Owner: Gambling Digest URL:http://www.gamblingdigest.net/ Join Date: Sat, 24 Feb 2007 16:57:23 -0600 Rating:0 Site Description: The Ultimate Source for Gambling Online Site statistics:Click here
Online Gambling In Spain Is Exploding 2007-02-22 02:24:29 The online gambling market in Spain
is exploding. The market is expected to grow to a whopping $5 billion by 2010. Spains gambling market is potentially the fastest growing market in the industry, with the potential to grow to around $50 billion by the year 2010, with online gambling expected to contribute $5 billion to the estimate.The online gambling industry has suffered in recent times in countries like the USA, Germany and France. There is an increasing attraction for onlinePrestige gambling companies to be based in a less restrictive jurisdiction such as Spain.Following Spain's decision to regulate the gambling industry last year, there have been a flood of applications for the licenses on offer.The report listed the following reasons why Spain is perceived as an attractive jurisdiction: Read more:Gambling
, Online Gambling
Antigua & Barbuda Helping BetOnSport Settle Debt 2007-02-22 02:18:19 The Financial Services Regulatory Commission (FSRC) of Antigua and Barbuda has stepped in to assist and supervise BoS (Antigua) Ltd's efforts to settle debts. BetOnSport (BOS) is about to get some help. The website shut shop last year following a legal trade issue with the United States which was seen to be clamping down on offshore online gambling operations used by Americans.Settle
ment of accounts by the online gambling website, BetOnSport (BOS), is to get underway shortly. Read more:Helping
DoylesRoom.com Not Welcome To U.S. Players 2007-02-21 02:00:30 Another one bites the dust. DoylesRoom.com, the largest poker room on the Doyle Brunson Poker Network (DBPN), has announced that U.S. players are no longer welcome on the site. A spokesperson for DBPN management said in a release, "In view of the passage of the Unlawful Internet Gaming Enforcement Act and the cessation of operations by NETeller and other payment processors, the management of the Doyle Brunson Poker Network has reluctantly decided not to permit online real-money play by U.S.-based players at DoylesRoom.com," . Effective immediately, U.S. players are no longer permitted to sign up for real-money play or deposit funds into existing accounts. Beginning March 1, all U.S. play on DoylesRoom.com will be blocked, though players will still be able to withdraw funds from their accounts. Read more:Welcome
, Players
Gamble On Your Flight With Flybe 2007-02-20 03:30:56 Flybe recently announced an online gaming partnership with PAF, a charitable gaming operator and e-gaming pioneer, to allow passengers to experience online gaming while booking their flights, car hire, hotels and insurance on www.flybe.com.The partnership with PAF will see Flybe offering passengers a wide range of games from bingo and keno to casino games such as black jack and roulette, providing customers with a fun and challenging experience while browsing and booking their flights and holiday extras. Read more:Gamble
, Flight
Holland To Start Online Casino 2007-02-12 01:17:01 The Dutch government will join other countries, most notably the United Kingdom, in allowing online casino gambling. The online casino itself is set to be launched in June of this year, serving Holland
residents with top quality and secure online gambling.Holland Casino
operates no less than 14 brick and mortar casinos across Holland and has been in exsistance since 1976. However, they are excited over the new partnership. “As we take Holland Casino online, we needed a quality partner who could support us with innovation and integrity," said Ron Goudsmit, Holland Casino's Vice-President for Business Development. Mr. Goudsmit and his state owned online casino company are not the only ones who are excited over the new deal. The Dutch are regarded as avid online casino gamblers, and a state of the art, secure, safe and technologically advanced online casino will serve their gambling needs. Read more:Start
Is Online Gambling Linked To Terrorism? 2007-02-12 01:03:00 Federal officials are trying to link Online gambling to terrorism. Why do you ask? Because the U.S. government is upset because billions of gambling revenues is leaving the US that may be laundered; ending up in the hands of terrorist groups. Many land based casinos have stayed clear of the Internet and offshore enterprises because of the Patriot Act. All U.S. casinos with annual gambling revenue of more than $1 million are classified as "financial institutions" by the Patriot Act and subject to strict government regulations, including adopting money-laundering programs, identifying the identity of foreign nationals and filing a Suspicious Activities Report to the Department of Treasury's Financial Crimes Enforcement Network (FinCEN). Online operations skirt all these rules. Read more:Gambling
, Online Gambling
, Terrorism
Online Gambling Ban Reversal Unlikely 2007-02-12 00:48:19 According to American Gaming Association President Frank Fahrenkopf, it is unlikely that the new Congress will be persuaded to pass a law that would define poker as a game of skill.With the recent changes in congressional leadership, poker players, are hoping that legislators will reverse the impact of the Unlawful Internet Gambling
