Four investment banks have been issued subpoenas in an investigation intothe multibillion-dollar online gambling industry. The Justice Department hasissued subpoenas to at least four Wall Street investment banks as part of awidening investigation into the multibillion-dollar online gamblingindustry, according to people briefed on the investigation. The subpoenaswere issued to firms that had underwritten the initial […]
Tag Archives: online
A subsidiary of the online gambling software developer Playtech has signedwhat is described as “….a significant step” into the land based gamblingsector.Online gaming software firm Playtech said its subsidiary Videobet hassecured a long-term licensing contract with leading Mexican casino operator,Entretenimiento De Mexico. Under the terms of the three-year contract, EMexwill add Videobet’s server based gaming […]
A pair of Canadians accused of laundering billions of dollars in illegalonline gambling proceeds originating in the United States are expected toface a preliminary hearing in New York next month –the first step indetermining whether to proceed with formal charges. John Lefebvre andStephen Lawrence, both co-founders and ex-directors of Isle of Man-basedNETeller Plc, have each […]
In their relentless pursuit of anybody and anything that was responsible forspreading online gambling in the United States, the US Department of Justiceis reported to have issued subpoenas to a number of high profile UKinvestment banks. The Financial Times reports that the subpoenas were issuedfrom October (after the passing of the Unlawful Internet GamblingEnforcement Act […]
A pair of Canadians accused of laundering billions of dollars in illegalonline gambling proceeds originating in the United States are expected toface a preliminary hearing in New York next month –the first step indetermining whether to proceed with formal charges. John Lefebvre andStephen Lawrence, both co-founders and ex-directors of Isle of Man-basedNETeller Plc, have each […]
Ladbrokes has acquired their Scandinavian online gambling partner SponsioLtd. in a deal potentially worth £40 million. Sponsio is an online gamblingcompany with a presence in Sweden, Norway, Denmark and Finland and willplace Ladbrokes in a strong position within the Nordic region. Ladbrokes,who signed a partnership deal with the company back in 2001, have paid £36million […]
Furthering their investigation into the online gaming industry, the USDepartment of Justice (DOJ) has demanded evidence from companies in Londonthat have had dealings with online gambling companies. Among those caught upin the inquiry include HSBC, JP Morgan, Investec and Deutsche Bank. It hasalso been revealed that subpoenas were sent out to at least 16 banks […]
Survey of UK consumers finds broad public support and little opposition togovernment plans to license and regulate online gambling as part of newCasino Act.Results show consumers find licensing and regulation of gambling sites arekey in inspiring consumer confidence and trust. 22nd January 2007 –Controversial government plans to license and regulate online gambling havestrong public support […]
The Justice Department has issued subpoenas to at least four Wall Streetinvestment banks as part of a widening investigation into themultibillion-dollar online gambling industry, according to people briefed onthe investigation. The subpoenas were issued to firms that had underwrittenthe initial public offerings of some of the most popular online gamblingsites that operate abroad. The banks […]
TWO FORMER NETELLER executives who were just passing through the UnitedStates on a flight transfer have been arrested by the FBI.Stephen Lawrence and John Lefebvre, who are British and have not broken anyUK law, were arrested in connection with what the FBI claims was launderingbillions of dollars of Internet gambling proceeds. According toCardplayer.com, NETELLER allows […]
Though payment processor Neteller PLC is the latest and largest such companyto pull out of the lucrative but illegal U.S. online gambling market,industry observers said other e-wallet sites would come forward to take itsplace. The arrest of its founders Monday on U.S. soil on money launderingcharges and the company’s delicate position as a publicly traded […]
Neteller was by far the most popular online gambling payment method, butthere are many excellent online payment methods now that Neteller hasdecided to no longer facilitates gambling transactions…The followingonline gambling payment methods will be accessible from the cashier functionin most online casinos, poker rooms and sports books. They are allalternatives to Neteller for US-based players. […]
NETeller Plc announced the closure of its US online transfer business in thewake of growing restrictions in the country. The closure follows last week’sarrest of the two founders of the UK-based online money transfer company.NETeller founders Stephen Lawrence, 46, and John Lefebvre, 55, were arrestedlast week in the US and charged of handling billions of […]
The recent arrests of Neteller ex-directors Stephen Lawrence and JohnLefebvre whilst visiting the United States highlights once again that ifAmerican officialdom can get its hands on Internet gaming executives, it isprepared to bring charges that stride over international boundaries. Anyonereading the press release from the US Attorney General’s office thatreported the arrests can have little […]