US delays crackdown on Internet gambling
The US Treasury Department and Federal Reserve Board delayed for six months on Friday the enforcement of new rules designed to crack down on Internet gambling.
In a joint statement, the Treasury Department and Federal Reserve said US financial institutions were being given until June 1, 2010 to be in compliance with the Unlawful Internet Gambling Enforcement Act.
The act, which would ban US banks, credit card and financial companies from handling unlawful Internet gambling bets, had been s ...
Nov 28, 2009, 6:52 am - Lottery News forum
Poland proposes online gambling ban
Following weeks of political scandal, Polish Prime Minister Donald Tusk is determined to ban online gambling in the EU-member state.
The new legislation will outlaw all gambling that takes place outside land-based casinos, including online gambling, while imposing higher taxes on legal gambling operators. The first draft of the proposed reform will be ready in two weeks.
Internet gamblers may shrug off yet another crack down on their favorite past time, given that numerous countries have i ...
Nov 11, 2009, 3:10 pm - Lottery News forum
Feds freeze online poker champ's winnings
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 forum
Internet gambling bill awaits house vote
Legislation seeks to enable some forms of online gambling such as Internet poker and wagering on horse racing
Congress is moving closer to passing legislation that will relieve U.S. financial services companies from implementing bans on Internet gambling as the Payments System Protection Act (H.R. 6870) was approved by the House Committee on Financial Services and appears headed for a possible vote by the full House next week.
Pushed by the committee's chairman, Rep. Barney Frank, D-Mass., ...
Jun 10, 2009, 7:51 pm - Lottery News forum
Online poker group says gov't seized $30M in player payouts
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 forum
€126M Euro Millions lottery ticket was purchased online
Euro Million's biggest lottery winner didn't know she had won 126 million (US$170 million) because she was in bed with flu.
The lucky but ill woman was the only jackpot winner of Friday's Euro Millions drawing.
She failed to realize her numbers had come up until she dragged herself to work on Monday to save herself from being fired in recession-hit Spain.
The unnamed 25-year-old, from Majorca, said, I still had flu on Monday but with the crisis we are going through, I decided I had to g ...
May 14, 2009, 7:20 am - Lottery News forum
Kentucky blocked from seizing gambling domain names
Kentucky may not seize 141 online casinos' Internet domain names in an attempt to block them from operating within the state's borders, a three-judge appeals panel ruled.
In a 2-1 opinion Tuesday, the Kentucky Court of Appeals panel said an Internet domain name is not a gambling device. That left the Franklin County Circuit Court without jurisdiction in the matter.
It stretches credulity to conclude that a series of numbers, or Internet address, can be said to constitute a 'machine or any ...
Jan 21, 2009, 4:47 pm - Lottery News forum
How online gamblers unmasked cheaters
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 forum
Youths prefer online betting
Canadians spend up to $400M a year; Users access computer servers based in foreign jurisdictions or on Mohawk reserve
Young adults a key growth sector for Canada's gambling industry are very interested in such technology driven options as online gambling, which is not yet legal in Canada, an industry conference heard yesterday.
Citing a national survey, pollster Allan Gregg told the 2008 Canadian Gaming Summit under way in Montreal that one-third of Canadians say they are gambling le ...
Apr 30, 2008, 9:00 am - Lottery News forum
Outlook for online gambling in U.S. discussed at conference
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 forum