The Justice Department has issued subpoenas to at least four Wall Streetinvestment banks as part of a widening investigation into themultibillion-dollar online gambling industry, according to people briefed onthe investigation. The subpoenas were issued to firms that had underwrittenthe initial public offerings of some of the most popular online gamblingsites that operate abroad. The banks […]
Tag Archives: casinos
A SHAKE-UP of gambling laws could increase problem gambling, the governmentminister in charge of the issue has conceded. The Gambling Act, which waspassed last year, relaxes some restrictions on the industry. For the firsttime, Las Vegas-style `supercasinos’ will be allowed in Britain. A decisionon the site of the first is due in the next week. […]
Back in the early 1960s, no states ran lotteries, only one — Nevada —allowed casinos and Indian tribes had yet to discover bingo or glitzy casinohalls. Today, 42 states operate lotteries, 37 have commercial, Indian orracetrack casinos and only two — Utah and Hawaii — don’t allow any form ofgambling. The gaming industry is a […]
Neteller was by far the most popular online gambling payment method, butthere are many excellent online payment methods now that Neteller hasdecided to no longer facilitates gambling transactions…The followingonline gambling payment methods will be accessible from the cashier functionin most online casinos, poker rooms and sports books. They are allalternatives to Neteller for US-based players. […]
After losing a pile of money at an Atlantic City casino in July 2004, afrustrated gambler drove directly to the Casino Control Commissionheadquarters and put his name on a list of people banned from the city’scasinos. It’s a decision he immediately regretted – even more so when helearned that in this case, what happens in […]
The recent arrests of Neteller ex-directors Stephen Lawrence and JohnLefebvre whilst visiting the United States highlights once again that ifAmerican officialdom can get its hands on Internet gaming executives, it isprepared to bring charges that stride over international boundaries. Anyonereading the press release from the US Attorney General’s office thatreported the arrests can have little […]
A state lawmaker who favors legalizing and regulating the video gamblingmachines now common in bars and social clubs has decided against filinglegislation to make that change. Rep. Win Moses, D-Fort Wayne, saidyesterday that he instead is seeking to create a committee to study theissue this summer and consider such matters as how much to tax […]
Democratic gubernatorial candidate Steve Beshear yesterday said he wants togive people a chance to vote next year on whether to legalize expandedgambling at racetracks and to open some casinos in Kentucky. Beshear saidexpanding gaming would generate $500 million a year for the state, help thehorse industry and stop Kentuckians from going to Indiana and other […]
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 […]
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 […]
Back in the early 1960s, no states ran lotteries, only one — Nevada —allowed casinos, and Indian tribes had yet to discover bingo or glitzycasino halls. Today, 42 states operate lotteries, 37 have commercial, Indianor racetrack casinos and only two — Utah and Hawaii — don’t allow any formof gambling. The gaming industry is a […]
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 […]
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 […]