HR 2267 Might Have Tough Time in House: Pelosi No Fan
An important milestone was met Wednesday when HR 2267, legislation that looks to fully legalize online poker in the U.S., passed by markup in the House Subcommittee.
Specifically, HR 2267 amends title 31, United States Code, to provide for the licensing of Internet gambling activities by the Secretary of the Treasury, to provide for consumer protections on the Internet, to enforce the tax code, and for other purposes.
Next stop: The House, where HR 2267 author Barney Frank has some degree of sway. But there is one slight obstacle.
Cyprus Government Moves to End Online Gambling
By George Psyllides, Cyprus Mail
Las Vegas Sands Corp, Playtech Report Results
The Las Vegas Sands Corp. consolidated second quarter adjusted property EBITDA increased by 91.2% to record $473.5 million on record net revenue of $1.59 Billion.
European Punters Swindled by State Run Gambling Monopolies During World Cup
Pennsylvania Gambling Beats Out Las Vegas, Atlantic City
No wonder Atlantic City is suffering, Pennsylvania is making quite an impact on the gambling scene, at least if collected taxes act as an indicator.
New York Times: States Addicted to Gambling
The New York Times featuring a report Monday regarding individual states desire to boost their economies through gambling, New Jersey included.
Australian Gambling News July 25, 2010
Readers er punters, the Australian connection between casinos, gaming and politics had never been so hot. Aussie politicians and campaigners continue to battle for your mind (and vote), headlines and the whole box and dice. Media Man and Gambling911 deliver the uncensored news (full strength caffeine in Google speak) you need to know, not always what you want to hear. Here's your weekend fix my friends...
James Packer Family Spotted In Barcelona...
Pennsylvania Gets Casino Games: Atlantic City's Death Knell?
Legal poker was played for the first time in the State of Pennsylvania this week as table games came to the state's casinos.
William Hill “Worst Ever Royal Ascot” Blamed for Poor Profit Margins
William Hill continues to hint at moving its telephone business offshore following dismal results over the past year compared to its online arm.
"Poor horse racing results" led to a 33% fall in net telephone revenue, with a statement from Hills explicitly pointing out: "The board has previously noted the challenge of competing with UK betting exchanges and Irish offshore telebetting operators, all of whom have benefited from significant tax and cost advantages over UK bookmakers. The situation is under active review."
Gambling Industry Welcomes Atlantic City Plan But Others Skeptical
Donald Wittkowski, Press of Atlantic City
ATLANTIC CITY - Gov. Chris Christie's plan for state oversight of the casino district should boost the gaming industry, but it could take much longer to reverse Atlantic City's national reputation as a dirty and crime-plagued gambling haven, observers say.
Federal Agents Order Shutdown of Blogs
Some 73,000 blogs were shut down this past week, reportedly based on an order by US federal agents.
Online Poker Foe Spencer Bachus Likely to be Ousted
Rep. Spencer Bachus could find his role as the senior Republican on the Financial Services Committee concluding if the GOP has anything to do with it post election time.
According to Politico.com, House Republicans are plotting again to oust Bachus from the position of senior Republican on the Financial Services Committee. This time, the challenge is likely to come after the November election from conservatives, including some on the committee.
Sports Betting Scam Bilked Investors Out of $1 Million
The U.S. Attorney's Office in Nevada has charged Yul Na with 30 counts of wire fraud, 29 counts of money laundering and criminal forfeiture related to a sports betting scam that bilked investors out of nearly $1 million. Na has been charged with money laundering and fraud charges and will have to pay a $250,000 fine on each count as well as the forfeiture of money or property up to $962,350.
