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Gambling Opponent Cleared of Wrong Doing
Thursday, May 3,2012 : ONLINE GAMBLING OPPONENT CLEARED OF WRONGDOING (Update)
All charges against Rep. Spencer Bachus dismissed by Congressional Ethics office
This week an old gambling story resurfaced with the news that US Representative Spencer Bachus of Alabama, an arch anti-online gambling politician in Congress, has been completely exonerated on charges of abusing insider political knowledge.
The Republican politician was the subject of an investigation by the Office of Congressional Ethics into allegations arising from a television expose claiming that he had made money from using insider knowledge that came to him as a lawmaker .
Bachus, as chair of the powerful House Financial Services Committee, was in a position to prosper from insider knowledge, and he did so, especially in the 2008 economic meltdown, it was claimed. At the time, Bachus was receiving briefings from Treasury Department officials and economic experts about the banking crisis, the Wall Street Journal reported in 2010.
A book by Peter Schweizer titled “Throw Them All Out” added fuel to the fire with details of questionable political conduct for personal profit in Congress.
The issue really hit the headlines in a big way only in 2011, when an expose on corruption in Congress aired on the CBS television network program "Sixty Minutes", naming Bachus and other political luminaries like Speaker John Boehner and House Minority Leader Nancy Pelosi.
Bachus has consistently denied the allegations, and this week the Office of Congressional Ethics unanimously dismissed all suggestions of wrongdoing against him.
Something positive did come out of the sad litany of politicians behaving badly, however; Congress recently passed a law forbidding insider trading by members of Congress.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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