Company Reaches Deal With U.S. in Internet Gambling Case
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The British payments processor Neteller will forfeit $136 million but will not be prosecuted for conspiracy under a agreement with the United States government.
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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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A World Trade Organization panel said Wednesday the US government should drop prohibitions on Americans placing bets in online casinos - a ruling that could open the United States to offshore Internet gambling.
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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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A gambling industry group argued in federal court Wednesday that a new federal law against transmitting online bets outside the United States violates people's right to gamble in the privacy of their own homes.
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Microsoft, Google and Yahoo pay $31.5m to settle claims they accepted adverts promoting illegal gambling.
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A Canadian man who helped create Neteller, a company to process Internet gambling transactions, pleaded guilty yesterday to a federal conspiracy charge, about two weeks after another founder of the company entered a guilty plea.
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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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WASHINGTON  - Antigua and Barbuda beat long odds as the World Trade Organization confirmed its ruling that a ban in the United States on Internet gambling violates global trading rules.
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GENEVA -- A ruling from the World Trade Organization could open the United States to offshore Internet gambling. A WTO panel says the federal government should drop its ban on Americans placing bets at online casinos.
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The United States said Monday it would widen access to some of its services to compensate the European Union, Japan and Canada to settle a WTO dispute over the US ban on online gambling.
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LONDON/NEW YORK  - The United States has arrested   a second Internet gaming executive, adding to fears of a   crackdown on the lucrative industry and wiping over $1.5   billion off the stock market value of the UK-listed sector on   Thursday.
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Time Warner is expected to announce a settlement with the Justice Department in its investigation of advertising deals between America Online and smaller Internet companies that may
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Time Warner is expected to settle with the Justice Department in its investigation of advertising deals between America Online and smaller Internet companies.
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Computer Associates has announced a deal with the US Department of Justice and the Securities and Exchange Commission that will solve the software vendor&#39;s accounting scandal.
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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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Antigua and Barbuda is entitled to  compensation of $21 million a year from the United States for  being shut out of the U.S. online gambling market, a World  Trade Organisation (WTO) arbitration panel ruled on Friday.