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
N.J. Gov. may veto online gambling bill
Internet gaming may not be coming to the Garden State after all.
New Jersey Gov. Chris Christie next week is expected to veto a bill that would have allowed state residents to become the first in the country to place legal bets from their living rooms over the Internet, sources told the New York Post.
Christie, who weeks ago was said to be leaning toward signing the bill in hopes of reversing Atlantic City's dwindling revenues, is now, after intense lobbying, likely not to approve the cont ...
Feb 23, 2011, 7:49 pm - Lottery News forum
Approval for online poker in D.C. seen as long shot
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 forum
Harry Reid pushing to legalize online poker for American casinos, horse tracks
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 forum
Mobile gambling to surpass $48 billion by 2015, report says
A new report published today by Juniper Research has found that a combination of mobile casino, lottery and betting service launches in major emerging markets led by China allied to liberalization of remote gambling legislation across the US and Europe will see the scale of annual wagers on mobile gambling exceed $48 billion by 2015.
The report studies gambling services on a country-by-country basis. It finds that, in recent years, the Japan Racing Association's iPAT service had been responsi ...
Sep 3, 2010, 9:30 pm - Lottery News forum
Online gambling coming to Ontario
In a bid to keep millions spent on offshore gambling websites in the province, the Ontario Lottery and Gaming Corp. says Ontarians will have access to legal online gambling by 2012.
Across Canada and around the world, online commerce is part of our everyday lives and OLG is excited to start the consultation process for online gaming and growing its marketplace in the future, OLG chairman Paul Godfrey said Tuesday.
Thousands of Ontario residents spend nearly $400 million a year through unr ...
Aug 11, 2010, 9:34 am - Lottery News forum
Federal online gambling legislation clears big hurdle
Maybe there are some teeth in the push for legalization and sensible federal regulation of the Internet gambling industry after all.
Sponsored by Rep. Barney Frank (D-Mass.) chairman of the House Financial Services Committee HR 2267 is a bill designed to establish federal oversight of an online gambling industry that currently resides in murky legal waters for U.S. players.
It passed overwhelmingly 41-22 via committee vote last week, advancing the legislation to the House floor, where it h ...
Aug 7, 2010, 10:23 pm - Lottery News forum
Congress rethinks its ban on Internet gambling
With pressure mounting on the federal government to find new revenues, Congress is considering legalizing, and taxing, an activity it banned just four years ago: Internet gambling.
On Wednesday, the House Financial Services Committee approved a bill that would effectively legalize online poker and other nonsports betting, overturning a 2006 federal ban that critics say merely drove Web-based casinos offshore.
The bill would direct the Treasury Department to license and regulate Internet ga ...
Jul 30, 2010, 6:37 pm - Lottery News forum