2006 October 02 Gambling News, Events and Happenings

The heads of two of Britain’s biggest online gambling firms have warned that their industry faces consolidation in the wake of the U.S. crackdown on Internet gaming, a newspaper reported on Tuesday.
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Legislation making it a crime to use credit cards or online payment systems for Internet betting could be a boon to casinos.

SYDNEY, Oct 3 (Reuters) - Shares in Australian online gaming group Betcorp Ltd. BCL.AX plunged more than 50 percent on Tuesday after the United States Congress passed a law prohibiting payments to Internet betting companies.

SYDNEY, Oct 3 (Reuters) - Shares in Australian online gaming group Betcorp Ltd. plunged more than 50 percent on Tuesday after the United States Congress passed a law prohibiting payments to Internet betting companies.

It was more power politics than pow-wow as the National Congress of American Indians annual convention got underway in Sacramento Monday.

LAS VEGAS - Harrah’s Entertainment received a $15.05 billion offer for the company from two private-equity firms in what would be the biggest deal ever for a casino operator and the fifth-largest leveraged buyout in history.

AMERICAS contradictory impulses towards having a bet were put in sharp relief yesterday by news that private equity firms are planning a multibillion-dollar takeover of the US casino giant Harrahs, just days after the Senate voted to outlaw online gambling.

The first thing to note when considering the online casino and traditional casino version of Roulette is that you have two slightly different versions in which to play the game. The American version and the European version.

All Things Considered , October 2, 2006 · New legislation that sharply limits the ability of U.S. gamblers to use credit cards, checks and electronic-fund transfers sends online-gambling stocks plummeting.