July 30, 2010 |
Internet poker and other online gambling could soon go from being mostly banned in the United States to being legal, licensed, taxed - and casino-controlled. Thank powerful Rep. Barney Frank (D., Mass.) , who pushed H.R. 2267 through in a bipartisan 41-22 vote in his House banking committee Wednesday evening. Frank's allies in the Democratic leadership are likely to slip the bill through Congress by tacking it onto some "must-pass" legislation as an amendment, rather than subject to straight Senate and House votes that some members might find embarrassing, according to FBR Capital Markets Corp.
June 7, 2007 |
What a difference an arrest can make. Last year at this time, the Internet-gambling industry's biggest event, the Global Interactive Gaming Summit & Expo, drew about 1,800 attendees. This year's event here drew about half that. What happened? Last July, David Carruthers, the chief executive officer of BetonSports.com, was arrested in Texas and charged with 22 counts of racketeering and fraud. Carruthers is under house arrest and awaiting a trial date. His arrest marked the beginning of a government crackdown on the $12 billion online-gambling industry.
October 20, 2011
Trump Entertainment Resorts Inc., owner of two casino hotels in Atlantic City, is about to enter a partnership with another firm to offer online gambling. Trump Entertainment has "determined that such a joint venture represents the most advantageous way for the company to participate in opportunities in online gaming at minimal cost to the company," according to an Oct. 14 filing with the Securities and Exchange Commission. Trump Entertainment would own 10 percent of the new venture.
July 21, 2006 |
London-based executives at one of the largest online sports-betting sites for U.S. customers are still trying to discern what the arrest of the CEO of a rival Web site by the FBI earlier this week will mean for business. "It's been a tumultuous week," Alex Czajkowski, marketing director for SportingBet P.L.C., which operates Sportsbook.com, said yesterday. Sportsbook.com, the company's flagship brand, generated more than $2 billion in sports wagers last year and more than $5 billion in casino wagering.
June 29, 2012 |
DOVER, Del. - The Delaware Senate on Wednesday narrowly approved a bill authorizing online betting, and more venues for sports wagering and other gambling. Senators voted, 14-6, for the bill, which required a three-fifths majority. Having cleared the House this month, the measure now heads to Gov. Jack Markell, who is expected to sign it. In addition to allowing online slots and table games, the bill expands keno beyond Delaware's three casinos to at least 100 other sites, and betting on NFL football to at least 20 noncasino sites.
August 2, 2014 |
Borgata's online gambling operations recorded an operating loss of $1.8 million in the quarter ended June 30, but reached a "key milestone" by breaking even in July, said Keith Smith, chief executive of Borgata's managing owner, Boyd Gaming Inc. Smith said during a conference call on the Las Vegas company's second quarter earnings that he expected the recent downturn in online gambling revenue in New Jersey to end when cooler weather returns....
January 15, 2014 |
Internet gambling has generated a $50.3 million payoff for lawyers, lobbyists, and other professionals since mid-2009, according to disclosures posted Friday by the New Jersey Division of Gaming Enforcement. The disclosures came just days before New Jersey publishes its first revenue report for online gambling, which started in late November and has been closely watched by gambling interests because New Jersey is the first major U.S. market to legalize online poker and casino gambling.
November 27, 2013 |
If it is true, as research has suggested, that people who live within 10 miles of a casino are twice as likely as others to become addicted to gambling, what happens if casino gambling is as close as a laptop computer - or a smartphone? New Jersey is about to find out. Thirteen online gambling sites sponsored by six Atlantic City casinos received a green light to open to the public and start advertising to gamblers at 12:01 a.m. Tuesday, the New Jersey Division of Gaming Enforcement said Monday.
June 21, 2012
DOVER, Del. - A bill authorizing online betting and adding venues for sports wagering and other gambling in Delaware is heading to a Senate vote. The bill cleared a Senate committee Wednesday despite complaints from church leaders, who called it morally wrong. Delaware's harness racing industry also opposes the bill, saying its members would not get a fair share of the gambling proceeds. - AP
January 5, 2012
A landmark Justice Department ruling before Christmas that seems to have opened the door to online gambling has some New Jersey lawmakers ready to rush into legalizing Internet betting. But before legislators get behind the plan of State Sen. Raymond Lesniak (D., Union) to make New Jersey "the Silicon Valley of Internet gaming," someone should note that most state residents oppose online gambling. The roughly two-thirds of voters, who for the past two years have voiced objections to Internet betting when asked by Fairleigh Dickinson University pollsters, clearly grasp the risks of mouse-clicking through the rent money.