Despite dire predictions, Net gambling not changed by new U.S. law
When President George W. Bush signed the Unlawful Internet Gambling Enforcement Act in October, many reports gave the impression it sounded like the death knell for the multibillion-dollar Web-based gambling industry.
On the contrary, all it did was strictly regulate the process by which funds are transferred from users of the sites to the offshore companies which own and operate them. The practice itself wasn't declared illegal.
Reputable foreign companies wh ...
Dec 8, 2006, 10:56 am - Lottery News forum
Experts: Online-Gambling Ban Won't Work
Gamblers may look over their shoulder now, but experts say a new Internet gambling ban won't keep bettors from ponying up, just turn them on to overseas payment services out of the law's reach.
It has put a terrible scare into people, said I. Nelson Rose, who teaches gambling law at Whittier Law School. But it won't by any means wipe out Internet gambling.
The fright swept through the $12 billion industry on the heels of the recent arrests of two gambling company executives and a new l ...
Nov 12, 2006, 9:08 am - Lottery News forum
U.S. Settles BetOnSports Online-Gambling Civil Case
A federal prosecutor reached a settlement Thursday with online gambling company BetOnSports PLC that permanently bars the London-based company from accepting any bets from the United States.
The lawsuit has been closely watched by the online gambling industry, which generates about $6 billion annually in the United States.
The settlement ends a massive civil case U.S. Attorney Catherine Hanaway filed this summer.
It does not effect a criminal case still pending against several BetOnSpor ...
Nov 12, 2006, 9:03 am - Lottery News forum
U.S. legislation likely just a speed bump for online gambling
A U.S. law aimed at cracking down on Internet gambling may drive the practice more into the shadows and do little to deter bettors
It was getting late on Oct. 12, the night before a sweeping anti-Internet gambling bill would be signed into law. Paul McGuire was at his computer, enjoying one last hurrah on PartyPoker, a site that had pledged to kick off all U.S. users as soon as the law left President Bush's desk. It was kind of like that last party before summer ends when you've got to go ba ...
Oct 19, 2006, 3:59 pm - Lottery News forum
Britain may become the online gambling capital
Britain may bring in legislation allowing London-listed Internet gambling companies to move their headquarters to Britain, taking advantage of the United States legislature's faulty attempts to ban the popular online activity.
Plans to turn Britain into a world leader in internet gambling have been drawn up by ministers, according to internal Whitehall documents.
In stark contrast to America, where online gambling has in effect been outlawed, ministers want to attract offshore companies ...
Oct 8, 2006, 3:20 pm - Lottery News forum
Internet gambling restrictions attached to port bill
House and Senate negotiators reached agreement last night on legislation to tighten maritime and port security regulations and, in a last-minute move, added an unrelated measure that seeks to ban Internet gambling.
At the same time, House negotiators prevailed in their fight to strip out $4.5 billion in rail and mass-transit security funds included in the Senate provision.
The port security and Internet gambling legislation was approved 409 to 2 in the House and on a voice vote in the Sena ...
Sep 30, 2006, 10:23 am - Lottery News forum
N.Y. Gov. Pataki refuses to extradite gambling CEO, sends him home
A judge cleared a former executive of a British gambling company to return to London on Friday after New York's governor declined to sign a warrant extraditing him to Louisiana, where he is charged with illegal online gambling.
Peter Dicks, the former chairman of Sportingbet PLC, was arrested at Kennedy International Airport on Sept. 6 after customs officials discovered that he was wanted by Louisiana state police.
Offshore Internet gambling, however, is not a crime in New York, and Republ ...
Sep 29, 2006, 1:43 pm - Lottery News forum
Defense Bill Dispute May Stall Internet Gambling Proposal
A dispute among Republican leaders may delay the fate of a proposed Internet gambling ban until after the Nov. 7 elections, congressional and lobbying sources said Tuesday.
Senate Majority Leader Bill Frist, R-Tenn., and House Speaker Dennis Hastert, R-Ill., are pushing hard to include an online wagering ban and a slew of other bills in defense legislation.
But in a letter to Frist on Monday, Sen. John Warner, R-Va., the chairman of the Senate Armed Services Committee, said he firmly op ...
Sep 28, 2006, 12:41 pm - Lottery News forum
Online gambling bill stuck, but it's not over yet
Efforts to win congressional passage of a bill to ban most forms of Internet gambling by tacking it onto a must-pass bill hit a roadblock Tuesday, but aides said Republican backers are exploring other ways to make it law.
Senate Armed Services Committee Chairman John Warner, a Virginia Republican, raised a strong objection to attaching any unrelated legislation to a pending defense bill, which has been viewed by supporters of the gambling bill as a prime vehicle for it.
I have firmly o ...
Sep 27, 2006, 12:54 pm - Lottery News forum
Costa Rica not caving to U.S. gambling arrests
Costa Rica finds itself in the middle of the fight between U.S. authorities and the online gambling industry.
Think of Costa Rica and flashes of colorful birds, bright beaches and long hikes through the rain forest come to mind.
But several recent arrests and indictments have thrust the country into the spotlight for another, less savory reason: its cozy relationship with the online gambling industry. The industry is under fire from U.S. authorities, helping create the notion that this sma ...
Sep 25, 2006, 2:27 pm - Lottery News forum