How online gamblers unmasked cheaters
In the wild, wild west, when a poker player was caught cheating it was a capital offense, with the punishment quickly dispensed right across the card table. But today if you're caught cheating in the popular and lucrative world of Internet poker, you may get away scot-free.
At least that seems to be what is happening in the biggest scandal in the history of online gambling. A small group of people managed to cheat players out of more than $20 million.
And it would have gone undetected if i ...
Dec 1, 2008, 2:17 pm - Lottery News forum
Youths prefer online betting
Canadians spend up to $400M a year; Users access computer servers based in foreign jurisdictions or on Mohawk reserve
Young adults a key growth sector for Canada's gambling industry are very interested in such technology driven options as online gambling, which is not yet legal in Canada, an industry conference heard yesterday.
Citing a national survey, pollster Allan Gregg told the 2008 Canadian Gaming Summit under way in Montreal that one-third of Canadians say they are gambling le ...
Apr 30, 2008, 9:00 am - Lottery News forum
Outlook for online gambling in U.S. discussed at conference
On the heels of a House Judiciary Committee hearing on a bill proposing an independent study on the feasibility of legalizing and regulating online gambling, former Senator Alfonse D'Amato, chairman of Poker Players Alliance, said he expects the legalization of online poker in the United States within 18 months.
The panelists in the State of the Industry: Internet Gambling at the Crossroads keynote session at Global Gaming Expo (G2E) said pending sanctions by the World Trade Organization due ...
Nov 20, 2007, 11:28 am - Lottery News forum
Employee hacks into online poker site
A leading Internet poker site said Friday that a hacker exploited a security flaw to gain an insurmountable edge in high-stakes, no-limit Texas holdem tournaments the ability to see his opponents' hole cards.
The cheater, whose illegitimate winnings were estimated at between $400,000 and $700,000 by one victim, was an employee of AbsolutePoker.com who hacked the system to show that it could be done, a spokesman for the company anonymously told a reporter.
This is literally a geek trying ...
Oct 25, 2007, 9:43 am - Lottery News forum
Study reveals online gambling led to *fewer* gambling problems
A report released by the British government's Gambling Commission today reveals that problem gambling has not increased over the last eight years, despite widespread speculation to the contrary.
In fact, there may be fewer problems today than before gambling was legalized in Great Britain on the Internet.
The British Gambling Prevalence Survey is a large-scale nationally representative survey of participation in gambling and the prevalence of problem gambling in Great Britain. The first B ...
Sep 19, 2007, 5:17 pm - Lottery News forum
Congressman leads charge to regulate USA online gambling
Support for Congressman Frank's bid to regulate online gambling in the USA grows
July has been a good month for Congressman Barney Frank, Chairman of the influential House Financial Services Committee and author of Bill HR 2046 the Internet Gambling Regulation and Enforcement Act which proposes the regulation and taxation of Internet gambling in the United States instead of banning the pastime.
Five more Congressman have signed on to the Bill as sponsors, including Representatives Anthony ...
Jul 23, 2007, 8:52 pm - Lottery News forum
Antigua gets favorable WTO gambling ruling over U.S.
The United States has suffered a new setback in a four-year-old legal battle with Antigua and Barbuda over U.S. restrictions on Internet gambling, a U.S. trade official said on Thursday.
At issue is an April 2005 World Trade Organization ruling against U.S. prohibitions on online horse race betting. Since then, the U.S. Congress has passed additional legislation to ban certain financial transactions related to gambling over the Internet.
Gretchen Hamel, a spokesman for the U.S. Trade Repre ...
Jan 27, 2007, 8:46 am - Lottery News forum
Germany debates online gambling
Premiers from the 16 German states were unable to reach unanimous agreement Wednesday on proposed laws to protect state gambling monopolies by banning online gambling in the country.
The heads of the individual German states met to discuss the ban, which would have to be approved by the federal parliament. Three German states Bavaria, Saxony and Hesse have already introduced state laws. Most of the German states run lucrative monopolistic lotteries and are keen to protect these revenues, ...
Dec 14, 2006, 3:39 pm - Lottery News forum
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
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