online gambling

The US has conceded defeat by declining to appeal Antigua’s victory at the World Trade Organization and has announced they are withdrawing their treaty obligations with respect to gambling and betting services.

On Friday 11th May, the U.S. attorney for Utah announced charges against various individuals and companies involved in the processing of payments for online gambling operations.

The United States last week decided to withdraw from one of its WTO commitments after it finally lost its battle with Antigua and Barbuda over on-line gambling. The decision has evoked a storm of outrage and concern.

Friday marks the end of the two month deadline that came with the stage two ‘reasoned opinion’ issued by the European Commission on March 21st 2007.

Online gambling Company PartyGaming has reportedly subscribed to a large affiliate fraud-monitoring contract with Envisional.

Reports are circulating that the troubled online gambling firm BetonSports, is ready to plead guilty to a range of racketeering and wire fraud charges against the company in a plea agreement with the US Department of Justice.

Representative Barney Frank, the Democratic chairman of the House Financial Services Committee, has come through as he claimed he would, and introduced legislation that would allow online gambling in the U.S.

There may not be much support in Congress for Internet gambling, But Rep. Barney Frank says resistance is growing against a ban passed late last year.

Greek authorities have reportedly arrested nine people for ‘illegally’ betting with an unnamed British bookmaker.

As reported yesterday by Reuters, U.S. Rep. Barney Frank will present a bill to end a ban imposed last year on online gambling in the United States, within two weeks, but it will likely need time to garner support, he said.