BUSINESS
July 30, 2010 | By Joseph N. DiStefano, Inquirer Staff Writer
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.
BUSINESS
June 7, 2007 | By Suzette Parmley INQUIRER STAFF WRITER
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.
NEWS
May 16, 2012 | Suzette Parmley
Gov. Christie, the scheduled keynote speaker at this week's East Coast Gaming Congress in Atlantic City at the new Revel Casino, will not attend the gambling conference, a decision that some critics again tied to his presumed national political ambitions. Lt. Gov. Kim Guadagno will take his place, said Christie's press secretary, Michael Drewniak. "Nothing more than a scheduling conflict and change," Drewniak said late Friday of Christie's backing out as the luncheon speaker Thursday for the two-day gathering.
NEWS
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.
BUSINESS
July 21, 2006 | By Suzette Parmley INQUIRER STAFF WRITER
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.
BUSINESS
August 6, 2006 | By Suzette Parmley INQUIRER STAFF WRITER
Gamblers Anonymous organizers in Pennsylvania and New Jersey say they have seen a noticeable rise in the number of young people at their weekly meetings in the last six years. Among them is 18-year-old Ryan. Less than a month after his first time on an Internet poker site, Ryan said, he was hooked. He racked up nearly $20,000 in gambling debt on a stolen credit card. Ryan now attends Gamblers Anonymous meetings twice a week in Basking Ridge, N.J., trying to piece his young life together.
NEWS
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.
BUSINESS
December 26, 1996 | By Reid Kanaley, INQUIRER STAFF WRITER
Nathan Kriegler loves to gamble. He takes several trips a year to Atlantic City, Las Vegas or the Bahamas. When he heard last month that there was gambling on the Internet, he hopped online and went looking for a game. "Where can I gamble from my computer?" he asked in e-mail sent to an Internet newsgroup called rec.gambling.blackjack. The Northeast Philadelphia native, who runs a printing business in Pompano Beach, Fla., said his inquiry resulted in several leads for casino-style gambling sites on the World Wide Web, and he checked them out. But he went away disappointed.
NEWS
April 10, 2012 | By Suzette Parmley, Inquirer Staff Writer
New Jersey is again rolling the dice on Internet gambling from computer servers at Atlantic City casinos. An expanded measure passed a state Senate committee last week that would allow online wagers not only from state residents but also gamblers from other states and even other countries. Supporters say the second time might be the charm, as Gov. Christie has hinted he will sign the revised measure, as other states are angling for online gaming dollars and the Justice Department's interpretation of a key federal law just turned in its favor.
BUSINESS
August 12, 2006 | By Suzette Parmley INQUIRER STAFF WRITER
BetOnSports P.L.C., the embattled London-based Internet gambling company that has been charged with fraud and racketeering by U.S. prosecutors, announced yesterday that it has shut down its services for gamblers in the United States. On Thursday, the company told its employees that it was shutting down its Costa Rican and Antiguan offices, where it accepted wagers from tens of thousands of customers in the United States, its primary market. The shutdown will result in the elimination of about 800 jobs, the company said in a statement.