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Bradley Vallerius Gaming Guru - Page 3

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Gambling sites will change software to stay in U.S. market

20 October 2006
Several online gambling sites will have to change the software platforms that power their games if they wish to continue taking bets from Americans. In the wake of the Unlawful Internet Gambling Enforcement Act, publicly-held gaming software development companies like Playtech, CryptoLogic, Ongame ... (read more)
 

UIGEA to cost PartyGaming $1 billion in 2007

20 October 2006
PartyGaming's investment bank expects the company's revenues to drop by more than $1 billion next year as a result of the industry giant's decision to pull out of the U.S. market after the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA). Dresdner Kleinwort downgraded 2007 revenue projections from $1.513 billion to $450 million in financial reports released Friday. ... (read more)
 

Neteller customers should check their wallets

19 October 2006
Internet payment processor Neteller says it will comply with new U.S. legislation aimed at prohibiting online gambling. American gamblers use Neteller, one of the world's largest e-wallets with 3 million customers, to transfer money to online casinos. Eighty-six percent of its active customer base resides ... (read more)
 

Fear and loathing in Barcelona

17 October 2006
Fear of indictments and extradition to the U.S. to face criminal charges over online gambling are driving many online casinos out of the U.S. market. More than 350 sites have stopped accepting American bets since Bush signed the Unlawful Internet Gambling Enforcement Act into law Friday. PartyGaming, ... (read more)
 

Online gambling companies "coming together" at EiG

12 October 2006
"One thing you need to realize is that this industry has always been under siege and probably always will be," said Sue Schneider, CEO of River City Group in her welcoming remarks to attendees of the European I-Gaming Congress and Exhibition (EiG) Wednesday morning. More than 1,000 delegates are in ... (read more)
 

Online gambling execs flock to Barcelona

10 October 2006
Amid regulatory and legislative chaos in America and Europe, more than 1,000 online gambling executives, investors, lawyers and regulators will flock to Barcelona for the fifth annual European i-Gaming Congress & Expo (EiG) this week. Beginning Wednesday, the three-day event will consist of several hours of conference discussion and presentations about the industry's most pressing topics. ... (read more)
 

U.S. Online Gambling Prohibition Likely Not Enforceable

5 October 2006
Rushed through Congress in the final hours of the 2005-2006 legislative session, the Unlawful Internet Gambling Enforcement Act seems likely to fail in its ultimate goal of prohibiting Americans from depositing and withdrawing money from offshore-based online gambling companies. To be truly effective, ... (read more)
 

PartyPoker leads exodus of public companies out of U.S.

3 October 2006
Several Internet gambling companies, including PartyPoker and 888, will stop accepting wagers from Americans when President Bush signs into law a measure that forces banks and credit card companies to block transactions with online casinos. Many Internet gambling companies listed on the London Stock Exchange ... (read more)
 

Dicks Free to Return to UK

29 September 2006
Ex-Sportingbet chairman Peter Dicks has been cleared to return to the UK after New York Governor George Pataki again refused to sign an extradition order from the state of Louisiana. "The Governor's counsels have carefully reviewed Louisiana's request to extradite Mr. Dicks and have determined that New ... (read more)
 

Dicks hearing postponed until Friday

28 September 2006
The extradition hearing of former Sportingbet chairman Peter Dicks has been postponed until Friday. New York officials, including Governor George Pataki and Attorney General Eliot Spitzer, need more time to make a decision, according to a Financial Times report. Dicks was arrested Sept. 6 at New York's John F. ... (read more)

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Bradley Vallerius
Bradley P. Vallerius, JD manages For the Bettor Good, a comprehensive resource for information related to Internet gaming policy in the U.S. federal and state governments. For the Bettor Good provides official government documents, jurisdiction updates, policy analysis, and many other helpful research materials.

Bradley has been researching and writing about the business and law of internet gaming since 2003. His work has covered all aspects of the industry, including technology, finance, advertising, taxation, poker, betting exchanges, and laws and regulations around the world.

Bradley Vallerius Websites:

www.FortheBettorGood.com
Bradley Vallerius
Bradley P. Vallerius, JD manages For the Bettor Good, a comprehensive resource for information related to Internet gaming policy in the U.S. federal and state governments. For the Bettor Good provides official government documents, jurisdiction updates, policy analysis, and many other helpful research materials.

Bradley has been researching and writing about the business and law of internet gaming since 2003. His work has covered all aspects of the industry, including technology, finance, advertising, taxation, poker, betting exchanges, and laws and regulations around the world.

Bradley Vallerius Websites:

www.FortheBettorGood.com