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Illegal Online Gambling Trouble For New York Lotto

Another example of over-blocking reported

Yet another incident of bank overblocking under the authority of the UIGEA surfaced this week in the publication "The Consumerist", which reported that the US bank Chase chose to treat a credit card customer's New York Lottery subscription payment as a cash advance, with the $10 fee and astronomical interest rate that goes along with it.

The customer charged a annual subscription to the New York State Lottery Mega Millions game on his Chase MasterCard in the amount of $98, subsequently noticing that his monthly statement carried a $10 cash advance fee and a $1.24 interest charge for that cash advance fee, along with the $98 charge to the New York State Lottery.

When he called Chase, he was referred to the lottery, being told that it had incorrectly processed the charge as a cash advance instead of a regular charge.

However, when the punter contacted the Lottery he was informed that it had not been responsible for the incorrect charge. Lottery officials explained to him that what had actually happened was that the bank was taking advantage of the UIGEA, which went into force on June 1st this year.

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This gave credit card companies the power to handle charges for illegal Internet gambling in this fashion, he was informed. The bank had apparently seen fit to incorrectly classify the New York State Lottery and legal horse betting in the State in this 'illegal' category, and that the Lottery was seeking legal advice on the best way to address the situation.

The customer then returned to the bank, armed with the knowledge he had garnered from the Lottery and requesting that the charges be reversed. The bank refused, and the punter, who claims to have been a loyal client for 30 years, closed his account. Permanently.

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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.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

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.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

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.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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