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N.C. bill keeps 'education' in lottery for nowNews Story
The North Carolina Education Lottery is keeping the education in its name at least for now. A bill debated Wednesday by a House judiciary committee and aimed at reeling in advertising for the state-run lottery originally directed the lottery to stop using the word education in its advertising. But the bill's chief sponsor said he would pull that prohibition because he didn't want to make the cost of such a rebranding drag down the bill, which he said is designed to bring more truth to what
Mar 7, 2013, 4:35 pm - Lottery News

N.J. Gov. Christie signs online gambling billNews Story
Internet gambling scores its biggest win New Jersey on Tuesday became the biggest state yet to allow regulated online gambling, establishing a template that proponents hope other states will follow for a business that federal authorities long treated as a criminal enterprise. The new law allows Atlantic City's casinos to run websites that take bets on games such as blackjack, slots and poker. It also could help legitimize online-gambling companies whose executives the U.S. Justice Departme
Feb 26, 2013, 9:30 pm - Lottery News

Nevada governor signs online gambling billNews Story
Gov. Brian Sandoval signed legislation Thursday legalizing online gambling in Nevada, capping a dizzying day at the Legislature as lawmakers passed the bill through the Assembly and Senate as an emergency measure. Nevada wanted to beat New Jersey, its East Coast casino rival, to the online gambling punch. New Jersey Gov. Chris Christie previously vetoed an online wagering bill but has indicated he may sign an amended version next week. Sandoval and Nevada legislative leaders said it was im
Feb 22, 2013, 6:01 am - Lottery News

Tech industry sets its sights on gamblingNews Story
Look out Las Vegas, here comes FarmVille. Silicon Valley is betting that online gambling is its next billion-dollar business, with developers across the industry turning casual games into occasions for adults to wager. At the moment these games are aimed overseas, where attitudes toward gambling are more relaxed and online betting is generally legal, and extremely lucrative. But game companies, from small teams to Facebook and Zynga, have their eye on the ultimate prize: the rich American
Feb 18, 2013, 11:46 am - Lottery News

Mass. Treasurer pushing for Internet lottery salesNews Story
Massachusetts State Treasurer Steven Grossman is gearing up to ask state lawmakers for permission to create and test what he hopes will be a first wave of Internet lottery games in Massachusetts. Grossman said Tuesday that he plans to ask the Legislature to eliminate existing barriers in state law that prevent the lottery from selling tickets and other games online or accepting credit cards as a form of payment. Grossman said the kinds of lottery items for sale on the Internet could includ
Dec 12, 2012, 10:14 am - Lottery News

Lotteries a threat to federal Web poker bill?News Story
In the battle for online gambling in cyberspace, Nevada casinos and multiple state lotteries could be close to a showdown one that will shape the U.S. gaming industry forever. The lottery, referred to as the most popular form of gambling in the world by Illinois Lottery Superintendent Michael Jones, just months ago broke ground on the Web. Jones, who was speaking on a panel at G2E held Monday in Las Vegas, has so far seen about 100,000 people in his state use the Internet to buy tickets. L
Oct 3, 2012, 10:16 am - Lottery News

Online poker sites settle U.S. lawsuit for $731 millionNews Story
The Department of Justice announced a $731 million settlement Tuesday with online poker companies PokerStars and Full Tilt Poker to resolve bank fraud and money laundering allegations. Full Tilt also resolved allegations that it operated a Ponzi scheme, failing to maintain sufficient funds on deposit for players to withdraw. Prosecutors said last year that Full Tilt had used more than $400 million worth of player funds to pay board members and other owners since 2007. As part of Tuesday's
Aug 1, 2012, 6:42 am - Lottery News

Internet poker owner handed 14-month prison termNews Story
An owner of Absolute Poker, one of the three largest Internet poker companies, was sentenced to 14 months in prison on Monday after admitting to deceiving banks over the processing of gambling proceeds. Brent Beckley, 32, joined Costa Rica-based Absolute Poker in 2003 and became its head of payment processing. Last December, he pleaded guilty in Manhattan federal court to conspiring to break U.S. laws against gambling on the Internet. He also pleaded guilty to a charge of conspiracy to commit
Jul 23, 2012, 9:23 pm - Lottery News

W.Va. Lottery has $81M surplusNews Story
The West Virginia Lottery ended the just-completed budget year with an $81 million surplus, giving state revenues a surprising boost, but agency officials say the future remains challenging at best in the face of increasing competition from border states. The stronger-than-expected results also remain below the lottery's peak returns during the past decade, suggesting its best years may be behind it because of these market forces. We view this as uncharted territory, said James Toney, the
Jul 16, 2012, 8:20 am - Lottery News

CEO of poker site Full Tilt arrestedNews Story
The chief executive of Full Tilt Poker, the beleaguered one-time Web poker giant, was arrested Monday on a plane that had just landed at John F. Kennedy International Airport as the government unveiled new criminal charges against him related to an alleged Ponzi scheme. Ray Bitar, 40 years old, is the most significant person yet to turn himself into the Justice Department's 15-month-long effort to prosecute the three one-time leading online poker companies in the U.S. He pleaded not guilty in
Jul 3, 2012, 11:21 am - Lottery News