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Gambling News

Gambling Week in review August 31, 2007

It’s been an action packed week in the gambling world…

Bodog.com lost it’s domain name to Dr Scott Lewis not Mel Molnick. What many haven’t realized is that Rational Enterprises LTDA and Rational Poker School Limited, the companies, that run Pokerstars.com.

There’s another betting scandal, this time is involves the ATP. It seems tennis players have been offered as much as US$50,000 to throw matches.

No surprise here, the iMEGA vs Gonzales case has been pushed back yet again.

Antigua and Barbados went before the WTO with an explanation of their claims vs the US. As of post time, there is still no word on what happened.

The Venetian Macau opened it’s doors and became the world’s second largest building.

And that’s the news for the week ending August 31st, 2007.

Categories
Gambling News Sports News

Tennis gambling scandal grows at the US Open

Today comes more fallout over the ATP betting scandal.

Unnamed sources in France’s L’Equipe’s report called on the sport’s authorities to act, “before things get out of hand”.

“I know several players who have been approached, and who had the exact same experience as me,” said one player, identified only as Mister B and who claimed he had been approached physically by someone offering him 50,000 dollars to lose a match.

He added: “Not for one second did I believe it was a joke. 50,000 dollars is more than what I would have got for getting to the semi-final in this tournament, and it was tax-free cash.

Categories
Gambling Law Gambling News

iMEGA vs. Gonzales hearing has new date

The first hearing in the US District Court of New Jersey (Trenton Division) in the matter of iMEGA v. Gonzales, et al, has been moved to September 26th, by mutual consent of the plaintiff (iMEGA) and the defendants (US Dept. of Justice, the Federal Trade Commission and the Federal Reserve Board of Governors).

In addition, the Hon. Judge Mary L. Cooper will now hear oral arguments on iMEGA’s petition for a temporary restraining order (TRO) against the implementation of the Unlawful Internet Gambling Enforcement Act (UIGEA), as well as the Government’s routine motion for dismissal.

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Gambling Financials Online Poker

PartyGaming announces $47m loss

PartyGaming announced a $47 million first-half loss despite reporting an 83 per cent increase in customer sign-ups outside the US. Chief executive Mitch Garber said that the gaming group had made a strong investment in players in the first quarter and was on the verge of signing a major partnership deal with a ‘blue chip household name in the UK’.

Categories
Gambling Law Gambling News Online Casinos Online Poker

Antigua and Barbados go before the WTO

The tiny islands of Antigua and Barbados will go before the WTO on Friday and explain the $3.4 billion claim it filed against the United States last month. The $3.4 billion is just a preliminary claim for the amount they believe they are entitled to because of US non-compliance. They still have yet to file a claim that addresses the US withdrawal from the 1995 General Agreement on Trade in Services (GATS) treaty which allows international access to the US online gaming market.

The European Union has already filed a $15 billion claim against the US for withdrawing from GATS. Most observers believe the second claim will be about the size of the initial claim, bring the total to about $7 billion.

Elsewhere Newsday New York ran a piece entitled “Time To Regulate Internet Gambling” on Wednesday in an effort to get Congress to debate the Internet Gambling Regulation and Enforcement Act. The bill, introduced by Congressman Barney Frank (D-MA), would regulate Internet gambling and require licensed operators to put in place safeguards to protect against underage and compulsive gambling as well as ensure Internet gambling financial transactions.

Washington should accept the WTO ruling, permit Internet gambling and do all it can to protect American consumers that wish to gamble online.

Categories
Lottery

Mega Millions lottery jackpot grows to $325 million

lottery ballsThe jackpot for the 12-state Mega Millions drawing has grown to $325 million after no players won the grand prize Tuesday.

The estimated jackpot for Friday’s drawing could grow close to the record jackpot of $390 million.

On Tuesday, no players won the $350 million grand prize. The winning numbers were 37 – 40 – 48 – 53 – 56 with a Mega ball number of 44.

The drawing will be held 11 p.m. Friday. Tickets will be on sale until 15 minutes before the drawing.

Categories
Casino Gambling News Online Casinos

Bodog.com is no longer! NewBodog.com in its place

Where is bodog?Apparently The bodog .com site has been shut down from a license case with Bodog’s software imposing on US and International patents held by 1st Technology LLC. Bodog is reported to have to pay possibly 49 Million in damages and may not even get the bodog.com name back. Obviously there will be more news following this as Bodog always seems to make some news, although this one is not looking real good for both the operation and affiliates as apparently all linking code will no longer work unless affiliates change the links to newbodog.

Here is a quote taken from the newbodog.com –

Why the newbodog.com?

Welcome to the new (temporary) Bodog. As you may know by now, Bodog.com is experiencing a technical issue impacting our players’ ability to access our website.

Categories
Gambling Financials Gambling News Las Vegas

Harrah’s unveils Las Vegas stadium plans

HarrahsCasino operator Harrah’s Entertainment (NYSE: HET) and partner AEG announced that it plans to build a $500 million arena in Las Vegas capable of housing a pro sports team. If given approval, the 20,000 seat venue will be constructed behind the Bally’s and Paris hotel-casinos on the Strip, and is projected to open in 2010.

The deal would put a dent in Mayor Oscar Goodman’s plans to have an arena built downtown with the help of tax breaks, but he said such plans would go forward. The site for the Harrah’s-AEG arena, a block east of the Strip, is in unincorporated Clark County, outside city limits.

AEG, a subsidiary of Denver billionaire and Qwest Communications founder Philip Anschutz’s Anschutz Co., owns the LA Galaxy and the Staples Center in Los Angeles and has booked such acts as Celine Dion and Bette Midler at Caesars Palace. It said it was in talks with professional leagues and potential team owners about bringing hockey or basketball to Las Vegas.

Categories
Gambling Financials

PokerTek CFO placed on administrative leave

PokerTek (NASDAQ: PTEK) has placed chief financial officer Christopher Daniels on administrative leave and launched an independent investigation into his alleged use of the company’s corporate credit card for personal purchases. In a filing with the Securities and Exchange Commission, the automated poker technology developer said questions had arisen during a regular external gaming review.

Categories
Gambling News Online Casinos Online Poker

American Gaming Association Lobbies for Online Gambling In Washington

The American Gaming Association, which represents the commercial land casino industry in the United States, has announced that it spent $900,000 in the first half of this year to lobby the Federal Government.

The admission comes in the form of a disclosure document posted online by the Senate’s public records office and shows that the trade group lobbied on online gambling, tax legislation affecting casinos and other matters. In addition to Congress, the group lobbied the Treasury Department and Internal Revenue Service (IRS).

More than 50 companies and groups comprise the Association including major public companies such as Harrah’s Entertainment Inc, Bally Technologies Inc and MGM Mirage.

Under a Federal Law enacted in 1995, lobbyists are required to disclose activities that could influence members of the executive and legislative branches and they must register with Congress within 45 days of being hired or engaging in lobbying.

What is not known is if the companies are for or against online gambling.