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TagResults 21 - 30 of 110 for online gambling. (0.00 seconds)

Ruling by Justice Dept. opens a door on online gambling
2012 may the year of widespread Internet lottery ticket sales The Justice Department has reversed its long-held opposition to many forms of Internet gambling, removing a big legal obstacle for states that want to sanction online gambling to help fix their budget deficits. The legal opinion, issued by the department's office of legal counsel in September but made public on Friday, came in response to requests by New York and Illinois to clarify whether the Wire Act of 1961, which prohibits ...
Dec 25, 2011, 2:33 pm - Lottery News forum

D.C. Lottery continues to evolve online gambling plan
The D.C. Lottery's planned online gambling program will not be hosted on the city's secure DC-NET Internet system as originally planned, information technology officials said Wednesday. The gambling program known as iGaming faces a repeal effort in the D.C. Council, yet lottery officials have been working on its implementation since it passed into law as part of a supplemental budget plan last December. D.C. Lottery's initial plans to use DC-NET a high-speed fiber-optic network that carrie ...
Dec 8, 2011, 8:47 am - Lottery News forum

Online poker advocates say legalizing won't hurt lotteries
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 forum

D.C. Lottery makes its pitch for Internet gambling
This much is clear: D.C. residents, or at least the handful of Ward 5 residents who came out to the Lamond-Riggs Library last night, don't have much of a problem with Internet gambling. At the first of eight community meetings set to discuss the city's controversial new iGaming program, few moral or philosophical objections were lodged against the idea that city residents should be able to gamble online legally, with the city getting a cut of the action. But that's not to say that everyone ...
Oct 14, 2011, 7:00 pm - Lottery News forum

Full Tilt Poker a ponzi scheme, says U.S. attorney
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 forum

Starved state budgets prompt new interest in online gambling
The District of Columbia is not thrilled that its residents are traveling to Maryland, Pennsylvania and West Virginia to gamble in casinos. Starved for cash, like states across the country, the district wants some of the millions in revenue that gambling generates each year. So district officials want residents to gamble closer to home inside their homes, actually. Or in cafes, restaurants and bars. By year's end the district hopes to introduce an Internet gambling hub that would allow Washin ...
Aug 14, 2011, 5:05 pm - Lottery News forum

D.C. continues rollout of online gambling
The bright glass-and-copper library on Benning Road NE just beyond the Anacostia River opened last year as an anchor for redevelopment and a refuge for the mind. Now, District officials are deciding whether they should use the gleaming outpost in a depressed section of the city for another pioneering purpose: as a gateway to online gambling and the promise of millions of dollars in government revenue. The scramble is on to launch an online casino in the District, which is the first jurisdi ...
Jun 30, 2011, 8:57 am - Lottery News forum

Major N.Y. sports betting ring busted
Operated out of strip malls; 14 classic cars worth $100K each seized in raids Authorities busted a multi-million dollar sports gambling ring Tuesday that started out in a Staten Island video store and grew into an online operation run out of Costa Rica, officials said. More than a dozen raids were executed in three states Tuesday, leading to 28 arrests and the seizure of $5.7 million in assets including a Staten Island strip mall, real estate and 14 classic cars worth $100,000 a pop. Th ...
May 25, 2011, 7:15 am - Lottery News forum

Baltimore feds target Internet gambling sites
Phony company was set up to catch illegal betting businesses Federal investigators in Baltimore set up a phony business and handled $33 million in transactions from Internet gamblers in a lengthy sting operation that led to the indictment of two online betting companies and their international owners. Details were released Monday after 11 associated bank accounts were seized in five countries and 10 web domain names were shut down. It is illegal for Internet gambling enterprises to do ...
May 23, 2011, 7:52 pm - Lottery News forum

Three largest online poker sites shut down by FBI
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 forum