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Surprisingly, there are striking similarities between successful fund managers and professional poker players.

Competition poker has become the latest global craze — the surge in popularity coincides with the advent of the lipstick camera, which allows viewers at home to see the cards of the players as the hands unfold. This, as well as the remarkable sums of money at stake, has made poker a popular spectator sport.

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It’s taken some time, but the President of South Africa, Thabo Mbeki has finally signed off on the National Gambling Amendment Bill, which was approved on May 9, 2008 to license and regulate online gambling. But for reasons that are not yet clear, the legislation will not be implemented “until a date chosen by the President.”

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The Kahnawake Gaming Commission (KGC), which oversees numerous online poker sites using Kahnawake-based Internet services in Canada, has released an official statement regarding the unfolding situation on UltimateBet Poker. The statement follows by several months the KGC’s earlier involvement in the resolution of a similar scandal at Absolute Poker.

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A delegation of European Union trade officials will conduct talks with US officials at the end of this month over prosecutions and market restrictions concerning online gambling that appear to European interests to be restrictive and discriminatory in nature.

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U.S. and Antigua and Barbuda officials have once again extended the deadline for resolving their online gambling dispute.

The latest deadline for coming to an agreement about the U.S. online gambling ban and the compensation Antigua and Barbuda would receive because of it was July 11. That deadline came and went without an agreement.

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The province’s illegal gambling unit hit the jackpot when they raided four alleged gaming houses over the weekend, netting 47 people — including two minors.

Although the simultaneous raids folded four operations, Toronto Police Det. Emilio DiPoce said the Friday night raids just scratch the surface of the GTA’s illegal poker games that generate millions for operators.

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Another round of talks between Antiguan and United States officials concluded this week with the two sides apparently no closer to resolving their World Trade Organization conflict over online gambling.

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The legality of real-money online poker is colored with different shades of gray in various jurisdictions. Its legality in Germany hinges in part on how much of the game is up to chance. A decision in that country could spell out an important precedent for the entire EU, according to Axel Freiherr v. dem Bussche and Tobias Schelinski.

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Deputy United States Trade Representative (USTR) Ambassador John Veroneau is expected to arrive in Antigua and Barbuda today to begin high-level talks with Minister of Finance and the Economy, Dr. Errol Cort, on the longstanding trade battle between the two countries over internet gambling.

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TORONTO (Reuters) – Canada and the United States should legalize and regulate online gambling to contain its potentially harmful effects because players tend to bet more frequently and aggressively than they do in casinos, a study released on Tuesday says.

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