World Gambling News » Gambling Financials http://www.worldgamblingnews.com Bringing you the very latest news in the gambling world Sun, 10 Jul 2011 14:44:10 +0000 http://wordpress.org/?v=2.2.1 en So… What is Going on With eWalletXpress? http://www.worldgamblingnews.com/2010/12/so-what-is-going-on-with-ewalletxpress/ http://www.worldgamblingnews.com/2010/12/so-what-is-going-on-with-ewalletxpress/#comments Fri, 10 Dec 2010 07:44:27 +0000 Gaby http://www.worldgamblingnews.com/2010/12/so-what-is-going-on-with-ewalletxpress/ ewalletxpress.gif

Online gamblers have expressed their concern for the situation with online payment processor eWalletXpress. Recently, players who used this processor to manage their money at online gambling sites found out that the site was down and that the company was not providing the usual services. Naturally, those online gamblers wondered what was to happen to the funds in their accounts as they were unsure of what was happening. (more…)

]]> http://www.worldgamblingnews.com/2010/12/so-what-is-going-on-with-ewalletxpress/feed/ Gambling.com Domain Up for Grabs http://www.worldgamblingnews.com/2010/11/gamblingcom-domain-up-for-grabs/ http://www.worldgamblingnews.com/2010/11/gamblingcom-domain-up-for-grabs/#comments Sat, 27 Nov 2010 03:58:08 +0000 Gaby http://www.worldgamblingnews.com/2010/11/gamblingcom-domain-up-for-grabs/ easy-money-man-rain-money.jpg

At the 2010 Global Gaming Expo, Media Corp., a UK based company, announced that one of the biggest online gambling domains, Gambling.com, is up for sale. A lot of casino groups have contacted the company to make offers but Media Corp. has decided it is better to finalize the selling through an auction. (more…)

]]> http://www.worldgamblingnews.com/2010/11/gamblingcom-domain-up-for-grabs/feed/ PPA List of Congressional Endorsement for the Elections http://www.worldgamblingnews.com/2010/10/ppa-list-of-congressional-endorsement-for-the-elections/ http://www.worldgamblingnews.com/2010/10/ppa-list-of-congressional-endorsement-for-the-elections/#comments Thu, 28 Oct 2010 20:26:04 +0000 Gaby http://www.worldgamblingnews.com/2010/10/ppa-list-of-congressional-endorsement-for-the-elections/ unc_sam.gif

PokerPAC, the political action committee of the Poker Players Alliance (PPA), today released the list of Congressional candidates it has endorsed for the 2010 mid-term elections on November 2nd. (more…)

]]> http://www.worldgamblingnews.com/2010/10/ppa-list-of-congressional-endorsement-for-the-elections/feed/ Online Gambling Growth Staggering in the UK http://www.worldgamblingnews.com/2010/09/online-gambling-growth-staggering-in-the-uk/ http://www.worldgamblingnews.com/2010/09/online-gambling-growth-staggering-in-the-uk/#comments Wed, 15 Sep 2010 02:58:14 +0000 Gaby http://www.worldgamblingnews.com/2010/09/online-gambling-growth-staggering-in-the-uk/ growth-graph.gif

Online gambling is currently one of the fastest growing industries around the world. Every day more and more people join the scene to partake in online gaming activities.

Recently, figures reported that online gambling has increased by 40% in the last 12 months in the UK. (more…)

]]> http://www.worldgamblingnews.com/2010/09/online-gambling-growth-staggering-in-the-uk/feed/ MasterCard Buys Payment Processor http://www.worldgamblingnews.com/2010/08/mastercard-buys-payment-processor/ http://www.worldgamblingnews.com/2010/08/mastercard-buys-payment-processor/#comments Sat, 21 Aug 2010 05:24:10 +0000 Gaby http://www.worldgamblingnews.com/2010/08/mastercard-buys-payment-processor/ mastercard3.gif

Credit cards are the major electronic payment option available to online gamblers in the world. Players use them to make direct deposits and/or to put funds into their electronic wallets.

