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Bradley Vallerius Gaming Guru - Page 6  Online gambling companies "coming together" at EiG12 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 Barcelona10 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 Enforceable5 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 UK29 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 Friday28 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)
Hill, Ritz end U.S. operations27 September 2006
The legal turmoil surrounding online gambling in the U.S. has prompted two British companies, William Hill and Ritz Club, to stop taking bets over the Internet from American players.
William Hill's policy had been to accept poker and gaming action from American residents but not sports betting. But the UK's second largest bookmaker decided Tuesday that taking poker and casino bets from U.S. ... (read more)
BetonSports negotiating settlement26 September 2006
Online sportsbook BetonSports is negotiating with U.S. prosecutors to end a 22-count lawsuit, including charges of illegal gambling, racketeering, tax evasion and mail fraud. The company's lawyer, Jeffrey Demerath, informed the U.S. District Court in St. Louis on Sept. 19 that BetonSports wants to settle the case. ... (read more)
Gaming world watches as Dicks legal saga continues26 September 2006
Peter Dicks, non-executive chairman of British online gambling corporation Sportingbet is slated to return to New York for a second extradition hearing on Thursday. Dicks' arrest earlier this month flung the online sportsbook industry into panic and prompted the resignation of two World Gaming directors Monday. ... (read more)
PartyPoker Founders Crack 'Forbes' Rich List25 September 2006
Two people on Forbes magazine's annual list of the 400 richest Americans built their fortune by blazing a trail in online gambling. PartyPoker.com founders (and husband and wife) J. Russell DeLeon and Ruth Parasol are tied for 197th on Forbes' list with an estimated net worth of $1.8 billion each. ... (read more)
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