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iGaming News Page 940

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What Does the Cohen Verdict Mean to the Net Betting Industry?
13 March 2000
Two weeks have passed since a United States district court jury found World Sports Exchange President Jay Cohen guilty on several counts, including conspiracy, of violating the Wire Wager Act. Everyone in the Net betting business wants to know what the verdict means to the future of the industry as well as the future of Cohen himself.»
Testimony: "John Doe"
10 March 2000
I have been an avid gambler since I was fourteen years old..»
Testimony: Robert Goodlatte
10 March 2000
Thank you, Mr. Chairman, for agreeing to hold this hearing. I very much appreciate your willingness to have this forum for a discussion and a dialogue on a topic that is of profound importance to the American people and to American ideals: the growing need for legislation to address the problem of illegal Internet gambling.»
Testimony: Kevin DiGregory
10 March 2000
Thank you, Mr. Chairman and Members of the Subcommittee, for providing me this opportunity to provide the Subcommittee with the Department of Justice's views on Internet gambling and H.R. 3125, the "Internet Gambling Prohibition Act of 1999."»
Testimony: Robert J. Minnix
10 March 2000
Mr. Chairman and members of the Subcommittee, thank you for the opportunity to testify on behalf of the National Collegiate Athletic Association (NCAA) in support of H.R. 3125, the "Internet Gambling Prohibition Act of 1999." The NCAA is a membership organization consisting of nearly 1,000 universities and colleges and is devoted to the regulation and promotion of intercollegiate athletics for over 330,000 male and female student-athletes.»
Testimony: James E. Doyle
10 March 2000
I appreciate the opportunity to appear today before the Subcommittee on this important issue.»
Testimony: Stephen Walters
10 March 2000
I appreciate this opportunity to present the views of the horse industry on H.R. 3125, the "Internet Gambling Prohibition Act."»
Testimony: Keith S. Whyte
10 March 2000
Statement of Keith Whyte, Executive Director of the National Council on Problem Gambling, on HR 3125 Internet Gambling Prohibition Act, before the U.S. House of Representatives Committee on the Judiciary, Subcommittee on Crime»
More from the House
10 March 2000
The rest of the testimony from yesterday's U.S. House hearings have found their way into IGN's ever-growing vault of congressional documents. The flavor of the day is the testimony of an unidentified 21-year-old Internet gambling addict who says he blew thousands of dollars betting the Net using his father's credit card. Not surprisingly, the young, troubled bettor's story has already received quite a bit of media coverage. Also speaking were Bob Goodlatte, Kevin DiGregory, Robert Minnix, James E. Doyle, Stephen Walters, Keith Whyte and Bartlett Cleland, Esquire.»
Nambling Notes - Mar. 10, 2000
10 March 2000
In this week's Nambling Notes: The Michigan Department of Community Health launches a television advertisement with commercials focusing on Internet Gambling; the Minnesota Department of Public Safety tells U.S. Congress to let the states decide for themselves whether to prohibit Net betting; the Ohio Lottery continues ponder going online; Antigua makes itself a bit more attractive for operators; Littlewoods ponders the big step; and more.»
Concern on the Potomac
10 March 2000
The March 9 online gambling hearings in the U.S. House of Representatives have come and gone and now it's time to step back and see how those with an interest at stake react. Here's what Harness Tracks of America had to say.»
Panel Selected for U.K. Study
10 March 2000
The U.K. Home Office has named members of the Gambling Review Body, a panel that will consider ways to modernize British gambling legislation and regulation. »
Michigan HB 4689/4690 - Committee Summary
9 March 2000
House Bills 4689 (S-1) and 4690 would amend the Michigan Penal Code and the Code of Criminal Procedure, respectively, to prohibit certain activities related gambling using the Internet, and include Internet gambling violations in the sentencing guidelines. House Bill 4690 is tie-barred to House Bill 4689.»
Michigan House Bill 4690 - First Analysis
9 March 2000
Internet gambling is growing at a rapid pace. Just a few years ago, on-line lotteries, virtual casinos, bingos, and on-line sports betting sites generated several million dollars from a couple dozen sites. In 1999, it was estimated that approximately 140 Internet sites would bring in well over $600 million, perhaps even a billion dollars, with a forecast of future earnings topping $10 billion by the year 2000. In part as a result of the rapid growth of the industry and in part because the vast majority of businesses conducting on-line gambling are located overseas, mostly on Caribbean islands, (making businesses owners difficult to identify and locate) on-line gambling is virtually unregulated.»
Amendments to Michigan HB4689
9 March 2000
Several amendments were suggested this week by the Senate Committee on Gaming and Casino and more are expected when the committee meets again (at an undetermined date). »
Choppy Waters for HB 4689
9 March 2000
In May of 1999, Michigan State Rep. James L. Koetje proposed legislation, HB 4689, that would make accepting wagers over the Internet from persons in Michigan illegal. The bill passed unanimously in the House, but it hasn't been smooth sailing in the Senate.»
Raising Venture Capita
9 March 2000
Venture capital--it's the Holy Grail in the dot com world. This week, we begin what will be an increasing focus on helping you find money to make your business go.»
Tools of the Trade - Mar. 9, 2000
9 March 2000
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 Thursday, IGN publishes a new medley of blips and blurbs about e-business solutions that could be useful to you.»
U.S. House Hearing - March 9, 2000
9 March 2000
It was a big day in Washington for Internet gambling. The House of Representatives heard testimony on Rep. Bob Goodlatte's Internet gambling prohibition bill, a companion piece to Sen. Jon Kyl's act which has already passed in the Senate. In coming days, Interactive Gaming news will post written versions of the testimonies. The first two installments are here and available for your reading pleasure.»
Canadian Pair Charged in U.S.
8 March 2000
A pair of Canadians whose company gambled on hitting it rich in the lottery business have been charged with stealing $32 million (U.S.) from an American bank. »
Virginia Judge Gives U.S. Jurisdiction over Entire World
8 March 2000
I reported last Friday that United States law, contrary to the beliefs of many U.S. justice and legislative officials, does not apply to the rest of the world when it comes to adjudicating Internet matters. A judge in Virginia, however, disagrees. Through a ruling on a cybersquatting lawsuit, District Court Judge (for the Eastern District of Virginia) Albert Byan has opened a can of worms--worms with very sharp teeth.»
The Race Betting Revolution Is Coming
8 March 2000
TrackPower Inc. is joining Penn National Gaming and eBet Limited to establish an integrated broadcasting, telephone and online pari-mutuel wagering company. Upon its completion, Penn National and eBet will each own approximately 26.5 percent of TrackPower.»
The IGN Data Hub - Mar 8, 2000
8 March 2000
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.»
A Good Lot of Testifiers
7 March 2000
You probably knew that the House of Representatives is scheduled to hear testimony this week on Rep. Bob Goodlatte's Internet gambling prohibition act, but did you know who's slotted to testify? Following is a list of those who will speak on March 9...»
Global Net Announces Bingo Dea
7 March 2000
Global Net Entertainment has entered a joint venture agreement with Noram Gaming and Entertainment Co. to build and manage traditional, television and online Internet bingo operations internationally. The two companies plan to initially co-develop the first traditional bingo operation in the Kingdom of Cambodia using Global's present joint venture license agreement with the Royal Group, and then pursue ventures in other nations. Global already is developing a national online and Internet lottery in Cambodia.»
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