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Mark Balestra Gaming Guru - Page 8A Glance at 200331 December 2002
The Payment Crisis - Finding an adequate replacement for credit-card payments remains I-gaming's No. 1 concern, and still, there is no end in site. The vicious circle goes like this: The payment processing crisis is hurting operators' revenues; declining revenues has led to attrition, which has resulted in ... (read more)
Interactive Gambling: 2002 and Beyond31 December 2002
Top Stories of 2002
The payment processing crisis is a bigger burden than ever.
P2P is the real deal.
More jurisdictions adopt prohibition.
Regulators and policymakers grapple with border control.
"Tier 2" jurisdictions have their day.
California embraces interactive race wagering.
New ... (read more)
Q & A: Michael Frendo, Gatt Frendo Tufigno, Advocates7 November 2002
The Malta Lotteries and Gaming Authority last month made public its intentions to formulate a new licensing regime for online gambling in Malta. If all goes as planned the first I-gaming licenses will be granted in the first quarter of 2003.
The country has had land-based gaming for decades and began hosting regulated online sports books in 2000. ... (read more)
Malta Passes I-Gaming Regulations14 October 2002
The Malta Lotteries and Gaming Authority announced today it is formulating a new licensing regime for online gambling in Malta.
The legislative framework, expected to be completed by the end of the year, will provide regulations for online casinos, casino-style games, sports betting, betting exchanges and lotteries. ... (read more)
A Very Soft Launch for MGM Mirage27 September 2002
With the outlook for Internet gambling growing increasing grim in its home country virtually by the hour, Vegas-based casino giant MGM Mirage quietly launched its highly anticipated online casino Thursday from an offshore location.
The new site, PlayMGMMirage.com, began accepting real-money betting on virtual casino games at 9 a.m. ... (read more)
Daily Nambling Notes - August 2, 20022 August 2002
On the E-Commerce Front -- The Associated Press reported today that Bank of America has mailed thousands of notices to its Arizona-based customers informing them they can't use their cards for illegal transactions, including Internet gambling. The mailer outlined several new polices, among them a statement that the bank is not liable for illegal transactions, even if it fails to decline them. ... (read more)
Q & A: Con Kafataris, SportOdds11 July 2002
Con Kafataris, has gained a unique understanding of bookmaking in the interactive arena. In 1995, he founded SportOdds, a sports betting business based in the Australian Capital Territory. Seven years later he finds himself at the helm of Australian's largest private sports betting company.
It's no surprise that he got there by embracing the Internet. ... (read more)
Daily Nambling Notes - July 5, 20025 July 2002
Names and Faces Changing Places -- U.K.-based gaming software developer World Gaming plc today formally announced the appointment of Jim Mackay to the position of CEO. Mackay, who joined World Gaming in May 2002, has more than 25 years experience managing and financing business ventures in Europe and North America, with a focus on sports and entertainment. ... (read more)
Asia Calling1 July 2002
While policy makers and industry reps reviewed the fruitless outlook for I-gaming in the United States at meetings this week in Las Vegas, experts gathered nearly 9,000 miles away to explore the future of the industry in the untapped Asian market. Singapore was the site of the seventh annual Gaming & Casinos ... (read more)
Editorial: Thank You Sir, May I Have Another?17 June 2002
A Chronology of Headaches for Bob Goodlatte
October 1999 - Rep. Don Young informs the
House Judiciary Committee that he opposes the Rep. Bob Goodlatte's Internet Gambling
Prohibition Act of 1999 because none of its many exemptions cover Indian
gaming. He seeks to have the bill reassigned to the Committee on
Resources, of which he chairs. ... (read more)
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