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Wednesday August 10, 2011 : Gibson bids to clarify internet gambling legislation
In a move that he describes as a bid to clarify existing laws on internet gambling, Republican Representative Chris Gibson has announced in New York the launch of a bill to protect Internet wagering on thoroughbred horse races from laws designed to restrict online gambling.
The bill is said to be similar to one former Congressman Scott Murphy, a Democrat, wrote last year.
"While the [current] rules were designed to crack down on illegal Internet gambling, they have unintentionally created confusion regarding the validity of credit card transactions for legitimate wagers on horse racing that are sanctioned by the federal Interstate Horseracing Act," Gibson said in his statement Tuesday.
"As a result, several credit card companies have decided not to process any gaming transactions, even legal Internet gaming transactions on horse racing."
The racing industry has invested millions in online pari-mutuel wagering, and doesn't want to see it wasted...and betting via the internet is growing.
When the bankrupt New York City Off-Track Betting Corp. closed last year, the New York Racing Association began taking online registrations for its NYRA Rewards program and began streaming races live online.
"In upstate New York, we are fortunate to have Saratoga Race Course, the crown jewel of horse racing in the state and the economic engine for our area," Gibson said. "To sustain this much-needed tourism revenue and to protect thousands of jobs, we must ensure that horse wagering remains legal, as intended by federal law."
The legislation will go before the House Judiciary Committee shortly.

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Gambling News :

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

Novomatic has announced a legal action against Euro Games Technology - Online and land gambling equipment and games provider Novomatic has announced a legal action against Euro Games Technology Ltd., which it claims has unfairly created imitations of its slot games.

Starcraft ProLeague SHutting Down after 14 Years - Announcing the end of the road for the League, once pre-eminent in Asian eSports gaming, the Korean Esports Association blamed ethical scandals and competition for its decline in popularity.

Team Hot Launches - #teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.

Netent Q3-2016 Earnings Report - #netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.

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