Despite dire predictions, Net gambling not changed by new U.S. law
When President George W. Bush signed the Unlawful Internet Gambling Enforcement Act in October, many reports gave the impression it sounded like the death knell for the multibillion-dollar Web-based gambling industry.
On the contrary, all it did was strictly regulate the process by which funds are transferred from users of the sites to the offshore companies which own and operate them. The practice itself wasn't declared illegal.
Reputable foreign companies wh ...
Dec 8, 2006, 10:56 am - Lottery News forum
NJ Lottery tickets call Corzine 'Acting Gov.'
Gov. Corzine got an early Christmas present from the New Jersey Lottery a demotion to acting governor.
A $2 scratch-off game, Holiday Lucky Times 10, that hit the stores Nov. 13 lists Jon S. Corzine as Acting Governor on a list of state and lottery officials, even though Corzine was elected to a four-year term in November 2005.
I just bought a ticket, I looked at the back of it just to see what the prizes were and I happened to notice it said, Jon Corzine, acting governor,' said Ja ...
Nov 21, 2006, 9:38 pm - Lottery News forum
New Tenn. congressman wants national lottery
Tennessee State Senator Steve Cohen, author of the bill creating the Tennessee Lottery, says he may consider working on a bill to create a national lottery to pay off the national debt when he heads to Congress.
I've considered that, he said. I know that the state lottery's against it, but I think a national lottery to pay off the national debt would be a good thing. ... Debt is a serious problem. A national lottery could help.
Cohen, a Democrat, was elected to succeed U.S. Rep. Harol ...
Nov 14, 2006, 10:54 am - Lottery News forum
Experts: Online-Gambling Ban Won't Work
Gamblers may look over their shoulder now, but experts say a new Internet gambling ban won't keep bettors from ponying up, just turn them on to overseas payment services out of the law's reach.
It has put a terrible scare into people, said I. Nelson Rose, who teaches gambling law at Whittier Law School. But it won't by any means wipe out Internet gambling.
The fright swept through the $12 billion industry on the heels of the recent arrests of two gambling company executives and a new l ...
Nov 12, 2006, 9:08 am - Lottery News forum
U.S. Settles BetOnSports Online-Gambling Civil Case
A federal prosecutor reached a settlement Thursday with online gambling company BetOnSports PLC that permanently bars the London-based company from accepting any bets from the United States.
The lawsuit has been closely watched by the online gambling industry, which generates about $6 billion annually in the United States.
The settlement ends a massive civil case U.S. Attorney Catherine Hanaway filed this summer.
It does not effect a criminal case still pending against several BetOnSpor ...
Nov 12, 2006, 9:03 am - Lottery News forum
N.J. considering privatizing lottery
Gov. Corzine approach to N.J. financial woes: sell everything, including the lottery
State officials are studying whether selling the New Jersey Lottery to a private company can reap big money for cash-strapped state coffers, Treasurer Bradley Abelow said yesterday.
Abelow said letting a private firm buy the lottery and collect its substantial winnings is one idea gaining favor as part of a year-long review of whether the state should sell or lease public assets such as the New Jers ...
Nov 2, 2006, 8:53 am - Lottery News forum
N.J. Lottery throws out GTECH contact
State to rebid lottery deal as lobbyist concerns arise
Seeking to erase concerns the state's long-time lottery vendor might have enjoyed an inside edge in winning its latest contract, New Jersey state treasurer Bradley Abelow announced yesterday the state will rebid the job for the third time in 15 months.
Abelow ended special hearings that have been going on before former state Supreme Court Justice Daniel O'Hern Jr. and said the department will move quickly to solicit new bids.
Oct 21, 2006, 11:53 pm - Lottery News forum
U.S. legislation likely just a speed bump for online gambling
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 forum
Criminal probe sought in award of NJ Lottery contract
A New Jersey Assembly Democrat has asked for a criminal investigation into the role a Republican assemblywoman and her former lobbying firm played in helping the state's lottery operator gain a new contract despite bidding nearly $32 million more than a competitor.
Assemblyman Reed Gusciora, D-Princeton, sent a letter Sept. 29 to Gregory A. Paw, director of the state Division of Criminal Justice, asking for an investigation to determine whether Assemblywoman Jennifer Beck, R-Red Bank, and her ...
Oct 10, 2006, 9:03 am - Lottery News forum
Internet gambling restrictions attached to port bill
House and Senate negotiators reached agreement last night on legislation to tighten maritime and port security regulations and, in a last-minute move, added an unrelated measure that seeks to ban Internet gambling.
At the same time, House negotiators prevailed in their fight to strip out $4.5 billion in rail and mass-transit security funds included in the Senate provision.
The port security and Internet gambling legislation was approved 409 to 2 in the House and on a voice vote in the Sena ...
Sep 30, 2006, 10:23 am - Lottery News forum