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Kevin Smith Gaming Guru - Page 32Betfair Takes Australian Policymakers to Task16 July 2003
The gloves are off in the betting exchange debate in Australia.
Last week Australia's Betting Exchange Task Force released its much anticipated report, and in it recommended the banning of person-to-person betting exchanges.
Not surprisingly, Betfair.com, the world's largest P2P betting service, was more than dissatisfied with the report. ... (read more)
Sportingbet Ends Speculation - It's Not for Sale16 July 2003
Officials with U.K.-based Internet gaming and wagering company Sportingbet announced Monday that takeover talks with bidders have been terminated and that a new agreement has been reached with Sportsbook.com to settle Sportingbet's earn-out obligations.
The announcement puts an end to months of speculation regarding the future of the company. ... (read more)
Hong Kong Approves Soccer Betting11 July 2003
Hong Kong lawmakers on Thursday passed a bill that allows residents to wager on soccer matches.
Supporters of the policy, which passed on a 30-24 vote, say it will boost tax revenues and curb illegal bookmaking.
Opponents, however, are concerned that it will increase the number of problem gamblers in Hong Kong and encourage local youth to bet on soccer matches. ... (read more)
Australia's Betting Exchange Task Force Speaks10 July 2003
Considering the prohibitive stance toward online gambling taken in Australia, officials with Betfair aren't surprised with the final version of a the report of the Betting Exchange Task Force commission.
The report, released today, strongly recommends the banning of betting exchanges in Australia.
The ... (read more)
Restoring Confidence in UK Bettors7 July 2003
Editor's Note: The reference to the closure of Bowmans in this article pertains to the land-based bookmaker and not Bowman International Sports Ltd., the online bookmaker also known as Bowmans, which has been fully operational since 1985 and continues to be so.
The U.K. bookmaking industry is experiencing the fallout of the recent closure of the Burns Bookmakers' betting shops. ... (read more)
AWOL Bookmaker Burns UK Bettors3 July 2003
Burns Bookmakers out of the United Kingdom stopped accepting wagers through its Web site and call center on Friday and the twin brothers behind the operation, Chris and Nick Velounias, haven't been seen since a week ago Monday. Their U.K. betting shop in Monkville Parade mysteriously closed last week, a few ... (read more)
Big Change Means Big Business in the UK2 July 2003
Despite the delay of a massive overhaul of gambling laws in the United Kingdom, one telecommunications company is targeting online gaming operators and others in the industry who could be relocating to England when the new laws are passed.
Executives from BTeLocations, BT Telecommunications PLC's inward ... (read more)
Pulling Rank - Hard Rock Hops from Isle of Man to Alderney26 June 2003
Despite losing two of its original online casino licensees in the past three weeks, officials with the Isle of Man government are confident the jurisdiction will remain a desirable location for operators.
Earlier this week, users of HardRockCasino.com were informed that the site would be closed for a few days as operations were moved from the Isle of Man to Alderney. ... (read more)
Betting Exchanges Agree to Share Data with Jockey Club, if Warranted12 June 2003
British exchange betting services Betfair and Sporting Options on Tuesday signed a potentially historic agreement with the U.K. Jockey Club.
In an effort to curb corruption in the racing community, the two groups signed a memorandum of understanding allowing Jockey Club officials to access names and information about some of their users for races that cause concern. ... (read more)
Bachus Bill Hinged on Sensenbrenner Amendment11 June 2003
After hours of debate over cutting off funding to terrorist groups and protecting families and minors from the impact of gambling, the U.S House of Representatives passed HR 2143, the Unlawful Internet Gambling Funding Prohibition Act, on a vote of 319-104.
The bill, introduced by Rep. Spencer Bachus, ... (read more)
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