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Financial Firms in US say Online Gambling has a bright future

September 28, 2009 (CAP Newswire) — Video game consoles have become remarkably inexpensive recently, with gaming companies getting more competitive as the consumer electronics market weakens along with the general economy. But according to highly respected market research firm Ernst & Young’s U.K. branch, online gambling may be the one part of the gaming market that has a bright future.

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NeoGames Partners announces new TV commercial for

NeoGames Partners announces new TV commercial for in the UKNeoGames Partners, the affiliate program for NeoGames’ world leading online scratch card brands, Scratch2Cash and, has announced that they are launching their very first major TV campaign in the UK throughout August. The channels the commercial will run on are Channel 4 and Channel Five between the hours of 11am and 5pm every day. For the first two weeks in August, the Greater London area will be showing the commercial, whilst the North of England will be advertising throughout the month.

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UIGEA reulations will have NO Effect?

Gambling Law Expert Tells Poker News Daily that UIGEA Regulations Will Not Have “Any Effect At All”

From the CAP News page:

July 30, 2009 (CAP Newswire) — In an interview published at Poker News Daily, Nelson Rose, a noted gambling law professor who often speaks out on the regulations against online gaming, told the publication that, whether or not the law goes into fuller effect this December as planned, the UIGEA regulations are likely to have minimal impact on the poker industry at large.

“I think there’s a good chance that HR 2266 will pass,” Rose said, referring to the legislation currently in Congress that seeks to overturn most of the UIGEA’s stipulations. “Nobody likes the regulations of the UIGEA, but it’s of such little interest to members of Congress right now.”

However, Rose went on to discuss why it might not matter that much. “The whole focus has changed,” he said. “Instead of looking at individual transactions, financial institutions are now told not to. Basically, the whole program focuses on due diligence on new accounts. If you’re crazy enough to set up a bank account with an American bank, they’ll ask if you’re involved in illegal internet gambling. Banks are specifically told not to look at individual transactions, so it doesn’t really do much except impose an extra level of regulation and cost onto the banks. The payment processors have already figured out ways around it.”

“The UIGEA is a piece of garbage, but the regulators did the best they could do with it,” Rose continued. “It’s a requirement that banks spend money for nothing and that’s not what the government should be doing right now.”

Click here to read the complete interview at Poker News Daily.

Nathan – Staff

Casino Gambling Law Gambling News Las Vegas

Man who spurred Nevada Gov Jim Gibbons probe facing casino debt

By KEN RITTER Associated Press Writer

Updated:Â 07/23/2009 02:12:18 PM PDT

LAS VEGAS—A software designer who alleged Nevada Gov. Jim Gibbons took bribes from a Reno-based defense contractor is accused of failing to repay $1 million in casino debts to a Las Vegas Strip casino.

Casino Featured Gambling Law Gambling News Mr. Andersons Insight Online Casinos Online Poker

UIGEA Status

So we have to ask what is the status of the Unlawful Internet Gambling Enforcement Act thrown on the port security bill in 2006? Well we have to say nothing really. Barney frank is of course still pushing to remove it and go to a regulatory role with online gambling, but it doesn’t have the backing required yet.Â

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Ohio to finally get gambling


COLUMBUS, Ohio – Secretary of State Jennifer Brunner’s office on Tuesday determined that proponents of the most recent casino gambling statewide petition submitted enough signatures found valid by the state’s boards of elections to qualify the issue for the November 2009 election ballot.

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Online casino guides

Well we have been on a break for a while but with all the gambling news its time to get rolling again! How many people have tries their hand at online gambling? It sure seems to be a very large number as its reported to be over a 12 BILLION dollar a year enterprise. I have checked out quite a few online casinos and of course guides. One you need to see is (Allfreechips Casino Guide) . Not only can you get reviews from the staff there they also allow user reviews. I find this great as users usually will give you real world results.

Casino Gambling Financials Gambling Law Gambling News Lottery Mr. Andersons Insight

Ohio’s Issue 6 – Allowing gambling in the Bible Belt?

Well after years of failed gambling voting in Ohio Issue six this November is the newest to surface. Issue 6 run by a small time group of Indian Casino promoters is attempting to slip one in there. They have many loopholes in the proposed amendment to the Ohio Constitution that will allow real casino based gambling once and for all. They state Millions will go directly to each county of the state evenly and everyone will be happy keeping Ohio’s dollars inside the state but what they do not tell you is this is not forever. A major loophole in issue 6 is that it states, all casinos in Ohio will have to pay the exact same tax rate. Does not sound to bad as millions are supposed to flow from just the first casino right? Looking further, if these boys bring an Indian based casino into Ohio later the effective tax rate for all casinos will be 0 (ZERO) (NOTHING)!! as you can not tax a Native American or a business (Casino) run by them. At least the government did something right for these folks that took care of our land before we stepped in.Â

So, as much as I want a casino or two in Ohio, I will be voting NO on issue 6 as I firmly believe a casino will be great for the state, but it must be done correctly or its just a giant vacuum for Ohio’s cash.

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Irish Bookmaker pays out on presidential election betting EARLY!

DUBLIN, Ireland (AP) – The race is over as far as Ireland’s biggest bookmaker is concerned.
Paddy Power PLC says it is so sure Barack Obama will win the U.S. presidential election next month that it paid off Thursday on all bets it had taken backing the Democratic candidate. It said it shelled out more than euro1 million, about $1.35 million.

“We declare this race well and truly over and congratulate all those who backed Obama—your winnings await you,” the company said in a statement.

Paddy Power has a long tradition of winning free publicity by paying off early, particularly on political contests—and it also has a recent record of getting the result spectacularly wrong.

In June, the company paid out early in favor of people who bet Irish voters would approve the European Union’s latest treaty in a referendum. The next day, a “no” result sent shock waves across the 27-nation EU, and cost Powers a hefty sum since it ended up paying off both sides of the bet.

The same thing would happen to Powers if it guessed wrong about the U.S. election. The pro-Obama bettors would keep the winnings paid out Thursday, while John McCain backers would cash in, too.

Powers said the biggest winner among the Obama bettors was someone who gambled euro100,000 and got back a total of euro150,000.

The most visionary bettor, though, was the “punter” who put down euro50 on Obama in 2005. At the time, Obama was listed at 50-to-1, so the bettor got euro2,550.

Despite calling the contest, the Dublin-based bookmaker said it is still taking new bets on the race. A John McCain victory Nov. 4 on a bet placed Thursday would pay off euro5 for every euro1 bet. By contrast, each euro1 bet on Obama would net just 11 euro cents.

Gambling Law Gambling News Mr. Andersons Insight

Submit a question about gambling on the Debate tonight!

Well we still have a chance to get our question onto the the debate for tonight, I urege you all to write a question to get the stance on Internet freedoms, Blocking URL’s and stance on the UIGEA NOW — m hurry up

Use the link to submit your question.