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
Employee hacks into online poker site
A leading Internet poker site said Friday that a hacker exploited a security flaw to gain an insurmountable edge in high-stakes, no-limit Texas holdem tournaments the ability to see his opponents' hole cards.
The cheater, whose illegitimate winnings were estimated at between $400,000 and $700,000 by one victim, was an employee of AbsolutePoker.com who hacked the system to show that it could be done, a spokesman for the company anonymously told a reporter.
This is literally a geek trying ...
Oct 25, 2007, 9:43 am - Lottery News forum
Study reveals online gambling led to *fewer* gambling problems
A report released by the British government's Gambling Commission today reveals that problem gambling has not increased over the last eight years, despite widespread speculation to the contrary.
In fact, there may be fewer problems today than before gambling was legalized in Great Britain on the Internet.
The British Gambling Prevalence Survey is a large-scale nationally representative survey of participation in gambling and the prevalence of problem gambling in Great Britain. The first B ...
Sep 19, 2007, 5:17 pm - Lottery News forum
Congressman leads charge to regulate USA online gambling
Support for Congressman Frank's bid to regulate online gambling in the USA grows
July has been a good month for Congressman Barney Frank, Chairman of the influential House Financial Services Committee and author of Bill HR 2046 the Internet Gambling Regulation and Enforcement Act which proposes the regulation and taxation of Internet gambling in the United States instead of banning the pastime.
Five more Congressman have signed on to the Bill as sponsors, including Representatives Anthony ...
Jul 23, 2007, 8:52 pm - Lottery News forum