September 15th, 2008
excerpt:
There’s gambling on launching a company, and then there’s Gene Gioia’s startup.
The Denver entrepreneur is trying to translate his lifelong love of poker into creating a website players can trust because it deals hands based on the automated shuffling of real cards.
September 15th, 2008
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KUSA –A casino-backed group has raised more than $6 million to promote a ballot proposal aimed at allowing Colorado casino towns to operate more like Las Vegas.
September 15th, 2008
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WASHINGTON, Sept. 15 /PRNewswire/ — Congress and members of the executive branch will be visited by a team of European Union investigators this week, headed by senior E.U. trade official M. Jean-Francois Brakeland, head of the European Commission’s dispute settlement office. The E.U. delegation is looking into allegations that the U.S. Department of Justice (DOJ) breaches international treaties by continuing to enforce WTO-violating laws against E.U. businesses and individuals who once, but no longer, participated in the U.S. online gaming industry.
September 15th, 2008
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WASHINGTON — A House panel is scheduled to vote Tuesday on a new bill that would require federal agencies to define unlawful Internet gambling so banks and other financial institutions can comply with the ban against online wagers.
September 15th, 2008
September 12th, 2008
excerpt:
WASHINGTON — A new bill by the chairman of the House Financial Services Committee requires federal agencies to define unlawful Internet gambling so banks and other financial institutions can comply with the ban on online wagering.
September 12th, 2008
excerpt:
On Thursday, major news rippled across the internet gambling industry. House Financial Services Committee Chairman Barney Frank (D-MA) introduced HR 6870, the Payments System Protection Act. The bill ensures “that implementation of proposed regulations under subchapter IV of chapter 53 of title 31, United States Code, does not cause harm to the payments system, and for other purposes.” The new bill instructs the U.S. Treasury and Federal Reserve to work together with the Attorney General’s office to establish what is acceptable under the provisions of the Unlawful Internet Gambling Enforcement Act (UIGEA). The bill is expected to be marked up on Tuesday and is already on the schedule posted on the House Financial Services Committee website.
September 12th, 2008
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The European Court of Justice and the European Commission have issued dramatic statements calling for the end of barriers to internet gambling.
September 12th, 2008
excerpt:
You could blame the World Series of Poker or simply society’s gradual acceptance of gambling as a recreational pastime. Whatever the case, the popularity of Internet gambling has surged.
And that has a Canadian gambling researcher worried that if we’re not careful we’ll trigger an avalanche of online addicts.
September 12th, 2008
excerpt:
This past Tuesday, September 9, the Dutch Senate passed a proposed bill to tax online games of chance, which online poker is considered, at a rate of 40.85%, which brings them in line with taxes on live casino table games. The taxes will also apply to domestic providers of games of chance provided by ‘illegal’ online operators, as well as for persons who win at foreign online gaming sites.
