gambling

Gambling firms and casino operators were left disappointed by Wednesday’s budget after Chancellor Gordon Brown slapped higher tax on large casinos and did little to tempt Internet gambling onshore.

Emerging on many reliable news sources, is the news that the State of Louisiana, which led the crackdown on internet gambling last year, has unexpectedly backed down.

On 16th April, a Miami executive and his wife pleaded guilty in court to participating in a massive $1.4 billion-a-year Internet sports gambling operation in New York.

On 16th March, The Department of Justice team handling the NETeller case, against the company’s co-founders John Lefebvre and Stephen Lawrence, were given an extension until 16th April by the US court.

A ban on TV and radio adverts for casinos, betting shops and online gambling sites is to be scrapped. The new revised rules will come into operation in September 2007, as part of the Gambling Act 2005.

Regional governments across Spain have been looking closely at the recent example of Madrid which announced new betting licensing guidelines.

US legislation on online betting was described as “protectionist” by the European Union’s top financial regulator on Tuesday and may trigger legal action before the World Trade Organisation.

The UK Gambling Commission this week released its consultation document on gambling advertisements and the impact on responsible gaming.

Opening this week (23 – 25 January) at the Earls Court Exhibition Centre’s 1 & 2 will be the ATEI, ICE and ICEi – collectively know as the London shows.

A report in this week’s Sunday Times Online claims the US Department of Justice has ordered the world’s biggest investment banks, accountants and law firms.