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iGaming News Page 996

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Seven Billion Dollar Nambling Market Predicted
11 May 1998
A recent "strategic research report" by Frost & Sullivan titled, "World Markets for Online Gambling", predicts that the turnover of on-line gambling will be $7 billion (US Smackeroos) by the year 2004.»
Tribal Considerations
9 May 1998
Concerns about how Native American gaming is affected by the Kyl bill (Internet Gambling Prohibition Act) continue to grow. IGN has secured letters on the issue from concerned legislators on both the House and Senate side of Congress seeking exemptions for Indian gaming or jurisdictional oversight of the bill. Here you'll find the full text of the two letters.»
American Wagering to Receive Australian Internet Sports Betting License
9 May 1998
The Bookmakers Licensing Committee "BLC" in Australia has notified MegaSports Pty Ltd., the Australian subsidiary of American Wagering, Inc. (Nasdaq: BETM), that its application for an Internet bookmaking license has been approved pending the outcome of a probity checking process.»
Big M Signs with You Bet!
9 May 1998
New Jersey Sports & Exposition Authority senior vice president-racing (and HTA president) Bruce Garland announced today that the Meadowlands and Monmouth Park had signed a non-exclusive agreement to offer interactive online wagering and harness and thoroughbred racing signals to members of the You Bet Racing Network.»
FBI Targets Online Fraud, Gambling
8 May 1998
In the past six years, the FBI's National Computer Crime Squad (NCCS) has investigated over 100 cases of online fraud in several industries. Now it's seeking to focus on illegal Internet gambling as well.»
New Internet Gambling Payout Structure Introduced
8 May 1998
Winners Internet Network Inc. (OTC Bulletin Board: WINR) has closed the financing needed to complete the commencement of World-Wide Internet Gaming Payout Structure. The financing was completed by EPA Continental Holdings.»
Starnet Licenses Three More Internet Gaming Systems
7 May 1998
Starnet Communications International Inc. (NASD OTC-BB: "SNMM") has licensed its customized Internet gaming systems to three new international operators.»
Speed Limits on the Information Superhighway
7 May 1998
What, exactly, are velocity controls? You've probably been hearing a lot about them lately if you process online credit card payments. »
PlayStar Reorganization to Move Operations to Antigua
7 May 1998
PlayStar Corporation (OTC BB: PSCK) has just announced plans to reorganize into an Antigua international business corporation and the relocation of company operations to Antigua, West Indies.»
How To Create A Contract Using Email And Digital Signatures
6 May 1998
So, you can sign an electronic contract with a digital signature. But is the contract legal and binding? Unfortunately, there is some uncertainty in this area and this uncertainty hinders the growth of electronic commerce. One problem is the law. This is a recurring theme in Cyber Law; it always develops behind new technologies. So, while it's apparent that a signed paper can create a contract, it's only by careful analysis and thorough analogies that you can reach the same conclusion about a contract by e-mail.»
Trade Secrets and the Internet
6 May 1998
When businesses think about being on the Internet, they're thinking about spreading the word about their business to the world. At first blush, the idea of an "Internet-related trade secret" seems like an oxymoron, but it's not. Companies in the Internet business and businesses that use the Internet need to have a battle plan to protect their trade secrets from theft. If your plan fails (you do have a plan, don't you?), the consequences include your competitors making money on what you developed. Here's how to develop an effective plan.»
Cat Amongst The Cybergambling Pigeons Downunder!
5 May 1998
Professor Jan McMillen of the Australian Institute of Gambling Research has really put the cat amongst the cybergambling pigeons this week when she said in an interview with the Australian newspaper that the Australian Federal Government " was shirking its constitutional responsibility, hoping States and the gambling industry would solve the potential legal problems associated with cyber gambling". »
You Bet and Ladbroke Announce Interactive Online Wagering On Ladbroke Golden Gate Fields
5 May 1998
You Bet!, Inc. (OTC Bulletin Board: UBET and Ladbroke Golden Gate Fields are offering online wagering and live broadcasting of Ladbroke Golden Gate Fields California horseracing to members of the You Bet Racing Network Limited Release.»
NGISC Meeting Taking Shape
4 May 1998
The agenda for the next meeting of the National Gambling Impact Study Commission is beginning to take shape. The Commission is scheduled to meet in Chicago on May 20 and 21, and thus far two panels of note are being organized, each of which deals with Internet gambling. »
National Concern with Interactive Gambling Legislation Down Under
30 April 1998
The legalization and regulation of online gambling in Queensland, Australia isn't going to come easy. Australia's recent Internet and interactive gambling legislation could be thwarted by difficulties in inter-governmental relations.»
Web Casino and Wisconsin Settle
30 April 1998
Wisconsin Attorney General James Doyle has announced that his office has reached an agreement with On-Line International, an Internet gambling firm, that calls for the dissolution of the company's Wisconsin corporation.»
Separate Approaches to Internet Gambling in Australia and the United States
29 April 1998
This is the first of a three part series written by Michael Shagan, a consultant to the parimutuel industry.»
Welcome to the Club
29 April 1998
Golden Chips Casino, a client of Atlantic International Entertainment, Ltd. (OTC Bulletin Board: AIEE), has received government approval for a gaming license in Antigua. The Casino will open for live wagering in May.»
World Research Group Organizes Conference on Internet Gambling
28 April 1998
World Research Group will hold its Internet gambling conference, "Gaming Online" on October 28-30 at the Le Meridien Hotel in New Orleans, LA.»
WWWCasinos Settles Suit in Wisconsin
27 April 1998
Attorney General James Doyle announced that his office has reached an agreement with an Internet gambling firm that calls for the dissolution of the company's Wisconsin corporation.»
GIC Global Intertainment to Purchase Internet/Sportsbook Casino Site
25 April 1998
GIC Global Intertainment Corporation (GIC)(Nasdaq: GGNC) has signed a letter of intent to purchase the assets and operations of an established Internet sportsbook/casino site with a valid offshore internet gaming license, revenues and profitable earnings. »
The View from Victoria, Australia
24 April 1998
Interactive Gaming News is watching events closely in Australia. While Queensland has begun moving forward with licensing and regulating interactive gambling, other states are just beginning the process. One veteran of the interactive gaming efforts in Australia is Brian Farrell, manager of Gambling Operations & Audit for the Victorian Casino and Gaming Authority. He was integrally involved with the National effort among gaming ministers in the country which designed a national regulatory framework to deal with this issue. Brian was gracious enough to give IGN an update on events in Queensland as well as the text of his presentation at a recent interactive gaming conference. »
'Casinos of the World' Opens For Online Gaming
23 April 1998
WinStreak, the Internet gaming division of Internet Global Network Inc. (VSE:IGN), has officially opened "Casinos of the World," its on-line casino.»
U.S. National Gambling Impact Study Commission to Meet
22 April 1998
The U.S. National Gambling Impact Study Commission will be getting around to looking at several topics including riverboat gambling, internet gambling and the regulatory structure of the financial markets. The Commission is charged with studying the social and economic impacts of legalized gambling in the US. They will host a panel called Internet Gambling: The implications of Prohibition v. Regulation. »
Internet Gambling--Computer Law Tip
21 April 1998
The law surrounding Internet casino gambling has become the hottest Internet law topic. The Internet gambling industry is rapidly expanding while the U.S. government and a few states are aggressively trying to shut it down. This is happening while legal scholars can't even agree on whether online casino gambling violates current law. »
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