Enforcement Act of 2006, which caused the leading online poker room to stop taking action from Americans and made funding and withdrawing money from online poker accounts more cumbersome.A law that defined poker as a game of skill would exempt online poker from the UIGEA. The climate on Capitol Hill is not favorable for any pro-Internet gambling legislation, according to Frank Fahrenkopf. Read more:Online Gambling
, Reversal
Restless Legs Therapy May Trigger Compulsive Gambling 2007-02-12 00:34:38 According to a new Mayo Clinic study compulsive gambling with extensive losses (in two cases more than $100,000) by individuals without a prior history of gambling problems has been linked to a class of drugs commonly used to treat the neurological disorder restless legs syndrome (RLS).The study (which appeared in the Jan. 23 issue of Neurology) describes this compulsive gambling in RLS patients who are being treated with medications that stimulate dopamine receptors in the brain. Read more:Gambling
, Restless
, Therapy
Britian To Welcome Foreign Online Gambling Companies 2007-02-28 02:45:18 The UK wants to become the Mecca for online gambling. Gordon Brown, Britain's Chancellor of the Exchequer, wants to encourage online gambling companies to relocate to the UK, with full regulation and licensing. On the flip side, the US wants to rid itself of the evil online gambling industry through the introduction of the Unlawful Internet Gambling
Enforcement Act (UIGEA). Britain is planning full regulation of the industry. The British government wants a piece of the pie generated through online gambling by companies such as PartyGaming (Party Casino and Party Poker) and 888 32 Vegas Casino-on-Net. Read more:Britian
, Welcome
, Foreign
, Companies
, Online Gambling
US Ban Causes PartyGaming Profits To Drop 2007-03-02 03:04:02 The US government ban on online gambling took a big bite out of PartyGaming profits. The company reported today annual profits dropped by 57 per cent. Ouch! The company stated yesterday that they took a one time hit of $243.2 million from exiting the US while pre-tax profits fell to $138.9 million. The recent law signed by President George Bush to shut down online gaming in the US by making it illegal to handle the payments caused 71 per cent of PartyGaming's business to be lost. PartyGaming, the world's biggest poker company, has since restructured and currently gets about two-thirds of revenue from Europe, the Middle East and Africa. It posted a 13 per cent rise in total sales to $1.1bn following its expansion beyond the US.
Alberta's Alexander First Nation Considering Online Gambling Legalization 2007-03-11 02:32:11 Alberta's AlexanderFirst
Nation, Canada is studying whether or not to legalize online gambling but Canadians are up in arms about the prospect. According to reports, “"Alberta's top cop is warning a Cree band to halt plans to set up an Internet gambling haven on their reserve near Edmonton."Solicitor General Fred Lindsay stated that he's aware of the Mohawks advising the Alexander First Nation. The Mohawks Khanawake Reservation has online gambling establishments outside of Quebec, Canada since 1999, including Sports Interaction. Lindsay stated he has no intention to allow the Alberta band to copy the Mohawks, who operate a web hosting company to facilitate more than 400 Internet gambling sites around the world. Read more:Alberta
, Gambling
, Online Gambling
Couple Pleads Guilty to Online Line Gambling Charges 2007-03-17 16:40:20 Husband and wife, Daniel Clarin, 32, Melissa Clarin, 31, of Miami, pleaded guilty last Thursday to felony charges (in a Queens NY courthouse) to participating in an operation that processed bets through offshore computer servers and the Web site Playwithal.com.The couple helped to operate a $1.4 billion /year online gambling business. The judge is likely to give Daniel Clarin 2 1/3 to seven years in prison when he is sentenced in April. While his wife will have to also forfeit $254,356. Without getting jail time Clarin will also have to forfeit $72,508 in illegal earnings.Prosecutors claimed the couple used a combination of old school bookies and new technology to take bets from tens of thousands of customers. Read more:Guilty
, Gambling
Rep. Frank May Try to Repeal US Online Gambling Ban 2007-03-17 16:18:08 An online gambling savior maybe here! Rep. Barney Frank
stated that in the coming week he plans to provide details on possible legislation to repeal a ban imposed last year on online gambling. The Chairman of the House of Representatives Financial Services Committee said he is in no hurry and plans to consult with others on the matter. According to Mr. Frank, "I'm not ready to give you more details, but I will be by next week or so. We'll talk more about it later. There's no urgency on it."Last year Internet gambling in the US was banned last October by President George W. Bush when he signed legislation outlawing gaming financial transactions. The ban has killed online gambling stocks such as England's PartyGaming. PartyGaming shares jumped 5% on the London Stock Exchange because of Mr. Frank's remarks.U.S. prosecutors have launched an investigation into Internet gambling and the U.S. Department of Justice has demanded inform Read more:Gambling
, Repeal
, Online Gambling
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