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.
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
'Hot spots' part of D.C. officials' plan to allow Internet-based gambling in city
D.C. officials said they are planning to set up 20 to 30 online gambling hot spots in hotels, bars, clubs and other venues across the city by around Sept. 1, marking a major step in a bid to turn the nation's capital into a haven for Texas hold 'em and other potentially lucrative Internet-based games.
By the end of the year if Congress doesn't revisit the issue, and if the technology works as promised adults in the District wouldn't even need to go such places to gamble. Instead, they would b ...
Apr 14, 2011, 9:54 am - Lottery News forum
D.C. first in USA to offer Internet gambling
The District of Columbia is becoming the first U.S. jurisdiction to allow Internet gambling, trying to raise millions of dollars from the habits of online poker buffs and acting ahead of traditional gambling meccas like New Jersey and Nevada.
Permitting the online games was part of the 2011 budget and a 30-day period for Congress to object expired last week, said D.C. Council member Michael A. Brown, who authored the provision. The gaming would be operated by Intralot, a Greece-based company, ...
Apr 12, 2011, 7:52 pm - Lottery News forum