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U.S. legislation likely just a speed bump for online gamblingNews Story
A U.S. law aimed at cracking down on Internet gambling may drive the practice more into the shadows and do little to deter bettors It was getting late on Oct. 12, the night before a sweeping anti-Internet gambling bill would be signed into law. Paul McGuire was at his computer, enjoying one last hurrah on PartyPoker, a site that had pledged to kick off all U.S. users as soon as the law left President Bush's desk. It was kind of like that last party before summer ends when you've got to go ba
Oct 19, 2006, 3:59 pm - Lottery News

New N.C. lottery game exceeds expectationsNews Story
Lottery officials say North Carolina's newest game sold more tickets than expected this weekend. Carolina Pick 3 launched Friday with its first drawing. Those who know the pick 'em games were fired up to see the new game start last week. It gives you more opportunity to win, plus it gives you the opportunity to spend more money, put it back into the state and back into the schools, lottery player Shawn James said. More money was spent than lottery officials expected. Through Sunday, s
Oct 10, 2006, 9:45 am - Lottery News

Analyst's outlook on Scientific Games downgradedNews Story
A Bank of America analyst on Monday downgraded Scientific Games Corp., which sells instant lottery tickets to more than 50 countries, saying that he was bearish on growth expectations in Germany. Analyst David Vas downgraded the stock to Neutral from Buy, and lowered his price target by $5 to $31. Vas said that instant ticket sales from two cooperative contracts in Germany have been sluggish due to legislative issues hindering the company's distribution and advertisement of scratch-off
Sep 12, 2006, 9:39 am - Lottery News

Another online gambling executive arrested in U.S.News Story
More than $1.5 billion (U.S.) in market value evaporated from the global online gambling industry yesterday after U.S. authorities arrested Peter Dicks, the chairman of Britain's Sportingbet PLC. Dicks, 64, was arrested in New York on a warrant issued in Louisiana for gambling by computer. His arrest comes less than two months after former BetOnSports PLC chief executive David Carruthers was arrested, charged with crimes including racketeering and fraud. Legal risk in the online gaming se
Sep 8, 2006, 5:19 pm - Lottery News

BETonSPORTS Shutting U.S. Gambling SitesNews Story
BetOnSports PLC, the British-based Internet gambling company that has been charged with fraud and racketeering in the United States, said Friday it will shut down its services for American gamblers. BETonSPORTS said it plans to stop operating in Costa Rica and Antigua from where it accepted wagers from tens of thousands of customers in the United States as soon as possible following a U.S. federal court order for the company to stop taking bets from the country. Shares in the company were
Aug 11, 2006, 11:11 am - Lottery News

Not guilty pleas entered in online gambling caseNews Story
The former chief executive of one of the world's largest online gambling companies, BetOnSports, will remain in federal custody after pleading not guilty Monday to charges of mail and wire fraud and racketeering. David Carruthers, 48, was one of several BetOnSports PLC employees and associates named in a federal 22-count indictment who pleaded not guilty. Neil Kaplan and Lori Kaplan Multz, the brother and sister of BetOnSports founder Gary Kaplan, were among those pleading not guilty. T
Aug 1, 2006, 7:59 am - Lottery News

BETonSPORTS Fires Jailed CEONews Story
Wagering firm distances itself from colorful founder and Costa Rica Embattled online gambling firm BETonSPORTS dealt its incarcerated chief executive out of the game with a terse announcement Tuesday that David Carruthers has been terminated. The company also put some distance between its operations and BETonSPORTS founder Gary Stephen Kaplan, who was charged with 20 felony violations and is currently on the lam. Mr. Carruthers, who was arrested in a U.S. dragnet nine days ago as he cha
Jul 26, 2006, 3:17 pm - Lottery News

Texas lottery raises concerns over GTECH's practices, ethicsNews Story
Lottery giant's merger with Lottomatica requires that Texas agree to keep its contract with the company GTECH Holding Corp.'s stock plummeted as much as 14 percent yesterday morning before rebounding after the Texas Lottery Commission and the Texas Department of Public Safety raised concerns about the company's business practices and ethical integrity. Investors, anticipating that Texas might adversely impact GTECH's pending $4.8-billion acquisition by Italy's Lottomatica SpA, sold off so
Jul 21, 2006, 10:45 am - Lottery News

Dallas arrest sparks fears of internet gambling crackdownNews Story
Analysts say timing of arrest may be designed to influence legislative process The internet gambling industry was in disarray last night after the Scottish chief executive of BetOnSports, the Costa Rica-based operator, was arrested by the US federal authorities at Dallas Fort Worth airport. In a brief hearing at a federal district court in Fort Worth, Texas, prosecutors said that David Carruthers and several others were charged with conspiracy to offer bets on professional and college spor
Jul 18, 2006, 8:14 am - Lottery News

Oklahoma lottery winners not in a hurry to claim prizesNews Story
Oklahoma retailers have sold winning lottery tickets totaling nearly $110 million, but ten winners have yet to claim more than $102 million in prizes. News on 6 anchor Tami Marler explains why they might be waiting to come forward. You're 33 times more likely to be killed by a bolt of lightening than win a Powerball jackpot, but just five months into Oklahoma's participation in the 31-state lottery, a Broken Arrow Quik Trip sold a winning ticket worth $101.8-million. It's not Oklahom
Jun 29, 2006, 12:00 pm - Lottery News