October
19th, 2007 - Bloomberg.com: Internet Gambling Act Should Be Scrapped
A year ago last Saturday, President George
W. Bush signed the Unlawful Internet Gambling Enforcement Act and
online gambling was banned in the U.S. At least, that was the intention. Twelve months later,
there are just as many people gambling online, if not more. Many bettors
don't even
know the law was changed, partly because it was tacked on as an amendment
to a measure aimed at increasing port security. The
biggest difference now is that the companies offering online gambling
are privately held and operate out of countries where it is impossible
to know who controls them; if you had a huge win, then the risk of not
being paid is probably much higher. The major public companies that used
to offer online betting to Americans, such as PartyGaming Plc, 888 Holdings
Plc and Sportingbet Plc, all quit the U.S. market last October at a cost
of several billion dollars to their shareholders.
October
14th, 2007 - APCW
Member Site Accused of Cheating
Fraud in the land of poker: Former CEO of one
of the biggest online poker sites made sure he was able to see
his opponents cards. Is my opponent
bluffing, does he really have good cards? Are my cards better? To bet or not
to bet? Those are the questions Scott
Tom never had to ask himself.
Former CEO of Absolute Poker.com, on of the major poker sites online,
programmed
his software in a way he was able to see his opponents cards. Very easy
to play that way. [Known story about CrazyMarco’s 9-high losing
to Potripper T-high] CarzyMarco got suspicious of the call. Together
with some of his poker friends he analyzed Ip-addresses, email-addresses
and playing habits.
After several weeks Potripper turned out to be Scott Tom, former CEO
of AP. By using a simple trick he was able to see his opponents’ cards
and meanwhile be playing against them
October
11th, 2007 - Barney Frank Balks at "study"
Rep. Barney Frank, D-Mass., though he
is a co-sponsor of Nevada-backed legislation to study Internet gambling,
on Tuesday questioned
its value. "Studies don't do much," said Frank, who
is chairman of the House Financial Services Committee. "What's to
study? Whether or not I should be able to make my own bet with my own
money?" Frank made his comments in a brief interview after he addressed
members of the Las Vegas Chamber of Commerce at the Library of Congress.
The
chamber was meeting with lawmakers and federal officials in a series
of briefings this week.
October
10th,
2007 - PartyGaming open to offers from Las Vegas-based casinos
According to a story in Financial
Times on Tuesday, PartyGaming, the UK-listed online poker firm,
is open to approaches from Las
Vegas-based casinos regarding
a sale. The news broke during an interview with PartyGaming's
Chief Executive Officer Mitch Garber at last week's EIG 2007 i-Gaming
conference in Barcelona.
Garber refused to comment as to whether the company was already in talks
with a particular casino or if there were any potential main suitors.
The article also reported that 888.com had been rumored as a possible
buyer,
however, an 888.com source refused to comment. In addition, an
analyst said that casinos such as The Mirage and The Bellagio could be
interest.
October
4th,
2007 - French step
away from online gambling battle
As reported by the UK Times: "France is preparing to bow to pressure from
Brussels and agree to a partial liberalisation of its state-run betting monopolies. "In
a sign that it is backing away from a confrontation with the
European Commission,
Paris has said that
it is willing to legalise
internet gambling on horse racing and football. The
move would give companies such as Sportingbet, the London-listed
online bookmaker, a toehold in the €25 billion (£17.4
billion) annual Gallic gambling market.
October
3rd, 2007 - US takes final steps to ban online gambling
The US Treasury and Federal Reserve are taking final steps to ensure that internet gambling is banned once and for all.
The two agencies, working in conjunction with the US Department of Justice, have begun a process that will implement the Unlawful Internet Gambling Enforcement Act that was passed by Congress last year.
The legislation was designed to clear up any ambiguity about whether or not internet gambling is illegal.
But many banks and
credit card companies have not taken any action to stop making
payments to illegal sites, awaiting the rules to determine
what procedures they need to have in place.
April 30th, 2007 - Gaming Income Expelled from
APCW
Long time APCW Members get bought out... then get shown the door... We've
been serving the online gaming community since 2003. One of the many ways
we seek to help improve our industry is by conducting audits of casino
and affiliate programs...
January
10th, 2007 - Parbet Poker Bought by CryptoLogic
According to Canadian Press, the gambling software company CryptoLogic
is set to cough-up $20 million for Parbet.com, a large poker room run from
Scandinavia.
January
4th, 2007 - APCW Exclusive: Party
Gaming Gets Cute with American Player Accounts
It's a story you wll see only at the APCW! Party Gaming has been busy buying
up the last shares on Empire online and inking multi-year deals with Playtech,
and giving their CEO a 45 million dollar raise... so why would they turn
around and treat their loyal customers so poorly?
Yesterday the APCW reported how government ineptness in Pennsylvania has
left their land based casino program with no programs in place to help gambling
addicts. You may recall that "protecting gambling addicts" has
been a major platform for US Legislators...
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