Lawyer sees U.S. online gaming ban fuelling crime
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A bill to ban online gambling in the  United States was drafted haphazardly and risks driving  millions of gamblers underground onto unregulated Web sites, a  former U.S. state attorney general said on Thursday.
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Online gambling firms faced their   biggest-ever crisis on Monday after U.S. Congress passed   legislation to end Internet gaming there, threatening jobs and   wiping 3.5 billion pounds ($6.5 billion) off company values.
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Under the Wire An attempt to sneak a US bill banning online gambling into law has run into trouble. Supporters of the bill had attempted to attach the bill to a defence bill being passed this week, but the move has been blocked by the Armed Services Committee.â¦
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Europe's online gaming  industry filed a complaint with the European Commission on  Tuesday, saying Germany's ban on online gambling breaks EU law  on the free movement of services.
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Online gaming group 888 Plc (888.L) said  on Monday it would stop doing business with U.S. customers  after legislation was passed there aimed at preventing gambling  over the Internet.
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Video games with online  components bring in more than twice the revenue as those played  offline, a research firm said in a report to be published on  Thursday.
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The operator of a gambling news site on the Internet has asked a federal judge to declare that advertisements in U.S. media for foreign online casinos and sports betting outlets are protected by free-speech rights.
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Shares in online gaming firms are expected to fall on Monday after the US Congress agreed laws to restrict their business.
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Online bookmaker Sportingbet said its   chairman faced charges in the United States for providing   "gambling by computer," sparking fears no executive in the   $12-billion-a-year industry was safe from prosecution.
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The costs of policing a new U.S.  Internet gambling ban for banks and credit card companies will  be determined by regulators in the coming months, industry  officials said on Monday.
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LONDON/NEW YORK  - The United States has arrested   a second Internet gaming executive, adding to fears it is   cracking down on the lucrative industry and sparking share   price falls on Thursday that wiped over $1.5 billion off the   market value of the sector.
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Microsoft, Google, and Yahoo have agreed to pay a total of $31.5 million to resolve claims that they promoted illegal gambling, the U.S. Department of Justice announced Wednesday.Microsoft will pay $21 million, Google will pay $3 million, and Yahoo will pay $7.5 million, the DOJ said in a news release. The three companies neither contest nor admit that they promoted illegal online gambling by running advertisements for gambling Web sites between 1997 and this year.The settlements stem from an investigation into illegal online gambling by U.S. Attorney Catherine Hanaway of the Eastern District of Missouri, the Federal Bureau of Investigation, and the Internal Revenue Service. Hanaway&#39;s office indicted the founder of Betonsports.com, 10 other people, and four companies on charges of racketeering, conspiracy, and fraud in a crackdown on online gambling on June 1, 2006.Hanaway filed a new indictment against Betonsports, three other companies, and 12 people on June 28 of this year.Unregulated online gambling is illegal in the United States, the DOJ said. The three companies were accused of procuring participants via the advertisements they ran for illegal activity. Those actions fall under the U.S. aiding and abetting statute, the agency said.The Microsoft settlement includes a $4.5 million fine and a $7.5 million contribution to the International Center for Missing and Exploited Children. The company also agreed to create a $9 million online advertising campaign, focused on young people, saying that online gambling is illegal under U.S. law. The campaign will run for three years, beginning in early 2008, the DOJ said.Yahoo has paid $3 million to the U.S. government, and it will provide $4.5 million worth of online advertising to a public-service campaign designed to inform users that operators and participants in online or telephone-based sports and casino-type gambling in the United States may be subject to arrest and prosecution.&quot;These sums add to the over $40 million in forfeitures and back taxes this office has already recovered in recent years from operators of these remote-control illegal gambling enterprises,&quot; Hanaway said in a statement. &quot;Honest taxpayers and gambling industry personnel who do follow the law suffer from those who promote illegal online behavior.&quot;Google said, in a statement, that it has cooperated with the investigation. &quot;While we did not admit any wrongdoing, the Department of Justice has advised that online gambling is illegal in the United States and ads to promote it are improper,&quot; the company said. &quot;Google voluntarily discontinued running such ads, which were a very small part of our AdWords business, in April 2004.&quot;Yahoo said it stopped running ads for gambling sites &quot;years ago,&quot; according to a statement. &quot;After the U.S. Attorney&#39;s Office contacted Yahoo with its concerns, we worked cooperatively over several years to reach this settlement,&quot; the company said.Microsoft was preparing a statement Wednesday afternoon.
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SAN FRANCISCO - The federal crackdown on online gambling has tied up the funds of thousands of U.S. patrons of two of the largest services. The crackdown on BetOnSports, which no longer takes sports wagers from the USA, and Neteller - an Internet payment service popular among gamblers - is intended to put a dent in the $10.6 billion industry.
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Stay offline or face 18 months in jail, $10,000 fine Convicted sex offenders who used websites to help them commit their crimes are to be banned from using the internet under a tough new measure signed into New Jersey law yesterday.â¦
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Online gaming group PartyGaming Plc said  on Monday it would stop doing business with U.S. customers if  legislation passed there aimed at preventing gambling over the  Internet was signed into law.
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Online gaming firms faced their  biggest-ever crisis on Monday after U.S. Congress unexpectedly  passed legislation to ban online gaming there, threatening jobs  and hitting stocks by as much as 70 percent.
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Online Gambling : Affiliate Party&#8217;s Over Last weekend the US Congress passed a bill which will outlaw Internet gambling in the United States. The new law will ensure that gamblers who try to enter online gambling sites from American IP addresses will be blocked and that the online gambling companies can no longer accept bets placed [...]