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Wednesday, April 6, 2011
Monday, August 23, 2010
A Look Back in the Last 2 Years
As part of SI.com's all-decade project highlighting the best and worst of sports in the 2000s, I asked commissioner David Stern to examine the last 10 years while also envisioning what the future may hold -- including legalized sports betting on NBA games, unadulterated zone defenses, a possible lockout and a new form of expansion to Latin America.
Fortune: Macau casinos roll a pair of hot IPOs --- updated October 2, 2009
In recession-battered Las Vegas, there is still plenty of elbow room at the craps tables. Not so in Macau. Gambling revenue in the Chinese region soared in September, according to figures released this week, and two hotly anticipated stock offerings show that the high rollers have returned.
CNNMoney: States: No luck from gambling --- updated September 21, 2009
For more news on online casinos and online gambling.
Recession-weary Americans aren't gambling the way they used to -- and that could be a problem for many U.S. states already struggling with record budget gaps due to the weak economy.
Fortune: Online gambling for the Facebook generation --- updated July 14, 2009
If your favorite book happens to be Seabiscuit, you already know the answer to the following question: What are the three legal forms of online gambling in the United States?
Native Americans see unity as path to prosperity --- updated May 8, 2009
The slot machines are ringing, music is blasting at the crowded poolside bar, and people are dancing to celebrity DJs at hip nightclubs. But this is not a scene on the Las Vegas strip. This action is taking place on an Indian reservation.
CNNMoney: Web is the winner in March Madness --- updated March 18, 2009
The annual March Madness U.S. college basketball tournament, which starts on Thursday, is a pressure cooker for the 65 teams involved.
CNNMoney: Online casinos crap out --- updated February 17, 2009
It looks like the house doesn't always win, after all.
Time.com: Atlantic City to Have 7-Day Smoking Ban --- updated October 10, 2008
Atlantic City gambling floors will go smoke-free for seven days before allowing visitors to light up again because the city can't legally stop a smoking ban from taking effect
Biloxi, Mississippi: Alive and thriving --- updated February 26, 2008
Flip through a rack of postcards in any Biloxi, Mississippi, gift shop, and along with images of magnolia trees and sunsets, you're likely to find a few satellite shots of Hurricane Katrina looming over the Gulf Coast. "Why not?" asks a store clerk downtown. "We lived it."
Fortune: Macau casinos roll a pair of hot IPOs --- updated October 2, 2009
In recession-battered Las Vegas, there is still plenty of elbow room at the craps tables. Not so in Macau. Gambling revenue in the Chinese region soared in September, according to figures released this week, and two hotly anticipated stock offerings show that the high rollers have returned.
CNNMoney: States: No luck from gambling --- updated September 21, 2009
For more news on online casinos and online gambling.
Recession-weary Americans aren't gambling the way they used to -- and that could be a problem for many U.S. states already struggling with record budget gaps due to the weak economy.
Fortune: Online gambling for the Facebook generation --- updated July 14, 2009
If your favorite book happens to be Seabiscuit, you already know the answer to the following question: What are the three legal forms of online gambling in the United States?
Native Americans see unity as path to prosperity --- updated May 8, 2009
The slot machines are ringing, music is blasting at the crowded poolside bar, and people are dancing to celebrity DJs at hip nightclubs. But this is not a scene on the Las Vegas strip. This action is taking place on an Indian reservation.
CNNMoney: Web is the winner in March Madness --- updated March 18, 2009
The annual March Madness U.S. college basketball tournament, which starts on Thursday, is a pressure cooker for the 65 teams involved.
CNNMoney: Online casinos crap out --- updated February 17, 2009
It looks like the house doesn't always win, after all.
Time.com: Atlantic City to Have 7-Day Smoking Ban --- updated October 10, 2008
Atlantic City gambling floors will go smoke-free for seven days before allowing visitors to light up again because the city can't legally stop a smoking ban from taking effect
Biloxi, Mississippi: Alive and thriving --- updated February 26, 2008
Flip through a rack of postcards in any Biloxi, Mississippi, gift shop, and along with images of magnolia trees and sunsets, you're likely to find a few satellite shots of Hurricane Katrina looming over the Gulf Coast. "Why not?" asks a store clerk downtown. "We lived it."
Friday, August 20, 2010
US Nets Another $13.3 Million From Online Gambling
The US government has shied away from going after online gambling companies when it comes to violations of US law. Instead, the government has focused their efforts on investigating the payment processors that aid these gaming sites in their operations.
Ahmad Khawaja ran two payment processors that were in the middle of a federal case involving online gambling funds. This week, Khawaja forfeited $13.3 million that was seized by the FBI back in June of last year. The civil settlement kept Khawaja and his companies from further legal trouble.
Allied Wallet and Allied Systems processed funds that went into player accounts from sites such as PokerStars and other online gaming sites. The companies also transferred money from offshore through wire transfers from people who understood that the money was being exchanged as part of the gambling operation.
The laws in the US are vague when it comes to the legality of Internet gambling. The Unlawful Internet Gambling Enforcement Act was created in 2006 and went into affect this June. The UIGEA, however, does not define what activity constitutes illegal gambling. Sports betting is the only defined illegal form of gambling on the Internet in the US.
Ahmad Khawaja ran two payment processors that were in the middle of a federal case involving online gambling funds. This week, Khawaja forfeited $13.3 million that was seized by the FBI back in June of last year. The civil settlement kept Khawaja and his companies from further legal trouble.
Allied Wallet and Allied Systems processed funds that went into player accounts from sites such as PokerStars and other online gaming sites. The companies also transferred money from offshore through wire transfers from people who understood that the money was being exchanged as part of the gambling operation.
The laws in the US are vague when it comes to the legality of Internet gambling. The Unlawful Internet Gambling Enforcement Act was created in 2006 and went into affect this June. The UIGEA, however, does not define what activity constitutes illegal gambling. Sports betting is the only defined illegal form of gambling on the Internet in the US.
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