Another Gamble for Online Betting
Legal wrangling in the U.S. is clouding the prospects for the industry world-wide
Two recent arrests of online-gambling executives in the U.S. are drawing attention to a spirited but so far unsuccessful effort in Washington to clarify the legal status of Internet gambling and resolve the political and legal issues of regulating it.
Earlier this month, Peter Dicks, at the time nonexecutive chairman of Sportingbet PLC, Britain's largest publicly traded Internet-gambling company, was arrested ...
Sep 22, 2006, 7:51 am - Lottery News forum
By hook or by crook: lawmakers relentless on taking away online rights
Congressional leaders are trying to forge a compromise that would allow them to push through legislation banning most forms of Internet gambling, aides said on Thursday.
Top House and Senate lawmakers have been trying to break a logjam that has stalled the Internet gambling legislation by attaching it to any one of a number of must-pass spending bills before the end of the year, aides said. However, they have yet to agree on a final deal.
I'm confident that (Senate Majority Leader Bill) F ...
Sep 22, 2006, 7:06 am - Lottery News forum
Update: French arrests of BWIN Executives
Arrests called 'scandalous' by company; French lottery monopolists may be behind the moves
Friday's surprise arrests in France of two senior BWIN executives introducing a company sponsorship to the AS Monaco football club elicited an immediate expression of outrage from the Austrian public company.
French lottery officials admitted the detentions were inspired by similar US Department of Justice attacks against international businessmen visiting the United States recently.
BWIN joint ma ...
Sep 16, 2006, 1:42 pm - Lottery News forum
Now France targets gaming firms
Shares in the leading betting companies fell heavily after the French authorities arrested the two chief executives of an Austrian gambling firm, signalling the start of a major French crackdown on online betting. Manfred Bodner and Norbert Teufelberger, the heads of Bwin, were arrested as they unveiled a shirt sponsorship deal for Monaco football club.
advertisementAn officer in the French intelligence service said the authorities had been investigating the company since last year, but said ...
Sep 16, 2006, 12:42 pm - Lottery News forum
North Dakota a Gambling Haven?
Outside the Beltway, way out there in flyover land on the prairies of North Dakota, not all Republicans are lining up to support U.S. Senate Majority Leader Bill Frist's call to ban Internet gambling.
In fact, North Dakota State Rep. Jim Kasper says, My fellow Republicans just don't get it when it comes to Internet gambling.
In July, the U.S. House of Representatives passed the Unlawful Internet Gambling Enforcement Act of 2006, which updates the 1961 Wire Act banning sports wagering o ...
Sep 16, 2006, 12:22 pm - Lottery News forum
Frist continues crusade against Internet gambling
Senate Majority Leader Frist seeks to add Internet gambling ban to defense bill, sources say
Senate Majority Leader Bill Frist is trying use a bill authorizing U.S. military operations, including in Iraq and Afghanistan, to prohibit people from using credit cards to settle Internet gambling debts.
Frist, R-Tenn., and his aides have been meeting with other lawmakers and officials in both the House and Senate to get the measure attached to a compromise Defense Department authorization bill, ...
Sep 14, 2006, 9:19 am - Lottery News forum
Online gambling executive arrested on state charges
Gambling industry experts agree: If you operate an offshore gaming Web site, stay out of the U.S.
Moments after stepping foot on American soil Thursday, Sportingbet PLC Chairman Peter Dicks became the second British offshore sports betting executive arrested in recent months for illegal online gambling in the U.S. Former BetOnSports PLC Chief Executive Officer David Carruthers was arrested on federal charges in July.
It's still unclear if the arrest is a coincidence or part of a government ...
Sep 8, 2006, 5:47 pm - Lottery News forum
Another online gambling executive arrested in U.S.
More than $1.5 billion (U.S.) in market value evaporated from the global online gambling industry yesterday after U.S. authorities arrested Peter Dicks, the chairman of Britain's Sportingbet PLC.
Dicks, 64, was arrested in New York on a warrant issued in Louisiana for gambling by computer. His arrest comes less than two months after former BetOnSports PLC chief executive David Carruthers was arrested, charged with crimes including racketeering and fraud.
Legal risk in the online gaming se ...
Sep 8, 2006, 5:19 pm - Lottery News forum
Banks balk at plan to cut off cash from net casinos
A group representing 5,000 small banks is opposing a tool lawmakers hope to use to stop online gambling, posing a challenge to what is widely seen as the government's best shot at cracking down on the activity.
The Independent Community Bankers of America, whose members range from New York's Metropolitan National Bank to Colorado's First National Bank of Las Animas, is objecting to a proposal winding its way through Congress that would require financial institutions to block payments between ...
Aug 30, 2006, 12:22 pm - Lottery News forum
More offshore gambling arrests
New case involves same pattern of offshore web site accepting sportsbets from US residents over the phone
Four men were indicted for allegedly running an illegal offshore gambling operation, federal authorities said.
The U.S. attorney's office reported Wednesday that four men have been indicted in connection with an ongoing investigation into a gambling and money laundering scheme that allegedly involves facilitating illegal betting through a Costa Rica-based Web site.
According to the ...
Aug 17, 2006, 9:33 am - Lottery News forum