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***ONLINE GAMBLING AND CASINO NEWS*** |
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Online Casinos and casino gambling news and reviews! Up to the second news
in the casino and gambling industry and internet gaming world.
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| GambLux EDITOR NEWS |
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Payment Processor Escaped Bank Fraud Charges
[Sunday, May 16, 2010]
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To avoid conspiracy and bank fraud charges, Douglas Rennick pleaded guilty today to a charge of dealing out betting payments at online casinos for players in US residents. By accepting the plea, the US prosecutors' cases against the Internet gambling industry may have strengthened.
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Frank's Online Gambling Bill House Hearing Finally Set
[Sunday, April 18, 2010]
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Unlawful Internet Gambling Enforcement Act (UIGEA) has been created back in 2006 and since then US Representative and House Financial Services Committee Chairman Barney Frank is persistently pushing the bill to overturn UIGEA entirely to permit online gambling in the US. Amidst of delays and push backs the bill encounters, this Friday April 16 Frank's Bill proposal will finally be heard.
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Ontario Premier Eyeing on Online Casinos
[Sunday, February 28, 2010]
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What made news yesterday were reports that the newly appointed OLG head is considering the possibility of establishing its own government-regulated online casino. Ontario Premiere Dalton McGuinty heard the buzz and is now mulling over the legalization of gambling operations over the internet in Ontario.
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Commissioner for EU Drafting Plans to Settle Online Gaming Disputes
[Sunday, February 21, 2010]
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European Union's new commissioner plans on formulating a policy that resolves disagreements on international online casino operations. The new Internal Markets Commissioner says he will take action in settling the issues about online casinos and open markets that have placed a number of member countries in long discussions, with each having a different degree of non-compliance with the EU regulations. Michel Barnier says he already mandated outlining a position paper on Internet gambling
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New Transaction Processor for Online Gaming Introduced by Former Mastercard Officials
[Sunday, February 14, 2010]
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In London news, the newly established company, Secure Trading, will be setting up to operate in the US by the time Internet gambling is legalized. This is in response to recent blockings of Mastercard transactions to online gambling portals. The new financial transaction processor was created by former top officials of the card company to manage online casino deposits.
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British Gambling Commission Revokes Paradise Bet License
[Wednesday, December 23, 2009]
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The British Gambling Commission has suspended the license of Paradise Bet. This was after the online casino operator was discovered to be linked to an organized crime. Authorities in Italy have acquired more than 300 million USD worth of assets including the businesses, real estate,horses, other properties and the internet casino site after more than three years of investigation.
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Research Shows that Online Gaming Reduces Stress
[Thursday, December 17, 2009]
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A McGill University study suggested that online gaming is actually good for the health. The study conducted by the university in Montreal, Quebec revealed that after playing online games, including casino games, players feel less stressed. Also, cortisol, the stress hormone, fell by an average of 17 percent. For some behavioural scientists, this is a proof that playing online games can be a possible way to reduce harmful stress levels. It is well known to doctors that stress causes destructive behaviours such as drinking in excess and overeating. These behaviours can cause heart problems and social instability.
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Online Casino Industry Wishlist - A Better US Internet Gambling Law for 2010
[Sunday, December 06, 2009]
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The United States has long stalled the online casino industry with issues concerning changing their Internet gambling law. However, it has been a year since the Obama administration assumed position, and no positive changes have taken place so far.
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