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iGaming News Page 886

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Protect Your License - Money Laundering
13 November 2001
With all forms of e-commerce, there is either a clear end-to-end financial transaction (e.g. transfer of funds) or there is a tangible product supplied (e.g. a novel) that is traceable through a basic financial audit. To this end, over and above traditional regulatory measures, most governments are taking a self-regulatory approach to e-commerce. That is, the industry sets a code of conduct which the government sanctions and to which the industry must self regulate. There is merit in such an approach and provided the system is open to external scrutiny, there is little scope to hide or launder money. Here we are interested in the data itself and applying basic accounting principles to that data. Most accounting firms can perform such a financial audit task.»
GIG Seeks Dominance in European Interactive TV Betting Market
13 November 2001
Global Interactive Gaming, one of Europe's biggest content providers for the Interactive TV industry, inked another partner this week in hopes of broadening its consumer base in Europe.»
US Law Roundup - 13 November 2001
13 November 2001
Staying on top of interactive gambling bills as they move through the United States' federal and state legislatures no longer entails hours of research, thanks to this biweekly update on U.S. state and federal legislation. In state news, two New Jersey assemblymen introduced a bill last week that would make betting on real-time card games via the Internet legal. At the federal level, Rep. Bob Goodlatte, R-Va., reintroduced his anti-Internet gaming bill to the House of Representatives, and another bill from Rep. John LaFalce, D-N.Y. and Rep. Michael Oxley, R-Ohio, passed in the House Financial Services Committee. Goodlatte's bill is expected to be combined with the LaFalce-Oxley bill.»
Toward a European Regulator Framework for Digital Gaming?
12 November 2001
Should European gaming operators anticipate a unified European interactive gaming market? Attorney Thibault Verbiest presents his argument.»
Investors Corner (Nov. 5-9)
12 November 2001
Several dozen publicly held interactive gaming companies are reporting, acquiring, floating, spinning off, merging, de-listing, rising and falling in stock markets all over the world. Every Monday IGN wraps the financial happenings of the Net betting biz from the previous week into a nifty little package just for you.»
Busted For Betting Online?
12 November 2001
Is gambling on the Internet legal? Some state and federal law enforcement officials declare flatly, "yes, it's all illegal". Yet with hundreds of Web sites taking billions of dollars in wagers each year, fewer than 25 people have ever been prosecuted for online gambling. Most were bookies who were also taking sports bets by telephone. A few were unusually foolish.»
NJ Duo Introduces Pro-Internet Gambling Bil
9 November 2001
Days after a new governor was elected, a pair of Republican assemblymen in New Jersey introduced a bill that would bring poker, blackjack and other popular Atlantic City casino card games to the Internet.»
Dutch Government to Liberalize Gambling Legislation
9 November 2001
A parliamentary commission today gave the Dutch government the green light to change its gambling legislation. A new gambling act will be prepared and discussed in Parliament in Spring 2002. Among several changes, Internet gambling will be allowed.»
Nambling Notes - Nov. 9, 2001
9 November 2001
In this week's Nambling Notes: CryptoLogic distances itself from a former licensee; South Korea rewards its citizens who report illegal pornography and gambling sites; Formula One team Arrows takes Coral to court; Stanley Ho starts a new company; and much more.»
Was New Jersey Bill DOA?
9 November 2001
A cosponsor of a bill that would bring real-time, real-money card games to the Internet in New Jersey conceded today that the legislation doesn't stand much chance of passing.»
Global Cash Access Enters the Fray
8 November 2001
A well-known name in cash access for land-based casinos is making its Internet betting debut with US Off-Track, an Oregon-based pari-mutuel wagering site.»
Q & A: Peter Kjaer, DrHo.com
8 November 2001
Asia's leading online gaming company, DrHo.com, is in the middle of a transition period with its parent company. In 1961 Dr. Ho and its founder, Stanley Ho, won a monopoly for casino gaming in the Portuguese territory of Macau. The deal expires on Dec. 19 when Macau is turned over to the Chinese government. Although competition will be introduced, DrHo.com still finds itself in a good position.»
Sports Books Cash in on Melbourne Cup
8 November 2001
All the slips have been counted and the results are in. The real winners of this week's Melbourne Cup--Australia's richest horse race--were online sports books.»
FATF Takes on Terrorists' Finances
7 November 2001
Like many governmental bodies, the Financial Action Task Force on Money Laundering recently introduced measures aimed at stopping terrorist financing.»
The IGN Data Hub - Nov 7, 2001
7 November 2001
In our zealous attempt to provide relief for potential information overload, we have condensed several industry-related surveys and research findings into a more digestible form for your reading pleasure.»
On Track - Nov 7, 2001
7 November 2001
Theories abound regarding the future of the horse racing industry. No one is sure what will be the key for the sport of kings to survive in a tightening market for the entertainment dollar. The industry no doubt is in an important time, and many companies and tracks are aligning themselves with interactive companies. To help keep you up to date with all the happenings in the horse racing industry, IGN provides its monthly look at racing's news and events.»
Desktop Conference: Planning for a Sale
6 November 2001
Buying or selling a business can be enough of a challenge. But add the overlay the legal murkiness of an interactive gambling business, and the complexities multiply. The latest edition to IGN's Desktop Conference series features a conversation with Pat O'Brien, a Florida attorney who has been involved in the recent sale of several online sports books. He offers his thoughts on the various issues of concern to both buyers and sellers and how to prepare for an eventual sale. This audio interview is available in RealAudio format exclusively to IGN subscribers.

Click here to listen.»

PAF Loses Court Case
6 November 2001
The Finnish court in Mariehamn, the capital of the autonomous Åland Islands, ruled today that PAF is not allowed to market its online betting in mainland Finland.»
UK Betting Duty Causing Controversy in Ireland
6 November 2001
Now that the United Kingdom's betting tax has been recycled into a tax on betting turnover, Irish bookmakers are saying they need a similar tax rate in order to stay competitive.»
Netcetera - Nov 6, 2001
6 November 2001
As a leader in an Internet-driven industry, you've got to stay informed about the latest products, technologies and services available to thriving e-businesses. Every week IGN publishes a new medley of blips and blurbs of important Internet and technology-related worldwide news, products, services and events that could help you strengthen your e-business.»
Investors Corner (Oct 29-Nov 2)
5 November 2001
Several dozen publicly held interactive gaming companies are reporting, acquiring, floating, spinning off, merging, de-listing, rising and falling in stock markets all over the world. Every Monday IGN wraps the financial happenings of the Net betting biz from the previous week into a nifty little package just for you.»
Chartwell Adopts Biometric Technology
5 November 2001
Through an announced partnership with Inroad Solutions Inc., Canada-based Chartwell Technology Inc. today became the first major online gaming software supplier to integrate biometric technology into its platform.»
Ohio Charity Sells Instant Bingo Tickets Online
5 November 2001
Seeking new ways to raise funds for its effort to build good ballparks and run top-notch leagues, the Firestone Park Athletic Association is breaking new ground in the United States.»
The Mysteries of Interactive Gambling Unrave
2 November 2001
The dynamics of the Internet gambling market have finally been defined. Twenty-eight percent of gamblers who use the Internet gamble online for real money, while another 47 percent participate in "free-play" gambling-style games. A new benchmark study reveals this data as well as answers to an array of questions asked for years about online gambling consumers.»
House Amends Oxley/LaFalce I-Gaming Bil
2 November 2001
The Financial Services Committee of the U.S. House of Representatives on Wednesday marked up H.R. 556, the Unlawful Internet Gambling Funding Prohibition Act. The bill passed the committee by a vote of 34 to 18.»
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