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 […]
Monthly Archives: October 2006
STEVE Bracks’s keenly awaited pokies policy was effectively stillborn on theeve of its planned release earlier this year, when Opposition Leader TedBaillieu grasped the initiative with a pledge to cut 5500 machines. It’s notthat Baillieu’s policy was without flaws; for one thing it was uncosted. Italso allowed for the removal in 2012 of idle poker […]
The post-crackdown value of web gambling companies in the US now have theiranswer – $1 a pop. Sportingbet pre-empted expected broad restrictions ongambling sites in the Unlawful Internet Gambling Enforcement Act by sellingits US operations for the price of a one-drink tip to an American bartender.It also discharged $13.2 million worth of liabilities in anticipation […]
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 […]
Gambling addiction counselors say unplugging the Iowa Lottery’s TouchPlay games has made a big difference in Iowa’s gambling climate. They say, when the legislature banned the machines last March, the calls to gambling treatment hotlines dropped off. The machines were in more than 6,000 grocery stores, bars and convenience stores. A counselor for gambling addicts […]
One of the strongest benefits of bringing gambling to Northeast Ohio will bethe $75 million that can be used by the region to stimulate economicdevelopment, said Joe Roman, president of the Greater Cleveland Partnership.GCP is one of the groups that crafted the constitutional amendment that isstate Issue 3 on the Nov. 7 ballot. In a […]
A bid by a pair of private-equity firms to buy Harrah’s Entertainment, ifapproved, will offer the latest evidence of a flourishing symbioticrelationship between Nevada regulators and the casino industry. A vital roleof regulators is to set the bar for who is allowed to operate casinos inNevada, and to conduct background investigations into their character.Reputation, honesty […]