Month / November 2009

Turnabout for MGM Mirage and Dubai in CityCenter Casino Deal

Dubai announces it cannot make debt payments, causing casino stocks in general and MGM Mirage in particular some worry from investors once again concerned about the billions in debt carried by the CityCenter gambling complex.

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US Government Officially Delays Online Casino Ban Implementation

After rumors had circulated that the UIGEA compliance date would be pushed back at the last second, the Treasury and Fed did exactly that, delaying the online casino ban another six months.

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NBA Sports Betting Troubles Resurface as Scout Caught Gambling

Despite league efforts to shove the problem out of public sight, a new sports betting scandal arose with the banning of a former Sacramento Kings employee.

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UIGEA Online Gambling Payment Ban Pushed Back

Just in the nick of time, word has escaped from highly-placed sources in the financial community that the US Treasury will postpone enactment of the UIGEA rules concerning online gambling payment processing.

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Frank Online Casino Bills Get Committee Date

Legislation authored by Barney Frank proposing the licensing and regulation of online casinos will come up for committee discussion next week, after a long wait.

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Florida Internet Casino Report Lacking Objectivity

A survey to study effects of online casino gambling in Florida showed some unexpected bias in the reporting of potential options to Governor Charlie Crist.

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Kentucky House Contingent Unites Against Online Casino Ban

The deleterious effects of the coming implementation of the UIGEA ban against online casino payments have caused the Kentucky Congressional delegation to unite in a call for delay of the compliance date.

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Online Casino Status in US Creating Tax Confusion

The lack of federal definition of what constitutes illegal online gambling is causing tax puzzles for players at online casinos.

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Sports Betting Shifting from Land to Online Casinos

There is a bay shift occurring in the nature of sports betting, as players desert land sports books for online casinos.

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Online Casino Ban Implementation Looming

Although it seemed a year was sufficient time to organize at least a delay of the implementation of the online casino ban, the UIGEA will be enforceable come December 1st, barring last-second action.

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Historic Atlantic City Casino Given to Lenders

The first casino in the US outside Nevada completed a deal to keep it operating by letting lenders take the gambling venue in exchange for dropping the debts owed.

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Online Casino Regulation Foreseen on CNBC Financial News

Experts discussing the future of US gaming on CNBC say they think regulated online casinos in the US are only a matter of time.

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Online Casinos May Be The Answer to Gambling Recession

The president of the American Gaming Association says his land-based casino membership may look closely at online casinos as an industry future when they meet in December.

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Online Poker Expanding to Mobile at PokerStars

PokerStars bought Cecure, a company that develops mobile gaming software, as the online poker operator prepares for the growing boom in mobile gambling.

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Lack of State Grab Leaves Canadian Gambling Jackpots Bigger

Gambling and lottery winnings in Canada are in practice larger than equal rewards in the US, as Canada recognizes that a tax on profits means money won has already been taxed once.

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Florida Casino Gambling Pact Brings Strange Allies Together

Even a negotiated deal can’t stop the endless changing of the casino gambling drama taking place in the Florida legislature.

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Online Casino Company PartyGaming Acquires World Poker Tour

PartyGaming officials kept the online casino company in readiness to re-enter the US gambling market by purchasing the World Poker Tour brand.

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China’s Soccer Regulators Encourage Gambling Bans

The governing board of soccer in China says a crackdown on gambling and sport corruption in the country is most welcome.

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Anti-Gambling Lawmakers Push for Online Casino Ban Start

US lawmakers Jon Kyl and Spencer Bachus asked the Treasury Department to ignore other legislators and continue apace with the implementation of the UIGEA online casino ban.

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