Relaxation of British gambling laws lures U.S. casino operators
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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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Online gaming group 888 Plc 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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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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LONDON -- Shares in British online gambling companies, including Sportingbet PLC and PartyGaming PLC, dived Monday after the U.S. Congress passed legislation prohibiting the use of credit cards, checks and electronic fund transfers for online gaming.
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Shares in online gambling companies listed in London lost half their value after a dramatic move by US authorities to ban gambling on the Internet.
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IRELANDâS online bookmakers are lining up to grab a share of the $73 billion (â¬56.3 billion) American gambling market following a landmark ruling by the World Trade Organisation (WTO) last week that US legislation prohibiting gambling over the
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The share prices of gaming giants listed in London have dived after US lawmakers backed a bill to outlaw gambling over the Internet, dealers said.
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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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CASINOS across Britain were reviewing their security last night after three gamblers who used a mobile phone to win more than a Â£1 million at the Ritz were allowed to keep their takings.
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THE GOVERNMENT has signalled unexpectedly dramatic restrictions on the number of new casinos that will result from the controversial overhaul of the gambling laws.
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Last weekend, when the U.S. Congress   passed a bill making it illegal for banks and credit-card   companies to make payments to Internet gambling sites, a legion   of online gamblers were sent scrambling to find new ways to   place their bets.
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Looking to gain a foothold in the potentially lucrative United Kingdom gambling market, Caesars Entertainment says it will construct a Las Vegas-style hotel-casino in London.
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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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With us or against us? The announcement last week of a partnership between Las Vegas Sands, Inc., and British-based Cantor Gaming to start an online casino in the first quarter of 2007 is only adding fuel to the allegations on the part of European competitors that the Unlawful Internet Gambling Act is primarily protectionist in nature.â¦
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In a ruling that could open the United States to offshore Internet gambling, a World Trade Organization panel Wednesday said Washington should drop prohibitions on Americans placing bets in online casinos.
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US legislation on online betting was described as "protectionist" by the European Union's top financial regulator on Tuesday and may trigger legal action before the World Trade Organisation.
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Seeking a dash of Vegas glitter, Prime Minister Tony Blair's government said Thursday it will introduce legislation within weeks to allow giant casinos offering unlimited jackpots to set up across Britain.