The two founders of the British “virtual wallet” group Neteller, whichprovides gambling accounts to online punters, have been arrested in Americaand charged with money laundering offences which carry penalties of up to 20years in prison. Neteller’s former chairman, Steve Lawrence, 46, wasdetained in the US Virgin Islands on Monday and his co-founder, JohnLefebvre, 55, was […]
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Two founders of a company that processes Internet gambling transactions werearrested and charged with funneling billions of dollars in gambling proceedsto overseas betting operations, federal prosecutors announced Tuesday. Thecharges mark the latest in a series of crackdowns by the federal governmentagainst the online gambling industry. The charges against the formerNeteller PLC directors, John David Lefebvre, […]
The manager of a 23,000-member private card club in London was convictedtoday of violating Britain’s gambling laws after a jury decided poker is agame of chance, not pure skill. Derek Kelly argued that he didn’t need agambling license to take a share of profits from players at his club becausethe U.K.’s Gaming Act 1968 covers […]
This recommendation is part of a tough set of proposals aimed at helpinghealthcare professionals deal effectively with the growing problem ofgambling addiction in the UK. The report is timely given the 2005 GamblingAct is due to come into force this September. The new UK legislation willincrease gambling facilities and subsequently problem gambling may risetoo – […]
Two founders of a company that processes Internet gambling transactions werearrested and charged with funneling billions of US dollars in gamblingproceeds to overseas betting operations, federal prosecutors announcedTuesday. The charges mark the latest in a series of crackdowns by thefederal government against the online gambling industry. The charges againstthe former Neteller PLC directors, John David […]
The American authorities have swooped on the founding shareholders ofNETeller, the company which specialises in money transfers between onlinegambling sites and players. Stephen Lawrence and John Lefebvre, both formerdirectors of the firm, were detained in the US yesterday, while travellingseparately. NETeller called for a suspension of trading in its shares as itrevealed the shock development […]
NETeller Founders John Lefebvre and Steve Lawrence were detained in theUnited States on Monday, January 15th, 2006. The news of their detainment,which was originally reported by Gambling911.com late Monday evening, sentshockwaves through the online gambling industry immediately. NETeller, basedout of the Isle of Man, is publicly traded on the London exchange (AIM) andstates on their […]
Despite the strengthening of legal barriers to its development in the US,prospects for the development of the global mobile gambling market remainstrong, according to Juniper Research. In new forecasts for the mobilegambling market, Juniper predicts that the global market for all forms ofmobile gambling (casinos, lotteries and sports betting) will grow from $1.35billion in 2006 […]
A new survey, commissioned by consultancy firm Morse, claims that onlinegambling while at work is costing English firms more than £300m every yearin lost productivity. The research reveals that 30 percent had used anonline casino, bought a lottery ticket or made a bet while on office time –or new someone who had. The survey suggested […]
According to market analysts Juniper Research, the global market for allforms of mobile gambling (casinos, lotteries and sports betting) reachedmore than $1.35bn in 2006. Looking ahead, the firm expects the industry togrow by about 1130 per cent to $16.6bn by 2011. Report author Bruce Gibsonsaid: “We published our last full report on mobile gambling in […]
In light of the Unlawful Internet Gambling Enforcement Act (UIGEA), as onewould expect, the online gambling industry has indeed shifted its focus tonon-US countries. In addition, the UK has taken steps to make it morecomplex to use its services illegitimately. Meanwhile, although it may notbe quite as harsh as the UIGEA, Turkey has begun to […]
Good news for the online gambling industry. Online gambling and online pokeris getting legalized in more and more countries According to and interestingonline gambling article from casinogamblingweb: After the Unlawful internetGambling Act was passed for US poker site and casino players, many Mac usersfound all their favorite rooms were closing up shop. In light of […]
Since 1998, Pinnacle Sports has been doing online business with US citizenswho enjoy gambling, but when American gamblers signed onto their accountsthis morning, they were informed they could no longer place bets with thissports book located in Curacao. Pinnacle’s “main man” gave EOG an exclusiveinterview this morning and here is some of what he had […]
Since 1998, Pinnacle Sports has been doing online business with US citizenswho enjoy gambling, but when American gamblers signed onto their accountsthis morning, they were informed they could no longer place bets with thissports book located in Curacao. Pinnacle’s “main man” gave EOG an exclusiveinterview this morning and here is some of what he had […]