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 […]
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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 […]
We won’t be among the mourners when and if President Bush signs a bill toban Internet gambling that passed Congress in the early hours of Sept. 30.The Web has opened up many marvelous horizons: easy, affordable globalcommunication, fingertip access to a virtually infinite storehouse ofknowledge, and the ability to shop for merchandise in the world’s […]
In the recent movie “Thank You for Smoking,” a tobacco lobbyist comes underfire for working to protect people’s right to smoke. A similar movie couldbe made about gambling and the villain would be Representative BobGoodlatte. The Virginia Republican has been fighting to enact legislation onInternet gambling for some time, and he can now finally claim […]
Britain’s Sportingbet and Leisure & Gaming both pulled out of the UnitedStates ahead of a ban on Internet gambling on Friday, each selling theirU.S. operations to private investors for $1. Smaller rival World Gamingmeanwhile said it was impossible to continue in business and called inadministrators. All three companies were rushing to complete the dealsbefore President […]
The beleaguered online gambling industry is bracing itself for a wave ofcompany collapses and redundancies, after World Gaming collapsed intoadministration today. It is the first company to crash, following the shockdecision of the US senate to outlaw online gaming last month. PresidentGeorge Bush is expected to sign the legislation into force later today. Allthe online […]
Officially, the bill President George W. Bush will sign Friday is aimed atmaking the nation’s ports more secure. But the part that’s getting all theattention is about Internet gambling. It includes a big crackdown on onlinebetting, which is already illegal in most cases. It’s been tough to enforce,but lawmakers said the new provision will take […]
European Commission competition officials are crying foul over plans by someEuropean states to restrict foreign sports betting and gambling servicesfrom operating in their countries. Brussels is considering legal actionagainst protectionist barriers planned by France, Italy, and Austria thateffectively ban foreign online gaming and casino operators. In total, nineEU member states face possible action over the […]
With the US government cracking down on online gambling, what are the oddsfor the industry in America? It’s an impressive list: the September arrestof Peter Dicks, non-executive chairman of Sportingbet; the July arrest ofDavid Carruthers, chief executive of BetonSports; and legislation passed bythe US House of Representatives in July to prohibit banks and credit cardcompanies […]
The European Commission today threatened legal action against France, Italyand Austria for restricting sports betting and gambling services, includingbanning foreign online gaming and casino operators. Its move, bringing tonine the number of EU countries whose gambling legislation is underinvestigation, was hailed as a shot in the arm by the ?50bn European bettingsector – several of […]
“One thing you need to realize is that this industry has always been undersiege and probably always will be,” said Sue Schneider, CEO of River CityGroup in her welcoming remarks to attendees of the European I-GamingCongress and Exhibition (EiG) Wednesday morning. More than 1,000 delegatesare in attendance at the Clarion Events ATE/River City Group produced […]
In a press statement titled “Americans Still Free to Gamble Online” theInteractive Gaming Council, a trade association for Internet gamblingoperators, pointed to important aspects of the new US legislation this week.The IGC statement paints a background to the law whereby “Literally in thedark of night, without debate and far from public scrutiny, Republicanleaders in Congress […]
Prior to analyzing how the new federal law interacts with state gaming law,it is necessary to have a basic understanding about the two constitutions bywhich we are all bound. Every state has a constitution that is a body oflaws that the citizens of that state must follow. There is also a federalConstitution that all citizens […]
BRITISH firms continued to feel the strain of a crackdown on internetgambling in the United States as two more firms abandoned operations acrossthe Atlantic.London-based casino Leisure & Gaming said it was “no longer appropriate” forthe company to accept US customers after Congress approved the UnlawfulInternet Gambling Enforcement Act. It also revealed it was consideringselling its […]