UK budget aims to woo online gambling firms: paper
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British finance minister Gordon Brown  will reveal a plan in his budget next month to encourage the  online gambling industry, the Daily Telegraph reported on  Friday.
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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 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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Critics say that instant scratch-off games are more likely to contribute to problem gambling.
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Online gambling firm PartyGaming Plc  reported first-half earnings in line with previously lowered  expectations and said it was still trying to cut a deal with  U.S. authorities following a crackdown on gambling there.
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The British government faced anger from its legislators yesterday over a new bill to license a wave of casinos with unlimited jackpots, which critics charge could get thousands of Britons hooked on gambling.
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Britain's online gambling firms switched  their sights away from the United States to look for new growth  areas on Tuesday after the U.S. Congress passed legislation to  end Internet gaming in their biggest market.
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As reported by This is London: "New London casinos could pay out slot machine jackpots of up to 2.5 million, it emerged today.
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Regulation of online betting on the cards
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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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American casino operators are planning a 5 billion pound (7.2 billion euros, $9 billion) punt on Britain becoming the gambling mecca of Europe.
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More than four million Britons are regular internet gamblers according to new research.
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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 websites, a former U.S. state attorney general said on Thursday.
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The U.S. governmentÂs move to criminalize the processing of online wagers led to a Black Mondy for the online-gambling industry.
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Gordon Brown tells MPs that the UK's plans for regional casinos and super-casinos are to be reviewed.
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Shares in online gambling companies listed in London lost more than half their value after a dramatic move by US authorities to ban gambling on the Internet.
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Private equity firms have found a new business where they can place their multibillion-dollar bets: gambling.