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Mobile Gambling Hit $10 Billion Last Year

Mobile Gambling Hit $10 Billion Last Year

By Sean Patterson February 12, 2014

As more video game publishers focus on the large smartphone and tablet install base, monetization schemes on mobile platforms has begun to evolve grow. Microtransactions are now normal for new mobile game releases, encouraging players to pay small amounts of …

House Panel Approves Bill To Legalize Online Gambling
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A House committee yesterday voted on legislation that would legalize and regulate online gambling in the United States.

Hearing Highlights Benefits Of Internet Gambling Regulation

The Safe and Secure Internet Gambling Initiative said today it strongly supports testimony by Reps. Barney Frank (D-MA) and Jim McDermott (D-WA) on the ability to regulate online gambling to protect consumers, collect billions in new government revenue and create thousands of new jobs in the U.S.

Kentucky Sues Full Tilt Poker To Recover Gamblers
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The Common Wealth of Kentucky is once again going after the online gambling industry and has filed a lawsuit in Franklin Circuit Court against a number of online gambling operations seeking to recover losses incurred by Kentuckians who placed wagers via websites.

Kentucky Sues Full Tilt Poker To Recover Gamblers

The Common Wealth of Kentucky is once again going after the online gambling industry and has filed a lawsuit in Franklin Circuit Court against a number of online gambling operations seeking to recover losses incurred by Kentuckians who placed wagers via websites.

Kentucky Sues Full Tilt Poker To Recover Gamblers

The Common Wealth of Kentucky is once again going after the online gambling industry and has filed a lawsuit in Franklin Circuit Court against a number of online gambling operations seeking to recover losses incurred by Kentuckians who placed wagers via websites.

Kentucky Sues Full Tilt Poker To Recover Gamblers

The Common Wealth of Kentucky is once again going after the online gambling industry and has filed a lawsuit in Franklin Circuit Court against a number of online gambling operations seeking to recover losses incurred by Kentuckians who placed wagers via websites.

Kentucky Supreme Court Favors State In Online Gambling Case
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The Kentucky Supreme court issued a ruling Thursday that it will not lift the freeze by registrars of 141 Internet gambling domain names unless an owner of the names comes forward.

The ruling by the Court is not final, but the decision is being viewed as a temporary setback by the affected parties.

New Legislation Aims To Regulate Internet Gambling

The Safe and Secure Internet Gambling Initiative, an advocacy group, said today it supports the introduction of legislation by Senators Ron Wyden (D-OR) and Judd Gregg (R-NH) that includes provisions to legalize and regulate Internet gambling under the "Bipartisan Tax Fairness and Simplification Act of 2010.

New Jersey Considers Legalizing Online Gambling
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A newly proposed law in New Jersey would allow residents there to gamble online via websites run by the state’s casinos in Atlantic City.

The bill was introduced into the New Jersey senate by Senator Raymond Lesniak (D-Union), who also introduced a separate bill which calls for New Jersey residents to vote on a constitutional amendment that would allow state-regulated sports wagering in Atlantic City casinos, and to state residents via an intra-state Internet gambling system.

Controversial Gambling Domain Seizure Ruling Expected This Month

Back in 2008, Kentucky Governor Steve Beshear announced that he wanted to shut down 141 Internet gambling sites in the state in an effort to stop unregulated online gaming. He filed a civil suit against the domain names and asked the court to force the sites to block access to Kentucky users or give up control of their domain names.

BetOnSports CEO Sentenced To Prison
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David Carruthers, the former director and CEO of online sports wagering firm BetOnSports, was sentenced to 33 months in prison on Friday, the Justice Department announced.

David-Carruthers Carruthers, a citizen of the United Kingdom, was hired by BetOnSports founder, Gary Kaplan, in 2000 as CEO of the online wagering company, which was based in Costa Rica.

Representatives To Hold Hearing On Internet Gambling
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On Thursday, the House Financial Services Committee will discuss legislation introduced by Chairman Barney Frank (D-MA) that would regulate online gambling in the United States.

The hearing will begin at 10 am EST and will include testimony from leaders in the fields of online security and consumer safety. Experts will describe how current systems and technologies have been successful in blocking minors from gambling online, reducing compulsive gambling and protecting consumers against money laundering, fraud and identity theft.

Legalized Online Gambling Would Bring In Billions
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A Joint Committee on Taxation report released today by Rep. Jim McDermott (D-WA) found that regulating Internet gambling would generate roughly $42 billion over 10 years.

The report is based on the requirement of a federal license for operators that would allow them to offer online gambling throughout the United States, while keeping the federal prohibition on any form of sports betting.

Kentucky Supreme Court Hears Online Gambling Case

The Kentucky Supreme Court heard arguments on Thursday on whether the Common Wealth of Kentucky has the power to seize 141 domains belonging to online gambling sites.

Previously a Franklin Circuit Court Judge ruled for the state saying it was allowed to seize the domain names, but the Court of Appeals overturned that decision. The case was then appealed to the Supreme Court.

Appeals Court Upholds Online Gambling Ban

The U.S. 3rd Circuit Court of Appeals in Philadelphia upheld the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006, rejecting that the law was vague and violated individual privacy rights.

The law was challenged by the Washington, DC-based trade association Interactive Media Entertainment & Gaming Association (IMEGA), on behalf of the Internet gambling industry.

Canadian Man Charged In U.S. Online Gambling Case
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The FBI has announced the indictment of a Canadian man for his role in processing more than $350 million for Internet gambling companies.

According to the indictment, Douglas Rennick, 34, opened bank accounts in the U.S. from 2007 to June 2009, under a variety of corporate names and "falsely represented that the accounts would be used for such purposes as issuing rebate checks, refund checks, sponsorship checks, and affiliate checks and minor payroll processing."