesday in exchange for $400,000 after extradition issues left thecase nearly impossible to prosecute, St. Landry Parish District Attorney'sOffice announced. State Police, working with St. Landry prosecutors, hadsecured warrants in May in an investigation that focused on Sportingbet PLC,a company that operates out of […]
Online casinos have conquered the world, and Turkey is no exception. It hasbeen determined that approximately $ 2 million is spent on online gamblingthrough credit card transactions in Turkey. Turkish authorities, however,were not happy with the spread of online gambling in the country and theGovernment decided to stop its citizens from accessing and playing on […]
Every March, as Americans fill out their NCAA Basketball Tournament bracketsand shell out cash to compete in March Madness pools, gambling enters thepublic spotlight, and this year, it is under more scrutiny than usual. InNew Jersey, Rutgers University's School of Social Work recently announced itwould look deeper into the nature of gambling and its effects […]