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iGaming News Page 907

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Internet Gambling: The European Legal Framework
14 March 2001
A dizzying array of laws deal with Internet gambling in Europe. Whether gambling sites operate within national borders or in remote locations, government officials in Europe are facing more and more questions about responsibility and jurisdiction. Attorney Thibault Verbiest outlines some of these concerns in "Internet Gambling: The European legal framework."»
Oregon to Turn Cold on Internet Gambling?
13 March 2001
Two separate Internet gambling prohibition bills have been introduced in Oregon. One tackles the payment methods used for playing online and would permit financial institutions to collect on Internet gambling debts. The other, which also focuses on payment methods, would make it illegal to gamble over the Internet or to operate illegal Net betting sites.»
McCain to Delay Action on Bet Ban Bil
13 March 2001
His hands full with campaign finance reform, Sen. John McCain, R-Ariz., said Tuesday he’s not likely to reintroduce legislation to ban betting on college games at Nevada casinos until after the NCAA men’s basketball tournament.»
Gamblers' Case against Visa, MasterCard Dismissed
13 March 2001
Judge Stanwood R. Duval Jr. of the U.S. District Court in New Orleans has dismissed two class action suits brought against MasterCard International and Visa International for debts incurred by players on Internet casino sites. The two cases are the first federal attempt to tackle the issue of whether credit card companies can collect payment for customers' gambling debts.»
High Expectations for March Madness Betting
13 March 2001
Champions, heroes, Cinderella stories and upsets will all be made this month thanks to the NCAA Men’s Basketball Tournament. If gamblers have a few things go their way, you can add millionaires to that list.»
Cyber Ramblings - Mar 13, 2001
13 March 2001
Every week, Interactive Gaming News churns through a roundup of important Internet and technology-related worldwide news. TLD issues make our list on two separate occasions while the "hacker hit of the week" comes in the form of Microsoft co-founder Paul Allen getting his identity stolen. Additionally, the FBI offers shocking figures on the theft of credit card nummers.»
Internet Sites Would Gain from Betting Ban
12 March 2001
If a congressional ban is enacted against college sports betting at Nevada's casinos, Internet sports book operators say they would gain a moderate boost to their business.»
Historical Data Now Available for RivTrend Global I-Gaming Stock Index
12 March 2001
Historical data for the three RivTrend I-Gaming Stock Indexes are now available at IGN. Subscribers as well as visitors can view charts and graphs dating back to the indexes' inception October 16, 2000. Three options are featured for the Global, North America and EuroAustralia indexes:
  • daily closing values dating back to October 16;
  • index values between specified dates; and
  • graphs for the indexes for the year to date through the prior Friday as well as for inception through the prior Friday.

    Graphs are updated at the end of each week.

    The global index and the two regional sub-indices are available for viewing at www.rivercitygroup.com, www.igamingnews.com and www.investrend.com. To view historical data for all three indexes as well as details about the index, visit www.igamingnews.com/rivtrend.htm.»

