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Kevin Smith Gaming Guru - Page 36PayPal Comes Under Fire Again31 March 2003
A U.S. federal court on Friday informed third-party online transaction processor PayPal in a letter that the company has violated U.S. law by processing payments for online gambling services. The receiving of the letter was confirmed in the company's 10-K annual report, which it released today.
PayPal disclosed in its quarterly report, release in July 2002, that the U.S. ... (read more)
Sportingbet's DC Mission27 March 2003
Mark Blandford realizes he has a tough task in front of him, but that doesn't mean he isn't committed to putting up a good fight.
"I think our efforts are having an effect," the executive vice chairmen of Sportingbet said of his firm's continued advertising campaign in Washington D.C.
"The ... (read more)
Magna to Usher California Into a New Age of Horse Racing26 March 2003
Aggressive race wagering group Magna Entertainment Corp. has embarked on perhaps its boldest initiative to date.
Magna, the brainchild of Frank Stronach, spent much of the last five years buying up tracks and racing properties and in doing so has built an empire larger than that of American racing giant Churchill Downs Inc. ... (read more)
IQ-L, Phantom Fiber Partner to Produce Wireless Gambling Solutions25 March 2003
I-gaming technology provider IQ-Ludorum announced Monday that it will soon offer wireless games to its licensees through a partnership with Phantom Fiber.
The new product, "IQ-Wireless," combines the gaming software structure of IQL with Phantom Fiber's wireless technology platform, Smart Streaming. ... (read more)
March Badness? A Sluggish Start for Bookmakers24 March 2003
When it's all said and done, the list of losers from this year's NCAA Men's National Championship Basketball Tournament could include more than just Wake Forest and Florida.
Both schools went into the 64-team tournament as No. 2 seeds and were upset Sunday by No. 15 seeds, and sports books all over the world could take an equally devastating hit. ... (read more)
BSkyB Debuts Casino-Style Games21 March 2003
Officials with British Sky Broadcasting are pleased with the initial response to the casino-style betting service it launched last week.
Without disclosing numbers, Richard Flint, Sky Interactive's director of betting and gambling, said the new feature, Sky Bet Vegas, has received a very positive response from customers. ... (read more)
Betting on Cricket's World Cup18 March 2003
Bookmakers worldwide have reported increased betting on the Cricket World Cup, but most say it isn't a "major" event. Nevertheless CWC betting has carved a nice niche for itself in the interactive gaming industry.
Leading person-to-person betting site Betfair.com has experienced the CWC push firsthand. ... (read more)
New Jersey Bill Address I-Gaming and Credit Card Debt17 March 2003
The New Jersey state Assembly on Thursday unanimously passed a bill that could put new restrictions on credit card companies that allow cardholders to gamble online.
A3356, authored and co-sponsored by Assemblyman Gary Guear, would make it illegal for credit card companies to collect debt incurred via ... (read more)
NHL Star Downplays Internet Gambling Scanda13 March 2003
A day after news of his online gambling exploits made its way through the national media, NHL star winger Jaromir Jagr admitted to making mistakes, but took issue with what he felt were inaccurate claims made by his bookmaker.
Earlier this week William Caesar, who owns and operates CarbiSports.com told ... (read more)
A World on the Brink of Unparalleled Devastation - Wanna' Bet?11 March 2003
The fact that punters can bet online on the exact date a U.S. war against Iraq will start is a sign of both the limitless boundaries online bookmakers have and how bet-hungry consumers can be.
Online bookmakers accepting wagers on the war are finding it immensely popular among a segment of their ... (read more)
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