WPT Enterprises, Inc. the company that helped launch the current globalpoker boom, issued a statement today encouraging the U.S. poker community tofocus on the bright future ahead in the wake of Congressional passage of the“Unlawful Internet Gambling Enforcement Act of 2006.” “The JusticeDepartment has been very clear that it believes online gaming to be illegalin […]
Tag Archives: online
With the initial panic over last weekend’s rushed US Congress action againstonline gambling dying down, operational companies are starting to look moreobjectively at the practical implications of this essentially financialrestrictive US proposal. The Unlawful Internet Gambling Prohibition Actcontains no provisions that would make it illegal for a person located inthe U.S. to place a bet […]
“The new law passed because members of the pro-family movement — includinga great many Southern Baptists — brought the issue to the attention of bothDemocrats and Republicans,” Bill Frist says in a letter to the SouthernBaptists, a minority group not representative of all, or even a majority, ofcitizens of the United States of America. In […]
The Nova Scotia Gaming Corporation is looking for families to test a newcomputer program for blocking online gambling sites. The corporation saidthe new software program, called Betstopper, is supposed to block more than94 per cent of online gambling sites. The province wants 500 families totest the product in their homes. As many as six per […]
Internet casinos were fighting for survival today after they were leftstunned by law makers in the United States who called ‘no more bets’ andsent shares crashing this week. Billions of pounds were lost when Congresseffectively shut down online gambling operations in the US and deprivedcasinos such as Party Poker firm PartyGaming and 888 Holdings of […]
Online gambling in the U.S. could soon be history in the wake of a recentlypassed bill banning the favourite pasttime of many Americans. Causing muchuproar in the industry, the United States Congress passed a surpriselegislation that would essentially prevent banks and credit card companiesfrom paying out funds to Websites for online gambling. All that’s left […]
The first online gambling company to be approached in a possible buy off wasUKBetting, owner of a gambling website – UkBetting.com – and several smallerbetting and gambling news portals such as Football365.com, SportingLife.com,TeamTalk.com, and Golf365.com. UKBetting only dropped 6% of its share priceoff the London stock exchange as it assured holders Monday that it relied […]
Rushed through Congress in the final hours of the 2005-2006 legislativesession, the Unlawful Internet Gambling Enforcement Act seems likely to failin its ultimate goal of prohibiting Americans from depositing andwithdrawing money from offshore-based online gambling companies. To be trulyeffective, the regulations should mandate that America’s financial networksidentify every product and service that an American purchases […]
No word of apology yet from all the City bankers, promoters, PR men, fundmanagers and regulators who are responsible for the worst scandal to hit theLondon stock market for years. Shares in online gaming companies have gonethrough the floor after the U.S. Senate passed a Bill to forbid banks fromprocessing payments to gambling websites. That […]
Trinidad has banned casino slot machines and is moving to outlaw onlinegambling – practices the socially conservative prime minister accuses ofencouraging vice and straining families. Prime Minister Patrick Manningannounced the changes in his budget proposal speech to Parliament onWednesday, less than a week after the U.S. Congress passed legislationcracking down on Internet gambling. “Gaming activities […]
The Canadian Hockey League has asked its lawyers to look at an off-shoreinternet gambling website where bets can be placed on major junior hockeygames and the Memorial Cup. The CHL includes the Ontario, Western and Quebecmajor junior leagues that total 59 teams of players aged 16 to 20. TheAustrian website bwin.com invites bets on OHL, […]
Disgraced Florida Congressman Mark Foley was a friend of internet gambling.Gambling911.com has learned he voted against a bill to outlaw onlinegambling, apparently between internet sex breaks with young Congressionalpages. Bluff Magazine, a leading poker monthly, obtained the votes from eachCongress person to ban internet gambling in which Foley voted “ney”. CouldMark Foley have been an […]
Politics has again made for strange bedfellows. This time, the oddly linkedpair is port security and Internet gambling. In the last hours beforeCongress adjourned for the midterm election campaign, the long-awaited portsecurity bill passed both chambers with an anomalous appendage: the UnlawfulInternet Gambling Enforcement Act of 2006. If signed by President Bush, thenew law would […]
Congress approved legislation restricting Internet gambling just beforebeginning a lengthy recess, prompting a major shakeup in the online wageringworld.News of the congressional action sent online gambling companies into atailspin when stock markets reopened Oct. 2. Shares of PartyGaming, thelargest of the Internet firms, decreased 58 percent on the London StockExchange, with the company losing about […]