N.J. Gov. Christie signs online gambling bill
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 forum
Nevada governor signs online gambling bill
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 forum
Tech industry sets its sights on gambling
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 forum
Is the future of the Mass. Lottery online?
Includes audio report
Massachusetts has the highest per capita spending on the lottery, and the Massachusetts State Lottery raked in almost $1 billion in net profit last year.
And yet, some state officials say there's an imminent threat to the Massachusetts lottery internet gambling. State Treasurer Steve Grossman wants to beat both the federal government and private gambling companies to the punch. He plans to ask the Legislature to change state law so that the Massachusetts lottery can g ...
Jan 10, 2013, 9:18 am - Lottery News forum
Mass. Treasurer pushing for Internet lottery sales
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 forum
Pa. considers expanding lottery gambling to Web
The administration of Gov. Tom Corbett said Friday that expanding Pennsylvania Lottery gambling to keno and online games will be one of the best ways to produce more revenue from the $3.5 billion lottery system that funds programs for the elderly.
The administration made the statement as part of an update on its talks with companies about privatizing the management of the $3.5 billion lottery system under a 20-year agreement.
Asked about it Friday, Corbett would only say that the ideas are ...
Nov 12, 2012, 1:47 pm - Lottery News forum
Lotteries a threat to federal Web poker bill?
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.
Oct 3, 2012, 10:16 am - Lottery News forum
Online poker sites settle U.S. lawsuit for $731 million
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 forum
Internet poker owner handed 14-month prison term
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 forum
CEO of poker site Full Tilt arrested
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 forum