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Feds seize gambling site Bodog, indict founderNews Story
The sports gambling site Bodog was shut down and four Canadians indicted, including founder Calvin Ayre, for illegal gambling that generated more than $100 million in winnings, federal prosecutors announced Tuesday. The website's domain name was seized Monday and the indictments, which were returned Feb. 22, were unveiled Tuesday in Baltimore, prosecutors said. The indictments follow federal prosecutions last year of three of the biggest websites involved in online poker. More than 75 comp
Feb 29, 2012, 7:19 am - Lottery News

Online poker advocates say legalizing won't hurt lotteriesNews Story
A casino-backed group pushing for federal legislation to make online poker explicitly legal says regulating online card play nationwide won't hurt state lotteries. Fair Play USA released a data analysis on Tuesday that showed no correlation between spikes and dips in the online poker market with changes in revenues for state lotteries. Eugene Christiansen, a founding partner with the firm that wrote the analysis, Christiansen Capital Advisors, LLC, said the data showed that poker and lotte
Dec 7, 2011, 10:29 am - Lottery News

Full Tilt Poker a ponzi scheme, says U.S. attorneyNews Story
An Internet poker company that was blocked from operating in the U.S. in the spring as part of an online gambling crackdown was not a legitimate poker company, but a global Ponzi scheme, federal prosecutors said Tuesday. The popular Full Tilt Poker website illegally raided player accounts to fund operations and make lavish payments to its owners, Justice Department lawyers said in a revised civil lawsuit filed in New York. Over four years, the company used $444 million in player money to p
Sep 21, 2011, 8:10 am - Lottery News

Three largest online poker sites shut down by FBINews Story
Executives indicted, arrested The founders of the three largest online poker sites were indicted by the FBI on Friday in what could serve as a death blow to the thriving industry. Eleven executives at PokerStars, Full Tilt Poker and Absolute Poker were charged with bank fraud and money laundering in an indictment unsealed in a Manhattan court. Two of the executives were arrested on Friday morning in Utah and Nevada. Federal agents are searching for the others. Prosecutors are seeking to
Apr 15, 2011, 4:40 pm - Lottery News

Approval for online poker in D.C. seen as long shotNews Story
Congress sent a message Wednesday to D.C. officials who this week approved plans for the city lottery to offer online poker: Not so fast. The D.C. Council on Tuesday, with little discussion and no public notice, voted 11-2 in favor of a budget amendment that would legalize online poker and fantasy sports gambling through the D.C. Lottery as a means of helping plug a $200 million budget gap. But on Wednesday, Rep. Jason Chaffetz of Utah, ranking Republican on the House subcommittee that ove
Dec 9, 2010, 8:06 am - Lottery News

Harry Reid pushing to legalize online poker for American casinos, horse tracksNews Story
Senator Harry Reid (D-Nev.) is reportedly taking a gamble that would change up the online poker industry. The popular game may soon be run on the web by casinos in Nevada and across the United States, thanks to legislation being floated by the Nevada senators' staffers, the Wall Street Journal reported. American financial institutions were banned from processing online gambling transactions in 2006, costing the industry billions in what has been a rapidly-growing American addiction worth $
Dec 8, 2010, 7:58 am - Lottery News

Feds freeze online poker champ's winningsNews Story
Federal officials order banks to freeze millions in online poker winnings On the Sunday before Memorial Day, David made the big time. Winning $10,000 in an online poker tournament made him eligible for the upcoming World Series of Poker, the game's premier event, where hundreds of players amateur and professional descend on Las Vegas from around the world to play for a multimillion-dollar pot. To register, he simply had to cash a check cut by a company that processed payments for the po
Jun 11, 2009, 11:20 pm - Lottery News

Online poker group says gov't seized $30M in player payoutsNews Story
In the latest skirmish in the battle over Internet gambling, online poker advocates say the government has frozen more than $30 million in payouts affecting thousands of players. The Poker Players Alliance released a statement Tuesday claiming that the U.S. attorney for the Southern District of New York instructed four banks to freeze accounts belonging to online payment processors. John Pappas, the group's executive director, claims the frozen accounts contain funds owed to 27,000 players wh
Jun 10, 2009, 7:45 pm - Lottery News

How online gamblers unmasked cheatersNews Story
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

Outlook for online gambling in U.S. discussed at conferenceNews Story
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