    • I-Gaming Investors Corner (Mar 5 - 9)
    12 March 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.»
    Breaking News in US and Australia
    12 March 2001
    IGN has just learned that the Australian federal government has gained ammunition in its efforts to ban Internet gambling. In addition, another Internet gambling prohibition bill has been introduced in California.»
    Weaponry for the War against Problem Gambling
    12 March 2001
    One of the main arguments for those in favor of banning Internet gaming is that the activity is very hard, if not impossible, to regulate and control. Two gaming industry companies, with their sights set taking charge in the war against problem gambling, have developed a product that may weaken that argument considerably.»
    Fair Disclosure Rule Increases Importance of IR Leadership
    9 March 2001
    Four months since its approval by the Securities & Exchange Commission (SEC), Regulation Fair Disclosure (Reg. FD) is leveling the playing field between institutional and individual investors, and placing greater responsibilities in the hands of investor relations officers.»
    Aussie Net Betting Industry Offers Regulatory Revisions
    9 March 2001
    Upon the implementation of the moratorium on Internet gambling expansion in Australia, policy makers there who oppose prohibition challenged the industry to tighten up its already stringent regulations in an effort to stave off what many consider to be the inevitable. Last week the industry delivered.»
    Is 'Fun' in Store for Lotteries in the Future?
    9 March 2001
    FunLotto has yet to sign any contracts with a lottery for use of its innovative new FunLottoT product, but with honors taken at the Smart-Tech 2001 lottery industry conference under its belt, the company appears to be in a good position to get busy. The patent-pending software system, designed to allow lotteries to offer play from PCs through a virtual private network (VPN), won the "Smart Ideas Award" at last month's conference, and FunLotto now looks to showcase the product for the rest of the lottery world.»
    Nambling Notes - Mar 9, 2001
    9 March 2001
    In this week's Nambling Notes: A new controversy heats up amid the moratorium battle, account wagering appears to be out already in Arkansas, a South African official forecasts legalization for I-gaming by the end of the year, Hong Kong ponders legalized soccer betting, Victor Chandler says he'll stay put, Starnet selects a new CEO and more.»
    e-Signatures Are Safe
    8 March 2001
    As businesses have increased use of electronic records and contracts, one practical problem has been that you can't use a pen to sign a computer screen. (Well, technically you can sign the screen, but then you'd have to put the whole monitor in the file cabinet.) The good news for business is that now you have some legislation that will make it easier for you to use electronic signatures as a substitute for that quaint pen and ink John Hancock.»
    The Future Looks Bright for ISW
    8 March 2001
    The first quarter for the fiscal year of 2001 showed a profit for International Sports Wagering, Inc. (ISW) and the company is hoping that is just the beginning of great things ahead.»
    The Ball's in Ireland's Corner
    8 March 2001
    Now that British bookmakers have just a few months until the current 6.75 percent betting duty is replaced by a 15 percent corporate tax on gross profits, Irish bookmakers are champing at the bit for their government to make a similar change.»
    Tools of the Trade - Mar 8, 2001
    8 March 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. Instead of sitting on your lead, broaden the distance between you and the rest of the pack by equipping yourself with the tools necessary to get it done. Every week IGN publishes a new medley of blips and blurbs about products, services and events that could help you strengthen your e-business.»
    Investrend Analysis: eLOT
    8 March 2001
    Investrend Research's I-gaming research team has released its initial report on eLOT, Inc., the Nasdaq-traded Internet lottery retail and marketing services supplier. In the report, analysts John Dutton and Gerald LaKarnafeaux, CFA, detailed their "speculative buy" rating and price target.»
    NCAA Rep Meets With Bet Ban Foes
    7 March 2001
    The top lobbyist for the National Collegiate Athletic Association showed up Tuesday at a meeting of House members opposed to the NCAA's effort to ban legalized college sports betting in Nevada.»
    Go Time in Nevada
    7 March 2001
    The anxiously anticipated bill that would legalize online gambling in Nevada was introduced today in the State Assembly, and the outlook so far is pretty good.»
    Brown Makes It Official
    7 March 2001
    British bookmakers are celebrating Chancellor Gordon Brown's budget announcement today, which includes plans for scrapping betting duty.»
    Progress in Antigua
    7 March 2001
    A new age is dawning in Antigua and Barbuda, where a large portion of online gaming and wagering sites call home. Gaming regulators there took a huge step forward last week in their efforts to create stricter regulations under the nation's 1994 Free Trade and Processing Zone Act, which permits the establishment of licensing for virtual casinos and sportsbooks on the Caribbean island.»
    The IGN Data Hub - Mar 7, 2001
    7 March 2001
    In our zealous attempt to provide relief for potential information overload, we've condensed several industry-related surveys and research findings into a more digestible form for your reading pleasure.»
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