Now France targets gaming firms
Shares in the leading betting companies fell heavily after the French authorities arrested the two chief executives of an Austrian gambling firm, signalling the start of a major French crackdown on online betting. Manfred Bodner and Norbert Teufelberger, the heads of Bwin, were arrested as they unveiled a shirt sponsorship deal for Monaco football club.
advertisementAn officer in the French intelligence service said the authorities had been investigating the company since last year, but said ...
Sep 16, 2006, 12:42 pm - Lottery News forum
North Dakota a Gambling Haven?
Outside the Beltway, way out there in flyover land on the prairies of North Dakota, not all Republicans are lining up to support U.S. Senate Majority Leader Bill Frist's call to ban Internet gambling.
In fact, North Dakota State Rep. Jim Kasper says, My fellow Republicans just don't get it when it comes to Internet gambling.
In July, the U.S. House of Representatives passed the Unlawful Internet Gambling Enforcement Act of 2006, which updates the 1961 Wire Act banning sports wagering o ...
Sep 16, 2006, 12:22 pm - Lottery News forum
Frist continues crusade against Internet gambling
Senate Majority Leader Frist seeks to add Internet gambling ban to defense bill, sources say
Senate Majority Leader Bill Frist is trying use a bill authorizing U.S. military operations, including in Iraq and Afghanistan, to prohibit people from using credit cards to settle Internet gambling debts.
Frist, R-Tenn., and his aides have been meeting with other lawmakers and officials in both the House and Senate to get the measure attached to a compromise Defense Department authorization bill, ...
Sep 14, 2006, 9:19 am - Lottery News forum
Online gambling executive arrested on state charges
Gambling industry experts agree: If you operate an offshore gaming Web site, stay out of the U.S.
Moments after stepping foot on American soil Thursday, Sportingbet PLC Chairman Peter Dicks became the second British offshore sports betting executive arrested in recent months for illegal online gambling in the U.S. Former BetOnSports PLC Chief Executive Officer David Carruthers was arrested on federal charges in July.
It's still unclear if the arrest is a coincidence or part of a government ...
Sep 8, 2006, 5:47 pm - Lottery News forum
Another online gambling executive arrested in U.S.
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 forum
Banks balk at plan to cut off cash from net casinos
A group representing 5,000 small banks is opposing a tool lawmakers hope to use to stop online gambling, posing a challenge to what is widely seen as the government's best shot at cracking down on the activity.
The Independent Community Bankers of America, whose members range from New York's Metropolitan National Bank to Colorado's First National Bank of Las Animas, is objecting to a proposal winding its way through Congress that would require financial institutions to block payments between ...
Aug 30, 2006, 12:22 pm - Lottery News forum
More offshore gambling arrests
New case involves same pattern of offshore web site accepting sportsbets from US residents over the phone
Four men were indicted for allegedly running an illegal offshore gambling operation, federal authorities said.
The U.S. attorney's office reported Wednesday that four men have been indicted in connection with an ongoing investigation into a gambling and money laundering scheme that allegedly involves facilitating illegal betting through a Costa Rica-based Web site.
According to the ...
Aug 17, 2006, 9:33 am - Lottery News forum
Former BETonSPORTS CEO Carruthers freed on bond
David Carruthers, the former chief executive of indicted online gaming company BETonSPORTS Plc, was freed on Wednesday on $1 million bond with strict curbs on his movements.
Carruthers, 48, must wear an electronic monitoring device and remain confined to a St. Louis residence except for special circumstances until his trial on racketeering and fraud charges, according to the court-ordered terms of his bond.
BETonSPORTS fired Carruthers after his July 16 arrest during a layover at a Texas ...
Aug 16, 2006, 5:21 pm - Lottery News forum
Online gambling company says it will lock out U.S. bettors
fBETonSPORTS, the online gambling company targeted by federal prosecutors in Missouri and Washington, is shuttering the majority of its billion-dollar operations and will no longer accept bets from the United States, a company spokesman said Thursday evening.
The move was seen as a significant victory for prosecutors targeting online gambling and as somewhat of a surprise. Industry experts and even a company insider had predicted that BetOn Sports would simply ignore the federal criminal pros ...
Aug 11, 2006, 11:27 am - Lottery News forum
BETonSPORTS Shutting U.S. Gambling Sites
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 forum