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All Gambling operators' eyes on BETonSPORTS hearingNews Story
Forth Worth, Texas, is the center of attention for the entire online gambling world today. Operators, executives, investors, financial advisors anxiously wait the outcome of David Carruthers' detention hearing which will take place this morning in Forth Worth. The DoJ wants David Carruthers to be extradited to Missouri. The DoJ is also requesting Mr. Carruthers to be denied bail. Carruthers was taken into custody by federal agents last Sunday in Dallas. The British media alleged that the F
Jul 21, 2006, 9:24 am - Lottery News

Net gambling ban bill set for Senate strifeNews Story
A bill to ban Internet gambling faces opposition in the US Senate but backers still hope to win passage of it within a few weeks, a top aide to US Senate majority leader Bill Frist said on Thursday. Eric Ueland, Frist's chief of staff, said: We are trying to get something done before the August recess, which is set to begin on 4 August. Earlier on Thursday, another Frist aide said lawmakers are still working on the bill but will not be able to vote on it before the Senate heads off for i
Jul 21, 2006, 8:27 am - Lottery News

Online Gambling Conference Shuts Down After ArrestsNews Story
David Carruthers became the latest poster boy or scapegoat, depending on one's perspective when he was arrested in Dallas on charges of racketeering, conspiracy and an illegal online gambling enterprise. While on a layover to Costa Rica, where his company is based, Carruthers, chief executive officer for BetOnSports was arrested and detained on Sunday, forcing the online gambling community to take note. Carruthers' arrest seems to have spooked online gaming executives. A major gaming con
Jul 21, 2006, 7:30 am - Lottery News

Sports-Betting Operation Shuts Web SiteNews Story
An offshore sports-betting operation targeted by U.S. prosecutors shut down its Web site Tuesday night, a day after a federal judge ordered the company to stop letting Americans place wagers. BetOnSports PLC said it was temporarily stopping all transactions while it reviewed the situation. Earlier on Tuesday, the site had appeared to be operating normally, offering bets on Major League baseball and season-opening college football games. The company's founder, Gary Stephen Kaplan, the
Jul 19, 2006, 9:24 am - Lottery News

Analysts say online gambling law a bad ideaNews Story
'Moral crusade ... is wrong for about 1,000 reasons' Yesterday, the Department of Justice [DOJ] announced charges against 11 individuals and four companies accused of taking sports bets from U.S. residents in the $12 billion a year online gambling industry. The charges focused on the persons and companies that supported BetonSports PLC, a U.K. incorporated, publicly traded company and popular Internet sportsbook that claims to have 1.2 million registered users. The view of the DOJ is a
Jul 19, 2006, 8:36 am - Lottery News

Gambling industry adjusting after CEO arrestNews Story
Next week's big online gambling conference in Las Vegas may turn out to be a washout as a number of individuals invited are thinking of cancelling their trip in the wake of the indictments of senior directors at BetonSports. The annual conference, organised by Bodog.com, is a must-go event for industry executives, but the arrest of the BetonSports chief executive David Carruthers on entry to the US has made people think twice about attending. Bodog.com's chief executive, the Canadian maver
Jul 19, 2006, 8:07 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

Arrest Made in Crackdown on Internet BettingNews Story
In a sharp escalation of their crackdown on Internet gambling, United States prosecutors said yesterday that they were pressing charges against the chief executive of BetOnSports, a prominent Internet gambling company that is publicly traded in Britain, and against several other current and former company officers. Federal authorities arrested the chief executive, David Carruthers, late Sunday as he was on layover at Dallas-Fort Worth International Airport on his way from Britain to Costa Ric
Jul 18, 2006, 7:37 am - Lottery News

US House votes to kill Internet gamblingNews Story
Like with immigration, congress does the opposite of what the people want The House passed legislation Tuesday that would prevent gamblers from using credit cards to bet online and could block access to gambling Web sites. The legislation would clarify and update current law to spell out that most gambling is illegal online. But there would be exceptions - for state-run lotteries and horse racing - and passage isn't a safe bet in the Senate, where Republican leaders have not considered th
Jul 11, 2006, 4:07 pm - Lottery News

US House on the brink of taking away online gambling rightsNews Story
Gamblers who prefer their laptops to blackjack tables won't like what Congress is doing. On Tuesday, the House plans to vote on a bill that would ban credit cards for paying online bets and could padlock gambling Web sites. The legislation would clarify existing law to spell out that it is illegal to gamble online. To enforce that ban, the bill would prohibit credit cards and other payment forms, such as electronic transfers, from being used to settle online wagers. It also would give la
Jul 10, 2006, 8:16 pm - Lottery News