MasterCard is one of the largest credit card companies in the world, actually it is the second largest payments network, and now they have announced the acquisition of DataCash Group Plc (more…)

]]> http://www.worldgamblingnews.com/2010/08/mastercard-buys-payment-processor/feed/ UIGEA Compliance Deadline Approaching http://www.worldgamblingnews.com/2009/10/uigea-compliance-deadline-approaching/ http://www.worldgamblingnews.com/2009/10/uigea-compliance-deadline-approaching/#comments Tue, 06 Oct 2009 22:35:18 +0000 Gaby http://www.worldgamblingnews.com/2009/10/uigea-compliance-deadline-approaching/ poker-players-alliance.gif

The deadline to fall into full compliance with the regulations of the Unlawful Internet Enforcement Act (UIGEA) is December 1st for all companies in the financial services industry.

In the meantime, the Poker Players Alliance is working hard on delaying the deadline. Bill HR 2266 was introduced by Congressman Barney Frank in May of this year and this piece of legislation aims to push back the compliance date to December 1st of 2010.  The bill suggests that lawmakers on Capitol Hill could find a method for taxing and regulating the internet gambling activities in the US.

(more…)

]]> http://www.worldgamblingnews.com/2009/10/uigea-compliance-deadline-approaching/feed/ Financial Firms in US say Online Gambling has a bright future http://www.worldgamblingnews.com/2009/09/financial-firms-in-us-say-online-gambling-has-a-bright-future/ http://www.worldgamblingnews.com/2009/09/financial-firms-in-us-say-online-gambling-has-a-bright-future/#comments Tue, 29 Sep 2009 12:48:05 +0000 James Anderson http://www.worldgamblingnews.com/2009/09/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. (more…)

]]> http://www.worldgamblingnews.com/2009/09/financial-firms-in-us-say-online-gambling-has-a-bright-future/feed/ UIGEA reulations will have NO Effect? http://www.worldgamblingnews.com/2009/07/uigea-reulations-will-have-no-effect/ http://www.worldgamblingnews.com/2009/07/uigea-reulations-will-have-no-effect/#comments Fri, 31 Jul 2009 12:36:41 +0000 James Anderson http://www.worldgamblingnews.com/2009/07/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.

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Nathan - CasinoAffiliatePrograms.com Staff

]]> http://www.worldgamblingnews.com/2009/07/uigea-reulations-will-have-no-effect/feed/ Ohio’s Issue 6 - Allowing gambling in the Bible Belt? http://www.worldgamblingnews.com/2008/10/ohios-issue-6-allowing-gambling-in-the-bible-belt/ http://www.worldgamblingnews.com/2008/10/ohios-issue-6-allowing-gambling-in-the-bible-belt/#comments Thu, 16 Oct 2008 19:37:06 +0000 James Anderson http://www.worldgamblingnews.com/2008/10/ohios-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. 

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.

]]> http://www.worldgamblingnews.com/2008/10/ohios-issue-6-allowing-gambling-in-the-bible-belt/feed/ US bail out plan, could the death of the UIGEA be involved? http://www.worldgamblingnews.com/2008/09/us-bail-out-plan-could-the-death-of-the-uigea-be-involved/ http://www.worldgamblingnews.com/2008/09/us-bail-out-plan-could-the-death-of-the-uigea-be-involved/#comments Mon, 22 Sep 2008 18:27:14 +0000 James Anderson http://www.worldgamblingnews.com/2008/09/us-bail-out-plan-could-the-death-of-the-uigea-be-involved/ Well this is a personal opinion but Barney Frank has some serious pull all of a sudden.  As the house financial leader he is now looking straight into the bail out plan for wall-street valued at 700 Billion, OMG that’s a big number and that includes MY tax money as well as all other Americans.  I hate to bail out any corporation or greedy ass wallstreet folks but the economy needs fixed or we all go broke I guess.

Getting back to the point, with barney frank presiding over this bill, how hard would it be to slip in an end to the UIGEA as its another must pass bill.  You know my stance on ”slipping” something onto a bill but this would be a double negative making a real positive no?  With Frank’s attempts at passing a bill to eradicate the UIGEA as its a complete joke and Bordon on the banking industry, it seems almost for sure he will add text to regulate gaming online or at least wipe out this stupid addition to the port security act.

 All we can do is hope something decent comes of this fiasco, maybe a moment of silence or a few thousand emails to Frank to let him know this is a good idea! 

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