Dow Jones Newswire reports that against a background of full hotels and aninflux of gambling industry bosses, the absence of online gambling will benoticed at the Global Gaming Expo this week. Commenting on the absence ofonline gambling at the AGA conference, Dow Jones says that it is one sourceof possible growth that the big names […]
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Online gambling group 888 Holdings PLC, which is in talks with bookmakerLadbrokes about a possible sale of the business, said Tuesday that netgaming revenue at its non-U.S. operations rose 20 percent in the thirdquarter. Income from non-U.S. business rose to US$38 million (?29.6 million)in the three months through Sept. 30 compared with US$32 million in […]
The American Gaming Association’s board of directors will meet next month toconsider whether to lobby the next [Democrat-controlled] US Congress toestablish an independent research study of Internet gambling policy. “Theboard will consider whether or not to support legislation in the newCongress calling for an independent study of Internet gambling to see if itcan be properly […]
An outspoken gambling critic who will be featured in an upcoming BritishBroadcasting Corp. news program on Internet gambling also is working to keepthe multistate lottery out of Wyoming. But lottery supporters say playersare already driving to other states to bet their dollars, and public opinionsupports bringing a lottery to Wyoming. Retired dentist David Robertson ischairman […]
Bids to potentially take Clear Channel Communications private are reportedto be due either today or Monday, according to Reuters sources. TheFinancial Times and The Wall Street Journal have reported that the finalbids could potentially lead to a deal being announced as soon as next week.Last month, amid speculation, Clear Channel announced it was “consideringstrategic alternatives […]
Bids to potentially take Clear Channel Communications private are reportedto be due either today or Monday, according to Reuters sources. TheFinancial Times and The Wall Street Journal have reported that the finalbids could potentially lead to a deal being announced as soon as next week.Last month, amid speculation, Clear Channel announced it was “consideringstrategic alternatives […]
U.K. online gambling site BetOnSports on Thursday settled civil chargesfiled by U.S. prosecutors, agreeing to permanently ban any wagers placedfrom the U.S., the Associated Press reported. The settlement does not applyto separate criminal charges the U.S. brought against BetOnSports CEO DavidCarruthers, who was arrested while traveling through the U.S. in July, andother BetOnSports employees. Carruthers, […]
Deputy city council speaker Chiu Fang-chin of Chiayi, southern Taiwan, andhis wife Chen Chiu-kuei were allegedly engaged in operating a multinationalonline gambling Web site in cooperation with other people, prosecutors saidyesterday. Chiu was released after being interrogated by prosecutors on hisalleged role in the case, due mainly to the Chiayi City Council still havinga session. […]
U.S. Attorney Catherine Hanaway reached a settlement Thursday with onlinegambling company BetOnSports PLC which permanently bars the London-basedcompany from accepting any bets from the United States. The settlement endsa massive civil case Hanaway filed this summer. The settlement also requiresBetOnSports to open a toll-free telephone service to inform bettors how theycan reclaim wagers pending before […]
Online gamblers miffed at recent federal legislation that seeks to blockInternet gambling were cheering after Representative Jim Leach, R-Iowa, thesponsor of the anti-gaming legislation, was defeated in this week’selection. “A victory for Internet gambling as Jim Leach gets voted out,”crowed Gambling911, a pro-gambling Web site, for instance. Leach had servedfor 30 years as a congressman […]
The online gambling industry, facing billions in losses because of a newU.S. law, is scrambling for ways to keep Americans in its game. PresidentBush signed legislation in mid-October that bars U.S. banks and financialfirms from sending credit card payments or other funds to sites involved inonline gambling, which is mostly illegal in the United States. […]
While the rest of the US will be discussing the Democratic victories thatsecured a House majority and a potential Senate majority, most online pokerplayers will be discussing a single victory; the one that unseated 30 yearincumbent Republican Jim Leach. Leach was the sponsor of the House bill thatbecame the Unlawful Internet Gaming Enforcement Act. With […]
The British bookmaker Ladbrokes confirmed on Monday that it was in talks tobuy 888 Holdings PLC, the online gambling group. In a brief statement,Ladbrokes said it “can confirm that it is in the early stages of reviewing apossible transaction involving 888. No decision has been made as to whetherany proposal will be made to 888.” […]
The global gaming market yielded $258.3 billion in 2005. Online gamblingbrought in 5 percent, or $13 billion, according to the United Kingdom-basedGlobal Betting and Gaming Consultants’ 2005 report. Online gambling is oneof the fastest-growing segments of the gaming market at a compound annualgrowth rate of more than 50 percent since 1998. The market is projected […]