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ONLINE GAMBLING ON MASTERCARD'S LOBBY LIST
Posted 1/8/11 : Card processor spent $840 000 on Q3 lobbying of Congress
Financial processing giant Mastercard Inc spent $840 000 - with internet gambling as one of its targets – on lobbying activities in Q3 of 2010, reports the Bloomberg's business news service this week.
Other topics on the company's federal government lobbying list included the regulation of consumer financial products, interchange fees and online payments, according to its mandatory disclosure report.
Increased lobbying activity represented a 24 percent jump from the $680 000 Mastercard spent in the third quarter of 2009, but a significant reduction from the $2.33 million it paid lobbyists in the second quarter of 2010, when the US government's financial overhaul bill was working its way through Congress.
Mastercard lobbyists focused on aspects of the financial reform that impact credit and debit cards, including measures related to the fees charged merchants for processing payments, Bloombergs notes.
Other issues included card issuer practices, data security, the use of cards for Internet-based purchases, the regulation of internet gambling, market access in global markets and intellectual property enforcement.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
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.
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.
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