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Emily D. Swoboda Gaming Guru - Page 36BoS Fallout: I-Gaming Stocks Walloped in London18 July 2006
Almost immediately after the news broke Monday morning that BetonSports (BoS) CEO David Carruthers had been arrested by U.S. officials, online gaming stocks began to plummet, losing a total of nearly £300 million in value before the facts of the arrest had been brought to light.
Carruthers' arrest came ... (read more)
Vocal I-Gaming Exec Detained in Dallas17 July 2006
U.S. Federal agents detained David Carruthers, CEO of online sports betting company BetonSports, at Dallas Fort Worth International Airport Sunday night.
Carruthers and his wife were en route from the United Kingdom to Costa Rica, where BetonSports is based, when he was asked to go with the federal authorities for reasons not yet made clear. ... (read more)
More on the BoS Bust: 11 Indicted in Long Running Investigation17 July 2006
BetonSports CEO David Carruthers, who was detained by FBI agents Sunday night in Dallas, was ordered held in custody today after a brief appearance in federal district court.
His arrest came out of a sealed indictment that had been issued by a federal grand jury in the Eastern District of Missouri. ... (read more)
Can the US Turn Its Back on $3 Billion?14 July 2006
The Poker Players Alliance (PPA) released a study Tuesday showing that proper regulation of Internet gambling in the United States could bring in federal and state tax revenues upwards of $3 billion.
"Keeping Americans away from this game is not only unfair, but as this study shows, would ... (read more)
New Gambling Regs for Alderney13 July 2006
The States of Alderney announced Wednesday that it has completed a major revision of the legislative framework under which it regulates the Internet Gambling industry.
"We have over the years, like many other jurisdictions, modified our laws to cater for the very fast changing e-gambling industry," Robin Le Prevost, head of e-commerce development said in a prepared statement. ... (read more)
Hostile Territory - Gambling Pubs Opt out of Circulation in Washington11 July 2006
A resident of Washington State last week received a letter from the publisher of two magazines to which he subscribed saying all subscriptions held by state residents had been cancelled due to the new gambling laws.
"The federal Department of Justice in the past has said that advertising is aiding and abetting, making the advertiser guilty of violating the Wire Act. ... (read more)
PartyGaming, APACS Oppose Scottish MP's Bid for Credit Card Restrictions10 July 2006
Mike Weir, the Scottish National Party MP for Angus, has called on credit card firms to place a cap on the amount of spending for Internet gambling sites.
"Regulation alone is not going to solve problem gambling, and this is where education comes into play."
- John Shepherd ... (read more)
South Carolina Judge Says Sweepstakes Terminals Provide Gambling28 June 2006
A magistrate judge in South Carolina has ruled that a company that sold prepaid Internet cards for low-income consumers was in fact providing an outlet for illegal video gambling.
Magistrate Robert Davenport Jr. denied Fort Worth-based Game Systems Inc.'s request to return its terminals, which officials seized in March. ... (read more)
Ontario Ad Bill Sits Before Standing Committee27 June 2006
A bill that was introduced to the provincial parliament of Ontario, Canada in March of 2006 in order to prohibit advertising in the province by unregulated Internet gaming sites is currently before the Legislative Assembly's Standing Committee on Justice Policy.
Jeff Leal, MPP for Peterborough, drafted Bill 60 (a.k.a. ... (read more)
New York Legislature Approves Internet Horse Race Wagering22 June 2006
Internet wagering on horse races has a good chance of becoming legal in New York, thanks to a measure passed this week in the state's Senate.
The bill, A8688 (S5391), was introduced by Assemblyman J. Gary Pretlow, Chairman of the Committee on Racing and Wagering, on June 3, 2005. It asks to amend a New ... (read more)
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