2007 May 18 Gambling News, Events and Happenings - Page 3

DAYTON In the trial of three bingo operators accused of violating state bingo laws, prosecutors told a jury in summation Thursday that the evidence showed the defendants had channeled thousands of dollars in bingo revenues through separate accounts to hide illegal payments from the state.

May 16 was the last date set for a hearing into charges related to online gambling lodged against Neteller founders Stephen Lawrence and John Lefebvre by the US Department of Justice, yet in the fifth continuance to date yesterday (Wednesday) the two men were told the matter had again been postponed - although for only two weeks rather than the now usual one month.

It appears that Citadel Commerce is the latest online processing company to be targeted by the US Department of Justice, following a past involvement in the global online gambling industry.

The US publication The Politico carried an insightful article this week on the impact of online betting carve-outs for the horse racing business, predicting that the new gambling channels the Internet affords will pay off handsomely.

The MIT Technology Review commented this week on the steady increase in Internet censorship (the euphemism is “filtering”) following the release of the results of the OpenNet Initiative (ONI)

US online gamblers are becoming increasingly frustrated with the operational antics of European online payments processor Click2Pay following an admission this week that it cannot effectively handle US Internet gambling withdrawals.

The London-based UC Group payment services provider, in association with British accounting group Baker Tilly has launched its Safe and Secure Internet Gambling Initiative across the United States. The initiative urges support for legislative attempts by Congressman Barney Frank to regulate and license online gambling in the United States as the optimum way to protect online players.

Pennsylvania horse race tracks told the Gaming Control Board that the success of legalised slots machine gaming is already paying big dividends toward reinvigorating the Commonwealth’s horse racing industry.

Associated Press has reported on an alarming decline in the net income of Atlantic City’s 11 casinos, which fell 54 percent in the first quarter compared to a year ago.