Is Online Gambling Legal In The U.S. ?
Jun 1 at 3:03pm by admin
Although U.S. legislation as regards online gambling continues to be very blurred it can be said quite categorically that no federal law exists that prevents U.S. nationals from engaging in online gambling.
Estimates suggest that Americans still account for over 80% of online poker players and that they participate in more than 55% of online gambling activities.
Nevada, Louisiana, Michigan and Illinois currently prohibit online gambling and many other state legislatures say that they intend to introduce similar legislation.
California, Massachusetts, South Dakota and Utah forbid certain forms of online gambling.
Atlantic City Celebrates 30 Years Of Gambling
May 29 at 9:09am by admin
Fireworks and skydivers could be seen over Atlantic City last weekend as ‘Resorts International’ rolled out the red carpet to celebrate thirty years of gambling at the ‘Jersey Shore’.
Thirty years ago, Atlantic City was just another seaside resort with a famous boardwalk and a pier but on May 26, 1978 it became a town with dazzling promises.
Recent fears of a declining economy, higher gas prices, nearby competition and smoking restrictions have not deterred investors however and they are positioning their bets on building 10,000 more hotel rooms in order to make Atlantic City not just a fun day for day trippers that arrive with a roll of quarters but also for visitors looking for a great destination resort.
Epassporte Stops Processing Gambling Transactions
May 25 at 7:07am by admin
A recent letter sent out by epassporte to selected account holders last week reads ….
“We have been advised that the United States Attorney’s Office for the Southern District of New York is conducting a widespread investigation of internet gambling, including poker. Although we do not believe we have done anything illegal, we do not wish to be associated with anything that might be considered illegal by the United States government.”
PokerStars and Full Tilt Poker have now stopped offering ePassporte as a payment option on their sites but according to anecdotal evidence on various forums, ePassporte is allowing players to withdraw money from their accounts.
Now that ePassporte is no longer processing online gambling transactions, American players have very few deposit and withdrawal options.
PokerEChecks.com, which powers the Instant eCheck option at PokerStars and Full Tilt Poker has jumped into the fight however and is now strongly promoting its own service with ads like, “Poker Echecks are a great alternative to ePassporte and are fast, reliable and safe”.
Instant eChecks can’t be used for withdrawals however so the only way for most players American players to get their cash now will be by check.
Canadian Casino Group To Build A $4.2 billion Project in Vietnam
May 24 at 7:07pm by Mike
Vietnam has already given the go ahead for the Canada based casino and resort group (ACDL) to build a 4.2-billion-dollar tourism complex on a southern beach area near to Ho Chi Minh City.
ACDL says on its website that it plans to develop “a five-star coastal paradise consisting of casinos, five stunning resorts, and a gorgeous 200-acre golf course set on the white-sand beaches of Vung Tau Province”.
Although gambling is officially banned in Vietnam and is regarded as a “social evil”, it does allow tourists to visit a casino in the port of Haiphong.
Online Gambling, the #3 online growth industry!
May 22 at 9:09am by Mike
According to ZDNet, online gambling was the third most promising online consumer industry growth behind the online Radio scene.
Growth was shown at 14% and it’s perhaps not surprising to discover that U.S. internet users are also looking hard for an online casino fix.
According to ZDNet the top search engine being used by U.S. citizens is Google with 68% of the search engine results whilst Yahoo finished with 18% of the traffic. Next in line was MSN with 12% and then AOL with a little over 4% and lastly Ask.com getting 2.4% of the search engine traffic in the U.S.
Approximately 68% of U.S. online search engine users only click on the first page of search results which is a very a important fact in the internet supremacy war and is the very reason why it is so important to get on the top list of search engines.
ZDNet estimated that Web 2.0 will gain $4.6 billion by the year 2013 and one thing is for sure and that’s that online gambling won’t be loosing ground anytime soon!
Absolute’s ‘Bad Beat’ Bonus stands at $462,652.00
May 21 at 4:04pm by Mike
The innovative ‘Bad Beat Jackpot’ at Absolute Poker continues to attract action and to bail out bad beat victims, with the latest payout to an online player who lost a Texas Hold Em hand with quad Aces, hitting the highest ‘Bad Beat Jackpot’ yet and winning over $160 000 in cash.
David Clainer, senior vice president for Absolute Poker commented, “With nearly one million hands dealt since the last hit on July 3rd, our Bad Beat Jackpot had climbed to over $464 000. Online poker players flooded the site in record numbers for a shot at winning an unfathomable amount of cash just by losing a hand. Many of life’s failures are people who did not realize how close they were to success when they gave up”.
Greek player wins 1.5 million dollars …
May 21 at 10:10am by Mike
SportingBet recently congratulated a lucky Greek customer on his $1,500,000 jackpot win by flying him and five of his friends and family to London to receive his winnings and to celebrate his good fortune.
After toasting his win at Sportingbet’s London offices, the young office assistant and his entourage were taken out to dine after which he and his very happy fiancée went on a huge shopping spree.
Mr. K. Vasileiadis staked a relatively small amount ($40) on the Super Seven’s online slot machine and won the massive jackpot of $1,500,000 !
This win was the largest online casino win in Greece ever and the biggest casino win at Sportingbet!
Cisco signs a ten year deal with Harrah
May 20 at 7:07pm by Mike
Cisco has signed a ten year deal with the Harrah casino and hotel chain and will install an IP-based video surveillance network in thirty one of its properties worldwide along with several cutting edge technologies that are designed to make the customer experience more interactive.
“Cisco is capitalizing on the casino market’s transition from analog to digital video equipment”, says Howard Lock who is the director of transportation and hospitality for Cisco’s Internet business group.
In addition to added surveillance, Harrah’s will use Cisco’s Digital Media System for digital signs and while it’s not clear exactly how Harrah’s will use this, the technology appears to offer a number of innovative techniques that are right out of tomorrow’s science fiction.
Harrah’s will also use Cisco’s ‘TelePresence’ video conferencing in several locations in order to improve the service in its guest rooms and also offer a much simpler check-in and check-out process.
New online gambling laws expected in S. Africa
May 20 at 11:11am by Mike
South Africa’s Parliament recently approved a new internet gambling law that will regulate an industry that is plagued by crime and is also vulnerable to money laundering and financing by terrorists!
A memorandum attached to the ‘National Gambling Amendment Bill’ said that “the interactive gambling industry is currently unregulated and generally plagued by crime. This situation has resulted in a considerable loss of revenue to the national treasury and compromises the country’s reputation as a responsible global citizen”.
The new bill aims to address the negative socio-economic effects that are associated with gambling and will deal specifically with the issues of problem gambling, player protection, licensing, taxation and advertising.
The bill also allows for an electronic monitoring system to help root out potentially addictive behavior and to restrict credit advances to those players.
President Thabo Mbeki must still sign the bill into law before it comes into effect.
PartyPoker’s upgrade means members earn points faster!
May 19 at 8:08am by Mike
PartyPoker.com has just announced several upgrades, one of which means that players now have the opportunity to earn ‘PartyPoints’ much faster!
The upgraded ‘PartyPoints’ program now gives players the chance to earn points at up to 400 percent of the standard rate and there’s also the chance to hit a private level beyond that.
Points can be earned on any of the PartyGaming brands including PartyPoker, PartyCasino, PartyBets, Gamebookers.com, PartyBingo and PartyGammon and exchanged for cash and tournament entries.
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