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Featured Articles Archive - Page 351

  • Latest Articles     3501 - 3510

 
Articles by I. Nelson Rose
Articles by I. Nelson Rose

Gambling and the Law: A present from the DOJ

28 December 2011
The United States Department of Justice (“DoJ”) has given the online gaming community a big, big present, made public two days before Christmas. President Barack Obama’s administration has just declared, perhaps unintentionally, that almost every form of intra-state Internet gambling is legal under federal law, and so may be games played interstate and even internationally. Technically, the only question being decided was “Whether proposals by Illinois and New York to use the Internet and out-of-state transaction processors to sell lottery tickets to in-state adults violate the Wire Act.” But the conclusion by the DoJ that the Wire Act’s “prohibitions relate solely to sport-related gambling activities in interstate and foreign commerce,” eliminates almost every federal anti-gambling law that could apply to gaming that is legal under state laws. If the Wire Act is limited to bets on sports events and races, what other federal anti-gambling statutes are left? There are prohibitions on interstate lotteries, but Powerball and the other multi-state lotteries show how easily these can be gotten around, even before Congress passed an express exemption for state lotteries...read more
 
Articles by Aaron  Todd
Articles by Aaron Todd

A former Internet poker player sees a way back into the game, thanks to the DOJ

23 December 2011
Often, the best presents are the most unexpected. And I just received a nice one thanks to the U.S. Department of Justice.After years of denying that the Unlawful Internet Gambling Enforcement Act granted states the right license and regulate intrastate online casinos and poker rooms, the DOJ's Office of Legal Counsel released an advisory memo admitting that the UIGEA does in fact give states that right.When I saw this news, my jaw hit the floor...read more
 
Articles by Aaron  Todd
Articles by Aaron Todd

Top-10 gambling industry stories of 2011

23 December 2011
There are times when the Casino City editorial team really has to scrape the bottom of the barrel to come up with enough items to fill a top-10 list. Putting together the top-10 gambling industry stories of the year, however, is usually not one of those cases.And this year, more than ever, our top-10 gambling industry stories of the year is chock full of big news...read more
 
Articles by Vin  Narayanan
Articles by Vin Narayanan

U.S. DOJ reverses course, says intrastate online gambling is legal

23 December 2011
The Department of Justice gave American online gamblers a Christmas present Friday when it said individual states had the authority to license and regulate non-sports related intrastate online gambling.The legal opinion issued by the DOJ came in response to inquiries from New York and Illinois about online lottery sales and a letter written by Senate Majority Lead Harry Reid (D-Nev.) and Sen...read more
 
Articles by Mark  Pilarski
Articles by Mark Pilarski

Deal Me In: Live keno vs. video keno

23 December 2011
Dear Mark: My favorite game is keno. Unfortunately, casinos where I play have removed the live game and have replaced it with a few video keno games spread out over the casino floor. Since video keno is now the only game in town, is it a better game than live keno? In addition, when drawing numbers, are the numbers drawn based on a random number generator like slot and video poker machines? Vicky F.Good news, Vicky, well, sort of...read more
 
Articles by Howard Stutz

Shuffler Master's net income jumps 71 percent

21 December 2011
LAS VEGAS, Nevada -- Gaming equipment provider Shuffle Master Inc. grew its net income 71 percent in the fourth quarter, thanks partly to increased revenues from leasing casino products and the sale of electronic table games to racetrack casinos in New York. Shuffle Master, which is based in Las Vegas, on Tuesday reported net income of $9.7 million, or 18 cents per share, in the quarter ended Oct...read more
 
Articles by Vin  Narayanan
Articles by Vin Narayanan

Absolute Poker founder pleads guilty to bank fraud and money laundering

20 December 2011
Absolute Poker co-founder Brent Beckley entered a guilty plea today in response to charges of bank fraud, money laundering, illegal gambling offenses and violating the Unlawful Internet Gambling Enforcement Act (UIGEA) filed by the Department of Justice on April 15.Under the terms of the deal, Beckley pled guilty to one count of bank fraud and wire fraud and one count of conspiracy to engage in unlawful Internet gambling...read more
 
Articles by Howard Stutz

Analysts see promise in IGT

20 December 2011
LAS VEGAS, Nevada -- Even before hosting an event for stock analysts in New York City on Dec. 14, praise had poured in for slot machine giant International Game Technology. "We believe (IGT) will likely outperform over the next year driven by improved game content, a significant pickup in new and expansionary U.S...read more
 
Articles by Howard Stutz

Klodnicki wins third Epic Poker League Main Event

20 December 2011
LAS VEGAS, Nevada -- Professional poker player Chris Klodnicki of Philadelphia captured the third Epic Poker League Main Event Sunday night at The Palms Casino Resort, taking home $801,680.Klodnicki, who has been playing professionally since 2003, defeated Andrew Lichteberger of East Northport, N.Y., to also earn the champion's ring and a seat in the season-ending $1 million Epic Poker League Championship Freeroll, which is open to the 27 players with the highest earnings in the four regular season Epic Poker League Main Events.Lichteberger, who won $514,480 as the runner-up in the Main Event, also earned a seat."It was a trip getting through this Main Event which had a really tough field," said Klodnicki, who pushed his career tournament poker earnings to more than $2.8 million.The final table of the third Epic Poker League Main Event featured Joe Tehan, Scott Clements, Lichtenberger and Michael "the Grinder" Mizrachi alongside Klodnicki.The next Epic Poker League Main Event takes place Feb...read more
 
Articles by Vin  Narayanan
Articles by Vin Narayanan

Top-10 reasons to visit the new Venetian sportsbook

19 December 2011
For years, my favorite sportsbook in Las Vegas has been at the Wynn Las Vegas. Johnny Avello, the executive director of race and sports operations, is the best sports book operator around. He sets some of the best odds in the business -- and yes, he's the one setting the odds...read more

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